According to breaking news, the US non-farm payroll and unemployment rate data that all financial markets have been waiting for has been released. The details of the data were determined as follows: 🔹 Unemployment rate: 4.2% (expected: 4.2%) 🔹 Nonfarm payrolls: +73K (expected: +110K) 🔹 Private sector employment: +83K (expected: +100K) 🔹 Hourly earnings (Y/Y):
Indonesia’s crypto tax revenue continues to rise, reaching as high as $36.40 million yearly. The government is preparing to hike up the tax rate for crypto transactions this month. According to data from the Directorate General of Taxes reported by local media outlet Tirto, Indonesia’s cryptocurrency tax revenue managed to reach between Rp500 billion ($31.25
Stablecoin issuer Tether has surpassed South Korea in the number of U.S. treasury bond holders after it issued more assets with total exposure to U.S. Treasuries. How much U.S. debt does the firm hold? Summary Tether’s U.S. Treasury reserves surpass South Korea, Germany and United Arab Emirates. Tether continues to generate net profit, reaching $4.9
The Pakistan government has recently made another crucial decision to induct crypto into the country’s mainstream financial sector. As per the latest reports, the Pakistani authorities are planning to increase the crypto incorporation by commencing official adoption in banking, gold trading, and forex operations. This development highlights the country says welcome to Web3 technologies in
Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. (Ethena) According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth
The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now
Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of
eToro prepares for a turning point: Yoni Assia, CEO of the platform listed since May on Nasdaq, confirmed in an interview on Fortune the opening towards its own blockchain to support millions of monthly transactions and accelerate the offering of new digital assets such as tokenized stocks on Ethereum. Summary What is eToro’s proprietary blockchain
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin BTC$115,157.25 fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader
US President Donald Trump has once again sharpened his criticism of Federal Reserve Chairman Jerome Powell. Trump, who called Powell a “stubborn fool” in his remarks, said interest rates needed to be lowered urgently and dramatically. “If Powell won’t cut rates, the Fed Board of Governors needs to take control,” he said. Trump’s harsh statement,