Bored Ape Yacht Club leads daily NFT sales, ending DMarket’s streak
The Bored Ape Yacht Club collection topped the NFT market with significant sales, outperforming other collections and blockchains.
The Bored Ape Yacht Club collection topped the NFT market with significant sales, outperforming other collections and blockchains.
(Bloomberg) -- Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million
- The foreign exchange markets have seen a great deal of volatility over the last few weeks, and this has resulted in JPMorgan adjusting its dollar forecasts. The...
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
Billionaire Mark Cuban, Wall Street financier Anthony Scaramucci and congressman Adam Schiff were among a group of cryptocurrency advocates who called on Kamala Harris to reset the Democratic party's policy on digital assets ahead of the November election. On Wednesday night, the new group Crypto4Harris convened its first virtual gathering to discuss how it can support the Vice President's electoral campaign, while also calling for Harris to end the Biden administration's crackdown on the cryptocurrency industry. In a sign of how urgently crypto has become an election issue for Democrats, Senate Majority Leader Chuck Schumer appeared and said he wanted to pass a crypto bill this year, without elaborating.
The US dollar has rallied a bit against the Japanese yen, as the retail sales figures, and unemployment claims have shown that the Federal Reserve may have a hard path forward to cut enough to satiate the markets overall.
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.
Institutional players are increasingly driving crypto markets as ETFs gain traction and regulatory clarity emerges.
- U.S. retail sales rose by a larger than expected amount in July, pointing to resilience in consumer spending activity ahead of next month’s Federal Reserve...
Chris Sullivan sees bitcoin’s future growth tied to reallocation trends in global investment portfolios.