In brief
Nasdaq racks up worst session in three weeks

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$106,580.00
1.47%$2,554.17
0.93%$2.35
0.33%$653.77
1.12%$169.18
1.07%$0.999799
-0.00%$0.226943
2.12%$0.75451
3.13%$0.271209
-0.49%$2,549.23
0.73%$106,321.00
1.34%$3.85
-0.30%$3,069.43
0.92%$15.89
-0.33%$22.62
1.65%$0.289222
2.11%$26.31
-0.94%$0.00001459
1.17%$0.196703
0.99%$8.79
0.96%$398.85
2.29%$3.05
0.90%$94.78
1.06%$4.69
2.17%$0.999774
-0.00%$2,550.29
0.77%$366.15
5.29%$2,725.80
0.89%$5.16
0.42%$1.00
-0.05%$0.802931
9.55%$0.00001357
3.71%$1.00
-0.06%$106,447.00
1.22%$30.25
0.08%$260.43
-1.75%$6.34
6.76%$419.79
0.10%$2.80
0.75%$5.15
0.19%$52.09
-0.14%$203.17
0.88%$0.947327
1.01%$1.00
0.00%$0.110627
0.18%$0.096587
-0.09%$36.03
-0.66%$14.29
11.82%$5.29
1.50%$18.51
0.93%$21.58
0.81%$0.747733
2.28%$1.17
0.03%$0.02851217
2.29%$4.67
0.87%$1.052
-0.01%$0.382749
2.16%$4.94
3.07%$1.001
0.08%$106,154.00
1.63%$0.232666
0.11%$0.784285
6.85%$0.225992
1.95%$0.397451
1.70%$2.86
0.87%$4.40
0.05%$2.66
0.86%$1.11
0.06%$0.505796
1.16%$4.56
0.56%$0.00002014
2.84%$2,561.61
1.25%$0.524832
6.75%$0.997416
0.15%$11.51
-1.66%$177.38
0.23%$2,656.36
0.50%$96.70
3.25%$0.911236
7.27%$1.30
6.25%$1.28
2.15%$4.49
-4.65%$1.92
-1.58%$0.01888456
-0.01%$1,764.45
0.09%$0.730191
2.44%$0.654704
0.76%$2,898.81
0.90%$0.223679
0.77%$12.19
1.93%$1.00
0.02%$0.767212
0.14%$0.070899
-1.54%$0.111489
2.53%$106,637.00
1.57%$0.744479
4.38%$0.979124
2.67%$0.00009804
1.43%$2,731.92
1.26%$3.21
2.69%$218.36
0.93%$0.999551
0.02%$1.003
0.24%$0.899612
1.12%$654.75
1.27%$187.63
1.04%$0.01802986
1.10%$0.01947516
3.62%$106,221.00
1.05%$1.00
-0.00%$106,341.00
1.68%$0.01295206
4.41%$3,303.35
2.50%$0.905212
3.15%$2,675.47
0.67%$0.636753
-0.66%$3,319.33
2.52%$0.223609
0.61%$0.762633
-0.89%$0.311677
1.01%$2.35
3.82%$2,666.14
0.84%$22.50
1.86%$0.129626
-2.71%$12.82
1.77%$3.99
1.32%$0.00000073
-0.15%$4.40
-0.01%$35.77
1.90%$0.745411
2.10%$0.117703
1.38%$106,277.00
2.42%$0.067048
-2.71%$2.01
2.16%$41.33
3.10%$0.01958059
-0.60%$1.00
-0.00%$0.62125
0.63%$1.83
4.24%$0.997401
-0.01%$0.40548
0.49%$2.07
0.92%$2.24
10.57%$111.12
0.01%$0.323413
1.75%$1.11
0.43%$0.227109
2.61%$2,550.96
0.91%$2,554.01
1.19%$106,369.00
1.30%$0.670469
4.34%$2,676.55
1.89%$0.999924
0.01%$2,724.65
1.01%$2.17
16.70%$18.33
1.08%$0.632998
1.06%$0.436194
0.95%$0.656401
0.46%$0.00877263
1.93%$2,550.78
0.79%$106,141.00
0.96%$0.99731
-0.08%$0.482331
9.46%$2.98
0.11%$0.153321
1.95%$7.26
-0.49%$0.188653
1.68%$103,493.00
2.09%$0.091316
3.48%$6.54
0.55%$1.69
0.39%$0.424755
0.61%$0.180784
0.20%$0.699217
0.46%$0.00498036
0.64%$0.063958
-1.00%$0.999802
0.00%$0.00002265
0.67%$0.04928789
0.38%$1.48
7.24%$0.452817
1.90%$0.096303
1.91%$0.00000044
-0.29%$0.00000111
4.13%$0.163295
5.74%$0.04409356
1.30%$1.31
0.81%$2,536.72
0.34%$0.169648
-0.36%$0.00784692
0.19%$0.426612
9.72%$1.087
0.00%$0.999663
-0.16%$0.00467495
-1.92%$1.001
0.09%$43.30
0.18%$105,196.00
1.25%$0.999925
-0.01%$3.18
2.19%$0.354536
-2.70%$34.60
1.41%$0.03818715
5.15%$0.999958
0.04%$1.52
-0.79%$0.00544272
-0.42%$1.10
-0.10%$2,693.89
0.49%$0.232087
-0.18%$0.01925538
0.14%$0.818563
5.41%$1.001
0.01%$0.00364333
3.32%$134.82
0.40%$0.37536
1.03%$26.31
-0.97%$2,809.76
1.03%$0.839418
0.79%$106,367.00
1.46%$0.00006282
1.28%$3.78
-0.56%$2,778.60
0.80%$0.327284
1.90%$0.00000161
1.50%$1.003
0.31%$0.293348
0.54%$2,550.52
1.07%$0.00076125
3.17%$19.49
-0.92%$0.796625
-5.93%$0.228721
1.70%$0.999673
-0.01%$1.00
0.18%$22.47
0.92%$2,566.14
1.53%$0.250268
1.02%$2,753.15
0.58%$0.683849
0.67%$18.48
0.20%$2.70
-1.40%$0.00335325
1.99%$0.499709
0.93%$23.59
0.78%$0.683024
6.55%$0.00277315
0.88%$26.27
-1.11%$3.44
4.41%$0.00
1.89%Reading
The fun and games continued with crypto prices this week. While yesterday saw a rally in prices, things look decidedly different today.
