The recent release of the US jobs report on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This data, coupled with the figures from July and June, brought the three-month average to a mere 86,000 – a stark contrast to the 202,000 new
Crypto
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently reached its lowest level for the year, echoing a similar pattern last observed in October 2023. This metric plays a crucial role in analyzing investor behavior within the cryptocurrency market. In June, 99% of Bitcoin UTXOs were in profit, but this number has
The crypto market is constantly influenced by a variety of factors, including news, trends, and community discussions. One of the significant narratives that have shaped the market this year is the focus on crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have a substantial influence on crypto prices, which has
In a surprising turn of events, the Future Forward USA PAC, which is in support of Vice President Kamala Harris’ presidential campaign, has announced that it will now be accepting cryptocurrency donations through Coinbase Commerce. This development comes after initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024
Ripple recently announced a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th global partnership for Ripple, with a focus on blockchain research and technology. Yonsei University will specifically focus on areas like artificial intelligence, finance, information systems, and management, highlighting the
Bitcoin’s recent dip below $56,000 has sparked concerns among investors, with Arthur Hayes predicting a potential further decline to $50,000. His bearish outlook extends to altcoins as well, warning of steeper losses in the broader crypto market. Hayes attributes these predictions to the Federal Reserve’s actions and dynamics in the US Treasury market, noting the
Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, has found itself in hot water with the U.S. Securities and Exchange Commission. The SEC has recently levied charges against Galois Capital for failing to ensure that the crypto held by the private fund it was advising was held with a qualified custodian,
The Ethereum market is experiencing a shift as rising exchange reserves indicate a possible new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, is a key indicator in this scenario. An increase in this metric often suggests that traders are moving their ETH onto exchanges in
The recent analysis by Santiment has shed light on a concerning trend in the cryptocurrency market. Bitcoin and Ethereum, two of the top crypto assets, have experienced a significant drop in high-value transactions of $100k or more. During the period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k each, indicating active participation
The Open Network and its native token, TON, recently experienced a significant price drop of over 90% in just a few minutes on CoinMarketCap. This sudden plunge from $5.2 to around $0.3 left investors shocked and concerned about the stability of the token. However, it was later revealed that the crash was not caused by