Crypto exchange Coinbase has filed a response to the SEC's comment on its interlocutory appeal request. Coinbase initially requested an interlocutory appeal last month, seeking to know if securities laws appealed to crypto. ETH ETF and FIT21 … [Continue reading]
Polygon MATIC still in buy zone despite 11% rise
Over 81% of MATIC addresses are out of the money. ETH ETF approval expectations caused a spike in trading volume and large holder inflow. Retail investors must exercise caution as MATIC has a 60% whale concentration. Polygon (MATIC) on-chain signal … [Continue reading]
Gold gains today, still ends week down over 3%
Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March's revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate … [Continue reading]
United States Baker Hughes US Oil Rig Count unchanged at 497
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]
Solana and XRP ETFs may be on the cards in 2025, Standard Chartered analyst says
Ethereum ETF approval may open the floodgates to assets like Solana and XRP that may receive approval for ETFs in 2025. Standard Chartered analysts say that cryptocurrencies like Solana and XRP will not be classified as securities. SOL … [Continue reading]
USD/CAD falls toward 1.3700 as US Dollar offers gains ahead of economic data
USD/CAD halts its winning streak ahead of Canadian Retail Sales and US Consumer Sentiment due on Friday. The US Dollar edges lower due to a downward correction in US Treasury yields. Lower WTI price puts pressure on the commodity-link Canadian … [Continue reading]
USD/INR weakens as India sees strong growth in business
Indian Rupee gains ground despite the firmer USD on Friday. India’s flash PMI showed a robust expansion in May, boosting the INR. US Durable Goods Order, Michigan Consumer Sentiment Index report, and speech from Fed’s Waller are the … [Continue reading]
Japan National CPI ex Fresh Food (YoY) meets expectations (2.2%) in April
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 reclaims $3,800, lawmakers urge SEC Chair to approve ETH ETF
Ethereum ETFs will likely be approved as US lawmakers have urged SEC Chair to give the green light. SEC Chair refused to comment when asked to give a preview on spot ETH ETF decision on Thursday. Ethereum may rally more than Bitcoin did if SEC … [Continue reading]
Mexican Peso gives up gains against USD following US PMI beat
The Mexican Peso gives up its gains versus the USD following the release of US PMI data for May. The data shows both Manufacturing and Services sectors expanded more than analysts had expected. USD/MXN threatens to reverse the trend after … [Continue reading]