Category Archive: Finance, No picture
China Is Spiraling Out Of Control (Everything You Need To Know)
Image Source: Unsplash Another update from top Chinese officials on the status of “stimulus” comes amidst a flurry of macro and banking data from the country. While many will claim the former cancels out the increasingly grim nature of the latter, the previous data still matters at the very least to describe the size of the […]
Metaplanet stock soars 15% after firm scoops another 106 BTC
Key Takeaways Metaplanet’s recent purchase of 106 BTC boosts its total holdings to over 855 BTC. The company’s stock surged 15% following the announcement of the Bitcoin acquisition. Share this article Metaplanet’s stock (3350.T) surged over 15% on October 15 (Asian time) after the company announced it added over 106 Bitcoin to its reserves. According […]
China’s Cobalt Supply Dominance By 2030
Chinese dominance over critical minerals used in technologies like smartphones, electric vehicles (EVs), and solar power has become a growing concern for the U.S. and other Western countries.Currently, China refines 68% of the world’s nickel, 40% of copper, 59% of lithium, and 73% of cobalt, and is continuing to expand its mining operations.This graphic visualizes […]
Global Net Gold Inflows Into Gold-Backed ETFs Positive For Fifth Straight Month
Image Source: Unsplash Led by North American funds, gold-backed ETFs reported net inflows of metal for the fifth straight month in September. Globally, ETFs reported a net 18.4-ton increase in gold holdings last month.Collectively, gold ETFs held 3,200 tons of gold as of September 30. A combination of gold inflows and rising gold prices raised the total assets […]
Welcome To The “Pain Trade” – Here’s What To Do About It
Image Source: Unsplash “What’s the pain trade, Brandon?” I can hear you ask. Well, it’s the trade that delivers the most amount of punishment to as many investors as possible.Get familiar with it.The market is grinding higher, satisfying pretty much nobody. The bulls are left wanting more, whereas the bears who were short the market (like […]
Netflix Has A Real Problem Ahead Of Its Q3 Earnings Report: Find Out More
Image Source: Unsplash Netflix Inc. (Nasdaq: NFLX) is confronting significant challenges ahead of its third-quarter earnings report, scheduled for October 17, according to Matt Belloni, a founding partner at the digital media company Puck.The streaming giant’s strategy of bypassing theatrical releases is becoming a substantial obstacle, as many top filmmakers still prefer their movies to be […]
Vitalik proposes lowering Ethereum validator threshold from 32 to 1 ETH
Key Takeaways Vitalik Buterin proposes reducing Ethereum’s validator threshold from 32 ETH to 1 ETH. The proposal includes a “single-slot finality” feature to speed up block confirmations. Share this article Ethereum co-founder Vitalik Buterin has proposed a significant update to Ethereum’s proof-of-stake consensus mechanism, suggesting that the validator lockup threshold be reduced from 32 ETH […]
Bitcoin rises 6% while whales send massive USDT inflows to Binance
Key Takeaways Bitcoin’s price surge to $66,000 coincides with significant USDT inflows from whales. Over $195 million in short positions were liquidated due to the price surge. Share this article Bitcoin’s price surged by 6%, reaching around $66,000, signaling bullish momentum as it broke past the key 200-day moving average of $63,350.Bitcoin Price Chart (TradingView)Over […]
How The November Election Could Impact Precious Metals Investors
Image Source: Unsplash Donald Trump is picking up steam in recent polling. Bullion investors are tuned into presidential politics, this year perhaps more than ever. They wonder what the November election might mean for markets.Absent some radical development, such as an assassination, either Trump or Harris will be president come January. Investors should prepare for either […]
Kamala Harris Hints At “Regulatory Framework” For Cryptocurrency
Image Source: Unsplash U.S. presidential candidate Kamala Harris appears to have indirectly expressed support for digital assets such as Bitcoin via a newly uploaded PDF document on her website.The nine-page document, uploaded to the Vice President’s website on Monday, is entitled “Opportunity Agenda for Black Men” and does not directly reference Bitcoin or similar decentralized currencies.However, the paper appears to […]
