Category Archive: Finance, No picture
China Is Bailing Out Their Entire Banking System
Image Source: Unsplash While everyone – especially in Chinese and China-related stocks – get caught up in last month’s “stimulus” frenzy, the overlooked the only real news that came out of it. Very quietly, the country’s top bank regulator just casually mentioned the government was gathering a trillion yuan to “recapitalize” China’s biggest six banks. Yeah. […]
Bitcoin drops below $59K as Fed might pause rate cuts in November
Key Takeaways Bitcoin’s price fell below $59K after Fed’s rate cut pause hint. US inflation rose slightly above expectations in September. Share this article Bitcoin’s price fell below $59,000 on Thursday, slipping 4% in the past 24 hours, following remarks from Raphael Bostic, Atlanta Fed President, suggesting a potential pause in November rate cuts.Bitcoin price […]
Gold Price To Decline Based On Bond Yield Moves
Image Source: Unsplash Never question the authority. It doesn’t know either. The bond yields are declining, so gold must be going up – that is what we are hearing and reading over and over again.On numerous occasions, I emphasized that gold is most likely to move in the opposite to real yields, not nominal ones, but the […]
SEC charges Cumberland DRW for operating as unregistered crypto dealer
Key Takeaways Cumberland DRW allegedly operated without SEC registration in crypto transactions worth over $2 billion. The SEC’s lawsuit could lead to penalties, including disgorgement and civil penalties. Share this article The SEC has filed charges against Chicago-based Cumberland DRW, alleging the company operated as an unregistered dealer in crypto assets that were offered and […]
FTSE Flat In An Uninspiring Session, Despite A Pop In House Prices
Image Source: Pexels U.K. equities remained largely unchanged on Thursday, despite a closely monitored index of U.K. home prices turning positive for the first time in nearly two years, buoyed by expectations of further interest rate reductions by the Bank of England. The benchmark FTSE 100 index edged slightly lower -0.02% in a relatively subdued session.In […]
3 Mega-Cap Stocks For Long-Term Dividend Growth
Mega-cap stocks are defined as stocks with market capitalizations above $200 billion. As a result, there are certain advantages to buying mega-caps, such as the relative safety that comes with investing in the world’s largest businesses.Mega-cap stocks tend to generate steady profits during recessions, and many pay dividends to shareholders.These 3 mega-cap stocks have growth […]
The battle for the true Moo Deng
Key Takeaways Solana’s Moo Deng leads in market cap and trading volume. Ethereum’s Moo Deng gains traction with charity donations but lacks major exchange listings. Share this article In the world of meme coins, three distinct versions of the Moo Deng token, launched across the Solana, Sui, and Ethereum blockchains, are competing for dominance. Each […]
Uniswap debuts Ethereum L2 Unichain, UNI token surges 13%
Key Takeaways Uniswap Labs is building Unichain as the home for DeFi liquidity. Unichain will initially support Uniswap protocol versions V2 and V3. Share this article Uniswap’s native governance token, UNI, surged 13% to $8.13 after Uniswap Labs debuted Unichain, its new Ethereum layer 2 solution. UNI is now trading above $8, up approximately 12% […]
Ronin Network adopts Chainlink CCIP to strengthen cross-chain security
Key Takeaways Chainlink’s CCIP was selected by Ronin Validators to enhance bridge security. The integration process will support initial transfers between Ethereum and Ronin. Share this article Ronin Network announced today it has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to strengthen the security of the Ronin Bridge, enhancing the network’s cross-chain infrastructure.The adoption followed a […]
EUR/GBP Finds Temporary Support Near 0.8350 After ECB Accounts Release
The EUR/GBP pair discovers temporary support near 0.8350 in Thursday’s early North American session. The cross finds buying interest after the release of the European Central Bank (ECB) Monetary Policy Meeting Accounts for the September meeting. The minutes showed that policymakers expect inflation in Eurozone to rise again in the latter part of the year.ECB […]
