Minerva Macro News

Delivering the latest macroeconomic news with a focus on Web 3.

#Bitcoin #Ethereum #Macro

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Tidal Investments and Quantify Chaos Advisors have filed jointly for a new ETF offering, called “STKD Bitcoin & Gold ETF,” that would offer exposure to both #Bitcoin and #Gold

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Commercial construction starts, per Costar

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A 6-day workweek takes effect in Greece beginning July 1st

Certain industrial and manufacturing facilities, along with businesses that provide 24/7 services, are eligible

Workers will receive 40% more pay during the additional eight hours, and 115% on holidays

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Major token unlocks are happening in July including $DYDX, $SUI, $IO, $XAI, $IMX, $APT, $STRK, $ARB, $AXS, $APE, $PIXEL, $WLD, and $ALT with unlocking value exceeding $730 million, per TokenUnlocks and Wu Blockchain

https://t.co/oRBfEIaJ3n

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Patent grants by country in 2021, per OBIS

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#Ethereum L2 Base has become the most popular #ETH L2, per growthepie

#Base: ~3.5 million daily transactions, +60% in the last 30 days

#Arbitrum $ARB: ~2 million daily transactions, -22.3% in the last 30 days

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13 of the 15 housing markets in the U.S. at the highest risk of a correction on prices are in Florida, per ResiClub

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The share of #Bitcoin traded over weekends has declined to an all-time low of 16% in 2024, per Bloomberg

https://t.co/KTcP4crTFB

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Consider holding quality assets over longer periods instead of day trading, the odds are not in your favor

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$2.3 trillion of accumulated savings have been depleted by Americans since August 2021, and excess savings are now below pre-pandemic levels, per Bloomberg

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The companies in the S&P 500 $SPY have added ~$6 trillion in market capitalization in the first half 2024, per WSJ

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Igloo Inc., the parent company of #NFT project Pudgy Penguins, announced they acquired the on-chain creator economy platform Frame

The Frame team will join Igloo in developing a Layer 2 network designed specifically for on-chain culture and community

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Over 65% of the entire #Bitcoin supply hasn’t moved in more than 1 year, per Bitcoin Magazine

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The SEC has returned S-1 forms to potential spot #Ethereum spot ETF issuers with a few comments, per The Block

The issuer has been asked to process these comments and resubmit by July 8, meaning there will be at least one more filing before trading begins
https://t.co/q5b2bSvlhc

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Nike $NKE had their worst single-day loss since their 1980 debut on 6/28 of ~20% following their earnings call

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A U.S. Judge in the Washington DC dismissed the SEC's charges against #Binance and CZ related to secondary market $BNB sales and Simple Earn

The charges against their initial token offering and ongoing sales of BNB, staking, and fraud can proceed

https://t.co/2ufgC6vyz4

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Coinbase $COIN Derivatives has filed with the CFTC to list regulated Futures for Shiba Inu $SHIB, #Chainlink $LINK, #Avalanche $AVAX, #Stellar $XLM, and #Polkadot $DOT

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Current mortgage rates as of 6/28/24

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The least affordable housing markets in the world, per voronoi

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The SEC has sued Consensys over their MetaMask wallet saying they failed to register as a broker, per Bloomberg

They also targeted #Ethereum staking services Lido and Rocket Pool, referring to their popular stETH and rETH tokens as unregistered securities
https://t.co/S3ZC8JBrYp