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]
Mexican Peso steady after hitting six-day low amid mixed data
Mexican Peso recovers afer fourth days of losses. Mexico’s Economic Activity expanded in July, but Retail Sales contracted for the third consecutive month, fueling Peso weakness. Citibanamex survey shows most economists expect Banxico to cut rates by … [Continue reading]
Bitcoin holds above $62,000 despite mild decrease in ETF inflows
Bitcoin price halts the recent positive movement, holds above key psychological level of $62,000. On-chain data suggest neutral sentiment among BTC’s traders. US spot Bitcoin ETF inflows experienced a slight decline week-on-week. Bitcoin (BTC) halts … [Continue reading]
Gold holds gains on bets of more Fed rate cuts, Middle East tensions
Gold is continuing its uptrend as markets continue to price in more interest rate cuts from the Fed. Such cuts would make Gold, a non-yielding asset, more attractive. Rising tensions between Israel and Lebanon push up haven demand for the … [Continue reading]
Gold price jumps to fresh record highs as geopolitical risks boost safe-haven flows
Gold price trades in positive territory in Monday’s early European session. The US Fed rate cut and Middle East geopolitical risks continue to underpin the precious metal. The renewed US Dollar demand might cap the upside of the … [Continue reading]
GBP/USD weakens below 1.3350, UK/US PMI data in focus
GBP/USD trades on a softer note near 1.3310 in Monday's Asian session. Rising bet on further Fed rate cuts later this year might undermine the US Dollar. The preliminary September UK/US PMI data will be in the spotlight on Monday. The … [Continue reading]
Ripple lawsuit: Pro-crypto attorney says there was intentional misconduct by SEC lawyers
Ripple lawsuit may have ended, the XRP community continues to digest the developments with pro-crypto attorney John Deaton. Deaton says there was intentional misconduct by SEC lawyers and people should be fired for it. XRP erases 1% value … [Continue reading]
Solana rally to $160 likely, even as executives face off on whether the Solana Foundation should be dissolved
Solana Breakpoint crypto conference hosts Solana Executive Director and CEO of VC firm, leaders debate on future of the Foundation. Solana eyes nearly 9% gains, targets $160 level. SOL trades at $146.90 early on Sunday. Solana … [Continue reading]
Crypto scammer to pay $31 million to victims of fraudulent schemes according to US Court ruling
US district court judge orders an alleged crypto scammer to pay $31 million in restitution to victims of fraudulent crypto schemes. William Koo is required to pay an additional $5 million in civil monetary penalty. The Commodity Futures … [Continue reading]
Shiba Inu loses value as Shibarium adoption slows down, 8% decline likely
Shiba Inu dips by nearly 3% on Sunday, the meme coin trades at $0.00001466 at the time of writing. Shibaswap had $1 billion in cryptocurrencies staked at a time, total value locked is down to $15 million. Shibarium has noted a decline in … [Continue reading]