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Minerva@minervadae.bsky.social |
22 followers 4 following 1467 posts
Macroeconomic news with a focus on Web 3 and other emerging technologies and industries.
"We don't have enemies, what we have are people that need Bitcoin, that don't yet know why they should be our friend." -Saylor
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Minerva
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Tidal Investments and Quantify Chaos Advisors have filed jointly for a new ETF offering, called “STKD Bitcoin & Gold ETF,” that would offer exposure to both #Bitcoin and #Gold
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Minerva
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Commercial construction starts, per Costar
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Minerva
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A 6-day workweek takes effect in Greece beginning July 1st Certain industrial and manufacturing facilities, along with businesses that provide 24/7 services, are eligible Workers will receive 40% more pay during the additional eight hours, and 115% on holidays
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Minerva
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Major token unlocks are happening in July including $DYDX, $SUI, $IO, $XAI, $IMX, $APT, $STRK, $ARB, $AXS, $APE, $PIXEL, $WLD, and $ALT with unlocking value exceeding $730 million, per TokenUnlocks and Wu Blockchain
token.unlocks.app
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Minerva
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Patent grants by country in 2021, per OBIS
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Minerva
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#Ethereum L2 Base has become the most popular #ETH L2, per growthepie
#Base: ~3.5 million daily transactions, +60% in the last 30 days
#Arbitrum: ~2 million daily transactions, -22.3% in the last 30 days
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Minerva
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13 of the 15 housing markets in the U.S. at the highest risk of a correction on prices are in Florida, per ResiClub
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Minerva
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The share of #Bitcoin traded over weekends has declined to an all-time low of 16% in 2024, per Bloomberg
www.bloomberg.com/news/article...
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Minerva
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Consider holding quality assets over longer periods instead of day trading, the odds are not in your favor
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Minerva
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$2.3 trillion of accumulated savings have been depleted by Americans since August 2021, and excess savings are now below pre-pandemic levels, per Bloomberg
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Minerva
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The companies in the S&P 500 $SPY have added ~$6 trillion in market capitalization in the first half 2024, per WSJ
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Minerva
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Igloo Inc., the parent company of #NFT project Pudgy Penguins, announced they acquired the on-chain creator economy platform Frame
The Frame team will join Igloo in developing a Layer 2 network designed specifically for on-chain culture and community
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Minerva
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Over 65% of the entire #Bitcoin supply hasn’t moved in more than 1 year, per Bitcoin Magazine
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Minerva
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The SEC has returned S-1 forms to potential spot #Ethereum spot ETF issuers with only a few comments, per The Block
The issuer has been asked to process these comments and resubmit by July 8, meaning there will be at least one more filing before trading begins
www.theblock.co/post/302687/...
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Minerva
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Nike $NKE had their worst single-day loss since their 1980 debut on 6/28 of ~20% following their earnings call
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Minerva
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A U.S. Judge in the Washington DC dismissed the SEC's charges against #Binance and CZ related to secondary market $BNB sales and Simple Earn, per CoinDesk
The charges against their initial token offering and ongoing sales of BNB, staking, and fraud can proceed
www.coindesk.com/policy/2024/...
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Minerva
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Coinbase $COIN Derivatives has filed with the CFTC to list regulated Futures for Shiba Inu $SHIB, #Chainlink $LINK, #Avalanche $AVAX, #Stellar $XLM, and #Polkadot $DOT
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Minerva
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Current mortgage rates as of 6/28/24
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Minerva
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The least affordable housing markets in the world, per voronoi
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Minerva
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The SEC has sued Consensys over their MetaMask wallet saying they failed to register as a broker, per Bloomberg
They also targeted #Ethereum staking services Lido and Rocket Pool, referring to their popular stETH and rETH tokens as unregistered securities
www.bloomberg.com/news/article...
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Minerva
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Coinbase $COIN is partnering with Stripe using their #Ethereum L2 base for cheaper financial infrastructure access for millions of businesses around the world
www.coinbase.com/blog/coinbas...
