According to the latest data from the Fed's preferred inflation gauge, prices rose at a slower-than-expected pace on a monthly basis in August. The core Personal Consumption Expenditures (PCE) index, which excludes food and energy costs and is closely watched by the Federal Reserve, rose 0.1% in August from the previous month. This is lower than the 0.2% increase expected by Wall Street and the 0.2% rise in July. Year-over-year, prices rose 2.7% in August, in line with Wall Street expectations and higher than July's 2.6%.

In September, core inflation in Tokyo reached the Bank of Japan's target of 2%, indicating that the economy is closer to meeting the conditions for an interest rate hike. Although political and international economic uncertainties may prompt the Bank of Japan to hold off on a rate hike at its October meeting, the positive inflation data further strengthens market expectations for an interest rate hike in December or early next year, analysts say.

NewsThe cryptoproject Truflation, backed by Coinbase Ventures, has been hit by a hacking attack. Hackers managed to steal approximately $5 million from treasury multisig and personal wallets. The company has confirmed the exploit and is cooperating with law enforcement agencies. Currently, many services on the platform are unavailable, and those that are functioning have limited liquidity.The Silicon Valley-based payment company PayPal has announced that it will soon allow its U.S. business clients to buy, sell, hold, and transact with crypto assets. The company has already launched several initiatives aimed at gaining market share among businesses and customers operating in the digital assets industry.In a speech, Vice President Kamala Harris stated that under her leadership, the United States would recommit to global leadership in sectors defining the next century, remaining dominant in areas like artificial intelligence, quantum computing, blockchain, and other emerging technologies. However, her campaign tours have not touched on the crypto sector.The Ethena DeFi platform and Securitize have announced a partnership to launch a new stablecoin. The token, which will be introduced under the name UStb, is expected to function like traditional stablecoins and will likely be backed by BlackRock's USD institutional digital liquidity fund.Swiss digital asset infrastructure provider Taurus has partnered with Aktionariat AG, a company specializing in tokenization. Under this agreement, Taurus will provide the necessary infrastructure for Ethereum-based tokenized shares issued by Aktionariat, and in return, these tokenized securities will be available on the Taurus Digital eXchange platform. The partnership will commence in November.The Avalanche blockchain network foundation has announced a $40 million grant program to support developers. The Retro9000 program is a retroactive grant initiative linked to the recent Avalanche9000 update, which...

In the week ending September 21, the preliminary number of seasonally adjusted initial jobless claims was 218,000, down 4,000 from a revised 222,000 the previous week. The previous week's figure was initially estimated at 219 000 but was later revised to 222 000. The 4-week moving average fell to 224 750, down 3 500 from the previous week's revised average of 228 250.

The Swiss National Bank (SNB) will reduce its key interest rate by 0.25 percentage points to 1.0%, effective from 27 September 2024. Banks' demand deposits held with the SNB will be charged at the key interest rate up to a certain limit and at 0.5% above this limit. The SNB remains ready to intervene actively in the foreign exchange market if necessary. Inflationary pressures have eased significantly compared with the previous quarter, partly explained by the appreciation of the Swiss franc over the past three months.v

NewsCaroline Ellison, former co-CEO of Alameda Research, has been sentenced to two years in prison by U.S. District Judge Kaplan in New York for her role in the collapse of FTX. Ellison, who was also the former girlfriend of Sam Bankman-Fried, the ex-CEO of the bankrupt FTX, pleaded guilty in December 2022 to charges of fraud and money laundering. She will serve her sentence in a minimum-security facility starting after November 7.Global banking conglomerate Societe Generale has partnered with Bitpanda to expand the mainstream adoption of its euro-denominated stablecoin, EUR CoinVertible (EURCV). According to Jean-Marc Stenger, CEO of Societe Generale-FORGE, the goal is to offer a readily available digital currency to European users. This partnership is seen as an important step in integrating stablecoins into the broader financial system.Binance has introduced a pre-market spot trading service, allowing users to take early positions before a token's spot market listing. Unlike competitors, Binance offers actual tokens for pre-market trading, rather than derivative products.Initia, a layer-1 blockchain project, has raised $14 million in a Series A funding round ahead of its mainnet and token launch. The round was led by Theory Ventures, with participation from Delphi Ventures and Hack VC. Initia aims to provide a holistic approach to the multichain ecosystem, integrating layer-1 and layer-2 rollups in a seamless system.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off"...

