• Wealthcamp
  • Posts
  • Crypto Market Shakes as US Jobs Report Looms

Crypto Market Shakes as US Jobs Report Looms

In partnership with

100 Genius Side Hustle Ideas

Don't wait. Sign up for The Hustle to unlock our side hustle database. Unlike generic "start a blog" advice, we've curated 100 actual business ideas with real earning potential, startup costs, and time requirements. Join 1.5M professionals getting smarter about business daily and launch your next money-making venture.

In the frenetic world of crypto, all eyes are now sharply focused on Uncle Sam's upcoming jobs report as the market jitters with anticipation.

As digital currencies slip in value of late, Treasury Secretary Scott Bessent's warning about the economy edging towards recession has only added fuel to the fire. On the frontlines, Bitcoin steadies near the $106,000 mark and Ethereum hovers around $3,600, while traders brace for the potential aftershock of interest rate discussions.

Does this mean we're in for a storm or just a light drizzle of volatility?

Let's dive in!

  • Crypto prices dipped as investors brace for U.S. jobs data and Bessent's warning on rate risks. — Read More

  • AWS outage reveals crypto industry's vulnerability due to reliance on centralized infrastructure, argues for decentralized alternatives. — Read More

  • Altcoin Season Index crashes over 50% from 78 to 29, hinting at possible market bottom. — Read More

  • Venezuelan banking taps stablecoins, Milei wins big in elections. — Read More

  • Stripe teams up with Paradigm to develop 'Tempo', a new blockchain tailored for stablecoins and payment solutions. — Read More

  • Traders are dumping cryptocurrencies like Bitcoin and Ethereum for stablecoins, as reserves on Gate and Bybit highlight a shift to safety amidst volatile markets. — Read More

Institutional Bitcoin Demand Evaporates

Bitcoin ETFs see outflows as institutional demand for BTC slips below mining output.

The Silent IPO Theory: Bitcoin's Sideways Shuffle

The silent IPO theory suggests Bitcoin's stagnant price is due to market anticipation of upcoming IPOs, creating economic tension.

Bitcoin's Biggest Threat: Human Panic Over Quantum Computers

Experts warn human panic, not quantum computing, poses the biggest threat to Bitcoin.

Freename Domains Integrate with Bitcoin.com Wallet

Freename introduces domain functionality to Bitcoin.com Wallet, enhancing personal branding.

Bitcoin and Altcoins Face Significant Price Drop

Bitcoin dips below $107K as altcoins experience severe price declines with a $120B market cap loss overnight following remarks about tariffs and recessions from Trump and Bessent.

Standard Chartered CEO Foresees Blockchain Dominance in Finance

Bill Winters, CEO of Standard Chartered, expects global transactions to move to blockchain, calling it a 'complete rewiring' of finance.

Ethereum Faces Bearish Pressure as BitMine Dominates Buying

BitMine emerges as Ethereum's primary supporter amidst waning institutional interest and ETF outflows.

Gate Increases Crypto Reserves and Expands to Australia

Gate reports $11.67B in reserves with a 124% coverage ratio, also expands services to Australia.

Crypto Enthusiasm Dwindles Among U.S. Investors

U.S. investors show declining demand for BTC and ETH, impacting spot and derivatives markets.

Trump Says He Doesn't Know Binance's Changpeng Zhao

Trump denies knowing Binance's CZ despite granting him a pardon, sparking 'pay for play' allegations.

Berachain Pauses Network Amid Balancer Exploit

Berachain halts operations for an emergency hard fork due to a Balancer V2 exploit, risking $12M in funds.

Crypto and Gold Prices Fall, Bitcoin Drops Below $106K

Major cryptocurrencies fall as profit-taking drives a 5% drop, while gold stabilizes post-China policy shift.

Solana Dips Despite Heavy ETF Inflows

Solana plummets to $177, even with $199 million pouring into ETFs.

Tea-Fi's DeFi SuperApp Redefines Simplicity and Yield

Tea-Fi integrates simplicity, scalability, and sustainability, offering a seamless DeFi experience with its $TEA token ecosystem.

BNB Ownership Widely Distributed as CZ Holds Less Than 1%

Two-thirds of Binance Coin is publicly held, with CZ holding under 1%, according to YZi Labs.

Ripple's RLUSD Stablecoin Approaches $900 Million Market Cap

Ripple's RLUSD stablecoin has doubled its market cap to nearly $900 million in three months, driven by integrations and institutional use.

XRP Bulls Eye $10 with Spot ETF on Horizon

Ripple's XRP ETF may launch soon, potentially driving prices to $10 amid market optimism.

ASTER Token Spikes After CZ's Purchase

Aster token jumps 20% following a $2M purchase by Binance founder CZ who was recently pardoned by Trump.

Chainlink oracles ensure synchronized data and operations between XRP Ledger and Solana in Tundra's DeFi ecosystem.

Chainlink price has wicked below its ascending trendline support within a symmetrical triangle, hinting at potential downside if price closes below $16.50.

Microsoft and IREN Ink $9.7B AI Cloud Deal

IREN secures $9.7 billion AI cloud services deal with Microsoft under a five-year contract, highlighting AI's demand for GPU-equipped neocloud infrastructure.

HIVE Digital Expands Mining with AI Shift

HIVE Digital surges to 23 EH/s in bitcoin mining, reallocating resources to AI facilities, aiming for 25 EH/s by month's end.

Unlock Your AI's Web Browsing Potential with MCP

MCP empowers AI with real-time web access, bypassing OpenAI and Google.

November Gaming Highlights: Call of Duty and More

Call of Duty: Black Ops 7 leads November's major game releases, including a new Zelda and a Kirby racer.

The Consequences of Skipping Crypto Tax Reporting

Failing to report crypto taxes can lead to hefty fines, legal issues, and a tightening global compliance net.

Standard Chartered CEO Advocates for Hong Kong's HKD Stablecoins in Trade

Standard Chartered's Bill Winters champions HKD stablecoins as a game-changer for cross-border trade.

HKMA's Tokenization-Centric Fintech 2030 Roadmap

HKMA introduces a tokenization-first approach for its Fintech 2030 strategy, emphasizing the future role of digital assets.

Animoca Brands Pursues US Listing via Reverse Merger

Animoca Brands seeks US market entry through a reverse merger with Currenc Group, leveraging favorable pro-crypto policies to target Nasdaq.

Zerohash Secures MiCA License in the Netherlands

A16z backs crypto super PACs with $25M donation, Peirce proposes DLT sandbox collaboration between US and UK, A deeper look at Riot’s ‘hostile’ bid to take over Bitfarms, The definitive guide to chain abstraction, The investor’s guide to AI on Polkadot.

EU Considers Expanding ESMA's Crypto Oversight

European Commission plans to empower ESMA for broader crypto and stock regulation.

SEC's Final Call on Grayscale's Spot HBAR ETF

The SEC must approve or deny Grayscale’s spot HBAR ETF by Nov. 12, with no further extensions possible.

Warren Dismisses CZ's Defamation Suit Threat

Warren's lawyer challenges Binance founder CZ's defamation threat, asserting her comments on his legal issues were factually accurate.