Federal Reserve Rate Hike Updates

Fed’s Kashkari said the strong US jobs report for october demonstrates why the federal reserve needs to keep raising interest rates higher than previously forecast.

Boston Fed Collins Comment

Boston Fed President Susan Collins said the next phase of tightening should shift from a focus on pace to a focus on levels. She expects inflation lowering to require additional increases in the federal funds rate.

Elon Musk Comments At Baron Investment Conference

Speaking at the conference, Elon Musk said Twitter had suffered revenue challenges prior to his takeover. He also reiterated the Twitter Blue fee saying, “Please subscribe to Twitter Verified.”

AptosLaunch Looks to Raise $2M in SAFT Round

AptosLaunch, a crypto startup offering launchpad platform for Aptos-based projects is on course to raise $2 million in token sale. Numerous Aptos-based projects have recently raised funds, including Thala Labs, Martian and Souffl3.

Dogecoin Price News Update

After dropping around 10% earlier in the day, Dogecoin (DOGE) recovered significantly. As of writing, DOGE price stands at $0.1282, down 2.43% in the last 24 hours.

Elon Musk News Update: Comment On Activists

Elon Musk said Twitter suffered massive drop in revenue due to activist groups pressuring advertisers. This could be seen as a potential justification of the $8 fee for Twitter Blue service.

U.S. Jobs Data News Update

The US Labor Department announced the unemployment rate in the country rose to 3.7%, which is still close to 50 year low. The Fed recently increased interest rates once more in an effort to reduce inflation and slow down investment.

Elon Musk News Updates: New Twitter Owner To Speak At Baron Conference

Elon Musk is scheduled to speak at the Baron Investment Conference later today. Musk is expected to speak on various issues including the $8 Twitter Blue tick fees and the US government’s reluctance to pay for Starlink service in war-hit Ukraine.

Crypto News Live Update: Crypto impact On US Elections

According to blockchain experts, the US Presidential elections 2024 will be impacted by how candidates see the future of crypto industry. It is found that digital assets are becoming increasingly important to voters.

Do Kwon To Host Conference?

After reports suggested that Korean prosecutors got hold of Terra founder Do Kwon’s current location, he responded in a tweet saying he is open to meeting everyone soon to prove he is not hiding. He said he will throw a meetup or conference soon to get over this and police from world over will be welcome to attend.

XRP Price spikes by 8%

XRP prices suddenly spiked by 8% over the past 24 hours. It is trading at an average price of $0.489, at the press time.

Binance Discusses Recovery Plans For GALA Impacted Users

A misconfiguration of the pNetwork bridge resulted in the redeployment of pGALA. GALA prices plunged 39% in a few hours due to panic after a single wallet address minted over $2 billion in tokens. However, Binance is discussing the recovery plans.

SEC seeks more time in XRP lawsuit

U.S. Securities and Exchange Commission (SEC) has asked the court for extra days in order to file a reply to Amicus Briefs.

GALA price drops by 13%

Gala price have dropped by more than 13% in the last 24 hours. It is trading at an average price of $0.0344, at the press time.

Huobi Temporarily Delist Gala Over Uncontrollable Risks

Huobi, a crypto exchange has decided to delist GALA due to the failure of Gala token assets. This has resulted in major uncontrollable risks to user assets. After the accident, the GALA purchased by the user will be renamed Pgala, which has nothing to do with the original GALA.

Elon Musk Faces Class Action Lawsuit For Twitter Layoffs

As per reports, Elon Musk might be facing class action lawsuits over its decision to lay off around 3,700 employees.

A lawsuit has been filed in the San Francisco federal court. It mentions that Twitter employees were not given prior notice before receiving the layoff email.

Dogecoin Price Drops By 10%

Dogecoin, the world’s largest meme token price has dropped by a whopping 10% over the past 24 hours. The price drop has come amid the Twitter outage after Elon Musk took a decision to mass lay off Twitter employees.

Twitter Down; Users Report Issues

Global Twitter users have reported a massive Twitter outage. This news broke out amid Elon Musk’s huge decision to lay off a large number of employees.

Crypto Market Seeks Recovery

The global crypto market registered a marginal recovery over the past day. The Total market cap has surged to stand at $1.02 trillion. The 24 hour market volume has seen a dump of more than 22.35% to stand at $80.09 billion.