Category: Bets
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Crypto Guru Arthur Hayes Bets On This Under-The-Radar Altcoin
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Arthur Hayes, a well-known cryptocurrency investor and former CEO of BitMEX, reportedly made a large purchase of the little-known altcoin Aethir (ATH), worth 11.4 million tokens, for an approximate value of $779,000. The transaction was identified as Reported By on-chain data analytics firm Lookonchain. According to the company, the purchase…
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Norway’s Wealth Fund Bets On Bitcoin: Analyst Discloses Over 100% Increase In BTC Holdings
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As Bitcoin adoption continues to gain momentum globally among countries and traditional financial institutions (TradFi), Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has emerged as a secret holder of the largest cryptocurrency on the market. Unexpected Bitcoin Whale? According to a recent study analysis K33 Research analyst Veitel…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Dollar hits four-month low as weak US jobs data boosts rate cut bets By Reuters
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By Karen Brittl NEW YORK (Reuters) – The U.S. dollar fell to a four-month low on Friday after a weaker-than-expected July employment report raised expectations the Federal Reserve will cut interest rates by 50 basis points in September as the economy deteriorates. Employers added 114,000 jobs, missing expectations for a…
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Number of bets on Polymarket surpassed 1.5m in July
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The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Number of bets on Polymarket surpassed 1.5m in July
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The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
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Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease
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Written by Roshni Nair (Reuters) – Investors have become bullish on the Singapore dollar for the first time since mid-December as growth and inflation dynamics in the city-state continue to support the local currency, while bearish bets on most Asian currencies have eased, a Reuters poll showed on Thursday. Long…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…
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Junk bonds are now in high demand as Wall Street bets on another Trump presidency
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The credit world’s version of the “Trump trade” is starting to take shape: buy high-yield US bonds and stay away from anything inflation-sensitive. Institutional bond investors around the world have already begun positioning themselves for a potential election win for Donald Trump after the attempted assassination of his father, and…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com
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New Zealand’s consumer price inflation rate fell more than expected in the second quarter, boosting bets that the economy is slowing at a pace that could prompt an interest rate cut by the Reserve Bank. China’s gross domestic product grew 3.3% year-on-year in the three months to June 30, government…
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Asian stocks drift higher as rate cut bets grow; China lags By Investing.com
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Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid growing expectations of an interest rate cut in September, while Chinese markets lagged on concerns about a slowing economy and headwinds from U.S. politics. Regional markets took positive cues from a strong close on Wall Street, after dovish…
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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…
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Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
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So far, Bitcoin has seen significant volatility in the recent trading session, indicating weak investor sentiment. Earlier today, the coin surged to $57,300. However, the coin now appears to have lost ground after reaching this level as it is trading at $55,966, down 1.6%. This increase in volatility suggests that…
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Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
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So far, Bitcoin has seen significant volatility in the recent trading session, indicating weak investor sentiment. Earlier today, the coin surged to $57,300. However, the coin now appears to have lost ground after reaching this level as it is trading at $55,966, down 1.6%. This increase in volatility suggests that…
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Asia FX upbeat as rate cut bets dent dollar; yen on intervention watch By Investing.com
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Most Asian currencies rose on Thursday as growing expectations of a Federal Reserve interest rate cut weighed on the dollar, while a fragile yen kept traders wary of possible government intervention. But gains in Asian currencies were capped by hawkish signals from the minutes of the Federal Reserve’s June meeting,…
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Asian stocks rise as rate cut bets build; Japan tests record highs By Investing.com
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Asian stocks rose on Thursday, tracking gains on Wall Street overnight, as a string of weak economic readings prompted investors to ramp up bets that the Federal Reserve will cut interest rates by September. Japanese stocks have been the best performers in recent sessions, recovering most of the losses they…
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Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
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Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…