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Cryptocurrencies

“Bitcoin fails to rally with stocks as $940 million of the crypto is pulled from exchange favored by institutions”

“On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among crypto exchanges since crypto’s big crash in June of this year and the second-largest of all… Continue Reading…

Economy

“Job openings top 11.2 million in July, well above estimate and nearly double the available workers”

“There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday. Available positions totaled 11.24 million for the month, well… Continue Reading…

Cryptocurrencies

“Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether”

“New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the… Continue Reading…

Economy

“Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years”

“The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and… Continue Reading…

Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…

Cryptocurrencies

“$100 million worth of crypto has been stolen in another major hack”

“Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance… It follows a series of notable attacks on other blockchain bridges. The Ronin Network, which supports… Continue Reading…

Economy

“A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million”

“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549… Continue Reading…

Energy

“U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices”

“The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country…” https://www.cnbc.com/2022/03/31/us-to-release-1-million-barrels-of-oil-per-day-from-reserves-to-help-cut-gas-prices.html This is bad. If all emergency supplies… Continue Reading…

Uncategorized

“31 [Million] Americans to bet on Super Bowl, gambling group estimates”

“A record 31.5 million Americans plan to bet on this year’s Super Bowl, according to estimates released Tuesday by the gambling industry’s national trade group. The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s… Continue Reading…

Cryptocurrencies

“More than $320 million stolen in latest apparent crypto hack”

“One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and it is the largest attack to date… Continue Reading…