Transaction URL: https://etherscan.io/tx/0x3e6a07dd7a99730ba281a44356527e40460bdfa210dfae303fd448ed9bb1449e
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Jobs week continues with the latest initial claims report released this morning. The data came in a bit mixed, but is overall consistent with the 13-week moving average. These numbers are also the first we are getting in the holiday season, which is known as a volatile period.
Initial jobless claims rose in the week ended Nov. 30, coming in at 224,000. This was a bit higher than analysts’ expectations of 215,000+ from the week prior, which was upwardly revised to 217,500.
States with the biggest increases in initial claims include Pennsylvania and Kentucky.
The overall…
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Solana Foundation’s head of strategy Austin Federa announced he would be departing the nonprofit to found DoubleZero, a network of fiber and subsea cables meant to establish a faster and more performant “new internet.”
Federa had been at Solana Labs and Foundation for nearly four years, becoming one of Solana’s more recognizable public figures. He’s now founding DoubleZero — which will start by supporting Solana — alongside cofounders Mateo Ward and Andrew McConnell. Jito CEO Lucas Bruder called the startup “the most interesting experiment in crypto.”
DoubleZero is an…
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It seems fitting that bitcoin’s rise above $103,000 came in the final month of a groundbreaking year for the asset.
You already know about the first US spot bitcoin ETFs in January and Trump’s election win a month ago. Then there was the president-elect’s selection this week of Paul Atkins as SEC chair (who many deem to be a crypto advocate). And Fed Chair Jerome Powell even recently compared bitcoin to gold.
The fact that gold’s market cap is still nine times larger than bitcoin’s (about $18T to $2T) “should offer additional insight into how much more room there is for…
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Coffeezilla: “This is one of the most miserable, horrible launches I’ve ever seen in my life…”
Haliey Welch: “Okay, then why the fuck are you on then?”
That snippet came from last night’s X Spaces for the HAWK memecoin launch by Haliey Welch, aka “The Hawk Tuah Girl.”
The majority of memecoin launches end up going nowhere, but none have cratered quite so quickly as HAWK.
In what might be the fastest rug pull of all time, HAWK launched yesterday to a $490 million market cap, and then nuked to a $64 million market cap within 30 minutes.
Source: Dexscreener
HAWK has…
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