Category Archive: Finance, No picture
What Comes Next Could Define Markets For Years
Image Source: Pexels — nothing but CPI — NVDA a defining moment for the AI trade — gold and silver — bond markets — cocktail for volatility — do not be a vol starved animalSPX Expected Move — — last week — 67.29 (5–day expected move) — next week– (5–day expected move)Video Length: 00:20:11More By This […]
MakerDAO founder introduces new stablecoins: NewStable and PureDAI
Rune Christensen, the founder of MakerDAO, has unveiled two new stablecoins, NewStable and PureDAI, as part of the protocol’s controversial Endgame plan.The new tokens are intended to eventually replace DAI, which currently commands a $5.4 billion market cap, placing it third overall in the stablecoin sector.Christensen’s goal is to reconcile the two opposing paths for […]
5 Stocks Powering The Dow ETF Year To Date
Image Source: Pexels The Dow Jones Industrial Average touched the milestone of 40,000 for the first time on strong corporate earnings and renewed bets for rate cuts. SPDR Dow Jones Industrial Average ETF (DIA – Free Report), which tracks the Dow Jones Index, has gained 6.4% so far this year. While most of the stocks in the ETF portfolio have […]
There Are Good Reasons Why Consumer Confidence Is Low
Image Source: Pexels Most people have heard about statistics or polls that report on the state of the American consumer and something called “consumer confidence,” but few know what they are or what they mean or even recall what the latest reports reveal.You might have also heard that Keynesian Paul Krugman had claimed that such statistics […]
zkSync gears toward final upgrade, community eyes airdrop by end of June
zkSync, an Ethereum layer 2 network, is ramping up efforts to roll out its v24 upgrade, the final protocol update before transitioning network governance to its community, said zkSync in a recent post on X. With zkSync nearing a major milestone, the community’s focus now shifts toward the project’s airdrop expected by the end of […]
Not With A Bang But A Whimper
Image Source: Unsplash So ends the latest round of meme stock frenzy, or at least I hope so. I love discussing unusual situations in the markets – and social media-fueled buying frenzies in a seemingly unrelated cadre of stocks certainly is unusual – but after a week of actively commenting upon GameStop (GME), AMC Entertainment (AMC), […]
Bitcoin ETFs show $1.3 billion inflows and bounce back from April’s slump
Spot Bitcoin exchange-traded funds (ETFs) in the US registered $1.3 billion in inflows over the past two weeks, shared Bloomberg ETF analyst Eric Balchunas on X. This was enough to recover completely from April’s net outflows of over $343 million.The Bitcoin ETFs traded in the US now hold more than $12.3 billion under management, which […]
Solana meme coins surge up to 210% despite Pump.fun incident
Meme coin marketplace Pump.fun was attacked by a former team member yesterday, resulting in halted trading, users unable to liquidate their tokens, and the platform losing $1.9 million, according to a May 16 post-mortem. Despite this episode, the meme coin sector on Solana stood firmly in the last 24 hours, with tokens making two-digit leaps.The […]
Kraken may delist USDT in EU to comply with MiCA
Major crypto exchange Kraken is considering delisting Tether (USDT) from its European Union (EU) platform to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, according to a recent report from Bloomberg.The EU is setting MiCA regulations for crypto trading, specifically targeting stablecoins like Tether’s USDT. These rules will be enforced starting in July and […]
Chart Says Investors Are Bracing For Stock Market Crash
Image Source: Pexels Indices at All-Time Highs, Odds of Stock Market Crash Increasing Key stock indices currently sit at or near their record highs. The Dow Jones Industrial Average is near the 40,000-point level. The S&P 500 looks like it can’t be stopped. The Nasdaq Composite Index has been soaring.However, don’t get complacent: the odds of […]
