SEC Proposes Rules to Streamline Capital Formation for Digital Asset Entrepreneurs
The SEC proposed "Regulation Crypto Assets" to establish a clear framework for certain investment contracts involving crypto assets. The rule will undergo a 60-day public comment period following its Federal Register publication.
Read full story →Credit Card Delinquencies Edge Up to 2.5% Across Top Banks
Credit card delinquency rates rose to 2.50% in July from 2.48% in June across seven major banks. The rate stays below the pre-pandemic average of 2.68% while charge-off rates declined to 3.42%.
Anthropic Beats OpenAI in Revenue for First Time
Anthropic's second quarter sales exceeded OpenAI's for the first time, while OpenAI reported 18% revenue growth from the previous quarter despite deepening losses. The specific revenue figures for both companies were not disclosed in the available text.
Mobile wallets gain traction in the UK
Nearly two-thirds of the UK population is now registered with at least one mobile wallet provider. Mobile wallets are gaining popularity despite cards remaining the dominant payment method in the country.