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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: 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.
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.
Prop AMMs like SolFi, HumidFi and Obric are taking over liquid capital markets
- 02:23An Investor Loses Approximately $1.54 Million Due to Signing EIP-7702 Phishing Batch TransactionsAccording to a report by Jinse Finance, crypto anti-fraud monitoring provider Scam Sniffer has detected that an investor lost approximately $1.54 million due to signing a batch transaction phishing attack related to EIP-7702. Scam Sniffer stated that multiple similar cases targeting EIP-7702 upgrade addresses have been identified and warned users to be vigilant against batch transfer phishing attacks aimed at EIP-7702 upgrade addresses.
- 02:12MovaChain Secures $100 Million Valuation in Strategic Investment, Co-led by Aqua1 Foundation and UAE's GeoNova CapitalChainCatcher reports that on August 23, MovaChain, a modular blockchain platform designed for global payment scenarios, announced the completion of its strategic financing round, bringing its post-investment valuation to $100 million. This round was co-led by the Aqua1 Foundation and UAE-based GeoNova Capital, with participation from other top financial institutions in Abu Dhabi. The Aqua1 Foundation is a leading UAE Web3 investment fund focused on blockchain infrastructure, financial protocols, and real-world asset tokenization. It previously drew significant attention for investing $100 million in World Liberty Financial, a crypto platform backed by the Trump family. GeoNova Capital, on the other hand, is a fund jointly established by Standard Chartered Bank, several UAE institutions, and family offices. It specializes in high-growth sectors with a hands-on investment approach, collaborates extensively with sovereign wealth funds, family offices, and private equity, and is committed to long-term value creation through deep engagement. This financing will help MovaChain advance its three core strategic priorities: building modular, high-performance infrastructure to meet institutional-grade application needs worldwide; expanding its global payment network and stablecoin settlement solutions to enable multi-dimensional payment channels; and accelerating ecosystem development through global collaboration with governments, financial institutions, enterprises, and developers. Stephen Wong, Co-founder of Mova, stated: “Earning the recognition of the UAE’s most strategically minded investment institutions is a strong endorsement of our efforts to build institutional-grade, scalable blockchain infrastructure for global payment scenarios.” With its modular architecture, high performance, and global payment capabilities, MovaChain is redefining Web3 infrastructure and building a trusted foundation for the next generation digital economy.
- 02:12Data: The "$125,000 Perpetual Trader" ETH Long Position Has Yielded $4.78 Million in Unrealized ProfitsAccording to ChainCatcher, as monitored by @ai_9684xtpa, following this morning’s ETH surge, the trader known for “making a fortune and then suffering heavy losses after rolling over $125,000” now has an unrealized profit of $4.78 million on a 15x leveraged ETH long position. The position is currently being rolled over, holding 25,108.32 ETH (approximately $120 million), with an entry price of $4,590 and a closing price of $4,670.3.