Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
The markets seem to start coming back to life. Dow futures are gaining points today in the pre-market.
The 750 billion euros EU recovery fund is said to include 500 billion euros in grants and 250 billion euros in loans.
On Saturday at 3:22 p.m., there will be another attempt to launch astronauts. However, as NASA and SpaceX have warned, there is only a 50% chance the astronaut launch will actually occur, therefore, another postpone is possible.
Goldman Sachs said Bitcoin and other cryptocurrencies can’t be treated as an asset class because of its inability to generate returns in tune with global economic growth. Experts from the crypto-world slammed Goldman for its yet another Bitcoin-bashing rhetoric.
SpaceX announced that it had raised $346.2 million in its recent funding round, bringing the total raised since January 2019 to $1.7 billion. Today is the day Elon Musk’s SpaceX will launch its next level of human space exploration.
Speaking of JPMorgan’s position, Dimon said the bank is “very valuable” at the current price. Despite its losses, revenues from JPMorgan’s trading division are still strong. Following his statement, JPM stock went up.
Decentralized sharded protocol Polkadot, which helps to connect several blockchains in a unified network, has announced the launch of the CC1 version i.e. initial version of the mainnet.
Facebook has re-branded its Calibra digital wallet to Novi which will facilitate instant cross-border money transfer without any hidden charges associated. The Novi digital wallet will launch along with the Libra network.
For the first time since March, the S&P 500 has reached 3,000. Dow Jones has already gained around 600 points today. On the back of rising indices, stocks of biotech companies are going up.
Bitcoin whales have started accumulating more tokens after the cryptocurrency’s price dipped below $9,500. Historical data shows that affluent crypto holders are trading Bitcoin short-term to extract maximum profits. Now BTC is at around $8,800.
American biotech company Novavax said it had started the first human study of its experimental coronavirus vaccine, with initial results on safety and immune responses expected in July. The U.S. futures positively reacted to the news.
In March, when the coronavirus pandemic was most widely unwrapping, some experts said it was time to buy FAANG stocks. And as we see now, they were right.
Bitcoin is seeing a downward selling pressure as it fails to hold $9000 support levels. After the Bitcoin halving, miners are selling more than they mine to meet the surging operational costs.
The Moderna episode is a case study of how the coronavirus pandemic and the desperate hunt for treatments and vaccines are shaking up the financial markets. Now Moderna (MRNA) stock is trading below $70 again.
Ripple has joined the Faster Payments Consortium (FPC) that offers its members the possibility to work together and to get access to the latest research and data.