📢Macro
⚫️NASDAQ: $18.3k (-2%)
⚫️Gold: $2400 (0%)
⚫️Producer Price Index (PPI) exceeds expectations, causing US futures to drop
⚫️
#Tesla falls 8% due to robotaxis delay
⚫️Yen rebounds following suspected intervention
⚫️S&P 500 labeled 'most overbought' since late 2023
- S&P 500 still trades at 17.7x earnings
⚫️US spends $140bn on debt interest in June
⚫️EU accuses X of deceptive use of blue checks
⚫️X developing a 'dislike' button
⚫️AI chips need to generate $600m to cover CAPEX
💰 Crypto
⚫️BITCOIN: $57.6k (-1%)
⚫️ETHERIUM: $3100 (-1%)
⚫️SOLANA: $138 (-4%)
⚫️Top Gainers: XRP, TRX, XLM, MKR
⚫️BTC ETF inflows: +$79m
⚫️
#BTC and stocks show negative correlation recoupling
⚫️German state still holds $300m BTC for sale
⚫️Genesis sells $760m BTC in the past month
⚫️ETFs experience five consecutive days of inflows
⚫️Stablecoin market cap reaches cycle high
⚫️ETH ETF inflows estimated to reach $5-10bn in 2024
⚫️Over $100bn ETH now staked
⚫️House fails to override Biden's crypto veto
⚫️Supreme Court limits SEC's power in crypto
⚫️SEC drops BUSD lawsuit, citing error
⚫️Crypto trading volume projected to exceed $108T in 2024
⚫️Coinbase faces criticism over Gensler's email request
⚫️Nearly $2bn crypto options expire today
⚫️Scaramucci's SkyBridge restricts client exits
⚫️Compound CEO and CTO resign to launch new project
⚫️SquareSpace DNS attack impacts crypto projects
🌟 Web3 & NFT
⚫️Hot coins: MOB, BRO, FML,
#BARRON ⚫️Hot NFTs: Frogana, Mocaverse, Milady, Retardio
⚫️BLUR price drops as MachiBigBrother liquidates
⚫️CRV, ENS, PEOPLE slated for Coinbase perpetual listing
⚫️MOCA launches with $1.1bn valuation, eyes UPbit listing
⚫️MOG unveils app to 'MOG' any photo
⚫️PORTAL introduces Portal Play feature
⚫️Andreessen donates $50k to AI agent, plans memecoin launch
⚫️Sorare to kick off season with $15m cash prize pool
⚫️FRIEND decline raises concerns over tokenomics
#7052 #dailynews