Share: Solana-based DeFi application Clockwork will be winding down its nodes on the mainnet by October 31. Clockwork developers cited the same reason as NFT protocol Cardinal for shutting down - lack of commercial upside. The DeFi market’s … [Continue reading]
EUR/USD: Euro bulls approach 1.0850 as US Dollar traces softer yields, focus on German/US statistics
Share: EUR/USD edges higher after snapping two-day downtrend at 11-week low. Euro ignores German exporters’ pessimism amid hawkish comments from French FinMin. US Dollar fails to extend Jackson Hole inspired gains as traders await top-tier … [Continue reading]
NZD/USD rises above 0.5900, bears still in command
Share: NZD/USD rose back above 0.5900, displaying nearly 0.20% gains. The USD DXY and US yields are retreating after sharply rising on Friday following Powell’s speech. Eyes on labour market and economic activity figures from the US. On … [Continue reading]
USD Index Price Analysis: Further upside could retest 104.70
Share: DXY trims part of the recent two-day advance. Bulls remain focused on the May high in the 104.70 zone. DXY comes under pressure and confronts the key support at the 104.00 region at the beginning of the week. Immediately to the upside turns … [Continue reading]
Australia: Retail Sales rebound, but underlying momentum is weak – ANZ
Share: Analysts at Australia and New Zealand Banking Group (ANZ) provide their afterthoughts on the Australian monthly Retail Sales data. Key quotes “Retail sales came in stronger than expected, rising 0.5% m/m in July. Though this was not enough to … [Continue reading]
EUR/JPY extends its upside above the 158.30 area, eyes on Eurozone CPI, ECB meeting minutes
Share: EUR/JPY gains momentum above the 158.30 area, supported by the European Central Bank (ECB) hawkish comments. ECB President Lagarde would set rates at restrictive levels to achieve inflation to the target of 2%. Japanese policymakers said … [Continue reading]
USD/CHF retraces from a multi-week high, holds above 0.8840, eyes on Swiss CPI/ US NFP
Share: USD/CHF holds below the mid-0.8800s after retreating from a multi-week high of 0.8876. Fed Chairman Jerome Powell said they are prepared to raise interest rates further, if necessary. Chinese authorities would reduce the 0.1% duty on stock … [Continue reading]
Solana total value locked and transactions recover, likely to catalyze SOL price recovery
Share: Solana network’s total value of assets locked in the blockchain, climbed 50% since the beginning of 2023. The volume of transactions on the SOL blockchain has climbed consistently since the FTX debacle in November 2022. SOL price … [Continue reading]
Binance CEO CZ says phishing attacks are targeting FTX, BlockFi, Genesis users after recent Kroll data leak
Share: Binance CEO, Changpeng Zhao, noted that a new round of phishing attacks are targeting users of bankrupt platforms. The data breach at the financial and risk advisory firm resulted in a leak of user data, resulting in the phishing … [Continue reading]
Curve Finance’s Michael Egorov proposes transaction fee of core crvUSD pools be doubled for higher CRV income
Share: Curve Finance CEO, Michael Egorov, initiated a governance proposal suggesting transaction fee rate of crvUSD pools be doubled from 0.01% to 0.02%. If transaction volume remains same, Curve is likely to generate higher income, while … [Continue reading]