⏰12/08 - 12/13 | This Week's Top Events: What Did You | CoinRank on Binance Square

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⏰12/08 - 12/13 | This Week's Top Events: What Did You Miss?
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GN🌙 CoinRank Evening Headlines! YO Labs, the development team behind YO Protocol, has completed a $10 million Series A funding round led by Foundation Capital. Binance Futures will launch RAVEUSDT U-margined perpetual contracts with leverage up to 40x. Analysis: If the Bank of Japan raises interest rates as expected, Bitcoin may fall below $70,000. South Korea's Financial Services Commission failed to submit its bill regulating the won stablecoin on time due to the need for more time for coordination. #CoinRank #CryptoNews #CoinRankUpdate

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According to Jinshi News, the US non-farm payrolls report, to be released next Tuesday, will include data from October and November, finally providing policymakers and investors with a more complete picture of the US labor market and ending months of somewhat haphazard reporting. The Federal Reserve cut interest rates to a three-year low after a contentious meeting this week, with several officials dissenting, the debate centered on whether to prioritize addressing high inflation or a weak job market. Citigroup economists point out that the upcoming jobs report may release more conflicting signals. The bank expects a loss of about 45,000 jobs in October but an increase of 80,000 in November. Citigroup economists suggest that this rebound may be more related to seasonally adjusted data rather than a “real improvement in worker demand.” They also predict the unemployment rate will rise from 4.4% to 4.52%, while a Reuters poll of economists shows an unemployment rate of 4.4%. The Fed’s own quarterly forecasts indicate a median unemployment rate of about 4.5% by the end of this year. #coinrank

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Analyst Ali Martinez points out that $86,000 remains a crucial price level for Bitcoin to hold; a breach of this support level could lead to a more significant pullback. The market is pausing briefly ahead of a series of macroeconomic data releases in the coming days, with investors closely watching a range of employment indicators including the unemployment rate, ADP employment data, and weekly initial jobless claims. They will also be watching November inflation data and the possibility of a yen interest rate hike. #coinrank #BTC

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Hello☕CoinRank Afternoon Brew! ZRO, ARB, STRK, and other tokens will undergo a large-scale unlock next week, with ZRO unlocking valued at approximately $38.6 million. The ZORA team is suspected of transferring approximately 52.525 million tokens to three new addresses, valued at over $2.6 million. Cysic has been exposed for manipulating its TGE cluster, falsifying accounting data, and using substandard mining rigs. #CoinRank #CoinRankUpdate

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This week, 16 crypto startups raised $176 million in funding, bringing the total investment this year to over $25 billion, more than double last year's figure and far exceeding analysts' expectations. Major investors this week included Pantera Capital, Coinbase Ventures, and DCG, indicating that investors continue to pour into the crypto market despite a $1 trillion drop from its October high. #CoinRank #rootdata

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