Minerva Macro News
@MinervaMacro
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Delivering the latest macroeconomic news with a focus on Web 3. #Bitcoin #Ethereum #Macro
NW Arkansas
Joined January 2024
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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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 https://t.co/oRBfEIaJ3n
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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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The share of #Bitcoin traded over weekends has declined to an all-time low of 16% in 2024, per Bloomberg https://t.co/KTcP4crTFB
bloomberg.com
The proportion of Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko.
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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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$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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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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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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The SEC has returned S-1 forms to potential spot #Ethereum spot ETF issuers with 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 https://t.co/q5b2bSvlhc
theblock.co
The SEC has returned the S-1 forms to prospective Ethereum ETF issuers with light comments, asking them to fix the issues and refile.
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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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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 The charges against their initial token offering and ongoing sales of BNB, staking, and fraud can proceed https://t.co/2ufgC6vyz4
coindesk.com
A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.
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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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The least affordable housing markets in the world, per voronoi
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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 https://t.co/S3ZC8JBrYp
bloomberg.com
The US Securities and Exchange Commission said crypto firm Consensys Software Inc. broke its rules when it failed to register as a brokerage and improperly collected millions of dollars in fees.
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