MakerDAO boosts U.S. Treasury holding by $700 million
Stablecoin issuer and decentralized finance protocol MakerDAO bought another $700 million U.S. Treasurys, taking the total in its DAI stablecoin reserve to $1.2 billion, the platform said in a press release.
Stablecoins and DeFi to be next SEC targets
Stablecoins and decentralized finance are likely to become the next targets in the U.S. Securities and Exchange Commission crackdown on the crypto industry, Berenberg said in a research report,
Bitcoin breaks $30 000
Bitcoin has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of traditional finance players pushing further into crypto. The last time bitcoin reached above $30,000 was on April of 2023.
BTC/USD exploded 5.7% in the last session.The Bitcoin-Dollar pair skyrocketed 5.7% in the last session. According to the RSI, we are in an overbought market. Support is at 26072.3333 and resistance at 29532.3333.
The RSI points to an overbought market.
ETH/USD exploded 4.8% in the last session.The Ethereum-Dollar pair skyrocketed 4.8% in the last session. The ROC is giving a positive signal. Support is at 1688.581 and resistance at 1844.781.
The ROC is giving a positive signal.
XRP/USD rose 0.7% in the last session.Ripple rose 0.7% against the Dollar in the last trading session. The ROC's positive signal is in line with the overall technical analysis. Support is at 0.463 and resistance at 0.5113.
The ROC is currently in the positive zone.
LTC/USD exploded 5.7% in the last session.The Litecoin-Dollar pair exploded 5.7% in the last session. The Stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 74.0367 and resistance at 83.9767.
The Stochastic indicator is currently in positive territory.
Daily Economic Calendar:FR Business Climate in Manufacturing
The Business Climate in Manufacturing is a survey of the current business conditions in the French manufacturing sector. The French Business Climate in Manufacturing will be released at 06:45 GMT, the UK's Monetary Policy Summary at 11:00 GMT, and the US Chicago Fed National Activity Index at 12:30 GMT.
UK Monetary Policy Summary
The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote.
US Chicago Fed National Activity Index
The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure.
JP National Consumer Price Index
The National Consumer Price Index measures price movements obtained by comparing the retail prices of a representative shopping basket of goods and services. Japan's National Consumer Price Index will be released at 23:30 GMT, the Eurozone's Consumer Confidence at 14:00 GMT, the US Initial Jobless Claims at 12:30 GMT.
EMU Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
US Initial Jobless Claims
The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