Australia's CPI (Consumer Price Index) rose by 2.7% in the 12 months to August. The largest increases were in the categories of housing costs (+2.6%), food and non-alcoholic beverages (+3.4%) and alcohol and tobacco (+6.6%). The annual increase was partly offset by a 1.1% decrease in transport costs. New this month were the Commonwealth Energy Bill Relief Fund rebates and state government subsidies, which will be applied in some states beginning July 2024. In August, Commonwealth subsidies were applied in all states and territories.

In the United States, the Conference Board's Consumer Confidence Index® fell to 98.7 points in September from an upwardly revised 105.6 points in August (1985=100). The Current Situation Index, which reflects consumers' assessment of current economic and labor market conditions, fell 10.3 points to 124.3 points. The expectations index, which reflects consumers' short-term outlook for income, business opportunities, and the labor market, has declined 4.6 points to 81.7, but is still above 80. (Normally, a reading below 80 indicates an impending recession.) Preliminary results closed on September 17, 2024.

NewsThe Depository Trust & Clearing Corporation (DTCC), a key player in U.S. financial market infrastructure, announced the successful completion of its U.S. Treasury Collateral Network tokenization pilot project. The project demonstrated strong functionality and potential within the industry. Four investors, four banks, two central counterparties, and three custodians participated, testing 10 different use cases, with data privacy ensured by the Canton Network. The successful outcome showed that tokenized assets can be used to optimize collateral management.The Eigen Foundation, behind the EigenLayer restaking protocol, has announced that transfer restrictions on the EIGEN token will be lifted on September 30, 2024. Once transferability is enabled, stakeholders will be able to trade and transfer their tokens. This update follows the distribution of 86 million EIGEN tokens during the protocol’s second "stakedrop" season.U.S.-based crypto broker Kraken has completed the acquisition of one of the Netherlands' oldest registered crypto brokers, Coin Meester B.V. This acquisition aims to expand Kraken's efforts in the European market and strengthen its position as a registered Virtual Asset Service Provider (VASP) within the European Union. Following the acquisition, Kraken can now offer VASP services either directly or through partnerships in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland.The Hong Kong Monetary Authority has launched a second pilot program for the e-HKD, focusing on the settlement of tokenized assets, programmability, and offline payments. Participants in this phase include the Bank of China, Hang Seng Bank, HSBC, Aptos Labs, Visa, and Mastercard. This is part of Hong Kong's ongoing central bank digital currency (CBDC) experiment, aimed at testing the commercial viability of the e-HKD.The U.S. Securities and Exchange Commission (SEC) announced a settlement with TrueCoin LLC and TrustToken Inc....

NewsThe team behind the popular Telegram tap-to-earn game, Hamster Kombat, has announced that 60 billion tokens will be distributed in its first airdrop. Despite the game having 300 million users, only 131 million qualified, meaning just 43% of users will receive tokens. The team also revealed that 2.3 million users were banned for cheating.Bitcoin mining companies Bitfarms and Riot Platforms have reached a settlement in which Bitfarms co-founder Andres Finkielsztain stepped down from the board, replaced by an independent director proposed by Riot, Amy Freedman. Riot had attempted to acquire Bitfarms for approximately $950 million in April, though the deal fell through. However, Riot remains Bitfarms' largest shareholder, and this agreement brings them one step closer to a full acquisition.The Celestia Foundation, behind the first specialized modular blockchain, announced it has raised $100 million in funding, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. The funds will be used to advance their technology, aiming to scale to 1-gigabyte blocks.German industrial giant Siemens AG has announced it will use JPMorgan’s Onyx blockchain-based payment system and the SWIAT private blockchain for the issuance and settlement of its tokenized commercial paper. Payments will be processed through the Onyx network using the JPM Coin System, while asset transfers will leverage the SWIAT network's delivery-versus-payment (DvP) mechanism.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff"...

NewsThe Biden administration announced on Monday the launch of a comprehensive initiative to ban Chinese-developed software from Internet-connected cars in the United States, citing national security concerns.The measure is aimed at preventing Chinese intelligence agencies from monitoring the movements of Americans or using the vehicles' electronic systems to access the US power grid or other critical infrastructure. The move, which is expected to be the last significant restriction on Chinese imports into the US during the Biden administration, follows a similar logic to the bans on Huawei telecommunications equipment and the investigation of Chinese-made cranes operating in US ports.Together with Congress's efforts to force TikTok to sever its ties with China, this initiative is a significant step in the US government's efforts to close areas of cybersecurity risk. But these measures have begun to erect a 'digital iron curtain' between two of the world's largest economies, which less than two decades ago claimed to be linked by the internet.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5" title_text_align="left" title_font_size="16px"...

