Alameda Sues Grayscale, Crypto Daily TV 8/3/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=OUGePXEwMAQ

MakerDAO proposes additional $750M U.S. treasury purchase.

MakerDAO, the decentralized autonomous organization behind the DAI stablecoin, is reviewing a proposal that would allocate an additional $750 million to invest in U.S. Treasurys as it looks to take advantage of a favorable yield environment, adding to 500m approved in October.

FTX’s trading affiliate Alameda sues Grayscale.

FTX trading affiliate Alameda has sued crypto investment company Grayscale and its owner Digital Currency Group over the structure of their large bitcoin and Ethereum trusts, dealing a further blow to the SoftBank-backed crypto conglomerate.

Latin American travel agency now accepts crypto.

Despegar, a leading online travel agency in Latin America, has started accepting crypto as a form of payment in Argentina in partnership with Binance Pay, both companies announced.

BTC/USD dove 1.6% in the last session.

The Bitcoin-Dollar pair dove 1.6% in the last session. According to the CCI, we are in an oversold market. Support is at 221641 and resistance at 227061.

The CCI points to an oversold market.

ETH/USD plummeted 1.3% in the last session.

The Ethereum-Dollar pair dove 1.3% in the last session. The RSI is giving a negative signal. Support is at 1541.7467 and resistance at 1593.2067.

The RSI is currently in the negative zone.

XRP/USD skyrocketed 3.3% in the last session.

The Ripple-Dollar pair exploded 3.3% in the last session. The Williams indicator is giving a positive signal. Support is at 0.3535 and resistance at 0.3821.

The Williams indicator is currently in positive territory.

LTC/USD dove 2.6% in the last session.

The Litecoin-Dollar pair plummeted 2.6% in the last session. The RSI is giving a negative signal. Support is at 84.3333 and resistance at 92.1133.

The RSI is currently in negative territory.

Daily Economic Calendar:

US ADP Employment Change

The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 13:15 GMT, the US Fed’s Beige Book at 18:00 GMT, and the Eurozone’s Gross Domestic Product at 10:00 GMT.

US Fed’s Beige Book

The Beige Book reports on the current economic situation using interviews with key business contacts, economists, market experts, and other sources.

EMU Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

DE Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Germany’s Retail Sales will be released at 07:00 GMT, Japan’s Gross Domestic Product at 23:50 GMT, Japan’s Gross Domestic Product Annualized at 23:50 GMT.

JP Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

JP Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services and structures produced within a country.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.