Category Archive: Cryptocurrency, No picture
Microsoft may be open to Ethereum ETF with staking, VanEck head of crypto research speculates
Key Takeaways Microsoft is potentially interested in exploring crypto investments like spot Ethereum ETFs with staking. Currently, US Ethereum ETFs lack staking features due to SEC regulatory concerns. Share this article Microsoft has rejected a Bitcoin investment proposal, but the company may be open to exploring other crypto investment opportunities. VanEck’s head of digital assets […]
Trump: ‘We’re going to do something great with crypto’ as he rings the NYSE bell
Key Takeaways Trump: ‘We’re going to do something great with crypto’ during NYSE bell-ringing. Trump claims US must double energy production to lead in AI during NYSE event. Share this article Donald Trump rang the opening bell at the New York Stock Exchange Thursday, celebrating his election victory and unveiling plans to cement the US’s […]
Avalanche secures $250M in funding round led by Galaxy Digital, Dragonfly, and ParaFi Capital
Key Takeaways Avalanche Foundation raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. Avalanche plans to launch ‘Avalanche9000’, reducing deployment costs with a subscription-based fee model. Share this article Avalanche Foundation has closed a $250 million funding round led by Galaxy Digital, Dragonfly, and ParaFi Capital, Forbes reported Thursday. […]
Australia’s big super fund allocates $27 million to Bitcoin: report
Key Takeaways AMP allocated $27 million to Bitcoin, marking Australia’s first super fund investment in the digital asset. The Bitcoin investment aims to enhance returns and manage risk as part of AMP’s diversification strategy. Share this article AMP has become Australia’s first superannuation fund to invest in Bitcoin. The company confirmed Thursday it had allocated […]
Ciena Corporation Fails To Meet Expectations In Fiscal Q4 Results
Image Source: Unsplash Ciena Corporation (NYSE: CIEN) recently released its unaudited financial results for the fiscal fourth quarter ending November 2, 2024. The company reported a revenue of $1.12 billion, which shows a slight decrease from the $1.13 billion recorded in the same period the previous year.Despite this minor drop, Ciena’s president and CEO, Gary Smith, emphasized the […]
Multiple Data Points To Go Before A Santa Claus Rally
Photo by Jesson Mata on Unsplash Equity futures point to the stock market giving back some of its post-November Consumer Price Index (CPI) report pop this morning. Whether those futures turn around may hinge on the data found in this morning’s November Producer Price Index (PPI) report, which is expected to show core PPI for the month tick […]
AUD/USD Rebound Halts At 0.6425 And Keeps The Bearish Trend Intact
The Australian Dollar accelerated its rebound from year-to-date lows following stronger-than-expected Australian employment data seen earlier today. The pair, however, has met resistance at 0.6430. which keeps the broader negative trend intact. Australian employment showed a net increase of 36.6K in November, well above the 25K forecasted by the market and also above the downwardly […]
Daily Market Outlook – Thursday, Dec. 12
Image Source: Unsplash Asian markets climbed on Thursday, spurred by a tech-driven rally on Wall Street, as an expected U.S. consumer inflation report strengthened predictions of a Federal Reserve interest rate cut next week. Japan’s Nikkei index surpassed 40,000 for the first time since mid-October, supported by gains in the chip sector. The yen’s decline also […]
Two Trades To Watch: EUR/USD, GBP/USD Forecast – Thursday, Dec. 12
Image Source: Unsplash EUR/USD looks to the ECB rate decision ECB is likely to cut rates by 25 bps The focus will be on rhetoric and staff projections US PPI & jobless claims are due EUR/USD trades between 1.05 – 1.06 EUR/USD steadies above 1.05 after 4-days of losses, amid USD weakness and ahead of the […]
Oil Prices Rise As OPEC Cuts Demand Forecasts; Will The Gains Last?
Image Source: Unsplash Oil prices have risen sharply this week despite OPEC scaling down its outlook for growth in global oil demand. Commerzbank said that the rise in China’s oil imports in November does not signal a revival in demand. OPEC cut its forecasts for global oil demand growth in 2024 and 2025 for the […]
