The latest US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August, well below the anticipated 160,000. This discrepancy has raised concerns about the state of the economy and what actions the US Federal Reserve may take in response. While the job numbers were disappointing, there was
Crypto
The current state of the Bitcoin market is facing a significant decline in the percentage of Unspent Transaction Outputs (UTXOs) in profit, reaching its lowest level since October 2023. This decline is closely correlated with the recent drop in bitcoin’s price and the overall downward trend in the cryptocurrency market. Analysts are viewing this metric
Toncoin (TON) was once riding high on a bull run at the beginning of 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the tides quickly turned, and the asset is now trading at around $4.80, a significant 40% drop from its peak earlier in the summer. The decline began following the arrest
The world of cryptocurrency is constantly evolving, with the market being heavily influenced by news, trends, and community discussions. Investors who stay informed about these narratives have a significant advantage when it comes to making decisions about their portfolios. Santiment, a crypto research and intelligence platform, has identified several key narratives that have shaped the
Recently, the Future Forward USA PAC, which is in support of Vice President Kamala Harris’ presidential campaign, has made a bold move by accepting crypto donations through Coinbase Commerce. This development comes after some initial confusion caused by comments made by a Coinbase executive at a recent conference. During Citigroup’s 2024 Global TMT Conference in
Bitcoin recently dropped below $56,000, signaling a continued downtrend. According to Arthur Hayes, former CEO of BitMEX, there is a possibility that Bitcoin could further decline to $50,000. Additionally, Hayes suggested that altcoins might face even more significant losses in the near future. Hayes’ pessimistic forecast is largely influenced by the broader macroeconomic landscape. He
Ripple, a leading blockchain company, recently announced its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of 58 partners worldwide, with 12 of them located in the Asia Pacific region. Yonsei University will focus on researching blockchain technology, particularly in areas such
The U.S. Securities and Exchange Commission recently imposed additional charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. Galois has agreed to pay a civil penalty of $225,000 as a result of these actions. The SEC found that Galois failed to ensure that the crypto held by the private fund
The Ethereum market has been experiencing a significant shift recently, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has been on the rise. This uptrend suggests that traders are moving their ETH onto exchanges in preparation to sell,
In recent weeks, there has been a noticeable decline in whale activity across major crypto assets, including Bitcoin and Ethereum. This decline in high-value transactions has raised concerns among investors about the potential for a bearish outlook in the market. However, it is important to note that a decrease in whale activity does not always
