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On the Margin Newsletter: Crypto may seem down, but here’s why analysts remain optimistic
On the Margin Newsletter: Crypto may seem down, but here’s why analysts remain optimistic

Meanwhile, stocks rally after Jerome Powell finishes his Capitol Hill tour

Blockworks·2024/07/10 21:55
Chances of a September rate cut increase for Federal Reserve
Chances of a September rate cut increase for Federal Reserve

Share link:In this post: Jay Powell addresses the Senate with an update on his outlook for the economy. The Fed is scared of making a slightly wrong move, because it could tumble the economy. QCP expects softer CPI figures that would boost the crypto market that has remained surprisingly resilient.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research

Cryptopolitan·2024/07/10 17:28
Flash
11:04
Data: Morgan Stanley buys the dip, total bitcoin holdings exceed 4,300
According to ChainCatcher, Arkham monitoring data shows that Morgan Stanley has been "buying the dip" in the past week, increasing its holdings via its spot Bitcoin ETF MSBT by a total of 266.56 BTC, worth 17.26 million US dollars. As of now, its total Bitcoin holdings have reached 4,348 BTC, valued at approximately 273.8 million US dollars.
10:43
Caixin: Token exports are not yet a standardized concept and lack complete application cases
According to Caixin, Token export is not yet a standard concept in regulatory documents or corporate annual reports, and there has not yet been a fully disclosed case in the public market that can simultaneously cover both overseas clients accessing China’s AI data centers using Tokens, as well as covering the two stages of cross-border payment, clearing, and final settlement completed through central bank digital currency.
10:32
Data: If BTC falls below $60,482, the cumulative long liquidation volume on major CEXs will reach $983 millions.
According to ChainCatcher, citing data from Coinglass, if BTC falls below $60,482, cumulative long liquidation volume on major CEXs will reach $983 million. Conversely, if BTC breaks above $66,422, cumulative short liquidation volume on major CEXs will reach $694 million.
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