US Non-farm Payrolls Rise By 315,000 in August; Bitcoin Drops Below $20K
Updated: Sep 6, 2022
Daily Market Wrap
Crypto market cap: 0.98 trillion, up 0.56%
BTC price stands at USD 19,857, up 0.26%
ETH price stands at USD 1,572, up 1.10%
Top gainer: Ravencoin (RVN), up 15.99%
Top loser: EOS (EOS), down 3.75%
News of the Day
US non-farm payrolls rise by 315,000 in August; Bitcoin drops below $20K
Why it matters:
According to Investing.com, in seasonally adjusted terms, non-farm payrolls grew by 315,000 in August, slightly more than the expected 300,000 added positions
Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report
Meanwhile, the unemployment rate ticked up to 3.7% from 3.5% in August. The movement upward was largely attributable to hundreds of thousands of people entering the labor force, economists say
Crypto Daily Spotlight
Cardano’s Vasil hark fork upgrade confirmed for Sept. 22
Brief introduction: Cardano is a public blockchain platform. It is open-source and decentralized, with a proof of stake consensus. The Cardano blockchain can be used to build smart contracts, and also to create decentralized applications and protocols.
Why it matters:
After much anticipation, the Cardano Foundation has finally announced the official Vasil hard fork date confirmed for the Sept. 22
The update contains four Cardano Improvement Proposals (CIPs), including CIP-31, CIP-32, CIP-33, and CIP-40, which are designed to increase Cardano’s scaling capabilities and reduce transaction costs
“We anticipate a seamless technical transition, with no disruption for its users or a break in block production.” Research and development company Input Output said
Daily Sector Tracker
Daily News Roundup
Bill Murray’s Wallet Was Hacked for $174K After NFT Charity Auction https://bit.ly/3CV7kqJv
NFT marketplace Sudoswap Is Planning to Airdrop its Governance Tokens SUDO https://bit.ly/3wSingy
Georgia’s Government Follows EU’s Crypto Regulation Lead And Hopes To Become a ‘Hub’ For The Global Industry https://bit.ly/3BcawgD
Former Binance Labs Head Bill Qian Joins Cypher Capital as Chairman https://bit.ly/3RDdGPT
Vitalik Believes Crypto Will Be as Volatile as Gold in The Future https://bit.ly/3RdaoTn
About Aspen Digital
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021. For more information, please visit https://www.aspendigital.co/
Sign Up on Aspen Digital
If you would like to know more, please sign up here.