Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
The Aussie dollar continues to see a lot of noisy behavior, but at this point in time we are a bit overdone, and now are pressuring the top of the range we have been in for some time. It is further backed by the Stochastic Oscillator as well, as it
According to Odaily, the number of initial unemployment claims in the United States for the week ending August 17 reached 232,000, slightly above the expected 230,000. The previous week's figure was revised from 227,000 to 228,000. Additionally, the number of continuing unemployment claims for the week ending August 10 was 1.863 million, close to the anticipated 1.867 million. The prior week's figure was adjusted from 1.864 million to 1.859 million.The four-week moving average of initial unemployment claims for the week ending August 17 was 236,000, a slight revision from the previous value of 236,500 to 236,750. These figures indicate a marginal increase in unemployment claims, reflecting ongoing adjustments in the labor market. The data provides insight into the current state of employment and economic conditions in the United States.
Stock futures were looking for direction Thursday's with markets on edge ahead of Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole monetary policy conference. It will be tough for markets to take a firm direction until Powell has addressed Jackson Hole. The Fed chair’s speech on Friday could give investors a clearer signal about where interest rates are headed as the central bank gets ready to start slashing borrowing costs in a bid to support the U.S. labor market.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
According to Odaily, Capital Economics economist Olivia Cross has indicated that the downward revision of employment growth data could imply an upward revision in worker productivity. This scenario would further support the Federal Reserve's decision to cut interest rates. Regardless of the situation, whether it is lower economic activity or stronger productivity growth, it suggests that the Federal Reserve has more reasons to begin easing policies in September.
The narrative around Bitcoin is evolving from a speculative asset to a strategic investment.
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Dovish Fed minutes and a big revision in labor market gains has investors betting on more interest-rate cuts between now and year's end.
– Indonesia stocks were lower after the close on Thursday, as losses in the Infrastructure, Financials and Agriculture sectors led shares lower.