π₯π₯Market Briefing Thursday - 30/03 π₯π₯π At 7:30 PM tonight, the US will release Q4 GDP revised data and initial jobless claims figures [More]
π Binance representative denies ties with China as alleged by Financial Times [More]
π FTX sends email notification to users with trapped funds about their repayment plan [More]
π Telegram users can now subscribe to Premium version using TON tokens [More]
π Community proposes reducing transaction fees on BNB Chain to increase competitiveness [More]
π Following Coinbase, Kraken plans to establish an overseas derivatives exchange [More]
π Trust Wallet adds feature to restore wallet in case of lost seed phrase [More]
π Fetch. ai (FET) receives $40M funding from DWF Labs [More]
π Aptos-based DeFi project Econia raises $6.5M in seed round led by Dragonfly Capital [More]
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π₯π₯Market Briefing Friday 31/03 π₯π₯π A series of Vietnamese users have received refund emails from FTX, specific schedules and instructions will be announced later [More]
π Sam FTX denies allegations of fraud during yesterday's hearing, including bribery of Chinese officials [More]
π Sui launches a Testnet version running parallel with Mainnet, it will not be deleted after each update [More]
π Polygon's zkEVM will not issue its own token but will use ETH to calculate gas fees [More]
π Opensea will integrate NFT transactions on the Solana network in April [More]
π Ronin Network launches RON staking gateway and introduces the first 5 game projects [More)]
π Unstoppable Domains launches AI avatar as an NFT [More]
π Binance Launchpool RDNT opens the BNB & TUSD staking gateway [More]
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π₯π₯Market briefings on Saturday - 01/04 π₯π₯π Bitcoin bounced back to $28,400 thanks to optimistic signals from PCE - a favorite inflation measure of the FED [More]
π Do Kwon may face 5-year imprisonment in Montenegro for using fake documents [More]
π NFT trading volume of Donald Trump increased by more than 500% after he was indicted [More]
π Crypto exchange Bittrex suspends operations in the US due to regulatory constraints [More]
π El Salvador officially eliminates taxes on AI and innovates technology [More]
π UNICEF tests DAO operations on the Polygon blockchain [More]
π China and Saudi Arabia finalize a $10 billion deal to build an oil refinery in Liaoning, northeastern China [More]
π The State Bank of Vietnam continues to lower interest rates from April 3, with short-term lending rates reduced to 4.5% per year [More]
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π₯π₯ Market brief on Monday, 03/04 π₯π₯π Bitcoin closed the week with its highest candle at $28,171 and is currently trading at around $27,700 [More)]
π The CFTC case is still ongoing, Binance and three KOLs are facing a billion-dollar lawsuit for promoting unregistered securities [More]
π In just under 10 days, TVL on zkSync Era has skyrocketed, surpassing $100 million. Meanwhile, Polygon zkEVM is lagging behind with a TVL of $2.3 million [More]
π Bybit plans to expand its exchange operations in Hong Kong [More]
π Allbridge (ABR) suffered an attack, with losses estimated at around $570K [More]
π Alchemy Pay (ACH) secures $10 million investment from DWF Labs to expand operations in South Korea [More]
π Oil surges more than $5 per barrel after OPEC+ unexpectedly cuts production. The US responds, calling the move "unwise" [More]
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WEEK OF US LABOR REPORTS πΊπΈ
This week's economic calendar mainly focuses on the US labor market:
π 9:00 PM Tuesday (04/04): JOLTS Job Openings Report
This is a survey on the Number of Job Openings and Labor Turnover in the US.
The Job Openings rate is forecasted to be 10.4 million, down 0.4 million from the previous period (10.8 million). The decrease shows that the demand for recruitment in the US is weakening.
π 7:15 PM Wednesday (05/04): ADP Non-Farm Employment Change
ADP estimates the number of employed people in the US (excluding agriculture), which helps predict the Non-Farm Payrolls data the next day.
The forecast indicates that private companies will add only 208K positions, a decrease from 242K last month.
π 7:30 PM Friday (07/04): Non-Farm Payrolls Report
It is predicted that the US will create 235K jobs, down from 311K last month. Meanwhile, the unemployment rate remains low at 3.6%.
This week's Non-Farm Payrolls report will be closely watched because it is the last labor market report that the Fed will consider before the May interest rate announcement.
This week's economic calendar mainly focuses on the US labor market:
π 9:00 PM Tuesday (04/04): JOLTS Job Openings Report
This is a survey on the Number of Job Openings and Labor Turnover in the US.
The Job Openings rate is forecasted to be 10.4 million, down 0.4 million from the previous period (10.8 million). The decrease shows that the demand for recruitment in the US is weakening.
