Category: Open
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SEC Drama Fuels XRP Rally: Open Interest Skyrockets
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Cryptocurrency XRP is making waves as open interest (OI) for the token sees a significant spike. This rise in investor positions coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related reading Bullish bets on the horizon Cryptocurrency…
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Oil price bounce drives global commodity open interest value rebound – JPM
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JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around $9,800 per metric ton. In the future. a fourth. Net…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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US stocks set to open marginally lower after the stronger US jobs report
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US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined. US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to…
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Bitcoin Price In June Eyeing $80,000 Milestone As Open Interest For Bitcoin In June Reaches 19B
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The cryptocurrency market has been full of excitement as Bitcoin (BTC) continues to push the limits of its price performance. After breaching the $70,000 mark, traders and analysts are now eagerly anticipating the possibility of Bitcoin price in June 2024 reaching the highly coveted $80,000 level. This renewed bullish momentum…
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CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
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Buckle up, because the financial sector is about to be swept up in a wave of transparency. For many years, consumer data remained boxed in a fenced garden, with traditional banks acting as gatekeepers. Access was tightly controlled, distributed in drops and shuffles. The CFPB’s move dismantles those walls, giving…
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Open letter warns about AI — and it should apply to crypto too
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Both AI and cryptocurrencies move very quickly and are highly technical, making them difficult to regulate – but whistleblowers are being silenced. Another week, another warning about artificial intelligence. But this is an open letter — Expressing concerns that it could exacerbate inequality, fuel misinformation, and lead to uncontrollable artificial…
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Wall Street set to open lower as fears of sluggish growth increase By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – U.S. stock futures fell on Tuesday as investors grew more concerned about the strength of the world’s largest economy, even as they awaited a slew of reports this week to gauge the extent of slowing growth. Data on Monday showed…
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Rio Tinto to keep New Zealand aluminum smelter open another 20 years (NYSE:RIO)
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Rio Tinto (New York Stock Exchange: RIEO) said on Thursday it would continue operations at its Tiwai Point aluminum smelter in New Zealand until at least 2044 after agreeing to new electricity supply agreements. RIO is the parent organization of New Zealand Aluminum The smelter, which said it had signed…
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Major US indices open the last day of the week higher
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Major indices are trading higher in early US trading. Gains in major indices are in the 0.3% range. Eight minutes after opening: The Dow Jones Industrial Average rose 114.82 points, or 0.29%, to 39,180.09 points. The Standard & Poor’s index rose 17.97 points, or 0.34%, to 5,285.82 points. The Nasdaq…
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Ethereum ETF Approval to Open the Doors for More Crypto ETFs
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If you have any semblance of interest in cryptocurrency trading, you should’ve already heard that the Ethereum ETF approval by the SEC (Securities and Exchange Commission) is well on its way. Cryptocurrency investors are about to get the opportunity to buy into some brand new exchnage-listed products in the coming…
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ECBs Vasle: Awaiting data and open to possibilities on rate path
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Speaking from the European Central Bank, Vasle says: Waiting for data and open to possibilities on the price path A cut in interest rates in June would be reasonable GDP growth in A24 appears to be better than expected. Really interested in what is happening in the United States. With…
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How Tech is Cracking Open Traditional Finance
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The bank of the future is not a shiny marble edifice guarded by stoic tellers. It’s a constellation of ones and zeros, algorithms whirring in server farms, and data flows like invisible rivers of commerce. The digital revolution is sweeping the world of finance, and the risks are high. This…
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Harvest Plans To Open Bitcoin ETF To Mainland China
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Harvest Global Investments, a Chinese fund house and one of the issuers of the first Bitcoin and Ethereum spot trading funds (ETFs) in Hong Kong, Certain It plans to open these funds to mainland Chinese investors through Hong Kong Stock Connect. This development could significantly expand the investor base and…
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Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says “Hard To Be Bearish”
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Data shows that Bitcoin’s open interest as a percentage of its market capitalization has been at record lows recently, a sign that the derivatives side has been healthy. Bitcoin’s open interest is now less than 2% of market cap As analyst James Van Straaten explained in New mail On X,…
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Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese
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Richard Byworth, managing partner at SyzCapital, has sparked rumors suggesting that Hong Kong-listed Bitcoin ETFs may soon be available to investors from mainland China. Byworth’s remarks to X, formerly known as Twitter, highlight ongoing discussions about the possibility of integrating these ETFs into the Stock Connect system. This integration could…
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European shares slip at open in earnings tide, Fed outcome By Reuters
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(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…