CryptoPunks leads NFT sales with US$1.29 million
CryptoPunks leads NFT market for third straight day.
CryptoPunks leads NFT market for third straight day.
According to Odaily, former St. Louis Federal Reserve President James Bullard recently shared his insights on several pressing topics, including the US economic outlook, the Federal Reserve's rate cut trajectory, the upcoming US presidential election, and the potential for another 'Black Monday' market crash. Bullard suggested that the Federal Reserve might implement a series of 25 basis point rate cuts at consecutive meetings, potentially totaling 75 basis points by December.
According to Odaily, the U.S. Department of Labor reported on Thursday that initial jobless claims rose by 4,000 for the week ending August 17, reaching a seasonally adjusted total of 232,000. This figure slightly exceeded the expected 230,000 claims.Chris Larkin from Morgan Stanley E*Trade commented that the latest jobless claims indicate a slowing yet resilient labor market. This trend could potentially support the Federal Reserve's decision to begin lowering interest rates in September.
Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions and lower costs, has raised $2.5 million in a pre-seed funding round led by billionaire investor Tim Draper. Besides venture capital firm Draper Associates, Fulgur Ventures, Axiom Capital and angel investor Stephen Cole also participated in the round, the startup said on Thursday.
The greenback continues to see a bit of support in the USD/JPY pair, as we see a bit of stabilization at this point in time. This pair is of course the epicenter of the carry trade, and therefore people will continue to watch this market.
The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
The Aussie dollar continues to see a lot of noisy behavior, but at this point in time we are a bit overdone, and now are pressuring the top of the range we have been in for some time. It is further backed by the Stochastic Oscillator as well, as it
According to Odaily, the number of initial unemployment claims in the United States for the week ending August 17 reached 232,000, slightly above the expected 230,000. The previous week's figure was revised from 227,000 to 228,000. Additionally, the number of continuing unemployment claims for the week ending August 10 was 1.863 million, close to the anticipated 1.867 million. The prior week's figure was adjusted from 1.864 million to 1.859 million.The four-week moving average of initial unemployment claims for the week ending August 17 was 236,000, a slight revision from the previous value of 236,500 to 236,750. These figures indicate a marginal increase in unemployment claims, reflecting ongoing adjustments in the labor market. The data provides insight into the current state of employment and economic conditions in the United States.
Stock futures were looking for direction Thursday's with markets on edge ahead of Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole monetary policy conference. It will be tough for markets to take a firm direction until Powell has addressed Jackson Hole. The Fed chair’s speech on Friday could give investors a clearer signal about where interest rates are headed as the central bank gets ready to start slashing borrowing costs in a bid to support the U.S. labor market.