Short yen carry trades x crypto. A second polynomial equation suggests JPY borrowing can explain around 50% of the variation in total open interest in CME bitcoin futures.

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to summarize: miners are buying btc governments and bankruptcies have run out in the near term after selling $12bn since june btc holdings by government in order: US: only 20k for sale in the near term (silk road). the remaining don’t have sell orders UK: 61k btc - would be

The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana ETF, launched by Brazil-based asset management company Hashdex in partnership with local investment bank BTG Pactual. On August 8, the CVM approved the first Solana ETF in Brazil.

Job growth wasn't as strong in the year ended March as initially reported. BLS revisions show the economy added 818,000 fewer jobs than previously reported over the 12 months ended March. That would lower monthly payroll gains (initially +246K) by 68K a month, on average. This

The aggregate stablecoin supply chart is the most important chart in crypto. And it's back on the rise. A few observations within the stablecoin space since Bitcoin broke through its all-time high in March: - Tether supply is up 14% - USDC supply is up 13% - DAI supply is

Powell expressed optimism about Fed’s ability to steer economy back to 2% inflation while maintaining a “strong labor market;” he said current level of rates gives policymakers “ample room to respond to any risks we may face,” including further weakening in labor market; speech

well.... certainly looks like a thing of the past today :)

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we’re at peak short gamma in btc options and futures positioning is short dealers have $20m of btc to buy on 1% spot moves higher & sell on moves lower (chart 1) added fuel to the fire of last night’s move lower and can have the same effect on a move higher bina perp funding

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Average daily spot volumes of BTC and ETH in August over the last six years

This is a labor market that isn't as tight as it was before the pandemic: Job openings declined further in July, and the ratio of job vacancies to unemployed workers dropped to 1.07, the lowest since 2018

GDPNow model from ⁦Atlanta Fed⁩ at +2.5% (q/q ann.) for 3Q24 … most recent upgrade (from +2.1%) driven by consumption, inventories, housing, and business investment

✨ Jamie Dimon, on this day, exactly 7 years ago: "I'd fire anyone caught trading bitcoin." Today, JP Morgan is a broker for BlackRock's #Bitcoin ETF, the most successful ETF launch in history 💀

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Trump and other political memecoins are down 90% in 3 months blockworks.co/news/elections…

This is how crypto begins to make sense to those skeptical of “use cases”…