With bitcoin around $34K and a look at the much-watched "stock-to-flow" pricing model's growing divergence from reality, CoinDesk’s Markets Daily is back with the latest news roundup.

Add Markets Daily to your Alexa Flash Briefing here.

This episode is sponsored by Kava and Nexo.io.

Today's Stories:

Futures, Stocks Steady as Yields Rise on Oil Surge

Up to 1,500 businesses affected by ransomware attack, U.S. firm's CEO says  

LSE-Listed Argo Blockchain Is Weighing Listing on Nasdaq 

Bitcoin Trims Gains as PBOC Steps Up Crypto Crackdown

Brazil's Bitcoin Banco Group and Leader Arrested for Alleged Embezzlement of $300M in Crypto

CoinShares to Buy Elwood's ETF Index Business for $17M

EY Releases Zero-Knowledge Layer to Tackle Increasing Ethereum Costs

Most Institutional Investors Expect to Increase Crypto Exposure by 2023: Study 

Coinbase to Woo India Recruits With $1,000 in Crypto 

Fed's Powell May Have Met With Coinbase CEO in May 

Facebook's Substack rival Bulletin raises antitrust questions about predatory pricing

Featured Story: Bitcoin Stock-to-Flow Price Ratio is Echoing Early 2019

-

Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

-

Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.