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The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.
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.
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.
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.
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.
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.
- 15:54MetaMask officially launches stablecoin MetaMask USD (mUSD)Jinse Finance reported that crypto wallet service provider MetaMask has announced the launch of the stablecoin MetaMask USD (mUSD). According to the official introduction, this stablecoin operates on the Linea blockchain, offers fiat on-ramp services, supports MetaMask Swap and Bridge transactions, and can be used at global merchants through the MetaMask card.
- 15:54An early whale takes a 3x leveraged short position on HYPE, worth approximately $16 million.According to ChainCatcher, as reported by Lookonchain, an early HYPE whale, after making a profit of over $50 millions, has just shorted 303,901 HYPE with 3x leverage, worth approximately $16 millions.
- 15:26pump.fun streamer Bagwork leaked unreleased song by Drake and Future, profiting over $80,000ChainCatcher news, according to Decrypt, pump.fun streamer Bagwork claimed to have played unreleased songs by rappers such as Drake and Future during a livestream, causing the related meme coin market cap to soar to 53 million USD at one point, with creator revenue reaching 83,410 USD within two days. Bagwork has recently gained popularity through a series of livestream events, including storming the field at a Los Angeles Dodgers game. The total creator rewards on the pump.fun platform have reached 20 million USD this week, driving rapid growth in the "creator capital market."