COINOTAG reports that the U.S. Bureau of Labor Statistics’ August release showed just 22,000 non-farm payrolls added versus ~75,000 consensus, while the unemployment rate climbed to 4.3%. The softer-than-expected U.S.
Speaking on Friday, UBS’s top executive, Sergio Ermotti, said the bank will not downsize, despite calls from Swiss regulators to shore up its stability in the wake of the Credit Suisse acquisition. Ermotti expressed confidence that UBS and regulators in Bern can find a workable compromise and stressed that cutting the bank’s size would not be in its best interests. He remarked , “Shrinking the bank is not a strategy.” Ermotti clarified that UBS intends to remain in Switzerland UBS has been pushing back against several measures introduced in June to protect Switzerland if its sole global lender comes under financial pressure. One proposal would require UBS to raise the capitalization of its non-Swiss units from 60% to 100% to absorb foreign losses. However, analysts caution that meeting this requirement could force the bank to set aside an extra $24 billion, limiting its ability to return capital to shareholders. According to reports, the bank had been drawing up contingency plans and even exploring whether it might move its headquarters abroad. In July, sources familiar with the matter claimed the Swiss Lender was considering shifting its base to London. At the same time, they stated the bank had raised concerns internally that the proposed rules could leave it vulnerable to a foreign takeover. Nonetheless, Ermotti later stated the bank remains committed to staying in Switzerland. At a business conference this Friday, the executive maintained that UBS’s strength lies in its global reach and claimed that shrinking would be the wrong move. He remains confident that a middle ground can be found that spares the bank from having to set aside billions more in capital under the proposed rules. Still, according to insiders, the lender now anticipates missing its workforce reduction target before completing the Credit Suisse merger next year. Since the beginning of 2024, the bank has reduced roughly 1,300 positions each quarter, leaving its workforce above 105,000 full-time staff as of June. However, the bank is unlikely to meet its internal target at the current rate of reductions. Although the bank hasn’t officially shared its headcount target, according to the Financial Times, insiders said executives want to reduce total staff to 85,000 by the end of the integration process. UBS is working on cost-cutting before the full integration of Credit Suisse UBS’s CFO Todd Tuckner told analysts in August that cost-cutting efforts would be split evenly between technology and workforce-related savings. The Credit Suisse acquisition has brought in about 45,000 additional employees, lifting total staff to more than 119,000 at its peak. However, around 14,000 full-time jobs were slashed. Ermotti, earlier this year, said UBS experiences about 7% natural turnover annually, but per an insider, the attrition rate has fallen, making workforce reduction harder. Nevertheless, the bank has been focusing on internal mobility, with over two-thirds of Swiss vacancies filled internally last year. In August, the lender transferred more than a million Credit Suisse retail customers to UBS’s systems, resulting in hundreds of domestic job losses. However, full savings won’t be reflected until the bank’s old systems, remaining from Credit Suisse’s legacy platforms, are fully phased out after March 2026. UBS had already committed to making reductions over time, mainly through attrition, early retirement, internalizing external roles, and coaching for those affected to help their careers. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
John Deaton has acknowledged that the XRP Army, was a tipping element that helped notch Ripple’s legal victory against the U.S. SEC).
Ethereum transactions are trending higher, showing sustained on-chain usage even as futures open interest fell from late-August peaks. Daily transaction counts remain in an uptrend, while ETH price consolidates near
Shiba Inu formed a daily death cross as the 50-day moving average crossed beneath the 200-day MA, signaling weakened momentum and renewed downside risk for SHIB. Traders view this technical
Appearance of another death cross remains surprising
September’s Ethereum and Bitcoin ETF outflows totaled roughly $447M for Ethereum spot ETFs and $160M for Bitcoin ETFs, signaling rising institutional caution. These withdrawals highlight short-term fragility in inflow-driven markets
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Bridging the Regulatory Divide: SEC and CFTC Staff Signal Permission for Spot Crypto Trading
A recently published market report is causing a stir, suggesting an emerging DeFi protocol is poised to outperform established giants like Chainlink (LINK) and Toncoin (TON). The analysis specifically forecasts a significant surge for the newcomer before the end of Q3, fueled by its innovative application of the 0DTE trend. With the quarter’s end fast approaching, this projection is forcing investors to ask: is now the time to buy in? Toncoin (TON) TradingView Toncoin trades between $3.00 and $3.33 following a volatile week that declined 1.51%. The token retreated 2.13% monthly, erasing portions of the spring rally, yet maintains a 5.82% six-month advance, suggesting underlying demand persists. This recent cooling has moderated market sentiment without disrupting the broader upward trajectory. Technical indicators reflect balanced positioning near critical levels. The 10-day SMA at $3.12 nearly matches the 100-day SMA at $3.14, signaling equilibrium between short-term and long-term traders. RSI at 53 indicates neutral momentum, while elevated Stochastic near 80 shows buyers testing recent strength. MACD remains marginally negative, though selling pressure appears to be diminishing. These readings suggest potential for movement in either direction with a slight recovery bias. Fundamental dynamics present conflicting forces that could drive significant volatility. Verb Technology’s $558M private