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Bitfinex takes crypto to hedge funds and trading desks through Hidden Road partnership

Bitfinex takes crypto to hedge funds and trading desks through Hidden Road partnership

Crypto exchange Bitfinex has partnered with the global credit network Hidden Road to broaden institutional access to digital assets. Institutional investors connected with Hidden Road will now be able to access Bitfinex’s digital asset offerings. “I am thrilled to welcome Hidden Road and their customer base to the most resilient digital assets exchange platform on […]
The CPI Report Supports Rate Cuts Later This Year

The CPI Report Supports Rate Cuts Later This Year

The Fed got good news yesterday, with the headline CPI coming in at 0% for the month. More importantly, core CPI rose by +.16% versus expectations of +.30%. That brings the year-over-year core CPI rate to 3.4%, a tenth below expectations. Excluding shelter costs, accounting for 40% of CPI, core CPI, also called “super core,” […]
Polygon ID spins off from Polygon Labs, rebrands as Privado ID

Polygon ID spins off from Polygon Labs, rebrands as Privado ID

Polygon Labs revealed today the spin-off of its blockchain-based digital identity solution Polygon ID to Privado ID. According to the announcement, the spin-off aims to cater to the increasing demand for digital identity solutions that integrate both on-chain and online data. Privado ID is a protocol-agnostic framework, built on the foundations of the Iden3 Protocol […]
Fed Policy Deaf To Entrenched Disinflationary Readings

Fed Policy Deaf To Entrenched Disinflationary Readings

Lower-than-expected inflation initially priced the Fed’s first cut sooner. The fall in durable and discretionary inflation advertises the efficacy of the Fed’s tighter policy. Persistently high nondiscretionary inflation also has had a hand in cutting purchasing power and generating a drag on discretionary demand. Travel pricing has capitulated in 2024. Moreover, rental disinflation is well […]
The Latest News On America’s 10 Largest Semiconductor Companies

The Latest News On America’s 10 Largest Semiconductor Companies

Image Source: Pexels  The top 10 largest U.S. headquartered semiconductor companies are listed below in descending order as to their market capitalizations, along with their company descriptions, their stock performances YTD, and articles on their latest news. Nvidia (NVDA): UP 151% YTD Company Description:  provides graphics and compute and networking solutions  Market Capitalization: $3T Latest News: […]
EUR/JPY Price Analysis: The Key Resistance Level Is Located Near 170.00

EUR/JPY Price Analysis: The Key Resistance Level Is Located Near 170.00

The EUR/JPY cross gathers strength around 169.75 during the early European session on Thursday. The uncertainty that the Bank of Japan (BoJ) will announce a reduction in monthly government bond purchases amid a weaker economy continues to undermine the Japanese Yen (JPY) and create a tailwind for EUR/JPY. Market players await the Bank of Japan […]
BTC/USD Forex Signal: Bitcoin Looks For Direction After The FOMC

BTC/USD Forex Signal: Bitcoin Looks For Direction After The FOMC

Bullish view Buy the BTC/USD pair and set a take-profit at 71,845. Add a stop-loss at 67,430. Timeline: 1-2 days.  Bearish view Set a sell-stop at 68,000 and a take-profit at 66,000. Add a stop-loss at 70,000. Bitcoin price rebounded after the weak US inflation data and then erased some of those gains after the […]
Bitcoin Sees Bullish Predictions During Longest Consolidation Period

Bitcoin Sees Bullish Predictions During Longest Consolidation Period

Bitcoin has entered its longest consolidation period, currently 92 days, according to analysts. This could be followed by a notable surge in prices based on past trends.Consolidation periods typically mean lower trading volumes and reduced volatility. This is often preceded by notable growth in terms of price. Consolidation leads to price surge According to crypto analyst Mags, […]
Nasdaq 100 Commentary – Thursday, June 13

Nasdaq 100 Commentary – Thursday, June 13

US CPI Cools AgainUS stocks have broken out to fresh record highs today on the back of yesterday’s US CPI and FOMC double-event. Annualised CPI was seen cooling for a second month in a row to 3.3%, down from 3.4% prior and expected. The US Dollar fell sharply initially as traders ramped up near-term easing […]
The US Fed Has Planned Only One Rate Cut This Year And Four Cuts In 2025

The US Fed Has Planned Only One Rate Cut This Year And Four Cuts In 2025

Image source: Wikipedia  At Wednesday’s close, the Dow Jones Index (US30) decreased by 0.09%, while the S&P 500 Index (US500) added 0.85%. The Nasdaq Technology Index (US100) closed positive at 1.53%. Meanwhile, the S&P 500 (US500) and Nasdaq (US100) indices made new highs.As expected, the FOMC kept the target range for the federal funds rate unchanged at 5.25%–5.50% and said it would not cut rates […]