1. The U.S. unemployment rate was 4.2% in August
The U.S. unemployment rate in August was 4.2%, which was expected to be 4.2% and the previous value was 4.3%, hitting a new low since June this year, and the first decline after rising for four consecutive months. The seasonally adjusted non-farm payrolls in the United States in August were 142,000, which was expected to be 164,000.
2. CZ is banned from participating in Binance management for life but still retains the rights of a major shareholder
Richard Teng, CEO of Binance, confirmed that CZ will be banned from running Binance for life. But on the other hand, Richard Teng said that CZ is obviously the largest shareholder and will retain all shareholder rights. As a shareholder, he will pay attention to the performance of the company. If things do not meet his expectations, as an investor, he always has the right to replace, nominate a new board of directors or a new CEO. Earlier reports were that the Department of Justice asked CZ to be banned from participating in the company's operations for three years.
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3. 88 business leaders from the U.S. industry support Harris in a new letter
Signatories include former 21st Century Fox CEO James Murdoch, Ripple co-founder Chris Larsen, Snap chairman Michael Lynton, etc. 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. The three-page list also includes a group of long-term Democratic political donors and some well-known people in Silicon Valley.
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4. Telegram CEO responded to the French arrest and said he was ready to withdraw from markets that are incompatible with its platform principles
"If we cannot agree with regulators in a country on the balance between privacy and security, we are ready to leave the country. We have done this many times," Durov stressed. He mentioned Russia and Iran as examples. "We are ready to leave markets that are incompatible with our principles because we are not in it for money. Our motivation is to bring benefits to people and defend fundamental rights, especially where these rights are violated." Last month, Durov was arrested at the Paris airport and accused of assisting in the distribution of child pornography and drug trafficking. He has been released by the French authorities, but he needs to be under judicial supervision and remain in France for the time being.
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5. Japan's three major banks will pilot a stablecoin platform
Japan's three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank, will pilot a stablecoin platform aimed at providing faster international settlements for businesses. The initiative, called Project Pax, will be run by blockchain companies such as Progmat, Datachain and TOKI, and more banks around the world are expected to participate.
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6. Vitalik: No longer investing in L2 or other token projects in the future, only supporting valuable projects through donations
Vitalik responded to his tweet on August 31, “Ethereum has never been sold for personal profit since 2018,” saying, “The above also applies to L2 tokens or other project tokens I hold. All proceeds will be donated and used again to support public goods within the Ethereum ecosystem or broader charities. I also do not plan to invest in L2 or other token projects in the foreseeable future. My goal in funding projects is to support things I think are valuable, especially when other parts of the ecosystem may undervalue them. Going forward, I plan to do this only through donations.”
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