Rumors of Crypto M&A.
- #Google and #Facebook took the sharpest jabs for alleged abuse of their market power from Democrats and Republicans in a much-anticipated congressional hearing
- Digital currency prices are on a new upswing and analysts are expecting a spate of M&A activity as banks look to buy rather than build crypto services
- U.S. consumer confidence fell more than expected in July amid a flare-up in COVID-19 infections across the country
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