Key Events Scheduled For This Week:
1. Fed Chair Powell Speaks - Monday
2. September ISM Manufacturing data - Tuesday
3. JOLTs Jobs data - Tuesday
4. ADP Nonfarm Employment data - Wednesday
5. October OPEC Meeting - Wednesday
6. Initial Jobless Claims - Thursday
7. September Jobs Report - Friday
Major Global Financial Update
- CZ may be released two days earlier than the official release date this Fri-Forbes
-The S&P 500 has now officially added $8 TRILLION in the market cap year-to-date. That's an average of $43 billion for EVERY trading day so far this year.
- The stock market has hit the highest level of Greed since March 13 and is on the verge of Extreme Greed!
- $2 trillion BNY Mellon bank receives SEC approval to offer crypto custody services.
Looks like market is primed for a breakout today. NY session could pop $BTC to 65.5k today.
Читать полностью…JUST IN: BlackRock has purchased 359,279 #Bitcoin worth over $23 billion since January 2024.
Читать полностью…Digital asset investment products experienced a second consecutive week of inflows, totaling $321 million. This surge was likely driven by the Federal Open Market Committee's (FOMC) decision to cut interest rates by 50bp.
Bitcoin saw $284m in inflows while Ethereum saw outflows for the 5th consecutive week, totaling $29m
China's Stock Market Today:
1. Chinese stocks up 6% today and 18% in 5 days
2. Beijing 50 index posts RECORD 15% intraday jump
3. RECORD 1 trillion Chinese Yuan traded in 30 minutes
4. Brokerages open 24/7 to accommodate retail traders
5. Commerce Ministry says it will "improve policy effectiveness"
6. Chinese brokerages crashing due to high traffic
SAYLOR: “99% of Bitcoin will be mined by January 2, 2035.”
We’re currently at 94% with about 1.2 million supply left to be mined.
1% of #Bitcoin’s supply is now locked in DeFi, driven by growing demand for Bitcoin yield and Coinbase’s new Bitcoin-pegged token, $cbBTC
Читать полностью…What's up Crypto?
- BlackRock #Ethereum ETFs Surpassed $1 Billion Total Asset Value in 2 Months.
-Total TON Fees Reach New All Time High.
-Chinese Stocks reach the most overbought level in more than 4 years
- Prediction markets now show Kamala Harris with a 3 percentage point lead on Donald Trump, according to Polymarket's prediction app. All signs point to an incredibly close race with the election now 5 weeks out.
China is considering injecting up to $142 billion of capital into its biggest state banks, the first time since the global financial crisis in 2008, per Bloomberg
Читать полностью…In under 2 weeks, FTX will start redistributing $16B to creditors❗️
That’s enough to buy 250,000 $BTC at current prices
Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024.
This is 7 TIMES higher than at the peak of the 2008 Financial Crisis.
Key Events This Week:
1. S&P Global Services PMI data - Monday
2. CB Consumer Confidence data - Tuesday
3. August New Home Sales data - Wednesday
4. August Durable Goods Orders data - Thursday
5. Q2 2024 Final GDP Reading - Thursday
6. August PCE Inflation data - Friday
$MSTR is beating 100% of the S&P 500 with #Bitcoin
$MSTR alone now holds 1.3% of the total #Bitcoin supply