“TRUMP EYES ARAB STATES TO HELP FUND IRAN WAR AS COSTS SURGE,” monosyllabically noting that the $200 billion sits on top of an already-astronomical $900 billion. And so Iran, valiantly or vicariously, demands “full war reparations and compensation” as if it was a forgotten invoice.
RSI circa 42, CCI at −104, MACD dipping 947 points into gloom. In sum, Bitcoin’s momentum is more a languid yawn than a decisive sprint, corroborated by Intellectia’s observation of 30-day volatility over 3%, where liquidity behaves like shy dancers avoiding the spotlight.
Adler’s argument is supported by two charts, which, when examined together, seem to dispel the increasingly popular narrative that a lower BTC-equity correlation means Bitcoin is heading off in its own direction. The first of these charts tracks the 13-week BTC-S&P correlation, which has recently turned negative and has stayed that way. On first glance, this might appear to be a victory for Bitcoin, but, as Adler explains, it’s all too easy to misinterpret such data.
In a twist that would make even the most jaded observer raise an eyebrow, the United States teeters on the brink of allowing its citizens to entwine their retirement destinies with the cryptocurrencies-those digital phantoms of value-and the esoteric realm of private market assets. Reuters, ever the harbinger of such curiosities, reports that the Department of Labor’s latest proposal would fling open the gates of 401(k) plans to investments as arcane as private equity, private credit, and the aforementioned digital chimeras.
As I’ve been observing, the market’s upward movement feels fragile. We’re still seeing lower highs, which suggests a cautious short-term trend.
In what can only be described as the financial equivalent of putting your money on a treadmill, Plume has rolled out a pilot that turns salaries into tokenized real-world assets. Yes, your paycheck could start doing its own investing before you even hit “Deposit.”
Solana has been steadily losing value compared to Ethereum since March 26th, and this downward trend is now in its sixth consecutive day. Today’s decline is the most significant drop so far.
Nasdaq has officially updated its Nasdaq-100 inclusion rules.
On the firm’s “The Markets” podcast-a title as grandiose as it is vague-Lindsay Rosner, the high priestess of multi-sector investing, pontificates on the recent tumult. An energy shock, tied to the Iran conflict, has sent yields soaring, forcing the markets to reconsider their central bank worship. How quaint, that the world’s fate should hinge on such trifles.
Circle’s latest minting spree is just another chapter in the epic saga of USDC’s journey through the Solana blockchain. And let me tell you, the speed is astonishing. SolanaFloor-our trusty source of all things Solana-was practically giddy about it, saying “Circle has minted ~750 million $USDC on @solana in the last 6 hours.” But wait, they were only getting started. A separate post gleefully pointed out “750M $USDC minted on Solana in the past 24 hours.” Clearly, Circle’s minting machine is in overdrive. In fact, SolanaFloor was so excited earlier this year, they shared a mint where Circle “just minted $750M $USDC on Solana in the last 10 minutes.” Ten minutes. Yes, you heard that right-minutes. Not hours, minutes. That’s the kind of minting frenzy we’re talking about.