Share: Former Binance.US CEO Brian Brooks has advocated for stablecoin regulation, saying it is “good for dollar adoption globally.” He says the US government allowing dollars to back stablecoins in a regulated way would increase demand for USD. … [Continue reading]
Ethereum price hovers around equilibrium as ETH future-based ETF filings await October verdict
Share: Ether volatility remains shallow, with the first potential catalysts as far as October. Ethereum price oscillates along the equilibrium level of $1,849, bound to BTC and the broader market lull. The lack of impulse comes as the ETF … [Continue reading]
FOMO drives Shiba Inu price 15%, triggers $23 billion spike in open interest ahead of Shibarium deployment
Share: Shiba Inu price is up 15% in two days, aggregating to an 80% climb since mid-June. The rally comes after the SHIB team shared a vague message on Crypto X, triggering a wave of FOMO. As traders and investors anticipate a big … [Continue reading]
AAVE price stabilizes at $66 as whales pick up retail investor’s 300,000 AAVE dump
Share: AAVE price, after crashing by 15% at the beginning of the month, has recovered very little of the losses witnessed. Whale addresses have been noted accumulating AAVE adding $20 million worth of tokens in the last three days. AAVE holders’ … [Continue reading]
SEC wants institutions to prove Bitcoin is not a ‘manipulated’ asset class, as spot BTC ETF decisions delay
Share: With multiple citings of the word 'manipulation' in the SEC's release, experts add this factor to the list of criteria for approval. Nevertheless, considering BTC is an international asset, manipulation may be inevitable if not in the US … [Continue reading]
Litecoin price rallying by 12% could undo the $1 billion worth of damages caused by halving
Share: Litecoin price is currently trading under the key support levels of 50,100 and 200-day EMA. Over 13.36 million LTC lost their profitability to the 12% crash of August 2 after LTC rewards were halved. Retail investors have once again become … [Continue reading]
United States CFTC Oil NC Net Positions: 255.9K vs 241.9K
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]
USD/CAD loses ground after hot PPI data from the US
Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. … [Continue reading]
Gold Price Forecast: A break of the $1,900 level could trigger a fresh sell-off – ANZ
Share: Gold price fell to $1,920 after rising towards $1,980 in July. Economists at ANZ Bank analyze XAU/USD technical outlook. In a bearish trend The technical chart shows a broad bearish trend is continuing, with Relative Strength Index (RSI) … [Continue reading]
Silver Price Analysis: XAG/USD hangs near one-month low, seems vulnerable to slide further
Share: Silver struggles to gain any meaningful traction for the second straight day on Friday. The technical setup supports prospects for an extension of a multi-week downtrend. Attempted recovery is likely to remain capped near the $23.30 support … [Continue reading]