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NEW YORK, July 13 (Reuters) - Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a closely-watched lawsuit involving blockchain company Ripple Labs Inc.
Nasdaq last month filed a proposal with the U.S.
Securities and Exchange Commission (SEC) to launch an ETF by BlackRock that would track the spot bitcoin market, triggering a flurry of similar filings from Cboe Global Markets for bitcoin ETFs by rivals including
Fidelity and Invesco.
The European Union has already approved the world's first comprehensive set of rules for cryptoasset markets, but the FSB's 'global baseline' minimum standards are designed to accommodate jurisdictions that want to go further.
Bitcoin jumped more than 15% last week, rising above $30,000 for the first time since April, its best week since March, in large part driven by BlackRock filing an application with the U.S.
Securities and Exchange Commission to launch an exchange-traded fund (ETF) backed by bitcoin.
Fast forward and that rate is now at 4.8%. Europe's rates are marching up again and the gap between two and 10-year U.S.
Treasury yields - a traditional harbinger of recession - is almost as inverted as it was before the blow-ups.
LONDON, July 11 (Reuters) - Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector, a survey showed on Tuesday.
The dollar index, which measures the U.S.
currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022. "Markets are generally pretty pleasant with the lower inflation data, because lower inflation together with the still resilient labour market supports the narrative of a soft landing in the U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, data showed on Thursday, a day after consumer prices rose modestly last month as evidence mounts that the world's largest economy had entered a phase of easing inflation. economy," said Carol Kong, currency strategist at Commonwealth Bank Of Australia in Sydney.
"But we still maintain our view that the U.S. The index is on course for its worst week since November. Although the recent trend of lower inflation may be encouraging, it probably won't be sufficient to change the committee's decision." Still, Fed officials remain cautious, with Federal Reserve Governor Christopher Waller saying he's not ready to call an all clear on U.S.
inflation and favours
more info rate rises this year. Ryan Brandham, head of global capital markets, North America, at Validus Risk Management, said the data on weekly jobless claims and producer prices are supportive of the soft landing.
"If the Fed wishes to hike rates again later this month ... The euro touched a fresh 16-month peak of $1.1229 in Asian hours before easing to $1.1222, while sterling last fetched $1.3119, down 0.11% on the day.
The pound broke above $1.30 on Thursday for the first time since April 2022. The Japanese yen strengthened 0.23% to 137.71 per dollar and is on course for its best week against the dollar since January. will enter recession later this year because of the impact of past and potentially future interest rate hikes." Markets are pricing in a 92% chance of a 25 basis point hike from the Fed later this month, CME FedWatch tool showed, but no more for the rest of the year.
Data on Thursday also showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating that the labour market remains tight even as job growth is slowing. By Ankur Banerjee SINGAPORE, July 14 (Reuters) - The dollar hovered at 15-month lows on Friday after a steep dive overnight, as markets wagered the Federal Reserve was close to the end of its rate hike cycle due to easing inflation. Meanwhile, the Australian dollar eased 0.16% to $0.688 after Michele Bullock was appointed head of Australia's central bank on Friday, becoming its first female governor as it undertakes a sweeping reorganisation. judge ruled that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges. ======================================================== Currency bid prices at 0123 GMT Description RIC Last U.S.
Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.1224 $1.1227 -0.01% +4.76% +1.1229 +1.1213 Dollar/Yen 137.6300 138.0150 -0.26% +4.89% +138.1000 +137.6500 Euro/Yen Dollar/Swiss 0.8587 0.8588 +0.03% -7.09% +0.8594 +0.8585 Sterling/Dollar 1.3123 1.3134 -0.08% +8.52% +1.3139 +1.3117 Dollar/Canadian 1.3110 1.3109 +0.04% -3.21% +1.3115 +1.3110 Aussie/Dollar 0.6883 0.6890 -0.09% +0.98% +0.6892 +0.6876 NZ 0.6391 0.6393 -0.09% +0.59% +0.6396 +0.6387 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Ankur Banerjee in Singapore; Editing by Jacqueline Wong)
The XRP token eased 7% in early Asian hours to trade at $0.7546 after surging 76% on Thursday. In cryptocurrencies, bitcoin last rose 0.03% to $31,367.56, having touched near two-month peaks of $31,818 overnight.
Ethereum last rose 1.4% to $2,014.10. it will be reassured by the jobs data.