WuBlockchain Weekly: Japan May Continue Rate Hikes, 96% of NFTs Approaching 'Death', CZ Banned for Life from Managing Binance，Coinbase Executes First AI-Managed Crypto Trade, etc
1. U.S. August ADP Employment Increase: 99,000 Jobs link The U.S. reported an increase of 99,000 jobs in August according to the ADP employment data, marking the smallest growth since January 2021, falling short of the expected 145,000. The previous figure was revised down from 122,000 to 111,000. Additionally, in August 2024, U.S. employers announced 75,891 layoffs, the highest in five months and the largest single-month job cut since 2009, excluding the pandemic-driven collapse in 2020. 2. Bank of Japan Governor: Interest Rate Hikes to Continue if Economic and Price Trends Align link Kazuo Ueda, Governor of the Bank of Japan, reiterated on Tuesday that if the economy and inflation align with the central bank’s expectations, the Bank of Japan will continue raising interest rates. Economists still anticipate another rate hike by the end of the year, with 41% of surveyed experts predicting December as the most likely timing. Ueda emphasized that despite the rate hike in July, the econom...