WEEK OF JULY 15, 2024
Welcome to the Traderverse Weekly Newsletter!
Traderverse Updates
Welcome to our newsletter series, where we unveil updates and features as we gear up for our upcoming launch! This week, we’re excited to introduce you to one of the most versatile features of Traderverse: Links.
Exploring Links:
The Links section is designed to provide you with a flexible and powerful tool to share valuable resources with your network. Whether it’s personal links, ecommerce platforms, educational courses, or affiliate links, you can showcase them all seamlessly.
Personal & Professional Integration:
With Traderverse, you can connect and share any URL that matters to you. Promote your business website, ecommerce stores, highlight essential courses, or feature your personal blog. It’s all about giving you the ability to share and connect more effectively.
Increased Engagement:
Our goal is to help you engage your network by providing them with valuable and curated content. By sharing links to useful resources, you can enhance your profile and offer even more value to your followers.
Thank you for your continued support and enthusiasm. Together, we’re revolutionizing the way traders manage their networks and resources
Important Prices
What’s Moving The Markets?
Powell Signals Potential Rate Cuts
Federal Reserve Chair Jerome Powell testified to Congress that the U.S. economy is stabilizing with a balanced job market, suggesting a stronger case for interest rate cuts while navigating political pressures and aiming for the Fed’s 2% inflation target.
Boeing Pleads Guilty Over 737 MAX Crashes
Boeing (BA) will plead guilty to criminal fraud conspiracy for two fatal 737 MAX crashes, paying $243.6 million in fines, enhancing safety programs with $455 million investment, facing criticism from victims’ families, and potential impacts on government contracts, while navigating ongoing challenges and leadership changes.
Microsoft Relinquishes OpenAI Board Seat
Microsoft (MSFT) has relinquished its board observer seat at OpenAI to alleviate U.S. and UK antitrust regulators’ concerns about its control over the AI company, amidst ongoing FTC scrutiny and to ensure independence as it expands its AI offerings.
Potential Big Savings For Big Banks
The Federal Reserve is considering recalibrating the GSIB surcharge coefficients, potentially saving the largest U.S. banks billions in capital and marking a significant regulatory shift following years of industry advocacy for reforms.
Apple Opens Tap-And-Go Mobile Payments
Apple Inc. (AAPL) is set to open its tap-and-go mobile payments system to rivals, following pressure from the EU’s antitrust regulator, despite ongoing investigations into its compliance with the Digital Markets Act and continued scrutiny of its business practices.
Germany Sells $2.9 Billion In Bitcoin
Germany has sold all its Bitcoin holdings, totaling $2.9 billion, significantly impacting the cryptocurrency market by causing a price drop to a four-month low, though experts remain optimistic about a potential rebound amid positive inflation data and upcoming Ethereum ETF launches.
Bear Case: Bears will need to break and hold price below 5621 to gain any bearish momentum. If price breaks below, not much support until 5538-5540.
Bull Case: Bulls continue to hold control and If price retraces, 5538-5540 may act as support.
EARNINGS RELEASE CALENDAR
FOR WEEK OF JULY 15th
Economic Data Calendar
