Share: Binance.US prevailed against the SEC’s application for a TRO when Judge Jackson consented to continued operations in the US. The victory has kept XRP holders’ eyes peeled as chatter over an imminent ruling continues. Crypto fund manager … [Continue reading]
Breaking: Binance to continue US operations
Share: Binance Exchange has received permission to continue operating in the United States. The approval comes after Judge Jackson gave a consent order in a June 17 filing. The crypto exchange’s operations will run as usual, as it continues to … [Continue reading]
Fantom price rises by 15%, but investors still await a rally to May highs for this reason
Share: Fantom price observed a relatively quicker recovery in comparison to other altcoins trading at $0.27. FTM investors are facing a demand wall at $0.43 breaching, which would turn 1.08 billion FTM profitable again. This would reinvigorate … [Continue reading]
LINK whales activity jumps by 1000% as selling plagues network after Chainlink price hit two-year lows
Share: Chainlink price is currently trading at $5.2, last visited by the altcoin in July 2020. LINK whale transaction volume rose to $300 million, far higher than the average of $24 million. Most of the large wallet holders moved to sell along with … [Continue reading]
BlackRock Bitcoin ETF application, making a case for SEC approval
Share: BlackRock has revealed a new strategy that could bolster its Bitcoin ETF application. The move involves collaborating with Nasdaq for a surveillance-sharing agreement with an operator of a spot trading platform for Bitcoin. The asset manager … [Continue reading]
Gold, the Chart of the Week: XAU/USD is coiled and breakout eyed
Share: Gold is under pressure while below the daily trendline but bulls eye a break higher. Bears eye $1,930s to open risks of a bearish extension. Gold prices rose for a third-straight session posting a minor gain on Friday although we are at a … [Continue reading]
USD/JPY Price Analysis: Breaks to new YTD highs on USD strength, rising wedge in focus
Share: USD/JPY surges to a YTD high of 141.91, though failure to surpass 142.00 could trigger a sell-off. The rising wedge pattern sparks uncertainty as USD/JPY nears key resistance. Japanese FX intervention may influence future USD/JPY direction. … [Continue reading]
NZD/USD flat on Friday, clinging weekly gains
Share: NZD/USD traded neutral at the 0.6230 area on Friday but set a 1.70% weekly gain. Hawkish Fed speakers and upbeat UoM data gave the USD momentum. Rising US bond yields limited the Greenback's traction. The NZD/USD traded stable at the 0.6210 … [Continue reading]
EUR/USD Price Analysis: Bulls run into resistance, bears eye trendline resistance
Share: EUR/USD bulls eye higher highs but a correction could be on the cards. Bears eye a correction to test trendline support. The euro surged into the 1.0970 mark vs. the US Dollar on Friday, reaching its strongest level since May, … [Continue reading]
Fed: Outlook for funds rate subject to considerable uncertainty
Share: Inflation in the US is well above target and the labor market remains very tight, the US Federal Reserve's recently published monetary policy report to Congress read, ahead of Chairman Jerome Powell's Capitol Hill testimony next week, … [Continue reading]