Business activity in the euro area private sector contracted again in September, according to the preliminary PMI® survey. This was the first drop in output in seven months, accompanied by a continued decline in new orders. In fact, new orders fell by the largest amount since January. New orders and backlogs continue to fall at a sharp pace and business confidence has hit a ten-month low, causing companies to reduce their workforce for the second month in a row.

According to the latest HCOB PMI® survey results, France's private sector economy contracted again at the end of the third quarter, following strong growth in the services sector in August. Overall business activity fell at the fastest pace since January as new orders continued to shrink. Survey respondents attributed this trend to deteriorating market conditions and a decline in the number of customers. Although backlogs of work fell at the fastest pace since November last year, employment showed a slight increase after a slight decline in the previous period.

NewsAt Solana Breakpoint 2024, Coinbase, the crypto broker, announced plans to extend its wrapped BTC token, cbBTC, to the Solana network. Currently, the token has a market capitalization of approximately $137 million and is available on the Ethereum and Base blockchains.Plume Network plans to tokenize around $1.25 billion worth of real-world assets by the fourth quarter. Among the assets being moved to the blockchain are Plural Energy’s $300 million solar park, Credbull’s $500 million private credit fund, approximately $120 million in Medicaid-backed receivables, and various oil and gas rights. Token holders will have the opportunity to earn yields throughout the process.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5" title_text_align="left" title_font_size="16px" title_line_height="28px" excerpt_text_color="rgba(255,255,255,0.4)" excerpt_font_size="12px" excerpt_line_height="24px" author_font="|600|||||||" author_font_size="12px" author_line_height="20px" date_font="|600|||||||" date_text_color="#ffffff" date_font_size="12px" date_line_height="20px" custom_margin="10px||||false|false" border_color_all_post="RGBA(255,255,255,0)"...

NewsThe U.S. Securities and Exchange Commission (SEC) has fast-tracked approval for the world’s largest asset manager, BlackRock, to list and trade options for its spot Bitcoin exchange-traded fund (IBIT). These options will be listed on the Nasdaq ISE. Other companies, such as Grayscale and Bitwise, have also applied for similar options trading approvals and are expected to receive the go-ahead soon.Travala, the crypto-native travel platform, has integrated with Solana, expanding its support to a third ecosystem alongside Ethereum and the BNB Chain. This integration allows users to book flights, hotels, and accommodations using Solana-based assets like SOL, USDT, or USDC. Travala’s token, AVA, will also be introduced on Solana, enabling the platform to offer SOL travel rewards in addition to BTC and AVA rewards.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5" title_text_align="left" title_font_size="16px" title_line_height="28px" excerpt_text_color="rgba(255,255,255,0.4)" excerpt_font_size="12px" excerpt_line_height="24px" author_font="|600|||||||" author_font_size="12px" author_line_height="20px" date_font="|600|||||||" date_text_color="#ffffff"...

NewsThe German government shut down 47 crypto platforms, accusing them of knowingly enabling cybercriminals to foster the growth of the "black economy" and deliberately concealing the origins of funds obtained through criminal activities. Among these platforms were several well-established ones with a large user base, including Xchange.cash, which had been operating since 2012, as well as 60cek.org, Baksman.com, and Prostocash.com.Security analysts at PeckShield estimated that the Singapore-based BingX crypto broker suffered a loss of $43 million in a recent hacker attack. To prevent further damage, withdrawals were suspended as part of the emergency plan, with plans to resume them within the next 24 hours. A compensation plan has been promised for those affected.CertiK, a security firm, is set to invest $45 million through its new risk branch, CertiK Ventures, in a new line of proprietary products. They plan to launch two new free security tools, Token Scan and Wallet Scan, designed to help users protect their assets from malicious tokens and wallet codes.Jupiter, one of the largest decentralized platforms within the Solana ecosystem, has acquired the blockchain explorer SolanaFM to access Solana data through its indexing and explorer tools, thus expanding the platform's data and infrastructure capabilities. Additionally, they acquired Coinhall, the leading aggregator on the Cosmos network, thereby extending their reach to another ecosystem.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px"...

