DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data

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The DTCC partnered with Chainlink and ten financial institutions to pilot test a system that utilizes blockchain to share mutual fund price and rate data among clients.CME eyes Coinbase's crown by launching spot Bitcoin trading to attract institutions

The Chicago Mercantile Exchange, the world’s largest futures exchange, is reportedly planning to launch spot Bitcoin trading as institutional interest rises.Gold market continues to see technical selling pressure as U.S. weekly jobless claims fall to 222K - Slack continues to build in the U.S. Labor market as the number of American workers applying for first-time unemployment benefits remains at elevated levels. However, the gold market is seeing little reaction to the latest labor market data. - The gold market is trading near session lows after the Philadelphia Federal Reserve's manufacturing sector survey disappointed market forecasters this month.

Bitcoin has established a solid base of support at $66,000 in early trading on Thursday as Morgan Stanley reveals $250 million in exposure to BTC ETFs. -The gold market is struggling to attract new bullish momentum even as the U.S. housing market struggles to stabilize and weak construction activity continues to threaten economic growth.

If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told.

Source: Digital Coin News (digitalcoinnews.net)

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