03-13 11:33 - 'I had a weird dream last night. I saw the crypto prices on Coindesk. Bitcoin was only at $3,050. But Ethereum was at $8,890, and Ripple was at $1.78. So in my dream, Ethereum was the dominant currency. / I think the date...' by /u/cicibellis4life removed from /r/Bitcoin within 2-12min
''' I had a weird dream last night. I saw the crypto prices on Coindesk. Bitcoin was only at $3,050. But Ethereum was at $8,890, and Ripple was at $1.78. So in my dream, Ethereum was the dominant currency. I think the date on the computer screen was October 2019. I couldn’t stop thinking about this today. I have never dreamed of Bitcoin before, I don’t usually think about it when driving home, or waiting for someone. It’s weird to have a dream so unusually detailed. ''' Context Link Go1dfish undelete link unreddit undelete link Author: cicibellis4life
The Bitcoin dilemma is, everyone want some but nobody spents them. Same with Eth. it's too expensive to send it. XRP is against the fundamental idea of Satoshi (imo). What else is out there? Is there a true alternative, practical and adoptable? Is the lighting network the solution? I d like to read your opinion...
Ultimate glossary of crypto currency terms, acronyms and abbreviations
What the economy looks like if Bitcoin hit 100,000
Hypothesis: What does the world economy would look like in order to sustain bitcoin hitting 100,000? I have seen comment here and there about price going to the moon aka 100k+. Yet I am wondering what it takes to change economy to allow sustain bitcoin hitting 100k and ripple effect to other Crypto Currency market place?
Was banned from /r/KinFoundation and this post removed "Why should any ICO investor be excited?"
Fortunately their hubris in banning me only serves to add another datapoint to the argument that the Kin Foundation is not an independent entity from Kik. Nothing about this post violated their sub-Reddit's rules. As someone with a law background they're going to probably wish they had not censored me. 📷 Sorry, this post has been removed by the moderators of KinFoundation.Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose. Posted byu/TheRealZer0Cool23 hours ago
A currency which has few supporters in the cryptocurrency space.
Exchanges which won't touch it due to its extremely low volume.
No use in De-Fi or smart contracts
Something moving to its 4th blockchain in 3 years
Grossly mismanaged compared to other offerings from that time
Whose biggest selling point was its use in an app people heard of Kik which almost no one uses anymore.
Whose 3 year old (now obsolete) promise of mainstream adoption as been bulldozed by Paypal's announcement that its going to let its Paypal and Venmo users use Bitcoin (Just as Cash App already does).
Trillions of coins held by entities which aren't very transparent.
Nothing to replace the excuse of "we have to wait for the SEC decision" to do anything about the above 9 points.
Why, wouldn't the original ICO investors band together and file a class action lawsuit as has happened in other cases given they were sold a security (as unlicensed defined by the law and judgement) and there has been no disgorgement as has happened in other cases to make them whole? Answer: They will. Anyone feeling ripped off can call Law Firm:Haynes and Boone, LLP Lawyer: Pavel Pogodin - Phone:408-660-4144
The Dow fell 632.42, or 2.25%, to 27,500.89, the Nasdaq lost 465.944, or 4.11%, to 10,847.69, and the S&P 500 declined 95.12, or 2.78%, to 3,331.84. The major averages were sharply lower in Tuesday's trading, picking up where they left off before the long holiday weekend. Tech once again was leading the charge lower, with the Nasdaq the laggard among the major averages. Today's selling was largely a continuation of last week, but unlike Friday, buyers appeared unwilling to buy the dip. Tesla's 21% decline was a drag on the Nasdaq, while Apple's 7% decline pressured the large-cap indices and the S&P 500 information technology sector (-4.6%). The energy (-3.7%) and financials (-2.6%) sectors followed suit amid weaker oil prices ($36.76/bbl, -2.94, -7.4%) and lower Treasury yields, while the utilities sector (-0.6%) declined the least. Besides concerns that the market's pullback had more room to go, investors had to contend with Democratic leadership rebuffing the Senate's $300 billion coronavirus relief bill, President Trump suggesting disincentives for U.S. companies to outsource jobs to China, and reports that China's largest semiconductor foundry could be added to a trade blacklist. Production problems at a BA 787 Dreamliner factory have prompted air-safety regulators to review quality-control lapses potentially stretching back almost a decade, The Wall Street Journal reported over the weekend. This morning, Boeing said in a statement to media outlets that inspections stemming from production problems of its 787 Dreamliners are slowing deliveries. AAPL announced an event, to be held from Apple Park on September 15, without offering details on the nature or contents of the meeting. Bloomberg is reporting the event will be focused on the iPad, not the company's new iPhone models. The prospect of potential retaliation on U.S. semiconductor