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Showing posts with the label venezuela

WuBlockchain Weekly: Vitalik Donates All Animal Coins, Ethereum Gas Fees Hit Five-Year Low, Goldman Sachs and Morgan Stanley Hold Bitcoin ETFs, etc

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1. U.S. July CPI and Retail Data link In July, the U.S. core Consumer Price Index (CPI) rose by 0.2% month-over-month, aligning with market expectations. The year-over-year unadjusted CPI for July was 2.9%, slightly below the expected 3.0%, and the unadjusted core CPI came in at 3.2%, marking its fourth consecutive monthly decline and the lowest level since April 2021. Additionally, the U.S. initial jobless claims for the week ending August 10 were 227,000, better than the expected 235,000 and the previous week’s revised figure of 234,000. This marks the lowest number of initial claims in five weeks. Continuing claims for the week ending August 3 were 1.864 million, slightly below the expected 1.875 million. July retail sales in the U.S. saw a 1% month-over-month increase, the highest since January 2023, surpassing expectations and potentially easing concerns about a sharp economic slowdown. QCP Capital noted in its latest report that the CPI data met market expectations, leading to an...
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Dogecoin: Venezuelan Immigrants Opt for DOGE as Adoption Surges

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The leading meme coin, Dogecoin , has seen a massive boost from Venezuela n immigrants who have opted to use DOGE. Indeed, the token is continuing to evolve away from strictly being a meme coin. Specifically, its utility has taken massive strides in recent months. In Venezuela, DOGE has granted financial reprieve. The country is facing horrid hyperinflation that has led to horrendous living conditions for citizens. With reports showing more than 7 million people fled the country, remittances have become an increasing reliance for these individuals. That is where Dogecoin has become so important. Source: Bloomberg Also Read: Dogecoin (DOGE) and Top 5 Meme Coins Down Double Digits DOGE Proving to be Haven for Venezuelan Immigrants Dogecoin has long been the face of the meme coin market. It leads the sector in market cap, and stands as the original offering in the space. Yet, its greatest challenge has been moving beyond that original intention, and offering traders more. That may be set...
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