U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession
The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.
Markets
U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein
The ability to raise debt or equity in the world’s deepest capital markets is a major advantage, the report said.
Floki Scores Major Deals With English Premier League Teams
Ecosystem tokens and its flagship Valhalla game will be widely featured on stadium screens and as uniform sponsors, boosting the project’s visibility as part of an initial one-year contract.
Bitcoin Pops Over $61K, XRP Leads Gains Among Majors
Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.
U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest
Notional open interest in BTC options tied to U.S. elections. (Amberdata)
Harris Leads Trump on Polymarket as DNC Begins, but They Got Tied Earlier Amid Volatility
Plus, bettors see RFK dropping out by November without a Trump endorsement, and China’s ‘bitcoin ban’ is more complicated than what Justin Sun thinks.
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.
TON Leads Crypto Majors as BTC, ETH Remain Flat
GameFi heavy TON outperformed the CoinDesk 20 during the Monday trading day in Asia.
Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says
The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.
First Mover Americas: Crypto Trades Little Changed Following Thursday’s Slide
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.