đ„ Strong Payrolls Shake Markets
đ„ Strong Payrolls Shake Markets
đ„ Payrolls shock markets
Market Reactions
Strong payrolls data triggered a rate selloff, while AI disruption continues impacting wealth, tax, and property management sectors. The precious metals complex is showing strength.
Key Developments
- Goldman characterizes higher electricity prices from AI demand as an "inflation bump" with minor growth drag
- JPM raises long-term copper forecast
- Micron and Global Foundries surge double digits
- Retail investors shifting preference toward Europe and EM markets
Crypto Updates
- JPM notes sharply higher Bitcoin hash rate last week
- Robinhood L2 testnet launches
Markets continue digesting strong employment data amid ongoing AI-driven sector rotation.
đIthaca Protocol Market Update âș Samsung electronics strong results âș Crude continues weaker as well as yields, with risk soft âș Rebound in US Dec private payrolls, still soft; ISM and specifically new orders stronger âș Wisdomtree withdraws XRP ETF filing âș Clarity act
đIthaca Protocol Market Update âș Strong payrolls trigger rate selloff âș AI disruption trade claims new victims; wealth, tax, property managementâs turn âșâ Precious complex feeling good again âș Goldman describes impact of higher electricity prices due to AI demand as
đIthaca Protocol Market Update âș Treasury bearish steepening; fiscal turmoil in Japan tags along with geopolitics âș 25bps moves higher in JGB yields post weak 20yr auction not to be sneered at âș No Taco yet, if anything anti-Taco for now âș Chainlink 24/5 stock oracles
đIthaca Protocol Market Update âș Nothing of note apart from crypto stealth rally; crude and equities weaker as well as yields lower âș Geopolitics I: Xi welcomes South Korea, Canada, UK and Germany leaders âș Geopolitics II: â fundamental disagreement â on Greenland âș
đIthaca Protocol Market Update âș Escalation to de-escalate the hope for Greenland issue with Trump due to speak on Davos during the week âș Early elections in Japan confirmed; uncontrolled fiscal expansion risks expressed in JGB market âș Post 24% ytd rally, Samsung
đIthaca Protocol Market Update âș Crowded long and momentum outperform with SPX close to ATH âș Retail returning with rare, space, quantum, crypto equities ( but not Bitcoin even with Saylor adding ) âș Yen strength post Takaichi landslide and dollar weakness ( some Chinese
đIthaca Protocol Market Update âș InfoFi banned on X. Coins under pressure; still sporting massive FDVs âș US / Taiwan 250bln x 2 trade deal; JPM raises TSMC Price Target post beat âș BNMR buys into Mr. Beast. Head spinning âș Fed cuts getting priced out, dec26 below 2 vs
đIthaca Protocol Market Update âș US retail sales control very weak, datapalooza incoming âș NFP today and CPI Friday âș Rates bull flattening; above data weakness and JGB rally the catalysts ( 42bln 10yr auction shall need a â healthy concession â though ) âș Avalanche of
đIthaca Protocol Market Update âș Senate Digital Asset Market Clarity Act revealed overnight ; bank lobbying stronger than crypto âș Ex NYC Mayor ( the one caught getting â enticed â by Turks ) rugs his memecoin âș Better than expected CPI fires up market âș Privacy coins
đIthaca Protocol Market Update âș Rick Rieder for the Fed, bullish âș Tariffs redux ; market doesnât like it âș Focus on Japan snap elections; yen shorts highest since July 2024 âș Total ETH staked reaching all time high; Ethereum daily transactions hitting ATH too
đIthaca Protocol Market Update âș Silver extreme volatility at the ATHs; these donât end well, âsupportâ at 100$ âș Usdjpy stronger and a risk barometer regaining its rightful place this week âș Fed tomorrow , but also potential government shutdown on Friday, already high
đIthaca Protocol Market Update âș Turnaround Wednesday âș Art of the deal for MAGA / taco for others, âframework agreedâ markets recovering âș JGB supportive statements âș Mag7 funds other bets âș Supreme Court hearing so far supportive of Fed independence âș No sign
đIthaca Protocol Market Update âș Iran blocks starlink, warnings fly and red lines get crossed âș Early election in Japan? ( closed today ) âș US Supreme Court issuing tariff ruling today âș Zchah dip buyers at a loss now âș Crypto twitter algorithm wars in focus âș
đIthaca Protocol Market Update âș Announced job cuts at highest since GFC the proximate cause for equity selloff alongside Claude / Opus âș All crypto gained post republican sweep erased; silver erased all yts gains, rates rally, software -21% last 8 days of straight losses
đ Vanguard Crypto Shift, Fusaka Launch & Japan Rate Stability
**Major crypto developments emerge** as Vanguard reportedly shifts stance on crypto trading after previous resistance. **Fusaka audit preparations** signal imminent mainnet launch. **Institutional momentum builds:** - BlackRock's Fink and Goldstein advocate for tokenization - Bow Capital recommends 1-4% crypto allocation - SEC's Atkins promotes upcoming innovation exemption **Market dynamics:** - Japan 10-year yields hit **2008 highs** but rates show stability - Intel breaks nearly 2-year price highs - Previous Vanguard strategy created sentiment damage at market lows **Technical outlook:** - Bond and stock selloffs attributed to BOJ's Ueda - Seasonality patterns disrupted by recent volatility - Fed chair speculation intensifies around Hassett The convergence of institutional adoption signals and regulatory clarity suggests **strengthening crypto infrastructure** despite recent market turbulence.
Ithaca Protocol Announces Major Token Reset and Extended Vesting
Ithaca Protocol has announced a significant tokenomics update, burning 100M $ITHACA tokens (10% of total supply). The burn targets: - Unused LP incentives - Expired launch giveaways - Nonperforming partner allocations **Key Updates:** - Team and investors extending token lockup - Investor vesting starts in 12 months - Team vesting starts in 16 months Recent protocol developments include: - 1-minute options launch - [Tokenracer](https://www.tokenracer.io) platform - AI Agent Infrastructure with $STRATOS integration - [Non-custodial options platform](https://app.ithacaprotocol.io) Burn transaction details will be published tomorrow.
Stratos AI Option Trading Platform Launches on Virtuals Genesis
Stratos, an AI-powered options trading platform built on Ithaca Protocol, is launching its TGE on June 15th at 1pm UTC via Virtuals Genesis. Key features: - Hedge-fund grade automated trading strategies - MEV-resistant auction-based matching - Recently audited by HashLock - Backed by Wintermute, Cumberland, and other major firms The platform offers: - Automated risk management - On-chain performance tracking - No minimum investment requirements - Self-optimizing AI trading agents Users can view live performance metrics at [Ithaca Agents Dashboard](app.ithacaprotocol.io/agents) and participate in the genesis event at [Virtuals Genesis](app.virtuals.io/geneses/3466/project-details).
Ithaca Protocol Announces Upcoming Token Generation Event
Ithaca Protocol, a decentralized platform for options trading, has announced their upcoming Token Generation Event (TGE). The protocol aims to make options trading more accessible through innovative market structures. - Platform focuses on composable options and structured products - Currently accessible via app.ithacaprotocol.io - TGE details pending official announcement The protocol has been developing its infrastructure since at least November 2023, working to democratize options trading for both newcomers and experienced traders.