Global manufacturing is under pressure as demand falls and costs rise, threatening deindustrialization and economic instability. The situation in July comes as the Iran war continues into its fifth month, according to a report from Crypto Briefing. Source: Crypto Briefing

The US Treasury has imposed sanctions on Iranian cryptocurrency exchanges involved in a financing scheme for the Islamic Revolutionary Guard Corps (IRGC). This action underscores the increasing use of cryptocurrencies in geopolitical conflicts and highlights the need for stronger global regulatory frameworks. Source: Crypto Briefing

Marqeta’s second-quarter earnings call on Tuesday, Aug. 4, highlighted embedded finance, multinational issuing, stablecoins, and commercial payments as primary strategic growth initiatives. The company also saw a 90% increase in deal size, reflecting its enterprise push, while overall growth is expected to moderate in the coming period. Source: pymnts.com

An investigation reveals that a Facebook group called 'East Midlands Hare Coursing' hosted illegal hare coursing activities for more than a decade. Criminals used the platform to sell dogs, organize hunts that rip animals to shreds, and coordinate gang invasions of farms where they intimidate owners into allowing these illegal gatherings. Source: Dailymail.com

This news reel covers a report from Digitimes about the AI infrastructure race. It explains that access to silicon is no longer the only constraint, and that as compute demand grows to multi-gigawatt projects, financing hardware and data centers becomes a second bottleneck. The report highlights Broadcom's debt push as a signal that AI compute is turning into a Wall Street asset class. Source: Digitimes

Christopher Imumolen, the 2023 presidential candidate of the Accord, has declared support for the APC governorship candidate in Osun State, Asiwaju Munirudeen Bola Oyebamiji, ahead of Saturday's governorship election. Source: Vanguard

Astronomers may finally have a clue about the mysterious “little red dots” that populated the early universe. By studying a spiral galaxy nicknamed the “Saguaro,” researchers found a compact, bright red center that closely resembles these distant objects. This discovery could reveal what happens to those enigmatic red dots. Source: Science Daily

Global manufacturing is under pressure as demand falls and costs rise, threatening deindustrialization and economic instability. The situation in July comes as the Iran war continues into its fifth month, according to a report from Crypto Briefing. Source: Crypto Briefing