According to preliminary estimates, UK retail sales volume (volume bought) increased by 1.0% in August 2024, above the 0.7% rise recorded in July 2024 (previously estimated at 0.5% but revised upwards). Several supermarkets and clothing chains reported growth, partly due to warmer weather and end-of-season sales. Looking at the broader picture, sales volumes rose 1.2% in the three months May to August 2024 compared with the previous period February to May 2024. The graph illustrates the change in retail sales volumes over time, showing both the rolling three-month average and the month-to-month movements.

At its meeting today, the Monetary Policy Board of the Bank of Japan unanimously decided to set guidelines for money market operations for the intermeeting period. The Bank aims to maintain the uncovered overnight call rate at around 0.25%. Japan's economy has shown moderate growth, although it has also weakened at times. Global economies also expanded moderately, while Japan's exports and industrial production were largely flat.

NewsHemi Labs has raised $15 million in funding to develop its modular blockchain network, the Hemi Network, which includes the Hemi Virtual Machine. This technology will enable developers to create Bitcoin- and Ethereum-compatible smart contracts. The funding round was led by Binance Labs, Breyer Capital, and Big Brain Holdings.Fintech company Monerium has announced the launch of EURe, the first euro-backed stablecoin on the Noble blockchain within the Cosmos ecosystem. EURe is backed by euro-denominated deposits and is integrated with the SEPA framework, allowing for instant euro transfers between on-chain wallets and custodial bank accounts.Crypto broker Bitget and Foresight Ventures have announced a $30 million strategic investment in The Open Network (TON) blockchain. The investment aims to increase their involvement in TON's governance and future developments, with a focus on supporting Telegram-based projects, particularly tap-to-earn games.The SEC has filed charges against Rari Capital and its co-founders, alleging that they misled investors regarding the characteristics and profitability of certain crypto investments offered by Rari Capital and operated as an unregistered broker. Some investors in the Earn pool were also eligible for a Rari governance token, which the agency claims qualifies as an unregistered security.The southern U.S. state of Louisiana has announced that residents can now use certain crypto assets to pay for state services. The government will accept Bitcoin payments through the Bitcoin Lightning Network, as well as payments in USD Coin (USDC), a stablecoin pegged to the U.S. dollar.Crypto Finance, a subsidiary of Germany's largest exchange provider, Deutsche Börse, has entered into an agreement with Commerzbank to launch digital asset trading services for its corporate clients. Commerzbank will act as the custodian partner for the service. Initially, the offering will focus on trading the two largest...

The Bank of England on Thursday left interest rates at 5% while voting to cut the amount of UK government bonds held by a further £100 billion over the next 12 months, a move that will have a significant impact on the government's finances. The Monetary Policy Committee voted 8-1 to keep interest rates unchanged, with only outsider Swati Dhingra backing a further quarter-point cut. This decision came after the BoE last month cut borrowing costs for the first time since 2020. Economists polled by Reuters had expected a 7-2 vote in favour of keeping interest rates unchanged, after a close 5-4 vote last month to cut the previous 16-year peak rate.

Economic activity, as measured by Gross Domestic Product (GDP), fell by 0.2% in the second quarter of 2024, following a 0.1% increase in the first quarter of 2024. On an annual basis, GDP in June 2024 was 0.2% lower than in the year to June 2023. GDP-related expenditure was flat (0.0%) in the second quarter of 2024, compared with an increase of 0.3% in the first quarter. Year-on-year, expenditure increased by 0.3% in the year ending June 2024 compared with the year ending June 2023.

NewsThe U.S. Securities and Exchange Commission (SEC) has reached an agreement with Prager Metis, the auditing firm responsible for the bankrupt crypto broker FTX. The firm agreed to pay a $1.95 million fine for two key charges: falsely assessing FTX’s financial health and failing to disclose the relationship between Alameda and FTX.Jamie Dimon, CEO of the U.S.'s largest bank, JPMorgan Chase, known for his skepticism of cryptocurrencies, stated that his bank is likely one of the largest actual users of blockchain technology. According to Dimon, blockchain is simply a good way to share data, though he remains highly critical of crypto assets.The LayerZero Foundation announced the launch of its lzCatalyst program, which connects developers with venture capital firms. Partners in the program include a16z Crypto, Animoca Brands, PayPal Ventures, and Franklin Templeton. Venture capitalists could invest up to $300 million in the development of omnichain applications built on LayerZero.Google Cloud has unveiled its new Blockchain RPC (Remote Procedure Call) service, providing developers with a simplified way to interact with blockchain data. The Blockchain RPC is fully compatible with the Ethereum JSON-RPC standard, allowing developers to integrate it into their applications with just a single line of code.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)"...

