Category Archive: Cryptocurrency, No picture
Polymarket’s presence overshadows BET despite strong debut
Key Takeaways BET reached $20 million daily volume but Polymarket maintains market dominance. Crypto prediction markets saw 740% volume growth and 1,500% user growth in 2024. Share this article Solana-based prediction market BET surpassed $20 million in daily volume on Aug. 29 but failed to sustain the volume spike the following day. Meanwhile, Polymarket is […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Aug. 30
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.0%. Excluding the energy sector, the Y/Y earnings estimate is 13.8%. Of the 493 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.3% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.5%. If the energy sector is […]
Blockchain payments are already cutting costs and streamlining settlements – Binance Research
Key Takeaways Blockchain-based remittances settle within an hour, outperforming traditional methods. Solana processes about 1,000 TPS, while Visa has a capacity of over 65,000 TPS. Share this article Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, […]
Shiba Inu Price Prediction 2024 – 2030: Will SHIB Price Hit $0.00005 This Bull Run?
With increasing volatility in the crypto market, the meme coins are ready to spearhead the next bull run in the altcoins. However, the second biggest meme coin, Shiba Inu, shows a volatile price range and massive movement on either side.The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will […]
Dogecoin Flashes Bullish Signal As Elon Musk, Tesla Wins Manipulation Case
In a significant legal victory for Elon Musk and Tesla, a US district court judge has dismissed a $258 billion lawsuit alleging that the tech mogul and his company manipulated Dogecoin (DOGE) price.The ruling, which came on August 30, 2024, signals a shift in the dynamics surrounding the popular meme coin, impacting its market trajectory […]
EUR/JPY Rises After Eurozone Inflation Data Lands As Forecast
EUR/JPY is trading a quarter of a percent higher at just above 161.00 on Friday, after the release of Eurozone inflation data for July met economists’ expectations. Lower-than-expected German and Spanish inflation released prior to the region-wide figure, on Thursday, had set the scene for a similar below-expectations fall in Eurozone-wide inflation. However, this was not in the […]
Mother Of All Housing Bubbles
Image Source: Unsplash America’s bubblicious economy will soon hit another milestone of sorts—-the $50 trillion mark with respect to the market value of owner-occupied residential real estate. At the present moment, this figure (purple line) stands at $46 trillion (Q1 2024), which is nearly 2X its pre-crisis level of $24 trillion in Q4 2006. It’s also 8X its level when Greenspan […]
Caitlin Long’s Custodia Bank slashes workforce under crypto regulatory strain
Key Takeaways Custodia Bank has laid off nine employees due to financial pressures and ongoing legal battles. The bank’s challenges are exacerbated by the Biden administration’s strict regulations on the crypto industry. Share this article Custodia Bank, a crypto-friendly bank founded by Wall Street veteran Caitlin Long, has scaled its workforce down from 36 to […]
FX Daily: Today’s Numerous Inflation Numbers Are Key To Direction
Image Source: Unsplash The US releases July core PCE figures, and we are aligned with the consensus for a 0.2% MoM call, which should keep markets attached to their call for 100bp of easing by year-end. EUR/USD may remain capped on some encouraging eurozone-wide CPI figures, while hotter Tokyo inflation overnight suggests higher chances of a […]
Intel CEO Pat Gelsinger Addresses Investor Concerns Amid Stock Plunge
Image Source: Pexels Intel’s stock fell 26% after its latest earnings report, marking a 50-year low. CEO Pat Gelsinger remains optimistic about new AI product Lunar Lake. The company announced 15,000 layoffs amid broader strategic changes. Intel (INTC) CEO Pat Gelsinger acknowledged the company’s recent struggles in a fireside chat at Deutsche Bank’s technology conference in […]
