Category Archive: Cryptocurrency, No picture
Cathie Wood chooses Bitcoin over Ethereum, ‘Hands Down’
Cathie Wood, ARK Invest CEO, has expressed her strong preference for Bitcoin over Ethereum, stating that Bitcoin is “hands down” her choice for investment, said in a conference at Consensus 2024.Speaking at the event, Wood emphasized the unique qualities of Bitcoin, describing it as a “global monetary system,” a “technology,” and a “new asset class.” […]
Stocks To Watch Today: Marathon Oil, UnitedHealth, American Airlines
Image Source: Pexels Three stocks are making significant moves today: American Airlines (Nasdaq: AAL), UnitedHealth Group Inc. (NYSE: UNH), and Marathon Oil Corporation (NYSE: MRO).These companies have experienced notable price fluctuations due to various factors, including lowered guidance, executive departures, Medicaid business concerns, legal challenges, and a major acquisition announcement. This article will delve into each company’s situation […]
Here’s What Wall Street Experts Are Saying About Salesforce (CRM) Ahead Of Earnings
Image Source: Pexels Salesforce is expected to report Q1 earnings per share of $2.37 on revenue of $9.15BSalesforce (CRM) is scheduled to report the results of its first fiscal quarter after the market close on Wednesday, May 29, with a conference call scheduled for 5:00 pm ET. What to watch for:GUIDANCE: Along with its fourth quarter earnings report, Salesforce […]
FTSE Shares Continue To Slide Testing Three Week Lows
Image Source: Unsplash London stocks dipped on Wednesday as higher U.S. bond yields impacted global equities, while new U.S. data raised concerns about inflation and the timing of Federal Reserve rate cuts. The FTSE 100 fell by 0.9%, reaching a three-week low and signalling its longest losing streak since August 2023. Technicals suggest that the index […]
The Kiwi Is Finally On The Rise
Image Source: Unsplash The Kiwi with ticker NZDUSD is finally on the rise after we noticed an A-B-C corrective decline in wave (2) on a daily chart. We warned about that with an article shared on April 10. NZDUSD Daily Chart From April 10As you can see today on May 29, we can see price nicely bouncing and […]
Ethereum breaks $1 billion mark in tokenized US Treasuries
Ethereum is now the infrastructure for over $1 billion in tokenized US Treasuries and dominates nearly 71% of the market share in this blockchain industry sector, according to real-world assets (RWA) data platform RWA.xyz. This number is majorly fuelled by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has tokenized over $473 million in US […]
EUR/USD Faces Key Test With Inflation Data Taking Centre Stage Core PCE index key data for US dollar
The EUR/USD lost its earlier gains on Tuesday, before dropping slightly in the first half of Wednesday’s session following the release of a weaker-than-expect German CPI report. Meanwhile, the US dollar strengthened against most other currencies, helped in part by stocks and bonds easing lower again. Attention will turn to the upcoming core PCE price […]
Fetch.ai, SingularityNET, and Ocean Protocol set to finalize token merge on June 13
The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, is expected to complete its token merger on June 13, 2024, according to a press release shared by the team.The move follows an announcement in March that the three major players united to build an ethical, decentralized AI ecosystem. As part […]
Blocksquare hits $100M tokenized RWA, announces DeFi launchpad
Blocksquare, a real estate asset tokenization protocol, has reached a major milestone. The firm successfully tokenized a diverse portfolio of real estate assets exceeding $100 million. This includes 118 properties across more than 21 countries, including hotels, restaurants, and healthcare facilities.In addition, Blocksquare announced the launch of its DeFi launchpad, Oceanpoint v0.5. According to the […]
Aussie Market Commentary – Wednesday, May 29
Aussie CPI Jumps AgainRBA easing expectations have been thrown into disarray today on the back of stronger-than-forecast Aussie CPI overnight. Annualised CPI for April came in at 3.6%, up from 3.5% prior and above the 3.4% the market was looking for. The data begs serious questions over the prospect of RBA easing this year and […]
