The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation. According to the government’s Nonfarm Payrolls Report released Friday morning, the U.S. lost 23,000 jobs last month. That was far below the consensus expectation of a gain of
While the leading cryptocurrency Bitcoin continues to move within a narrow range, the Coinbase Bitcoin premium index, which tracks US investor demand for Bitcoin, has been in negative territory for 80 consecutive days. Historical data shows that the previous longest negative period in Coinbase’s Bitcoin premium was between January 16 and February 24 of this
Bitcoin is approaching a rare test this weekend, with a small group of nodes is preparing to reject blocks produced by almost all of the network’s miners. The Bitcoin Improvement Proposal (BIP)-110, a controversial proposal to temporarily restrict how much non-payment data can be stored on the Bitcoin blockchain, approaches its long-planned mandatory signalling period,
Spot bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction. ETF demand has seemingly returned, but
A wallet linked to the Kingdom of Bhutan has moved approximately 434.86 Bitcoin, valued at around $27.96 million, to the cryptocurrency exchange Binance. The transactions occurred over a five-hour period, marking the first activity from this address in over a month. On-Chain Data Points to Government-Linked Wallet Blockchain analytics platform Arkham identified the Binance deposit
This morning, Jefferies slashed its price target on SanDisk stock 42% from $3,000 to $1,750. ZeroHedge laughed out loud at the drastic action. Just six weeks ago, on June 26, analysts at the investment bank had set their $3,000 price target. Nonetheless, SanDisk stock price is down, even after the AI chipmaker reported the best
Hana Financial Group has selected blockchain infrastructure firm Lambda256 as its technology partner for a new overseas remittance and payments project, developed in collaboration with Dunamu. The initiative, which began in earnest in June, aims to modernize cross-border payment processing using distributed ledger technology, according to The Herald Business. Project Scope and Technical Implementation Lambda256,
Next Technology Holding Inc. (Nasdaq: NXTT) will turn every 100 shares into one at 12:01 a.m. ET on Aug. 10, 2026. Nasdaq trading is expected to open on a split-adjusted basis that morning. The Aug. 5 filing projects the outstanding count will fall from approximately 147,296,192 shares to approximately 1,472,962. This is the company’s second
An early Bitcoin investor who had been inactive for a long time in the cryptocurrency market has resurfaced. According to data shared by the on-chain analytics platform Onchain Lens, a “whale” who accumulated a large amount of $BTC during the years when Bitcoin was trading between $10 and $15, has made its first transfer after
The fallout from the Coldcard security breach is now surfacing on-chain. According to Glassnode data, roughly 210,000 $BTC have moved out of long-term holder (LTH) wallets over the past week, the largest decline since December 2024, when bitcoin approached $100,000 for the first time. Glassnode classifies long-term holders, or LTHs, as entities whose coins have