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Crypto & Web3CoinDesk ·

US Adds 162,000 Jobs in August, Surpassing Expectations

The United States economy added 162,000 jobs in August, exceeding analyst forecasts and signaling a rebound in the labor market. The data was released in a morning report that is expected to carry significant weight for policymakers. The Federal Reserve is currently deliberating whether to raise interest rates at its upcoming September policy meeting. A stronger-than-expected jobs report could increase the likelihood of a rate hike, as the Fed monitors employment data closely. The figures suggest the labor market remains resilient despite ongoing economic uncertainties.

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Crypto & Web3CoinDesk ·

Zcash surges 20% past $1,000, triggering $34M in short liquidations

Privacy-focused cryptocurrency Zcash (ZEC) briefly surged past $1,020, marking a significant price milestone. The sharp rally represented a roughly 20% gain, catching bearish traders off guard. Traders who had taken leveraged short positions against ZEC were forced to exit those bets as prices climbed. The resulting liquidations amounted to approximately $34 million in losses for short sellers.

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Crypto & Web3CoinDesk ·

Bitcoin Breaks $81,000 as Privacy Coins Surge in Broad Crypto Rally

Bitcoin surpassed the $81,000 mark, breaking through a resistance level that had held it back since late August. The move was part of a wider rally across the cryptocurrency market. Privacy-focused coins were among the standout performers, with Zcash climbing 16% and Dash rising 19%. The gains highlight renewed investor interest in both major and alternative cryptocurrencies.

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Crypto & Web3CoinDesk ·

IMF: El Salvador's post-June 2025 Bitcoin holdings built solely on private donations

The International Monetary Fund has confirmed that El Salvador's recent growth in official Bitcoin reserves was financed entirely through private donations. No public funds were used in the accumulation of these holdings. All Bitcoin added to the country's official reserves since June 2025 falls under this privately funded arrangement. The IMF's confirmation provides clarity on the source of El Salvador's expanding cryptocurrency assets.

We checked 6 years of bitcoin data. The NFP report isn't big price mover · ShortSingh