🥲 #IBIT Net inflow of funds into Bitcoin ETF from BlackRock = $ 0. (data for April 24)
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🇺🇸 US macro data:
▪️ GDP (QoQ) (Q1)
FACT: 1.6%
FORECAST: 2.5%
PREV.: 3,4%
▪️ GDP deflator (QoQ) (Q1)
FACT: 3.1%
FORECAST: 3.0%
PREV.: 1.7%
▪️ The number of initial applications for unemployment benefits
FACT: 207K
FORECAST: 214K
PREV.: 212K
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🤕 CZ can become a victim of predators...(original)
The former head of the Washington prison (FDC SeaTac – in which the former CEO of Binance can be imprisoned):
"Changpeng Zhao may become a victim of predators (other prisoners), undermine his physical and mental health... Because of his naivety, lack of prison experience + his financial resources, money will be shaken from him and robbed."
"There are not enough staff at FDC SeaTac prison, given the number of prisoners." (one of the letters asking for leniency)
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🔥 Stripe payment giant to add transfer support to #USDC - techcrunch
- Initially, transfers to the USDC will be available on the Solana, Ethereum and Polygon networks.
- The company will start accepting cryptocurrency payments for the first time since 2018 (then it stopped supporting transfers to BTC “due to the instability” of the first cryptocurrency).
✔️ Stripe: "Cryptocurrency is gaining real usefulness due to increased transaction speed and lower costs."
Stripe is an analogue of PayPal for professional use (e-commerce).
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🇺🇸 US Macro Data (PCE):
▪️ Basic price index of personal consumption expenditures (YoY) (ida)
FACT: 2.8%
FORECAST: 2.6%
PREV.: 2.8%
▪️ Basic price index of personal consumption expenditures (mom) (ida)
FACT: 0.3%
FORECAST: 0.3%
PREV.: 0.3%
▪️ Price index of personal consumption expenditures (YoY) (ida)
FACT: 2.7%
FORECAST: 2.6%
PREV.: 2.5%
▪️ Price index of personal consumption expenditures (m/m) (ida)
FACT: 0.3%
FORECAST: 0.3%
PREV.: 0.3%
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#matic #xlm
💸 Franklin Templeton tokenized shares of the FOBXX fund for $380,000,000 on the Polygon and Stellar blockchains. (cryptoslate)
Purpose: to provide P2P transfers for intermediaries.
The Franklin OnChain United States Government Money Fund invests at least 99.5% of its total assets in U.S. government securities.
Franklin Templeton manages more than 1.5 trillion $ in assets.
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🚫 🇺🇸 #XRP Ripple switched customers of its Ripple Payments (ODL) service from the USA from XRP to USDT. (coinedition)
The reason: regulatory pressure.
In other countries, Ripple Payments works as before. The crypto exchange buys XRP (usually from Ripple) – they sell the token to financial companies. These companies then use XRP as an intermediate currency to convert one paper currency into another.
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🧐 FOX: ConsenSys has hired lawyers from Wachtell, who are being used by Coinbase in a lawsuit with the SEC.
"They definitely didn't save money by hiring lawyers from the BEST law firm in the USA." – Andrew Keys
Consensys is the developer of MetaMask.
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🎤 Eminem rapped for the new Crypto․com commercial. (a post on his account)
– The full version of the promotional video will be released tomorrow during the Los Angeles Lakers game in the NBA Playoffs.
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Republic First Bank has filed for bankruptcy, marking the first American bank to do so this year. As reported by the FDIC, at the end of January, the bank held approximately $6 billion in assets. Customers with deposits at Republic Bank will be transitioned to Fulton Bank automatically.
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Effective April 30, the Depository Trust & Clearing Corporation (DTCC) will prohibit the use of Bitcoin Exchange-Traded Funds (ETFs) and other crypto instruments as collateral for financial transactions in the United States. This move essentially renders the value of cryptocurrency "securities" on American funds nearly worthless.
