Archives by Month:

Archives by Year:

Paxos launches Lift Dollar, a rebased yield-generating stablecoin

Paxos launches Lift Dollar, a rebased yield-generating stablecoin

Paxos, has introduced a new stablecoin called Lift Dollar (USDL) through its UAE-based entity, Paxos International. USDL is designed to generate yield for its holders, offering a programmatic daily rate of around 5%, which is aligned with returns on US Treasury bonds.The stablecoin is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi […]
A Fed Rate Cut In July Despite Market View Of 18.5 Percent Chance

A Fed Rate Cut In July Despite Market View Of 18.5 Percent Chance

Market odds courtesy of CME Fedwatch, annotations by MishThe June Fed meeting is a week from now, June 12. The market view is a 99.7 percent chance of no change with a 0.3 percent chance of a hike.10 Reasons Why a Rate Cut in July In general, data is weakening across the board. Real disposable […]
3 Top Cryptos Worth Holding Beyond Bitcoin And Ethereum

3 Top Cryptos Worth Holding Beyond Bitcoin And Ethereum

Image courtesy of 123rf.comAmong thousands of cryptocurrencies, it is clear that Bitcoin (BTC) and Ethereum (ETH) took the public spotlight and are likely to take more capital inflows in the future. So much so that even Ethereum is poised to become an institutional investment vehicle via exchange-traded funds (ETFs), joining Bitcoin.Out of a total $2.63 trillion market cap, […]
S&P And Nasdaq Gain Amid Strong Services PMI; Dow Falls As Traders Digest Economic Data

S&P And Nasdaq Gain Amid Strong Services PMI; Dow Falls As Traders Digest Economic Data

The S&P 500 rose by 0.5% and the Nasdaq soared by more than 1%, while the Dow Jones Industrial Average moved into negative territory, losing 60 points. This mixed market response comes as traders digest key economic data, including a surprisingly high growth in the ISM Services PMI and weaker-than-expected job numbers from the ADP […]
SEC Chairman Gensler weighs in on approving more token ETFs

SEC Chairman Gensler weighs in on approving more token ETFs

SEC’s Chairman Gary Gensler was questioned today on CNBC’s Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the show’s hosts, highlighted how multiple tokens registered millions in trading volume “this very morning,” and questioned […]
Crypto Market Cap Rises 1.7%, Reaching $2.61 Trillion

Crypto Market Cap Rises 1.7%, Reaching $2.61 Trillion

Image Source: Unsplash Digital assets have experienced a wave of positive sentiment this week, with cryptocurrencies like Ripple and Solana seeing slight inflows. These movements align with a broader upward trend among top coins, as Bitcoin (BTC) reaches a new milestone of $70,000. This surge can be attributed to a shift in market sentiment, with crypto enthusiasts making […]
SMCI Stock Price Analysis: Is Super Micro Computer A Bargain?

SMCI Stock Price Analysis: Is Super Micro Computer A Bargain?

Image Source: Unsplash The Super Micro Computer (Nasdaq: SMCI) stock price has lost steam in the past three months as concerns about its growth continues. It has plunged by over 37% from its highest level this year, meaning that it is in a deep bear market. In contrast, Nvidia remains at an all-time high, giving it […]
American Superconductor: Chart Analysis

American Superconductor: Chart Analysis

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for AMSC.  Video Length: 00:02:41More By This Author:ProShares Bitcoin Strategy ETF Chart Analysis How To Interpret Market Sentiment Arm Holdings – Chart Analysis
One More Thing About The April JOLTS Report: Hiring And Quitting Remain Very, Very Good

One More Thing About The April JOLTS Report: Hiring And Quitting Remain Very, Very Good

I’ll write about today’s ISM non-manufacturing report later, but first I wanted to follow up with several more graphs based on yesterday’s JOLTS labor report for April. Basically, I didn’t want to leave the impression that the labor market was in any way sub-par based on those numbers.With that in mind, below are two graphs. […]
Now It’s A Slowdown

Now It’s A Slowdown

Inflation, inflation, inflation. Jobs, jobs, jobs. That’s all we’ve heard all year. Yet, this week the narrative seems to have changed to a slowdown. Is it the elusive “soft landing” so many positioned for in 2024? Is it recession? For now, it seems like just chatter and drivel without hard data backing it up.Let’s take […]