Author: James Wilson

Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Summary Goolsbee called inflation the economy’s biggest problem, while describing the labor market as stable but weak. The Fed held rates at 3.50%–3.75% in July, with three officials backing a 25-basis-point increase. Economists expect July headline and core CPI to slow to 3.4% and 2.5%, respectively. Bitcoin fell into the low-$63,000 range as oil prices and inflation concerns reduced demand for risk assets. Why Goolsbee sees inflation as the main challenge…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CT3 is preparing for the CT3GB token listing by expanding storage infrastructure, building reserves, upgrading smart contracts, and planning an independent audit. Summary CT3 is expanding storage capacity and reserves before launching its CT3GB token on public markets. CT3GB will support storage payments, infrastructure settlements, rewards, and other internal transactions across the ecosystem. An independent smart contract audit will review security, business logic, and industry standards before launch. CT3 has started comprehensive preparations for the future CT3GB token listing…

The U.S. Securities and Exchange Commission has outlined a plan to take control of the Consolidated Audit Trail, replace its funding model, and prepare a transition that could run through late 2027. Summary The SEC has ordered staff to assess direct agency control of CAT and the resources required. A proposed rule could rescind Rule 613 while retaining CAT’s infrastructure and reporting standards. Funding options include congressional appropriations and Section 31 transaction fees. The SEC expects the proposed transition to remain underway until late 2027. The SEC said in an Aug. 10 letter from Chair Paul Atkins to CAT Operating…

Aster has activated AOS-2, requiring projects to stake 1 million ASTER for four years before validators can approve a new perpetual market. Summary Applicants must stake 1 million ASTER for four years, with no early withdrawal option. Successful proposals will move to Aster’s risk team before the contract launches on T+1. Projects that fail the validator vote will receive their full ASTER stake back. AOS-3 will follow, although Aster has not disclosed its rules or launch date. AOS-2 opens Aster perpetual listings to applicants Aster said in an Aug. 11 X post that the standard replaces private listing talks with…

ENS DAO has approved and executed a governance proposal that turns the ENS Foundation into a full-time operating body with a five-seat board, a professional staff, and control over a roughly $65 million endowment. Summary ENS said the “Next Era of ENS DAO” proposal has completed on-chain execution after receiving tokenholder approval. Five voting directors will oversee the foundation, including three independent members. A one-time transfer of 1 million ENS tokens will fund employee compensation under restricted terms. ENS tokenholders retain control over protocol upgrades, fees, DAO-held tokens, and board appointments. ENS Foundation takes over daily operations According to an…

Russia’s central bank has proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges as the country prepares to open its new crypto market framework to investors. Summary Russia’s central bank has proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges under the country’s new crypto rules. Non qualified investors would be limited to 300,000 rubles in annual crypto purchases through each intermediary and must pass a risk knowledge test. Qualified investors would face no purchase limits for crypto traded on exchanges or over the counter markets, although testing requirements would still apply. The proposal follows…

Ethereum price fell 2.6% toward $1,870 on Aug. 11 after another rejection below $1,950 triggered long liquidations, while traders reduced risk ahead of the latest U.S. inflation report. Summary Ethereum price fell 2.6% toward $1,870 after buyers failed to sustain a move above $1,900. The daily RSI remains neutral at 51.63, but ETH is below three major moving averages. Liquidation clusters at $1,895 and $1,940 could amplify a recovery, while $1,857 anchors downside liquidity. Analysts identify $1,850 as the bullish invalidation level and $1,950 as the breakout threshold. Ethereum price falls below $1,900 According to data from crypto.news, Ethereum (ETH)…

Only 281 of 1,343 crypto service providers operating across the European Economic Area have secured MiCA authorization after the EU’s final transition period expired on July 1, leaving more than 1,000 firms without approval under the bloc’s licensing regime. Summary Only 281 of 1,343 EEA crypto service providers secured MiCA authorization by July 1. High or Severe risk ratings applied to 12% of unauthorized firms, compared with 2% of authorized providers. Unauthorized firms sent $5 billion directly to sanctioned counterparties, about three times the $1.7 billion recorded among authorized firms. Germany authorized 55 firms, while Poland issued no authorizations despite…

Nearly 200,000 XRP was drained from the Coreum XRPL bridge on Aug. 9 after an attacker appears to have exploited a flaw in its relayer logic, rather than a vulnerability in the XRP Ledger itself.  Summary Nearly 200,000 XRP left Coreum’s bridge in 94 signed payments during a 97 minute attack. Blockchain analysis found 17 of 28 relayer signatures authorized each XRP payout from the bridge. Relayer code processed successful payments with bridge memos without verifying the payment destination address first. XRPL documentation confirms native XRP has no trust line, contradicting the initial rippling explanation directly. Coreum had not published…

Zama has listed its native ZAMA token on Revolut across the European Economic Area, giving the privacy-focused blockchain project access to a fintech platform serving more than 70 million customers. Summary ZAMA has been listed on Revolut across the European Economic Area. The listing gives Zama access to Revolut’s more than 70 million customers, including over 15 million crypto users. Revolut users can buy and hold ZAMA in the main app or withdraw the token to a self-custody wallet. Zama uses fully homomorphic encryption to keep blockchain balances, transactions, and financial positions encrypted. The listing follows Zama’s recent confidential DeFi…