Tornado Cash developer Roman Storm’s motion to dismiss a criminal indictment received pushback from the US DOJ. The US Department of Justice charged two developers with conspiracy to commit money laundering, operating an unlicensed money … [Continue reading]
Nearly $450 million worth of tokens unlock to look forward to this weekend and into next week
Yield Guild Games and SingularityNET have small volumes of cliff unlocks this weekend, setting the tone for next week. MEME, DYDX, OP, PRIME, SUI, and ENA tokens worth millions are due for cliff unlocks next week. Token holders should brace for … [Continue reading]
BRETT, a Base meme coin, drops 47% amid FUD that insiders hold majority of supply at launch
Base meme coin BRETT has dropped nearly 50% from its peak price and 34% in 24 hours. Reports of insiders holding over 81% of supply at launch provoked sell-off. BRETT market exploded from $2 million to $850 million in record time but has dropped to … [Continue reading]
Bitcoin Price Outlook: A revisit of $52k is highly likely to shake weak hands before next leg up for BTC
Bitcoin price is trading within a range with expectations of a sideways weekend before eventful week starting Monday. Hong Kong BTC and ETH ETFs to start trading on Monday before Fed meeting next week. In past cycles, BTC has dropped 20% to 25% as … [Continue reading]
Bitcoin price is range-bound, but retrace below $60K seems likely
Bitcoin price is trading within a range with expectations of a sideways weekend before eventful week starting Monday. Hong Kong BTC and ETH ETFs to start trading on Monday before Fed meeting next week. In past cycles, BTC has dropped 20% to 25% as … [Continue reading]
Gold Weekly Forecast: Strength of $2,300 support is an encouraging sign for bulls
Gold fell sharply on Monday but recovered a portion of its losses in the second half of the week. XAU/USD remains technically bullish despite closing the week in the red. The Fed’s monetary policy announcements and US jobs data could impact Gold’s … [Continue reading]
Mexican Peso declines in key pairs on inflation outlook
The Mexican Peso falls against major peers as inflation outlook in US, Europe and UK remains stickier than expected. This will probably lead to interest rates remaining higher for longer providing support to MXN’s counterparts. USD/MXN’s … [Continue reading]
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand. A positive risk tone further contributes to … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1056 vs 7.1058 previous
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]
Canadian Dollar stumbles on Thursday after mixed US data flummoxes markets
Canadian Dollar trapped near familiar levels, gives mixed performance. Canada absent from the economic calendar until next week’s GDP. US GDP comes in soft, but PCE hints at still high inflation. The Canadian Dollar (CAD) spread on Thursday, giving … [Continue reading]