You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. In the coming weeks, this daily update will replace the First Mover Americas newsletter, and arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, clickThe total cryptocurrency industry is now under $3.
However, turmoil is occurring across the pond in the U.K., with gilt yields continuing to march higher this morning. Records were set today, as the 30-year U.K. jumped to almost 5.45%, the highest level since 1998. While the benchmark U.K. 10-year challenged 4.95%, the highest since 2008, the treasury was forced to intervene in the market to calm investors, according to reports from
Today, Jan. 9, is declared a mourning day in the U.S. to remember the death of former President Jimmy Carter. Therefore, the stock market will be closed. So, all eyes will be turning to the jobs report on Friday. The market is in a good news is bad news scenario as rate cuts for 2025 get pushed back with only one rate cut expected for 2025.
AI Agents upstart ai16z, a platform mimicking venture fund a16z that uses AI to manage user funds, saw a mockery of its token raffle among smallcap speculators in the past day, running to a peak of $130 million market capitalization as of European morning hours.— short for “Large Language Model” laughs at the very concept, suggesting that if AI can be anything, it can certainly be a meme with no real utility.