MARKETS DAILY: Crypto Update | Will the U.S. Pay Its Bills After June 1st? Markets Wait In Anticipation
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 May 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
While the crypto markets are slightly up today, traditional markets are mixed and the GM of Binance Japan Says Stablecoins Are the ‘Glue’ Between the Real Economy and the Blockchain.
Today's Stories:
Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
Brazil's Central Bank Selects 14 Participants for CBDC Pilot
Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event
Market Watch Links:
BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch
First Mover Americas: Digital Currency Group Is Closing Down TradeBlock
Ether Balance on Exchanges Nears All-Time Low
The Relationship Between Economic News and Crypto Prices May Be Improving
Nvidia's Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look
This episode was hosted by Adam B. Levine, edited by Ryan Huntington, and Senior Producer is Michele Musso. 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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| 0:59.1 | It's Friday, May 26, 2023, and this is Markets Daily from CoinDesk. |
| 1:01.2 | I'm Adam B. Levine Hirken with your daily news roundup. |
| 1:03.8 | On today, we're talking Bitcoin, top headlines, and more. |
| 1:07.7 | Just a reminder, CoinDesk is a news source and does not provide investment advice. |
| 1:22.3 | Bitcoin and Ether are up slightly in markets trading mixed on this Friday morning. |
| 1:28.1 | But turning to today's big picture, the question is, of course, will the U.S. be able to pay its bills after June 1st? |
| 1:32.0 | Although it's something of a mystery today, it seemed foremost on the mind of crypto investors who continue to track negotiations about the U.S. debt ceiling. House lawmakers reported progress |
| 1:36.6 | in the discussions, although whether they and the Biden administration reach an agreement remains |
| 1:40.1 | uncertain, and it seems at least for the moment that they've all gone on vacation, so it's clearly not that big a deal. Ultimately, an agreement will almost certainly be made. Each party |
| 1:48.3 | may disagree about spending priorities, but the reality is that both agree that they'd like |
| 1:51.9 | to spend more money, and the worst thing for each would be a disorderly default that imperils |
| 1:55.6 | the future of the dollar is the de facto global reserve currency. At future is already not super certain, as the U.S., having weaponized the dollar system |
... |
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