JUST IN: 🇩🇰 Denmark's Largest Bank Danske Bank just announced they hold 131,607 shares ($11.44 million) of #Bitcoin treasury company Strategy $MSTR.
2nd Largest Bank in the Nordics btw.
Source: https://x.com/BTCtreasuries/status/2087275361742492117
2nd Largest Bank in the Nordics btw.
Source: https://x.com/BTCtreasuries/status/2087275361742492117
The CFTC charges a Florida man over a $397 MILLION crypto Ponzi scheme with 1,600 victims.
Christopher Delgado and his firm Goliath Ventures allegedly lied about putting customer funds in DeFi liquidity pools.
Instead he spent $48 million on a yacht, $4.9 million on world travel and $2.9 million on luxury apparel and jewelry.
Delgado already pleaded guilty to wire fraud in June and faces up to 20 years per count. The SEC filed parallel charges Tuesday.
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Christopher Delgado and his firm Goliath Ventures allegedly lied about putting customer funds in DeFi liquidity pools.
Instead he spent $48 million on a yacht, $4.9 million on world travel and $2.9 million on luxury apparel and jewelry.
Delgado already pleaded guilty to wire fraud in June and faces up to 20 years per count. The SEC filed parallel charges Tuesday.
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NEW: 🇰🇭 BREAKING: 🇰🇭 Cambodia moves to regulate Bitcoin & crypto.
• Prime Minister ordered new working group.
• Co-led by Finance Ministry & Central Bank.
Source: https://x.com/BitcoinArchive/status/2087267620118532176
• Prime Minister ordered new working group.
• Co-led by Finance Ministry & Central Bank.
Source: https://x.com/BitcoinArchive/status/2087267620118532176
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NEW: 🟠 CNBC says "There's a lot more institutional buy in this time" for Bitcoin 👀
"If you're going by the 4-year cycle of Bitcoin.. a bull market will come at the end of this year... there is of course a lot of demand from the institutional side that might help keep it afloat"
Source: https://x.com/BitcoinMagazine/status/2087289032048869598
"If you're going by the 4-year cycle of Bitcoin.. a bull market will come at the end of this year... there is of course a lot of demand from the institutional side that might help keep it afloat"
Source: https://x.com/BitcoinMagazine/status/2087289032048869598
From the Research Desk –
· On the geopolitical front, Trump says the US has total control over the Strait of Hormuz, but vessel flows and Iran’s denial show that this does not fully reflect the truth – mixed messaging once again. Pakistan recently noted that the path towards peace in the Gulf remains possible, as negotiations continue. However, while positive news, these are simply words for the time being; we have to go by what we see, with oil prices still elevated. Brent crude is comfortably above both the 50-day and 200-day SMAs, recently clipping highs of US$90/barrel.
· Chip stocks fuelled a rally in regional indices in Asia overnight. South Korea’s KOSPI added 3.8%, with Samsung and SK Hynix both catching a solid bid. In US markets, we saw modest losses across key benchmarks; the S&P 500 ended down 0.3%, led by real estate and communication services.
· In the FX space, the JPY remains in focus, with USD/JPY on the doorstep of ¥160, despite the US and Japan recently intervening to buy yen. ¥160 appears to be the line in the sand for further yen intervention, though daily resistance between ¥160.93 and ¥160.04 is calling for attention. Ultimately, while intervention certainly got the markets talking and pushed USD/JPY down by around 600 pips, it is not enough to halt USD/JPY’s upside as long as the cost of money in Japan remains cheap, and dip-buyers are demonstrating this after recoiling from ¥155.
· US Treasury yields fell modestly across the curve on Tuesday, finishing the session off best levels amid developments (or lack of) in the Middle East and ahead of today’s US inflation report. Oil prices are clearly dominating sentiment right now; if you know where oil is likely to trade, you can get a fairly good idea of where CPI inflation is headed.
· It is all about the July US CPI inflation report today, landing at 12:30 pm GMT. It is also perceived as more important than the US jobs release, and is one of two reports we get before the September Fed meeting. Expectations are for the YY headline and core measures to come in slightly lower at 3.4% (from 3.5%) and 2.5% (from 2.6%), respectively. Ultimately, a downside surprise could add volatility to yields and the USD, particularly following last week’s US jobs data, and the USD being overstretched to the upside. A broad miss would also see an unwind in rate pricing; Fed hikes remain priced into the curve, with around 20 bps implied by year-end and nearly 50 bps by mid-2027.
Written by FP Markets Chief Market Analyst, Aaron Hill
#FPMarkets #USIran #stocks #forex #bonds #CPI #inflation
· On the geopolitical front, Trump says the US has total control over the Strait of Hormuz, but vessel flows and Iran’s denial show that this does not fully reflect the truth – mixed messaging once again. Pakistan recently noted that the path towards peace in the Gulf remains possible, as negotiations continue. However, while positive news, these are simply words for the time being; we have to go by what we see, with oil prices still elevated. Brent crude is comfortably above both the 50-day and 200-day SMAs, recently clipping highs of US$90/barrel.
· Chip stocks fuelled a rally in regional indices in Asia overnight. South Korea’s KOSPI added 3.8%, with Samsung and SK Hynix both catching a solid bid. In US markets, we saw modest losses across key benchmarks; the S&P 500 ended down 0.3%, led by real estate and communication services.