The U.S. Census Bureau and the Department of Housing and Urban Development have issued a joint release on new housing statistics for August 2024. According to the data, the number of privately owned housing units approved with building permits in August was 1,475,000 on a seasonally adjusted annualized basis. This represents a 4.9% increase from the revised July figure of 1 406 000, but is 6.5% below the 1 578 000 recorded in August 2023.

The Consumer Price Index for the UK (CPIH), which includes owner-occupiers' housing costs, rose by 3.1% in the 12 months to August 2024, the same as in July. On a month-on-month basis, the CPIH increased by 0.4% in August 2024, the same as in August 2023. The traditional CPI rose by 2.2% year-on-year in the year to August 2024, also unchanged from July. On a monthly basis, the CPI increased by 0.3% in August 2024, the same as in August 2023. The stagnation in both the CPIH and CPI annual rates was mainly driven by the increase in airfares, which rose this year compared to a year earlier.

NewsDonald Trump, the Republican presidential candidate, was scheduled to officially launch the crypto project founded by his sons, World Liberty Financial, at 8 PM on Monday, but the event was postponed. Instead, Zak Folkman, the project leader, revealed that there will be a token, WLFI, which will only be available for sale to accredited investors. The previously leaked tokenomics were denied, with the official version stating that 63% of the tokens will be sold to the public, 17% will be reserved for user rewards, and 20% will be allocated to team members.According to on-chain data, the South Asian country of Bhutan holds more Bitcoin than even El Salvador. The Arkham Intelligence platform reports that Bhutan holds 13,029 BTC (around $758 million), accumulated through Bitcoin mining operations conducted by Druk Holdings, the investment arm of the Kingdom of Bhutan, rather than assets seized by law enforcement.Jeremy Allaire, CEO of stablecoin issuer Circle, announced that USDC will be introduced natively on the Layer-1 Sui blockchain. The integration will be implemented through the Cross-Chain Transfer Protocol (CCTP), a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. This partnership is expected to enhance Sui’s usability, security, and interoperability for both users and developers.MicroStrategy, led by Michael Saylor, has announced plans to issue $700 million worth of convertible senior notes, set to mature in 2028. Of the total proceeds, $500 million will be used to repay existing debt, while the remaining funds will be allocated to additional Bitcoin purchases and general corporate purposes.The decentralized physical infrastructure network IoTeX has formed a partnership with Polygon Labs to integrate its IoTeX 2.0 blockchain with AggLayer. The goal is to leverage AggLayer’s cross-chain communication and liquidity sharing, enabling IoTeX-based projects to...

US retail sales in August showed a monthly increase of 0.1%, while the analyst consensus forecast a decline of -0.2%. July's growth was revised to 1.1% from the original 1%. The control group excluding volatile items, which better reflects broader consumer spending, rose 0.3%, in line with expectations. The July figure in this case was also revised upwards to 0.4% from a preliminary 0.3%. Industrial production also fared better, rising 0.8% in August, well above the 0.2% increase expected.

Canada's Consumer Price Index (CPI) rose by 2.0% in August compared with the same period last year. This is the slowest pace of increase since February 2021 and lags the 2.5% rise in July 2024. The slowdown in inflation is partly due to a fall in petrol prices, the result of a combination of lower prices and a base year effect. Excluding gasoline prices, the CPI rose 2.2% in August compared with 2.5% in July. Mortgage interest costs and rents continued to be the largest contributors to the rise in the CPI. On a month-on-month basis, the CPI fell by 0.2% in August, compared to a 0.4% increase in July.

NewsCircle, the stablecoin issuer, announced plans to extend the use of its USDC stablecoin to Sony's new Ethereum Layer-2 blockchain network, Soneium. As part of the collaboration, the network will utilize the "bridged USDC" standard, with these tokens serving as substitutes for native USDC held on Ethereum.The crypto broker Bybit has received a provisional license from Dubai's Virtual Assets Regulatory Authority (VARA). This license marks a significant milestone in the company's global expansion strategy, as Dubai’s strategic location, progressive policies, and innovation-driven environment provide unparalleled opportunities for businesses and investors in the crypto sector.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5" title_text_align="left" title_font_size="16px" title_line_height="28px" excerpt_text_color="rgba(255,255,255,0.4)" excerpt_font_size="12px" excerpt_line_height="24px" author_font="|600|||||||" author_font_size="12px" author_line_height="20px" date_font="|600|||||||" date_text_color="#ffffff" date_font_size="12px" date_line_height="20px" custom_margin="10px||||false|false" border_color_all_post="RGBA(255,255,255,0)"...

