[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"b0bd6678-b1b0-4ee4-a6b5-abfa280107d9","updated_at":"2023-08-31T04:32:06.632205+00:00","account":{"firstName":"Akash","lastName":"Kashyap"},"description":"Stay ahead of the game with the latest financial news! Get the scoop on Wednesday August 29, 2023's top stories in finance. ","sapo":"Market news: US markets up slightly. ADP: 177,000 new August jobs. GDP adjusts, pending home sales rise 0.9%. SEBA bank approved for Hong Kong crypto services. Uniswap lawsuit dismissed. Top gainers: Merit Circle, API3, Fetch.ai, Yield Guild Games, Ordinals.","title":"Top Financial News Today Wednesday August 30, 2023","content":"

Top stock news:

Wall Street closed with modest gains as the S&P 500 rose 0.4%, the Dow Jones added 0.1%, and the Nasdaq composite increased by 0.5%, helping to reduce losses for the month of August.
ADP's report showed 177,000 private-sector job additions in August, lower than the revised 371,000 in the previous month and below the expected 200,000.
In Q2 2023, the U.S. real GDP rose by 2.1%, a decrease from the initial 2.4% estimate, while Q1 saw a 2% increase in real GDP, according to Bureau of Economic Analysis.

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In July, the Commerce Department's third report showed varied inventory trends: wholesale inventories fell 0.1%, retail inventories rose 0.3%, and the advance international trade deficit for goods grew by 2.6%, compared to June.

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US pending home sales rose 0.9% in July for the second consecutive month, despite higher prices and mortgage rates, according to the National Association of Realtors.

Top crypto news:

BTC is now at about $27,300 and ETH at around $1,700. The global crypto market cap is $1.14 trillion, up 4.2% in the last day, with DeFi total value locked at $39 billion and BTC dominance at 50%.
Swiss bank SEBA has secured an Approval-In-Principle from Hong Kong regulators to provide crypto services.

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A class action lawsuit against Uniswap was dismissed, with the judge finding no grounds to proceed. The Uniswap lawsuit outcome could influence investor confidence: seen as DeFi strength by some, while others might note risks in an unregulated market.

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US Congressman Davidson called for the removal of SEC Chair Gensler following the Grayscale ruling.
Binance introduces the Send Cash feature in Latin America, streamlining crypto-to-local bank transfers for greater efficiency.

Top crypto gainers today:

1. Merit Circle (MC)

Merit Circle surged 16.5% in the past 24 hours, reaching $0.3665, its highest price in the last week.

2. API3 (API3)

API3 increased as it was mentioned to have good position to be the go-to-push oracle solution for these netwroks.

***1696885554078519559***

3. Fetch.ai (FET)

FEI price increased by 8% after it released some key takeaways of the Twitter Space session with the participation of Datalera, Ocean Protocol and Fetch.ai.

***1696572065690644984***

4. Yield ld Games (YGG)

YGG price surged on news of adding XP, leveling, and Reputation and Progresssion (RAP) system to quests, tracking member contributions across seasons and activities.

***1696847452220133657***

5. Ordinals (ORDI)

ORDI price rose almost 5% today, marking its second winning streak this week.

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Top Financial News Today Wednesday August 30, 2023

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