🚀 Federal Reserve Chair Powell May Push For Rate Cut Amid Labor Market Concerns
#FederalReserve #JeromePowell #RateCut #LaborMarket #Economy #FOMC #Consensus #InterestRates #SoftLanding #KathyBostjancic #DanNorth #DianeSwonk
According to Odaily, Federal Reserve Chair Jerome Powell is likely to seek consensus for at least a 25 basis point rate cut at the upcoming meeting later this month. However, due to recent weaknesses in the labor market, Powell and others may advocate for a more substantial rate reduction.
Kathy Bostjancic, Senior Vice President and Chief Economist at Nationwide, mentioned in an email that Powell does not necessarily need unanimous agreement to initiate rate cuts at the forthcoming September meeting, but he may prefer to do so, especially for the first rate cut. Former Labor Department economist Betsey Stevenson noted on social media that consensus has traditionally been a way to prevent the politicization of the Federal Reserve. She added that if she were a member of the Federal Open Market Committee (FOMC), she would prioritize achieving consensus.
Dan North, Senior Economist at Allianz Trade Americas, commented on the difficulty Powell might face in garnering consensus for a larger rate cut, stating that there would be significant opposition, which could appear unfavorable. Diane Swonk, Chief Economist at KPMG, expressed on social media that Powell might be willing to take this risk. Swonk wrote that Powell is more concerned about the labor market than his colleagues and aims for a soft landing. The question remains whether he will push for a 50 basis point rate cut and how much opposition he is willing to face to achieve this goal.#FederalReserve #JeromePowell #RateCut #LaborMarket #Economy #FOMC #Consensus #InterestRates #SoftLanding #KathyBostjancic #DanNorth #DianeSwonk
🚀 Bitcoin(BTC) Surpasses 57,000 USDT with a 4.06% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata #investment #financialnews
On Sep 10, 2024, 07:23 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 57,000 USDT benchmark and is now trading at 57,042.019531 USDT, with a narrowed 4.06% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata #investment #financialnews
🚀 NULS Blockchain Infrastructure Releases V2.20.0 Update
#NULS #Blockchain #V2200 #Bitcoin #Ethereum #GasFees
According to Foresight News, the modular blockchain infrastructure NULS has announced the release of its V2.20.0 version. With this update, the NULS mainnet now officially supports Bitcoin (BTC) and Ethereum (ETH) as gas fees.#NULS #Blockchain #V2200 #Bitcoin #Ethereum #GasFees
🚀 Dmail Network Integrates With Berachain Network
#DmailNetwork #Berachain #blockchain #onchainemails #NFT #DmailDApp #Freemint #DmailPoints #web3 #informationtransmission
According to Odaily, Dmail Network has announced the completion of its integration with the Berachain network. Users can now send on-chain emails via the Dmail DApp on Berachain. Additionally, Berachain users are granted Freemint permissions, allowing them to claim free Dmail NFT domain names ranging from 8 to 11 characters upon logging in. Each on-chain email sent will earn users 30 Dmail Points, which may be converted into Dmail Tokens in the future.
Currently, Dmail Network supports a total of 28 public blockchains, as well as login options through WorldCoin and Google. This integration aims to provide a comprehensive solution for information transmission, precise notifications, and targeted marketing within the web3 space.#DmailNetwork #Berachain #blockchain #onchainemails #NFT #DmailDApp #Freemint #DmailPoints #web3 #informationtransmission
🚀 BNB Surpasses 520 USDT with a 2.69% Increase in 24 Hours
#BNB #520USDT #Binance #cryptocurrency #trading #increase
On Sep 10, 2024, 07:34 AM(UTC). According to Binance Market Data, BNB has crossed the 520 USDT benchmark and is now trading at 520.099976 USDT, with a narrowed 2.69% increase in 24 hours.#BNB #520USDT #Binance #cryptocurrency #trading #increase
🚀 Texas Federal Judge Dismisses Securities Class Action Against Bancor Protocol
#Texas #FederalJudge #Dismissed #SecuritiesClassAction #BancorProtocol #DeFi #Jurisdiction #USCourts #InvestmentProtection #ForeignDefendants
According to Odaily, a federal judge in Texas has dismissed a securities class action lawsuit against the operators of the DeFi project Bancor Protocol. Judge Robert Pitman agreed with the opinion that the plaintiffs failed to demonstrate that U.S. courts have jurisdiction over the foreign defendants. This ruling indicates that Bancor's foreign operations are not subject to U.S. securities laws, and the plaintiffs cannot sue Bancor in the U.S. for suspending its investment protection feature. The judge also noted that Bancor and its founders do not have sufficient ties to the U.S., suggesting that the plaintiffs could pursue their case in an Israeli court.#Texas #FederalJudge #Dismissed #SecuritiesClassAction #BancorProtocol #DeFi #Jurisdiction #USCourts #InvestmentProtection #ForeignDefendants
🚀 Analyst Highlights Surge In USDT Holdings On Trading Platforms Since August 2024
#USDT #stablecoin #tradingplatforms #cryptocurrencymarket #buyinginterest #cryptocurrencyprices #markettrends #riskaversion
According to BlockBeats, on September 10, analyst Yonsei_dent noted a significant increase in USDT stablecoin holdings on trading platforms since August 2024. This marks a notable shift compared to the relatively stable USDT holdings observed from March to July this year, drawing attention to the potential implications for the cryptocurrency market.
