News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
This week’s crypto news includes Nvidia earnings, $10 million HUMA token unlock, HeyAnon protocol upgrade, and THORChain’s major update. These events could impact token prices.
AAVE price dipped from $385 to $339 on WLFI rumors but quickly rebounded. Shrinking exchange reserves, fresh whale accumulation, and strong cost-basis clusters show resilience, keeping $430 as the next bullish target.
Saros (SAROS) saw a 70% price drop on August 24, briefly erasing months of gains. Despite a recovery, market sentiment remains bearish, raising concerns about stability.
- 13:39The Dow Jones, Nasdaq, and S&P 500 indices all opened higher.ChainCatcher news, according to Golden Ten Data, on August 28 (Thursday), the Dow Jones Index opened up by 36.26 points, an increase of 0.08%, at 45,601.49 points; the Nasdaq Composite Index opened up by 80.18 points, an increase of 0.37%, at 21,670.32 points; and the S&P 500 Index opened up by 13.2 points, an increase of 0.2%, at 6,494.6 points.
- 13:38Matthew Tabbiner Appointed as CEO of Layer 1 Network StableJinse Finance reported that Layer 1 blockchain network Stable today announced the appointment of several senior executives, including Matthew Tabbiner as Chief Executive Officer, Sam Kazemian as Chief Technology Officer, Brian Mehler as Chief Financial Officer, and Thibault Reichelt as Chief Operating Officer. The team has extensive experience in blockchain infrastructure, finance, and operations, which will accelerate Stable's development into the core payment layer for Tether applications.
- 13:32Arx Veritas and Blubird tokenize $32 billion worth of carbon reduction assets using blockchain technologyChainCatcher news, according to Cointelegraph, the wealth tokenization platform Arx Veritas and infrastructure company Blubird have completed the tokenization of carbon reduction assets (ERA) worth $32 billion through blockchain technology, equivalent to preventing 394 million tons of carbon dioxide emissions, setting a record in the digital asset tokenization industry. The tokenized assets include sealed oil wells and coal mines, achieving carbon reduction by preventing coal mining, transportation, combustion, and the emission of pollutants from abandoned oil wells. This reduction is equivalent to the carbon emissions of 395 million round-trip flights between New York and London, or 986 billion miles driven by cars. Blubird stated that institutional demand for ESG-compliant tokenized assets is strong, with negotiations underway for transactions exceeding $500 million and a major institutional purchase about to be completed. This collaboration aims to establish new financing and tracking standards for sustainable finance.