Cryptocurrencies News
- Bob Mason
Fed rate cut and labor data spark a 6.85% crypto market rally, outperforming equities.
- James Hyerczyk
US labor market resilience contrasts mixed manufacturing signals. Unemployment claims drop as production rises, yet supply chain issues persist. Cautiously bullish outlook.
- James Hyerczyk
US housing starts surged 9.6% in August to a 1.36M rate, driven by lower mortgage rates. Builder stocks hit highs, but inventory challenges persist.
- James Hyerczyk
U.S. retail sales rose 0.1% in August, beating forecasts. Nonstore retailers led with 7.8% growth, fueling speculation of a Fed rate cut amid slowing inflation.
- Bob Mason
Rising bets on a 50-bps Fed rate cut fuel crypto demand, sending market up 8.62% as BTC hits $60,381.
- James Hyerczyk
August CPI release crucial for Fed policy and markets. Inflation trend and labor market concerns shape expectations. S&P 500 up 15.2% YTD, investors watchful.
- Bob Mason
Fed rate cut speculation pressures cryptos as US job data boosts investor sentiment. Crypto market cap down 5.23% by Sept. 7.
- Ibrahim Ajibade
A DeFi platform linked to Donald Trump’s family aims to raise funds through the sale of 30% of its WLFI tokens, a move that could generate over $500 million
- James Hyerczyk
August jobs report reveals slowing growth. Unemployment at 4.2%. Wage increase of 3.8% year-over-year. Labor market shifts could affect financial markets.
- James Hyerczyk
US labor market cools: ADP reports 99,000 jobs added, initial claims at 227,000. Tech layoffs surge. Fed rate cuts expected. Prepare for market volatility.
- Bob Mason
Crypto market faces dual pressure from Fed rate uncertainty and regulatory actions by the SEC.
- James Hyerczyk
PCE inflation rises 0.2% monthly, 2.5% annually. Fed’s preferred measure shows economic shifts as rate cut looms. Personal income and spending increase.
- James Hyerczyk
US economy accelerates: Q2 GDP growth hits 3.0%, beating expectations. Consumer spending and inventory investment drive expansion. Job market remains resilient.
- Ibrahim Ajibade
MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while
- James Hyerczyk
S&P Case-Shiller Index hits record high in June 2024. New York leads with 9% annual gain. Home prices outpace inflation, rising 1,100% since 1974. Affordability trends vary by region.
- James Hyerczyk
Durable goods orders jump 9.9% in July, far exceeding expectations; transportation drives the surge, core goods dip 0.1%, while stocks rise and Treasury yields edge lower.
- Bob Mason
The crypto market got a much-needed boost on Friday, with Fed Chair Powell greenlighting a rate cut. SEC vs. crypto case-related news also drew interest.
- James Hyerczyk
U.S. jobless claims rise to 232K, indicating potential labor market cooling. Insured unemployment holds steady, but continued claims hit 2021 highs.
- Ibrahim Ajibade
BlackRock has surpassed Grayscale in Bitcoin holdings. This shift marks a significant turning point in the Bitcoin ETF sector.
- Ibrahim Ajibade
Circle to Launch USDC Payments on Apple Devices Circle CEO Jeremy Allaire recently hinted at a transformative development in digital payments. Following Apple’s decision to open the iPhone’s NFC payment functionality to third-party developers, Allaire hinted that tap-to-pay payments using Circle’s USDC stablecoin are “incoming soon.” This development has the
