Starknet Roadmap Includes Parallel Processing, Robinhood Releases Crypto Wallet to Android Users
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MARKET UPDATE Risk assets are selling off following the release of Non-Farm Payrolls data this morning, showing 142k payrolls added in August compared to 165k expected, along with June and July numbers being revised sharply lower. The data has fueled recession fears while also sparking uncertainty over the Fed’s policy path and whether they will cut rates by 50bps or 25bps this month. Markets are currently leaning towards 25bps, assigning...
HNT Strength Persists Following $200k Burn, Broder Crypto Market Falls on Mixed Econ Data
CRYPTO MARKET UPDATE Jobless claims came in consistent with recent trends, while the ADP report fell well below market expectations, posting 99k jobs versus the 145k expected. Meanwhile, the ISM Services PMI showed another expansionary figure this month, continuing its divergence from ISM Manufacturing PMI. This initially provided a bounce in yields and risk assets, but over the past few hours, yields have started to roll over again while major...
MARKET UPDATE U.S. TREASURY YIELDS ARE DROPPING FOLLOWING SOFTER-THAN-EXPECTED JOLTS DATA, SHOWING 7.67 MILLION JOB OPENINGS IN JULY VERSUS 8.1 MILLION EXPECTED. The US10Y has fallen below 3.8%, with the 10Y-2Y spread briefly un-inverting. Equities are flat on the day, with the SPY -2.03% and QQQ -3.15% increasing less than 0.1%. Crypto is showing relative strength, with BTC 0.95% rebounding to $58.3k after reaching a low of $55.5k last night. ETH 0.73% is gaining...
CRYPTO MARKET UPDATE September is off to a bumpy start for markets. The ISM manufacturing PMI came in at a contractionary 47.2, below the expected 47.9, pushing treasuries higher while equities and crypto dipped. Defensive sectors are leading equities as the price action clearly signals a shift to risk-off sentiment. This week is pivotal, with key data releases including JOLTs job openings on Wednesday and the Non-Farm Payrolls (NFP) and...
