U.S. NFP
*July revised lower by 25K from 114K to 89K
*June revised lower by 61K from 179K to 118K
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The U.S. unemployment rate for August was recorded at 4.2%, down from the previous value of 4.3%, marking the lowest since June this year and the first decline after four consecutive months of increases. The seasonally adjusted non-farm payrolls for August recorded 142,000, below the expected 164,000.
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The second largest offshore exchange OKX announced that it will launch three memecoin futures on September 6, 2024, namely NEIROETHUSDT, BRETTUSDT, and CATUSDT perpetual contracts. Neiro is a Shiba Inu memecoin on Ethereum, Brett is a comic character memecoin on the Base chain, and CAT is a cat-themed memecoin issued on the BNBChain. — link
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Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. Binance Kazakhstan will be authorized to operate a virtual assets trading facility, offering a range of virtual assets-related services. — link
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Ripple co-founder Chris Larsen and 88 other business leaders signed a joint letter supporting Vice President Kamala Harris for president. Ripple is one of the few companies in the cryptocurrency field that supports Harris instead of Trump. Ripple CEO previously stated that no matter who is elected, Gensler will not continue to serve as SEC chairman. — link
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Since the ETFs' introduction, the average 5% market depth for ETH pairs on U.S.-based centralized exchanges has declined by 20% to roughly $14 million. On offshore centralized venues, it's dropped by 19% to around $10 million. It's actually now easier to move the spot price by 5% in either direction, a sign of reduced liquidity and increased sensitivity to large orders. — link
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Telegram updates rules to enable moderation of private chats following CEO Pavel Durov's arrest in France for failing to control illegal content. - Coindesk
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US spot Bitcoin ETFs saw $211 million in outflows, extending streak of negative flows — link | tl;dr
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All Telegram chats and group chats are private amongst their participants: Telegram FAQ
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Breaking: Binance CEO Richard Teng confirmed to Axios that Binance has barred former CEO Changpeng Zhao for life from running the company (Binance), but he will still have a powerful say in the company as its majority shareholder. — link
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Regarding the question “There's illegal content on Telegram. How do I take it down?”, the Telegram FAQ page today deleted the content “All Telegram chats and group chats are private amongst their participants. We do not process any requests related to them.” and added “Users from the EU are welcome to study the User Guidance for the EU Digital Services Act for the relevant reporting options.” — link
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Trump reiterated on Thursday that if he is re-elected president, he will make the United States the world's cryptocurrency capital and embrace "future industries" such as cryptocurrency and artificial intelligence. Trump also said he would adopt Musk's suggestion to set up a government efficiency committee. — link
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Bloomberg's Unemployment Rate Forecast: @infinityhedge
⊷U.S. JOBS DATA DUE FOR SEPT. 6
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TRADERS BOOST BETS THE FED WILL START REDUCING RATES WITH A HALF-POINT RATE CUT THIS MONTH
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Venezuelan opposition leader María Corina Machado calls Bitcoin a "lifeline" for citizens battling hyperinflation under Chávez and Maduro regimes. - Bitcoinmagazine
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Kansas City Federal Reserve warn crypto bank Custodia's legal fight threatens US banking system, urging court to reject its claims. - DL News
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Japan's three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank, will pilot a stablecoin platform to provide faster international settlements for businesses. The program, called Project Pax, will be operated by blockchain companies such as Progmat, Datachain and TOKI, and more banks around the world are expected to participate. — link
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Sept. 6 Options Data
14,000 BTC options are about to expire with a Put Call Ratio of 0.81, a Maxpain point of $59,000 and a notional value of $760 million.
125,000 ETH options are about to expire with a Put Call Ratio of 0.63, a Maxpain point of $2,500 and a notional value of $290 million. — link
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Ethereum Foundation to release financial report, holds roughly $650 million in main wallet: Justin Drake — link | tl;dr
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Allan Lichtman predicts Kamala Harris will be the next president of the United States
*Since 1984, he has accurately forecasted the outcomes of 9 out of 10 elections using his "Keys to the White House" model.
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Bitcoin spot ETF had a total net outflow of $211 million on September 5, and continued net outflow for 7 consecutive days. Grayscale ETF GBTC had an outflow of $23.2175 million. Fidelity FBTC had an outflow of up to $149 million. Bitwise BITB had an outflow of $30 million. The current total net asset value of Bitcoin spot ETF is $50.727 billion. — link
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Vitalik: All L2 tokens or other project tokens I hold will be donated to support public goods within the ethereum ecosystem or broader charity. I also do not intend to invest into L2s or other token projects in the foreseeable future. My goal with giving projects money is to support things that I think are valuable, especially in cases where other parts of the ecosystem might undervalue them. — link
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Telegram founder Pavel Durov spoke for the first time through the Telegram platform after being detained in France. He denied the reasons for his arrest and said he was ready to withdraw from markets that were incompatible with Telegram's principle of protecting privacy. He mentioned Russia and Iran as examples. — link
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According to Bitcoin Magazine, Venezuelan opposition leader María Corina Machado called Bitcoin a "lifeline" for Venezuelans and a way to circumvent the government-controlled exchange rate. She proposed including Bitcoin in Venezuela's future national reserves. — link
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JUST IN: 🇺🇸 Donald Trump says “instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and #Bitcoin.” 🧐
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