π 7:15 PM Wednesday (05/04): ADP Non-Farm Employment Change
ADP estimates the number of employed people in the US (excluding agriculture), which helps predict the Non-Farm Payrolls data the next day.
The forecast indicates that private companies will add only 208K positions, a decrease from 242K last month.
π 7:30 PM Friday (07/04): Non-Farm Payrolls Report
It is predicted that the US will create 235K jobs, down from 311K last month. Meanwhile, the unemployment rate remains low at 3.6%.
This week's Non-Farm Payrolls report will be closely watched because it is the last labor market report that the Fed will consider before the May interest rate announcement.
π₯π₯ Market Briefing Tuesday - 04/04 π₯π₯π US industrial production index falls for the fifth consecutive month, hitting the lowest point since May 2020 during the COVID trough. [More]
π CFTC sues Binance in a civil case, CZ denies rumors of being red-listed by Interpol. [More]
π Japan warns four CEX exchanges for operating without a license. [More]
π PancakeSwap launches V3 on BNB Chain & Ethereum. [More]
π Injective launches Liquid Staking for its INJ token. [More]
π Binance loses 16% of its spot market share in Q1/23 due to legal troubles and zero-fee trading program. [More]
π Ethereum MEV bot attacked, suffering losses of about $25M. [More]
π Re7 Capital & Republic Crypto set up a $100M fund to invest in mid-cap liquidity tokens. [More]
π St. Louis Fed President: OPEC+ production cuts present challenges for Fed's inflation control. [More]
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π₯π₯ Market Update Wednesday - 04/05 π₯π₯π ETH breaks $1,900, BTC breaks $28,600, altcoins in green [More]
π JOLTS job openings data drops sharply to 9.93 million, the lowest since May 2021, raising expectations that the Fed will keep interest rates unchanged in May [More]
π RBA pauses interest rate hikes after 10 hikes, raising hopes that the tightening cycle is coming to an end [More]
π OpenSea launches OpenSea Pro to compete with Blur, offers free NFT minting to users [More]
π MetaMask updates with NFT display and ERC-721 token transfer feature [More]
π 3AC fund's OPNX exchange goes live, offering a FLEX token giveaway [More]
π P2P exchange Paxful suspends operations due to regulatory barriers in the US [More]
π Li.Fi protocol raises an additional $17.5M in Series A funding [More]
π Polyhedra raises $15M to develop ZK bridge [More]
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π₯π₯ Market Briefing Friday 07/04 π₯π₯π At 7:30pm tonight, the Non-Farm Employment data will be released in the context of a job market decline with all indicators lower than expected. [More]
π Binance withdraws derivative trading license in Australia, but spot trading is still ongoing as usual. [More]
π Solana introduces a feature that significantly reduces the cost of minting NFTs, an effort to retain NFT projects wanting to leave the platform. [More]
π Reddit will launch BST NFT Avatars Gen 3 on Polygon next week, following the success of previous releases. [More]
π USDT supply reaches $80 billion, the highest level before the LUNA T5/2022 crash. [More]
π "The use of CBDCs will be a driving force for more people to use blockchain," according to Citi Research. [More]
π Japan passes the Web3 White Paper, promoting the growth of the crypto industry. [More]
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π₯π₯ Market Brief Monday - 10/04 π₯π₯π With just over 2 days to go until the Shanghai (Shapella) upgrade, the market is hesitant - will it sell the news? [More]
π The Arbitrum community is voting to return 700M ARB to the DAO Treasury in an effort to restore trust in governance [More]
π EOS blockchain is ready to launch the EVM mainnet on April 14th [More]
π Lawyer Jeremy Hogan argues that XRP is not a security [More]
π Financial giants such as Bank of America, BlackRock, Fidelity, invest $75M in MicroStrategy, indirectly showing their faith in Bitcoin? [More]
π The Bank of England forms a team of 30 members to develop Britcoin - a digital pound [More]
π Tensions in Taiwan: China conducts missile drills; French President calls on Europe not to get involved in Taiwan issue [More]
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π₯π₯Market Briefing Thursday - 20/04 π₯π₯π BTC closes the day below $29,000; Altcoins are in the red [More]
π Sui has selected 180K users who meet the WL criteria, scheduled for mainnet launch and token unlock on 3/5/2023 [More]
π Tesla did not sell any Bitcoin in Q1/2023, and still holds $184M worth of crypto assets (including 9,720 BTC) [More]
π Sei partners with SpaceID, planning to launch the ***.sei domain [More]
π PancakeSwap proposes changing the CAKE tokenomics, decreasing the staking reward to set the annual inflation rate at 3%-5% and sharing 5% of revenue with those who stake CAKE (Real yield) [More]
π a16Z launches Magi Rollup Client solution on the Optimism Stack [More]
π Merit Circle DAO launches Beam - a subnet on Avalanche, an infrastructure for Web3 Gaming [More]
