📊 #BTC Wintermute: BTC holding above $62,000 and recovering to $64,000 despite geopolitical shock last week, indicating weaker holders largely shaken out.
Crypto ETFs also saw net inflows of $282 million after eight consecutive weeks of outflows, while Strategy company reported selling 3,588 BTC to fund dividends, causing a minor market disruption.
With the likelihood of a rate hike in September increasing to 61% due to rising oil prices, the release of the consumer price index on Tuesday may determine if economic recovery will continue. #etf
Crypto ETFs also saw net inflows of $282 million after eight consecutive weeks of outflows, while Strategy company reported selling 3,588 BTC to fund dividends, causing a minor market disruption.
With the likelihood of a rate hike in September increasing to 61% due to rising oil prices, the release of the consumer price index on Tuesday may determine if economic recovery will continue. #etf
🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin
🇺🇸📝 USA - ADP Employment (week) = +19.7K (expected - / previous +21K) #macro
🆕 Stablecoin Payments App Plasma One Launches on Android
Stablecoin payment network Plasma has launched its Plasma One account and card app on Android, supporting stablecoin deposits, transfers, and card payments. Eligible new Android users who complete identity verification and deposit at least $100 in supported stablecoins during the promotion period can receive six months of free Core membership. Existing users and iOS users are not eligible. #stablecoin
Stablecoin payment network Plasma has launched its Plasma One account and card app on Android, supporting stablecoin deposits, transfers, and card payments. Eligible new Android users who complete identity verification and deposit at least $100 in supported stablecoins during the promotion period can receive six months of free Core membership. Existing users and iOS users are not eligible. #stablecoin
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🗣 Adam Back stated, "The adoption of Bitcoin treasuries remains largely ahead of us. That's another catalyst that's still coming." He also remarked, "Everybody buys #BTC at the price they deserve.".
🇺🇸📝 #macro US:
- Consumer Price Index (CPI; June):
- m/m: -0.4% (forecast: -0.1%; prior: 0.5%)
- y/y: 3.5% (forecast: 3.8%; prior: 4.2%);
- Core CPI (y/y): 2.6% (forecast: 2.8%; prior: 2.9%).
- Consumer Price Index (CPI; June):
- m/m: -0.4% (forecast: -0.1%; prior: 0.5%)
- y/y: 3.5% (forecast: 3.8%; prior: 4.2%);
- Core CPI (y/y): 2.6% (forecast: 2.8%; prior: 2.9%).
🇺🇸🗽 Macro Kevin Warsh:
- Economic activity is growing at a steady pace.
- The housing sector presents a different picture and continues to lag behind.
- The American labor market overall looks stable.
- The Federal Reserve is monitoring the impact of artificial intelligence on inflation and the labor market.
- It is intolerant of sustained high inflation. #ai
- Economic activity is growing at a steady pace.
- The housing sector presents a different picture and continues to lag behind.
- The American labor market overall looks stable.
- The Federal Reserve is monitoring the impact of artificial intelligence on inflation and the labor market.
- It is intolerant of sustained high inflation. #ai
💸 #BTC $100,000,000 worth of crypto shorts liquidated in the past 60 minutes.
🕵️ 268,000,000 $USDC (268,100,902 USD) transferred from Coinbase Institutional to Coinbase.