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1Bitget UEX Daily | US-Iran Peace Draft Exposed Driving Oil Unbanning; Warsh's Fed Debut Tonight; SpaceX Market Cap Surges Past Amazon 2Waiting for Walsh's Debut: What Has Changed and What Remains the Same 3FOMC Preview: Warsh's First Show — Can Risk On Continue?【Buy US Spot Stocks, Get NVIDIA Free】

On the Margin Newsletter: A look at crypto’s performance halfway through 2024

Plus, what the latest economic data means for interest rates

Blockworks·2024/07/05 16:52

U.S. unemployment rate hits 4.1%, highest since 2021

Share link:In this post: The U.S. unemployment rate rose to 4.1% in June, the highest since November 2021, despite an increase of 206,000 jobs. Long-term unemployment increased, and racial disparities in joblessness persisted, with higher rates for Black and Asian workers. Federal Reserve officials remain cautious about adjusting interest rates.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this

Cryptopolitan·2024/07/05 16:22

Despite Mt Gox sell-off, market makers and investors are cautiously optimistic on BTC

Quick Take News of Mt Gox moving to repay creditors has sparked a broad crypto market sell-off. Market makers and investors, however, remain cautiously optimistic about bitcoin’s prospects.

The Block·2024/07/05 15:55

How Much Will Each Investor Get From the Bankrupt Crypto Exchange Mt. Gox?

Cryptodnes·2024/07/05 14:43

Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low

Cointelegraph·2024/07/05 14:31

Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch

The Grayscale Ethereum Trust (ETHE) discount to net asset value (NAV) has quietly become a premium ahead of an anticipated spot ETF launch.The ETHE premium to NAV hit 0.31% on July 3, according to YCharts data.

The Block·2024/07/05 14:07

Crypto price correction continues despite equity indices gaining on robust US non-farm payrolls data

Price corrections continued in the wider cryptocurrency market, despite equity indices testing new highs following the release of U.S. non-farm payrolls data.

The Block·2024/07/05 13:49

More Details About the Mt. Gox Bitcoin Repayments: What’s Next?

The commencement of Mt Gox distributions comes as BTC struggles to remain above $54,000 after plunging roughly 5% in the past 24 hours.

Cryptopotato·2024/07/05 12:46

Solana (SOL) holds up well against Bitcoin (BTC) and Ethereum (ETH) during current crypto crash

Cryptodaily·2024/07/05 12:01

Crypto Price Analysis 7-5 BTC, ETH, SOL, DOT, TON, SHIB, LTC, ATOM

Cryptodaily·2024/07/05 10:13

Flash

10:33

International Energy Agency: UAE Expected to Become Major Non-OPEC+ Supplier Next Year

The Paris-based institution expects the country’s oil production to increase by 730,000 barrels per day, reaching 5.2 million barrels per day. The International Energy Agency stated: “With the withdrawal from OPEC+ and associated quota restrictions, future production is expected to be closer to operational capacity.” “The UAE’s abundant domestic resources and rapidly developing export capabilities enable the country to effectively increase output until 2027, without relying on agreements regarding the opening of the Strait of Hormuz.”

10:29

Japanese bonds recovered from yesterday's losses, with the 10-year yield falling back to 2.60%

⑴ Japanese government bonds recovered most of yesterday's losses on Wednesday, with the 10-year yield falling by 4.5 basis points to 2.60%. The 20-year and 30-year yields respectively declined by 6.5 and 7 basis points, to 3.47% and 3.705%. ⑵ JGB futures jumped at the open following overnight gains, breaking above the 128.00 mark and trading at high levels between 128.10 and 128.20, reaching an intraday high of 128.24 in the afternoon. ⑶ Market participants were surprised by the scale of the rebound, as the weak yen is expected to keep import costs elevated, potentially causing the central bank to lag behind the curve. However, domestic investors began to buy in after the central bank meeting. ⑷ In the morning session, some institutions conducted buying operations on the 10-year cash bonds, while regional accounts and life insurance companies also showed buying intentions in the medium-term sector. ⑸ A trader noted that the central bank will conduct bond-buying operations tomorrow, and sellers are relatively cautious ahead of the operation, which has provided some support to the market.

10:25

The third fully loaded oil tanker has crossed the US blockade line from Iran to Asia.

Jinse Finance reported that on June 17, ship tracking data showed a third oil tanker fully loaded with crude oil has left Chabahar Port in Iran, crossing the blockade set by the US and heading for Asia. The Suezmax tanker Sonia I departed last night from the port located near the Iran-Pakistan border. The vessel has a carrying capacity of approximately 1 million barrels of crude oil. The draft of the ship indicates it is fully loaded, with its destination listed as Singapore, a common transshipment hub for ships headed to Asian markets. The departure of Sonia I closely follows that of the Very Large Crude Carriers Hero II and Diona, each loaded with about 2 million barrels of Iranian crude oil. These two vessels did not specify their exact destinations but are both heading toward the southern tip of India, a typical route to the Malacca Strait near Singapore. Iranian media reported on Tuesday that the US blockade of Iranian ports, which began in mid-April, is being lifted.

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