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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Solana Token Soars 350% After Messi and Ronaldinho’s Promotion
On Monday, professional soccer player Lionel Messi promoted the Solana-based memecoin to his 504 million Instagram followers. The Argentine shared a link to Watercoin (WATER), which caused the coin’s value to surge by 350%. The crypto community expressed concern over Messi’s endorsement of the project. Related reading World football stars…
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Solana Token Soars 350% After Messi and Ronaldinho’s Promotion
On Monday, professional soccer player Lionel Messi promoted the Solana-based memecoin to his 504 million Instagram followers. The Argentine shared a link to Watercoin (WATER), which caused the coin’s value to surge by 350%. The crypto community expressed concern over Messi’s endorsement of the project. Related reading World football stars…
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Tesla stock notches 10th consecutive day of gains as investors eye growth potential
Tesla (TSLA) stock closed up about 4% on Tuesday, posting gains for the 10th straight day. The positive moves mean Tesla has erased all of its losses since the start of the year, with the stock up about 5% year-to-date. Shares are up about 75% since hitting a 52-week low…
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Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.
Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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Sun Valley Conference 2024: The biggest names attending, and notably absent
Every year, a group of billionaire CEOs, investors, university leaders and politicians gather at Allen & Co.’s Sun Valley Conference in Sun Valley, Idaho, for what many have called “summer camp for billionaires.” private An event closed to the press since its inception in 1983, the deals made inside this…
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Deja-vu? In Olympics push, France ramps up war on fakes By Reuters
By Helen Reid, Lily Forodi, and Mimosa Spencer PARIS (Reuters) – At the tourist flea market in Saint-Ouen, not far from the Stade de France where athletes will compete at this summer’s Paris Olympics, police stormed in at dawn on April 3 and closed 11 shops selling counterfeit bags and…
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Up Network and Movement Labs partner to launch Web3 smartphone
Up Network just announced a strategic partnership with Movement Labs, and unveiled Up Mobile, a smartphone dedicated to Web3. This partnership hopes to revolutionize the Web3 consumer experience by improving privacy, scalability, and ease of use. Up Mobile will use biometric sensors and zero-knowledge proofs to verify blockchain identity. The…
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Up Network and Movement Labs partner to launch Web3 smartphone
Up Network just announced a strategic partnership with Movement Labs, and unveiled Up Mobile, a smartphone dedicated to Web3. This partnership hopes to revolutionize the Web3 consumer experience by improving privacy, scalability, and ease of use. Up Mobile will use biometric sensors and zero-knowledge proofs to verify blockchain identity. The…
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BofA: A brief and recent history of US FX policy
In the post-Bretton Woods era, US interventions in foreign exchange markets have become rare in the twenty-first century. Under the influence of the Plaza and Louvre Accords, US foreign exchange policy evolved under the “strong dollar” stance adopted by Treasury Secretary Robert Rubin in the 1990s. Interventions have been limited…
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Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins
The MiCA regulation has created a growing demand for compatible stablecoins, with Circle’s USDC emerging as a major beneficiary of this trend. In fact, USDC is driving demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased demand for USDC after MiCA In its latest release a reportKaiko…
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Flight-free travel pioneer Byway raises £5M to make journey-based travel mainstream
Byway, a travel tech startup and B Corporation supporting flight-free travel, has raised £5 million in a Series A funding round. Heartcore Capital led the round, with participation from Eka Ventures and investors from Byway. The funds will be used to accelerate the development of Byway’s unique journey planning technology,…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…