• Crypto Daily
Wed February 1

Crypto and traditional markets consolidated ahead of today's FOMC meeting at 2 pm EST. The market is currently pricing in a 98.7% chance of a 25 bps rate hike according to CME Group's Fed Watch tool. $BTC and $ETH are down 0.57% and 0.70%, respectively,...

Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut
  • Crypto Daily
Tue January 31

Binance and Mastercard Team Up in Brazil, Celsius was Running a Ponzi Scheme

The $SPY (+0.70%) and $QQQ (+0.82%) are rallying today following the latest Employment Cost Index (ECI) release, which showed continuing deceleration of wage growth, reducing the risk of a wage-price spiral that could keep inflation persistently higher. Crypto markets are following suit, with $BTC rising 1.30% and $ETH rising 1.65%,...

  • Crypto Daily
Mon January 30

Funds See Major Inflows, Mining Difficulty Reaches New ATH

The $SPX (-0.8%) and $NDQ (-1.3%) slid on Monday morning as investors prepare for a stacked week of earnings and critical events on the economic calendar. Over 20% of the S&P 500 companies will report their earnings this week, including General Motors and McDonald's on Tuesday, followed by tech companies...

  • Crypto Daily
Fri January 27

FTX Releases Creditor List, Aave Clears CRV Bad Debt

Markets are reacting favorably to signs of cooling inflation. This morning, the Commerce Department announced spending by US households decreased by 0.2% MoM, with PCE (Fed's current preferred gauge of inflation) rising 5% in December (vs. 5.5% in November). December Core PCE rose 4.4% (vs. 4.7% in November), growing at...

  • Crypto Daily
Thu January 26

dYdX Postpones Token Unlock, Moonbirds Founder Kevin Rose Hacked

Stocks are reacting positively to this morning’s U.S Q4 GDP release, which showed GDP grew 2.9% annualized, beating Dow Jones’ 2.8% estimate. The S&P was up 0.27%, while the Nasdaq gained 0.74%. Although the growth rate slowed compared to Q3, the beat above expectations gives bulls additional ammo in their...

  • Crypto Daily
Wed January 25

Injective Launches Ecosystem Fund and BlockFi Leaks Financials

After a bit of a correction last night, crypto markets remain largely flat on the day. $BTC is down 0.29% and $ETH is down 0.72%. Traditional markets have pulled back a bit as well, with SPX down 1.34% and NDQ down 1.88%. An interesting development we've seen over the past...

  • Crypto Daily
Tue January 24

Uniswap Branches Out and Blockfi Struggles in Bankruptcy

Traditional indices are declining today, with the $SPX and $QQQ both down 0.34% at the time of writing. All eyes will be on Microsoft after-hours, which will be one of the first large tech companies to report earnings this year. Crypto markets are following suit, with $BTC down 0.35% and...

  • Crypto Daily
Mon January 23

One Step Closer to Shanghai, Encouraging Data on Ransomware

On Monday, US equities rose as investors considered the potential for a slowdown in interest rate hikes from the Federal Reserve and prepared for a busy week of earnings reports. The $SPX (+1.2%) and $NDQ (+2.0%) saw gains, with semiconductor stocks and shares of companies like Tesla and Apple seeing...

  • Crypto Daily
Fri January 20

Genesis Finally Files for Bankruptcy, Nexo Settles with SEC

Traditional markets opened higher despite the headline risk of more layoffs within the tech sector. Google parent company Alphabet announced 12k layoffs, joining Amazon (18k), Microsoft (10k) and Meta (11k). Reflecting the market's confidence in leaner tech's lower OPEX, SPX, QQQ and NDAQ are trading 0.8%, 1.5%, and 0.3% higher...

  • Crypto Daily
Thu January 19

FTX Explores Restarting Operations, Genesis Negotiates Bankruptcy Filing

Stocks are continuing to slide today, extending this week's pullback. The Dow retraced January gains down 0.8%, while the S&P and Nasdaq fell 0.8% and 1.1%, respectively, still in the green for the month. Concerns the Fed might overtighten and cause a recession have begun to overshadow positive developments of...

  • Crypto Daily
Wed January 18

EY and Polygon Prepare to Release Nightshade and China Moves Forward with Metaverse Plans

Crypto had a volatile morning, with prices dropping sharply after the DOJ announced they were making a statement regarding crypto. Fears were relieved when the announcement was the DOJ taking enforcement action against Russian exchange Bitzlato and didn't have to do with any material regulation in the U.S. Prices began...