ETH Relative Strength Continues, US-Regulated Margined Crypto Trading Coming to Cboe
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CRYPTO MARKET UPDATE U.S. EQUITIES ARE MOVING SHARPLY LOWER AMID CHINA TRADE FEARS AFTER THE BIDEN ADMINISTRATION STATED IT'S CONSIDERING IMPOSING SEVERE RESTRICTIONS ON CHIPMAKERS IF CHINA CONTINUES RECEIVING ACCESS TO ADVANCED SEMICONDUCTOR TECHNOLOGY. The SPY 1.11% has dropped below $560 while the QQQ 1.08% is showing more pronounced losses, falling to $484. Crypto is relatively flat, with BTC 3.36% trading near $65k. Bitcoin ETF flows continue their positive streak, posting the eighth...
CRYPTO MARKET UPDATE DESPITE THE FAVORABLE ENVIRONMENT FOR RISK ASSETS, CRYPTO IS BROADLY LOWER THUS FAR TODAY DUE TO CONCERNS OVER ACTIVITY FROM MT. GOX WALLETS EARLY TUESDAY MORNING (MORE ON THIS BELOW). BTC 3.36% dropped below $67k after briefly revisiting the $70k level during a Memorial Day crypto rally. ETH 3.53% is also weaker compared to yesterday's price action but is still outperforming BTC on the day, currently trading around $3850....
Grayscale Files for Spinoff Mini-Trust, TradFi Institutions Complete Tokenization Pilot on Canton Network
The highly anticipated February CPI report was released this morning, showing slightly higher than expected readings. Core CPI came in at 3.8% YoY vs. 3.7% expected and 0.4% MoM vs. 0.3% expected. Over 60% of the total monthly increase can be attributed to shelter and energy prices. Investors were prepared for worse, as the odds of a June rate cut increased slightly following the data release, helping to spur a...
The day commenced with a flurry of activity, beginning with an NFP figure that exceeded expectations, juxtaposed with an unemployment rate that also surpassed forecasts. This combination pushed short rates lower and led the fed funds futures market to anticipate a full rate cut by the June FOMC meeting. The DXY dropped to a low of 102.4 before making a comeback. In crypto, the day started with significant momentum as...