CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading
Bitcoin cash rose 3% and Ethereum classic added 2.5%.
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U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
The price of bitcoin initially showed little reaction to the soft veri even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.
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Crypto Exchange Bybit Withdraws From France in Response to Regulations
“It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations,” the company said in its post.
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First Mover Americas: BTC Warnings Finger Drop to $55K
The latest price moves in crypto markets in context for Aug. 2, 2024.
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Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire
The developers said the team’s positions were “targeted” and they will create an operational DAO to take ownership of the Kujira Treasury and core protocols.
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Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
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Kamala Harris Can’t Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank
“Kamala Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans,” said the commentary from OMFIF’s Digital Monetary Institute.
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ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report
Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.
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Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report
For the moment, only bitcoin and ether can be traded, while the company works on “expanding our crypto offerings in the near future.”
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Bitcoin Still Offers Attractive Risk-Reward Ratio, On-Chain Indicator Shows
Long-term holders are motivated to hold at bitcoin’s going market rate, implying an attractive risk-reward for existing or potential investors, according to the “reserve risk” indicator.