It's Friday, which means it's time for another recap of the most significant happenings in the cryptocurrency market over the past week:
Rumors swirl that Kamala Harris could be open to accepting cryptocurrency contributions to her campaign.
This information was first brought to light by Alesia Haas, Coinbase's CFO, during the Citi Global TMT 2024 conference in New York. She hinted that one of the PACs (Political Action Committees) supporting Harris might explore the idea of accepting crypto donations. As of now, Harris, a possible candidate for the U.S. presidency, has yet to respond to these reports.
This would be a noteworthy development, especially since the current administration under Joe Biden (with Vice President Harris included) has maintained a generally anti-crypto stance. Could a future President Harris take a different approach?
Source: Fortune
Exciting news from Argentina: the ETH Kipu Foundation has partnered with the Buenos Aires authorities to introduce Ethereum education into high school curriculums.
"This initiative will create new career opportunities for young people and position Argentina as a leader in the global blockchain movement," said Paula Doy, co-founder of ETH Kipu.
In addition to the high school courses, a specialized program for 500 students focused on advanced topics like decentralized app development is also being introduced.
Source: Cointelegraph
Currently, all eyes are on upcoming U.S. data, particularly unemployment figures (expected on September 6) and inflation rates (expected on September 11).
This week, the ISM manufacturing index, which tracks industrial activity, was released with a figure of 47.9—an indicator of potential economic recession. This has caused concern among investors, leading to recent market downturns.
On the positive side, such weak economic indicators could prompt the Federal Reserve to make a larger interest rate cut, possibly 50 basis points instead of the expected 25, at their next meeting on September 18.
Source: Parkiet
Cardano recently achieved a key milestone with a significant update that further enhances its decentralization.
On September 1, block number 10764778 was added to the Cardano blockchain, marking CIP-1694 implementation. This update is just the start of major changes to the network. Initially, a "Constitutional Committee" was established to oversee these transformations. However, the long-term plan is to transfer control from the project's creators to decentralized entities, giving the community more power to manage the blockchain.
"This is the moment when the entire ecosystem, community, and every ADA holder unite as equals. Everyone will have a voice in shaping not only the future of this protocol but also its potential to impact people worldwide. One small step for Cardano, one giant leap for the industry," said Charles Hoskinson, Cardano founder.
Source: X
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