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Minerva
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PayPal $PYPL founder and billionaire Peter Thiel says he still holds #Bitcoin
"I didn't buy as much as I should have"
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Minerva
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21Shares has become the 2nd company to apply for a spot #Solana ETF
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Minerva
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The ruling diminishes the power of federal agencies, taking away their power to interpret ambiguous laws through rule making
For example, the SEC has been making rules for #crypto, in the absence of laws made by Congress without expressed consent from Congress for them to regulate the industry
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Minerva
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In a 6-3 opinion, SCOTUS has overruled Chevron deference, a 1984 precedent that says when congressional laws are "ambiguous”, federal judges should defer to "reasonable" federal agency discretion
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Minerva
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Bolivia has made #Bitcoin trading and payments legal once again in an effort to modernize their financial system
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Minerva
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How the U.S. Dollar system works, per River
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Minerva
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May PCE inflation (the Fed's preferred inflation measure) came in at 2.6%, in-line with expectations of 2.6% Core PCE inflation fell to 2.6%, in-line with expectations of 2.6%
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Minerva
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The Internal Revenue Service (IRS) has issued a public apology to hedge fund manager Ken Griffin for failing to protect his confidential tax data from being stolen and leaked to the media by a contractor who is now in prison, per Bloomberg
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Minerva
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The U.S. market cap as a % of world market cap is near an all-time high, per Bloomberg
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Minerva
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Meta $META to face a lawsuit claiming it prefers foreign workers over U.S. citizens
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BlackRock $BLK has acquired shares of their spot #Bitcoin ETF $IBIT for their Global Allocation Fund
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Minerva
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There are ~481,000 new homes for sale in the U.S., the highest inventory level since January 2008, per Charlie Bilello
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Minerva
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For the first time since the pandemic, the typical home is selling below list price, per Redfin
Buyer demand has waned amid high housing costs and inventory has grown stale with over 60% of listings on the market for at least a month
www.redfin.com/news/housing...
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Minerva
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A new record low for pending U.S. home sales, per Bloomberg
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Minerva
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On January 7, 2021, the average 30-year mortgage rate was 2.65%, per FRED Rates have now been ~7% for the last 21 months
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Minerva
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Employers in Canada are turning to more temporary foreign workers, per CBC Last year, employers were cleared to hire ~240,000 temporary foreign workers, up from ~109,000 in 2018
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Minerva
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Walgreens $WBA will close up to 2,150 stores nationwide, which will likely result in a headcount reduction of ~57,000 employees, per USA Today
$WBA is down ~80% in the last 5 years
www.usatoday.com/story/money/...
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Minerva
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The U.S. Supreme Court (SCOTUS) has ruled to restrict the SEC's use of in-house judges for fraud cases
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Minerva
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Cleanspark $CLSK to acquire #Bitcoin miner GRIID for $155 million, with plans to expand over 400 MW in Tennessee
Under the agreement, CleanSpark will purchase all GRIID common stock in an all-stock transaction, with GRIID stockholders receiving CleanSpark shares
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Minerva
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Walmart $WMT is replacing physical price labels with digital screens in many stores, but they promise they won’t use it for surge pricing, per Fortune
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Minerva
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VanEck has become the first to apply for a spot #Solana ETF with the SEC
www.sec.gov/Archives/edg...
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Minerva
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1.285 million barrels of oil were added to the Strategic Petroleum Reserve (SPR) last week, the largest addition since June 2020, per zerohedge
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Minerva
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Treasury Bond ETF $TLT saw an inflow of $2.7 billion on Monday (6/24), its largest one-day inflow in history, per Bloomberg
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Minerva
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Coinbase $COIN has sued the SEC and FDIC for information relating to crypto regulation, per FOX
Coinbase says there is a “deliberate and concerted effort by the SEC, FDIC, and other financial regulators” to deny crypto firms access to the federal banking system
www.foxbusiness.com/markets/coin...
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Minerva
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#Bitcoin hash rate is down ~10% from the all-time highs achieved near the halving in April
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Minerva
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NASA announced SpaceX has been selected to develop and deliver the U.S. Deorbit Vehicle that will provide the capability to de-orbit the International Space Station (ISS) and ensure avoidance of risk to populated areas
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Minerva
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Amazon $AMZN has surpassed a $2 trillion market cap for the first time ever
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Minerva
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A McDonald’s $MCD test of plant-based burgers in San Francisco and Dallas “was not successful in either market”, per CNBC
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Minerva
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The U.S. Dollar Index $DXY is approaching its highest level this year, per Barchart
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