companies was an additional drag on the Philadelphia Semiconductor Index (-4.7%). Separately, Boeing (BA 161.08, -9.97, -5.8%) provided a disappointing update, saying 787 Dreamliner production problems have slowed the pace of deliveries. Among the noteworthy gainers was NKLA, which surged +40.8% after GM, +7.9% formed a strategic partnership that was well-received by investors. WDIS, +1.7% was upgraded to Buy from Hold at Deutsche Bank. Among the notable losers was CRBP, which fell 74% after its RESOLVE-1 Phase 3 study did not meet its primary endpoint. Also lower was ACMR, which declined 26% after Needham analyst N. Quinn Bolton downgraded the stock to Hold from Buy, saying that the company's business outlook could weaken due to its "material exposure" to Chinese chip giant SMIC. The downgrade follows reports that the Pentagon proposed for SMIC to be added to U.S. government trade blacklist. U.S. Treasuries saw increased buying interest amid the decline in equities but closed off highs. The 2-yr yield declined two basis points to 0.14%, and the 10-yr yield declined four basis points to 0.68%. The U.S. Dollar Index rose 0.8% to 93.46. Oil prices were pressured by Saudi Aramco lowering its prices for buyers in Asia and the U.S. due to sluggish demand. Elsewhere, Stoxx 600 provisionally closed over 1% lower, with the tech sector falling another 2% as almost all sectors and major bourses fell into negative territory. Stocks in Asia-Pacific were higher on Tuesday, as Japan released revised gross domestic product figures for the second quarter.
The U.S. Dollar Index climbed 0.8% to 93.46, recording its sixth consecutive advance. In emerging markets, Turkey’s lira hit another record low and Russia’s rouble sagged to its lowest since April amid ongoing talk about fresh Western sanctions.
EUUSD: -0.3% to 1.1777
GBP/USD: -1.3% to 1.2988
USD/CNH: +0.3% to 6.8537
USD/JPY: -0.2% to 106.03
Treasuries overtook their opening levels as the stock market opened for the day, but the buying pressure faded shortly thereafter, allowing Treasuries to inch back to their starting levels as the day went on. Today's $50 bln 3-yr note auction was met with lukewarm demand but Treasuries of most tenors remained near their midday levels into the close.
2-yr: -2 bps to 0.14%
3-yr: -1 bp to 0.17%
5-yr: -3 bps to 0.27%
10-yr: -4 bps to 0.68%
30-yr: -5 bps to 1.42%
WTI crude futures settled sharply lower by 7.4%, or $2.94, to $36.76/bbl. Prices were pressured by Saudi Arabia reducing October prices for buyers in Asia and the U.S. Gold futures settled $8.90 higher (+0.5%) to $1,943.20/oz, recouping earlier declines, as pressure from equities pushed investors into the yellow metal. Gold’s gains came despite a stronger dollar, which rose 0.7% against rivals. Investors are now awaiting an ECB policy meeting due on Thursday, while the U.S. Federal Reserve’s next meeting is scheduled for next week.
WTI crude: -7.4% to $36.76/bbl
Gold: +0.5% to $1943.10/ozt
Copper: -1.3% to $3.023/lb
Bitcoin is again proving itself to be a bit too correlated with financial markets for comfort, continuing to slide right alongside stocks.
Bitcoin: $10,035.96 (24hr: -1.15%)
Ethereum: $337.05 (24hr: -2.62%)
Ripple: $0.23 (24hr: -0.06%)
FAAMG + some penny stocks +20.9% YTD
Spoos +3.1% YTD
Old man -3.6% YTD
Russy -9.7% YTD
In COVID-19 news, Florida reported 650,092 cases of the virus versus 648,269 the previous day, while California reported a 2,676 increase in cases from the prior day. The CEOs of AZN, BNTX, GSK, JNJ, MRK, MRNA, NVAX, PFE and SNY announced a pledge, outlining a "united commitment to uphold the integrity of the scientific process as they work towards potential global regulatory filings and approvals of the first COVID-19 vaccines." The statement reads in part: "We, the undersigned biopharmaceutical companies, want to make clear our on-going commitment to developing and testing potential vaccines for COVID-19 in accordance with high ethical standards and sound scientific principles. The safety and efficacy of vaccines, including any potential vaccine for COVID-19, is reviewed and determined by expert regulatory agencies around the world, such as the United States Food and Drug Administration. FDA has established clear guidance for the development of COVID-19 vaccines and clear criteria for their potential authorization or approval in the US. FDA's guidance and criteria are based on the scientific and medical principles necessary to clearly demonstrate the safety and efficacy of potential COVID-19 vaccines. More specifically, the agency requires that scientific evidence for regulatory approval must come from large, high quality clinical trials that are randomized and observer-blinded, with an expectation of appropriately designed studies with significant numbers of participants across diverse populations...We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved. We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved." The companies also pledged to "only submit for approval or emergency use authorization after demonstrating safety and efficacy through a Phase 3 clinical study that is designed and conducted to meet requirements of expert regulatory authorities such as FDA."
