Crypto Market Liquidity Improved Significantly as USDC Regains Dollar Peg
The cryptocurrency market has seen a significant improvement in liquidity recently, following USDC (USD Coin) regaining its dollar peg, which led to a rally in crypto prices over the past few days. The recovery came after the collapse of Silicon Valley Bank and several other US banks caused market panic, leading to a de-peg of […]
Silicon Valley Bank’s collapse is not a 2008 moment – UBS
The recent collapse of Silicon Valley Bank has created waves in the US banking system, leading many to compare the current situation with the global financial crisis of 2008. However, economists at UBS advise against getting carried away and view the recent bank failures and government action as isolated incidents, rather than precursors to a […]
2-year Treasury jumps back above 4% as selloff in bonds gains steam
On Tuesday, the 2-year Treasury yield took a significant jump of 23 basis points in New York morning trading, reaching 4.15% and marking the highest level it has seen in six years. This surge was caused by a widespread selloff of government debt in anticipation of the Federal Reserve’s highly anticipated policy decision set to […]
Florida Governor Calls for Ban on CBDC in the State
Florida Governor Ron DeSantis, a potential presidential candidate for the 2024 United States presidential election, recently made headlines when he called for a ban on digital dollars in the state. During a press conference on March 20th, DeSantis stood in front of a podium with the words: “Big Brother’s digital dollars” emblazoned across it and […]
NODX moderated the decline in February – UOB
According to senior economist Alvin Liew at UOB Group, the non-oil domestic exports (NODX) in Singapore have continued to decrease, with a 15.6% year-over-year drop in February, marking five consecutive months of contraction after 22 months of growth. The value of NODX has also declined to S$13.0bn, the lowest it has been since June 2019. […]
OKX latest proof-of-reserves reveal $8.9B in assets
Global cryptocurrency exchange OKX has released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in November 2022, in an effort to increase transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This puts the reserve ratios of […]
Labour market remains (very) tight – UOB
The latest jobs report in Australia has revealed a decrease in the unemployment rate to 3.5%, which is around a 50-year low. This figure is down from 3.7% in January and against expectations of 3.6%. The employment rate has also seen an increase of 64,600 people in February, compared to a revised fall of 10,900 […]
Gold Futures: Further correction on the cards
ngs. The Commodity Futures Trading Commission (CFTC) reported that open interest in gold futures markets increased from 535,894 to 542,008 for the week ending on the 10th of August, marking a significant rise in the precious metal’s futures market. The increase in open interest is an important indicator of investor sentiment towards gold. As more […]
MakerDAO’s emergency proposal triggers 26% MKR price plunge
MakerDAO, a decentralized finance (DeFi) protocol behind the Maker (MKR) token, witnessed a sharp 26% value decrease within a week following the news of an emergency proposal aiming to address the platform’s $3.1 billion USD Coin (USDC) exposure. Investors and stakeholders in the ecosystem were concerned about the overexposure to a single asset, particularly USDC’s […]
How to use ChatGPT: Best free online courses
Artificial intelligence, or AI, is a fascinating and rapidly growing field that has the potential to transform our society in countless ways. From automating mundane tasks to creating innovative solutions to complex problems, AI has already begun to make our lives more convenient and efficient. If you’re interested in learning more about AI and how […]