4.8 • 689 Ratings
🗓️ 19 May 2023
⏱️ 15 minutes
🧾️ Download transcript
Bitcoin drifts around 27k awaiting Jerome Powell's expected speech later today and what are markets saying about crypto’s path to a sustainable recovery; CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories:
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
Market Watch Links:
BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch
Bitcoin in Stasis Below $27K Ahead of Powell Speech
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S.
This episode was edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.
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0:59.0 | It's Friday, May 19th, 2023, and this is Markets Daily from CoinDesk. |
1:01.2 | I'm Adam B. Levine here again with your Daily News Roundup. |
1:05.0 | On today, we're talking Bitcoin, banking, the latest headlines, and more. |
1:09.0 | And just a reminder, CoinDesk is a news source and does not provide investment advice. |
1:22.4 | Bitcoin, Ether, and most other risk assets are higher from our Wednesday's show, |
1:24.5 | in markets trading mixed to lower on the day. |
1:27.7 | The crypto market remains relatively risk-averse this morning, |
1:31.9 | with the focus turning to an impending speech from Fed Chair Jerome Powell following hawkish comments yesterday by other central bank officials. In traditional markets, the dollar index pulled back to |
1:36.8 | 102.3 from the two-month high of 103.62. That index, by the way, compares the dollar against |
1:42.5 | other government-issued currencies, |
1:47.9 | and futures tied to the Wall Street's tech-heavy NASDAQ index have signaled a flat open, |
1:50.6 | although we talk about that more a bit in the next update. |
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