US Dollar closed out a strong week and opened Monday on a soft note. Fed officials offer cautionary advice concerning easing cycles amidst mixed signals in the economic outlook. May’s PCE data will be key, as well as GDP revisions. On Monday, the US … [Continue reading]
Natural Gas supported with another Norwegian outage
Natural Gas remains steady above $2.80 on Monday, near last week’s support. Traders assess another outage in Norway at the Hammerfest LNG plant. The US Dollar index trades in the high 105.00-region, though it might face pressure from Yen … [Continue reading]
Japanese Yen inches higher due to verbal intervention by Japanese authorities
The Japanese Yen holds ground, possibly due to verbal intervention by Japanese authorities. Japan's Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the timing of the … [Continue reading]
Japanese Yen remains stable possibly due to intervention by Japanese authorities
The Japanese Yen holds ground, possibly due to intervention in the FX market by Japanese authorities. Japan's Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the … [Continue reading]
Base to decentralize further with fault proofs, testnet launch expected mid July
Base, Coinbase’s Layer 2 chain plans further decentralization through the launch of fault proofs and higher community participation. Fault proofs are expected to go live for Base Sepolia testnet by mid July. Base has noted a spike in usage … [Continue reading]
These seven altcoins are down over 40% from their all-time highs, recovery likely with latest developments
Seven altcoins that have proposed developments to reduce the supply or control emissions are down over 40% from their all-time highs. Jupiter, Fantom, Avalanche, Echelon Prime, Arweave, Near Protocol and Jito prices dropped between 40% and … [Continue reading]
Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities
Bitcoin long-term holders shed their holdings while Ethereum holders continue accumulating, per IntoTheBlock data. Ethereum holders prepare for new yield opportunities and the upcoming ETFs, likely driving the divergence between BTC and … [Continue reading]
Chainlink supply on exchanges shoots up, LINK holders realize over $150 million in profits
Chainlink on exchanges climbed to 230.43 million on Friday, up nearly 9% in a single day, per Santiment data. LINK tokens flooded exchanges as holders rushed to take profits, realize over $150 million gains. LINK whales with 10 million … [Continue reading]
BtcTurk confirms cyber attack, AVAX wipes out nearly 7% value on the day
Avalanche suffered a decline in its price, erasing 7% value on Saturday. AVAX’s social dominance hit a near three month peak, per Santiment data. An on-chain analyst identified a $54.2 million AVAX transfer to Coinbase THORChain, says … [Continue reading]
Nvidia’s big drop ushers correction in AI tokens, NVDA wipes out $220 billion in market capitalization
Nvidia wiped out $220 billion in market cap on Friday, the chipmaker dropped to third most valuable firm behind Microsoft and Apple. The correction in the tech giant’s stock was followed by AI tokens extending their losses, NEAR, FET, RNDR, GRT, TAO … [Continue reading]