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Quick Take QCP Capital analysts anticipate more Chinese stimulus measures that could boost risk assets, including cryptocurrencies. China announced a range of stimulus measures on Tuesday that lifted global stock indices — but so far have failed to shake the cryptocurrency market out of its current stagnation.
Quick Take Harris said Wednesday that under her leadership, the United States will “recommit” to global leadership in the sectors that “define the next century,” specifically mentioning the word blockchain. Unlike Donald Trump, the Democratic presidential nominee has been mum about cryptocurrency on the campaign trail.
Share link:In this post: So far this month, the bankrupt FTX estate has received more than $10 million from different protocols. Coinbase’s Conor Grogan suggests FTX may still have 7 to 8-figure worth of assets in abandoned Alameda wallets. The debtors have since recovered over $16 billion for reimbursement.
Blockchain data shows Celo’s growth was boosted by key applications like Minipay and Valora, particularly in markets like Nigeria and Kenya.
- 13:32The price of 1 Bitcoin is almost equivalent to 1 kilogram of goldAccording to Cointelegraph, the current price of 1 Bitcoin is around $102,900, which is almost equivalent to the price of 1 kilogram of gold.
- 13:25Data: ETH, XRP, DOGE fall about 3% after Moody's downgrades US credit ratingMoody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing widening deficits, rising interest expenses, and a lack of political will to control spending. As a result, major cryptocurrency prices fell, with Ethereum (ETH), XRP, and Dogecoin (DOGE) each dropping by about 3%.
- 13:25Important Events and Data Preview for Next Week: U.S. Initial Jobless Claims for the Week Ending May 17 to be Released on ThursdayImportant events and data forecast for next week: Monday: Speech by Federal Reserve Vice Chair Jefferson; Wednesday: Meeting hosted by Federal Reserve's Bostic, keynote speeches by Harker and Daly; Thursday: U.S. initial jobless claims for the week ending May 17; Friday: Keynote speech by New York Fed President Williams at the Monetary Policy Implementation Workshop. (Jin10)