The Fed's going to hike 75 basis points today, but that's not the big central bank news. The ECB's emergency meeting to deal with the EU bond market crash suggests a waving of the white flag. liqquidity reports in this morning's First Mover Americas.
Some firms are coming out proactively with self-assessments of good health .that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper, as reported by CoinDesk's Jamie Crawley.
Tether described certain rumors to this effect as"completely false and likely spread to induce further panic in order to generate additional profits from an already stressed market,"According to FSInsights, an analysis firm, the combination of macro headwinds and over-leveraged yield strategies has resulted in the forced selling of cryptocurrencies in the last few days, wiping more than $200 billion in value from the digital asset market, Will CannyThe “takedown of terraUSD and...
“Such public displays of ignorant capital destruction are often overlooked in the traditional finance industry ,” his note said. Fortunately, he wrote, crypto markets have the benefit of “iterating and improving at a more rapid pace."The celebrity investor Kevin O’Leary says he isn’t ready to call a bottom in the crypto sector short of a major negative occurrence.. “In the crypto world, we need someone to go to zero.