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SpringX Announces 10 Selected Projects for SpringX Move Accelerator
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Fed meeting minutes: Most participants favor rate cut in September According to the PANews report on August 22, the minutes of the Federal Reserve meeting released on Wednesday showed that at the meeting held on July 30-31, "the vast majority of participants" believed that if the data continued to be close to expectations, it would be appropriate to ease policy at the next meeting. They also pointed out that "many" Federal Reserve officials believed that the stance of interest rates was restrictive, and "some participants" believed that with the continued easing of inflationary pressures, keeping interest rates unchanged would mean that monetary policy would increasingly weigh on economic activity. The minutes also showed that although all Federal Reserve officials agreed to keep interest rates stable in July, "a few" policymakers said that the rise in the unemployment rate and the progress made in lowering inflation "provided a reasonable justification for lowering the target range by 25 basis points at this meeting, or they might have voted for a rate cut." The vast majority said that if economic data continued to meet expectations, a rate cut at the next meeting would likely be appropriate. Regarding the inflation outlook, the participants judged that the recent data had strengthened their confidence in inflation continuing to move towards 2%. Almost all participants believed that the factors that had led to the recent easing of inflation were likely to continue to exert downward pressure on inflation in the coming months. $BTC $ETH $BNB
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Aave: Aave V3 is live on ZKsync Era mainnet According to official information, the DeFi protocol Aave has announced that Aave V3 has been launched on the mainnet supported by ZKsync Era. It is reported that the launch of Aave V3 on the ZKsync Era is expected to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. $BTC $ETH $BNB
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In the past 24 hours, the total network contract liquidation was 83.5135 million US dollars PANews reported on August 21 that according to Coinglass data, the cryptocurrency market saw a total of $83.51 million in contract liquidations over the past 24 hours, including $46.72 million in long liquidations and $36.78 million in short liquidations. The total liquidation amount for BTC was $23.03 million, and the total liquidation amount for ETH was $20.71 million. $BTC $ETH $BNB
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Federal Reserve mouthpiece: U.S. employment level revised by 0.5%, the largest since 2009 According to Odaily, after the revised data on US non-farm payrolls for March was released, "Fed mouthpiece" Nick Timiraos commented on social media that the data shows US employment growth was not as strong as previously reported each month. Over the 12 months ending in March, the US added 818,000 fewer jobs than previously reported, reducing the average monthly employment increase (previously 246,000) by 68,000 per month, with the specific monthly revisions to be officially published in February 2025. In addition to the total number, this report's revision to the employment level was 0.5%, the largest since 2009. $BTC $ETH $BNB
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Fed spokesperson: U.S. job growth is indeed not as strong as previously reported On August 21, after the release of revised non-farm payroll data for March in the United States, Nick Timiraos, a Wall Street Journal reporter known as the "mouthpiece of the Federal Reserve," stated on social media that the U.S. employment growth was not as strong as previously reported each month. Over the 12-month period ending in March, the United States added 818,000 fewer jobs than previously reported, reducing the average monthly employment figure (previously 246,000) by 68,000 per month, with the specific monthly revisions to be officially published in February 2025. In addition to the total number, this report's revision to the employment level was 0.5%, the largest since 2009. $BTC $ETH $BNB
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