U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls
The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.
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BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Bitcoin Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie’s analysts said.
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market
Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain.
Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency
The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.
Pepe Coin Shorters Lose Millions as PEPE Jumps to $900M Valuation
The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.
First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Arbitrum-Based Exchange Chronos Attracts $170M to Yield Pools in a Single Day
The price of the DEX’s native chr token jumped 25% in 24 hours.