24 Hrs Crypto Update, 04 Aug:Sideways Movement Dominates Crypto Market
- In the last 24 hours, CurveDAO, Shiba Inu, and OKB cryptocurrencies have all demonstrated upward movements
- The US economy added 187,000 jobs in July, showing moderate growth. Solid wage gains and lower unemployment rate indicate tight labor market conditions
Shiba and Curve DAO were trading higher, showing gains
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29108 | 0.25% |
| ETHEREUM | $1830 | 0.38% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.21 T | 0.40% |
| TRADING VOLUME | $35.10 B | 3.30% |
| Indices | LTP | Change (%) |
|---|---|---|
| Fantohm | $5.47 | 2051.52% |
| Hector Network | $3.27 | 233.66% |
| veDAO | $0.00036 | 75.07% |
| Polker | $0.0012 | 70.11% |
| Taraxa | $0.0036 | 58.79% |
| Indices | LTP | Change (%) |
|---|---|---|
| Ardana | $0.00000000082 | 100.00% |
| DOEX | $0.00010 | 73.60% |
| Jetcoin | $0.0015 | 41.48% |
| Refereum | $0.014 | 33.50% |
| MoonLana | $0.000021 | 33.02% |
In July, the US economy added 187,000 new jobs, falling short of the expected increase of 200,000, according to official data on non-farm payroll. Ahead of this data release, the cryptocurrency markets showed a mixed performance in Friday's trade. Shiba Inu and Curve DAO were trading with gains, while XRP, Litecoin, and Cardano were experiencing losses.
Major Events Around the World
On July 31, 2023, Elon Musk, the CEO of Tesla and a billionaire, called for a boycott of The New York Times due to his belief that they published an article supporting the alleged genocide of white people in South Africa. The controversy arose after Julius Malema, a South African leader, raised the chant "Kill the Boer!" during a recent rally in Johannesburg. In response to these events, Elon Musk openly asked South Africa President Cyril Ramaphosa about the concerning calls for violence against white people in South Africa. This situation has sparked heated discussions and debates surrounding the issue.
A remarkable twist of events has unfolded as the notorious hacker behind the breach of Curve Finance, a prominent Decentralized Finance (DeFi) protocol, has taken the initiative to return the stolen funds. This unexpected action represents a major step forward in the ongoing efforts to bolster the security and resilience of the DeFi ecosystem. This incident serves as a crucial moment in the continuous struggle to improve the safety measures within the DeFi space.
On Friday, US-based crypto exchange Coinbase filed a brief before the judge in the SEC lawsuit, seeking dismissal of charges. Coinbase argued that it doesn't offer investment contracts, citing support from Supreme Court rulings. This comes amid increasing pressure on US regulators to clarify crypto market laws.
COIN GABBAR Views: Will the crypto market shrink after the Unemployment claims data and US non-farm payrolls—the first of four critical data points ahead of the Fed Sept meeting and the U.K. Interest Rate Decision? Stay tuned for the latest news at www.coingabbar.com
Also read: Elon Musk's Plan to Launch Stock and Crypto Trading Platform Denied
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
