Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations
BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.
Markets
Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store
The price of bitcoin has dipped about 15% during the second quarter.
First Mover Americas: Bitcoin Awaits PCE Inflation Report
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Kaspa’s KAS Token Bucks Broader Market, Surges 26% in a Week
The rally was accompanied by an even-bigger surge in futures open interest.
Long Dormant Whale Sends $61M BTC to Coinbase, OnChain Data Shows
The so-called old hands have been selling coins this quarter, adding to bearish pressures in the market.
T-Rex Group Files for 2x Long, Inverse Microstrategy ETF
Bloomberg ETF analyst Eric Balchunas said this will be the ‘ghost pepper’ of ETF hot sauce.
Trump’s Odds of Victory Surge to 67% in Polymarket Post-Presidential Debate
Biden’s chances at becoming the Democratic nominee also slid to 70%, while Gavin Newsom’s odds jumped to 15%.
Crypto Markets to See Selling Pressure in July From Mt. Gox Creditors: JPMorgan
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.
First Mover Americas: BTC’s Recovery Stalls as Dollar Rallies
The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: Galaxy
Ether is more price sensitive to ETF inflows than bitcoin due to the large amount of ETH total supply that is locked up, the report said.