YAHOO FINANCE CHARTBOOK 32 charts that explain markets and the economy right now CCC - CoinMarketCap • USD TipsyCoin USD (TIPSY19467-USD) Follow 0.00000916 -0.00000011 (-1.16%) As of 12:58 AM UTC. Market Open. Data provided by Related Crypto News Trump says he'll create a 'bitcoin national stockpile' as he courts the cryptocurrency crowd at Nashville conference Former President Donald Trump spoke at a bitcoin conference in Nashville, where he told the crowd he would make cryptocurrency a priority if elected. Bitcoin Prices See Wild Trading as Trump Plans to Establish BTC as U.S. Strategic Asset BTC jumped above $69,000 earlier Saturday on hopes Trump would announce buying the asset if elected president. Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt U.S. Senator Cynthia Lummis plans to introduce legislation calling for a "strategic bitcoin reserve" that will reduce the national debt of the United States by buying 1 million bitcoin {{BTC}} over the course of five years. At current prices, 1 million bitcoin are worth about $68 billion. Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business Financial services firm Cantor Fitzgerald will open a bitcoin financing business, CEO Howard Lutnick said at the Bitcoin Conference Saturday. Cantor Fitzgerald's new lending facility isn't its first step into crypto; It already does business with stablecoin issuer Tether. Cantor Fitzgerald is well known on Wall Street as one of the world's biggest bond brokerages and already handles U.S. Treasury trading with the biggest stablecoin issuer, Tether. Democrats Pushing Harris Campaign for 'Reset' on Crypto Stance, House Rep Says Democratic members of Congress wrote a letter to the Democratic National Committee asking for it to embrace pro-crypto policy. Democratic Crypto Supporters Call for Crypto-Friendly Party Platform More than a dozen Democrats in the U.S. House of Representatives and a long list of candidates for congressional seats are pushing their national committee to adopt a pro-crypto stance, according to a letter they sent on Saturday. Crypto libertarians and Silicon Valley billionaires: The mashup fueling new support for Trump Donald Trump looks to solidify support from the crypto world with a speech before thousands of bitcoin enthusiasts in Nashville. Big Tech rotation, Japanese yen, bitcoin: Top takeaways Stocks (^DJI, ^IXIC, ^GSPC) are ending the week on a positive note, recouping some losses after a turbulent period on Wall Street. Yahoo Finance reporter Jared Blikre analyzes the day's top trading takeaways, examining the ongoing market rotation out of Big Tech and into small caps, the Japanese yen's performance, and bitcoin's (BTC-USD) recent price action. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Angel Smith June PCE and Fed rates, crypto, Social Security: Wealth! On today's episode of Wealth!, host Madison Mills covers the biggest stories impacting the market, from June's PCE data to the Bitcoin 2024 Conference. June Personal Consumption Expenditures (PCE) data came in line with expectations, and Yahoo Finance Senior Reporter Jennifer Schonberger explains that the reading is good news for the Federal Reserve as it continues to tackle inflation. The print provided yet another data point strengthening the possibility of an interest rate cut in September. She notes that the Fed "can't commit wholeheartedly because we still are going to get some more data for July and August. But it seems to be moving in the right direction." Billionaire Elon Musk is widely known for taking the lead on multiple ventures while juggling responsibilities as CEO of electric vehicle maker Tesla (TSLA). Julie Hyman provides an overview of the extensive coverage Musk receives on the Yahoo Finance platform, detailing Musk's various companies and accomplishments, while also highlighting Tesla's particular popularity among Yahoo Finance viewers and investors who use the site for research. Mortgage rates have risen slightly over the last week as the average rate on the 30-year fixed mortgage ticked up to 6.78% Zillow Home Loans senior economist Orphe Divounguy joins the show to discuss how high rates are weighing on buyers and if an interest rate cut from the Federal Reserve could alleviate issues for the US housing market: "People are very excited about the prospect of the Fed cutting interest rates, but I don't think that normal rates will translate into lower mortgage rates immediately as some expect. I think mortgage rates are likely already reflecting Fed expectations," Divounguy explains. "And if the Fed delivers fewer rate cuts or none at all, we're likely going to see some upward pressure, not downward pressure on rates." Bitcoin (BTC-USD) has gained steam in the days leading up to the Bitcoin 2024 conference in Nashville, Tennessee, where former President Donald Trump and Robert F. Kennedy, Jr. are scheduled to deliver speeches. Macanomics founder and Yahoo Finance contributor Ross Mac joins Wealth! to break down the basics of crypto investing and what investors new to the space need to know. Mac suggests starting