In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations…
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JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast,…
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In an environment of surging U.S. deficits and monetary easing, former Bitmex CEO Arthur Hayes delivered a critical review this week of Treasury Secretary Janet Yellen’s fiscal and monetary strategies. Hayes highlighted the complexity and rise of bond yields and the role of bitcoin as a fiscal counterbalance. Hayes: ‘The Smartest Trade Is Going Long…
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The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a previous downgrade by Fitch and reflects ongoing apprehension among investors about federal spending and political discord. Moody’s Marks U.S. Credit Negative; Biden Administration Challenges…
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Year-to-date, bitcoin (BTC), the leading digital currency by market cap, has witnessed a staggering increase of over 100%, sparking curiosity about the duration of its upward trajectory. In a Thursday interview with Gareth Soloway, the head market strategist at inthemoneystocks.com, the expert delved into the potential longevity of this rally. Soloway also touched upon the…
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Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral for reverse repo operations.
Tether U.S.…
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Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent Bloomberg Intelligence analyst observed that bitcoin’s 180-day volatility, hovering near record…
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Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage. Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward. Bitcoin remained within a narrow 4.3% range…
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The Bitcoin futures premium surge is having traders ask whether this is excitement or a return to the average after a multimonth bear market. The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean”…
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According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144%…
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