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Bitcoin's futures basis increases after last week's softer US inflation print
Bitcoin's futures basis increases after last week's softer US inflation print

Bitcoin’s three-month annualized basis increased above 10% over the weekend, showing the market is building positive sentiment, analysts say.

The Block·2024/05/20 13:37
US spot bitcoin ETF rebound continues with nearly $1 billion in net weekly inflows
US spot bitcoin ETF rebound continues with nearly $1 billion in net weekly inflows

U.S. spot bitcoin ETFs saw a continued increase in net inflows last week, registering $948.3 million.Total net inflows since the ETFs started trading in January have now surpassed $12.5 billion.

The Block·2024/05/20 12:04
Flash
  • 22:54
    97.5 per cent probability that the Federal Reserve will leave interest rates unchanged in March
    Golden Finance reported that according to CME ‘Fed Watch’: the probability of the Fed keeping interest rates unchanged in March is 97.5%, and the probability of cutting rates by 25 basis points is 2.5%. The probability of keeping the current interest rate unchanged by May is 80.8%, the probability of a cumulative 25 basis point cut is 18.8%, and the probability of a cumulative 50 basis point cut is 0.4%.
  • 22:29
    Three major U.S. stock indices closed collectively lower
    The three major U.S. stock indices closed collectively lower, with the Dow down 1.01%, the Nasdaq down 0.47%, and the S&P 500 down 0.43%. Most of the large technology stocks fell, Amazon, Nifty, Meta, Tesla fell more than 1%, Google fell slightly; Intel rose more than 1%, Apple, Nvidia, Microsoft rose slightly. appLovin fell about 9%, the worst one-day performance since last December.
  • 22:28
    Grey Spot XRP ETF Officially Filed in the Federal Register, Resolution Deadline 18 October
    Golden Financial reports that the Grayscale Spot XRP ETF (19b-4 application) has been officially filed with the Federal Register, which means that from now on, the SEC will begin its review and will need to make a decision on whether to approve or deny the application by 18 October. The 19b-4 Petition is Grayscale's official filing with the SEC for the launch of an XRP-based exchange-traded fund (ETF). The document has been officially published in the Federal Register, marking the formal start of the review process. Under the rules, the SEC has until 18 October to make a decision. In the meantime, the SEC may communicate with Grayscale to request additional information or clarification.
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