Nasdaq’s Roland Chai has been named one of @FinancialNews' 2026 Most Influential Leaders in European Finance, recognizing his leadership in European Market Services and his expanded role driving Nasdaq’s global tokenization strategy. Read more:

X is the best source for financial news -- and hundreds of billions of dollars are deployed based on things people read here. We are building Smart Cashtags that allow you to specify the exact asset (or smart contract) when posting a ticker. From Timeline, users will be able to tap them to see its real-time price along with all mentions of that asset. We're aiming to collect feedback as we iterate toward a public release next month.

𝕏 has always been the best source of financial news for traders and investors. Billions of dollars are allocated every day based on what people read on Timeline. Today we're launching our new Cashtags feature in the US and Canada on iPhone, bringing real-time financial data to X. Here's how it works: 1. When you search for or post a cashtag (or contract address), X will automatically suggest matching stocks or crypto tokens, so you can select the exact asset you had in mind. 2. Anyone who taps a Cashtag will see posts mentioning it along with its price chart—without ever leaving X. This ensures that you're always matched to the chatter for the right stock or token. Cashtags are just the first step in our commitment to be the best destination for the finance and crypto community.

Congratulations to six of our J.P. Morgan senior officers who have been named on Financial News’ Most Influential in European Finance 2026 list, in recognition of their leadership and impact on the industry. 👏 Conor Hillery and Matthieu Wiltz, now co-CEOs of Global Banking EMEA, are bringing teams closer together across the firm, leading 32,000 colleagues in the region. 👏 Pranav Thakur leads our Global Markets franchise, connecting clients with liquidity and risk solutions in fast-moving markets. 👏 Dwayne Lysaght and Alberto Piana, the newly appointed co-heads of Investment Banking, lead our EMEA investment banking platform and are shaping the region’s dealmaking priorities. 👏 Adam Tejpaul, who has progressed from the J.P. Morgan analyst programme to CEO, leads the J.P. Morgan International Private Bank, modernizing the client experience through digitally enabled service.

President Trump is making money everywhere he legally can Trump Media just launched Truth API A paid data feed that gives banks and high-frequency trading firms millisecond advantage access to Trump's Truth Social posts before anyone else sees them The API launches August 1 Financial news organizations and algorithmic trading firms are already signed up Firms were already scraping the data illegally and Trump Media just made it official and started charging for it

Peter Navarro to Steve Bannon: "Steve, I can't say this enough. If that Federal Reserve raises rates right now, a careless rate hike, it would hit precisely the sectors America needs most to prosper. Factory construction, capital investment, machinery, housing, manufacturing. And I just hope that those clowns over there that Kevin Warsh is trying to gather together and do the right thing, get the picture because I am just not confident and they're just egged on by the financial news press because every time things come out, 'Oh, they're going to raise rates.'"

Today’s #China# news had many layers. @realDonaldTrump in Beijing; Xi hosting a high-stakes summit; @elonmusk making faces... But for me, there was another very human moment. I spotted a familiar face on TV: Cheng Lei. We used to do TV crossovers back in the CCTV days, when I was at @Reuters which had a partnership with CCTV for financial news. (That kind of partnership is almost unimaginable today.) And Cheng Lei was one of the most recognizable English-language business anchors in China. Sharp, professional, fluent across cultures. A face of China’s opening to the world. Then one day - she was arrested as a spy! In 2020, Cheng Lei was detained in China. She was accused of supplying state secrets overseas and spent more than three years in custody before being released in 2023. By her own account, the ordeal was not only legal or political. It was deeply human: isolation, uncertainty, separation from her children, and the mental pressure of being caught inside something much larger than herself. She lost 1,154 days. And today, there she was again — on Australian television, analyzing Trump’s China visit. That image gave me déjà vu — and goosebumps. Because U.S.-China relations are not only about tariffs, semiconductors, Taiwan, AI, supply chains, or state banquets. They are also about people. Journalists. Translators. Entrepreneurs. Students. Families. Immigrants. People who once believed they could move between worlds, explain one side to the other, and build bridges through language, trust, and shared curiosity. Some of those bridges are now broken. Some became dangerous and some people paid a very real price. Cheng Lei’s story is a reminder of how quickly the world can change — and how personal geopolitics can become. The silver lining is - after years of silence, she can return to the screen with her own voice. That is resilience. Watching her today, I felt both a sense of sadness and admiration. Sadness for the world we lost. Admiration for a woman who survived, came home, rebuilt her life, and returned to journalism on her own terms. In the middle of another Trump-Xi summit, maybe this is the angle worth remembering: Great power politics is never abstract. Behind every diplomatic reset, every strategic rivalry, every headline about “China” and “America,” there are human lives being reshaped. And sometimes, the most powerful story is not only the leaders on the stage. It is the familiar face who made it back to the screen. 🫶

I’ve seen some confusion about USDM supply, which is dropping on many dashboards. TLDR; this is healthy for a new ecosystem right now. But the explanation is long (although not complex): We always talk about “money” as if that’s a simple definition but economists have multiple definitions, each measuring a different set of assets considered part of the money supply. You may have heard terms like M1 money supply or M3 money supply if you read financial news a lot or took economics in school. At the bottom of the stack, the narrowest definition is M0 (which stablecoin issuer @m0 takes its name from). This is physical currency + your banks’ balance at the central bank. ⬆️ This is what most dashboards will show you for a stablecoin’s supply, because it’s relatively easy to count. Just add up the tokens, and of course central banks aren’t generally holding untokenized balances at Circle or Tether or Paxos. While this is a useful number, it excludes most of what we would in everyday usage call “money”. M1 is the next layer in the money stack, and includes M0 + demand deposits. When you say you have $500 in your checking account, you’re including M1 in your definition of money. ⬆️ This is where a deposit into @aave, @Morpho, or other short-term markets sits in the money stack. Quickly going through the other layers for your own curiosity: M2 = M1 + savings accounts + money market funds M3 = M2 + time deposits + repo agreements + short-term debt (usually up to 2 years) As of today, the M1 supply of USDM > M0 supply. Generally this is always the case with any currency, since it is what happens when fractional reserve lending, like on Aave, Morpho, Euler, Compound, or a traditional bank occurs. In the case of USDM, the M0 supply has shrunk while M1 has continued to grow. And remember that M1 cannot unwind without M0 (but can persist without it as long as the debt is healthy). This is due to a cross-chain carry trade. USDM has become a more attractive funding currency than USDC, and debt is being refinanced. This should be good news to those worried about USDM demand being purely for looping on the MegaETH Aave - it’s a second use case. Because Aave rates rise as utilization increases, at some point USDM will cease to be a good funding currency, and we’ll be at an equilibrium. This is growing pain of a healthy path for a new stablecoin (what’s the alternative, that no one wants to even borrow it?) - and is mostly a function of concentration on the Aave market. As USDM is accepted into other apps and another lender or three steps in for a piece of the market, I would anticipate less volatility in M0 supply of USDM, while M1 continues to grow at a more sustainable pace.

Today we've published our half-year results for 2026. The highlights include another rise in our Order Book as operators and utilities strive to meet the growing electricity demand which can be met via #NuclearEnergy# in key markets. This includes AI and data centres. And traditional markets are also seeing a rise in demand to meet domestic #energy# requirements. More here, including commentary from our CEO Boris Schucht: #FinancialResults# #HalfYear#