Market Analysis

CENTRE Consortium To Change The Reserves Composition For USDC

FRNT Financial

August 24, 2021

CENTRE Consortium, formed by Coinbase and Circle to launch the USDC Stablecoin, announced that it will change the reserves composition for USDC. We contrast the change with current disclosures published by Tether for USDt reserves.

Oil Prices Are Coming Back As Number Of Covid-19 Cases In China Hits Zero

Phil Flynn

August 24, 2021

Iran's new President Ebrahim Raisi has not been on his best behavior. The actions of Iran have been increasingly aggressive, dangerous, and provocative and not conducive to securing a deal to lift sanctions on Iranian oil.

An Expectation Of Dovish Comments From Fed Officials Is Underpinning The Risk Landscape

Blue Line Futures

August 24, 2021

Goldman Sachs has pushed out their expectation for a Fed taper announcement to November or December due to Delta variant uncertainties.

Half Of Robinhood's Q2 Revenue Attributed To Crypto Transactions

FRNT Financial

August 23, 2021

Crypto made up 50% of transaction-based revenue in Q2, up from just 17% in Q1, and the firm guided for lower revenue and net funded accounts for the period ending September 30, 2021.

The Oil Market Has New Life After Much-Needed Perspective

Phil Flynn

August 23, 2021

Last week, we heard a lot of “doom and gloom” talk about the rise of Covid-19 cases, but now we seem to be flipping back towards optimism about economic growth and continued stimulus. 

Pressure Mounts For Fed Chair Powell To Clearly Communicate A Tapering Timeline

Blue Line Futures

August 23, 2021

Expectations have mounted for Fed Chair Jerome Powell to more clearly, if not officially, communicate a timeline to begin tapering the Federal Reserve’s monthly asset purchases at his Jackson Hole speech on Friday.

This Week In Markets: August 23-27, 2021

Anthony Cheung

August 23, 2021

Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.

Twitter's Bluesky Project Hires Zcash Developer To Lead Initiative

FRNT Financial

August 20, 2021

Twitter’s “bluesky” project has announced hiring Zcash developer Jay Graber to lead the initiative. Bluesky was revealed in 2019 with the aim of building a “decentralized standard for social media.”

Cardano Network Continues To Draw Attention Despite Limited Practical Uptake

FRNT Financial

August 19, 2021

Last week, Cardano reached a market cap of $70.3 billion, about $3.4 billion less than the asset’s all-time high valuation achieved in May. The network has enjoyed outsized attention as it plans to introduce smart contracts on September 12.

Commodities Take A Hit After The Fed's Talk Of Tapering

Phil Flynn

August 19, 2021

Oil prices got hit in risk-off mode by the Fed’s suggestion that tapering of the asset could happen this year, along with continuing concerns of Covid-19 spread and a lack of confidence in the leader of the free world.