Chiliz

$CHZ

$0.1168

-2.22%

Equity markets edged higher ahead of a key week where investors await key inflation data and the Federal Reserve's interest rate decision. May's CPI data comes out tomorrow, while the next FOMC meeting is on Wednesday. $SPX and $QQQ are trading 0.2% and 0.5% higher than Friday's close, while $NDAQ is down ~11% after announcing a $10.5b acquisition of Adenza, a software provider for banks and brokerages in a cash-and-stock deal....

SEC EMPTIES THE CHAMBER It’s only Wednesday, but the SEC has pulled out the big guns. Conveniently following the release of a rather comprehensive crypto oversight bill by the House Financial Services Committee on Friday, the SEC dropped their mightiest hammer to date on the crypto industry. On Monday, the SEC took legal action against Binance, accusing the exchange of offering unregistered securities to the public. The SEC's lawsuit alleged...

The modest 0.1% rise of Personal Consumption Expenditure (PCE) price index and 0.4% increase in personal income spending in November buoyed markets this morning, with $SPX (+0.4%) and $QQQ (+0.2%) trading higher from open. Given PCE is the Fed's preferred gauge of inflation, the data further supports the Fed's winning battle against rising prices amidst a tight labor market. Digital asset markets are exhibiting lower correlations of late, with $BTC...

After a strong rally yesterday off the back of cooling inflation data, markets continue to rise as investors look forward to the FOMC meeting later today. The consensus is that the Fed will raise rates by 50 bps, but attention will be focused on the language of Jerome Powell’s speech and the updated dot plot, which will give insight into where Fed members see the terminal rate falling. The S&P...

WHAT ARE SOCIAL TOKENS? Social tokens are a category of digital assets that allow a broad array of entities to develop and manage relationships with their respective communities. Social tokens offer benefits to both content creators and consumers. Creators can pull future revenues forward via token issuance, potentially add additional revenue streams via unique token models, and engage their fans in a new way. At the same time, token holders can...

IDIOSYNCRATIC OPPORTUNITIES ABOUND The euphoric part of the bull market for crypto was largely about finding the fastest horse paired with one’s relative risk appetite. Unfortunately, in a bear market, most horses, notably the weaker or tired ones, no longer want to race. However, the past few months have revealed that ample opportunities exist to find the few horses that have some giddy-up in them. The two environments require fundamentally...