Strong Coinbase Q2 Earnings, GMX Launches V2
Aug 4, 2023
Market Update Equities are rising amid positive corporate earnings and lower-than-expected July Jobs report. The number of jobs added was 187k, slightly below the market's expectation of 200k, making it a "miss" from the market's perspective. This shortfall is more favorable for stocks since it aligns better with the Federal Reserve's desired outcome of bringing down inflation while maintaining a resilient economy. Treasury yields have pulled back since hitting fresh YTD highs earlier this week. $BTC and $ETH are unchanged from yesterday, as markets have yet to react to increasing chances of