US Stocks Rise as Monthly Jobs Report Eases Some Concerns Over a Hawkish Fed

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Today's News

In today's headlines, we see a continued focus on the job market in the US as well as developments in Europe's energy crisis. We also see some news on the cryptocurrency front, with interview with Vitalik Buterin and updates on Bitcoin's price.

Outline

The US stock market rises as the monthly jobs report eases some concerns over a hawkish Fed. However, stocks turn negative as markets digest job gains and new uncertainty in Europe's energy crisis.
Freedom Convoy Canada has their court case asking to unfreeze cash.
An interview with Vitalik Buterin.
Crypto.com pulls out of their Uefa Champions League deal.
Could Elon Musk's 'Halloween Surprise' somehow involve Bitcoin?
589 Trillion reasons Shiba Inu won't reach $1 (for now).
Bitcoin holds above $20,000; Polygon & Ethereum rise up to 5%.
Why more women should work in Bitcoin.
Much Crypto Data is 'Fake'- groundbreaking study issues dire warning as price of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, and Dogecoin crash.
'An Important Milestone'- Bitcoin and Crypto Giant Binance reveals Ethereum price game-changer ahead of major upgrade.
Labor day relief.
'Pharma Bro' Shkreli plots post-jail NYC return- seeks home in 'dope building with sick views'.
Guetto Institute creates new futures for black Brazilians through tech.
Heartburn pains after digesting market gains.
BlackRock to use Kraken subsidiary for crypto offering.
US job growth slowed in August; Bitcoin gains.
Market Wrap: Bitcoin trades down after initial push higher.
As 10,000 long-dormant Bitcoins finally trade, observers wonder what's up.
First Mover Americas: Bitcoin inches up after report shows slowing US jobs growth.
Bitcoin's price may crash after Ethereum's 'Merge,' researcher says.
Bitcoin, Ether consolidate as traders eye US jobs report to gauge next Fed rate hike.
Derivative volumes of Ether surpass Bitcoin ahead of merge, here's why.
First Mover Asia: The Michael Saylor tax case and what it means; Bitcoin wrestles with $20K.
Designer drug markets get boost from Crypto.
Australian CBDC research project could provide crypto clarity, legal expert says.
Crypto investor BnkToTheFuture agrees to buy Salt to add crypto lending.
TradFi investors will love Ethereum's merge.
Why crypto winter hasn't dulled the passion for web3 sex work.

US stocks rise as monthly jobs report eases some concerns over a hawkish Fed

The addition of 315,000 jobs last month was mostly in line with economists' expectations.

US stocks turn negative as markets digest job gains and new uncertainty in Europe's energy crisis

As investors digested the latest payroll numbers from August, Gazprom said it would delay the restart of the Nord Stream 1 gas pipeline.

Freedom Convoy Canada: Court asked to unfreeze cash

Organizers of the Freedom Convoy protests in Ottawa have asked a court to unfreeze $450,000 in donations they received so they can pay for lawyers to represent them at an upcoming public inquiry into the Emergencies Act.

Interview: Vitalik Buterin

In which we talk about the big shifts in crypto.

Crypto.com pulls out of Uefa Champions League deal

The cryptocurrency exchange site had been lined up by Uefa to replace Gazprom as a sponsor.

Could Elon Musk's 'Halloween Surprise' Somehow Involve Bitcoin?

Elon Musk has promised something special for Halloween this year, which also happens to be the 14th anniversary of the original Bitcoin white paper.

589 Trillion Reasons Shiba Inu Won't Reach $1 (for Now)

The basic math simply doesn't support more blockbuster price gains for Shiba Inu investors.

Bitcoin holds above $20,000; Polygon & Ethereum rise up to 5%

Crypto lender Celsius Network, which is into bankruptcy proceedings, filed to return custody holders' funds to them, ahead of a separate hearing to address ongoing questions about its efforts to restructure and relaunch its operations. The distribution of fun…

Why More Women Should Work In Bitcoin

How can we get more women working in Bitcoin? Answer by Haley Berkoe, Program Manager at Square.

