Category Archive: Cryptocurrency, No picture
Ethena debuts UStb stablecoin backed by BlackRock to complement USDe
Key Takeaways Ethena Labs’ new UStb stablecoin is fully backed by BlackRock’s BUIDL fund. The ENA governance token surged 14% following the UStb announcement. Share this article Ethena Labs, the startup behind the synthetic USDe dollar, has announced a new stablecoin called UStb that will be fully backed by BlackRock’s on-chain BUIDL fund. The move […]
A Believer – Manic Metals Report
Image Source: Unsplash While some people may be skeptical about the massive Chinese stimulus package copper is a believer. Copper is soaring in overnight trade hitting a 2 month high as electricity demand hits record in the US and the global demand for copper is getting too hard to ignore.Rising demand in the United States for […]
Revolut explores stablecoin launch while Robinhood rules out immediate plans
Key Takeaways Revolut is considering a stablecoin launch but has not made a final decision. Robinhood has no immediate plans to enter the stablecoin market. Share this article Revolut is considering launching its own stablecoin as part of its growing crypto product suite, according to a Bloomberg report. The fintech giant is reportedly evaluating its […]
Global Yield Curves Are Un-Inverting, Here’s What You Need To Know
Image Source: Pexels It’s not just USTs. Rates are falling all over the world faster in shorter maturities than long. That means a global wave of un-inversions and bull steepening right as more and more central banks plan to accelerate their own rate cutting. All of it for the same reason. Globally synchronized.Video Length: 00:18:20More By […]
Bitcoin breaks $65,000 level as US economy grows 3%
Key Takeaways Bitcoin’s value surged past $65,000 following a 3% US GDP growth report. Improvements in the US job market correlate with increases in Bitcoin prices. Share this article Bitcoin broke the $65,000 level, hitting a monthly high, after the US GDP growth rose to 3% from 1.6% last quarter, according to the BEA.In addition, […]
Impinj – A Leader In RFID Technology
Image Source: Unsplash Summary Impinj, Inc. is a leading RFID company with a 24.25% gain since the Trend Seeker buy signal on 9/9. The company operates a cloud connectivity platform, serving various industries with endpoint ICs, reader ICs, readers, gateways, software, and algorithms. Barchart’s technical indicators show 100% buy signals, a 239.50+ Weighted Alpha, and a […]
FTSE Fades Into The Close After Another Early China Stimulus Sugar Rush
Image Source: Pexels Mining stocks in the United Kingdom experienced a surge in value on Thursday, following China’s most recent commitment to additional policy measures, which fuelled optimism for a recovery in the world’s second-largest economy. However, these gains were somewhat restricted by a decline in oil-related stocks as black gold shed over 2% in early […]
SEC chair Gensler reaffirms Bitcoin is not a security
Key Takeaways SEC Chair Gary Gensler reaffirmed Bitcoin’s status as not a security. Gensler emphasized the need for strict regulations and trust for broader crypto acceptance. Share this article In a CNBC appearance today, SEC Chair Gary Gensler reaffirmed that Bitcoin is not classified as a security under SEC guidelines. Gensler pointed to the fact […]
Leveraged and short MicroStrategy ETPs debut in Europe
Key Takeaways Leverage Shares launches 3x leveraged and inverse MicroStrategy ETPs on London Stock Exchange. MicroStrategy holds 252,220 BTC, representing 1.2% of Bitcoin’s total supply. Share this article Exchange-traded product (ETP) company Leverage Shares announced the launch of a MicroStrategy ETP leveraged three times and an inverse ETP on the London Stock Exchange. One of […]
Oil Prices Keep Dropping: Saudi Arabia Shifts Away From $100 Target As It Aims To Reclaim Market Dominance
Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously pursued $100 per barrel price target.This decision could reshape the global oil market in the coming months as other producers and consumers adjust to […]
