🚀 US August Manufacturing PMI Falls Short of Expectations
#US #Manufacturing #PMI #Economy #Contraction #S&PGlobal
According to Odaily, the final reading for the U.S. S&P Global Manufacturing PMI in August was 47.9, slightly below the expected 48.1. The previous value was recorded at 48. This indicates a continued contraction in the manufacturing sector.#US #Manufacturing #PMI #Economy #Contraction #S&PGlobal
🚀 CoinDesk 20 Index Sees Positive Movement With Majority Of Assets Trading Higher
#CoinDesk #CoinDesk20 #CryptoMarket #DigitalAssets #Cryptocurrency #MarketTrends #Investing #DOT #HBAR
According to CoinDesk, the CoinDesk 20 Index is currently trading at 1864.5, reflecting a 0.9% increase (+16.74) since the previous day's close. Out of the 20 assets in the index, fifteen are trading higher, showcasing a positive trend in the market. Leading the gains are DOT with a 2.6% increase and HBAR with a 2.4% rise. On the other hand, ETH and ETC are among the laggards, with ETH down by 0.4% and ETC by 0.2%. The CoinDesk 20 is a comprehensive index that is traded on multiple platforms across various regions globally.#CoinDesk #CoinDesk20 #CryptoMarket #DigitalAssets #Cryptocurrency #MarketTrends #Investing #DOT #HBAR
🚀 21.co Launches Wrapped Bitcoin Product on Ethereum Blockchain
#WrappedBitcoin #Ethereum #21co #21BTC #DecentralizedApplications #ColdWallets #Blockchain
According to Odaily, 21.co, the parent company of 21Shares, has introduced its wrapped Bitcoin product, '21BTC,' on the Ethereum blockchain. The company announced that it is collaborating with market maker Flow Traders to offer a product that provides customers with peace of mind while exploring decentralized applications and new opportunities on the Ethereum blockchain. The underlying assets of 21.co's 21BTC will be securely stored in cold wallets, eliminating the need for cross-chain bridges.#WrappedBitcoin #Ethereum #21co #21BTC #DecentralizedApplications #ColdWallets #Blockchain
🚀 Uniswap Labs Launches UniswapX Mobile App And Extension
#Uniswap #UniswapX #mobileapp #extension #liquidity #UNI
According to Odaily, Uniswap Labs has announced the launch of the UniswapX mobile application and extension on the X platform. UniswapX utilizes a network of 'fillers' to source liquidity outside the Uniswap protocol.#Uniswap #UniswapX #mobileapp #extension #liquidity #UNI
🚀 Matter Labs Announces 16% Workforce Reduction
#MatterLabs #ZKsync #WorkforceReduction #Layoffs #Streamlining
According to Foresight News, Matter Labs, the company behind ZKsync, has announced a 16% reduction in its workforce. This decision will affect 24 employees and marks the first time the company has implemented layoffs since its inception six years ago. The move aims to streamline the team as it transitions into its next phase.#MatterLabs #ZKsync #WorkforceReduction #Layoffs #Streamlining
🚀 Etherscan Introduces Builder Score Supported By Talent Protocol
#Etherscan #BuilderScore #TalentProtocol #Blockchain #TechInnovation
According to BlockBeats, on September 3, Etherscan announced the addition of a Builder Score to its Etherscan Card. This new feature is supported by the technical expertise of Talent Protocol, a startup specializing in talent technology.#Etherscan #BuilderScore #TalentProtocol #Blockchain #TechInnovation
🚀 Bitcoin(BTC) Drops Below 58,000 USDT with a 0.28% Decrease in 24 Hours
#Bitcoin #BTC #USDT #Cryptocurrency #MarketData #PriceDrop
On Sep 03, 2024, 14:14 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 58,000 USDT and is now trading at 57,953 USDT, with a narrowed 0.28% decrease in 24 hours.#Bitcoin #BTC #USDT #Cryptocurrency #MarketData #PriceDrop
🚀 Pump.fun Fee Account Sells 10,300 SOL Worth $1.38 Million
#PumpFun #SOL #CryptoTransaction #Lookonchain #Odaily #Blockchain #Cryptocurrency
According to Odaily, monitoring data from Lookonchain revealed that the Pump.fun Fee Account sold 10,300 SOL tokens approximately 40 minutes ago. The transaction is valued at around $1.38 million.#PumpFun #SOL #CryptoTransaction #Lookonchain #Odaily #Blockchain #Cryptocurrency
🚀 BTC Ecosystem NFT Aneemoo's Floor Price Surges
#BTC #NFT #Aneemoo #PFP #animaltheme #cryptocurrency #floorprice #tradingvolume
According to Odaily, the floor price of the BTC ecosystem PFP NFT collection, Aneemoo's, has risen to 0.0077 BTC, marking a 24-hour increase of 288.9%. The total trading volume has reached 4.765 BTC.
