TVL change, Stablecoin Supply Changes, ETF Flows ETH & BTC
Crypto:
MicroStrategy purchased 7,390 BTC, at an average price of $103,498
Major U.S. Banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring whether to team up to issue a joint stablecoin
Michael Saylor's Strategy plans to sell up to $2.1 billion of 10% perpetual strife preferred stock.
Outgoing CFTC member Summer Mersinger says perpetual crypto futures could soon trade in the US, with applications being reviewed by the CFTC.
Sam Altman’s World Raises $135M in Token Sale to a16z and Bain Capital Crypto to fund network expansion
JPMorgan casts doubt on trillion-dollar stablecoin forecasts — even with US regulation advancing; both stablecoin bills prohibit stablecoins from paying interest, aiming to define them as "payment stablecoins" akin to traditional money. This restriction would hurt stablecoin growth by making them less competitive with traditional interest-bearing instruments like money market funds
Trump's Meme Coin Dinner Draws Protests Calling For End to 'Crypto Corruption'
“In spite of the subdued inflation and spending, FOMC officials likely will signal they intend to stay on hold for an extended period. The common message from the slew of FOMC participants set to speak in the coming week — including Fed Chair Jerome Powell — will be that policymakers will ensure inflation expectations stay anchored.”
Moody’s job is not only to issue binding rulings about what debt is and isn’t safe, but also to justify its quasi-regulatory status by doing correct and reasoned credit analysis. So they have to come up with some rating for the US government, and I suppose there is some pressure to react to fiscal profligacy or other embarrassments by saying “actually it’s Aa1 now.” The Moody’s downgrade is newsworthy because it reflects market sentiment — people are worried about the budget deficit, etc. — more than because it affects it: Matt Levin; Re the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They don't include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they're getting (rather than from the decreased quantity of money they're getting). Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying: Ray Dalio
10 Downside Risks to the US Economic Outlook: Apollo
It’s been nearly two weeks since the China/US trade deal, but container traffic from China to the US hasn’t shown a strong rebound: Apollo
Mystery Options Buyer Bets Some $3 Billion on US Stock Rally
“Retail has learned the hard way, getting left behind during previous stocks recoveries supported by policy puts,” said Frank Monkam, head of macro trading at Buffalo Bayou Commodities. “There is almost an unwavering commitment from retail to never make that mistake again
French courts lock Telegram founder Pavel Durov from attending Oslo Freedom Forum
Elon Musk back to working ’24/7′ at Tesla, X and xAI
