Markets Outlook

With Ethereum’s latest upgrade going live plus a look at the impact of crypto lobbyists in Washington, CoinDesk’s Markets Daily is back with the latest news roundup.This episode is sponsored by Kava, Nexo.io and Celo.Today's Stories:Bitcoin Oversold Bounce Fades; Support at $34K-$36KBitcoin Again Falters at $40K as Ether Retreats From Two-Month High  European stocks drift as China imposes travel restrictions Futures Drift Higher Before Jobs Data; Dollar DipsStock Futures Tick Up Ahead of Trade DataInvesco Filed With the SEC for a proposed Bitcoin Strategy ETF Grayscale Hires David LaValle to Be ETF Head  JPMorgan Launches In-House Bitcoin Fund for Wealthy Clients Port Explosion in Beirut  is Fuels Lebanon’s Collapse: ‘May God Save the Country’ Uruguay Senator Proposes Bill to Allow Crypto PaymentsCoinbase Agrees to Buy Zabo, the 'Plaid of Crypto,' for Undisclosed Sum Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Binance Pay Bringing Crypto Payments to Shopify, OthersBritish Fashion Brand Burberry Releases First NFTs Oscar Mayer is Auctioning Off a Single Pack of 'Hot Doge Wieners' Worth 10,000 Dogecoins Featured Story: 'Cautiously Optimistic': Crypto Brings Lobbying Muscle to Infrastructure Debate -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.

With Ethereum’s much-anticipated upgrade coming soon and a look at what could happen if Tether were to collapse, CoinDesk’s Markets Daily is back with the latest news roundup.This episode is sponsored by Kava, Nexo.io and Celo.Today's Stories:Bitcoin Stuck Below $40K; Eyes Short-Term Oversold Bounce Stocks Rise, Futures Steady as China Concerns Ease: Markets WrapEuropean equities edge up to all-time highs on earnings optimism  ‘It has never been like this’: US house price spiral worries policymakers WSJ Explains - Inflation Is Hitting Diapers. The WSJ Explains WhyAirlines Hold to a Business-Travel Rebound This Fall  Robinhood sparks buzz on Reddit, shares up 15% Russia's Financial Monitoring Agency Wants to Identify and Profile Crypto Users Spain Opposition Party Introduces Bill to Allow Mortgage Payments With Crypto Analysts Take Cautious Stance on Ether as London Hard Fork Nears Senator Rob Portman Defends Crypto Provision in US Infrastructure Bill Global Precious Metals Retailer Kitco to Issue Specie-Backed Stablecoin Riccardo 'Fluffypony' Spagni Hires Top Attorney to Battle Extradition to South Africa on Fraud Charges  Google Allows Crypto Ads in US With RestrictionsCrypto.com Appoints New Head of Growth FromNBA Top Shot to Sell NFTs In-Person at Summer League Games Gaming Community Pledges $203M in Ember Sword’s Virtual NFT Land SaleFeatured Story: Tether's Collapse Would Be Chaotic, Not Cataclysmic | David Z. Morris -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.

With crypto markets trading in the red and a look at how some token economies work, CoinDesk’s Markets Daily is back with the latest news roundup.This episode is sponsored by Kava, Nexo.io and Celo.Today's Stories:Bitcoin Approaching Short-Term Support at $34K-$36K Bullish Flows Push Bitcoin's Put-Call Ratio to 2021 LowMarket Wrap: Bitcoin Underperforms Ether; Crypto Tax Ahead?Stocks Reverse Early Gains, Finish Modestly LowerStocks cling to highs in Europe on robust corporate earnings Translate Bio, Take-Two Interactive, Activision, Occidental Petroleum: What to Watch When the Stock Market Opens TodayStock Futures Point to Dow, S&P 500 Grinding HigherPepsiCo to sell Tropicana, other juice brands for $3.3 billionAmazon expands deliveries to serve unlikely clients: its rivalsAmericans Are Willing to Take Pay Cuts to Never Go Into the Office AgainFormer Monero Maintainer 'Fluffypony' Arrested and to Be Extradited for Non-Crypto CrimesAustralian Exchange CoinJar Unveils Crypto Mastercard in Country FirstHSBC UK Blocks Payments to Binance ExchangeSenator Toomey Calls Text of Current Crypto Tax Proposal 'Unworkable'SEC Boss Gensler Eyeing Robust Regulation of Crypto Market.   Art Blocks NFTs Soar as Savvy Collectors Snap Up Edgy Pieces Featured Story: The First Step to Making Sense of the Token Economy | Brady Dale -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.

