Grayscale Cries Foul Over SEC Approval of a Different Kind of Bitcoin ETF
ETF euphoria is still wafting through both the crypto and finance space, and would-be Bitcoin investors are holding their breath ahead of what they hope will be the first approved exchange traded fund for spot markets. Their spirits were lifted after regulators gave their blessing to 2X Volatility Shares to start trading the first ETF in leveraged Bitcoin futures on June 23.
Donald Verilli, one of the lawyers representing Grayscale in its battle with the SEC, argued that approving the Volatility Shares ETF ran contrary to its own stance against any fund dealing with spot markets.
Source: Decrypt
Israel pauses after 10 rate hikes but signals it may not be done
Israel’s central bank left interest rates
unchanged for the first time in over a year, halting an
unprecedented cycle of monetary tightening but signaling it’s
still on alert for the threat of faster inflation.
Source: Bloomberg
Pernod Ricard strong reversal day yesterday on support zone
Pernod Ricard (RI FP) had a strong reversal day yesterday ! Stock is now back over major support 196.80. (Source : Bloomberg)
Dassault Systemes rebounding on support zone
Dassault Systemes (DSY FP) is rebounding on support zone 38-38.60 !
93% of banks exploring potential CBDC: Bank of International Settlements
Central banks interested in exploring “some form” of a central bank digital currency (CBDC) rose to 93%, according to a 2022 Bank of International Settlements survey. Eighty-six banks responded to the BIS survey. However, a June survey from the Atlantic Council found that around 130 countries are exploring CBDCs. “Work on retail CBDC is more advanced than on wholesale CBDC: almost a quarter of central banks are piloting a retail CBDC. More than 80% of central banks see potential value in having both a retail CBDC and a fast payment system, mostly because a retail CBDC has specific properties and may offer additional features,” the BIS wrote.
Source: Blockworks
Meta's Threads Hits 100M Users In Just 5 Days, Becomes Fastest Growing App In History
Threads app has hit the milestone of 100 million users in the first five days of its launch, making it the fastest-growing consumer application in history. Threads beat ChatGPT's record by a wide margin, which achieved the milestone in two months. On the first day of Threads' launch, Meta co-founder Mark Zuckerberg announced the milestones of 2 million, 5 million, and 10 million users. It took Threads two hours, four hours, and seven hours, respectively, to cross these milestones. source : reuters
Market Expectations Seem Quite Low
As we enter us q2 earnings season, market expectations seem quite low Source: Bloomberg
Africa Natural Reserves
Africa has about 12% of the world’s oil reserves, 42% of its gold, 80%–90% of chromium and platinum group metals, and 60% of arable land in addition to vast timber resources. Source: MentorQpro