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Despite a global crypto slowdown, Nigerian traders are driving engagement in altcoins like CORE, MAGIC, and DOGE, each showing distinct trends.
Share link:In this post: Trump fired BLS commissioner Erika McEntarfer after a weak July jobs report showed only 73,000 jobs added. He accused McEntarfer of rigging job data to hurt him and the Republican Party. Bill Wiatrowski was named acting commissioner while a replacement is sought.
Share link:In this post: iPhone sales climb jumped 13.5% ahead of potential US tariffs. Chinese subsidies and cheaper 16e model helped boost performance. Apple lags rivals in AI race and stock performance leaving investors wary.
Share link:In this post: Michael Saylor said Strategy doesn’t want to own all the Bitcoin and wants everyone to have their share. Strategy now holds 628,791 Bitcoin and raised $2.5 billion in its latest stock offering to buy more. Saylor said Bitcoin is replacing cash and traditional assets in corporate treasuries worldwide.
- 05:52Peter Schiff: A September Rate Cut Is Not a Foregone Conclusion, Inflation May Exceed ExpectationsEconomist and cryptocurrency critic Peter Schiff stated: "A rate cut in September is not a certainty, as the inflation data to be released before the next Federal Reserve meeting may come in higher than expected. The market is rising on expectations of a rate cut, but this actually reduces the likelihood of a cut. Stronger inflationary pressures will outweigh the impact of slowing job growth."
- 05:52US SEC Updates Accounting Guidelines for Dollar Stablecoins, Some Stablecoins May Be Classified as "Cash Equivalents"According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has updated its staff guidance on accounting rules for stablecoins. The core of the new guidance states that if a U.S. dollar-pegged stablecoin has a guaranteed redemption mechanism and its value stability is linked to another class of assets, it may be classified as a "cash equivalent." While the SEC is formulating broader cryptocurrency regulatory rules, this latest interim guidance is part of Chairman Paul Atkins' efforts to lift restrictive measures. For example, in April of this year, the SEC clarified that "covered" U.S. dollar stablecoins are not considered securities and confirmed that entities engaged in the issuance and redemption of such stablecoins do not need to register these activities with the agency.
- 05:46Animoca Brands Co-Founder: Plans to Repurchase TOWER Tokens on the Open MarketAccording to Jinse Finance, Yat Siu, co-founder and executive chairman of Animoca Brands, announced on the X platform: "We are making a public commitment to support the Tower ecosystem, with the first initiatives including the launch of a token buyback. The Web3 gaming sector is vibrant and crucial to the development of on-chain economies. As stated in our announcement regarding CTA earlier this year, we will purchase TOWER tokens on the open market."