Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email…
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw a…
Read More “Here’s why this trader is piling back into one of the hottest commodities of the year” »
A couple of months ago, our five-year-old son was relieved to find out that he could have two best friends. For weeks he’d been stuck in an innocent adolescent triangle where both kids wanted him to be their exclusive bestie. They would pull his arms at the playground and he would come home agonizing about…
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email…
Read More “Crypto crash: forced selling cools down; correlation with equities back in focus” »
Ben Bernanke, former chairman of the Federal Reserve, has been a vocal skeptic on bitcoin BTCUSD, + 0.08%. He stated that the cryptocurrency has no underlying value and cannot act as a store of value, which renders it not credible as a currency. “If bitcoin were a substitute for fiat money, you could use bitcoin…
US stocks ended mixed Friday, with the Dow Jones Industrial Average erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and a more aggressive Federal Reserve. All three major stock benchmarks booked a third straight week of losses, with the S&P 500 seeing its worst weekly percentage drop…
Following a week of historic rate hikes and aggressive moves by the Federal Reserve and other major central banks, the Bank of Japan has hardly ever seemed more like a rebel standing athwart the consensus. And after its two-day policy meeting Friday, the BOJ, as expected, left interest rates at ultraloose levels, despite a plunging…
Read More “Here’s what’s at stake for markets as Bank of Japan sticks to its dovish path” »
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email…
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress…
