The initiative is expected to expose PayPal’s 365 million customers to cryptocurrency.

Silver

#Ethereum gas prices continue to rise.

The daily median gas price has increased by more than 5x since April, surpassing 50 Gwei yesterday for the first time in almost 2 years.

Live chart | @glassnode

The first half of the Fed’s dual mandate is to promote maximum employment – that means avoiding and mitigating recessions.  Supporting the S&P 500 is central to this effort, not because a fall in the market signals a recession is coming, but because it is the recession.