Category Archive: Cryptocurrency, No picture
Bitcoin stuck in accumulation range, but a breakout is near
Despite showing positive weekly closures for three weeks straight, Bitcoin (BTC) is still stuck in the accumulation zone between $60,000 and $70,000, according to the trader identified as Rekt Capital.The current accumulation phase is a common post-halving period, registered in previous cycles, as shared by the trader on X. As BTC failed to register a […]
China Dominates EV Market With 9.5 Million Sales In 2024
↵Image Source: Pexels Ten years ago, President Xi Jinping’s speech at SAIC Motor Corp. marked a transformative moment for China’s automotive industry. Addressing the need for China to become a dominant force in the electric vehicle (EV) sector, Xi’s words underscored the importance of innovation in new energy vehicles. This vision was a strategic pivot for […]
Uniswap Foundation discloses $41M balance sheet ahead of crucial fee vote
As the Uniswap community prepares to vote on a proposal that would introduce a new fee distribution plan, the Uniswap Foundation has shared its balance sheet, revealing $41.41 million in fiat and stablecoins, as well as 730,000 UNI tokens.The upcoming vote, which is expected to pass based on prior snapshot polls, would transfer control of […]
The Next Big Wave Of AI Could Be In Healthcare
Image Source: Pexels Artificial intelligence could be a huge benefit for the healthcare space, says Fred Hassan. He’s chairman of the Caret Group. What parts of health care could benefit from AI? Hassan expects AI to help boost productivity across the board in the health sector – be it drug discovery, clinical trials, or patient management.Infectious diseases […]
These Decades-Long Correlations All Predict A Major Sell-Off Later This Year
Image Source: Pexels Stock markets have had a massive run since November of last year and all the major indices — the S&P 500, the Dow, and the Nasdaq – have hit all-time highs this week.US GDP growth for the current quarter is currently predicted to be 3.6%, global economic growth as measured by PMIs has turned […]
How To Trade Covered Calls On Gold – Without Touching Options
Image Source: Pexels Since the October low of $1,810 per ounce, gold has rocketed higher by 34% to currently trade for over $2,400. I hope you have some direct exposure to the price of gold.However, another way to invest in the precious metal and earn cash income is through covered call option trading.And there’s a great […]
How Is Indexing Informing Income Seekers?
Image Source: Pexels S&P DJI’s Jason Ye and Altere Financial’s Andy Sharp join Nadine Blayney at Ausbiz to discuss how some advisors are using indices to help inform income-seeking clients as they plan for the future.Video Length: 00:13:32More By This Author:Exploring The Characteristics Of The Dow Jones U.S. Select Dividend Index Identifying Economic Moats Using a […]
Google Signs Its First Renewable Energy Purchase Deals In Japan
Image Source: Unsplash Google (GOOGL) announced two new solar power purchase agreements (PPAs) in Japan, its first in the country, supporting the construction of new solar projects that will add 60 MW of clean energy capacity to the Japanese grid.According to Google, the new agreement will contribute to its commitment to power all its operations on […]
ZachXBT reveals GCR account hack tied to Solana meme coin team
The May 26 X account hack of the notorious trader known as GCR might be tied to the team behind the meme coin CAT deployed on Solana, shared the on-chain sleuth ZachXBT this Monday. According to ZachXBT, minutes before the hack, an address tied to CAT’s team opened long positions in the tokens ORDI and […]
Ethereum set for bull run, but short-term struggles expected: Kaiko
Last week marked a significant shift in the market sentiment for Ethereum (ETH) following the SEC’s unexpected approval of spot ETH exchange-traded funds (ETFs), and market data suggests that ETH is headed for a bull run soon, according to a report from on-chain analysis firm Kaiko.The SEC’s decision came through the approval of 19b-4 filings […]
