According to data sourced from Forbes at 06:00 EST, ADA topped the list of biggest gainers with a 12% gain at $0.6360, followed by SOL and decentralized open-source blockchain Tezos’ XTZ coin flashing double-digit returns.
The Shanghai Shenzhen CSI 300 Index, one of China’s most closely followed stock market indices, rose by 1.9%, registering the biggest gain in two weeks.
The unwinding of restrictions could alleviate supply chain issues and cap inflation worldwide, easing pressure on central banks to tighten liquidity at a faster rate.
Both senators are widely-perceived as being crypto-friendly.
Therefore, to hedge against upside risks, market makers could be buying more spot or futures,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, told Forbes.
They make sure there is enough depth in the order book by offering to buy or sell a call/put option/futures contracts at any given point in time and run a direction-neutral book.
According to consensus estimates, the US CPI likely saw a steep rise of 0.7% in May following April’s 0.3% jump, although the annualized rate is seen holding steady at 8.3%.