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There’s yet another Sam Bankman-Fried book out there, and I think you should read it
Share link:In this post: On-chain data shows preparations to unstake ETH tokens. Staking is still healthy, though separate validators are unwinding their positions. ETH faces selling pressure from several entities, including institutions and anonymous whales.
Share link:In this post: Alameda Research transfers $352k worth of Worldcoin tokens to Binance ahead of a potential sell-off. The FTX sister firm is likely to sell all its WLD holdings as its liquidators prepare to repay creditors. WLD tokens record a 10% increase in value despite the potential liquidation.
The White House met with crypto industry leaders on Thursday to discuss their relationship – and tempers were quick to flare.
- 17:44DXY Dollar Index Intra-day Gains Expand to 0.50%, Currently at 98.85Jinse reports that the DXY Dollar Index intra-day gains have expanded to 0.50%, currently at 98.85.
- 17:30The Sell-off of U.S. Treasuries Weakens Trump's Leverage in Lowering the Dollar NegotiationsRabobank foreign exchange strategist Jane Foley stated that the recent sell-off of U.S. Treasuries has weakened Trump's leverage in negotiations for dollar depreciation with other countries. "If the U.S. Treasuries market becomes more fragile, he cannot bully everyone to the same extent." Earlier this month, after a significant drop in U.S. Treasuries, Trump announced a 90-day suspension of imposing higher retaliatory tariffs on most countries. There is speculation that Trump may seek a new "Plaza Accord," dubbed the "Mar-a-Lago Accord," to devalue the dollar. If this happens, it is likely to occur within the 90-day tariff suspension period, in exchange for a trade agreement. However, based on Trump's response to the U.S. Treasuries turmoil, this seems unlikely, Foley said.
- 17:27U.S. Stock Market Gains Expand, Cryptocurrency Stocks Lead the WayOn April 23, according to market information, U.S. stock market gains expanded during the session, with the Nasdaq up over 3%, the Dow Jones up 2.7%, and the S&P 500 Index up 2.67%. Cryptocurrency stocks led the gains among U.S. stocks, including: CEX (COIN) up 9.3%; MicroStrategy (MSTR) up 8.86%; MARA Holdings (MARA) up 10.9%; Riot Platforms (RIOT) up 13.2%; Hut 8 Corp. (HUT) up 11.8%. Tesla rose 6.16% and is set to announce its earnings report after today's market close.