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Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the
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Surging oil prices – WTI crude oil rose to its highest levels of 2023 in August (the move continuing into September) – were a major factor in the rise of headline inflation last month. The U.S. Federal Reserve, though, will likely take comfort in the continuing decline in core inflation,
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Crypto venture capital investments surged by 20% in August, reaching $660 million, up from $550 million in July. In a potential shift of tides, the crypto venture capital sector witnessed a slight uptick in funding during August despite the ongoing bear market. The latest data suggests that while the number of
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The popular artificial intelligence (AI) chatbot ChatGPT has seen a decrease in user traffic worldwide for the third consecutive month this August, according to data from analytics company Similarweb.In August, desktop and mobile site traffic to OpenAI’s popular chatbot from visitors worldwide decreased by 3.2% to 1.43 billion. This follows
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Volume figures might have been worse had it not been for the brief volatility spike on Aug. 17 and at the end of the month. Bitcoin, the leading cryptocurrency by market value, fell over 10% to $25,000 on Aug. 17, tracking risk aversion in traditional markets. The price briefly rose
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Base network’s “Onchain Summer” promotion in August resulted in over 700,000 non-fungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.Coinbase launched Base, its Ethereum layer-2, on Aug. 9. To spur adoption, the network’s team implemented a month-long launch event. It partnered
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Prominent crypto research firm Kaiko reports that the XRP token recorded impressive trade volume strides across August 2023. This development comes amidst
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Bitcoin (BTC) is headed for a long-term support retest, data suggests, after BTC price action fell into the August monthly close.BTC/USD 1-hour chart. Source: TradingViewBTC price: Roads point to $23,000Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Cointelegraph Markets Pro and TradingView
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kaiko, a crypto analytics platform, claims that the largest stablecoin by market cap, USDT, has been depegging in August. A stablecoin depegs when it trades below the fiat currency or asset it’s meant to mirror. USDT has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Wall Street saw a $5.5 trillion market dip in August, while cryptocurrencies faced significant losses, challenging investor optimism. According to Bloomberg, August dealt Wall Street a bruising blow as the markets faced a challenging landscape—underscored by hawkish
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