The Fed cut its key rate to 5% - a reduction of 0.5 percentage points
Job growth has slowed and unemployment has risen. The regulator has gained greater confidence in the sustainable movement of inflation towards the 2% target. Economic activity and inflation are now in rough balance. Previous rate: 5.5% Forecast: 5.25% Total: 5.0%
LayerZero Launches Developer Program with Tier 1-2 Investors to Support New Applications on LayerZero Partners include lzCatalyst, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures and Spartan. Funds have the ability to invest up to $300 million. Projects that receive significant investment from one partner fund or participation from 2+ partner funds in a given round will be eligible to receive additional strategic capital directly from the LayerZero fund.
Funki is the first entertainment L2 focused on online gaming and social experiments. Current partners include Optimism, Altlayer, Halliday, Relay, Socket, Hyperlane, Sipher, YGG and others.
Russian authorities have formed a focus group to conduct an experiment with cryptocurrency
Russian authorities have formed a focus group to conduct an experiment with cryptocurrency under the experimental legal regime (ELR), which will legalize payment for foreign trade activities in cryptocurrency. The group included members of the Chamber of Commerce and Industry of Russia (CCI) and the Association of Electronics Developers and Manufacturers (ARPE), as well as some banks.
Binance: âWe have identified a global malware issue
Binance: âWe have identified a global malware issue that changes withdrawal addresses during the transaction process. Be careful with installed plugins and apps, especially on Android and web apps, and be vigilant on iOS. Our Binance security team is monitoring this issue and actively blacklisting suspicious addresses."
Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has appealed his conviction, arguing that the judge who sentenced him for allegedly orchestrating a massive fraud scheme to steal $8 billion from customers was biased.
Binance Announces 59th Project on Binance Launchpool â Catizen (CATI)
Users will be able to lock their BNB and FDUSD to receive CATI Airdrops for 4 days, with farming starting on September 16th at 03:00 UTC. Binance will then list CATI on September 20th at 1:00 PM UTC.
The vote, which took place on Tuesday, was overwhelmingly supported, but only 0.08% of eligible voters of Starknet's native token, STRK, participated. A new mechanism in Starknet means that anyone holding more than 20,000 STRK will be able to stake it starting in the fourth quarter of this year.
SEC Announces eToro USA LLC Agrees to Pay $1.5 Million
The SEC announced that eToro USA LLC has agreed to pay $1.5 million to settle charges that it acted as an unregistered broker and an unregistered clearinghouse in connection with its trading platform that allowed the buying and selling of certain crypto assets as securities.
US consumer price index falls to lowest level since February 2021 in August
The U.S. consumer price index (CPI) for August, not adjusted for seasonal fluctuations, recorded an annual rate of 2.5%, according to BlockBeats. This is the fifth consecutive month of decline and the lowest level since February 2021. The figure was below market expectations, which had expected a figure of 2.6%.