03 Oct 2024 - 3:45pm (GMT +1)Previous: 55.7Becslés: 712K Source: forexfactory.com Previous data Impact on markets A general market effect that is constantly changing depending on the current economic environment. Summary - Analysis Long term trend of data: Increasing Most expected effect: Forex ( DXY ) If new data is higher than previous: Positive ( Forex:DXY ) If new data is lower than previous: Negative ( Forex:DXY ) Effect-balancing with other data: Yes More on TOTM PROConclusion Conclusions based on the new data will be included in the TOTM PRO level live stream announcements every Monday and Thursday.

NewsIntel Corp. is officially eligible for up to $3.5 billion in federal funding to produce semiconductors for the Pentagon, according to people familiar with the matter, after the chipmaker reached a binding agreement with US officials.The secret Secure Enclave programme aims to create advanced chips for military and intelligence purposes. It covers several states, including a manufacturing plant in Arizona, Bloomberg reported. While Intel was always the front-runner to win the award, other chip makers resisted, concerns arose in Washington about the wisdom of relying on a single company, and a funding battle between multiple agencies and Capitol Hill threatened to cut Intel's overall award.The funding could be announced as early as next week, said the people, who declined to be named because the discussions are confidential. The funding would be in addition to the $8.5 billion in grants and $11 billion in loans Intel received in March under the Chips and Science Act, legislation signed into law by President Joe Biden in 2022 to revitalize US semiconductor manufacturing and reduce dependence on Asia.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5"...

Business activity in New York State increased for the first time in nearly a year, according to the September 2024 Empire State Manufacturing Survey. The overall business conditions index rose 16 points to 11.5. New orders and shipments also showed significant increases. Lead times and supply remained stable, with inventories in balance. Labour market conditions remained weak as employment declined moderately and the average working week remained unchanged. Input and selling price growth rates were essentially stagnant.

The Swiss producer and import price index rose by 0.2% in August 2024 compared with the previous month, reaching 107.4 points. The price increase was particularly marked for pharmaceutical products, while prices of petroleum products fell. The price level of all domestic and imported goods fell by 1.2% compared to August 2023. According to data from the Federal Statistical Office (FSO), the increase in the producer price index was mainly due to higher prices for pharmaceutical products compared to the previous month.

NewsThe Bitcoin mining company Bitfarms has announced a hosting agreement with Stronghold Digital Mining, aiming to increase its capacity by an additional 2.2 exahash per second (EH/s) by October 2024. Under the agreement, 10,000 Bitmain T21 mining machines will be deployed at the Panther Creek facility in Pennsylvania, enhancing their competitiveness. The company has also initiated the acquisition of Stronghold, marking the start of its diversification strategy beyond Bitcoin mining, aimed at greater shareholder value creation.Stablecoin issuers Paxos, Tether, Techteryx, and Circle have frozen nearly $5 million worth of stablecoins across two wallet addresses linked to the notorious North Korean state-backed Lazarus hacking group. The stolen assets were identified and tracked during an investigation led by blockchain investigator ZachXBT. However, Circle faced criticism for its delayed response, accused of only extracting profit from the ecosystem without concern for its well-being. After attacks on DeFi, Circle took around 4.5 months to freeze the tokens, unlike the heavily criticized Tether, which promptly reacts to such clear incidents.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0"...