With crypto traders getting optimistic and a look at a surprisingly sophisticated new crypto bill in the U.S. Congress, CoinDesk’s Markets Daily is back with the latest news roundup.This episode is sponsored by Kava, Nexo.io and Celo.Today's Stories:Bitcoin Slips Below $40K; Support Around $34KBitcoin Price Slumps 5% as Recent Rally Begins to Cool Bitcoin Logs Biggest Weekly Price Gain in 3 Months as Illiquid Supply Hits Record HighFutures Signal Stock Indexes to Rise Toward All-Time HighsStock Market Today: Dow, S&P Live Updates for Aug 2 Pandemic response fuels broadest global house price boom in two decadesOil prices hit by concern over Chinese economy and higher supplySquare to acquire Afterpay for $29bn as ‘buy now, pay later’ boomsStimulus hopes lift Wall St futures ahead of manufacturing PMIs  PBoC Says It Will Keep High Pressure on Crypto Trading (no read) Brazilian Central Bank Projects 'Significant Migration' to Digital PaymentsFed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have ThemNFT Markets Post Record-Breaking WeekSquare's Cash App Q2 Bitcoin Revenue Rose 200%; and they took a $45M Bitcoin Impairment Loss GoldenTree Adds Bitcoin to Its Balance Sheet: ReportMichael Saylor Likens Borrowing to Buy Bitcoin to Investing Early in FacebookSouth Korean toilet turns excrement into power and digital currency  Featured Story: New Crypto Bill in US Is the Most Comprehensive Yet -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.

CoinDesk columnist and digital assets consultant at Deloitte, Ruchir Dalmia, uncovers the culture of art in India and how NFTs can provide an array of new opportunities for artists and art collectors alike in the rapidly developing country.Read the story here. This episode is sponsored by Kava, Nexo.io and Celo.-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.

CoinDesk's Chief Insights Columnist, David Z. Morris, unpacks the lessons from a recent horror film titled "Censor" to illustrate the parallels between the media censorship of the 1980s in the UK and Financial Censorship today. Read the story here.This episode is sponsored by Kava and Nexo.io-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

With bitcoin pulling back after a strong weekly performance plus a look at the 3 types of risks in digital assets, CoinDesk’s Markets Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Kava and Nexo.io.Today's Stories:Bitcoin Struggles at Resistance; Lower Support Near $34K Stocks Rise After GDP Data - WSJCathie Wood's ARK Invest Scoops Up 1.3M Robinhood Shares on Nasdaq Debut U.S. Stock Futures Slide After Strong Month of GainsPhilippines to Reimpose Lockdown in Capital; Stocks PlungeEuro zone growth rebounds, inflation tops ECB targetNatural gas crunch sends prices hurtling higherFramework to Regulate Crypto, Stablecoins Introduced in US CongressIreland's Central Bank Says Digital Euro Not Matter of If, But 'When and How'Turkish lira a rare bright spot for emerging market currencies in JulyBinance to Wind Down Derivatives in Europe; Malaysia Orders ClosureColombia's First Commercial Bank Will Let Users Transfer Money to Crypto ExchangeIndian Authorities to Question Binance on Laundering of Betting Proceeds MicroStrategy Plans to Continue Amassing BitcoinBitcoin Miners Can Escape US Taxes by Mining Direct to IRAs Facebook bets on virtual reality 'metaverse'Featured Story: Parsing Three Types of Risk in Digital Assets | Jeff Dorman-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

