The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000. This disappointing figure brought the three-month average to 86,000, significantly lower than the 202,000 seen in the same period the year before. While the job addition numbers were underwhelming, the
Crypto
Toncoin (TON) has experienced a significant drop in price since its peak in June, currently trading at around $4.80, which is 40% lower than its highest point. The decline in price can be attributed to negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging app associated with TON.
The crypto market is highly sensitive to news, trends, and community discussions that shape narratives around various topics. One of the leading topics that have significantly impacted the community is the narrative surrounding crypto whales – large holders of bitcoin and other top cryptocurrencies. These whales have a massive influence on crypto prices, which has
The Future Forward USA PAC, a supporter of Vice President Kamala Harris’s presidential campaign, has recently announced that they are now accepting cryptocurrency donations through Coinbase Commerce. This announcement comes after some initial confusion caused by comments made by a Coinbase executive at a recent conference. The clarification made by a spokesperson for the exchange
The recent charges brought by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, highlight a crucial oversight in the firm’s operations. The SEC found that Galois failed to ensure that the crypto assets held by the private fund it was advising were secured with a qualified custodian. Instead, the firm
Ripple made waves in the blockchain and cryptocurrency space by announcing its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with a strong presence in the Asia
Bitcoin’s price has recently fallen below $56,000, signaling a continued downtrend in the cryptocurrency market. Arthur Hayes, co-founder of BitMEX, warns of a potential further decline to $50,000. His bearish outlook is influenced by various macroeconomic factors, particularly the Federal Reserve’s actions and the dynamics of the US Treasury market. Hayes predicts that altcoins may
The Ethereum market is currently experiencing a shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric tracks the amount of ETH held in exchange wallets, and when this metric rises, it suggests that traders are preparing to sell their ETH, increasing supply pressure and contributing to a downtrend.
The crypto market has been experiencing a lackluster period accompanied by a significant decline in whale activity across major crypto assets. According to recent analysis, both Bitcoin and Ethereum are witnessing drops in transactions valued at over $100k. For instance, during the period from March 13th to 19th, Bitcoin recorded 115.1k transactions exceeding $100k each.
The Open Network (TON) and its native token have faced yet another challenge as the price of TON plummeted by over 90% in a matter of minutes on CoinMarketCap. The sudden crash saw TON’s value drop from $5.2 to around $0.3, marking a significant 94% decrease. This drastic plunge caught many investors off guard and