π AI project Fetch.ai is launching an AI trading tool for DEX exchanges [More]
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π₯π₯Market brief on Friday - 21/04 π₯π₯π Binance is being investigated in Brazil for aiding users in trading illegal futures [More]
π DOGE drops nearly 10% after Elon Musk's Starship spacecraft unexpectedly explodes [More]
π TVL on LSD platforms such as Agility, Frax, and Rocket Pool surged due to a large amount of unlocked ETH after Shapella [More]
π Arbitrum's fee revenue surpasses Bitcoin and BSC, becoming the second chain with the highest fee revenue after Ethereum [More]
π The Iron Fish secure blockchain officially launches its mainnet, offering a 2.25% airdrop to participants in the testnet [More]
π Tornado Cash (TORN) dev is held abroad awaiting trial after 8 months of detention [More]
π Bitcoin mining using nuclear energy will become popular in the US due to its low cost and environmental friendliness [More]
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π₯π₯ Market news brief Saturday - 22/04 π₯π₯π A series of "whale" wallets wake up after nearly a decade to distribute BTC to new wallets [More]
π Whitelist SUI email for OKX and Kucoin is still being sent out, note that the sender's email is [email protected] to avoid scams [More]
π Tether continues to print USDT, raising the total market cap of stablecoin to $81.4 billion, the highest since May 2022 (LUNA incident) [More]
π Layer 2 BASE (Coinbase) is expected to launch on mainnet in 2023 [More]
π Gemini Exchange (US) is planning to open an office in India, expanding its market to Asia [More]
π Aptos (APT) launches Staking delegation feature, supporting small investors to earn profits [More]
π ZigZag (ZZ) zkSync launches DEX order book on Arbitrum [More]
π Layer 1 Berachain raised $42 million in series A funding with a valuation of $420 million [More]
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π₯π₯ Market news brief on Tuesday - 25/04 π₯π₯π Whales are constantly waking up to distribute BTC and ETH to new wallets [More]
π Coinbase sues SEC to clarify rules on crypto assets [More]
π Binance launches WBETH as a new liquid staking token for users to participate in ETH staking [More]
π Binance launches AI Sensei chatbot (based on ChatGPT), supporting the community in accessing knowledge about blockchain & crypto [More]
π Binance allows Russian users to use Visa, MasterCard to trade crypto [More]
π Starting from May 8, KYC LV1 is required to use Bybit's products [More]
π Coinbase and Gemini will participate in Celsius asset auction scheduled for tomorrow at 1am, April 26 [More]
π Arbitrum will airdrop 113M ARB to DAO projects in HST today [More]
π Derivatives exchange Thetanuts Finance raised $17M from Polychain & Hyperchain Capital,β¦ [More]
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π₯π₯ Wednesday Market Briefing - 26/04 π₯π₯π Binance US cancels the $1 billion acquisition deal of Voyager due to concerns over the legal environment in the US. [More]
π LayerZero affirms that it has not yet partnered with any exchange to list tokens as the community eagerly awaits the airdrop. [More]
π Apple will remove the Bitcoin Whitepaper from the new MacOS releases. [More]
π South Korea accuses Terraform Labs co-founder Shin Hyun-seung and nine others of fraud. [More]
π ZetaChain (ZETA) launches IDO on Coinlist for validators participating in network operation. [More]
π GMX community approves proposal to use Chainlink's Oracle. [More]
π OKX guide to receive 20 SUI per account. [More]
π DeFi protocol DFlow raises $5.5 million in funding led by Framework Ventures. [More]
π Katmai, a metaverse office platform, raises $22 million in Series A funding. [More]
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π₯π₯ Market brief Thursday - 27/04 π₯π₯π The volatile price movement this morning has caused BTC to "ride the rollercoaster" [More]
π LSD platforms are growing rapidly after ShangHai, with TVL surpassing DEX for the first time in history at some point [More]
π Certik will compensate ~$2M for users affected by Merlin's rug pull - the DEX platform that CertiK has audited for safety [More]
π Circle launches CCTP mainnet - a bridge that facilitates native USDC transfer between chains, minimizing the risk of hacks [More]
π Google Cloud introduces comprehensive support for Web3 start-ups [More]
π NFT Futures DEX Tribe3 raises $2.1M ahead of the public beta launch on May 3 [More]
π Big tech companies Microsoft, Meta & Google report positive earnings but fail to boost the stock market due to concerns over First Republic Bank [More]
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π₯π₯Market brief on Friday - 28/04 π₯π₯π US GDP significantly slowed down in the first quarter, amidst high interest rates to curb economic activity. [More]
π CZ "humbly" denies rumors of being in the top 3 richest in the financial world. [More]
π SEC Chairman Gary Gensler believes that crypto companies' struggle with the SEC is like trying to call a dog a goldfish to evade the "leash" law. [More]
