the daily degen 🦍(20Jul23)
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market data
market news
shares of Tesla (TSLA) and Netflix (NFLX) headed lower in extended trading after both companies reported somewhat mixed earnings for the April-June period, with the former sliding roughly 1% and the latter down about 5% at the time of writing. meanwhile, Nasdaq 100 futures were a touch softer after hours following an already subdued performance during regular hours.
the U.S. Senate is poised to take another crack at regulating the crypto industry with a new bill that would place stringent anti-money laundering (AML) requirements on decentralized finance (DeFi) protocols. the bipartisan bill, the Crypto-Asset National Security Enhancement Act of 2023, would require DeFi protocols to impose bank-like controls on their user base, according to a description of the bill reviewed by CoinDesk.
Nasdaq (NDAQ) is dropping its plans for a crypto custody service, which was slated to go live in the second quarter of this year, CEO Adena Friedman said in an earnings call on Wednesday. in September 2022, the operator of the Nasdaq stock exchange had said that it was putting together the infrastructure and regulatory approval needed for a crypto custody service. the firm had applied to the New York Department of Financial Services (NYDFS) for a limited-purpose trust company, which would oversee the custody business.
U.S. Democratic presidential candidate Robert F. Kennedy Jr. unveiled a plan to exempt bitcoin (BTC) from capital gains tax when it is converted into U.S. dollars and to begin to back the greenback with "real finite assets" such as gold, silver, platinum and bitcoin.
around the twitterverse…
trade ideas
trade: short DXY/ USD
DXY is a basket of currencies that are tracked against the USD. it is indicative of how the USD is generally performing against foreign currencies. at this level it is currently bouncing towards previous support. you could now expect previous support to act as resistance and short the bounce. although you can’t short the DXY directly on handle.fi you can short USD pairs so you can use this DXY trade as confluence when trading.
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