with the ETFs associated with crypto before owning the asset itself, such as the spot bitcoin and spot ether ETF products approved by the Securities and Exchange Commission (SEC). This post was written by Melanie Riehl June PCE inflation print, auto earnings: Morning Brief The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, showed prices rising at its slowest rate in over three years while core PCE data came largely in-line with expectations. Seana Smith and Jared Blikre help investors start the day off right, highlighting the biggest market stories this morning as the three major averages (^DJI, ^IXIC, ^GSPC) digest the June PCE print. Bank of America Securities head of US economics Michael Gapen joins the program to shine a light on how the Fed may be looking at the June PCE data, alongside other recent inflation prints, in terms of its interest rate cut strategy. Bernstein senior analyst Daniel Roeska also sits down with The Morning Brief team to cover the auto industry's earnings performance this week, including Tesla (TSLA) and Stellantis (STLA). Other top trending tickers on the Yahoo Finance platform include the 3M Company (MMM), Deckers Outdoor (DECK), DexCom (DXCM), Norfolk Southern (NSC), and Coursera (COUR). This post was written by Luke Carberry Mogan. Is getting into crypto right for your portfolio? Bitcoin (BTC-USD) has gained steam in the days leading up to the Bitcoin 2024 conference in Nashville, Tennessee, where former President Donald Trump and Robert F. Kennedy, Jr. are scheduled to deliver speeches. Macanomics founder and Yahoo Finance contributor Ross Mac joins Wealth! to break down the basics of crypto investing and what investors new to the space need to know. Mac suggests starting with the ETFs associated with crypto before owning the asset itself, such as the spot bitcoin and spot ether ETF products approved by the Securities and Exchange Commission (SEC). "You don't got to be technologically advanced, as well as it's going to be less volatile. However, there are some cons: One being you don't actually own the underlying crypto. And owning the underlying crypto, you have seen the returns actually be better year to date," Mac explains "And another thing are their fees, right? There are fees associated with those management companies owning and buying the crypto for you. So if you're just trying to get your feet wet, maybe you can start with ETFs. But at some point I would like for that person to actually buy the underlying crypto." Catch more of Ross Mac as the host of the Yahoo Finance series Financial Freestyle with Ross Mac For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits. Trump to speak at bitcoin conference: What to expect Bitcoin (BTC-USD) is jumping by nearly 5% — the price hovering over $67,000 — on Friday as crypto markets anticipate gains over the weekend as former President Donald Trump and Robert F. Kennedy, Jr. are set to speak at the Bitcoin 2024 Conference in Nashville, Tennessee. Yahoo Finance senior reporter David Hollerith joins Morning Brief to break down what to expect from Trump's speech and what it could indicate about his regulatory agenda for cryptocurrencies ahead of the 2024 election, as well as what the crypto community is thinking about Vice President Kamala Harris's 2024 presidential run. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino CoinDesk 20 Performance Update: RNDR's 12% Gain Leads as Index Rebounds CoinDesk 20 Index jumped 4.4% fueled by RNDR's 12.6% rise and NEAR's 7.7% gain." June PCE, Trump at crypto conference, Apple: 3 Things Stock futures (^DJI, ^IXIC, ^GSPC) are gleefully in the green after the Personal Consumption Expenditures (PCE) index saw — the Federal Reserve's preferred inflation gauge — saw prices rose at the slowest pace in over three years. Republican presidential nominee Donald Trump will be speaking at a bitcoin conference in Nashville, TN, on Saturday. Reports have indicated that as Apple's (AAPL) iPhone sales continue to decline in China, Apple's standing in the region has fallen out as one of the top five smartphone makers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours The latest price moves in bitcoin (BTC) and crypto markets in context for July 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Elon Musk’s X Quietly Removes Bitcoin, MAGA Emojis From Hashtags Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet. Kamala Harris has a golden opportunity to pull Silicon Valley away from Trump and Vance Vice President Kamala Harris is gaining momentum in the 2024 election with endorsements from tech leaders and significant campaign donations. $GREED 2.0: A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. Throwing money at the wall and reason out the window, they let greed get the best of them. In less than a year, speculators' memecoin greed prompted them to once again trade their good judgment for too-good-to-be-true returns. Jito Releases Open-Source Restaking Service for Solana The yet-to-implemented codebase allows any Solana-based protocol to use any asset for its economic security.
