24/7 Blockchain industry dynamics and breaking crypto news
US job growth through March has been revised downward, with nonfarm payrolls potentially cut by 79,000. This strengthens signs of a cooling labor market, increasing expectations that the Fed may consider 2025 rate cuts despite persistent inflation. Final data is due early next year.
Read MoreSpot gold fell below the key $4560 per ounce level, dropping 0.91% intraday. This decline prompts reassessment of gold's short-term momentum amid shifting macroeconomic signals and investor sentiment.
Read MoreArkham data shows Grayscale Bitcoin Trust (GBTC) addresses transferred over 340 BTC, worth ~$26.9M, to exchange deposit addresses including Coinbase Prime on August 28. Such large movements are often viewed as preparatory steps for potential selling, possibly adding short-term liquidity pressure to the Bitcoin market.
Read MoreJio Platforms, the digital arm of Reliance Industries, has received regulatory approval from SEBI, removing a major hurdle for its anticipated IPO. The move accelerates the telecom giant's listing plans and refocuses attention on its prior blockchain initiatives.
Read MoreMarvell Technology's stock fell 8% despite beating earnings expectations. The drop is attributed to Wall Street's concerns over slower-than-anticipated revenue recognition from major custom chip projects with key clients like Google, casting doubt on near-term growth.
Read MoreUS stocks opened mixed on August 28th, with the Dow Jones Industrial Average rising slightly, the S&P 500 nearly flat, and the Nasdaq Composite edging lower. The market showed cautious sentiment ahead of key economic data, with sector performances diverging as investors monitor policy and earnings outlooks.
Read MoreThe Trump administration is reportedly drafting new regulations to restrict geopolitical rivals' remote access to U.S. advanced AI chip computing power via cloud services. Specific measures are still under development, potentially reshaping global AI resource access.
Read MoreJapan's SBI Holdings plans a $270 million investment for a 20% stake in Indonesian online broker Ajaib. The move aims to expand the issuance and use of its yen-pegged stablecoin JPYSC in Southeast Asia, building blockchain-based cross-border settlement infrastructure as part of a broader regional digital asset push.
Read MoreFrench Bitcoin investment firm Capital B has raised €21 million from investors including Adam Back. The net proceeds of €19.9 million will be used to purchase approximately 270 BTC, increasing total holdings to 3,415 coins. Full warrant exercise could bring an additional €136 million.
Read MoreA Federal Reserve official argues that delaying interest rate hikes will only lead to greater economic pain. The call for prompt action highlights growing concerns within the Fed about persistent inflation and the risks of a delayed policy response.
Read MoreOpenAI has significantly upgraded ChatGPT's temporary chat feature. Users can now opt to let temporary chats access existing memory, custom instructions, and plugins, and directly save useful conversations to their chat history. This update enhances utility while preserving privacy.
Read MoreThe SEC has sued 38 entities for allegedly making material misstatements in ADV forms from 2025 to 2026, posing as legitimate advisory firms for U.S. investors. Using offshore IPs, fake addresses, and unverifiable data, these entities face permanent injunctions and civil penalties as filings are removed from SEC's site.
Read MoreMarkets await Fed Chair's Jackson Hole speech. Analysts warn that any hint of adopting new inflation metrics beyond PCE could dampen rate hike expectations, sending a dovish signal and pressuring the US dollar, which currently holds near one-week highs.
Read MoreAllianz's chief advisor highlights the new Fed chair's delicate task of balancing immediate market guidance with long-term structural issues in his debut speech, advocating for a focus on deep-seated economic transformations.
Read MoreUK police have recovered 20.21 Bitcoin worth approximately $1.4 million, tracing the assets to dark web markets operational between 2016 and 2019. The investigation highlights law enforcement's growing capability to track cryptocurrency linked to criminal activities.
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