U.S. Jobs Plummet to 29000 Unemployment Hits 42%
U.S. added 29,000 jobs in September, with unemployment rising to 4.2%, below expectations. Bitcoin remains steady near $87,000 post-report. #Update #Crypto $BTC
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Fed Raises Rates 25 Basis Points
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4%, marking its first hike since July 2023, as inflation remains elevated. Bitcoin is currently at $75,700. #Update #Crypto $BTC
Coinbase Ditches Trading Fees for Survival
@Coinbase launched new products including derivatives and stablecoin payments, aiming to diversify revenue beyond trading fees amidst subdued crypto markets. Analysts view this as a strategic shift. #Update #Crypto $BTC
Fed Holds Rates Steady Under Chairman Warsh
The Federal Reserve held its benchmark fed funds rate steady at 3.50%-3.75% under new Chairman Kevin Warsh, with markets anticipating potential future rate hikes amid persistent inflation. #Update #Crypto $BTC $ETH
Bitcoin Sale Sparks Ether Outperformance Surge
@MicroStrategy’s first $BTC sale since 2022 may indicate a shift in crypto markets, with $ETH outperforming $BTC by 5% following the news. Analysts predict continued ETH strength ahead. #Update #Crypto $ETH
Bitcoin Sale Triggers $14 Million Polymarket Chaos
@MicroStrategy’s first public bitcoin sale has sparked a $15 million dispute on Polymarket, with bettors divided over whether sales from May 26-31 count for the May 31 deadline. #Update #Crypto $BTC
Trump Defends CFTC Amid Court Challenges
U.S. President Donald Trump supports CFTC’s exclusive authority over prediction markets, amid state lawsuits claiming these are gambling products; several countries have recently banned such markets. #Update #Crypto $BTC
Ethereum Faces Crisis Amid Major Talent Exodus
A crisis is brewing at the Ethereum Foundation as key figures exit, prompting calls for a new organization aligned with Ethereum’s economic interests; community frustration grows over leadership and strategic direction. #Update #Crypto $ETH
Bitcoin Holdings Hit $1.29B at SpaceX
@SpaceX holds 18,712 $BTC valued at $1.45B ahead of its IPO, potentially aiming for a valuation exceeding $1.5 trillion, which could surpass Saudi Aramco’s record IPO. #Update #Crypto $BTC
Circle Bets Big on $3 Billion Blockchain
@Circle’s upcoming Arc blockchain aims to bridge compliance gaps for financial institutions, raising $222 million in a presale and valuing it at $3 billion; shares surged 15% amid mixed earnings. #Update #Crypto $USDC
Bitcoin Saylor Reveals Big Nothing Burger Sale
@MicroStrategy’s Michael Saylor downplays concerns over potential bitcoin sales for dividends, stating it would be “inconsequential” and emphasizes their trading strategy focuses on maximizing bitcoin per share. #Update #Crypto $BTC
Crypto Plummets to Bottom of Voter Priorities
U.S. voters rank cryptocurrencies low in priorities for the midterm elections, with only 1% citing it as a top concern; however, interest in crypto remains significant among some voters. #Update #Crypto
Banks Dominate 70% Preference Over Crypto
Americans overwhelmingly trust banks over crypto for financial access, with 65% favoring banks and only 5% supporting crypto, according to a recent CoinDesk survey. #Update #Crypto
Crypto Trust Plummets Amid Trump Administration Oversight
62% of U.S. voters distrust President Trump’s oversight of the crypto industry, with 73% opposing personal business ties among officials. Trump’s approval rating is at 40%. #Update #Crypto $BTC