NewsWorldcoin, endorsed by OpenAI CEO Sam Altman, has integrated the World ID into Solana via the Wormhole protocol, extending its reach beyond the Ethereum ecosystem. Worldcoin assigns digital identities to individuals, allowing developers on Solana to prioritize real people in their blockchain applications. The project currently boasts approximately 6.6 million registrations.The Ethereum Layer 2 ZK-rollup network, Starknet, has approved a governance proposal to introduce staking on the network by the end of 2024. Staking will require a minimum of 20,000 STRK tokens (approximately $8,000), and those with fewer tokens can participate by delegating their tokens to eligible stakers. The mainnet launch is planned for the fourth quarter.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off" thumb_size="medium" content_length="120" overlay_icon_color="RGBA(255,255,255,0)" post_bg_color="RGBA(255,255,255,0)" content_bg_color="RGBA(255,255,255,0)" column_count_tablet="2" column_count_phone="1" column_count_last_edited="on|desktop" module_class="remove-pagination" _builder_version="4.24.0" _module_preset="default" title_level="h5" title_text_align="left" title_font_size="16px" title_line_height="28px" excerpt_text_color="rgba(255,255,255,0.4)" excerpt_font_size="12px" excerpt_line_height="24px" author_font="|600|||||||" author_font_size="12px" author_line_height="20px" date_font="|600|||||||" date_text_color="#ffffff" date_font_size="12px" date_line_height="20px" custom_margin="10px||||false|false"...

NewsU.S. Representative John Rose has introduced a bill called "BRIDGE," proposing the creation of a joint commission between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to study digital assets. The two agencies have differing views on certain crypto-related issues, including asset classification and the need for regulation.ZKsync, an EVM-compatible ZK rollup, has officially launched its governance model on the mainnet, based on a decentralized structure that now includes smart contracts. This innovation allows the community to participate in collective decisions about the protocol's future. The model is built around three core bodies: the Token Assembly, Security Council, and Guardians, all striving for a balanced distribution of governance power.The decentralized finance lending platform Sky, formerly known as Maker, has submitted a proposal to remove Wrapped Bitcoin (WBTC) as collateral from its ecosystem. The decision is based on concerns over the token's significant counterparty risk, linked to past issues with products associated with Justin Sun.Between August 6 and September 12, MicroStrategy purchased an additional 18,300 BTC for approximately $1.11 billion, at an average price of $60,408 per bitcoin. The company now holds 244,800 BTC, valued at around $14 billion. According to founder Michael Saylor, the total acquisition was made at an average price of $38,585 per bitcoin, including fees and costs, for a total investment of about $9.45 billion.Tether, the world's largest stablecoin issuer, announced the addition of Jesse Spiro to its leadership team. Spiro previously served as head of regulatory relations for PayPal's blockchain and digital currency division and led government affairs at Chainalysis. At Tether, he will take on a similar role as Head of Government Affairs, overseeing policy development and collaborating with lawmakers, regulators, and key...

Consumer confidence in the United States rose slightly in early September, with the University of Michigan's Consumer Sentiment Index rising from 67.9 points in August to 69 points, beating market expectations of 68 points. The index measuring current economic conditions improved to 62.9 from 61.3, while the consumer expectations index rose to 73 from 72.1. The survey also revealed that one-year inflation expectations fell from 2.8% to 2.7%, while five-year inflation forecasts rose from 3% to 3.1%.

The consumer price index (CPI) rose by 0.5% in August 2024, compared with +0.2% in July. The rise is mainly due to a rebound in the prices of manufactured goods following the July sell-off (+1.4% after -2.3%), especially clothing and footwear (+6.2% after -10.7%). Services prices also rose compared to the previous month (+0.5% after +1.2%), especially accommodation prices (+7.2% after +12.6%). Food prices rose slightly (+0.3% after -0.2%), while energy prices fell (-1.3% after +1.4%). Tobacco prices remained unchanged compared to the previous month.

NewsFlowcarbon, founded by WeWork's Adam Neumann, raised $70 million in 2022 from investors like Andreessen Horowitz to create a new token backed 1:1 by carbon credits. However, the "Goddess Nature Token" never launched, and after two years, the company decided to refund those who had pre-purchased the token.Southeast Asian ride-hailing platform TADA has announced the launch of its mini-app on Telegram, allowing users to book rides directly within the app and pay using Toncoin or USDT on the TON blockchain. This partnership is crucial for the TON blockchain as it seeks further growth in Southeast Asia.Grayscale, a crypto asset manager, has announced the launch of the first U.S.-based XRP trust, a closed-end fund offering accredited investors direct exposure to XRP. XRP is the native asset of the XRPLedger blockchain, which powers Ripple's cross-border transactions. The company also released a four-phase product lifecycle for the XRP trust, leaving the possibility open for an ETF in the future.Crypto broker Coinbase has announced the launch of its own version of wrapped Bitcoin, the cbBTC token, initially available on the Ethereum and Base networks. The ERC-20 token is backed 1:1 by Bitcoin held at Coinbase and will be usable within decentralized finance (DeFi) applications in both the Ethereum and Base ecosystems.Brokerage firm eToro has agreed to pay $1.5 million to settle charges from the U.S. Securities and Exchange Commission (SEC), which accused the company of operating unlawfully as a broker and clearing agency in its crypto business. In addition to the fine, eToro has removed tokens offered as investment contracts from its platform, leaving only a few assets, including BTC, Bitcoin Cash, and ETH, available for trading.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true"...

