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On the Margin Newsletter: A look at crypto’s performance halfway through 2024
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
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
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
Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch
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
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?
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
Flash
19:50
Trump says ships are passing through the Strait of Hormuz
The Strait of Hormuz, as a globally critical oil transport route, has always had a decisive impact on the stability of the international energy market, and its maritime status is consistently under close scrutiny from the international community.
19:39
According to sources familiar with the matter, Starbucks recently underwent a round of workforce reduction, cutting around 60 positions at its Hong Kong office and approximately 120 positions at its London office.
This adjustment is seen as part of the global coffee chain giant's effort to optimize its global operating structure and improve efficiency. The company stated that this is a regular part of its ongoing evaluation and adjustment of operations to support its long-term growth strategy, aiming to reallocate resources to key growth areas. Despite the personnel changes, Starbucks reaffirmed its unchanged commitment to the relevant markets and will continue to focus on providing a high-quality experience for customers. Market analysts believe this move reflects the dining and retail industry's increasing focus on streamlining operations and enhancing efficiency when faced with cost pressures and growth challenges.
19:23
According to relevant sources, a very large oil tanker is once again sailing from the Persian Gulf towards the Strait of Hormuz after a brief course adjustment.
Tanker tracking data shows that the Desh Vibhor, which had previously appeared to be planning to sail along the southern route recommended by the US military, has now switched to a more northern route, heading towards the Iranian coastline. This super tanker previously performed a turning maneuver, and later adjusted its course again to resume its journey toward the Strait of Hormuz.After the US and Iran signed a temporary peace agreement this Wednesday, the international crude oil market has been closely monitoring the dynamics of oil transportation through the Strait of Hormuz. Although the two countries have reached an agreement, Iran has stated publicly that any vessel without Iranian permission is still prohibited from passing through this waterway.
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