Slack Technologies EPS beats by $0.03, beats on revenue. Reports paying customers of 130k +30%. Shares down by 15%.
Snowflake prices $75-85 IPO with Salesforce, Berkshire Hathaway set to buy
Lululemon slips after earnings beat, execs cautiously optimistic on back half
READ THIS NOW: My life of SHOULD'VE, WOULD'VE, COULD'VE until I discovered Crypto.
Mostly all here are invested into Crypto. We all have our own reasons, methods, values of how we invest our money. One thing in common is we all have one main goal. That is to get as much money as possible out of this with the time, and money we can spare.
That's the dam truth##.
We are all here together, and since we are all here on our own will , I want to tell you why you should be proud to hold all your crypto. I'm 40 years old. At 18 after I graduated HS I had about $7800. $1400 from my graduation party, and $6400 selling my MTG collection on EBay. I also managed a small arcade for about $350 a week. Back to my MTG collection... I sold it because it changed. The designs on the new series looked too modern. The original designs were a work of art. Anyway, I seriously wanted to hold those magic cards but I kept telling myself... "I can get them back if I want. The price isn't going to move anytime soon. The market is in slight decline. Some of these have been the same price for 2 years now." I was right, the price of my two Lotus's stayed the same for 5 more years. Not budging . 12 years later after that , those same two cards value at over $60,000ea I believe. If I held untill a few years ago or now, I would've been able to do a quick sale at $400,000. Yes at a discount. The same goes for all the first edition garbage pail kids I had.
So, what did I do with all $7800##?
I told myself I want to invest it into Microsoft. But I talked myself out of it by saying "Some people told me the market was a risk, and I had to prepare myself to lose it all" So I didn't do it. I was close, but I didn't. I could've had OVER A MILLION! I instead used that money for a school. Business computer programming. It was a waste because 90% of what they taught me came natural. I was doing basic programming at 13 for fun. I regret not going with my initial FOMO on Microsoft , I regret listening to my own FUD with the MTG cards. 7 years later, I repeated the same mistake... I had about $15,000 in the bank. I wanted to invest $10,000 in apple after I read about the release of the iphone. Instead opted to do 5k over FUD I read. It was FUD about the risk since they never made phones, and alot of people were ridiculing their idea. Then I said to myself... "Fuck that, I don't want to do this. I could do so much more with this 5k" I instead used the 15k turbocharge my transam, add a racing transmission, tires, rims, new stero system, and I took a 2 week vacation ...GONE! I got what I wanted. Got laid a bunch of times, went to car shows. That could of been $500k by now. To top this off, I missed out on a quick $78,000 win at the racetrack because if my own FUD. Horses. I lost $200, and was left with only I $5 that night. I decided, "you know what, fuck it, I'm going to do a completely off the wall wild bet. I did a completely wild bet for $5. I picked all longshots in what they call a "Superfecta"(4 horses in that exact order 1st, 2nd, 3rd, 4th place prediction. 1 minute before the race started, I Cancelled the bet. I told myself ... "this is stupid, 99:1, 78:1, 56:1, 38:1 long shots coming out in this order? THATS INSANE...Why am I blowing 5 away? Fuck that, I instead put $5 on the 10:1 to win hopefully my to maybe get $50 back " Well. Guess what? The 3nd largest superfecta payout in history. No body won it! It came out in the original order I out it in that's to a series of freak disqualifications in the race. I hate myself for cancelling that. But hey, maybe that happened for a reason. Maybe I wouldn't have ended up living on another country for 2 years. Learning another language. You see So many times in my life I had the perfect opportunity, and I didn't take it. I let Fear, Uncertainty, and Doubt make my Choices for me. Then came crypto currency. In late 2016, a client of mine told me he got rich off Bitcoin. He raved about it . He told me about ripple, ETH etc. I invested in his recommendation about XRP when it was $0.005. it FLEW UP from there. I took some of that massive gain and bought other things, and those FLEW. For someone like me, it was LOTS of money off my original $500. Sure this was a "lucky time" to get in but that's not the point I'm trying to make here. The point is that I finally did it! I didn't let FUD fuck with my head. I just did it. I cashed out already in late 2017. About 90% of what I gained. Payed off all my debt, and my truck, and had another $30k or so to put a down payment on a house. If I didn't just stick with my guns and let the FUD get to me, then I would still be in a whole bunch of debt. Especially