Grayscale Launching Decentralized AI Fund, CFTC & FTX Agree to Settle
Reports you may have missed
Bitcoin Rallies on Strategic Reserve Rumors, Galaxy Acquires Additional Staking Assets
CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY -0.71% AND QQQ -0.94% BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC 1.12% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -0.17% is trading at $3,450 ahead of potential S-1 approval after...
CRYPTO MARKET UPDATE CRYPTO ASSETS RALLIED OVER THE WEEKEND FOLLOWING AN ASSASSINATION ATTEMPT ON FORMER PRESIDENT TRUMP, GALVANIZING HIS POLITICAL CAMPAIGN AND, IN TURN, OPTIMISM AROUND HIS PRO-CRYPTO STANCES. BTC 1.12% has eclipsed $63k and ETH -0.17% is approaching $3,400. Small-cap assets are seeing some risk appetite return with ACX -1.19% , one of our Liquid Ventures constituents, making a new all-time high on the back of its Blast integration and consistent trend of...
CRYPTO MARKET UPDATE JUNE CPI CAME IN BELOW EXPECTATIONS, WITH THE MOM FIGURE READING -0.1% COMPARED TO +0.1% EXPECTED, CAUSING A SIGNIFICANT DROP IN RATES, WITH THE US10Y DROPPING TO 4.175%. Markets are now pricing an 83% chance of a September rate cut, with higher probabilities for further easing in the subsequent November and December meetings. A large-cap to small-cap rotation appears underway in response to rate expectations, as the...
CRYPTO MARKET UPDATE EQUITIES ARE GAINING ALONGSIDE RATES TODAY AS FED CHAIR POWELL PROVIDES TESTIMONY TO CONGRESS. He reiterated that recent progress on inflation has been welcomed, but more is needed before reducing the restrictiveness of monetary policy. He also acknowledged that risks are beginning to become two-sided, citing recent cooling in the labor market. The SPY -0.71% and QQQ -0.94% have both gained approximately 0.21% as they hover near all-time highs....