The analysis suggests that the influx of stablecoins into trading platforms is typically interpreted as a sign of increased buying interest, which could positively impact cryptocurrency prices. However, the increase in holdings does not necessarily guarantee a price rise. If market trends remain unclear or if the global economic situation is challenging, investors might refrain from making purchases due to risk aversion.#USDT #stablecoin #tradingplatforms #cryptocurrencymarket #buyinginterest #cryptocurrencyprices #markettrends #riskaversion
🚀 Tokyo Electric Power Subsidiary Explores Bitcoin Mining With Renewable Energy
#TokyoElectricPower #BitcoinMining #RenewableEnergy #AgileEnergyX #Cryptocurrency #BTC
According to Foresight News, Agile Energy X, a subsidiary of Tokyo Electric Power Grid, is investigating the potential of using renewable energy for Bitcoin mining. Agile Energy X estimates that by utilizing 10% of its electricity, it could mine Bitcoin worth approximately 360 billion yen (around $2.5 billion) annually.#TokyoElectricPower #BitcoinMining #RenewableEnergy #AgileEnergyX #Cryptocurrency #BTC
🚀 Eastern European Hackers Target macOS with Malware
#EasternEuropeanHackers #macOS #Malware #CyberSecurity #DataStealing #PasswordTheft #Keychain #WalletSecurity #BruteForceAttack #CryptoTheft
According to Odaily, SlowMist founder Yu Jian has reported that Eastern European hackers have recently released malware targeting macOS systems. Once executed, this malware automatically steals cookies, autofill information, password data, and locally encrypted mnemonic/private key files from browser extensions. Additionally, it can access information stored in the macOS Keychain, which often includes various passwords and other sensitive data.
Yu Jian explained that based on past emergency cases, whether on macOS or Windows, the attacker's steps are generally as follows: First, they decrypt the locally encrypted mnemonic/private key files from the wallet extensions. Some passwords are readily available locally, while others are obtained through brute force attacks. Consequently, some users' wallet assets are stolen days after the initial infection. If the target wallet's assets are minimal, the malware remains dormant until there are sufficient funds to steal.
Secondly, the malware compromises browser-stored account credentials, including those for platforms like X and various trading platforms. Lastly, it targets communication apps such as Telegram and Discord. Therefore, if infected, it is crucial to prioritize securing these accounts before performing antivirus scans or reinstalling the operating system to restore the system.#EasternEuropeanHackers #macOS #Malware #CyberSecurity #DataStealing #PasswordTheft #Keychain #WalletSecurity #BruteForceAttack #CryptoTheft
🚀 StarkWare CEO Highlights Gender Imbalance in Cryptocurrency Sector
#StarkWare #GenderImbalance #Cryptocurrency #Blockchain #WomenInTech #DigitalCurrency
According to Odaily, StarkWare co-founder and CEO Eli Ben-Sasson recently addressed a significant issue within the cryptocurrency industry. In a post on the X platform, Ben-Sasson pointed out that the sector is predominantly male-dominated and lacks sufficient female participation. This observation underscores the ongoing gender imbalance in the rapidly evolving field of digital currencies and blockchain technology.#StarkWare #GenderImbalance #Cryptocurrency #Blockchain #WomenInTech #DigitalCurrency
🚀 Starknet Governance Proposal for STRK Staking Activation Open for Voting
#Starknet #Governance #STRK #Staking #Voting
According to Odaily, a governance proposal to activate the staking function for STRK on Starknet is now open for voting. The voting period will conclude in two days.#Starknet #Governance #STRK #Staking #Voting
🚀 User Loses $520,919 in Pendle-LPT Tokens Due to Phishing Signature
#Pendle #LPT #phishing #cryptocurrency #ScamSniffer #security #vigilance
According to Odaily, a user recently lost $520,919 worth of Pendle-LPT tokens due to a phishing signature. The incident was detected by Scam Sniffer, a monitoring service, just six minutes after the user signed a 'permit' phishing signature. This event highlights the ongoing risks associated with phishing attacks in the cryptocurrency space, emphasizing the need for heightened vigilance and security measures among users.#Pendle #LPT #phishing #cryptocurrency #ScamSniffer #security #vigilance
🚀 Catizen Gaming Platform Gains Significant User Base and Revenue
#Catizen #GamingPlatform #TONFoundation #Telegram #UserBase #Revenue #Blockchain #GamingIndustry
According to BlockBeats, on September 10, Steve Yun, Chairman of the TON Foundation, expressed his support for the Telegram-themed gaming platform Catizen in a tweet. Yun highlighted that Catizen has amassed 36 million registered users, with over 860,000 paying users. The platform generates more than $300,000 daily and has achieved over $26 million in self-generated revenue within six months, making it a leading project team in Asia in Yun's view.