π FTX Japan postpones the resell process to resume exchange operations. [More]
π Trust Wallet (TWT) integrates a solution to log in to the wallet using Google, Apple, Telegram, and Discord. [More]
π Lens Protocol's Layer 3 Bonsai is renamed to Momoka, shortly after launch due to "name collision." [More]
π Fetch.ai (FET) secures $10M funding from Bitget exchange. [More]
π Argentina will use yuan to buy goods from China, instead of US dollars. [More]
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π₯π₯Market Briefing Thursday - 05/04 π₯π₯π PacWest may be the next bank to fail, with its stock plummeting 57% just 3 hours after the Fed said "the banking system is very strong" [More]
π SUI hits $2 on Binance, currently trading around $1.4, x46 from seed round and x14 from Public Sale [More]
π All users unable to cancel orders and purchase SUI at a price higher than 1.3 USDT due to system error will be compensated by OKX [More]
π Coinbase will stop offering lending services through Coinbase Borrow from May 10, the reason has not been disclosed [More]
π FTX seeks to claw back $3.9 billion in cash and crypto assets from Genesis [More]
π Former OpenSea product director convicted of insider trading with internal information to earn more than $50,000 [More]
π Bitdeer targets to raise $500 million, expand Bitcoin mining operations in Bhutan [More]
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π₯π₯Market brief Friday - 05/05 π₯π₯π 36% of the top 1,000 crypto projects did not publish any blog posts in 2023. [More]
π Bitcoin network fee revenue surpasses $3.5M thanks to the popularity of Bitcoin NFTs and BRC-20. [More]
π Coinbase stock rises 8% after reporting better-than-expected earnings, despite legal challenges. [More]
π Apple reports better-than-expected earnings due to strong iPhone sales. [More]
π Solana co-founder asserts that the project still leads in technology despite increasing competition. [More]
π Alibaba Cloud partners with Avalanche to launch the Cloudverse metaverse launchpad platform. [More]
π Big4 audit firm Deloitte uses Polkadot technology to support customer KYC processes. [More]
π ZkLink raises an additional $10M in a strategic round led by Coinbase Ventures. [More]
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π₯π₯Market Briefing Saturday - 06/05 π₯π₯π PEPE's market cap has reached $1.8 billion after being listed on Binance [More]
π CZ warns about the risks of investing in memecoins, including memecoins on Binance [More]
π The US Department of Justice is investigating whether Binance violated government sanctions by allowing Russian customers to use the exchange [More]
π The ETH Foundation wallet has been found to transfer 15K ETH ~ $30M to Kraken exchange early this morning [More]
π DEUS Finance (DEI) has been attacked for the third time, with losses of $1.3M on the BSC network and over $5M on the Arbitrum network [More]
π The White House may use temporary measures to raise the debt ceiling if the two parties fail to reach an agreement before June 1st [More]
π PacWest stock rose 81.7%, while Western Alliance stock rose 49.2%; turbulence from US banks has subsided [More]
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π₯π₯ Market Briefing Monday - 08/05 π₯π₯π BTC continued to drop sharply to $28,100 after weekly candle close, the new week started with a sea of red [More]
π PEPE decreased nearly 40% after being listed on Binance, memecoin is gradually cooling down [More]
π BRC-20 token on Bitcoin surpassed $550M market cap, fast trading caused significant pressure on the Bitcoin network [More]
π According to CryptoQuant, more than 157K BTC were withdrawn from Binance, this was just an internal adjustment of new storage wallet addresses [More]
π On May 9th, President Biden will meet with four Congressional leaders to find common ground on negotiating the US debt ceiling [More]
π Warren Buffett believes that value investors will have opportunities when the world is too focused on the short term [More]
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π₯π₯ Market brief Tuesday 09/05 π₯π₯π S&P 500 traded flat, Bitcoin plunged ahead of the CPI inflation data release tomorrow night [More]
π Bittrex filed for bankruptcy in the US, less than a month after SEC accused the exchange of violating securities laws [More]
π Everledger, an Australian blockchain company backed by Tencent, filed for bankruptcy due to a lack of operating funds [More]
π The BRC-20 Memecoin fever still dominates the Bitcoin network, continuously being listed on new CEXs: $VMPX, $PIZA, $BANK, $MEME,β¦ [More]
π Coinbase shifts focus to UAE, gradually distancing itself from the US due to legal complications [More]
π Interlay proposes a new BRC-21 token standard, used for minting and converting Bitcoin network BRC-20 tokens [More]
π Webb security company raised $7M in funding led by Polychain Capital and Lemniscap [More]
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