Marketlog

Markets, macro and crypto, reported straight.
What happened, not what to do about it.

Games and tech version: @0xConsolelog

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Reddit reported this.

Source:
https://t.co/P2bpf4dwdl

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ECON DATA
The Eurozone economy is reportedly outpacing the U.S. economy. The Eurozone's outperformance continues despite uncertainty related to the Iran war, according to the report's headline.

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CoinDesk reported this.

Source:
https://t.co/hDikhUccLO

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CRYPTO
An attack targeting bitcoin cold wallets has spread to 4,500 addresses, with losses approaching $89 million.

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Spreading funds across multiple wallets means a single wallet exploit does not drain a holder's entire bitcoin position.

Source:
https://t.co/zLC6JbaDSt

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CRYPTO
Binance founder Changpeng Zhao urged Bitcoin holders to spread funds across multiple wallets after a wallet exploit. He said, "Nothing is 100%." Galaxy Research put the toll from the Coldcard exploit at roughly $70 million, nearly double the initial estimate.

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Being unable to afford a move leaves these homeowners in homes with more space than they want.

Source:
https://t.co/xZBwiilfAq

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MARKETS
Many boomers are desperate to move but cannot afford to. Older homeowners may have more space than they need or want.

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Southwest's new direction has investors and longtime customers on opposite sides.

Source:
https://t.co/PWjPIuyp84

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MARKETS
Longtime Southwest customers may miss the old airline, while Wall Street prefers the new one. One fund manager said the airline is "getting on with the times."

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Faster health-benefit cost growth leaves less room for companies to increase pay.

Source:
https://t.co/bf57JMOEHs

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MARKETS
Companies' health-benefit costs are climbing at their fastest pace in two decades. The article tells employees disappointed by skimpy pay raises to blame their healthcare benefits. Benefit-cost growth is presented as the reason raises are small.

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CoinDesk reported this.

Source:
https://t.co/odv5OVZ5if

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REGULATION
The SEC is reviewing its approval of Nasdaq bitcoin options after a challenge from CME. The review concerns the approval of bitcoin options on Nasdaq.

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Reddit reported this.

Source:
https://t.co/Zy5jWuFCEP

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MARKETS
Container rates on the Shanghai-to-Los Angeles route are reportedly up 118% from a year ago. Shanghai-to-New York rates are up 83%. According to the post, the increases are further fueling inflation.

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The Fed's decision to hold borrowing costs unchanged this week follows the first pandemic-era decline in its preferred inflation gauge.

Source:
https://t.co/HiIA9SMx0M

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ECON DATA
The Fed-favored PCE inflation gauge fell in June for the first time since the pandemic. It is the main inflation barometer used to set U.S. interest rates. The Federal Reserve took no action this week to raise borrowing costs. The article says the danger is far from over.

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The equities desk is the growth engine behind Goldman's record trading pace.

Source:
https://t.co/QpgyzVQS6L

[Marketlog @0xMarketlog]

MARKETS
Goldman Sachs traders are on pace for a record year. In a new interview with CNBC, a Goldman executive discussed what is driving stocks, where markets are headed and how the bank's equities desk contributes to growth. The interview offers a close-up look at the trading operation behind that pace.