· In the FX space, the JPY remains in focus, with USD/JPY on the doorstep of ¥160, despite the US and Japan recently intervening to buy yen. ¥160 appears to be the line in the sand for further yen intervention, though daily resistance between ¥160.93 and ¥160.04 is calling for attention. Ultimately, while intervention certainly got the markets talking and pushed USD/JPY down by around 600 pips, it is not enough to halt USD/JPY’s upside as long as the cost of money in Japan remains cheap, and dip-buyers are demonstrating this after recoiling from ¥155.
· US Treasury yields fell modestly across the curve on Tuesday, finishing the session off best levels amid developments (or lack of) in the Middle East and ahead of today’s US inflation report. Oil prices are clearly dominating sentiment right now; if you know where oil is likely to trade, you can get a fairly good idea of where CPI inflation is headed.
· It is all about the July US CPI inflation report today, landing at 12:30 pm GMT. It is also perceived as more important than the US jobs release, and is one of two reports we get before the September Fed meeting. Expectations are for the YY headline and core measures to come in slightly lower at 3.4% (from 3.5%) and 2.5% (from 2.6%), respectively. Ultimately, a downside surprise could add volatility to yields and the USD, particularly following last week’s US jobs data, and the USD being overstretched to the upside. A broad miss would also see an unwind in rate pricing; Fed hikes remain priced into the curve, with around 20 bps implied by year-end and nearly 50 bps by mid-2027.
Written by FP Markets Chief Market Analyst, Aaron Hill
#FPMarkets #USIran #stocks #forex #bonds #CPI #inflation
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Hormuz tensions keep Brent near US$90, chip stocks powered a KOSPI bounce, and USD/JPY is back knocking on intervention levels. But the real story drops at 12:30 pm GMT today – the US July CPI, and it might just decide where the Fed goes next.
Your Wednesday morning brief is here:
#FPMarkets #Hormuz #stocks #USDJPY #CPI #inflation #Fed
Your Wednesday morning brief is here:
#FPMarkets #Hormuz #stocks #USDJPY #CPI #inflation #Fed
US regulator OCC says crypto firms should be allowed to become national banks.
It says firms legally working with digital assets should have a clear path to a banking charter.
The charter would allow crypto firms to provide federally regulated custody and other banking services in the US.
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It says firms legally working with digital assets should have a clear path to a banking charter.
The charter would allow crypto firms to provide federally regulated custody and other banking services in the US.
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BREAKING: 🇺🇸 U.S. bank regulator opens national charters to Bitcoin & crypto firms
• OCC pushes to revive new bank licenses
• Explicitly includes crypto companies
Source: https://x.com/BitcoinArchive/status/2087308974043406845
• OCC pushes to revive new bank licenses
• Explicitly includes crypto companies
Source: https://x.com/BitcoinArchive/status/2087308974043406845
Research desk:
All of the key US #CPI #inflation numbers came in as expected. Seeing some whipsaw action on #USDJPY and #gold, right now.
#FPMarkets
All of the key US #CPI #inflation numbers came in as expected. Seeing some whipsaw action on #USDJPY and #gold, right now.
#FPMarkets
U2
GRASS LONG 20x ➡️Enter - market 📌Target - 0.30253 - 0.30786 - 0.31388 - 0.32994 ❌ Stop - 0.28442
Hello everyone!
GRASS has introduced 3 target levels 🔥
GRASS has introduced 3 target levels 🔥
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JUST IN: 🇺🇸 Bitwise hits $600M in Bitcoin ETF in-kind deals — Matt Hougan.
“They transfer BTC into an ETF tax-free.”
“We’ll see over $1B in coming years.”
Source: https://x.com/BitcoinArchive/status/2087279493211709700
“They transfer BTC into an ETF tax-free.”
“We’ll see over $1B in coming years.”
Source: https://x.com/BitcoinArchive/status/2087279493211709700
JUST IN: 🇺🇸 US regulator OCC approves Bitcoin and crypto firms to become national banks.
"America and the OCC are once again open for business."
Source: https://x.com/BitcoinMagazine/status/2087512671209869538
"America and the OCC are once again open for business."
Source: https://x.com/BitcoinMagazine/status/2087512671209869538
DATA: 🟠 Bitcoin transaction fees now account 0.69% of miner revenue, a 10-year low.
Source: https://x.com/BitcoinNewsCom/status/2087531296654585887
Source: https://x.com/BitcoinNewsCom/status/2087531296654585887
JUST IN: 🇸🇪 Swedish public company #Bitcoin Treasury Capital's (BTC PREF) will officially pay Europe's first-ever BTC-backed preferred stock dividend on August 19.
Today is the last day to buy (BTC PREF) to receive the first dividend payment.
Source: https://x.com/BTCtreasuries/status/2087574001317249489
Today is the last day to buy (BTC PREF) to receive the first dividend payment.
Source: https://x.com/BTCtreasuries/status/2087574001317249489
BREAKING: 🟠 GOLDMAN ACQUIRES $1 BILLION BITCOIN ETF IN TAKEOVER DEAL 👀
• Buys ETF provider Neos for $2.3B
• Fund pays 27% yield, but limits BTC upside
Source: https://x.com/BitcoinArchive/status/2087572411658998184
• Buys ETF provider Neos for $2.3B
• Fund pays 27% yield, but limits BTC upside
Source: https://x.com/BitcoinArchive/status/2087572411658998184