Aneemoo's is an animal-themed PFP NFT collection within the BTC ecosystem, consisting of 1,111 pieces. The minting price was 0.00039 BTC, and the current floor price represents an increase of over ten times the original cost.#BTC #NFT #Aneemoo #PFP #animaltheme #cryptocurrency #floorprice #tradingvolume
🚀 Bitfarms Reports August Bitcoin Production And Riot's Acquisition Attempt
#Bitfarms #Bitcoin #BTC #Riot #BitcoinMining #Acquisition #CryptoNews
According to Odaily, Bitcoin mining company Bitfarms reported a production of 233 BTC in August, increasing its total holdings to 1,103 BTC. Meanwhile, competitor Riot is attempting to acquire Bitfarms and has scheduled a crucial special meeting. Riot has also addressed Bitfarms' shareholders in an open letter.#Bitfarms #Bitcoin #BTC #Riot #BitcoinMining #Acquisition #CryptoNews
🚀 US Stock Market Declines With Nasdaq Falling 2%
#USStockMarket #Nasdaq #SP500 #DowJones #Nvidia #StockDecline
According to Odaily, the US stock market continued its downward trend, with the Nasdaq Composite Index dropping by 2%. The S&P 500 Index fell by 1.36%, and the Dow Jones Industrial Average decreased by 1.1%. Notably, Nvidia's stock (NVDA.O) saw a significant decline, expanding to an 8% drop, marking its lowest point since August 13.#USStockMarket #Nasdaq #SP500 #DowJones #Nvidia #StockDecline
🚀 Bitcoin's Implied Volatility Expected to Decline by Year-End
#Bitcoin #ImpliedVolatility #Cryptocurrency #MarketTrends #OpenInterest #Finance #Investing #BTC
According to Odaily, data disclosed by The Cook Capital indicates that Bitcoin's implied volatility (IV) at the end of November and December is around 60%. Over the past week, the realized volatility (RV) was 52%. Positions held until the end of September and earlier account for over 45% of the open interest. As these positions expire and are rolled over, the market's IV may further decrease.#Bitcoin #ImpliedVolatility #Cryptocurrency #MarketTrends #OpenInterest #Finance #Investing #BTC
🚀 Nvidia Shares Drop to Lowest Since Mid-August
#Nvidia #NVDA #stocks #shareprice #marketdecline #financialnews
According to BlockBeats, on September 3, Nvidia (NVDA.O) experienced a significant decline in its stock value, falling by 8%. This marks the lowest point for the company's shares since August 13.#Nvidia #NVDA #stocks #shareprice #marketdecline #financialnews
🚀 FTC Reports Surge In Bitcoin ATM Scams
#Bitcoin #ATM #scams #FTC #financiallosses #fraud #olderadults #consumerprotection
According to Odaily, the U.S. Federal Trade Commission (FTC) has released data indicating a significant increase in financial losses due to Bitcoin ATM scams. Since 2020, the amount of money lost in these scams has surged nearly tenfold. The latest data from the FTC highlights that in the first six months of 2024 alone, Bitcoin ATM scams have resulted in over $65 million in fraudulent losses. Notably, individuals aged 60 and above are more than three times as likely to be affected by these scams compared to younger adults. On average, consumers reported a loss of $10,000 in the first half of this year.#Bitcoin #ATM #scams #FTC #financiallosses #fraud #olderadults #consumerprotection
🚀 Bloomberg Terminal Integrates Polymarket Prediction Market
#BloombergTerminal #Polymarket #PredictionMarket #ShaneCoplan #MarketInsights #DecisionMaking
According to Foresight News, Polymarket CEO Shane Coplan has revealed that the Bloomberg Terminal has integrated the Polymarket prediction market. This integration marks a significant development for Polymarket, providing users of the Bloomberg Terminal with access to Polymarket's prediction market data. The move is expected to enhance the availability of prediction market insights to a broader audience, potentially influencing decision-making processes in various sectors.#BloombergTerminal #Polymarket #PredictionMarket #ShaneCoplan #MarketInsights #DecisionMaking
🚀 Solana Falls Below 130 USDT Amid Market Decline
#Solana #SOL #cryptocurrency #marketdecline #USDT #trading
According to Odaily, the cryptocurrency Solana (SOL) has experienced a decline, falling below the 130 USDT mark. As of the latest data, SOL is trading at 129.91 USDT, reflecting a 24-hour decrease of 2.51%.#Solana #SOL #cryptocurrency #marketdecline #USDT #trading
🚀 US Economy Continues to Contract as August Manufacturing PMI Declines
#USEconomy #ManufacturingPMI #FederalReserve #RateCut #EmploymentReport #JobGains #UnemploymentRate
According to Odaily, the latest report on the US ISM August Manufacturing PMI indicates a continued contraction in the American economy. The data has influenced traders to increase the probability of a 50 basis point rate cut by the Federal Reserve in September from 30% to 39%, as per the Chicago Mercantile Exchange (CME) FedWatch tool. However, the majority still expect a 25 basis point cut, with a 61% probability.
