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The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.
XRP price trades near $3.03, with whales adding $758 million worth of tokens. A breakout above $3.29 remains critical for triggering the next rally.
Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
- 05:28Data: Huang Licheng replenished over 1,600 ETH after reducing his Ethereum long positions yesterday, with a liquidation price of $3,309.11According to ChainCatcher, on-chain data shows that after “Machi Big Brother” Huang Licheng closed and reduced his 25x leveraged Ethereum long position yesterday, he has since increased his position by approximately 1,637.33 ETH. The current position is valued at $12.655 million (3,653.3333 ETH), with a liquidation price of $3,309.11.
- 05:16Moonshot AI releases the most powerful open-source reasoning model, Kimi K2 Thinking, with intelligent inference capabilities surpassing GPT-5Jinse Finance reported that Moonshot AI announced the release of Kimi K2 Thinking, their most powerful open-source reasoning model. As a reasoning model, Kimi K2 Thinking performs step-by-step inference while using tools, achieving state-of-the-art results in HLE, BrowseComp, and other benchmark tests, and has made significant progress in reasoning, agent search, coding, writing, and general capabilities. Kimi K2 Thinking can execute up to 200 - 300 consecutive tool calls without human intervention, conducting coherent reasoning across hundreds of steps to solve complex problems. In the Human-Level Exam (HLE), an extremely challenging benchmark, Kimi K2 Thinking scored 44.9%, surpassing advanced models such as Grok4, GPT-5, and Claude 4.5. If using Kimi K2 Thinking Heavy, the score can further reach 51%.
- 05:11Data: Ethereum spot ETF saw a total net outflow of $46.62 million yesterday, with BlackRock ETHA leading net inflows at $34.43 million.According to ChainCatcher, based on SoSoValue data, the total net outflow of Ethereum spot ETFs yesterday (Eastern Time, November 7) was $46.62 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of $34.43 million. The historical total net inflow for ETHA has now reached $13.87 billion. The next highest was Invesco ETF QETH, with a single-day net inflow of $2.59 million. The historical total net inflow for QETH has now reached $23.90 million. The Ethereum spot ETF with the largest single-day net outflow yesterday was Fidelity ETF FETH, with a single-day net outflow of $72.23 million. The historical total net inflow for FETH has now reached $2.577 billion. As of press time, the total net asset value of Ethereum spot ETFs is $22.664 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) at 5.42%. The historical cumulative net inflow has reached $13.861 billion.