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July 24 Futures Market Dynamics
July 24 Futures Market Dynamics

Bitget·2024/07/26 05:01
Here’s When India Plans to Unveil Crypto Discussion Paper
Here’s When India Plans to Unveil Crypto Discussion Paper

The inter-ministerial group, tasked with developing a complete cryptocurrency policy, now includes the RBI and SEBI.

Cryptopotato·2024/07/26 04:59
BlackRock reveals key motivation behind launching crypto ETFs
BlackRock reveals key motivation behind launching crypto ETFs

Share link:In this post: BlackRock jumped into the Bitcoin ETF market mainly because their clients were asking for it. CEO Larry Fink, once a crypto skeptic, now sees Bitcoin as “digital gold” after studying the space deeply. There’s strong interest in Bitcoin and Ethereum, but not much enthusiasm for other cryptocurrencies among BlackRock’s clients.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on

Cryptopolitan·2024/07/26 01:19
VanEck gives Bitcoin until 2050 to hit $3 million per coin
VanEck gives Bitcoin until 2050 to hit $3 million per coin

Share link:In this post: VanEck predicts Bitcoin could hit $3 million per coin by 2050, becoming a major global currency. They think new tech will solve Bitcoin’s current transaction problems, making it useful for international trade. Despite its potential, Bitcoin has a lot of issues to clear before it can replace traditional currencies.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. W

Cryptopolitan·2024/07/26 01:19
U.S. economic growth hits 2.8% annualized rate in Q2
U.S. economic growth hits 2.8% annualized rate in Q2

Share link:In this post: The U.S. economy grew by 2.8% in Q2, beating expectations and showing strong consumer spending. The Federal Reserve is considering cutting interest rates, but the labor market is starting to soften. President Biden maintains tariffs on China and focuses on tech and climate policies, aiming for long-term economic stability.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on thi

Cryptopolitan·2024/07/26 01:19
There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says
There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says

Quick Take BlackRock Head of Digital Assets Robert Mitchnick said at the Bitcoin 2024 conference that the launch of spot Ethereum ETFs is unlikely to open the door to funds that track other crypto assets. ETH is not a bitcoin competitor — the assets are better seen as “compliments.” Bitcoin’s risks are fundamentally different from those of traditional assets, such as banking crises, geopolitical disorder, inflation, deficits, debt and currency debasement.

The Block·2024/07/25 23:22
Mystery surrounds $289 million in ETH that moved for the first time in 7 years
Mystery surrounds $289 million in ETH that moved for the first time in 7 years

Quick Take 92,000 ETH, valued at around $287.7 million, moved for the first time in seven years. The wallet initially received 96,474 ETH valued at $130,320 on Sept. 1, 2015 12:21:51 UTC from the Ethereum Foundation.

The Block·2024/07/25 22:58
Flash
12:25
Bitget lists BB, SMR, and SITM stock contracts with up to 20x leverage.
According to an official announcement reported by Odaily, Bitget stock contracts have now listed three underlying assets: SMR (NuScale Power Corporation), SITM (SiTime Corporation), and BB (BlackBerry Limited). These assets cover popular sectors such as nuclear technology, high-performance chips, and intelligent security. The mentioned contracts support up to 20x leverage.
12:16
The euro makes a dramatic comeback as the ceasefire fuels the market, but why can weak data hardly stop the bulls?
(1) During the European session on Thursday, the euro climbed strongly against other major currencies. Despite weak eurozone retail sales data, market sentiment improved significantly due to the Lebanon ceasefire agreement. Israel and Lebanon agreed to implement a ceasefire, coupled with easing concerns surrounding Trump’s tariff comments and falling oil prices, which together boosted risk appetite. (2) However, the euro's gains in the region were still constrained by multiple factors, including a new wave of tension in the private credit markets, continued worries from Trump’s tariff statements, and uncertainty regarding inflation and interest rate prospects. Data showed that eurozone retail sales in April declined by 0.4% month-on-month, worse than the expected drop of 0.3%, and in sharp contrast to March's growth of 0.8%. The year-on-year increase also slowed from 2.1% in March to 1.0%, mainly dragged down by falling sales of non-food items and automotive fuels. (3) In terms of market conditions, the euro rose against the pound to a four-day high of 0.8656; against the US dollar, Swiss franc, and yen, it climbed to 1.1631, 0.9191, and 185.96, respectively. Versus the Australian dollar, New Zealand dollar, and Canadian dollar, it reached 1.6302, 1.9803, and 1.6167, all recent highs. The market is watching for the release of the US weekly initial jobless claims data during Thursday's New York session to determine whether the euro can further test resistance levels.
12:15
Serenity, the "New Stock God": This round of pullback is a normal correction, and the long-term trend remains intact.
According to Odaily, today the US stock market experienced a broad pullback, with heightened risk aversion among investors causing concern. Renowned investor "New Stock God" Serenity publicly commented on the market performance, characterizing this decline as a routine correction. Serenity pointed out that the current situation is a normal, broad-based retreat and that the long-term trend of the US stock market remains unchanged, advising against a bearish outlook on the future due to this short-term pullback.
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