Category Archive: Cryptocurrency, No picture
Farcaster raises $150M led by Paradigm to expand decentralized social network
Farcaster, a decentralized social media platform built on the Ethereum blockchain and Optimism’s layer-2 ecosystem, has raised $150 million in a funding round led by Paradigm, with participation from notable investors such as a16z, Haun, USV, Variant, and Standard Crypto.Founder Dan Romero announced the successful fundraising in a recent post, stating that the funds will […]
FTSE – AstraZeneca Helps The Blue Chip Index Recover Early Losses
Image Source: Pexels On Tuesday, London stocks initially declined, following the trend of weakness in Asian markets due to the cautious stance on inflation by U.S. Federal Reserve officials. However, AstraZeneca’s gains helped limit the overall market losses. The FTSE 100, recovered to trade up by 0.24%. Investor confidence wavered as Federal Reserve officials on Monday […]
Ethereum researcher alleges Wikipedia of biased Solana coverage
Ethereum researcher Emmanuel Awosika posted allegations on X that Wikipedia has an anti-crypto stance, with its coverage of Solana, in particular, being unfair. The allegations made by Awosika also put into questions regarding the involvement of Molly White in editing crypto-related articles on the platform. “[…] people have complained about Wikipedia’s coverage of the crypto […]
Soulbound: Your all-in-one hub for gaming, streaming, and creativity
Soulbound, the avant-garde gaming ecosystem, is taking the world by storm with its unique features and dynamic offerings. Positioned as the ultimate web3 destination, Soulbound is redefining the gaming experience for gamers, streamers, guilds, and artists alike.Soulbound offers a comprehensive platform for gamers to showcase their achievements, embark on in-game quests, stream-to-earn, and share their […]
Specialized Payments Firm Flywire Is Poised To Rebound Moat Analysis
Payment processing has been a great business since the world moved away from an all-cash society in the early 20th century.Intrinsic to the model are a lot of characteristics we look for in potential investments. Sales are generated by taking a small cut of each payment processed on the network. Payment systems get integrated into […]
Bear blues: over $296 million in shorts liquidated in 24 hours
The possibility of a spot Ethereum exchange-traded fund (ETF) approval in the US took the bears by surprise, resulting in over $296 million of short positions being liquidated in the past 24 hours, according to data aggregator Coinglass. Ethereum short positions liquidated represent $100 million of the total.Meanwhile, long positions represent just $80 million of […]
The Worrying U.S. Wealth Divide
Image Source: Pexels The consumer is primarily what drives US economic prospects – but it seems that evidence of a change in narrative could be starting to emerge. As the US economy moderates and as the credit card loan delinquency rate rises, we think a potential weakening in the consumption story will be key to watch through the remainder of this year.Video length 00:01:18More By This Author:The […]
Ethereum-based meme coins surge up to 161% fueled by ETF speculation
The possibility of a spot Ethereum ETF approval this week sparked price leaps among Ethereum Virtual Machine-based meme coins, according to data aggregator DefiLlama. HarryPotterObamaSonic10Inu (BITCOIN) and Mog Coin (MOG) leapt 46.8% and 51.7%, respectively.Wojak and Hemule saw even more significant upside, rising 66.3% and 89% in the same period. Other Ethereum-based meme coins with […]
Spring 2024 Snapshot Of Expected Future S&P 500 Earnings
Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 (Index: SPX) at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter’s earnings.Since our last update three months ago, expectations for the S&P 500’s earnings have improved. The S&P 500’s earnings per […]
Nvidia Earnings Anticipate 8.7% Swing, $200B Impact
Image Source: Unsplash Anticipated Share Movement: Nvidia’s options suggest an 8.7% share swing post-earnings, potentially impacting market capitalization by about $200 billion. Volatility Expectations: Current expectations are more tempered compared to the previous quarter’s 16.4% surge; the average implied move over the last eight quarters is around 12%. AI Industry Impact: Nvidia’s shares are up […]
