Express News | The proposed cryptocurrency tax legislation would allow taxpayers to defer reporting income from staking rewards and support consolidated reporting of multiple transactions.

Breakings03:59

Full Text of the U.S. May Nonfarm Payrolls Report: Employment Growth Driven by Food Services, Healthcare, and Local Government

U.S. nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations, with prior two-month data revised upward by a combined 93,000. The unemployment rate held steady at 4.3%. Job gains were driven by the food services, healthcare, and local government sectors. Below is the full nonfarm payroll employment report.

Golden10 DataJun 5 20:52

May nonfarm payrolls significantly exceeded expectations, sharply increasing the probability of a Fed rate hike this year!

U.S. nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations, prompting an immediate drop in gold prices. The probability of a Federal Reserve rate hike in December has risen to 63%. Economists noted that the current improvement in employment stems more from low layoff levels than from widespread hiring expansions by businesses.

Golden10 DataJun 5 20:50

Bitcoin Sentiment Hit Peak Bearishness at Recent Lows, Peak Bullishness Near Tops: Crypto Daybook

CoinDeskJun 5 19:25

Tonight at 20:30! The first nonfarm payrolls release under Waller—how close is the Fed to raising rates?

Tonight, newly appointed Federal Reserve Chair Waller will, for the first time in his role as the Fed's leader, review the U.S. labor market's latest monthly employment report—the nonfarm payrolls data. Whether this report meets Waller’s expectations and how it might influence the Fed’s interest rate trajectory entering the 'Waller era' remains to be seen.

cls.cnJun 5 14:44

Major U.S. banks including JPMorgan and Citi plan to jointly build and share a tokenized deposit network.

Major U.S. banks including JPMorgan, Citigroup, Bank of America, and Wells Fargo & Co are establishing a shared tokenized deposit network through a clearinghouse, with a planned launch in early 2027. The system will enable banks to settle deposits in real time, 24/7, on a blockchain while keeping funds within the regulated banking system. Tokenized deposits differ from stablecoins in that they represent actual bank deposits recorded on a blockchain rather than standalone digital assets, thereby preserving banks’ existing credit risk profiles and regulatory and accounting frameworks. Shahmir Khaliq, Head of Citi Services, stated that the network is designed to enable banks in capital markets and financing

PANewsJun 5 14:15