with this whole lockdown bullshit. But now.... NOW ,I never again I will tell myself... "IF ONLY I DID THAT WHEN I HAD THE CHANCE" NOW I NEVER HAVE TO SAY THAT AGAIN! I DONT GIVE A SHIT IF IT TANKS ANOTHER 50% FROM HERE because it's all house money. I NOW NEVER HAVE TO SAY ... "IF ONLY I DID IT" NOW I DID! Crypto Currency is severely undervalued. Its manipulated down right now. This about this logic, how can something increasingly popular with more and more support by the day drop in price? Crypto isn't human. Bitcoin isnt getting fired over sexual harrassement, there isn't a corporate takeover. Its manipulation. I don't care if this shit takes 5 years to recover. I'm holding . I don't care if BTC dips to $1000. I'm holding till this MCAP tops 10 trillion. so if you love your crypto, hold that F#%KING SHIT! The lesson here is never let FUD make choices for you. Stick to your original beliefs. If there's a voice in the back of your head telling you "I want to do this", then Listen to that voice. That's you! Listen to yourself, not the new voice that intrudes after your choice.
Información en DASH : Estrategia elemental para cronificar SIN CURAR una jerarquía ponzi y sus parásitos.
u / dnale0ru / dashcryptou / DashUncensored It is not possible to add posts about censorship suffered in the thread anchored at the beginning of this reddit and it is important so that the open files do not sink to the bottom of the list. If you still come to this reddit, please open it.____________________________________________________________________________________________________ Information in DASH: Elemental strategy to chronify WITHOUT CURING a ponzi hierarchy and its parasites.( Development of the facts and presentation / monitoring of the corruption of the Valenzuela parasite and the repressive, intoxicating and corrupt strategy of the kidnapping elite of a deeply corrupt project ) With no prior breach of rules, I was banned by Valenzuela on the Dast Talk discord (probably the most unworthy parasite on DASH's infographic distortion channels - whose only contribution to the project and the reason for their alms is the information intoxication of the existing supporters to hide the endless defaults and incapacities of the project managers ... and the deception of new users / capital contributors to parasitize through the extractive structure by DASH-) for quoting a video of his (in the line of ignorance, cosmetic propaganda and habitual vacuity ) of an irrelevant interview with two inhabitants of the Ponzi (of absolutely empty perspectives too). Anyway ... an hour of topics, inaccuracies and brain death live ... nothing new. As the manipulation of the censoring cockroach Valenzuela is so evident - And as here I will not refer to the census rules of the official channels of the project nor do I need to save the forms to show a respect that I lack for the legion of parasites that, installed ponzi created, expand the metastasis of crap and repression that allows the entire cascade of incapable bummers to continue sucking) I copy and paste ALL the crossing of the message clarifier: Purpelado12 / 10/2020 https://odysee.com/@DigitalCashNetwork:c/Dash-Podcast-156:5?r=FqowB2QREmrBV4DcLpAWb8cz2K4gYVUV u/TheDesertLynx ... when you make economic references ... (and I mean both these and the rest of your past expositions on economic aspects of DASH) ... are you really convinced of what you say? The whole interview is a succession of (let's be nice and not say "manipulations") glaring inaccuracies. But as a sign of DASH's wacky economic approach, it works. TheDesertLynx12 / 10/2020 u/Purpelado do not mention or address me again, this will be considered harassment. Thank you \* Purpelado12 / 10/2020 And that in what libertarian code is it written? There is nothing to consider personally beyond some analyzable approaches like any other. (for my part, of course). *\* bigrcanada12 / 10/2020 Thank god i can't understand his English. **\* >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 5 days later, the kindergarten guru (or a neighborhood tavern full of hicks more ignorant than he himself still) uploads another of his "existential illuminations" (in his line of obviousness and emptiness "signature mark") TheDesertLynx 17/10/2020 There's a few @ p5yc071c it depends which one because there's two I made this to explore some of the bigger adoption issues we face: https://odysee.com/@DigitalCashNetwork:c/Adoption:3?r=FqowB2QREmrBV4DcLpAWb8cz2K4gYVUV Odysee The REAL Reasons Cryptocurrency Adoption Hasn't Happened ! [image] (https://thumbs.spee.ch/view/2/72565375fff13b62.png) Cryptocurrency has been around for over 10 years since Bitcoin's birth in 2009. But it still hasn't reached anything resembling mainstream ... >>> Of course, disregarding his sly previous threats, I quote its ridiculous sermon, in direct contradiction to his previous (pseudo) historical theses, downplaying and