Advertisements The memecoins on the Solana network rose 30% in the past 24 hours, leading gains as a sector as optimism around SOL ETFs heats up among some. Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recoveredContinue reading “Solana-Based Memecoins Surge as SOL Jumps 38% From Monday’s Lows”
Category Archives: Finance
Bitcoin’s Unreliable Death Cross Is Looming Again
Advertisements Indicators like the death cross are inherently lagging and offer limited predictive power. Some indicators are inherently lagging and offer limited predictive power, yet they consistently make headlines in traditional and crypto markets, often resulting in unnecessary panic among inexperienced investors. One such example is the bitcoin (BTC) death cross, which tends to sparkContinue reading “Bitcoin’s Unreliable Death Cross Is Looming Again”
ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped
Advertisements COIN lost 7.3% on Monday to close at $189.47 amid a market sell-off in which crypto and global stock markets experienced one of their sharpest losses in recent years. ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase (COIN) and Robinhood (HOOD) shares in months. Cathie Wood’sContinue reading “ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped”
Ethereum ETFs Scored $49M Inflows as ETH Plunged
Advertisements ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals. U.S.-listed spot ether (ETH) exchange-traded funds (ETFs) recorded net inflows of nearly $49 million on Monday amid a 20% drop in its price, showcasing demand for the second-largestContinue reading “Ethereum ETFs Scored $49M Inflows as ETH Plunged”
Global Stock Sell-Off: Rising Yen and BOJ’s Rate Hikes
Advertisements The BOJ’s recent rate hikes, the first in 17 years, have ended the 0% interest rate policy, causing the Yen to strengthen. As the Yen appreciates, investors face pressure to sell assets like US stocks and bonds to cover Yen loans, exacerbating market instability. Additionally, poor US employment data has heightened recession fears, promptingContinue reading “Global Stock Sell-Off: Rising Yen and BOJ’s Rate Hikes”
ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report
Advertisements Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus. Cathie Wood’s investment company ARK Invest sold $14.8 million worth of crypto exchange Coinbase (COIN) shares on Thursday, the biggest single-day divestment since May 7, ahead of the exchange’s second-quarter earnings announcement. The divestment means the company sold moreContinue reading “ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report”
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
Advertisements The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios. India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, the latest survey of savvy Indian investors by aContinue reading “Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors”
Bitcoin Miner Riot Platforms’ Second-Quarter Loss Widens to $84.4M as Costs Surge
Advertisements The company’s loss per share doubled to $0.32. Bitcoin (BTC) mining firm Riot Platforms (RIOT) said its second-quarter loss trebled from the year before as general running costs climbed 48%. The Castle Rock, Colo.-based company posted a net loss of $84.4 million, or $0.32 per share. Selling, general and administrative expenses rose to $61.2Continue reading “Bitcoin Miner Riot Platforms’ Second-Quarter Loss Widens to $84.4M as Costs Surge”
MSB Achieves Nearly VND 3,700 Billion Pre-Tax Profit in First Half of 2024
As of June 30, MSB’s total assets were over VND 295,500 billion, up 10.69% from the end of 2023.
Ether ETFs Break Four-Day Outflow Streak, Bitcoin ETFs Record $18M Outflows
Advertisements The crypto Trump trade appears to be softening. U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) recorded outflows while ether (ETH) ETFs recorded inflows after a four-day losing streak on Tuesday as prices pared gains from last week’s run-up to Republican presidential candidate Donald Trump’s speech. Spot bitcoin ETFs recorded $18 million in net outflows,Continue reading “Ether ETFs Break Four-Day Outflow Streak, Bitcoin ETFs Record $18M Outflows”
Bank of England to Carry Out CBDC, Digital Ledger Experiments
Advertisements In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound. The Bank of England said it’s planning a series of experiments with distributed ledger technology (DLT) and wholesale central bank digital currencies (wCBDC) to keep abreast of changes in the payments landscape andContinue reading “Bank of England to Carry Out CBDC, Digital Ledger Experiments”
SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL) in Binance Case
Advertisements Third-party tokens are digital assets alleged to be unregistered securities by the SEC that were issued by various companies not named Binance. The U.S. Securities and Exchange Commission (SEC) may be dropping it’s charges against so-called third-party tokens, such as Solana’s SOL and Polygon’s MATIC, which have been part of its case against Binance,Continue reading “SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL) in Binance Case”
Bitcoin Nears $70K on Back of Trump’s Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains
Advertisements Mt. Gox payouts seem to have not spooked BCH holders as the forked version of bitcoin outperformed the market in an otherwise slow trading day. Bitcoin neared the $70,000 mark for the first time since early June in Asian afternoon hours, days after Republican candidate Donald Trump revealed plans to make the asset aContinue reading “Bitcoin Nears $70K on Back of Trump’s Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains”
Venezuela’s Election Body Says Nicolas Maduro Reelected President, Opposition Claims Victory Too: Reports
Advertisements Venezuela’s dependence of crypto has been fuelled by a a dire economic situation, international sanctions, and nearly 8 million citizens fleeing the country in the past decade. Venezuela’s election body has announced that Nicolas Maduro has been reelected President of the nation, even though the opposition has claimed victory too, according to reports. TheContinue reading “Venezuela’s Election Body Says Nicolas Maduro Reelected President, Opposition Claims Victory Too: Reports”
Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push
Advertisements The company already runs nodes on multiple blockchain networks and is considering bitcoin mining, its web3 head revealed last month at a conference. German telecommunications giant, Deutsche Telekom’s subsidiary announced on Thursday that it will expand its Web3 services to the XDC Network (XDC), a blockchain focused on tokenized real-world assets (RWA), trade financeContinue reading “Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push”