$BTC $ETH $SOL
Arthur Hayes: 'If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets'
In an interview with CoinDesk's Markets Daily, BitMEX co-founder and Maelstrom CIO Arthur Hayes discusses the impact of the Fed cut, how to see the crypto markets shaping out this year, and why he's investing in Bitcoin Ordinals and inscriptions.
Arthur Hayes: 'If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets'
In an interview with CoinDesk's Markets Daily, BitMEX co-founder and Maelstrom CIO Arthur Hayes discusses the impact of the Fed cut, how to see the crypto markets shaping out this year, and why he's investing in Bitcoin Ordinals and inscriptions.
$BTC #ETH #TON
Nvidia's stock dropped by 6.9% following its recent earnings call, marking its steepest post-earnings decline since February 2022.
Investors reacted negatively due to concerns over Nvidia's financial outlook, particularly its forecasted gross margins, which are expected to shrink slightly in the upcoming quarters.
The company's modest revenue growth projections also fell short of market expectations.
This decline in Nvidia's stock may have broader market implications, potentially influencing assets like Bitcoin as investors assess overall market sentiment.
This decline in Nvidia's stock may have broader market implications, potentially influencing assets like Bitcoin as investors assess overall market sentiment.
Nvidia's stock dropped by 6.9% following its recent earnings call, marking its steepest post-earnings decline since February 2022.
Investors reacted negatively due to concerns over Nvidia's financial outlook, particularly its forecasted gross margins, which are expected to shrink slightly in the upcoming quarters.
The company's modest revenue growth projections also fell short of market expectations.
This decline in Nvidia's stock may have broader market implications, potentially influencing assets like Bitcoin as investors assess overall market sentiment.
This decline in Nvidia's stock may have broader market implications, potentially influencing assets like Bitcoin as investors assess overall market sentiment.
#BTCâ #ETFEthereum
Spot Bitcoin ETFs Record $39.4M Inflows as Ether ETFs Decline
On August 21, Grayscaleâs Bitcoin Mini Trust led net inflows among Bitcoin ETFs with $14.2 million, followed by Fidelityâs FBTC ($10.7 million) and Bitwiseâs BITB ($10 million).
BlackRockâs IBIT, the largest spot Bitcoin ETF, saw $8.4 million in inflows, while Franklin Templetonâs EZBC and Invesco Galaxyâs BTCO recorded $3.5 million and $2.5 million, respectively. Grayscaleâs Bitcoin Trust was the only ETF with outflows, losing $9.8 million.
Although net inflows dropped by 55% from the previous day to $39.3 million, trading volumes increased to $1.42 billion, up from $1.35 billion on August 20.
Spot Bitcoin ETFs Record $39.4M Inflows as Ether ETFs Decline
On August 21, Grayscaleâs Bitcoin Mini Trust led net inflows among Bitcoin ETFs with $14.2 million, followed by Fidelityâs FBTC ($10.7 million) and Bitwiseâs BITB ($10 million).
BlackRockâs IBIT, the largest spot Bitcoin ETF, saw $8.4 million in inflows, while Franklin Templetonâs EZBC and Invesco Galaxyâs BTCO recorded $3.5 million and $2.5 million, respectively. Grayscaleâs Bitcoin Trust was the only ETF with outflows, losing $9.8 million.
Although net inflows dropped by 55% from the previous day to $39.3 million, trading volumes increased to $1.42 billion, up from $1.35 billion on August 20.
Russia weighs risk of embracing crypto for international payments
#BTC #ETH #Sol #Bnb
Russia's push to accelerate the development of cryptocurrency payment infrastructure, primarily to facilitate international transactions amid sanctions and delays with major trading partners like China and India. The move is driven by the need for businesses to bypass traditional financial systems when facing sanctions.
However, cryptocurrencies remain banned for domestic payments in Russia, and the new legislation set for review on July 23 will likely not change this.
President Vladimir Putin acknowledged the benefits of a digital rouble and highlighted energy consumption concerns from cryptocurrency mining in Siberia. Russia is also working with Iran, China, and Belarus on integrating digital currency systems for bilateral transactions.
Source: Reuters
Russia's push to accelerate the development of cryptocurrency payment infrastructure, primarily to facilitate international transactions amid sanctions and delays with major trading partners like China and India. The move is driven by the need for businesses to bypass traditional financial systems when facing sanctions.
However, cryptocurrencies remain banned for domestic payments in Russia, and the new legislation set for review on July 23 will likely not change this.
President Vladimir Putin acknowledged the benefits of a digital rouble and highlighted energy consumption concerns from cryptocurrency mining in Siberia. Russia is also working with Iran, China, and Belarus on integrating digital currency systems for bilateral transactions.
Source: Reuters
$SOL
Solana is one of my favorite cryptocurrencies. Trading Solana can be highly profitable when proper risk management is applied. Just a year ago, Solana was priced between $16 and $25, and recently it surged to nearly $200. Although Solana's price also declined when Bitcoin dropped, it demonstrated strong resistance compared to other blockchains.
Solana's affordability makes it an attractive option for investors, which has contributed to its growing popularity.
Solana is one of my favorite cryptocurrencies. Trading Solana can be highly profitable when proper risk management is applied. Just a year ago, Solana was priced between $16 and $25, and recently it surged to nearly $200. Although Solana's price also declined when Bitcoin dropped, it demonstrated strong resistance compared to other blockchains.
Solana's affordability makes it an attractive option for investors, which has contributed to its growing popularity.
What to Expect From the Latest Inflation Report
Strong Market Gains on Tuesday:
Tuesday saw a solid performance across the stock market, driven by a modest 0.1% increase in the U.S. Producer Price Index (PPI), which came in below expectations. This led to gains, with the S&P 500 rising nearly 2%, the Nasdaq jumping 2.4%, and the Dow Jones gaining over 408 points.
The Importance of the CPI:
While the PPI data was encouraging, itâs the Consumer Price Index (CPI), due out on Wednesday, that really matters to the market. The CPI has a much larger impact and will provide a clearer picture of inflation trends.
Potential Impact of the CPI Report:
If the CPI report shows a similar trend to the PPI, it could signal that inflation is easing. This might prompt the Federal Reserve to consider cutting interest rates, potentially giving the stock market another boost.
Economists' Expectations:
Economists expect the CPI to show a 0.2% increase, with year-over-year rates of 3% and 3.2%. While this is down from the mid-2022 highs, itâs still above the Fedâs target. A positive CPI report could lead the Fed to shift its focus from inflation to the slowing job market.
Strong Market Gains on Tuesday:
Tuesday saw a solid performance across the stock market, driven by a modest 0.1% increase in the U.S. Producer Price Index (PPI), which came in below expectations. This led to gains, with the S&P 500 rising nearly 2%, the Nasdaq jumping 2.4%, and the Dow Jones gaining over 408 points.
The Importance of the CPI:
While the PPI data was encouraging, itâs the Consumer Price Index (CPI), due out on Wednesday, that really matters to the market. The CPI has a much larger impact and will provide a clearer picture of inflation trends.
Potential Impact of the CPI Report:
If the CPI report shows a similar trend to the PPI, it could signal that inflation is easing. This might prompt the Federal Reserve to consider cutting interest rates, potentially giving the stock market another boost.
Economists' Expectations:
Economists expect the CPI to show a 0.2% increase, with year-over-year rates of 3% and 3.2%. While this is down from the mid-2022 highs, itâs still above the Fedâs target. A positive CPI report could lead the Fed to shift its focus from inflation to the slowing job market.
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