Cryptocurrencies News

Fed rate cut speculation pressures cryptos as US job data boosts investor sentiment. Crypto market cap down 5.23% by Sept. 7.

A DeFi platform linked to Donald Trump’s family aims to raise funds through the sale of 30% of its WLFI tokens, a move that could generate over $500 million

August jobs report reveals slowing growth. Unemployment at 4.2%. Wage increase of 3.8% year-over-year. Labor market shifts could affect financial markets.

US labor market cools: ADP reports 99,000 jobs added, initial claims at 227,000. Tech layoffs surge. Fed rate cuts expected. Prepare for market volatility.

Crypto market faces dual pressure from Fed rate uncertainty and regulatory actions by the SEC.

PCE inflation rises 0.2% monthly, 2.5% annually. Fed’s preferred measure shows economic shifts as rate cut looms. Personal income and spending increase.

US economy accelerates: Q2 GDP growth hits 3.0%, beating expectations. Consumer spending and inventory investment drive expansion. Job market remains resilient.

MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while

S&P Case-Shiller Index hits record high in June 2024. New York leads with 9% annual gain. Home prices outpace inflation, rising 1,100% since 1974. Affordability trends vary by region.

Durable goods orders jump 9.9% in July, far exceeding expectations; transportation drives the surge, core goods dip 0.1%, while stocks rise and Treasury yields edge lower.

The crypto market got a much-needed boost on Friday, with Fed Chair Powell greenlighting a rate cut. SEC vs. crypto case-related news also drew interest.

U.S. jobless claims rise to 232K, indicating potential labor market cooling. Insured unemployment holds steady, but continued claims hit 2021 highs.

BlackRock has surpassed Grayscale in Bitcoin holdings. This shift marks a significant turning point in the Bitcoin ETF sector.

Circle to Launch USDC Payments on Apple Devices Circle CEO Jeremy Allaire recently hinted at a transformative development in digital payments. Following Apple’s decision to open the iPhone’s NFC payment functionality to third-party developers, Allaire hinted that tap-to-pay payments using Circle’s USDC stablecoin are “incoming soon.” This development has the

U.S. residential construction slows in July 2024 with permits and starts declining. Rising rates and uncertainty suggest bearish housing market trends.

U.S. retail sales jumped 1% in July, hitting $709.7B and exceeding expectations. Strong consumer demand boosts economic confidence amid easing inflation.

July 2024 inflation rises to 2.3% year-over-year. Energy prices surge, with gas up 11.4%. Service sector inflation slows, as transport and communication prices drop.

Core PPI, excluding food, energy, and trade services, advances 0.3% in July, outpacing June’s 0.1% increase and hinting at stronger inflationary pressures.

As price pressures ease, a crucial question looms: Is inflation fading away, or just catching its breath? The CPI report holds the answer.

The crypto market cap was up 3.65% for the current week, with easing fears of a US recession driving buyer demand for riskier assets, including crypto.