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LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger
LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger

The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.

BeInCrypto·2025/08/24 03:00
XRP Price Rally Hinges on Breaking This Key Resistance Zone
XRP Price Rally Hinges on Breaking This Key Resistance Zone

XRP price trades near $3.03, with whales adding $758 million worth of tokens. A breakout above $3.29 remains critical for triggering the next rally.

BeInCrypto·2025/08/24 02:30
Powell takes on big test to cut rates without losing Fed independence
Powell takes on big test to cut rates without losing Fed independence

Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.

Cryptopolitan·2025/08/24 02:15
SpaceX to launch Starship despite back-to-back losses
SpaceX to launch Starship despite back-to-back losses

Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.

Cryptopolitan·2025/08/24 02:15
BLS credibility hit pushes Wall Street deeper into private data
BLS credibility hit pushes Wall Street deeper into private data

Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.

Cryptopolitan·2025/08/24 02:15
US debt could hit 250% of GDP without spiking rates, Fed paper says
US debt could hit 250% of GDP without spiking rates, Fed paper says

Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.

Cryptopolitan·2025/08/24 02:15
Flash
16:44
Cryptocurrency liquidations reach $412 million in the past 24 hours
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached 412 million US dollars, with long positions being liquidated for 273 million US dollars and short positions for 138 million US dollars. (Cointelegraph)
16:39
The Dutch government states: The European Union has a five-month supply and production capacity of aviation fuel.
The Dutch government stated in a letter to parliament that, due to most imports having ceased, the current domestic supply of aviation kerosene (i.e., jet fuel) stands at 78% of normal levels. Notably, several of Europe's largest refineries are located in the Port of Rotterdam in the Netherlands. Affected by the Iran war, several European airlines had previously warned that jet fuel shortages could occur within a few weeks.
16:17
Two-year German bond yield rises by 5 basis points
The 2-year German bond yield rose by 5.0 basis points to 2.459%, trading in a daily range between 2.437% and 2.484%; the 30-year German bond yield increased by 0.4 basis points to 3.545%. The 2/10-year German bond yield spread fell by 2.850 basis points to +51.975 basis points, plunging to a new daily low of +37.261 basis points at 14:27 (UTC+8), before rebounding to +52.00 basis points and continuing to trade near this level.
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