qfx

STRCx, a token representing preferred stock in Strategy’s Stretch, is now available for lending on Kamino Finance. Kamino Finance is a decentralized finance platform built on the Solana blockchain.

Grayscale, a company that manages investments, is getting closer to launching a new exchange-traded fund (ETF) called the Hyperliquid ETF. They recently filed an updated proposal with the U.S. Securities and Exchange Commission (SEC).

Today’s newsletter features Hassan Ahmed’s analysis of the cryptocurrency landscape in Asia, including stablecoins and relevant regulations. He contrasts the region’s growth with areas that have clearer rules.

JPMorgan analysts, in a recent report, suggest Bitcoin is losing its appeal as a safe haven for investors. They believe this is because people are closing out investments made during times of high inflation and geopolitical tension, like the conflict with Iran, that were originally intended to protect against economic downturns.

Social media, never one to miss a drama, erupted with “buy-the-dip” chants faster than you can say “bad idea.” Santiment’s sentiment gauge hit a month-high of 2.4-to-1 on May 27, firmly in the “FOMO zone,” where rationality goes to die. The crowd, historically, is about as reliable as a weather forecast in Britain-usually wrong, but always enthusiastic.

The CoinDesk 20 is currently trading at 1961.44, down 3.1% (-62.25) since 4 p.m. ET on Wednesday.

Since Bitcoin futures started trading on the CME in December 2017, a noticeable pattern has emerged on price charts. Because the CME crypto markets close on Friday afternoons but Bitcoin continues to trade elsewhere, a ‘gap’ often appears when the CME reopens on Sunday evening. This gap, a visible difference between the closing price on Friday and the opening price on Sunday, has become a widely discussed and traded event in the crypto world.

Major financial institutions like JPMorgan, Goldman Sachs, and Bank of America predict U.S. inflation likely increased to 3.8% in April compared to a year ago. This comes at a time when Bitcoin, Ethereum, stocks, and gold are facing challenges due to rising interest rates and a strengthening dollar.

After experiencing several ups and downs in the market, many investors are learning that consistently predicting the best time to buy or sell is much harder than it appears online. Sudden market swings can quickly wipe out profits, popular investment ideas can change rapidly, and even seasoned professionals find it challenging to deal with today’s complicated market environment.

The long-running lawsuit that significantly shaped US cryptocurrency rules has concluded. However, despite much of the reporting, the original court decision – including the $125 million fine and the ban on Ripple directly selling XRP to institutions – still stands. It wasn’t a clear win for Ripple, nor a complete loss for the SEC. Instead, the case ended because the judge wouldn’t allow them to reach a compromise. Two years later, several key issues remain: how the ruling will affect other cryptocurrencies, the legality of XRP trading on exchanges, ongoing restrictions on Ripple’s business with US institutions, and what impact the proposed CLARITY Act would have on Judge Torres’s original decision. This is the true outcome of the lawsuit.