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December WTI crude oil (CLZ25) on Friday closed up +1.40 (+2.39%), and December RBOB gasoline (RBZ25) closed up +0.0519 (+2.65%).Crude oil and gasoline prices rallied on Friday, recovering some of Wednesday’s sharp sell-off.  Concerns about global oil supplies are bullish for crude prices after Ukraine on Friday launched drone and missile attacks on Russia’s key oil export port of Novorossiysk, where Russia shipped about 700,000 bpd in September and October.  Ukraine also attacked the Rosneft Saratov refinery in Russia’s Volga region on Friday, which processes about 140,000 bpd. Don’t Miss a Day: From crude oil to coffee, sign up free…

Key takeaways:Bitcoin softened as tech sector weakness spilled into crypto markets, reducing risk appetite and limiting demand for bullish leverage.Persistent spot Bitcoin ETF outflows and targeted sales from a 2011 holder exacerbated downward pressure.Bitcoin (BTC) is down 11% since Monday, falling to a six-month low of $94,590 on Friday. Bitcoin derivatives continue to signal weakness, even as several large tech names posted similar declines during the week. Traders are now asking whether the market has already found a floor and what must happen before confidence returns. BTC futures aggregate open interest, USD. Source: CoinGlass / CointelegraphThe pullback erased $900 million…

The S&P 500 Index ($SPX) (SPY) today is down -1.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.68%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.55%.  December E-mini S&P futures (ESZ25) are down -1.05%, and December E-mini Nasdaq futures (NQZ25) are down -1.50%.US stock indexes are moving lower today as most of the optimism over the reopening of the US government has already been priced in.  The weakness in chipmakers today and a slide in the Magnificent Seven technology stocks are a drag on the overall market. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a…

Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0.The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay said on Thursday. The rollout marks MoonPay’s expansion from a fiat-to-crypto on-ramp to a full-stack stablecoin infrastructure, covering issuance, ramps, swaps and payments.”By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance,” said Luca Prosperi, co-founder and CEO of M0, a platform powering builders of application-specific…

Short-lived shutdowns tend to have limited economic effects, but this one might leave a more lasting dent because of its record length. The Congressional Budget Office recently estimated around USD 11bn of economic activity may be permanently lost. The Shutdown Has Added to the Economic Challenges The shutdown has added to economic challenges such as sluggish hiring and stubbornly elevated inflation. Uncertainty around the release of October jobs and consumer price index data adds uncertainty at a time when the Federal Reserve already faces a contested interest rate decision next month. Operational disruptions will require time to unwind. Restrictions at…

FalconX, a leading institutional digital asset prime brokerage, has agreed to acquire 21shares, a global provider of cryptocurrency exchange-traded funds (ETFs) and exchange-traded products (ETPs). FalconX’s strategy is to unify listed markets and digital assets while expanding its global footprint across the U.S., Europe, and Asia-Pacific.  The acquisition will combine 21shares’ expertise in crypto asset management, product development, and distribution with FalconX’s institutional-grade trading, structuring, and risk management platform. Together, the firms aim to deliver an integrated, regulated ecosystem that enhances access and transparency for institutional and retail investors alike.  Founded in 2018 by Hany Rashwan and Ophelia Snyder, 21shares…

Soybeans are trading with midday gains of 2 to 7 cents, ignoring the overnight losses, sharply lower equities and weaker products.  Soymeal futures are down $2/ton on the session for the September contract. Soy Oil futures are 49 points lower in the September contract.USDA’s FGIS Export Inspections report showed 261,203 MT (9.56 mbu) in shipments through the week ending on August 1. That slipped 10.2% below the same week last year and a 36.1% drop from the previous week. Indonesia was the lead destination of 85,629 MT, as 76,838 MT was headed to Mexican destinations. Accumulated marketing year shipments have totaled 43.03…

Cotton prices are trading 74 to 93 points lower so far on Wednesday. The US dollar index was is down just 20 points, but crude oil is also down 69 cents per barrel. CPI data was released this morning showing July CPI up 0.2% from June, in line with estimates, and up 2.9% on an annualized rate vs 3% estimates. Core CPI was up 3.2% yr/yr.The Seam reported 703 bales of cotton sold in their online auction with prices averaging 65.70 cents/lb, up 55 points from the previous day. ICE cotton stocks were down 270 bales via decertification on August 13,…

In trading on Wednesday, shares of Enliven Therapeutics Inc (Symbol: ELVN) crossed above their 200 day moving average of $20.06, changing hands as high as $20.62 per share. Enliven Therapeutics Inc shares are currently trading up about 4.4% on the day. The chart below shows the one year performance of ELVN shares, versus its 200 day moving average: Looking at the chart above, ELVN’s low point in its 52 week range is $13.30 per share, with $27.59 as the 52 week high point — that compares with a last trade of $20.30. Click here to find out which 9 other…

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Wednesday, shares of Hims & Hers Health Inc (Symbol: HIMS) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as…