According to BlockBeats, U.S. Treasury Secretary Janet Yellen has stated that the American economy is in good condition. Speaking on September 8, Yellen highlighted that recent employment data, which has shown a cooling trend over the past few months, indicates that the economy is heading towards a soft landing rather than a recession. She emphasized that there have been no significant layoffs and described the economic situation as a 'deep recovery.'

According to Odaily, U.S. Treasury Secretary Janet Yellen has stated that the American economy is in good condition. Recent employment data, which has shown a cooling trend over the past few months, indicates that the economy is experiencing a soft landing rather than heading into a recession. Yellen emphasized that there have been no significant layoffs and described the economy as being in a state of 'deep recovery.'

Arris, a comprehensive airdrop task platform, announced the completion of a new round of strategic financing, with participation from K24 Ventures, CGV FoF, DMAIL.AI, and Alco Holdings. The specific financing amount and valuation information have not yet been disclosed. The new funds will be used to support its airdrop protocol optimization and simplification of Web3 chain interactions. In addition, Arris is reported to expand its Arris AI and optimize airdrop interaction returns through the OiEarn model to provide points rewards to users who increase transaction volume.

According to Cointelegraph, the United States Commodity Futures Trading Commission (CFTC) has urgently filed an emergency motion to prevent Kalshi, a US prediction market, from offering election betting contracts. This action follows a judge's decision to overturn a previous order that halted Kalshi’s election markets. In a court filing dated September 6, the CFTC requested an “emergency stay” of the court’s decision that overturned its order prohibiting Kalshi from listing its election contracts for trading. The regulator argued that without the court’s detailed reasoning, it cannot make an informed decision on whether to appeal or fully brief a motion for a stay pending any forthcoming appeal. The CFTC emphasized the urgency of the matter, stating that Kalshi is expected to immediately list the relevant election contracts and begin trading as soon as they are listed. The regulator supported its request by noting that Kalshi had already announced on its homepage that “Election Markets are Coming to Kalshi!” The filing coincides with Judge Jia Cobb of the US District Court for the District of Columbia ruling in favor of Kalshi, allowing the platform to offer products that enable people to bet on the outcome of the US election on November 4. Following the ruling, Kalshi published an announcement on its website. Jake Chervinsky, chief legal officer at Variant Fund, commented on the ruling in a September 7 post, describing it as a “HUGE win” for Kalshi. However, he also expressed a desire to see the judicial opinion before making further comments. Chervinsky suggested that the best way to address regulatory overreach is to file more lawsuits. The CFTC initially submitted the order in September 2023, arguing that the contracts involve gaming and activities that are unlawful under state law and contrary to the public interest.

Trump family crypto project World Liberty Financial (WLFI) posted on X that Ogle (@cryptogle) has joined its team as an advisor. According to reports, as a cybersecurity expert, Ogle has helped recover more than $400 million in cryptocurrencies from major hacker attacks involving platforms such as Euler, Curve/Alchemix and Kyberswap. In addition, Ogle is the co-founder of the dynamic blockchain ecosystem Glue and an entrepreneur who has created multiple multi-million dollar technology companies and taught at Ivy League schools and government agencies.

According to Spot on Chain, attackers from four hacking incidents have transferred 20,561 ETH to Tornado Cash since the beginning of September, worth about $49.3 million. Among them, the Penpie attacker cleaned 11,261 ETH in just four days after launching the attack, worth about $26.7 million. The WazirX attacker transferred about 7,600 ETH and currently still holds 54,155 ETH (about $123 million). In addition, the attacker of Distributed founder Bo Shen transferred about 1,500 ETH, while the LiFi attacker transferred about 200 ETH. It is worth mentioning that during this period, the price of ETH fell to a low of $2,169, a drop of more than 13%.

U.S. Treasury Secretary Janet Yellen said the U.S. economy is in good shape and the cooler employment data in recent months suggests the economy is in a soft landing rather than a recession. Yellen said there have been no major layoffs in the U.S. and the economy is in a "deep recovery."

BlaBla, a decentralized SocialFi video platform based on the Morse ecosystem, announced the completion of its seed round of financing, with participation from Nebula lnvestment, the Blockchain Association of Europe (BCAEU), Hopechain, etc. The specific amount and valuation data have not been disclosed. BlaBla plans to use the new funds to build its decentralized model and transparent reward system. It is reported that its platform supports users to earn tokens by watching, interacting and sharing content, and creators benefit from rewards directly provided by users.

The rise of Tap-to-Earn (T2E) games is becoming a driving force in the cryptocurrency ecosystem, onboarding millions of new users and transforming how people interact with digital assets. These simple yet addictive games, which reward users for repetitive tapping, have exploded in popularity, especially on platforms like Telegram. With the highly anticipated Hamster Kombat launch source: https://icogemhunters.com/hamster-kombat-could-this-meme-game-ignite-cryptos-next-bull-run/

Bitcoin's overall market outlook remains bearish with a sustained decline. Can this change? source: https://ambcrypto.com/this-bitcoin-metric-is-nearing-zero-should-traders-be-more-worried/

MonkeyBit completed a $2 million seed funding round and launched a global ambassador recruitment programme this month. Aiming to build the next Web3 social amusement ecosystem, MonkeyBit plans to release its $MONK token in Q3. Will you go bananas for these monkeys?