Category Archive: Cryptocurrency, No picture
SEC delays decision on Franklin Templeton Bitcoin & Ethereum index ETF
Key Takeaways The SEC delayed the decision on Franklin Templeton’s Bitcoin and Ethereum ETF, extending the deadline to January 6, 2025. The SEC’s review period extension allows more time to evaluate the proposal and its implications. Share this article The SEC has delayed its decision on Franklin Templeton’s proposed Bitcoin and Ethereum index ETF. The […]
Bitcoin Is About To See A Historically-Profitable Crossover In This Metric
Image Source: Unsplash On-chain data shows the Bitcoin Puell Multiple is about to undergo a crossover that has historically been very bullish for BTC’s price. Bitcoin Puell Multiple Could Cross Its 365-Day MA In Near Future As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Puell Multiple has been approaching its 365-day moving […]
DCG’s Barry Silbert unveils decentralized AI venture to fund Bittensor projects
Key Takeaways Barry Silbert launched Yuma, a subsidiary focused on Bittensor’s decentralized AI network. Yuma supports projects using AI to earn rewards on the Bittensor network with the $TAO token. Share this article Digital Currency Group (DCG), led by Barry Silbert, has announced the launch of Yuma, a new company dedicated to fostering innovation and […]
Coinbase Wallet launches USDC rewards with 4.7% APY
Key Takeaways Coinbase Wallet offers 4.7% APY on USDC without lock-up periods via its expanded global rewards program. USDC rewards are accessible on multiple blockchain networks, including Base, Ethereum, and Polygon. Share this article Coinbase Wallet users can now earn 4.7% APY on USDC holdings as the platform expands its rewards program globally.As announced in […]
FTSE Muted As Sticky Inflation Data Deflates Homebuilders
Image Source: Unsplash Hotter-than-expected inflation statistics dampened expectations for swift interest rate drops and overshadowed optimism surrounding software company Sage’s positive quarterly profit, which caused the UK’s FTSE indices to remain muted on Wednesday. The technology sector surged 6.9% to reach a record high, while the export-focused FTSE 100 edged lower by 0.07%. Nvidia’s quarterly earnings […]
Former FTX CTO Gary Wang avoids prison time for role in crypto fraud
Key Takeaways Gary Wang avoided prison time due to his cooperation in the case against Sam Bankman-Fried. US District Judge Kaplan considered Wang’s cooperation and lesser role in the fraud scheme. Share this article Gary Wang, the former chief technology officer of FTX who helped founder Sam Bankman-Fried steal nearly $8 billion from customers, avoided […]
Corn/Wheat FOB Prices- Black Seas Tensions & South American Weather. The Corn & Ethanol Report
We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction at 10:30 A.M., 20-Year Bond Auction at 12:00 P.M., Dairy Products Sales and Milk Production at 2:00 P.M. The Census […]
Block Inc: Chart Analysis
Image Source: Unsplash Hey – good morning everybody. Happy Wednesday. It’s time for our chart of the week, and this week we’re gonna be focused in on the technology name Block; the symbol is SQ. It used to be called Square, it’s now called Block. Let’s take a look at this chart. It had a really […]
Target Shares Crash On Profit Miss, Downgraded Outlook, & Market Share Loss As Walmart Reigns Supreme
Image Source: Unsplash The current consumer environment is very dire for households making less than $100k a year, with the surge in the trade-down phenomenon—driven by both wealthy and low-income consumers grappling with record credit card debt and sliding personal savings—solidifying Walmart’s dominance as ‘America’s low-cost budget retailer,’ quickly eroding market share from competitors like Target and Dollar General […]
Nvidia Hit A $4 Trillion Market Valuation
Image Source: Unsplash Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.Wedbush highlights Nvidia’s leadership in […]
