The devil, of course, is in the details, and Goldman Sachs – anticipating the sizable downward adjustment – earlier this week explained why the revisions themselves were as likely as the originally reported numbers to be erroneous. The true monthly pace of jobs growth, according to the bank, is likely to have been 200,000-240,000, a perfectly acceptable number in a growing economy. Original
Another EigenLayer ecosystem restaking project, Renzo, in April issued its token via offshore entities, and also geoblocked U.S. web traffic. “Our Terms of Service clearly state that US persons are not permitted to claim tokens,” said Kratik Lodha, a representative for the token’s issuer, the RestakeX Foundation. Source
Polygon (MATIC) is setting up perhaps for a significant surge. MATIC currently trades 13% below its projected value for the next month; the crypto space is abuzz over this undervaluation. Investors view such a slide as a good buying opportunity. Related Reading With a possible increase of 470% in just the next three months, the short-term predictions should be fairly optimistic. If everything goes as planned, MATIC could turn out to be one of the best performing tokens. With its next big upgrade slated to go live on September 4,…
PayPal stock has moved into a bull market, rising by over 26% from its lowest point this month. PayPal USD stablecoin’s market cap PayPal USD (PYUSD), the company’s stablecoin launched in August 2023, has been performing well. Data shows that its market cap has jumped sharply in the past few weeks, crossing the psychological level of $907 million on Aug. 21. This marks significant growth for a stablecoin whose market cap started the year at $264 million. Stablecoin issuers like PayPal make money in two main ways: interest rates and…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also targeting an increase in the corporate tax rate, […] Source CryptoX Portal
Cryptocurrency mining giant Bitfarms has entered a definitive merger agreement to acquire Stronghold in a stock-for-stock merger transaction. Canadian crypto miner Bitfarms is set to acquire its U.S.-based rival Stronghold Digital in a transaction valued at approximately $175 million, including $125 million in equity value and $50 million in assumed debt. In an Aug. 21 press release, Bitfarms said that acquiring Stronghold would bring significant assets, including a 4.0 EH/s hashrate and 165 MW of power capacity as of June 2024. The company owns over 750 acres of land and…
Dogecoin (DOGE), the original memecoin, is facing a new challenger, Mpeppe (MPEPE), an innovative gambling-focused memecoin. MPEPE is gaining momentum and offering both fun and financial potential to investors. It is hailed as Dogecoin (DOGE)’s newest rival and could significantly impact the future of memecoins. Dogecoin (DOGE)’s Legacy: The King of Memecoins Dogecoin (DOGE) has earned its place as the king of memecoins, originally launched as a joke in 2013. Over the years, DOGE has grown from a playful internet experiment into a serious cryptocurrency asset, thanks to its viral…
The cryptocurrency market is no stranger to groundbreaking developments, but the buzz surrounding the latest Ethereum (ETH)-based ICO, Mpeppe (MPEPE), suggests that something truly special is on the horizon. Ethereum (ETH) investors, known for their keen eye on innovative projects, are increasingly optimistic that Mpeppe (MPEPE) could be the next big thing to rock the crypto market. Here’s why this new ICO is capturing the imagination of ETH holders and what it could mean for the future of digital assets. Mpeppe (MPEPE): The ICO That’s Turning Heads in the Ethereum…
The cryptocurrency market is abuzz with excitement as Ethereum (ETH) holders look to capitalize on a new opportunity that promises substantial returns. Mpeppe (MPEPE), a rising memecoin, has caught the attention of savvy investors who are eager to diversify their portfolios and potentially secure gains as high as 350x. As Mpeppe gains momentum, Ethereum (ETH) holders are positioning themselves to benefit from what could be one of the most lucrative opportunities of the year. Here’s why Mpeppe (MPEPE) is generating so much buzz and why ETH investors are on the…