Category Archive: Cryptocurrency, No picture
Polymarket bettors favor Len Sassaman as Satoshi in HBO documentary
Key Takeaways HBO’s latest documentary could link Len Sassaman to Bitcoin’s creation, Polymarket traders believe. Polymarket shows mixed bettor confidence on Satoshi’s definitive identity reveal. Share this article Bettors on Polymarket favor Len Sassaman over Hal Finney as the potential Satoshi in HBO’s upcoming documentary. Sassaman currently leads the poll with a 49% chance while […]
September: Very Much A “soft Landing” Jobs Report. But Will The Fed Use This To Fall Behind The Curve Again?
Especially in view of the relative weakness in the jobs report for the past few months, my focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession. For this month at least, the verdict was clear: both the Establishment […]
Oil Prices Could Surge By $20 As Tensions In Iran Escalate, Warns Goldman Sachs
Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened regional tensions.US crude futures surged by 5% on Thursday, with continued upward momentum on Friday, driven by concerns that Israel might strike Iran’s oil sector.This […]
Crude Oil Posts Fresh Monthly High As Markets Weigh Up Likelihood Of Fresh Escalation In Middle East
Crude Oil heads into its fourth straight day of gains for this week, accumulating more than 8% price rise since its opening on Monday. With tensions not easing in Lebanon, more risk is being priced in after headlines emerged that Israel was seeking green light from the Biden administration to target Oil installations in Iran. Concerns about […]
SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation
Key Takeaways Nvidia’s alleged misrepresentation of sales to crypto miners led to a class action lawsuit. The DOJ and SEC support the lawsuit’s revival, emphasizing the role of private actions in securities regulation. Share this article The US Department of Justice and Securities and Exchange Commission have voiced support for reviving a class action lawsuit […]
EUR/GBP Falls Below 0.8400 Due To Rising Likelihood Of A Rate Cut By ECB
EUR/GBP retraces its recent gains, trading around 0.8390 during the Asian session on Friday. This downside could be attributed to the lower inflation reading in the Eurozone increasing expectations of a rate cut by the European Central Bank (ECB) in October, which would mark the central bank’s third reduction this year.Earlier this week, the Harmonized Index of Consumer […]
FTX and 3AC would still be in business if Gensler took right approach, says Mark Cuban
Key Takeaways Mark Cuban said the SEC Chair’s regulatory approach contributed to the collapse of FTX and Three Arrows Capital. Cuban supports pro-crypto Senate candidate John Deaton, who is running against Elizabeth Warren. Share this article If Gary Gensler had adopted the right regulatory approach, he could have saved FTX and Three Arrows Capital (3AC) […]
What Israel’s Potential Response Could Mean For The Oil Market
Image Source: UnsplashThe oil market is on tenterhooks waiting to see how Israel responds to Iran’s recent missile attack. There are growing fears that Iranian oil infrastructure could potentially be targeted, pushing oil prices higher. However, the move in prices is fairly modest when considering the amount of supply at risk. Oil prices firm amid growing […]
Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue
Key Takeaways Tron’s Q3 revenue of $566 million exceeds that of Bitcoin, Ethereum, and Solana. Stablecoin transactions and memecoin activities significantly contribute to Tron’s revenue. Share this article Tron’s stablecoin ecosystem has propelled the network to new heights, generating $566 million in revenue during Q3 2023 and securing its position as a major player in […]
Nowcasting Private NFP Using ADP Data
Image Source: PexelsMy guess for private NFP:Figure 1: Private NFP (bold black), nowcast (blue), +/- 1 std error band (gray), Bloomberg consensus (red +). Source: BLS, Bloomberg, author’s calculations.The nowcast is +176K, vs +125K Bloomberg consensus.The nowcast is based on this regression:For comparison, GS provides some big data nowcasts for total NFP (GS adds 20K to ADP […]
