Share: WTI trades at $86.62, bolstered by Saudi Arabia and Russia’s commitment to cut production by 1.3 million barrels until year-end. Positive economic data from China and potential end of negative interest rates in Japan support oil prices. … [Continue reading]
US Dollar outmatched by Chinese Yuan and Japanese Yen
Share: The US Dollar tumbles, portrays a sea of red crosses against all major currencies. No focal data points on Monday, which means no catalysts for a turnaround. The US Dollar Index falls off its pedestal, finding support … [Continue reading]
Turkey Unemployment Rate declined to 9.4% in July from previous 9.6%
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]
Silver Price Analysis: XAG/USD climbs back above $23.00, upside potential seems limited
Share: Silver gains positive traction and snaps an eight-day losing streak to over a two-week low. The technical setup supports prospects for the emergence of fresh selling at higher levels. Bears might wait for a fall below the $22.85-80 region … [Continue reading]
Arbitrum community sees new proposal for ARB staking and incentive distribution to users
Share: Arbitrum governance aggregator PlutusDAO has launched a proposal suggesting ARB locking mechanism and distribution of incentives to users. PlutusDAO proposes minting 1.75% of the token supply and distributing the token inflation to … [Continue reading]
Coinbase CEO Brian Armstrong’s stablecoin hot take: Flatcoin linked to CPI
Share: Coinbase CEO told Yahoo Finance in an interview that the next iteration of stablecoins, flatcoin, is on the horizon for the exchange. Flatcoin will be linked to CPI or purchasing power, rather than a fiat currency. Coinbase has … [Continue reading]
FTX exchange’s motion to convert crypto to fiat could make or break the payback plan in September 13 hearing
Share: Bankrupt FTX exchange’s motion to sell and hedge its crypto assets into fiat currency is scheduled for a court hearing on September 13. The Department of Justice’s US Trustee office that oversees the conduct of bankruptcy parties … [Continue reading]
MATIC price declines, on-chain activity fails to catalyze recovery in Polygon’s token
Share: MATIC network has observed a spike in address activity, trade volume and whale transactions over the past four days. The rising on-chain activity failed to catalyze a recovery in Polygon’s native token, MATIC price dropped to its … [Continue reading]
Shiba Inu price lags behind despite massive spike in Shibarium transactions and SHIB token burn
Share: Shiba Inu price yielded 3.42% losses over the past week, SHIB struggles to recover despite increasing activity on Shibarium. The Layer 2 chain hit a key milestone, crossing 1.5 million in transactions. SHIB burn rate increased … [Continue reading]
PEPE price recovery fazed by split in the meme coin’s team and Telegram account hack
Share: PEPE price is winding around the $0.00000079 level after the official account announced the hack of Telegram account. The tussle between the founding team has likely dragged on, with the Telegram account pushing scams on community … [Continue reading]