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⚡️ Vitalik Buterin Advocates for Transition from Proof-of-Work to Proof-of-Stake in Ethereum
Vitalik Buterin, co-founder of Ethereum, emphasized that the Proof-of-Work (PoW) consensus algorithm serves as a transitional phase for Ethereum's journey towards Proof-of-Stake (PoS). Buterin highlighted the centralization concerns associated with PoW, illustrating with a diagram indicating that a handful of pools control the majority of the network.
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#calendar
⚡️ Calendar of key events for this week:
Monday, April 29th:
- Nothing important.
Tuesday, April 30:
🇨🇳PRC - Manufacturing/Services/Composite PMI (Apr)
🇪🇺EU - GDP (1q.)
🇪🇺EU - Consumer Inflation CPI (Apr)
Wednesday, May 1st:
🇨🇳China - no bidding
🇺🇸USA - ADP Nonfarm Payrolls (Apr)
🇺🇸USA - ISM Manufacturing PMI (Apr)
❗USA - The number of open vacancies in the JOLTS labor market (March)
❗USA - Fed rate decision
❗️USA - Conference with J.By Powell
Thursday, May 2nd:
🇨🇳China - no bidding
🇺🇸USA - Initial Jobless Claims
Friday, May 3rd:
🇨🇳China - no bidding
❗USA - Nonfarm Payrolls (Apr)
🇺🇸USA - Unemployment Day (Apr)
🇺🇸USA - ISM Services PMI (Apr)
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The ticker symbol for the spot Ethereum ETF from Franklin Templeton, "EZET," has surfaced on the Depository Trust & Clearing Corporation (DTCC) website. This occurrence mirrors the process observed with spot Bitcoin ETFs prior to SEC approval, indicating progress towards bringing the ETF to market. It's important to note that the DTCC list encompasses both active and potential ETFs, suggesting no guarantee of listing. The Depository Trust & Clearing Corporation plays a key role in clearing transactions on NASDAQ.
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Tether, the issuer of the USDT stablecoin, has allocated $200 million towards Blackrock Neurotech, a biotech firm specializing in tools aimed at assisting individuals dealing with paralysis, loss of function, and neurological disorders. This investment aligns with Tether's recent announcement of diversifying its portfolio and venturing into different sectors of the global economy.
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Stripe, a leading payment platform, has incorporated Avalanche (AVAX) into its application, allowing users to purchase AVAX directly without resorting to exchanges. This move comes after Stripe resumed crypto payments, including support for transfers to USDC, following a six-year hiatus.
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📊 Coinshares: Report on cryptocurrency financial flows.
🩸Capital OUTFLOW from the crypto industry continues, $ 435,000,000 per week.
▫️ Capital outflow from crypto products related to #BTC = $423,000,000.
▫️ Capital outflow from crypto products related to #ETH = $38,400,000.
Last week, there was a slight inflow of capital into crypto products related to #LTC, #DOT, #XRP and #ADA.
Bernstein: "The slowdown in the inflow of funds into Bitcoin ETFs is a temporary phenomenon. Our forecast remains the same – $150,000 BTC by 2025."
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🇪🇺 Macro data #ECB (Eurozone) - CPI:
▪️Consumer Price Index (CPI) (YoY) (Apr)
FACT: 2.4%
FORECAST: 2.4%
PREV.: 2,4%
▪️Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.6%
PREV.: 0.8%
▪️Basic Consumer Price Index (CPI) (YoY) (Apr)
FACT: 2.7%
FORECAST: 2.6%
PREV.: 2.9%
▪️Basic Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.7%
PREV.: 1,1%
▪️GDP (YoY) (Q1)
FACT: 0.4%
FORECAST: 0.2%
PREV.: 0.1%
▪️GDP (QoQ) (Q1)
FACT: 0.3%
FORECAST: 0.1%
PREV.: 0,0%
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Animoca Brands and Darewise have jointly revealed the Opal Protocol on Twitter, presenting it as an ecosystem catering to WEB3 games,
entertainment, DeFi, education, and culture, all anchored on the Bitcoin blockchain.
The Opal Protocol introduces #BLIF as its native token, promising to fuel various activities within its ecosystem.
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