ridiculing the need for stable resources in DASH. Purpelado17 / 10/2020 u/TheDesertLynx ... volatility is an adoption problem? Now? (the first one you name) after a 96% wealth drain during which you have spread the message on DASH networks that stable coins "are a fad"? (A fashion that bills, only in one currency, as much daily money as BTC, ETH and Ripple together - and more than the rest of the united sector, thousands of projects -). How do you think that BTC has maintained reasonable volatility compared to all other projects, if not for Tether? (which is worth nothing less than the throne of the industry light years from the rest). Without Tether, Bitcoin would have fallen to 3 figures, like the rest ... and would be suffering a martyrdom to regain its lost status - like the rest of the relevant currencies ... and DASH especially -). In order for the demand for DASH AS A MEANS OF PAYMENT, which is what you defend even by directly encouraging spending, to eliminate the volatility suffered by the currency, you do not need to go up in adoption, but to achieve a MONSTER adoption ( that is, subordinate a current problem, short-term, to a future and long-term solution ... and it is not necessary to clarify the asynchrony of that approach and its effects: Just look at the DASH price statement). But DASH needs effective stable resources TODAY to mitigate its volatility and reaffirm itself as a store of value (and on top of that, create a progressive growth structure). As u/xcdc says, that is what users are looking for to entrust their money to a project: A SOLID asset. Until that is resolved, this will be a destructive spiral of wealth ... even if the best technology for payments is available. TheDesertLynx17/10/2020 u/Purpelado do not mention me or address me again, this will be considered harassment. Thank you / (copypaste of its threat from days ago - "supposedly" loaded with reason for those who had not read it and seen the pure invention of "harassment") u/TheDesertLynx Some people just don't learn: Facepalm: Purpelado17 / 10/2020 By the way ... being a good means of payment and a good store of value ARE NOT EXCLUSIVE (an argument that continually underlies the monetary qualities of DASH). BTC has sacrificed - to this day - qualities such as speed in exchange for being the "Gold" of the sector (an approach that is being very beneficial) ... but for sheer technical limitations. However, DASH is technically prepared to address both challenges: the solution is strategic and therefore perfectly within reach. bigrcanada at 5:54 Yeah ... FUCK! Like why is Purple Dick still on here too?!? Fuck fuck !!!!!!! ***\* >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1- notes and clarifications \* He accuses me of harassment when there are not even previous posts between him and me (in fact, it would be difficult to find a quote from me, looking back MONTHS ... probably and except by chance, there is not ... that is: NOTHING of harassment - I know that his censorious, ignorant and manipulative attitude fits easily into my IMPERSONAL AND GENERIC criticisms of the objectionable practices in DASH ... and I also know that "thedesertlynx / Valenzuela" is corrupt, cowardly and complex, with which, except Express mention of me, I will not give you excuses to express your cowardice and one-sided authoritarianism -) *\* I expose your invention on a non-existent harassment. **\* Thanks to a post that tries to ridicule me ... to which he adds a request for an automatic translation of the discord (it does not seek to expose a problem or harassment ... but to excuse the censorship he wants to execute on my posts, ridicule me and call for my harassment the group of trolls that systematically intoxicate the DASH Talk Discord) ***\* The group of trolls keeps harassing me (in text and thank you icons) 2- Links 1- Invention of infraction ... and threat of ban. https://discord.com/channels/484546513507188745/484546513935269918/765205520347824128 2- Execution of ban https://discord.com/channels/484546513507188745/484546513935269918/767040388505927730
The Dow fell 525.05, or 1.92%, to 26,763.13, the Nasdaq lost 330.65, or 3.02%, to 10,632.98, and the S&P 500 declined 78.65, or 2.37%, to 3,236.92. The S&P 500 dropped 2.4% on Wednesday in a broad-based retreat that reflected cash-raising efforts. The Nasdaq Composite fell 3.0%, the Russell 2000 fell 3.0%, and the Dow Jones Industrial Average fell 1.9%. U.S. equity futures were firmer in early trading following an agreement on a continuing resolution to avoid a government shutdown and J&J announcing that it has begun a large phase 3 trial of its COVID-19 vaccine. However, the early gains did not hold and the major averages were all in the red by midday. All 11 S&P 500 sectors closed sharply lower between 1.1% (health care) and 4.6% (energy), and traditional safe-haven assets did not see the usual appreciation in times of equity weakness. An