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The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.
XRP price trades near $3.03, with whales adding $758 million worth of tokens. A breakout above $3.29 remains critical for triggering the next rally.
Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
- 04:56Kazuo Ueda: The Bank of Japan can currently only estimate the neutral interest rate within a relatively wide range.Jinse Finance reported that Bank of Japan Governor Kazuo Ueda stated that currently, the neutral interest rate level can only be estimated within a relatively wide range. The market generally expects the central bank to raise interest rates again this month, bringing rates closer to the neutral level. "Regarding the neutral interest rate, unfortunately, at present we can only estimate it within a fairly broad range," Ueda said in parliament on Thursday. "We do not know its precise level, but how much the nominal interest rate will eventually rise and what level is appropriate will depend on this. I want to emphasize that there is a certain degree of uncertainty involved." Ueda added that the Bank of Japan is trying to narrow the estimated range of the neutral interest rate, and if successful, will announce it to the public. The Bank of Japan previously released a research report stating that the neutral interest rate is roughly between 1% and 2.5%.
- 04:38Data: The current Crypto Fear & Greed Index is 27, indicating a state of fear.ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear & Greed Index is 27, up 0 points from yesterday. The 7-day average is 25, and the 30-day average is 19.
- 04:30Putin's economic advisor calls for inclusion of cryptocurrencies in Russia's national trade ledgerChainCatcher news, according to reports from Vedomosti and RBC, Maxim Oreshkin, economic adviser to the Russian president, stated that cryptocurrencies should be included in the country's balance of payments, and described bitcoin mining as an "undervalued export project." He pointed out that Russian companies have already invested over $1.3 billion in mining infrastructure and are conducting import and export settlements through cryptocurrencies, which has a real impact on the foreign exchange market. The Russian government is gradually promoting the inclusion of crypto trading within a regulatory framework to address foreign trade needs under the context of sanctions.