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Empire Newsletter: How the crypto conversation has evolved in 2 years
Empire Newsletter: How the crypto conversation has evolved in 2 years

Plus, is crypto sentiment shifting for the better?

Blockworks·2024/07/17 19:07
Bitcoin sale nets German government $2.8B
Bitcoin sale nets German government $2.8B

Cointelegraph·2024/07/17 18:37
The Daily: Grayscale's new AI fund, Trump's NFT tease, Germany's bitcoin selloff nets $2.9 billion and more
The Daily: Grayscale's new AI fund, Trump's NFT tease, Germany's bitcoin selloff nets $2.9 billion and more

Grayscale launches new fund for decentralized artificial intelligence.Trump says he wants U.S. in charge of crypto before China, teases another NFT launch.German government’s bitcoin selloff nets $2.9 billion as film piracy case marches on.The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/07/17 18:31
The Scoop: Mixed sentiments and the evolving crypto market
The Scoop: Mixed sentiments and the evolving crypto market

The crypto market has felt strange recently — not quite bullish, yet not quite bearish. Is conference fatigue to blame?This column is adapted from The Scoop newsletter.

The Block·2024/07/17 18:31
Flash
09:13
Ansem: The pair trading strategy of going long on HYPE and short on BTC outperforms simply going long on HYPE.
Analyst Ansem stated on X that the pair trading strategy of going long on Hyperliquid (HYPE) and short on BTC has outperformed the strategy of simply going long on HYPE against the US dollar so far this year.
09:10
US Stock Alert | LPA surges 57% pre-market! Sells Peru logistics park for $145 million, nets $85 million profit and establishes strategic alliance
格隆汇 June 18|A certain exchange surged 57.68% before the market open, trading at $4.95. According to news, LPA announced the sale of its flagship logistics park in Lima, Peru—Parque Logístico Lima Sur—to Peru's renowned diversified real estate investment trust (REIT) FIBRA Prime for $145 million. Before repaying related debts and paying taxes, this transaction is expected to bring LPA a net profit of $85 million. The sale is not only an asset divestment but also marks the establishment of a strategic partnership between LPA and FIBRA Prime. LPA will continue to operate the logistics park on behalf of FIBRA Prime, overseeing tenant relations and service delivery, and will thus earn recurring management fee income.
09:07
JPMorgan says the sharp volatility in chip stocks has forced some investors to reduce their positions, which could trigger market "panic" as a result.
The strategist team led by Nikolaos Panigirtzoglou stated that while chip stocks rebounded to historic highs this week, volatility also increased, which could trigger a so-called VaR shock for investment portfolios. This refers to significant market fluctuations causing investors to breach their Value-at-Risk constraints, forcing them to reduce positions even if they remain bullish on related trades. Panigirtzoglou wrote in a report: "The increase in VaR-sensitive investors raises the market’s sensitivity to self-reinforcing, volatility-driven selloffs." (Bloomberg)
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