The primary focus of US macroeconomic news remains the August employment report, set to be released on Friday. This report could be a decisive factor for the Federal Reserve's decision to either cut rates by 25 or 50 basis points. Economists predict that job gains will rebound from 114,000 in July to 160,000 in August. Additionally, the unemployment rate is expected to decrease from 4.3% to 4.2%.#USEconomy #ManufacturingPMI #FederalReserve #RateCut #EmploymentReport #JobGains #UnemploymentRate
🚀 Avalanche Announces Major Network Upgrade Avalanche9000
#Avalanche #Avalanche9000 #networkupgrade #Layer1 #mainnet #cryptocurrency #blockchain #economicallyfeasible #customizable #time-to-market #AVAX
According to Odaily, Avalanche has announced the launch of the Avalanche9000 network upgrade on the X platform. This significant upgrade, which is set to begin testing soon, marks the largest network enhancement since the launch of Avalanche's mainnet. The Avalanche9000 upgrade aims to make it more economically feasible, customizable, and easier to maintain for users to deploy their own Layer 1 (L1) networks. Additionally, it is expected to accelerate the time-to-market for these networks.#Avalanche #Avalanche9000 #networkupgrade #Layer1 #mainnet #cryptocurrency #blockchain #economicallyfeasible #customizable #time-to-market #AVAX
🚀 Tron Network's Measures Against Front-Running Transactions Highlighted
#TronNetwork #FrontRunning #Blockchain #MEV #JustinSun #SuperRepresentative #Decentralization #Crypto #Ethereum #Solana #TransactionSecurity #CommunityFeedback #TRX
According to BlockBeats, on September 3, Justin Sun announced on his social media platform that the Tron network has recently received community feedback regarding front-running transactions. After thorough investigation, it was found that the Tron network does not have a Maximum Extractable Value (MEV) mechanism. Overall, Tron is significantly ahead of Ethereum and Solana in preventing front-running by bots, with an interception rate of around 98%.
Tron's Super Representative (SR) nodes have not implemented any MEV mechanisms, meaning no one can manipulate prices to prioritize their transactions on the blockchain. Additionally, transactions within blocks cannot be rearranged, inserted, or deleted to gain extra profits. The investigation also revealed that Tron's super nodes have not accepted bribes to facilitate front-running transactions, and the official stance strictly prohibits any form of assistance in such activities. The community's findings of so-called MEV transactions involve numerous failed scenarios where bots are using probabilistic methods to exploit victims.
Front-running is a strategy employed by bots on every blockchain, and Tron is no exception. However, Tron's design eliminates privileged mechanisms, such as prioritizing on-chain transaction senders. Furthermore, a decentralized voting system oversees SR behavior, significantly reducing the likelihood of front-running, thereby making the market fairer.#TronNetwork #FrontRunning #Blockchain #MEV #JustinSun #SuperRepresentative #Decentralization #Crypto #Ethereum #Solana #TransactionSecurity #CommunityFeedback #TRX
🚀 Aave And Sky Explore Partnership To Bridge DeFi And TradFi
#Aave #Sky #DeFi #TradFi #PhoenixLabs #SPKtokens #USDS #SkyAaveForce #sUSDS #SSR #USDSDirectDepositModule #Lido #wstETH #cryptocurrency #blockchain #partnership #AAVE
According to Cointelegraph, decentralized finance (DeFi) protocols Aave and Sky (formerly Maker) are considering a partnership aimed at bridging the gap between DeFi and traditional finance (TradFi). This initiative, named the Sky Aave Force, was announced on September 2 following a governance proposal by Phoenix Labs, a DeFi research and development organization.
The proposal includes issuing SPK tokens, native to Sky’s subDAO, Spark, to establish a market for USDS, a stablecoin launched after Maker’s rebranding to Sky in August. Aave Labs, the developer behind the Aave DeFi lending platform, emphasized the partnership's goal to drive mass adoption and close the gap between DeFi and TradFi.
Phoenix Labs suggests distributing up to 3.33 million SPK tokens monthly to incentivize an Aave v3 market for Sky’s sUSDS, a yield-bearing token representing deposits in the Sky Savings Rate (SSR) program. Similar to the DAI Savings Rate (DSR) program, SSR provides yield to depositors from the revenues generated by Sky’s protocol. Idle sUSDS on Aave would consistently earn the SSR, potentially outperforming USDC/USDT counterparts.
The proposal also includes introducing a USDS Direct Deposit Module (D3M) to Aave’s Lido Market, with an initial debt ceiling of $100 million. Aave partnered with Lido, the leading Ethereum staking protocol, in July to create a lending market for wstETH, a liquid staking derivative representing a claim on Lido’s ETH staking pool. The D3M would allow Sky to mint USDS directly into Aave’s market without needing to meet the usual collateral requirements.
Phoenix Labs highlighted the synergies between the two protocols, noting that Aave is the largest lending market in DeFi with over $11 billion in total value locked (TVL) across multiple chains. They view this partnership as a first step towards a deeper relationship with Aave to promote both protocols as the core of scalable DeFi.#Aave #Sky #DeFi #TradFi #PhoenixLabs #SPKtokens #USDS #SkyAaveForce #sUSDS #SSR #USDSDirectDepositModule #Lido #wstETH #cryptocurrency #blockchain #partnership #AAVE