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Daily Broad Market Recap – July 31, 2024
The last trading day of the month was a busy one for data traders as they priced in new updates from around the world. What headlines have moved major assets in recent trading sessions? We have a list for you: headlines: Price movement in the broad market: Dollar Index, Gold,…
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Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’
Matt Hogan, Bitwise’s chief investment officer, claims in a new statement: note For investors after the Bitcoin 2024 conference, the market may not be optimistic enough about the future of Bitcoin. The conference was a watershed moment that attracted massive political attention and could have a major impact on the…
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Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’
Matt Hogan, Bitwise’s chief investment officer, claims in a new statement: note For investors after the Bitcoin 2024 conference, the market may not be optimistic enough about the future of Bitcoin. The conference was a watershed moment that attracted massive political attention and could have a major impact on the…
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1 Growth Stock Down 33% to Buy Right Now
Between disappointing quarterly results, lower guidance, and a few recent cuts, Ulta Beauty (NASDAQ: ULTA) This investment is not very interesting at the moment. The stock has fallen 33% from its February high to its lowest level in two years, precisely because the market has lost hope. But as the…
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Dollar pushes back against post-Fed losses
In particular, the EUR/USD pair is starting to call for a technical break to the downside now: EUR/USD Daily Chart The pair is down 0.4% at 1.0785 currently, threatening to break the 1.0800 level and especially its 100-day moving average (red line) at 1.0792. Today’s decline sees the price now…
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Tesla Will Lose Money On Bitcoin Purchase
Source: cryptoslate Veteran investor and Bitcoin critic Peter Schiff didn’t hesitate to talk about Tesla’s decision to invest in the leading cryptocurrency. In a candid interview, Posted on social mediaSchiff congratulated Musk on his recent acquisition of X (formerly Twitter), but inadvertently mentioned Bitcoin instead of X. This Freudian slip,…
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UK’s PMI rises to two-year high of 52.1 in July
Joseph Clark The seasonally adjusted S&P Global Manufacturing Purchasing Managers’ Index (PMI) for the UK rose to a two-year high of 52.1 in July, up from 50.9 in June and the previous flash estimate of 51.8. Key findings include: Fastest output growth since February 2022; higher input price inflation to…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Educators use AI to plan lessons, motivate kids, and make teaching easier
Teachers have spent the past few years complaining about ChatGPT’s ability to help students cheat on their assignments. Generative AI can write a college essay or answer a math problem in a fraction of the time, making it a tempting shortcut. Professors have accused — accurately or not — their…
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BOJ shift gives yen a shake and causes reassessment of popular FX trade By Reuters
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Bank of Japan’s move to raise interest rates to a 15-year high pushed the yen to its highest level against the dollar since March and left it poised for further gains as investors reassess lucrative carry trades that had previously…
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Ethereum ETFs See 2nd Green Day Since Launch
Ethereum exchange-traded funds (ETFs) have recorded their first green day after a four-day losing streak. A week after their launch, massive inflows, led by Grayscale’s Ethereum Trust (ETHE), have outpaced the stellar start of the ether-based investment product. Ethereum ETFs Outperform Outflows The approval of Ethereum (ETH) spot ETFs has…
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Ethereum ETFs See 2nd Green Day Since Launch
Ethereum exchange-traded funds (ETFs) have recorded their first green day after a four-day losing streak. A week after their launch, massive inflows, led by Grayscale’s Ethereum Trust (ETHE), have outpaced the stellar start of the ether-based investment product. Ethereum ETFs Outperform Outflows The approval of Ethereum (ETH) spot ETFs has…
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Ruto’s spending on development projects sinks to new low
Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National Treasury shows that government ministries, departments and agencies spent Sh315.06 billion…
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Chart Art: WTI Crude Oil (USOIL) Closing in on Area of Interest
Crude oil has been on a sharp rise these days, but can it sustain its gains beyond this longer-term area of interest? Take a look at these turning points I am watching on the 4-hour time frame. Crude Oil WTI (USOIL) Chart by TradingView Geopolitical tensions are back in the…
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Post Nashville Event Recap – A Bitcoin VC Perspective The Good, The Bad, and the Bullish
Macro – Crossing the Rubicon 1. Donald J. Trump and the point of no return. 3 words, “Strategic Bitcoin Stockpile”. It was theorized by many Bitcoiners for years, some would even say dreamed of, and it happened just last week. Fair to say that Bitcoin has indeed crossed some sort…
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How can SMEs make the most of LLMs?
Businesses of all sizes have not been able to escape the incredible impact that artificial intelligence has had on the ways we conduct business in recent times. From large corporations to SMEs, organizations are becoming faster, more agile, and more powerful as we outsource administrative and repetitive tasks to our…
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BOJ says wages could come in hotter than expected in latest quarterly outlook report
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…