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Paxos Approved to Issue Stablecoins in Singapore, Robinhood Hopes to Offer Crypto Futures
CRYPTO MARKET UPDATE RATES HAVE PARED EARLY MORNING LOSSES AFTER MAY JOLTS DATA SHOWED 8.14 MILLION JOB OPENINGS VERSUS 7.91 MILLION EXPECTED. Equities are showing slight gains, with the SPY 0.54% increasing to $546 and the QQQ 0.97% gaining to $484, helped by Tesla’s better-than-expected Q2 deliveries, leading to TSLA surging over 9%. Crypto assets are mixed, with majors showing declines and the broader altcoin market rallying. BTC -2.63% is trading below $61.8k,...
CRYPTO MARKET UPDATE DESPITE MAY PCE DATA COMING IN LINE WITH EXPECTATIONS AT 0.0% MOM, U.S. TREASURY YIELDS ARE MOVING HIGHER ACROSS THE CURVE, AND THE DXY IS HOLDING STEADY AT $105.8. Equity indices are flat on the day in the final trading session of Q2. Crypto is showing weakness, with BTC -2.63% declining to $60.7k and ETH -2.17% falling below $3,400. After surging upon news of VanEck filing for a Solana...
Encouraging Move in CB Discount at US Market Open, CORZ announcement leads HPC Miner Cohort Higher
CRYPTO MARKET UPDATE CRYPTO IS REBOUNDING NICELY TODAY FOLLOWING AN INTENSE BITCOIN-LED SELLOFF YESTERDAY, CATALYZED BY IDIOSYNCRATIC SELL PRESSURE FROM FEARS OVER MT. GOX SUPPLY COMING TO MARKET. It was a somewhat rare occurrence to have such a significant selloff in BTC -2.63% but an overall positive day for altcoins. BTC -2.63% is attempting to reclaim $62k, while ETH -2.17% hovers just above $3400, and SOL 0.53% tries to break through $140 again. Interestingly,...
CRYPTO MARKET UPDATE EQUITIES ARE MIXED THIS MORNING, WITH THE SPY 0.54% GAINING 0.30% AND THE QQQ 0.97% DECREASING 0.31%, WEIGHED DOWN BY A 5% DROP IN NVDA 26.41% . The DXY N/A% has dropped 0.32%, although it has not boosted crypto assets. BTC -2.63% has fallen more than 3%, briefly dropping under $61k after news of Mt. Gox repayments beginning in July (more below). ETH -2.17% has followed suit, declining to $3,300 despite the likelihood that...
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