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Major cryptocurrencies surged on Friday following reports that global financial powerhouse JPMorgan is venturing deeper into the world of cryptocurrencies.
Chinese equities slumped Thursday, with exchange-traded funds that target stocks in the country seeing sharp drops amid concerns over its economy.
Bank earnings fell 11.3% in the second quarter due to the impact of three bank failures, and they will continue to face headwinds from commercial real estate, FDIC said.