The latest US jobs report, released on Friday, fell short of expectations with only 142,000 new jobs added in August. This number was significantly lower than the anticipated 160,000 positions. The trend of declining job growth is concerning, especially when compared to the 202,000 jobs added in the same period the year before. The disappointing
Crypto
Toncoin (TON) started the year on a high note, experiencing a significant bull run that led to its price reaching a new all-time high of nearly $8.20 in mid-June. However, the party didn’t last long as the asset began losing momentum towards the end of August. Currently, TON is trading at around $4.80, marking a
The recent decline in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised concerns among investors and analysts in the cryptocurrency market. This decrease in UTXOs aligns with the plummeting price of Bitcoin (BTC) and the broader decline in the crypto market. Analysts have started interpreting this metric as a potential sign
Investors in the cryptocurrency market are constantly bombarded with news, trends, and community discussions that shape their investment decisions. One significant narrative that has been dominating the market is the influence of crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have the power to move the market significantly, causing both
Recently, the Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, made waves by announcing that they would start accepting crypto donations through Coinbase Commerce. This move sparked interest and raised questions about the increasing role of digital currencies in political funding. During the Citigroup’s 2024 Global TMT Conference in New
Bitcoin’s price slipped to below $56,000, triggering concerns among investors about its future trajectory. According to Arthur Hayes, co-founder of BitMEX, the largest cryptocurrency could decline even further to $50,000 in a worst-case scenario. Hayes’ bearish outlook extends to altcoins as well, with the potential for steeper losses looming on the horizon. The broader macroeconomic
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, have highlighted significant shortcomings in the firm’s practices. In response to the SEC’s findings, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who
Ripple’s University Blockchain Research Initiative (UBRI) program has recently welcomed South Korea’s Yonsei University as its newest partner. This partnership marks the addition of the 58th institution to Ripple’s global network of UBRI collaborations, with a notable 12 of them situated in the Asia Pacific region. Yonsei University will embark on a long-term journey to
The Ethereum market is experiencing a significant shift as rising exchange reserves indicate a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown an increase. This rise suggests that traders are transferring their ETH to exchanges in preparation for selling, potentially increasing supply
The latest analysis conducted by Santiment reveals a significant decline in whale activity across major cryptocurrencies like Bitcoin and Ethereum. During the period of March 13-19, Bitcoin witnessed 115.1k transactions valued at over $100k each. However, by August 21-27, this number had decreased to just 60.2k transactions, showing a noticeable slowdown. Ethereum also saw a
