ETH Turns Attractive On Dips
As cryptocurrency becomes increasingly popular, Ethereum has proven to be a strong competitor in the digital currency market. Ethereum has surged in popularity in recent years and is now the world’s second-largest cryptocurrency by market capitalization, behind only Bitcoin. ETH price is currently consolidating above the $1,730 level against the US Dollar, moving higher above […]
6.8763 vs. last close of 6.8785
The People’s Bank of China (PBOC) has announced the yuan’s rate at 6.8763 against the previous day’s closing rate of 6.8785 and an estimate of 6.8753. This news has had a significant impact on the global financial markets, as China’s economy is the second-largest in the world and tightly controls the yuan’s rate within the […]
$XRP Whale Numbers Grow as Large Investors Stockpile 420 Million Tokens, Data Shows
The number of whales on the XRP Ledger has been growing recently, and large investors have been behaving aggressively by accumulating the cryptocurrency. The accumulation is said to be in anticipation of a favorable outcome in the legal battle between Ripple and the U.S. Securities and Exchange Commission. This information was provided by on-chain analytics […]
France: Government survives no-confidence vote
The recent no-confidence vote against the government of French President Emmanuel Macron has been met with a narrow victory. The French National Assembly rejected the vote by only nine votes, with the measure needing 287 votes to pass, receiving only 278. The decision comes amidst growing opposition to a bill that would increase the retirement […]
‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says
Last week, Euler Finance, a decentralized finance (DeFi) platform for borrowing and lending cryptocurrencies, suffered a nearly $200 million attack. The hacker, who had drained various cryptocurrencies using a flash loan exploit, sent a message to an Ethereum address linked to the platform, offering to begin a dialogue after Euler Finance issued an on-chain ultimatum […]
Dow industrials up by more than 300 points in final hour of trading
The U.S. stock market saw a positive trend in Monday’s session, even though all three key indices slipped from their session highs. The current upbeat mood among investors can be attributed to the news of UBS’s agreement to purchase its weakened rival Credit Suisse. The Dow Jones Industrial Average was among the leading indices, rising […]
AUD/USD remains depressed near 0.6700, fresh USD selling lends some support
The AUD/USD pair has struggled to continue its upward momentum and has retreated from a nearly two-week high of 0.6730, which was touched earlier this Monday. The spot prices, however, rebounded from the daily low and are currently trading below the 0.6700 round-figure mark heading into the North American session. The retreat comes after the […]
Gensler Is Trying To Do Too Much Too Fast
SEC’s Peirce Believes Gensler is Trying to Do Too Much Too Fast The Securities and Exchange Commission (SEC) may have a packed agenda that is hindering the implementation of important regulatory guidelines in the crypto space and other areas of securities policy, according to SEC Commissioner Hester Peirce. She expressed concerns that agency Chief Gary […]
Break below 3800/3760 to trigger a decline toward last October low of 3490 – SocGen
The S&P 500 index has been on a roller coaster ride, testing new highs and lows since the start of 2021. The index hit a high of 4,238 in early May, but subsequently experienced a downtrend, falling as low as 3,644 in May as inflation concerns and rising interest rates made investors cautious. However, the […]
Fed-funds futures traders see 73% chance of quarter-point hike on Wednesday, boost odds of May hike
The Federal Reserve’s rate hike trajectory appears unperturbed by recent news of a dominant U.S. bank’s scandal that could potentially impact the industry’s reputation. Fed-fund futures traders are pricing in a scenario where Federal Reserve policy makers might overlook recent banking-sector developments and continue hiking interest rates through May. This is significant news as it […]