Crypto Daily
- Crypto Daily
Traditional markets opened higher despite the headline risk of more layoffs within the tech sector. Google parent company Alphabet announced 12k layoffs, joining Amazon (18k), Microsoft (10k) and Meta (11k). Reflecting the market's confidence in leaner tech's lower OPEX, SPX, QQQ and NDAQ are trading...
- Crypto Daily
FTX Explores Restarting Operations, Genesis Negotiates Bankruptcy Filing
Stocks are continuing to slide today, extending this week's pullback. The Dow retraced January gains down 0.8%, while the S&P and Nasdaq fell 0.8% and 1.1%, respectively, still in the green for the month. Concerns the Fed might overtighten and cause a recession have begun to overshadow positive developments of...
- Crypto Daily
EY and Polygon Prepare to Release Nightshade and China Moves Forward with Metaverse Plans
Crypto had a volatile morning, with prices dropping sharply after the DOJ announced they were making a statement regarding crypto. Fears were relieved when the announcement was the DOJ taking enforcement action against Russian exchange Bitzlato and didn't have to do with any material regulation in the U.S. Prices began...
- Crypto Daily
Su Zhu and Kyle Davies Stage a Comeback, Silvergate Bounces Back
Traditional markets are showing signs of fizzling out after a strong end to last week. The S&P 500 and Nasdaq 100 are relatively flat on the day, while the US Dollar and US Treasury Yields are showing modest declines. Crypto markets saw an impressive rally over the long weekend as...
- Crypto Daily
SEC Sues Gemini and Genesis, Hodlnaut's Creditors Rejected Restructuring Plan
Traditional markets opened higher than the pre-markets before pulling back slightly at the time of writing. $SPX and $NDAQ are trading at ~0.3% lower than yesterday's close, while $DXY is consolidating at the 102 area of support. Digital asset markets have decoupled on the lower time frames, with $BTC and...
- Crypto Daily
Avalanche Partners with AWS, Web3 Venom Ventures Fund Raises $1 billion
Stocks are gaining following the highly anticipated December consumer prices report. The CPI report was in line with economists' expectations that inflation would decline, falling 0.1% from November but still 6.5% higher than last year. The S&P 500 gained 0.51%, while the Nasdaq was up 0.50%. Equities have been pushing...
- Crypto Daily
Voyager gets Initial Approval to Sell Assets to Binance U.S. and Twitter is Developing a 'Coins' Feature
Crypto and traditional markets had a choppy morning before continuing their move higher ahead of tomorrow's CPI release. Holders of risk assets such as crypto are hoping for a soft CPI print to signal inflation easing. $BTC and $ETH are currently up 0.21% and 0.17%, respectively, while SPX and NDQ...
- Crypto Daily
Genesis and DCG Accused of Accounting Fraud, Coinbase Cuts More Jobs
After retracing significant gains at the close yesterday, traditional indices are roughly flat on the day, while US Treasury yields are turning higher. Many are looking forward to Thursdayâs CPI report release, which will have large implications on the Fedâs interest rate decisions on February 1st. Crypto markets are continuing...
- Crypto Daily
LSDs Continue to Shine, GBTC Discount Compresses
Markets are picking up where they left off on Friday, rallying on the back of a weak ISM services report, intimating that investors might be starting to price in impending dovishness from the Fed. This was the first ISM report in 30 months to show an economic contraction within the...
- Crypto Daily
NY State Sues Former Celsius CEO, Huobi Global Under Scrutiny
Stocks are moving higher following a promising December jobs report. The S&P 500 gained 1.56%, while the Nasdaq was up 1.49%. The jobs report showed the U.S. economy added 223k jobs last month, higher than the 200k expected, but wage growth was lower than the expected 0.4%, growing only 0.3%....
- Crypto Daily
Silvergate Covered $8.1b in Customer Withdrawals, Coinbase Reached $100m Settlement with NYDFS
On the back of hot JOLTs data yesterday, equity markets continued to move lower while the dollar gained strength. $SPX and $NDAQ shed 1.1% and 1.5%, respectively, while $DXY is up 0.8%. Crypto markets maintain their correlations to traditional markets, albeit with a lower beta. $BTC and $ETH have been...