Author: bitlyfool
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FX option expiries for 9 May 10am New York cut
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There are a couple to keep in mind on this day, as shown in wide. The first is the EUR/USD expiry range from 1.0745 to 1.0775. This will likely help prevent the price action from moving too far to the upside during the day. This is in addition to the…
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Bitcoin Lightning Wallet ZEUS Isn’t Going Anywhere
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Founder: Ivan Kaludis Date of Establishment: 2019, Block 563345; It was merged in 2023 Headquarters location: No headquarters; Quite far The amount of Bitcoin held in the vault: Not disclosed Number of Employees: 2 website: https://zeusln.com/ Public or private? private On April 26, 2024, Evan Kaloudis drew a line in…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
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Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
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ADA Price Prediction – Can Cardano Bulls Overcome This Key Hurdle?
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Cardano (ADA) is trying to make a new surge above the $0.4500 resistance area. ADA could gain upward momentum if it settles above the 100 SMA (H4). ADA price is slowly moving above the $0.450 area. The price is trading below $0.480 and the 100 simple moving average (4-hours). There…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…
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Crypto token unlocks could lead to market correction
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The cryptocurrency market’s current bull cycle may be shorter than previous ones and is unlikely to end with a significant altcoin rally. As reported by 10x Research analysts, cryptocurrency investment funds, which will concentrate a significant share of coins in the future, may be the reason behind this. Be careful…
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Kinneret falls short despite May rainfall
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The lake currently lies only 54 centimeters from its maximum level of 208.80 meters below sea level, according to the Tiberias Authority. After rare May rains earlier this week, the water level of the Sea of Galilee (Lake Kinneret) rose by 0.5cm yesterday, close to its maximum level but unlikely…
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Asia FX muted, Japanese yen pauses losses after BOJ warning By Investing.com
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Investing.com — Most Asian currencies moved in a flat-to-low range on Thursday as markets sought more signals on U.S. interest rates from Federal Reserve officials and upcoming inflation data. The Japanese yen saw some resilience, with the pair pausing its recent decline following somewhat hawkish comments from the Bank of…
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Biden Admin To Kill Republican Bill Letting U.S. Banks Custody Crypto
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Republican-led efforts to free up US banks to offer cryptocurrency custody services have been shut down by the Democratic-led White House. On Wednesday, the House discussed and prepared to vote on House Resolution 109 (HJ Res. 109), which would rescind prior accounting guidance from regulators to banks that plan to…
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Explainer-Why the US is stopping some bomb shipments to Israel By Reuters
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THE HAGUE/WASHINGTON (Reuters) – The United States has suspended a shipment of weapons to Israel, including heavy bombs used by the US ally in its campaign against Hamas militants in Gaza that has killed more than 34,000 Palestinians. The comment comes at a time when Israeli Prime Minister Benjamin Netanyahu…
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Daily Broad Market Recap – May 8, 2024
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Who works late because he is a merchant ̶s̶i̶n̶g̶e̶r̶? It doesn’t have to be espresso Today because we have all the details on how the major financial assets moved yesterday. With no major market movers on Wednesday, this was a perfect opportunity for major assets to respond to their individual…
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Ethena Partners With Bybit, Is This An “Attack” On USDT And USDC?
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In a post on X, one of the analysts now Claims Traditional fiat-backed stablecoins such as USDT and USDC should prepare for a “major” attack given the growing popularity of Ethena’s USDe coin. This warning comes after Ethena and USDe integrated with Bybit, a cryptocurrency exchange that allows perpetual trading.…
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
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Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could delay any real recovery. “The rapid sequence of nearly $2 billion in token unlocks over the next 10 weeks could send the altcoin market plummeting,” cryptocurrency analytics firm 10x Research noted…
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Japan finance minister Suzuki: Rapid FX moves undesirable
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
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Executive Office of US President Joe Biden Announce Its position on the proposed legislation, HJ Res. 109, would allow highly regulated financial companies to act as custodians for bitcoin and other cryptocurrencies. JUST IN: ?? US President Joe Biden’s administration says Biden will veto legislation that would allow highly regulated…
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Mountain Valley Pipeline segment ruptures during test, sparking criticism (NYSE:ETRN)
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zorazhuang/iStock via Getty Images Groups opposed to the Mountain Valley Pipeline said It ruptured last week Part of the Mountain Valley Pipeline during pressure testing Highlights risks The project is being pitched to communities, while lead developer Equitrans Midstream (New York Stock Exchange: Etern) He said The event demonstrates that…
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US stock futures move sideways with more Fedspeak, rate cues on tap By Investing.com
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Investing.com — U.S. stock index futures traded sideways in overnight trade Wednesday, as a recent rebound on Wall Street stalled after a series of Federal Reserve officials warned that interest rates will remain high for longer. This puts more Fed officials’ upcoming addresses on Thursday and Friday squarely into focus,…
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Analyst Predicts 5,600% Rally To $25
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Cardano is currently going through a downtrend, and continues to show bearish tendencies as its price trends below $0.5. However, while many saw the altcoin as not having a lot of prospects, cryptocurrency analyst FieryTrading believes that the digital asset gives investors an opportunity to enter at a cheap price.…
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Executive on probation for giving freebies to a high roller and letting him gamble millions
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A former top executive for a major Las Vegas casino was given a year of probation Wednesday after he admitted he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off the debt with cash. Scott Sibilla pleaded guilty in January to violating federal…