EU Banks Launch Euro Stablecoin

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⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar.

⬜ In today’s update, Palvatar breaks down stronger-than-expected U.S. jobless claims and durable goods data, hinting at a more cautious Fed outlook. Over in Europe, lending growth beats forecasts, with improving German consumer sentiment. Meanwhile, crypto faces another slide, as ETH and SOL drop and Circle’s reversible transaction idea stirs debate. Plus, nine EU banks announce a euro stablecoin, and Australia moves on crypto regulation. Don’t miss Raoul and Julien’s “Everything Code” update for the macro big picture.

🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights.

🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence.

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