With bitcoin hovering at around $40K and a look at a troubling-for-crypto section of Washington’s proposed Infrastructure bill, CoinDesk’s Markets Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Kava and Nexo.io.Today's Stories:Stock Futures Creep Up Ahead of GDP DataChina Stocks Rally as Beijing Intensifies Effort to Calm MarketFederal Reserve Keeps Rates Near Zero, Still Sees Inflation as 'Transitory'Gold surpassing $2k indicates inflation is here to stay, says a prominent economistThink Tank Rand Says Crypto Should Be Included in US-Japan Digital Trade DealMexico Regulator Says 12 Crypto Exchanges Are Operating IllegallyCrypto User Doubled in Six MonthsFTX Renames iconic Blockfolio Trading App to ... FTXEU-Backed Investment Fund Puts $30M Into Crypto VC Firm's New $120M VehicleBank of America Calls CBDCs 'More Effective' Than Cash in Research NoteNational Parks Are So Crowded That Congress Is Getting InvolvedDallas Symphony Orchestra Releases Classical Music NFTs on RaribleFeatured Story: Bipartisan Infrastructure Deal Could Impose New IRS Reporting Requirements on Crypto Firms-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

With bitcoin traders testing $40K and a look at Goldman's proposed 'DeFi' Index, CoinDesk’s Markets Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Kava and Nexo.io.Today's Stories:XRP Cheers Ripple's Japan-Philippines Corridor as Bitcoin Breaks Above $40K Ahead of FedU.S. Stock Futures Wobble Ahead of Fed UpdateChina stock market sell-off slows as investors wait on Beijing’s next move Inflation Comes for Aluminum, as the Everywhere Metal Surges Retail investors to drive $1.5tn push towards bespoke index fundsBank of Estonia Finds 'Unlimited' Potential in Digital Euro TestRipple On-Demand Liquidity Corridor Opens Between Japan and PhilippinesSenate Banking Committee Bashes Bitcoin's 'Phony' Populism Bitcoin Mining Difficulty to Increase for First Time Since China’s CrackdownBinance Boss CZ Is Looking for His ReplacementRobinhood is Reportedly Testing a Feature to Protect Crypto Investors From Volatility  Burger King Brazil Will Accept Dogecoin for 'Dogpper' Dog FoodFeatured Story:  Goldman's 'DeFi' ETF Is a Nothingburger | Daniel Kuhn -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

With the crypto markets stabilizing after a recent short squeeze and a look at how crypto developers are spending more time optimizing than innovating, CoinDesk’s Markets Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Kava and Nexo.io.Today's Stories:Stock Futures Slip With Tech Earnings on Tap Stocks Fall With U.S. Futures on China SelloffGoogle Primed to Benefit From Surge in Online Advertising Tesla overcomes supply chain woes to boost profit marginsCoffee prices surge as unusual cold threatens Brazilian productionBig Pharma Quietly Pushes Back on Global Tax Deal, Citing Covid-19 RoleJustin Sun Hints at Retirement, Joins Research Project at Communist Party SchoolSWIFT Go Launches Low-Cost Network With 7 Major BanksUSDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe ReportCoinDesk Amazon: No, We Have No Plans to Accept Bitcoin PaymentsGoldman Sachs Applies for a DeFi ETFShopify to Allow Merchants to Sell NFTs Directly Through Their StoresBug Found in Decoy Algorithm for Privacy Coin Monero Argentinian Crypto Exchange Lemon Raises $16M to Expand in Latin AmericaRussia's Hermitage to Sell Digital Copies of Art Gems as NFTsThe Cause: ‘They’re not just joining a climbing gym – they are joining a revolution’Featured Story: Crypto's Builders Are Upgrading, Not Breaking Ground | Brady Dale -Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.