The State of Crypto - Monday, May 13th
In this episode, we dive into the latest in the world of cryptocurrency with a focus on economic reports, Federal Reserve announcements, earnings news, and significant token unlocks. Key highlights include:
- **Economic Reports**: Major data highlights such as PPI, CPI, retail sales, and the Philly Fed Manufacturing Index. Controversies arise as the Bureau of Labor Statistics halts tracking coffee prices amidst soaring costs.
- **Federal Reserve Announcements**: Fed Chair and representatives sharing their outlook on inflation, interest rates, and money supply, setting the stage for market expectations.
- **Earnings News**: Financial health disclosures from major corporations like Alibaba, Cisco, Walmart, and Home Depot, with potential market impacts.
- **Token Unlocks**: $1.43 billion in various cryptocurrencies to be unlocked, including AEVO, ARB, and STRK tokens, foreboding market volatility.
- **ETF Inflows**: Digital asset investment products seeing significant net inflows, Bitcoin leading recovery while Ethereum faces outflows.
- **Other Crypto Developments**: Predictions from Jack Dorsey on Bitcoin's rise, political narratives around crypto regulation, and notable incidents including a $71 million recovery post cyber-attack.
Stay tuned to The State of Crypto for your daily digest of pivotal news, market movements, and trends in the cryptocurrency space.
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