JP Morgan Launches Its Tokenized Collateral Network, Circle and Coins.ph Partner in the Philippines
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CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -5.14% has fallen back below $62K, ETH -8.13% is under $2,600, and SOL -5.85% is just below $155. Only a few coins are in the green today, including TON 9.92% , rebounding from its recent selloff, MKR -4.80% , following its major rebrand announcement, and STX -3.59% , likely benefiting from the ongoing activation of the Nakamoto...
MARKET UPDATE CRYPTO MARKETS EXTENDED LAST WEEK’S RALLY OVER THE WEEKEND, WITH BTC -5.14% BRIEFLY RISING ABOVE $65K AND ETH -8.13% ABOVE $2.8K. They have trimmed some of their gains, with Bitcoin trading at $63.3k and Ethereum slightly above $2.7k. AI-related tokens have been outperforming ahead of Nvidia earnings set for this Wednesday. FET -3.59% , RNDR, and AKT -6.02% have gained 69%, 38%, and 25%, respectively over the last seven days. U.S. equities are...
CRYPTO MARKET UPDATE Risk assets are surging following Fed Chair Jerome Powell's dovish pivot at Jackson Hole, signaling a shift in policy aimed at addressing potential weaknesses in the job market through rate cuts. The DXY has dropped significantly, reaching a new year-to-date low and approaching the 100 mark. Cryptoassets are rallying, with BTC -5.14% nearing $62,000 as it works to break through its 50-day moving average, which has provided significant...
MARKET UPDATE U.S. EQUITIES ARE DECLINING AS INVESTORS DERISK AHEAD OF TOMORROW’S SPEECH FROM FED CHAIR POWELL AT THE JACKSON HOLE ECONOMIC SYMPOSIUM, EXPECTED AT 10 AM EST. The SPY 0.11% has declined to $555, and the QQQ 0.26% to just below $475. Crypto rallied yesterday afternoon after it was reported that, if elected, Kamala Harris will support policies that ensure technologies like digital assets can continue to grow. BTC -5.14% rallied to...