initial weakness in the mega-cap stocks, however, gradually spilled over to the broader market, and the negative price action appeared to reinforce the idea that the market's recent pullback may not yet have run its course. The CBOE Volatility Index increased 6.4% to 28.58, which was a relatively modest gain. Losses steepened in the afternoon without much interest to buy the dip. Shares of AAPL fell 4% while TSLA fell 10% post-Battery Day. On a related note, UBS resumed coverage on Apple with a Neutral rating, versus a prior Buy rating. Data from the Johns Hopkins Whiting School of Engineering shows there are now 31.7M confirmed cases of COVID-19 worldwide, including 6.9M in the U.S., and 972,372 deaths due to the disease, including 201,000 in the U.S. Separately, the House passed a government funding bill through Dec. 11 that the Senate is expected to pass later this week. Notwithstanding this piece of good news, general uncertainty surrounding the election, the coronavirus, and the economy likely increased the cash appeal. In other auto news, California Governor Gavin Newsom announced that he will "aggressively move the state further away from its reliance on climate change-causing fossil fuels while retaining and creating jobs and spurring economic growth," issuing an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035 and additional measures to "eliminate harmful emissions from the transportation sector." Among the notable gainers was WDC, which rose 6.7% after the company announced that it is reorganizing and creating separate business units for its Flash and Hard Drive product businesses. Among the notable losers was JPM, which was lower by 1.6% after Bloomberg reported that the bank is set to pay close to $1B to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities. Additionally, shares of DAL fell 2.2% as Bloomberg said that the airline is in talks with EADSY to delay at least 40 aircraft deliveries planned for this year due to the airline's struggles with a travel market hit by the coronavirus pandemic. Elsewhere, European stocks closed higher Wednesday as investors reacted to key data releases from the euro zone and weighed up the possibility of further stimulus measures for the region. Stocks in Asia-Pacific were mixed on Wednesday.
The U.S. Dollar Index rose 0.4% to 94.32, reaching its best level in nearly four months.
EUUSD: -0.4% to 1.1657
GBP/USD: -0.2% to 1.2712
USD/CNH: +0.7% to 6.8255
USD/JPY: +0.5% to 105.41
U.S. Treasuries ended Wednesday on a modestly lower note, but once again, intraday action was confined to a narrow range. The trading day started with modest losses after overnight action saw a rally in European markets, which reflected a rebound in risk tolerance. However, that rebound was short-lived, resulting in a slide into the European close and more weakness on Wall Street.
2-yr: UNCH at 0.13%
3-yr: +1 bp to 0.15%
5-yr: +1 bp to 0.27%
10-yr: +1 bp to 0.68%
30-yr: +1 bp to 1.43%
Oil rose more than 1% on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week, although concerns about the ongoing coronavirus pandemic capped gains. Spot gold dipped 1.5% to $1,870.11 per ounce, having hit its lowest since Aug. 12 at $1,865.03.
WTI crude: +1.0% to $39.94/bbl
Gold: -2.0% to $1868.90/ozt
Copper: -2.2% to $2.993/lb
Bitcoin fell as investors sold equities, gold and other fiat currencies on renewed coronavirus concerns.
Bitcoin: $10,331.92 (24hr: -1.71%)
Ethereum: $369.66 (24hr: -4.38%)
Ripple: $0.22 (24hr: -2.02%)
FAAMG + some penny stocks +18.5% YTD
Spoos +0.2% YTD
Old man -6.2% YTD
Russy -13% YTD
What Patrick, the Cat says?
The S&P 500 is down 5.3% in September while the Nasdaq Composite is down 6.9%. The market could go either way today (to state the obvious). Summaryscrapedfromtheinterweb.Took0.36seconds.
Hello! It's Thursday. Welcome to our daily discussion thread. You can discuss anything related to Ripple and XRP here. Before posting, read the Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng If you see any rule-breaking content, please report by contacting the moderator team modmail We now have an official discord channel dedicated to Ripple: discord.gg/7Bv2rYf This channel is also used for XRP. While there are rules to follow, it will be a more relaxed environment where you can discuss anything related to Ripple and XRP. The channel is not affiliated with Ripple the company.
Bitcoin, Litecoin, and Ripple are currencies that the user can interact with in a trustless environment. HEX is both is a currency and financial product, in that same trustless environment, that yields returns by staking it. When staked, HEX is burned out of existence for "placeholding shares" creating scarcity and upward price pressure on the HEX currency. The grand vision of Satoshi became bread and now in 2020 that bread has been sliced, make your stake sandwich and eat it! hex.com (learn more and buy) go.hex.com (stake) Your welcome!