placement to build a Toncoin treasury aims to acquire approximately 5% of circulating supply, mirroring MicroStrategy’s Bitcoin strategy and potentially tightening available tokens. However, whale concentration remains concerning with 68% held by large wallets, creating liquidation risks near break-even levels. Telegram’s integration with 1B+ users provides long-term utility prospects, while the TON Foundation’s $5M DeFi incentive program targets ecosystem growth. Should bulls breach resistance at $3.49, momentum could target the secondary barrier at $3.82, representing roughly 10% additional upside and potentially triggering a 20% advance from current levels. Conversely, dropping below $2.84 support may pressure TON toward $2.51, implying approximately 20% downside exposure. With price action consolidating in a symmetrical triangle pattern, traders monitor these critical levels for the next decisive directional move that could determine near-term trajectory. Zexpire Introduces One-Click Simplicity to Capture Crypto Options Boom Crypto options has become one of DeFi’s fastest-growing segments, as its daily trading volumes average around $3 billion . Traditionally, this market has long been dominated by professionals, but now it’s starting to open up to a broader audience. Zexpire, the first 0DTE DeFi protocol, removes the complexity of options trading and turns it into a one-click prediction experience . The process is reduced to a binary choice: users bet on whether the price will stay within a defined range or break out in the next 24 hours Simply put, trading with Zexpire works like this: Guess right, and you win. Guess wrong, and your loss is capped at your stake. No margin calls. No cascading liquidations. $ZX Serves the Fuel Behind Simplified Options Trading with Zexpire To earn on volatility with Zexpire, you need its native token ZX . It serves as a governance token and provides its holders with discounts on game tickets and cashback on losses . Before its exchange debut, $ZX is available in presale at just $0.003, nearly 800% cheaper than the planned listing price of $0.025. Besides the reduced price, presale participants get more advantages such as: Staking rewards up to 5% before a TGE Loyalty bonuses Airdrops and beta access $ZX Rises with Each Stage — Buy Now for the Steepest Discounts Zexpire has also built in a deflationary mechanism. 20% of platform fees will be burned, and a buyback program is designed to support demand. $ZX is available across multiple chains including Base, Solana, TON, and Tron and can be purchased directly with a card. Why $ZX Could Be the Next Breakout Token Options trading has become one of crypto’s biggest growth stories. BTC options volumes regularly hit billions, yet participation is dominated by pros. Zexpire is making a contrarian bet by stripping it all down to a fast, gamified format. HYPE became one of this cycle’s strongest tokens by riding the derivatives boom on Hyperliquid. Zexpire is aiming to do the same in the options niche, but with an even broader retail angle: fixed-risk mechanics and gameplay simplicity that make it accessible to anyone. If Zexpire can capture even a fraction of the momentum that HYPE did, $ZX could be DeFi’s next breakout token. Buy $ZX, the Next Breakout Token Chainlink (LINK) TradingView Chainlink trades between $21.88 and $25.47 following a challenging week that declined 9.30%. Despite this pullback, the 10-day average at $22.69 maintains position above solid support at $20.57, indicating bulls have not abandoned the upward trajectory. The recent weakness appears corrective rather than trend-changing. Longer timeframes reveal remarkable strength that overshadows near-term volatility. LINK surged 39.50% monthly and gained 49.63% over six months, establishing it among leading performers in the cryptocurrency space. RSI at 51.43 reflects balanced momentum, while Stochastic at 71.03 preserves upward energy potential. MACD reading of -0.0667 suggests the pullback may represent consolidation rather than reversal. Fundamental developments reinforce the technical outlook despite recent weakness. Chainlink integrated Proof of Reserve feeds for SolvBTC, enhancing transparency for $2B+ in tokenized Bitcoin assets, while partnering with the U.S. Commerce Department to publish GDP and PCE Index data on-chain via decentralized oracles. Exchange reserves dropped to 186.6M LINK (1-year low), indicating institutional accumulation as whale addresses added 8M LINK in August. These developments strengthen Chainlink’s role in bridging traditional finance with decentralized applications. Recovery momentum could target $27.75, representing approximately 15% upside potential. Clearing that resistance opens pathways toward $31.34, nearly 30% above current trading levels. Should sellers regain control, $20.57 provides initial support, though failure there could pressure toward $16.98, implying roughly 25% downside risk. The substantial longer-term gains, neutral momentum readings, and reduced exchange supply suggest current weakness represents pause rather than reversal. A decisive daily close above $23.50 could catalyze advancement toward the $30 zone in upcoming weeks. Conclusion While Toncoin and Chainlink are robust projects with established communities, the report’s focus is on Zexpire (ZX) as the source of imminent market disruption. Positioned as a next-generation utility token, its value is anchored in tangible functions like governance rights, participation incentives, and staking yields. The project’s tiered presale structure offers a strategic entry point for early adopters. By grounding its innovative DeFi model in a community-focused ecosystem, Zexpire is building a strong case to fulfill the report’s Q3 forecast and emerge as a leader in the 2025 bull run. Get more information about Zexpire ($ZX) here: Site: https://zexpire.com/ Telegram: https://t.me/zexpire_0dte X: https://x.com/Zexpire_0dte
An executive order issued Friday instructs the U.S. government to exempt specific metals — including graphite, tungsten, uranium and gold bars — from existing tariffs, while newly imposing duties on