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The US Stock indices headed to the south on Tuesday on declining retail sales data for the month of July 2021.
Such an interest resulted from the COVID-19 pandemic. Before, there was attention from institutional investors, but nobody considered serious investments in cryptos. However, as high-profile investors began to talk about Bitcoin as a hedge against inflation, the fire started.
Despite the security risks exposed by the biggest DeFi hack ever, the price of SOL and LUNA, two tokens owned by Solana and Terra respectively, hit all-time highs on Monday.
The indexes hit a record high as nearly 87% of S&P 500 companies have reported positive EPS during the second quarter of 2021. This is the fastest 100% growth in S&P 500 since World War 2.
The entire crypto market has witnessed one of its most pleasant weeks in recent memories as many of the leading crypto assets finished the week strongly.
The price shift of the flagship crypto-asset today has indicated that nothing can stop Bitcoin’s current bull movement permanently, considering the significant record it saw in the early hours of the day.
The declining trend in the jobless claims and under-control inflation data has spurted optimism in the market.
According to Adidas, the new transaction will not change its financial outlook for this year. It will also not impact its previously announced long-term targets. The main part of the 2.1 billion euros will be paid in cash.
Back in February this year, Reddit raised $410 million from Fidelity in a Series E funding round. The total funds brought by the round made up $500 million, which made the company’s valuation total $6.5 billion.
Government officials claim that, based on a month-to-month basis, the CPI increased by 0.5 percent in the month of July alone.
The Neuberger Berman’s Commodity Strategy fund will offer crypto exposure through Bitcoin and Ethereum futures, Bitcoin trusts or exchange-traded funds.
The Poly Network hackers returned $342 million worth of tokens back, claiming that they only hacked the network to highlight vulnerabilities.
Gensler believes that the SEC should regulate crypto, as well as monitor transactions and platforms, to protect investors from the sector.
The bigger $3.5 trillion budget package passed by the American Senate has been tagged as a complementary expenditure plan to the $1 trillion infrastructure bill passed on Tuesday.
It was also revealed that the Senate Minority Leader Mitch McConnell questioned why the government would be spending trillions “when inflation is already sticking American families with higher costs.”