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Jun 26, 2020

Today’s edition of The Breakdown is an extended version of the Brief, this time covering five topics.

  • New Jobless claims - sticking stubbornly at ~1.5 million new claims per week, despite economist expectations 
  • The “whack-a-mole” economy - Former Treasury Secretary Lawrence Summers predicts as much as 30% of the economy may need to close to get COVID-19 under control
  • PlusToken scam pressure on BTC price: Has scam selling suppressed the price of bitcoin since early last year? 
  • Biggest ever bitcoin option expiry; more than $1 billion in notational value BTC options are set to expire tomorrow, Friday, June 26
  • Apple’s UX privacy triumph: Users will have to opt-in to allow apps to track them across other apps as well