EUR/USD struggles to hold gains above 1.0700 amid uncertainty ahead of key economic events. The ECB seems poised to start reducing key borrowing rates in June. Eurozone’s CPI, Q1 GDP and the Fed’s policy outlook will be in focus. The EUR/USD pair … [Continue reading]
NZD/USD sticks to intraday gains near two-week high, around 0.5975-80 amid softer USD
NZD/USD attracts fresh buyers on Monday and advances to over a two-week high. A positive risk tone undermines the Greenback and benefits the risk-sensitive Kiwi. Hawkish Fed expectations should limit the USD losses and cap the upside for the pair. … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1066 vs 7.1056 previous
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]
Ethereum fees drops to lowest level since October, ETH sustains above $3,200
Ethereum supply is inflating despite relatively high throughput. Average fee has nosedived to $1.12 per transaction, lowest since October. Ether sustained above $3,200 on Sunday, up 4% in the past seven days. Ethereum’s high … [Continue reading]
Solana, Base and AI meme coins rally, are speculative tokens making a comeback?
Solana and Base-based and AI meme coins have seen a resurgence in their price in the past day. Venture Capitalists and crypto funds have expressed interest in meme coins and the total market cap has crossed $51.47 billion. Crypto analyst … [Continue reading]
RWA narrative could make a comeback after nearly 50% correction in CFG, ONDO, MKR
The Real World Asset sector has garnered attention and mentions from crypto analysts, the narrative is making a comeback. Tokens CFG, ONDO, MKR and others have seen up to 50% corrections recently. Several top RWA projects are in the Solana … [Continue reading]
These cryptocurrencies could face selling pressure according to an analyst: STRK, ENA, OMNI, JUP, ONDO
Crypto analyst Thor Hartvigsen calculated the Fully Diluted Valuation of altcoins and identified tokens that could face selling pressure. Hartvigsen noted that four months into 2024, there is a massive increase in the supply of several … [Continue reading]
Coinbase CLO says dispute with SEC is about 52 million US crypto traders, praises John Deaton
Coinbase CLO Paul Grewal said the dispute with the US financial regulator is about 52 million Americans that own crypto. Grewal appreciated Attorney John Deaton for his amicus briefs in support of Coinbase. Blockchain Association filed an … [Continue reading]
Franklin Templeton’s Ethereum ETF listed on DTCC, no guarantee of SEC approval
Franklin Templeton has launched its Ethereum ETF coded as EZET, as seen on the DTCC website. Franklin Templeton’s Spot Ethereum ETF listing on DTCC does not guarantee S-1 filing approval by the US SEC. ETH price is $3,125 at the time of … [Continue reading]
Bitcoin could face mass selling pressure in response to DTCC’s latest notice
The DTCC issued an important notice announcing 100% haircut for ETFs and investment vehicles that include Bitcoin. No collateral value meaning the financial services company will provide no loans against investments in ETFs, Bitcoin. Crypto … [Continue reading]