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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: 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.
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.
Prop AMMs like SolFi, HumidFi and Obric are taking over liquid capital markets
- 03:23Santiment: Surge in Fed Rate Discussions May Signal Danger for the Crypto MarketAccording to ChainCatcher, citing a report from Cointelegraph, Santiment stated in a report on Saturday that social media discussions have surged around the highly anticipated Federal Reserve interest rate decision in September, which could serve as a warning signal for cryptocurrencies. "Historically, a surge in discussions centered on a single bullish narrative may indicate that the market is overly optimistic and could signal a local top," Santiment noted. Mentions of keywords related to the Federal Reserve and rate cuts on social media have jumped to their highest level in 11 months.
- 03:23A trader takes a 3x short position on WLFI, incurring an unrealized loss of over $412,000BlockBeats News, August 24 — According to monitoring by Lookonchain, trader 0xbfaa has opened a 3x leveraged short position of 5.3 million WLFI (worth $1.53 million), and is currently facing a loss of over $412,000.
- 03:22PROMPT surges past $0.31, up 114% in 24 hoursBlockBeats News, August 24 — According to market data from a certain exchange, PROMPT (Wayfinder) surged past $0.31, currently trading at $0.311, with a 24-hour increase of 114% and a market capitalization reaching $290 million. Wayfinder launched its Open Alpha yesterday, allowing users to access its crypto AI agent and enabling cross-chain trading, deployment, and exploration.