The Mixed Signals Economy: The Breakdown Weekly Recap
Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.

Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.
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This episode is sponsored by Bitstamp and Crypto.com.
On The Breakdown’s Weekly Recap, NLW explores:
- The final tally on the TikTok Doge viral campaign
- The growing geopolitical tension between China and the U.S. and where it’s manifesting
- Positive economic indicators in reduced jobless claims
- Negative economic indicators in growing COVID-19 cases and deaths
- Why bitcoin is moving sideways
- Why Treasury yields are down
- Why gold is up
This week on The Breakdown:
Monday | China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today
Tuesday | Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacalle
Wednesday | TikTok Let the Doge Out: Why TikTok Doge Is Everything About 2020 Finance in One Story
Thursday | Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020
Friday | You Can’t Fight Outrage Culture With More Outrage, Feat. Michael Krieger
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.