Hong Kong and Latin America Continue Crypto Efforts

Market Update After lower-than-expected JOLTS numbers yesterday, both Q2 GDP and ADP Employment numbers similarly came in below expectations, causing U.S. Treasury yields and the DXY to fall as the market reprices how much more monetary tightening may be needed. Conversely, equity indices are responding positively to the economic data, with the SPX and QQQ both rising more than 0.30% at the time of writing. After closing yesterday up over 6% following Grayscale’s massive victory, $BTC (-2.06%) has cooled off a bit. $ETH (-1.63%), along with most altcoins, are performing similarly and retrac