Much Crypto Data Is ‘Fake’— Groundbreaking Study Issues Dire Warning As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, And Dogecoin Crash

Crypto numbers you see every day aren’t as real as you might think. Meanwhile, the crypto bleed-out continues with the price of bitcoin, ethereum, BNB, XRP, solana, cardano, shiba inu, and dogecoin in the red.

‘An Important Milestone’—Bitcoin And Crypto Giant Binance Reveals Ethereum Price Game-Changer Ahead Of Major Upgrade

Binance, the world's largest crypto exchange by volume, has revealed it's expanding its fee-free trading to include ethereum in the run-up to and aftermath of ethereum's merge upgrade...

Labor Day Relief

Markets are on pace for a third consecutive week of losses and this week in particular has been brutal.

‘Pharma Bro’ Shkreli Plots Post-Jail NYC Return—Seeks Home In ‘Dope Building With Sick Views’

The notorious investor is reemerging from his prison sentence and back on social media.

Guetto Institute Creates New Futures For Black Brazilians Through Tech

The non-profit organization focuses on enabling a brighter future for black Brazilians through access to cutting-edge tech.

Heartburn Pains After Digesting Market Gains

After gorging on +9% gains in the stock market (S&P 500 index) during July, investors suffered some heartburn pain in August (-4%).

BlackRock to Use Kraken Subsidiary for Crypto Offering

The moves come just after BlackRock launched a private bitcoin trust.

US Job Growth Slowed in August; Bitcoin Gains

The report is one of the last major economic data points that the Federal Reserve will see before its September monetary-policy meeting.

Market Wrap: Bitcoin Trades Down After Initial Push Higher

The price settled below $20,000 as investors digested the August jobs report. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

As 10,000 Long-Dormant Bitcoins Finally Trade, Observers Wonder What's Up

Blockchain data shows some 5,000 BTC moving despite prices well off the all-time high. One analyst said the wallet might be related to the crypto exchange Kraken, but it’s not clear how.

First Mover Americas: Bitcoin Inches Up After Report Shows Slowing US Jobs Growth

The latest price moves in bitcoin (BTC) and crypto markets in context for September 2, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin's Price May Crash After Ethereum's 'Merge,' Researcher Says

Artist and independent Kyle McDonald said on CoinDesk TV’s “First Mover,” the possibility Ethereum’s Merge will reduce energy costs by 99.95% is “highly realistic.”

Bitcoin, Ether Consolidate as Traders Eye U.S. Jobs Report to Gauge Next Fed Rate Hike

Instead of looking to the broader rate path, or the terminal rate, markets are back to trading the September 2021 FOMC odds - whether they will hike 50 or 75 basis points, one trading firm said.

Derivative Volumes of Ether Surpass Bitcoin Ahead of Merge, Here's Why

Traders are increasingly deploying two strategies that utilize futures ahead of the Ethereum Merge, leading to a surge in ether futures volumes.

First Mover Asia: The Michael Saylor Tax Case and What It Means; Bitcoin Wrestles With $20K

The MicroStrategy executive chairman says the District of Columbia’s scrutiny of his tax residency is wrong, but the filing has deeper significance.

Designer Drug Markets Get Boost From Crypto

Novel psychoactive chemicals with names like 2C-B, AMT and 5-MeO-DMT are freely available at online marketplaces and digital currencies help facilitate the global trade.

Australian CBDC Research Project Could Provide Crypto Clarity, Legal Expert Says

Michael Bacina, partner at law firm Piper Alderman, joined CoinDesk TV’s “First Mover” to discuss what the project’s launch could mean for the country’s financial future.

Crypto Investor BnkToTheFuture Agrees to Buy Salt to Add Crypto Lending

The platform also plans to work with companies in financial distress on possible ways out of their predicaments.

TradFi Investors Will Love Ethereum’s Merge

The impact of the big shift to proof-of-stake are not priced into the market for ether, says CoinDesk's chief content officer.

Why Crypto Winter Hasn’t Dulled the Passion for Web3 Sex Work

After experiencing skyrocketing growth during the crypto bull run last year, many players are down and out. What survives now that it has popped, mainly believers, will be stronger, some say.