In the face of emerging global recession fears, not only have US interest rate expectations been corrected over the past week, but so have those for most of the other G10 countries. Correcting for these distortions, the market is now pricing in … [Continue reading]
Italy HCOB Services PMI below expectations (53) in July: Actual (51.7)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD hovers around 1.2800 with aiming to extend gains due to risk-on mood
GBP/USD grapples to extend gains due to dovish sentiment surrounding the Fed’s policy stance. The recent US labor data increased the probability of a 50-basis point Fed rate cut to 74.5% in September. BoE Governor Bailey mentioned after the policy … [Continue reading]
South Korea FX Reserves increased to 413.51B in July from previous 412.21B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Kraken Chief Security Officer stresses on importance of crypto self custody, traders express concern
Kraken Chief Security Officer Nick Percoco shared his thoughts on crypto self custody in a recent tweet. Percoco said never keep all of your assets on an exchange or web platform. Kraken Security lead’s tweet raised concerns among crypto … [Continue reading]
Solana and meme coins bleed after whistleblower alleges hidden FTX wallets hold 8% of SOL supply
Solana erased nearly 25% of its value in the past week, dropped to $140 low on August 4. A whistleblower alleged that bankrupt FTX exchange holds 8% of Solana supply in secret wallets, per news that surfaced on X. Solana-based meme coins … [Continue reading]
Bitcoin bleeds close to $60,000, further decline could liquidate over $1 billion
Bitcoin extends losses on Saturday, dips closer to psychological support at $60,000. BTC price decline under the support level could usher over $1 billion in liquidations, per Coinglass data. Crypto fear and greed index goes from fear to … [Continue reading]
Crypto market hit by correction, Ethereum, Solana, Dogecoin slip under key support
Crypto market cap suffered a decline with the correction on Friday, Ethereum, Solana, Dogecoin struggled at key support levels. Ethereum, Solana and Dogecoin noted between 2% and 5% drop in their prices on the day. Open interest dropped in top … [Continue reading]
FLOKI holders earn rewards from BNB-based meme coin, double-digit drop likely
Simon’s Cat, animated cat brand has planned a meme coin launch on the BNB Chain, in partnership with Floki. FLOKI traders will receive a portion of the new meme coin’s supply as a reward. FLOKI could extend losses by nearly 11% and sweep … [Continue reading]
Meme coins dominate 35% of Bitcoin transactions as BTC eyes $70,000 target
Meme coins account for 35% of over 99 million transactions on Bitcoin blockchain since January 1, per Galaxy Research data. Runes, meme coins on Bitcoin failed to boost activity on the chain, after two years of positive price action, monthly active … [Continue reading]