Category Archive: Cryptocurrency, No picture
Bitcoin jumps close to $61,000, then pulls back after Fed’s rate cut
Key Takeaways Bitcoin and S&P500 both increased following the Fed’s rate cut. The crypto market cap increased by over 3% in the last 24 hours. Share this article Bitcoin (BTC) experienced a sudden increase, approaching $61,000 shortly after the Federal Reserve (Fed) lowered US interest rates by 0.5%, its first cut in over 4 years. […]
‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs
Image Source: Pexels Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their ‘DOTS’ expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower inflation.And all this two months before the election… amazing! Amazing what an 818K […]
Ethena Labs suffers frontend attack, confirms protocol remains unaffected
Key Takeaways Ethena’s frontend compromise has led to significant user risk. The protocol’s USDe token is backed by crypto assets and futures. Share this article Ethena, a synthetic dollar protocol built on Ethereum, has suffered a frontend compromise, prompting warnings for users to avoid interacting with its user interface or links. News of the compromise […]
Softs Report – Wednesday, Sep. 18
COTTON General Comments: Cotton was lower yesterday on ideas that the Monday rally was overdone. There are still ideas of weaker demand potential against an outlook for improved US production in the coming year. There have been demand concerns about Bangladesh and China and ideas are that production is strong enough. The Delta should have […]
In The Fed’s Hands – Manic Metals Report
Image Source: Unsplash How Much Power does the Fed have over Gold and Metals? We will find out! Gold prices are hovering near record highs and are pausing the head of today’s most important Federal Reserve decision.The world and the market seem to be fixated on whether the Federal Reserve will cut interest rates by quarter […]
FTSE Investors Cautious As Fed Decision On Deck Ahead Of BoE
Image Source: Unsplash Investors are cautious ahead of a highly anticipated yet uncertain Federal Reserve policy decision later today, and British stock indexes declined on Wednesday, following a broadly in-line inflation report. The blue-chip FTSE 100 and an index of midcap equities were both down 0.4%. On Tuesday, both indexes had reached their highest point since […]
Cencora pays $75 million in Bitcoin in the largest known case of ransomware attack
Key Takeaways Cencora paid $75 million in Bitcoin, the largest known cyber extortion payment to date. The healthcare sector is increasingly targeted for high-value ransomware attacks. Share this article Cencora Inc., a major drug distributor, paid $75 million in Bitcoin (BTC) to hackers following a ransomware attack, marking the largest known cyber extortion payment to […]
Chromia unveils $20 million data and AI fund, plans Asgard upgrade
Key Takeaways The fund will foster data cleaning and automation in the blockchain industry. The Asgard mainnet will introduce Extensions, customized chains bringing new functionalities to the platform. Share this article Chromia, a layer-1 relational blockchain, has announced a $20 million Data and AI Ecosystem Fund and the upcoming ‘Asgard’ Mainnet Upgrade at TOKEN2049 Singapore. […]
US Dollar May Find Temporary Respite If Fed Opts For 25 Bps Cut
The US dollar index was trading lower in the early European trade, giving back some of its gains from Tuesday. This meant that the EUR/USD was trading modestly higher. FX markets are now likely to remain in a holding pattern until the Fed’s rate decision, which is set for 19:00 BST (14:00 ET) with Powell’s […]
Bitwise CIO highlights BTC as key risk-on asset as ETF inflows surge amid 50bps rate cut possibility
Key Takeaways Bitcoin ETFs recorded $502 million in inflows over four trading days amid Fed rate cut speculation. Fidelity’s FBTC led recent inflows with $175.3 million, outpacing other major ETF providers. Share this article Spot Bitcoin exchange-traded funds (ETF) registered inflows for the fourth consecutive day, as the market considers the possibility of a 50 […]
