Circle unveils new method for moving USDC
USDC issuer Circle Internet Financial released a new method to move the major stablecoin between blockchains that it says is faster, safer and cheaper than the “bridges” that are widely used in decentralized finance.
Visa shares plans for ‘ambitious’ crypto product
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Visa first made a major move into the crypto industry in 2020, partnering with the blockchain firm Circle to support the USDC stablecoin on certain credit cards.
Optimism from Ethereum's Shapella upgrade is fading
Two weeks after Etheruem's Shapella upgrade, the crypto options market is signaling a higher perceived risk of downside volatility in the smart contract blockchain's native token, ether, than for market leader bitcoin.
BTC/USD made a minor downward correction of 0.2%.The Bitcoin-Dollar pair fell 0.2% in the last session after gaining as much as 6.0% during the session. The Stochastic-RSI is giving a positive signal. Support is at 268141 and resistance at 291441.
The Stochastic-RSI is giving a positive signal.
ETH fell 0.5% against USD in the last session.The last session saw Ethereum fall 0.5% against the Dollar. The ROC is giving a negative signal. Support is at 1775.861 and resistance at 1922.561.
The ROC is currently in negative territory.
XRP/USD dove 3.7% in the last session.The Ripple-Dollar pair dove 3.7% in the last session. The ROC gives a negative signal. Support is at 0.4428 and resistance at 0.4852.
The ROC is currently in negative territory.
LTC/USD plummeted 4.1% in the last session.The Litecoin-Dollar pair dove 4.1% in the last session. The ROC gives a negative signal. Support is at 85.4667 and resistance at 94.5067.
The ROC is currently in negative territory.
Daily Economic Calendar:US Gross Domestic Product Annualized
The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services and structures produced within a country. The US Gross Domestic Product Annualized will be released at 12:30 GMT, Finland's Consumer Confidence at 05:00 GMT, Australia's Export Price Index at 01:30 GMT.
FI Consumer Confidence
The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
AU Export Price Index
The Export Price Index measures the changes in the prices of exported goods and services.
EMU Business Climate
The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy. The Eurozone's Business Climate will be released at 09:00 GMT, the US Gross Domestic Product Price Index at 12:30 GMT, and Japan's Industrial Production at 23:50 GMT.
US Gross Domestic Product Price Index
The GDP Price Index gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure.
JP Industrial Production
Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines and utilities are measured by the index of the industrial production.
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.
