Maker
$MKR
5 Results
Recent bearish trends continue to persist this afternoon. The SPX has sunk to its lowest level in months in part due to underwhelming home sales and consumer confidence data. Despite this data, rates continue to rise, with the U.S. 30-year yield eyeing the 4.7% mark after an early morning bout of short covering. All market sectors are currently in negative territory, and in the commodities market, oil prices are rebounding...
In July, the core personal consumption expenditures (PCE) index increased by 0.2% month-over-month and 4.2% year-over-year, meeting economists' projections. This led to a significant pullback in rates and a bond market rally. Surprisingly, the Dollar Index (DXY) also surged, likely exerting downward pressure on cryptoasset prices. Amid these market dynamics, major equity indices experienced slight gains. BTC 4.20% retraced its earlier post-Grayscale rally gains, a trend also seen in Ethereum and...
Vyper Vulnerability Exposes DeFi Protocols to Hacks, Coinbase Witnesses Memecoin Mania
Traditional markets are flat on July's final trading day, ahead of a busy week of earnings. While SPX and QQQ are flat since open, they are poised for a fifth consecutive month of rises - the longest winning streak for each index since 2021. The jobs report due Friday is also expected to show ongoing strength in the labor market (200k July consensus vs 209k in June). BTC 4.20% and ETH 4.99% have...
Ethereum's Shanghai Upgrade in Early April, Signature Onboards Silvergate's Customers
Digital asset markets have retraced following Silvergate's insolvency concerns detailed below. BTC 4.20% and ETH 4.99% have declined 3.7% and 3.2% in the past day, while SPX and QQQ are 1.1% and 1.4% higher than yesterday's close. US10Y (-2.0%) yields have dipped back below 4.0%, with the DXY (-0.3%) following suit. Despite retracements across large caps, MKR 6.50% is trading 26% higher over the past week. The CDP protocol announced more favorable terms for its...
