Share: Arbitrum price corrected by 5% in the past few hours after registering a 22.5% increase in the last 24 hours. The development team proposes the ArbOS Version 11 AIP, which would make the chains EVM Shanghai compatible. Earlier this week, the … [Continue reading]
Ripple CEO calls out SEC Chair’s hypocrisy for saying crypto space is non-compliant
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]
Optimism price skyrockets by 37% in a day as it onboard first L2 network to its Superchain
Share: Optimism price marked fresh 2023 highs before the year ends with a 37% rise in 24 hours. The rally resulted in the liquidation of $4 million worth of shorts contracts. Optimism onboarded the first layer-2 chain Lisk to its Superchain … [Continue reading]
XRP price notes sideways momentum as bullishness declines despite downtrend breakout
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]
BlackRock plans to seed its spot Bitcoin ETF with $10 million; could launch shortly after approval
Share: BlackRock, according to a new prospectus, seems to be seeding the spot Bitcoin ETF with $10 million. The expected seeding set for January 3 is 100 times larger than the October seeding of $100,000. BlackRock submitted an updated filing on … [Continue reading]
Polkadot Price Prediction: DOT likely to crash 10% with history likely on repeat mode
Share: Polkadot price breached the $7.396 level, which has historically proved to be formidable, going back to 2022. DOT could drop 10% amid selling pressure due to the aforementioned level, potentially revisiting the $7.000 psychological level. … [Continue reading]
Mexican Peso taps multi-month high in faltering broad-market Greenback selloff
Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
Mexican Peso taps multi-month high in broad-market Greenback selloff
Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
AUD/USD extends its rally beyond 0.6800 awaiting US PCE data
Share: The Aussie rallies further on USD weakness and hits fresh highs above 0.6800. The US Dollar languishes at multi-month lows ahead of the US PCE Inflation data. The Aussie will be one of the best performers in 2024 – ING. The Australian … [Continue reading]
USD/INR: Forecast at 83.50 by 1Q2024 and 82.00 by end-2024 – MUFG
Share: Economists at MUFG Bank are cautious on INR in the near-term, but see scope for USD/INR to fall over the longer-term Cautious near-term before bond index inclusion flows kick in We remain cautious on INR in the near-term and forecast USD/INR … [Continue reading]