Federal Reserve Chairperson Jerome Powell says the Fed remains focused on achieving its dual-mandate goals of maximum employment and stable prices for the benefit of the American people. The economy is generally strong and has made significant progress toward their goals over the past two years. Labor market conditions have cooled from their previous overheating and are holding steady. Also, while it remains somewhat high, inflation has moved closer to the Fed's long-term goal of 2 percent.
Creditcoin, the L1 blockchain focused on the RWA space, has announced the launch of the $10 million Ecosystem Investment Program through Credit Labs, which aims to accelerate innovation within the Creditcoin ecosystem by providing $25,000 to $250,000 in equity investments to entrepreneurs, developers, and companies. Applications will open today.
According to The Data Nerd, 9 days ago, an address exchanged $148,000 for 13.18 million BUTTHOLE on SOL. After 3 days, he added 6.59 million tokens for liquidity, but has not sold any tokens yet. His unrealized profit is about $1.29 million and his return on investment is x87.
Dollar-denominated bitcoin trading is more concentrated in the U.S. session, with CME's bitcoin and ethereum futures hitting a record number of unpositioned squaring contracts!
Cadenza, a venture capital firm specializing in blockchain and artificial intelligence, announced the completion of $50 million in its early-stage AI venture capital fund. The new fund will focus on pre-seed and seed stage investments, with a focus on infrastructure and enterprise application fields. Cadenza's current portfolio in the Web3 space includes: Web3 infrastructure Validation Cloud, Malaysia Digital Asset Exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, crypto wallet ap...
The Blockchain Association, a lobby group focused on cryptocurrencies, announced that cryptocurrency firms have spent about $426 million fighting a lawsuit filed by Gary Gensler, chairperson of the Securities Exchange Commission. In the report, the Blockchain Association criticized the agency's "enforcement regulation" approach, which has affected the entire crypto industry. In addition to the cost of responding to complaints and cases, the Blockchain Association also pointed to the issue of une...
Axal, a startup focused on autonomous agency web development, announced the completion of a $2.50 million pre-seed funding round led by CMT Digital, with other participants including a16z Crypto Startup School, Escape Velocity, IDG Vietnam, and Artichoke Capital. Axal plans to use the funding to expand its team and launch its first product, Axal Autopilot, a self-driving agent-driven trading automation platform that provides users with personalized trading strategies, including price tracking, o...
Bitmain issued a statement, stating: Bitmain is focused on cryptocurrency mining machine business, Bitmain has no connection with the supply investigation incident reported by the media recently, and any news alleging that Bitmain is involved in the aforementioned incident is false. Bitmain reserves the right to pursue legal responsibility for media that publish and disseminate false information.
According to Onchain Lens monitoring, a trader bought 4.91 million GNONs two days ago with only 0.4 SOL ($61), then sold 1.20 million GNONs for 28.95 SOL ($4575), and transferred 100,000 GNONs to the Jupiter DCA Program contract. The current trader also holds 3.71 million GNONs, with a floating profit of 534,000 dollars, which means a staggering return on investment of 8,765 times.
Cypherpunk Holdings, a Canadian company specializing in blockchain investments, today announced a name change to "Sol Strategies" to reflect its new Solana-centric investment strategy. The shift includes pledging Solana and investing in projects and infrastructure for the agreement. The change of the company's legal name from "Cypherpunk Holdings Inc." to "Sol Strategies Inc." became effective on September 12, 2024 and was unanimously approved by the company's board of directors and shareholders...