MARKETS DAILY: Crypto Update | Proposed U.S. Rule Change Gives Treasury Broad Expansion of Powers, Including Over Crypto Platforms

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4.7 • 698 Ratings

🗓️ 30 November 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores signals in the U.S. economy, regulatory overreach, market moves and more. Today's episode is sponsored by CME Group and PayPal. To get the show every day, follow the podcast here. Today’s Stories: U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas China Investment Bank Bans Bearish Research, Wealth Displays - Bloomberg - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD. Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years. Get started now at paypal.com/pyusd. - This episode was hosted by Noelle Acheson. “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 CME Group and PayPal.
0:09.2	It's Thursday, November 30th, 2003, and this is Markets Daily from CoinDesk.
0:16.2	My name is Noel Acheson, Coindex collaborator and author of the Crypto's Macronow newsletter on Substack.
0:22.3	On today's show,
0:23.2	we're talking about the slowing U.S. economy,
0:25.8	regulatory overreach,
0:27.2	market moves, and more.
0:33.3	So you don't miss an episode,
0:34.9	be sure to follow the podcast
0:36.0	on your platform of choice
0:37.2	and turn on notifications.
0:39.6	And just a reminder, CoinDesk is a news source and does not provide investment advice.
0:45.2	Now, a markets roundup.
0:47.9	After yesterday's jump, crypto markets are settling back today.
0:51.8	According to CoinDesk indices, at 9 a.m. Eastern Time this morning,
0:55.3	Bitcoin was trading down 1% at $37,703. Ether was also down 1%. Trading at $2,033. Elsewhere,
1:07.1	Chainlink and Solana are down 2%. Pocdot is down 4%, Filecoin is down 5%.
1:12.6	Since this is the last trading day of November, let's have a quick look at monthly performances.
1:18.6	Some are quite astonishing. Over the past month, Avalanche is up 84%.
1:24.6	Solana is up 56%, Uniswap is up 43%. Cardano and Chainlink are each up 27%. Bitcoin and Ether haven't done
1:35.3	too badly. They're up 8% and 11% respectively. In macro matters, it's time to talk about inflation
1:42.9	again. On Tuesday's episode, I set up the expectations for the US Personal Consumption Expenditures Index,
	...

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