Catizen's user base includes over 2.24 million Telegram Premium users, accounting for 22.4% of Telegram's total paying users. Additionally, Catizen has more than 2.4 million on-chain users, representing nearly 30% of the 6.8 million monthly active users in the TON ecosystem.#Catizen #GamingPlatform #TONFoundation #Telegram #UserBase #Revenue #Blockchain #GamingIndustry
🚀 Bond Market Signals Recession Concerns Amid Yield Curve Inversion
#BondMarket #RecessionConcerns #YieldCurveInversion #TreasuryYields #FederalReserve #EconomicSlowdown #InterestRates #FinancialAnalysis
According to BlockBeats, on September 10, DataTrek co-founder Nicholas Colas highlighted that the shift in the long-term relationship between 2-year and 10-year U.S. Treasury yields was not the only recession warning from the bond market last Friday. The significant drop in the 2-year Treasury yield has pushed the spread between short-term notes and the federal funds rate to its most negative level in at least 50 years. Colas noted that during this period, the spread between these two short-term rates has only fallen below -1% three times, and each time, a recession began within a year. However, Colas does not believe this necessarily means a recession is imminent. He stated that a recession requires a catalyst to start, and so far, the U.S. has not experienced any events that could trigger such a severe economic slowdown. Instead, this inversion suggests that bond traders are increasingly worried that the Federal Reserve is not lowering borrowing costs in a timely manner amid a slowing labor market. In a report on Monday, Colas mentioned, 'The bond market is saying that the Federal Reserve is far behind the curve in cutting rates.'#BondMarket #RecessionConcerns #YieldCurveInversion #TreasuryYields #FederalReserve #EconomicSlowdown #InterestRates #FinancialAnalysis
🚀 Dormant Bitcoin Address Activated After Over a Decade
#Bitcoin #DormantAddress #Blockchain #Cryptocurrency #WhaleAlert #BTC #Activation #LongTerm #Investment
According to Foresight News, WhaleAlert has reported that a dormant Bitcoin address holding 19 BTC was activated today at 17:18 UTC+8. The address had been inactive for 10.8 years. The value of the activated Bitcoin is approximately $1,083,541.#Bitcoin #DormantAddress #Blockchain #Cryptocurrency #WhaleAlert #BTC #Activation #LongTerm #Investment
🚀 Stablecoins Worth $300 Million Flow Into Exchanges Amid Market Decline
#stablecoins #marketdecline #investors #tradingplatforms #cryptocurrency
According to Odaily, data from IntoTheBlock reveals that stablecoins valued at $300 million flowed into trading platforms yesterday. This movement suggests that investors might be taking advantage of the market downturn to enter positions.#stablecoins #marketdecline #investors #tradingplatforms #cryptocurrency
🚀 Aave Labs Re-Enables Collateral Repayment Feature in Aave V3 Market
#Aave #AaveV3 #CollateralRepayment #DeFi #Blockchain #AAVE
According to Odaily, Aave Labs has announced on social media that the collateral repayment feature in the Aave v3 market has been re-enabled.#Aave #AaveV3 #CollateralRepayment #DeFi #Blockchain #AAVE
🚀 MagicEden Leads NFT Market With Over $120 Million In August Transactions
#MagicEden #NFT #transactions #marketshare #Blur #OpenSea #August #CoinGecko #Odaily #BLUR
According to Odaily, a report from CoinGecko reveals that MagicEden topped the NFT market in August with a transaction volume exceeding $120 million, capturing a market share of 36.7%. This positions MagicEden as the leading platform in the NFT space for the month.
Blur, which held a market share of 35.4% at the beginning of the year, saw its share decrease to 25.4% in August. The platform's transaction volume for the month dropped to $84.69 million, placing it second in the rankings.
OpenSea secured the third position with a market share of 19.9% and a transaction volume of $66.52 million in August. The report highlights the shifting dynamics within the NFT marketplace, with MagicEden emerging as the dominant player.#MagicEden #NFT #transactions #marketshare #Blur #OpenSea #August #CoinGecko #Odaily #BLUR
🚀 Tron, Tether, And TRM Labs Form T3 Financial Crime Unit
#Tron #Tether #TRMLabs #T3FCU #FinancialCrime #Blockchain #Cryptocurrency #TRX
According to Foresight News, Tron, Tether, and blockchain intelligence firm TRM Labs have jointly announced the establishment of the T3 Financial Crime Unit (T3 FCU). This initiative aims to combat financial crimes through public-private collaboration, focusing on purifying the Tron network and addressing the illegal use of USDT.#Tron #Tether #TRMLabs #T3FCU #FinancialCrime #Blockchain #Cryptocurrency #TRX
🚀 DYdX Community Proposes $5 Million Token Distribution in Season Six Incentive Plan
#dYdX #DYDX #token #distribution #incentiveplan #cryptocurrency #trading
According to BlockBeats, on September 10, the dYdX community initiated a proposal to distribute DYDX tokens worth $5 million to traders as part of the Season Six incentive plan. The proposal is currently open for voting.#dYdX #DYDX #token #distribution #incentiveplan #cryptocurrency #trading