Telefonica Forms Strategic Partnership with Chainlink Labs, Citibank Completes Tokenization Pilot on Avalanche
Feb 15, 2024
A flurry of economic data this morning has provided mixed signals for markets. On one side, retail sales decreased 0.8% MoM versus an expected 0.2% decline. On the other side, jobless claims came in lower than expected and the Empire State manufacturing survey showed higher than expected prices paid. U.S. equities are mixed, with the SPY gaining 0.29% and the QQQ showing a modest decline of 0.05%. BTC (+0.75%) continues its strong February performance, trading above $52k. ETH (+1.89%) is showing larger gains and has surpassed $2800. Bitcoin-related names have outperformed this week. STX 3.73% (one of our core strategy picks) and ORDI have gained 40% and 12%, respectively.