Grayscale has recorded the first inflow, reaching $63 million after seventy seven consecutive outflow days. Spot BTC ETFs had a net inflow of $378.5 million, marking the largest influx in two months. Bitcoin price has nicked $63K threshold amid … [Continue reading]
MAVIA, HFT, EUL, GAL holders brace for volatility ahead of $55million worth of cliff token unlocks next week
Heroes of Mavia, Hashflow, Euler and Galxe networks have cliff token unlocks lined up next week. MAVIA, HFT, EUL and GAL tokens worth millions will be unlocked in a cliff event. Token holders should brace for volatility as unlocks are typically … [Continue reading]
LayerZero drops deadline for sybil farmers to “self-report”
LayerZero protocol has ordered sybil farmers to self-report their addresses before May 17. Those who comply will receive 15% of their allocation, while those who don't will receive nothing. Zach Rynes reacted to the post by LayerZero, explaining … [Continue reading]
Ethereum bulls may be returning despite Michael Saylor’s ETH criticism
Michael Saylor says that Ethereum is a crypto asset security and spot ETH ETFs won't be approved. ETH short liquidations have increased more than long in the past 24 hours. Recent price data indicates Ethereum could see a weekend rally. Ethereum … [Continue reading]
Dow Jones Industrial Average climbs over 400 points on volatile NFP Friday
Dow Jones gains 400-plus points as investors raise bets on rate cuts. US data broadly softer on key labor print. Tech stocks dragging Dow Jones higher. The Dow Jones Industrial Average (DJIA) climbed 1.15% on Friday after a broad miss from US … [Continue reading]
Breaking: US Nonfarm Payrolls rise 175,000 in April vs. 238,000 forecast
Nonfarm Payrolls (NFP) in the US rose 175,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 315,000 increase (revised from 303,000) recorded in March and came in below the market expectation of … [Continue reading]
Mexican Peso appreciates as Fed-inspired good mood continues
The Mexican Peso edges higher in most pairs on an upbeat market mood. Investors are relieved the Fed did not suddenly change course and threatened to raise interest rates at its May meeting. Mexico S&P Global Manufacturing PMI data … [Continue reading]
AUD/JPY edges lower amid alleged intervention by Japanese authorities
AUD/JPY depreciated as JPY continued to gain ground amid possible market intervention by Japanese authorities. Japan's vice finance minister for international affairs, Masato Kanda, declined to comment on whether Japan had intervened in the market. … [Continue reading]
Iran may be funding terrorist operations through revenue from Bitcoin mining, says US lawmakers
Bitcoin mining in Iran produced a possible $1 billion in revenue in 2021. Iran has used crypto to evade sanctions and fund terrorist groups, claims Senators Warren and King. Senators Warren and King want the Biden administration to outline steps … [Continue reading]
Canadian Dollar gains ground as market recovery steepens on Thursday
Markets recovering from Wednesday’s Fed showing. Canada data prints low-tier on Thursday, but BoC’s Macklem makes second appearance. US NFP Friday looms ahead, economic calendar moderate until then. The Canadian Dollar (CAD) is recovering ground … [Continue reading]