Fed Issues Stablecoin Guidance, Rollbit Soars
BTC has retraced 0.8% after briefly trading above $30k. The rally followed comments from Galaxy Digital CEO Mike Novogratz on an earnings call where he hinted at a potential approval of a spot ETF within six months, citing sources at BlackRock and Invesco. ETH is also lower 0.3% reaching $1.85k. Crypto Casino and Exchange Rollbitâs RLB gained 50%, entering and outperforming the top 100 after recent updates to its tokenomics (more below). U.S equities are slightly lower ahead of tomorrowâs highly anticipated CPI release, with the S&P down 0.3% and the Nasdaq 0.66% lower. Investors will be closely monitoring the index to gain potential insights into the future actions of the Federal Reserve regarding interest rates. According to a survey conducted by Dow Jones, economists anticipate that the inflation measure increased by 3.3% in July.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.60% climbing back above $61,000 and SOL 0.50% moving above $145, while ETH 3.14% is lagging, trading around $2,400. Among today's outperformers is SUI 8.60% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.40% and QQQ 0.80% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -0.60% briefly dropping below $62k and ETH 3.14% below $2.5k. Among altcoins, SUI 8.60% is showing...
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