Global market cap held on to $1.8 trillion, but ticked down 0.3% over the last day. Gold also made up ground against crypto, pushing digital currency markets back below 25% that of the precious metal.
Bitcoin briefly saw prices back into the $60,000s after a rally in late trading in Europe. But overnight, those gains were wiped out as BTC fell back into the $58,000s, representing a 0.29% drop overall.
Ethereum saw similar patterns, peaking at around 7 pm UTC before retracing gains to be down 0.9% for the day.
The mid-caps - those projects valued between $10-$40 billion - had a more mixed time of things. Cardano, which had racked up 30% gains in the last few days, saw a 10% slide after its debut on Coinbase Pro.
The project began trading at a 39% premium on the professional trading platform, but things went downhill from there. On the flipside, Polkadot, Ripple, Chainlink and Bitcoin Cash also saw marginal gains during the same period.
Further down the charts, two projects caught Market Watch’s attention. Theta Token, the decentralized streaming platform lept 15% overnight, buoyed by news last week that Sony was joining the network as a validator node. The project has gained 900% this year alone.
Blockchain-based streaming video platform operator Theta Labs announced that it has added Google Cloud as a network validator alongside today’s Theta Mainnet 2.0 launch. Google is the latest company to join Theta’s Enterprise Validator Program, which also includes Binance, Blockchain Ventures, and Japanese company gumi Cryptos. Thanks to the partnership, any Google Cloud user can now deploy a Theta node via the Google Cloud Marketplace. Samsung Galaxy phones to bring crypto-enabled esports strea...
Luna meanwhile saw its price rocket 19% at the time of writing. The Luna token, part of the Terra blockchain is a stablecoin pegged to a basket of fiat currencies.
The price surge appears to be correlated to the upcoming release of the Anchor Protocol, a savings platform that offers low-volatile yields. The project plans on airdropping tokens to Luna stakers, helping put significant upwards pressure on prices.
Yesterday’s session on Wall Street was battered by the rising bond yield rates - they're now at their highest since January 2020. The Nasdaq slid by 3% for its worst session in three weeks, and the S&P 500 fell 1.5%, and the Dow dropped 0.5%.
Traders are once more mulling over the possibility that a rapid rise in inflation might crimp the economic recovery, or spur a change of tact from Federal Reserve's spend its way out of recession policy. Federal Reserve Chair Jerome Powell did his best to quell markets' fears over a shift in near-term policy earlier this week, but the FUD remains for many investors.
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Energy storage company KULR Technology Group has bought an additional $9 million Bitcoin for its corporate treasury, the company announced Tuesday, part of a recent surge of companies that have been building treasuries of the digital asset. Publicly traded KULR, which has headquarters in Houston, now holds 800.3 tokens worth about $85 million, based on current pricing. The company bought its latest Bitcoin at an average price of $103,234 per token. Bitcoin was recently trading at roughly $106...
The founder of online news publication TechCrunch has claimed that Coinbase’s recent data breach “will lead to people dying,” amid a wave of kidnap attempts targeting high-net-worth crypto holders. TechCrunch founder and venture capitalist Michael Arrington added that this should be a point of reflection for regulators to re-think the importance of know-your-customer (KYC), a process that requires users to confirm their identity to a platform. He also called for prison time for executives that f...
Kevin O’Leary responded Monday to U.S. Senator Elizabeth Warren's (D-MA) latest attacks on the Senate’s stablecoin bill, rejecting her claims as “completely deranged” and warning that politicizing the legislation could undermine the U.S.’s position in global finance. “She’s confusing politics with progress, and this time, it could cost America dearly,” the Shark Tank investor and entrepreneur tweeted Monday. He added that, “This bill has nothing to do with Trump or meme coins.” Elizabeth Warre...