🆕24h crypto market overview

⏰Wednesday, July 03, 2024

♨️Overview:

Speaking at the meeting this morning, the FED Chairman continued to mention inflation. He said that the anti-inflation process is continuing to make progress, but the FED needs more solid data. Non-farm and unemployment rate this week will give us a closer picture of the FED's decision at the FOMC meeting in early September.

♨️ETF Update:

▪️02/07: GBTC -515 IBIT   FBTC    ARKB +40  BITB -108   BTCO   HOLD +56 BRRR   EZBC   BTCW   🔴TOTAL -527K BTC

▪️July 1: GBTC  IBIT   FBTC +1.04K   ARKB +202  BITB +660   BTCO +51  HOLD +86 BRRR   EZBC +29  BTCW   🟢TOTAL +2.06K BTC

🎯Week's focus:

▪️EU CPI update: This period 2.5% I Expect 2.5% I Last period 2.6%

▪️Wednesday: ADP Non-farm; Number of first-time unemployment insurance claims; Service PMI

▪️Thursday: The Fed releases the minutes of the June FOMC meeting

▪️Friday: Non-farm and Unemployment Rate in the US.

▪️USDC is a stablecoin that meets EU MiCA regulations and is allowed to circulate. Currently, there is no movement from USDT.

❇️Top Increase/Decrease:

🟢$BEAM    09%         🔴$TAO    13%

🟢$FLOKI    07%  🔴$AAVE  07%

🟢$SOL     05%         🔴$LDO     05%

🆕Hot News:

- Singapore's largest bank DBS cooperates with Paxos Trust Co. opens stablecoin custody service👉Bloomberg

- TVL of Defi Pendle protocol drops 40% as more LRT platforms grow and previous staking expires👉TheBlock

- Iris Energy raises $413M through stock issuance, proceeds will expand Bitcoin mining operations 👉TheBlock

- Silvergate accepts $63M fine to drop SEC lawsuit as FTX subverts👉Bloomberg