Ethereum Dencun upgrade resulted in a significant decline in Layer 2 gas costs, driving higher on-chain activity to these protocols. Transactions climbed to nearly 32 million per week on Arbitrum, Optimism and Base. Prices of Layer 2 … [Continue reading]
Solana scrambles to patch failed transactions on its chain, crushed under rising user activity
Solana co-founder defended the rate at which transactions are failing on the SOL blockchain. Co-founder Raj Gokal says that world class engineering teams are working to push fixes to the SOL chain. Solana has seen a surge in new addresses and … [Continue reading]
Coinbase sees revival of class action lawsuit filed by consumers alleging illegal contracts
The 2nd US Circuit Court of Appeals reversed a ruling that dismissed a class action lawsuit against Coinbase. The proposed lawsuit seeks damages from the sale of 79 digital assets. Coinbase CLO applauds the Second Circuit for confirming that … [Continue reading]
Colombia Consumer Price Index (YoY) above expectations (7.34%) in March: Actual (7.36%)
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]
Colombia Consumer Price Index (MoM) came in at 0.7%, above expectations (0.67%) in March
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]
Bitcoin price tags $69K as BlackRock enhances Wall Street’s presence in BTC market
Bitcoin price remains above the November 2021 supply zone, extending from $58,375 to $65,518. BlackRock has expanded its list of authorized participants, drawing more players in the BTC ETF market. BTC’s 60-day correlation with altcoins has fallen to … [Continue reading]
Gold hits new all-time high amid solid US jobs data, geopolitical tensions
Gold hits record highs, defying US Nonfarm Payrolls spike and US Dollar gains, highlighting safe-haven status. Fed rate cut outlook adjusted after employment data, central bank remarks. Geopolitical tensions and strong demand from China bolster … [Continue reading]
GBP/USD Weekly Forecast: Pound Sterling struggles on fresh US Dollar strength
The Pound Sterling rebounded from seven-week lows against the US Dollar. GBP/USD recovery set to fade heading into the US inflation week. The Pound Sterling still targets 1.2400, as the daily RSI remains below 50.00. The Pound Sterling (GBP) failed … [Continue reading]
XRP price ranges below $0.60 despite Ripple stablecoin launch announcement
Ripple announced plans to release a USD-backed stablecoin on the XRPLedger and Ethereum blockchains in 2024. Ripple’s move is aimed at boosting the utility and liquidity on the XRPLedger, however XRP price continues to decline. XRP price is … [Continue reading]
USD/CAD gains traction above 1.3560, focus on US and Canadian labour market data
USD/CAD trades in positive territory for the second consecutive day around 1.3565 in Friday’s early European session. Fed’s Barkin noted disinflation is likely to continue, but the pace of that remains unclear. Canada’s trade surplus widened to … [Continue reading]