US Unemployment Data
Initial jobless claims in the US for the week ending September 13 came in at 231,000, below the expected 240,000. Continuing claims were 1.92 million, below market expectations. The four-week average was 240,000.
Bank of England Interest Rate Decision
The Bank of England kept its policy rate unchanged at 4.00%. The decision, in line with market expectations, was taken by a vote of 7 to 2. Although two members voted for a rate cut, the majority supported maintaining economic conditions at their current level.
Fed Chair Uncertainty in the US
White House economic adviser Hassett declined to comment on when the Fed chair nominee would be announced. Hassett also said that inflation over the last three months was more serious than anticipated but that non-inflationary growth had begun.
Bhutan Kingdom’s BTC Transfer
According to Onchain Lens, the Bhutan government transferred 343.1 BTC (≈$40 million) to a new wallet. It is known that in the past, similar transfers were followed by funds being transferred to centralized exchanges, raising the possibility of a sale.
Nvidia – Intel Partnership
Nvidia announced that it will invest $5 billion in Intel to support the struggling American chip manufacturing facility. Under the agreement, the two companies will jointly develop PC and data center chips. This move could pose a long-term risk to TSMC (Taiwan Semiconductor), currently Nvidia’s strongest manufacturing partner. Additionally, AMD’s position, which competes with Intel in the data center market, may weaken.
Ethereum Whales in Profit
According to CryptoQuant data, unrealized profits for whales holding 10,000–100,000 ETH have reached their peak levels from November 2021. This indicates that whales are holding significant “paper profits.” Historical data shows that at these levels, selling pressure typically increases.
New Proposal from Curve Finance
Curve Finance has put the “Yield Basis” system, which envisions direct revenue sharing with CRV holders, up for a vote. This proposal aims to make CRV a sustainable, yield-generating asset instead of one-time incentives. Voting will continue until September 24.
USDC Burn
According to Whale Alert, the USDC Treasury burned approximately $70 million USDC on the Ethereum chain. This transaction will lead to a reduction in the circulating supply.
Stellar – Circle Partnership
Stellar announced that the CCTP V2 protocol will be launched soon. This upgrade will make USDC transfers within the Stellar ecosystem more efficient.
Caliber Purchases LINK
Nasdaq-listed Caliber (CWD) purchased 278,011 LINK at an average price of $23.38. This brings the company’s total LINK holdings to $6.7 million. Caliber plans to continue purchases as part of its digital asset treasury strategy.
Bitcoin Treasury Corporation Listed on US OTC Markets
Canada-based Bitcoin Treasury Corporation began trading on the US over-the-counter securities market OTC Markets under the ticker symbol “BTCFF.” This step will allow US investors to view the company’s financial reports and real-time quotes. This development could enable Bitcoin-focused treasury companies to reach a broader investor base in the US.
Thumzup Media Buys 7.5 Million DOGE
According to Donald Trump Jr., Nasdaq-listed Thumzup Media Corporation spent approximately $2 million to purchase 7,500,000 DOGE. The company announced that it has added Dogecoin to its strategic reserves. This move aims to strengthen the company’s presence in the cryptocurrency space.
