Day: August 9, 2024

Do you know anything about crypto loans? Are you aware of this instrument ?

Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito. USDe was previously available only on Ethereum, and loans could be taken out using Ether or Bitcoin as collateral. submitted by /u/Lor1al [link] [comments]

New homes are quickly becoming the only option in the U.S. No one wants to sell their home and lose a 3% mortgage rate – a sign that a ‘soft landing’ isn’t coming.

In the first quarter of 2024, 33.4% of single-family homes for sale in the U.S. were new constructions, the second-highest rate on record. Just four years ago, only about 16% of homes for sale were new builds. In just five years, this share has more than doubled. For comparison, after the 2008 financial crisis, 1 in 20 homes for sale was new. For the first time since 2005, the median price of an existing home has surpassed the median price of a new home. https://preview.redd.it/guafgs1ninhd1.jpg?width=864&format=pjpg&auto=webp&s=5f866a9733c469420b0147129ebcffc9d2629120 submitted by /u/Teralderendo [link] [comments]

Canada Labour Market Report (Jul)

Employment Change: -2.9k vs. 25.0k exp. (prior -1.4k) Unemployment Rate: 6.4% vs. 6.5% exp. (prior 6.4%) Hourly Earnings (YoY): 5.2% vs. 4.8% exp. (prior 5.6%) submitted by /u/XGramatik [link] [comments]

The gold price is breaking new all-time highs 🥇

The continued strong buying pressure from central banks around the world and comment on the recent mini crash that shook the world’s stock markets. During July, the gold price surged to $2,481, reaching a new all-time high. It then dropped to $2,448, resulting in a total increase of 4.99%. Silver, on the other hand, climbed to $31.69 at the beginning of July, but dropped to $29.04, ending the month with a decrease of 1.4%. Data as of: 24-07-31. Retail investors in the West, along with strong demand from China and India, are boosting the gold market. Central banks continue to buy in record quantities, setting a new record of 483 tonnes in the first half of 2024, reinforcing the long-term bullish momentum. Japan’s interest rate hikes have prompted a reevaluation of the yen-carry trade, affecting global markets. Anticipated US rate cuts are expected to drive investment rotations toward interest rate-sensitive sectors, benefiting smaller companies and sectors like mining. AuAg Funds@AuAgFunds submitted by /u/Ankle_be [link] [comments]