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Bitcoin rises on weak U.S. jobs data, talk of July rebound grows

Bitcoin briefly rose above $62,000 after weak U.S. employment data, setting a new July high. It climbed to $62,137 on Bitstamp around the Wall Street open, with a daily gain nearing 4 percent. June nonfarm employment rose 57,000, below expectations of 114,000, while the jobless rate was 4.2 percent. Analysts cited shifting rate-cut expectations, bullish derivatives flows and about $450 million in short liquidations, though some warned of renewed weakness in August.

Crypto

Anchorage Digital links with Binance to let institutions trade while keeping assets off-exchange

Anchorage Digital has integrated with Binance to offer an off-exchange settlement service for institutional clients. The setup allows institutions to trade on Binance without directly depositing crypto or cash on the exchange, keeping assets in Anchorage-qualified custody accounts. Clients can use crypto held at Anchorage or U.S. dollar deposits as collateral to meet Binance margin requirements, with assets remaining at an independent custodian until settlement.

Crypto

Solana Foundation launches protocol-level governance framework

The Solana Foundation introduced a new governance framework, Solana Governance Proposals (SGP), to let validators and delegators make protocol-level decisions on-chain. Validators with at least 100,000 SOL delegated can submit proposals. Voting power is based on delegated SOL, and proposals need backing from validators representing at least 15 percent of active staked tokens to proceed to formal voting. The foundation also broadened delegator rights and separated smaller upgrades into Solana Improvement Documents (SIMD).