The Dow rose 131.06, or 0.48%, to 27,665.64, the Nasdaq lost 66.05, or 0.60%, to 10,853.55, and the S&P 500 advanced 1.78, or 0.05%, to 3,340.97. Traders at /thewallstreet cheered as volatility returned to the stock market. The major averages finished Friday's trading in mixed fashion, as dip buyers provided support for the Dow and the continued tech selloff made the Nasdaq the laggard once again. The chances for another round of fiscal stimulus ahead of the election were hurt yesterday after Democrats stopped the passage of the "skinny" GOP package, but the U.S. economy looks poised for a strong rebound in Q3, corporate earnings continue to largely overshoot pessimistic forecasts and the Fed remains "all in," leaving investors to mull the cross-currents. Similar to the days before, today's price action was technically-oriented given the absence of market-moving news and the losses in stocks like AAPL, -1.3%, AMZN, -1.9%, and MSFT, -0.7% on no specific corporate news. Apple shares fell 7.4% this week. The difference today was that their losses were offset by relative strength in the cyclical sectors, namely industrials (+1.4%), materials (+1.3%), and financials (+0.8%). Still, when Apple and Amazon are down more than 1.0%, there must be more winners than losers to make a meaningful difference. There were more of the latter on Friday, as declining issues outpaced advancing issues at the NYSE and Nasdaq. The information technology (-0.8%), consumer discretionary (-0.3%), and communication services (-0.3%) sectors ended the day in negative territory due to their exposure to the mega-cap stocks. Interestingly, the S&P 500 was down as much as 0.9% intraday and fell below its 50-day moving average (3322). A broad rebound in the afternoon, however, helped the benchmark index turn positive and close above the key technical level. In TikTok news, President Trump said that the deadline established for China's ByteDance to sell video-sharing service TikTok's U.S. operations would not be extended, Reuters reported. "It'll either be closed up or they'll sell it," the president told reporters, adding, "There will be no extension of the TikTok deadline." MSFT in partnership with WMT and Oracle have been seen as the leading suitors to purchase TikTok's operations in the U.S., Canada, Australia and New Zealand. Subsequently, Reuters reported that Chinese officials are so opposed to a forced sale of TikTok's U.S. operations that they would prefer to see the app shut down in the U.S. over that conclusion. Reuters noted that China was willing, if needed, to use revisions it made to a technology exports list on Aug. 28 to delay any deal reached by ByteDance. Electric vehicle hopeful NKLA continued its fight this morning with a short-seller, which now appears to be "short-sellers." Nikola issued a statement in response to claims made about the company by activist short-seller Hindenburg Research yesterday, calling the firm's report "a hit job for short sale profit driven by greed." Nikola, which added that it has "nothing to hide and we will refute these allegations," announced that it has retained law firm Kirkland & Ellis to evaluate potential legal recourse and intends to bring the actions of the short-seller, together with evidence and documentation, to the attention of the SEC. Following the company's press release regarding the response, Andrew Left's Citron Research said via Twitter, "Congrats to Hindenburg for exposing what appears to be a total fraud with $NKLA. Citron will cover half of all legal expenses. You can't SLAPP the truth away. Explains why Milton sold at $10 this June $NKLA response warrants an SEC investigation to maintain integrity of EV mkt." After having dropped 11% on Thursday, Nikola shares fell a further 14.5%. Meanwhile, CNBC reported that AAPL has updated its App Store guidelines ahead of the release of iOS 14, with one major revision relating to game streaming services. The tech giant said in its revised guidelines that services such as Google Stadia (GOOG) and Microsoft xCloud are explicitly permitted, though under the condition that games offered in the service must be downloaded directly from the App Store, not from an all-in-one app. Among the noteworthy gainers was Shares of ORCL, which was in focus after the company reported what Barclays analyst Raimo Lenschow called a "surprisingly strong beat" and growth on licenses despite the continued macro uncertainty. NOG, which rose 1.3% after acquiring interests in the Delaware Basin and raising Q3 production guidance. Also higher was CX, which gained 8.3% in New York after Morgan Stanley analyst Nikolaj Lippmann upgraded the stock to Overweight from Equal Weight. Among the notable losers was AMRS, which dropped 25.8% after responding to a lawsuit filed by Lavvan against the company for patent infringement and trade secret misappropriation. Also lower was CHWY, which declined 9.8% after reporting some cats have tried to take over the company with whiteclaws. Despite a blowout fiscal Q4 report, PTON were 4.2% lower following last night's from the fitness products and services provider. Elsewhere stocks were higher, with the Shanghai composite up 0.79% to around 3,260.35 while the Shenzhen component rose 1.57% to about 12,942.95. Hong Kong’s Hang Seng index advanced 0.78% to end its trading day at 24,503.31.
