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Search Results for: market

UBS Launches First Tokenized Money Market Fund in Singapore

UBS Asset Management is making waves in the digital finance world by launching its first-ever tokenized money market fund, the UBS USD Money Market Investment Fund Token (uMINT), starting in Singapore. This innovative fund, built on Ethereum’s distributed ledger technology, aims to provide investors with a secure and efficient cash

November 1, 2024 1 min read

Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels

The global cryptocurrency market cap currently stands at $2.28 trillion, reflecting a 5.96% drop in the last 24 hours. This decline may be partly driven by shifts in the U.S. election predictions, as recent data shows that the odds of Trump winning have dropped to 2.8%. This adjustment in election

November 1, 2024 2 mins read

CME Group’s FCM Approval Sparks CFTC and FIA Market Concerns

On October 29, the CME Group, a leading player in the derivatives marketplace, received approval from the National Futures Association (NFA) to establish its own Futures Commission Merchant (FCM). The granted approval allows CME Group to manage customer accounts directly and deepen its role in futures trading.  Yet, this move,

October 30, 2024 1 min read

Bhutan Sells $66 Million in Bitcoin to Binance Amid Market Rally

The Royal Government of Bhutan recently transferred 929 BTC, valued at $66 million, to Binance. This move follows Bitcoin’s price surge above $71,000, marking Bhutan’s first significant transfer since selling $24 million in BTC via Kraken in July. The on-chain analytics platform Arkham reported this sale. Royal Government of #Bhutan

October 29, 2024 2 mins read

Avalanche’s Q4 Challenge: AVAX Battles $24 Support Amid Market Uncertainty

Avalanche (AVAX), despite forming an ascending channel pattern on the daily timeframe, has consistently delivered negative returns to investors, raising questions about its potential for recovery in the current altcoin season. The token’s recent performance paints a concerning picture, with no movement in the last 24 hours and a more

October 28, 2024 1 min read