The Governing Council of the European Central Bank (ECB) today decided to cut the deposit facility rate, a tool for setting the stance of monetary policy, from 4.25 to 3.65. The Governing Council's updated assessment of the inflation outlook, the evolution of underlying inflation dynamics and the transmission efficiency of monetary policy justified the next step towards a reduction in monetary tightening.

NewsLatin America's largest digital bank, Nubank, has announced that it has halted trading with its own cryptocurrency, Nucoin, and will permanently close it in 15 days. Customers who hold Nucoin will be able to exchange it for BTC or USDC.In the United States, tZero Digital Asset Securities has received the Special Purpose Broker-Dealer (SPBD) license from regulators. With this license, the company has become the second in the country authorized to custody digital asset securities on behalf of retail and institutional clients. Additionally, the company assists private firms in going public through securities offerings.The Artificial Superintelligence (ASI) Alliance, formed by the merger of SingularityNET, Fetch.ai, and Ocean Protocol, has announced that they are holding a community vote on the possibility of expanding the alliance with a fourth member. The vote, scheduled for September 19-24, will decide on the inclusion of Cudos, a decentralized cloud computing provider. If approved, Cudos will merge into the alliance's existing FET token.The United Kingdom government has introduced a bill to Parliament addressing the legal status of digital assets, including cryptocurrencies, NFTs, and tokenized real-world assets (RWAs). According to the proposal, crypto assets would be classified as personal property under UK law. If enacted, the legislation will also provide protection for crypto owners who have fallen victim to fraud.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px" show_avatar="off"...

The U.S. Bureau of Labor Statistics reported that the seasonally adjusted Consumer Price Index for Urban Consumers (CPI-U) rose 0.2 percent in August, similar to the increase in July. Over the past 12 months, the index for all items excluding seasonal adjustments increased 2.5 percent. August's rise was driven primarily by a 0.5 percent increase in the accommodation index. The food index rose 0.1 percent, compared with 0.2 percent in July. The price of food outside the home increased 0.3 percent, while the price of food at home was unchanged.

The latest estimates for UK monthly real GDP in July 2024 show no growth, after no increase in June 2024. However, compared to the three months to April 2024, GDP grew by 0.5% in the period to July 2024, supported mainly by a broad expansion in the services sector. Services output grew by the same 0.1% in July, following a 0.1% decline, and rose 0.6% over the three months. In contrast, manufacturing output fell 0.8% in July 2024, following a 0.8% increase in June, and fell 0.1% over the three months as a whole.

NewsJapanese gaming blockchain Oasys has partnered with SK Planet, a subsidiary of South Korean telecom giant SK Telecom, with the aim of integrating its 28 million users into Oasys' gaming ecosystem. This partnership gives Oasys significant access to the Korean market. As part of the collaboration, SK Planet will also serve as a validator for the Oasys network.Tokyo Stock Exchange-listed investment firm Metaplanet has announced the purchase of an additional 38.464 bitcoins, valued at approximately 300 million yen (around 2 million USD). This brings the company's total bitcoin holdings to 398.8 BTC. Metaplanet continues to express optimism about Bitcoin, the world’s largest cryptocurrency, in its statements.Spanish telecom giant Telefónica’s digital business unit is integrating Privado ID tools with Polygon's TrustOS blockchain service. This initiative aligns with the European Union's proposed framework aimed at providing citizens, residents, and businesses with a universally recognized digital identity. The goal is to facilitate access to public services and streamline transactions across various sectors.ENS Labs has announced that the payment service providers PayPal and Venmo have integrated the Ethereum Name Service (ENS) into their platforms. ENS is a decentralized naming system built on the Ethereum blockchain, allowing readable names to be assigned to crypto addresses. With this innovation, PayPal and Venmo users can now directly enter the recipient's ENS name when sending crypto assets, and the payment platforms will automatically identify the wallet addresses associated with the ENS names. The service will initially be available only to users in the United States.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true"...