WSJ reports that Coinbase is teaming up with a 401k provider to offer crypto
The story was out a little earlier before the Basel news but didn’t quite gather enough traction but perhaps put together, it is starting to reverberate into broader sentiment in the crypto market – or maybe it was just a delayed reaction.

Bitcoin up nearly 5% on the day currently
Buyers aren’t giving up just yet as the bounce off the swing region around $32,000 starts to look for more upside, helped by the Basel news earlier .

Forex news from the European trading session – 9 June 2021
Headlines:
– CAD leads, USD lags on the day
– European equities lower; S&P 500 futures up 0.1%

10-year Treasury yields down to 1.495%, its lowest since 7 May
We’re not seeing any wider reverberations yet as bond buyers are dipping their toes in the water with yields falling just under 1.50%. But as mentioned earlier, keep an eye on things here in case we start to see some spillovers i.e. softer dollar, stronger

Latest data from the Mortgage Bankers Association for the week ending 4 June 2021

The dollar is a touch lower but the ranges for the day are still very narrow
EUR/USD is inching a little towards 1.2000 while GBP/USD is holding around 1.4170 levels after BOE Haldane’s remarks earlier in the day .

Reuters reports, citing sources familiar with the situation
The gathering here will be the first physical meeting between ECB policymakers sine before the pandemic and looks to be one to try and resolve key issues with the central bank’s strategy review – which started last year and was suspended for most of 2020.

The Fastly Internet outage fiasco looks to come to an end
Panic over. Back to staring at the phones and/or screens. Not like any one of us was ever away from doing so. *coughs* 🙂 🙂 🙂

Risk sentiment a touch softer now on the day
The whole Internet outage fiasco may be a little unnerving and incidentally, risk is slipping a little in European morning trade.

Multiple major websites are down
A handful of major media websites are reported to be down with problems also being indicated with sites and apps such as Reddit, Spotify, Twitter.