Market Analysis

Japan’s index is closing in on February’s high, the highest level since the 1990 crash. China’s Shanghai Composite is also at its highest since February, now up nearly 5% on the month and 12% since the July low.
Solana (SOL), with a current market cap of roughly USD 54 billion, began the year with a capitalization of about USD 85 million. Over the past 30 days, SOL has added USD 44 billion to its market cap.
In a series of tweets Tuesday, Coinbase CEO Brian Armstrong revealed that the SEC has threatened to sue the venue if it launches its interest-bearing “Lend” product.
Bureau of Safety and Environmental Enforcement (BSEE) reports show that 76.88% of oil production is still offline in the Gulf of Mexico, along with 77.25% of natural gas production.
Ultimately, the success of El Salvador’s BTC adoption is a milestone moment for BTC and a story where successes and failures will be judged over the long term.
As of now, cumulative true oil production losses are at over 20 million barrels of oil. That number will soon exceed 30 million due to the slow comeback for production.
In the U.S., we look to more news on the jobs front with JOLTs Job Openings for July due at 9:00 a.m. CT. Expectations are for the read to recede from June’s record of 10.07 million vacancies to 10.0 million.
On Friday, the government said the economy created 235,000 new jobs last month, just 1/3 of Wall Street’s forecast and the smallest gain since January.
Attorneys working for the SEC are “seeking information about how investors use Uniswap and how it is marketed.” In an interview with the newspaper in August, SEC Chairman Gensler said DeFi projects aren’t immune to regulation.
The Nonfarm Payroll report certainly gave a lot to unpack: although August can be a wonky month, the impact from the rise of Covid-19 cases due to the Delta variant was clear.