MARKETS DAILY: Crypto Update | DeFi Exchange Curve Finance Exploit Leaves $100M of Cryptocurrency at Risk

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 31 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, George highlights macroeconomic factors to keep an eye on for the week ahead, including jobs data and top tech earnings reports. Today's episode is sponsored by Kraken Pro. Today's Stories: Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.1	It's Monday, July 31st, 2023, and this is Markets Daily from CoinDisk.
0:14.0	George Kulud is here again for your Daily News Roundup.
0:16.9	On today's show, we're talking Bitcoin, the latest headlines, and more.
0:24.6	And just a reminder, CoinDisc is a new source and does not provide investment advice.
0:38.4	Bitcoin and Ether have been tamed since our last crypto update, and so we'll turn our eyes and ears toward some upcoming macro-cryptocatalysts. Although cryptocurrencies have been largely immune from significant
0:44.6	macroeconomic events recently, they probably shouldn't be. And so we should still pay attention
0:51.0	to these events. This week's highlight will be jobs data. Among other releases,
0:57.4	the Labor Department and Institute for Supply Management, ISM, will announce June job openings
1:02.9	in Labor turnover, also known as Jolts, and Manufacturing Index, also known as PMI, on Tuesday.
1:10.3	ADP will report on private sector jobs on Wednesday, and the Labor Department will present
1:15.2	initial jobless claims on Thursday.
1:18.1	From the jobs numbers, investors will be looking for continued signs of a cooling employment
1:22.7	market and slowing growth, which would suggest inflation is waning and possibly buoy risk on asset markets.
1:29.5	Hot jobs data, which typically accompanies rising prices, has been a particular concern for the Fed,
1:35.4	which raised the interest rate 25 basis points last Wednesday.
1:39.5	Outside of jobs, we also have Apple and Amazon earning reports.
1:43.8	Encouraging earnings reports by a number of tech firms have buoyed major equity indexes
1:48.3	recently, and this week, investors will get to play with two of the world's biggest
1:52.6	companies in Amazon and Apple.
1:54.9	An overperformance.
1:55.9	They could put risk back on the menu for investors.
	...

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