On Wednesday, August 14, the US Labor Department is slated to announce the Consumer Price Index (CPI) for July, which is anticipated to show a significant increase in inflation. Because of this, many are wondering whether the US Federal Reserve will be able to implement its plans to decrease interest
August 11, 2024 2 mins read
Azarus, a streaming overlay platform, has reported that its Evo Tournament campaign saw record levels of engagement. Setting new standards for user engagement, Azarus collaborated with Twitch to run interactive overlays throughout the AT&T-sponsored event. The world’s top esports players and spectators came together for the Evolution Championship Series (Evo), which took
August 8, 2024 1 min read
A further loan of 1 billion Japanese Yen was secured earlier today by the publicly-listed Japanese corporation Metaplanet, further solidifying its Bitcoin acquisition strategy. The announcement of the $68 million stock rights offering for the purchase of BTC came the day before this action. Raising an extra 1 billion Japanese
August 8, 2024 2 mins read
Following stretches of selling, Cathie Wood of Ark Invest has increased her stock purchases of Coinbase (COIN) and Robinhood (HOOD). As investors pay more attention to market fluctuations, the asset manager keeps changing its holdings. Following the prior slump caused by macroeconomic issues, the cryptocurrency market has regained momentum. In
August 7, 2024 1 min read
Net outflows of $148.5 million were recorded by U.S. spot bitcoin exchange-traded funds on Tuesday, continuing their bearish outlook. With $64.48 million, Fidelity’s FBTC was the most heavily-affected bitcoin fund yesterday, according to statistics from SoSoValue. The converted GBTC fund run by Grayscale had withdrawals of $32.18 million, while the
August 7, 2024 1 min read
According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
August 6, 2024 1 min read
It has been reported that an emergency meeting has been summoned for today by the United States Federal Reserve. With worldwide markets in a deep slump, this gathering is to reevaluate interest rates. Moreover, after the meeting, experts anticipate a 50 bps rate decrease from the Fed. In addition to
August 5, 2024 2 mins read
A 25-basis-point reduction in interest rates from 5.25% to 5.0% has been announced by the Bank of England, marking a watershed event. The decision follows expectations, and the British central bank reportedly pulled off this U-turn with a razor-thin majority. With this move, the wheels are in motion for more
August 1, 2024 2 mins read
Another large outflow of $77.2 million occurred on Wednesday, July 31, in Spot Ethereum ETFs. Although there was a recovery on Tuesday, this indicates that the declining trend in flows has persisted. Furthermore, the Federal Reserve’s decision to leave interest rates steady is accompanied by these outflows, which indicate a
August 1, 2024 2 mins read
The worldwide presence of Worldcoin is growing steadily. Notable for its one-of-a-kind “orb” verification mechanism, the project has recently declared a major step forward in its European activities by expanding into Austria. As part of its continuing efforts to build a broad, decentralized identity verification network across Europe and beyond,
July 31, 2024 1 min read
