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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Senate Democrats tee up vote on child tax credit in election-year pitch to families
Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Kevin Freaking Published on August 1, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Senate Majority Leader Chuck Schumer, D-N.Y., delivers remarks…
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UBS upgrades China stocks to “most preferred” in Asia By Investing.com
UBS said Chinese stocks were its top pick in Asia, with the firm forecasting strong single-digit returns by the end of 2024 on the back of improved earnings outlook and more policy support. UPS said China’s major internet companies are set to post stronger earnings, especially major e-commerce companies like…
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Polyhedra Network launches Proof Cloud in open beta
Polyhedra Network announced the launch of the open beta version of Proof Cloud at Google ZK Summit. Proof Cloud is designed to make ZK proofs more accessible in both Web 2 and Web 3 environments. Backed by Google Cloud, Polygon (MATIC), Linea, and Lita, Proof Cloud aims to meet the…
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Shekel weakens following Haniyeh, Shukr killings
The shekel has weakened significantly this morning, following the killing of Hezbollah commander Fuad Shukr in an Israeli airstrike in Beirut last night, and the killing of Hamas political leader Ismail Haniyeh in Tehran in the early hours of this morning, about which Israel has remained silent. The assassination of…
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Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut
As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…
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Bitcoin Utility Back To Q1 Bull Run Levels: New Rally Soon?
On-chain data shows that Bitcoin network utility has recently returned, which could pave the way for another price surge. Bitcoin Trading Rises to 5-Month High In new mail In X, on-chain analytics firm Santiment discussed the latest trend in Bitcoin “trading.” Trading here refers to an indicator that tracks the…
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Bitcoin Utility Back To Q1 Bull Run Levels: New Rally Soon?
On-chain data shows that Bitcoin network utility has recently returned, which could pave the way for another price surge. Bitcoin Trading Rises to 5-Month High In new mail In X, on-chain analytics firm Santiment discussed the latest trend in Bitcoin “trading.” Trading here refers to an indicator that tracks the…
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Australia struggling to improve Indigenous livelihoods, government report shows By Reuters
By Ringo Jose SYDNEY (Reuters) – Australia is struggling to improve the lives of its indigenous people with only five out of 19 measures on track to meet targets, a government report showed on Wednesday. Aboriginal and Torres Strait Islander people make up 3.6 per cent of Australia’s population of…
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China Caixin Manufacturing PMI for July 2024 49.8 (expected 51.5, prior 51.8)
I have revised this result twice, as it has returned to contraction again after a good June. This was a major failure to meet expectations. This is its first contraction in nine months, and points to underlying problems in the Chinese economy. The PMI had performed better than the official…
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Lightning Network In A Class Of Its Own At Bitcoin 2024 Conference
I was asked repeatedly throughout this year’s Bitcoin 2024 conference to name the most notable thing about that moment—the signal amidst the noise. As I returned from Nashville, it occurred to me that each time, I was never able to answer the question satisfactorily. Partly because I simply couldn’t keep…
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How to avoid taxes on CD interest
Certificates of deposit (CDs) are a valuable tool for diligent savers. CDs allow you to earn higher interest rates than you would with a traditional savings account, and your returns are guaranteed at a fixed rate for the life of the CD. The catch is that you can’t touch your…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…
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Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens
Hedge Fund Manager James Lavish He predicted that. Bitcoin price may reach $428K At some point. He also mentioned what would have to happen for the leading cryptocurrency to reach such an ambitious price target. How can Bitcoin price rise to $428k? Lavish mentioned in X (formerly Twitter) mail who…
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U.S. crude surges to biggest gain since October after strike kills Hamas leader in Iran
SlavkoSereda/iStock via Getty Images U.S. crude oil futures jumped more than 4 percent on Wednesday after the assassination of Hamas political leader Ismail Haniyeh in Tehran just hours after an Israeli strike on a top Hezbollah military leader in Beirut raised fears of a possible direct conflict between Israel and…
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PBOC is expected to set the USD/CNY reference rate at 7.2167 – Reuters estimate
The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Identity Is A Must For Stablecoin Issuers
In an important step, Swiss Financial Market Supervisory Authority (FINMA)Switzerland’s financial regulator has issued new guidelines aimed at addressing the risks associated with fiat-linked stablecoins. The guidelines, released on July 26, 2024, emphasize the importance of verifying the identity of all token holders, effectively banning decentralized stablecoins in Switzerland. The…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…