The U.S. Dollar Index (93.35, +0.01, unch) reclaimed its overnight loss, gaining 0.7% for the week.
EUUSD: +0.1% to 1.1828
GBP/USD: -0.1% to 1.2788
USD/CNH: -0.1% to 6.8345
USD/JPY: UNCH at 106.09
U.S. Treasuries ended the abbreviated week with modest gains across the curve. The cash session started with some light selling for the second day in a row, but the market recovered from the early dip with ease.
2-yr: -1 bp to 0.13% (-3 bps for the week)
3-yr: -1 bp to 0.15% (-3 bps for the week)
5-yr: -1 bp to 0.25% (-5 bps for the week)
10-yr: -2 bps to 0.67% (-5 bps for the week)
30-yr: -2 bps to 1.42% (-5 bps for the week)
Gold slipped on Friday on a lack of further stimulus from the European Central Bank and the U.S. government, but for the week the safe-haven metal was set to end higher. Crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID-19 cases in some countries.
WTI crude: +0.2% to $37.34/bbl
Gold: -0.8% to $1948.30/ozt
Copper: +1.3% to $3.04/lb
Bitcoin is struggling to gather upside traction despite repeated defense of support at $10,000. The top cryptocurrency’s sell-off from the August high of $12,476 looks to have come to a halt near $10,000 over the past seven days.
Bitcoin: $10,332.31 (24hr: +0.45%)
Ethereum: $369.66 (24hr: +1.48%)
Ripple: $0.24 (24hr: -0.10%)
FAAMG + some penny stocks +21.0% YTD
Spoos +3.4% YTD
Old man -3.1% YTD
Russy -10.3% YTD
Total CPI increased 0.4% m/m while core CPI, which excludes food and energy, also rose 0.4%. Those gains left total CPI up 1.3% yyr and core CPI up 1.7% yyr. The key takeaway from the report, which featured the largest increase in the index for used cars and trucks (+5.4%) since March 1969, is that the increase in the all items index was broad-based; nonetheless, annual inflation rates are still running well below 2.0%, so there is still more noise than bothersome policy signal in the August report.
IPO (Most Anticipated)
Week of Sep14-18
Company: AMWL Amwell (NYSE) | Leading telehealth company enabling digital delivery of care for healthcare’s key stakeholders | Initial Shares: 35.0 M | Initial Range: $14.00-16.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, Goldman Sachs, Piper Jaffray, UBS, Credit Suisse, Cowen
Company: BNL Broadstone Net Lease | REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties | Initial Shares: 33.5 M | Initial Range: $17.00-19.00 | Priced On: NA | Opened: NA | Underwriters: Lead: J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities, Truist Securities
Company: FROG JFrog (Nasdaq) | Developer of an end-to-end, hybrid, universal DevOps platform | Initial Shares: 11.6 M | Initial Range: $33.00 -37.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, BofA Securities
Company: SNOW Snowflake (NYSE) | Developer of a data cloud platform that enables customers to consolidate data into a single source to drive business insights | Initial Shares: 28.0 M | Initial Range: $75.00-85.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Morgan Stanley, JP Morgan, Allen & Co, Citigroup
Company: STEP StepStone Group (Nasdaq) | Global private markets investment firm | Initial Shares: 17.5 M | Initial Range: $15.00-17.00 | Priced On: NA | Opened: NA | Underwriters: Lead: JPMorgan, Goldman Sachs, Morgan Stanley, Barclays, UBS Investment Bank
Company: SUMO Sumo Logic (Nasdaq) | Pioneer of Continuous Intelligence, a new category of software, which enables organizations to address opportunities presented by digital transformation and cloud computing | Initial Shares: 14.8 M | Initial Range: $17.00-21.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, RBC Capital, Jefferies
Company: U Unity Software (NYSE) | Leading platform for creating and operating interactive, real-time 3D content | Initial Shares: 25.0 M | Initial Range: $34.00-42.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Credit Suisse, BofA, Barclays, William Blair
Week of Sep21-25
Company: PLTR Palantir Technologies (NYSE) | Software developer for defense, intelligence agencies, law enforcement, and commercial enterprises | Initial Shares: 244.2 | Initial Range: NA | Priced On: NA | Opened: NA | Underwriters: Lead: Direct Listing
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