Category Archive: Cryptocurrency, No picture
Crypto landscape signals turbulence and dissatisfaction: IntoTheBlock
The current crypto landscape signals turbulence and dissatisfaction from investors, according to IntoTheBlock’s “On-chain Insights” newsletter. The price drop registered by Bitcoin (BTC), the subdued impact of new Hong Kong ETFs, and the EIGEN token launch initial fiasco are the main reasons.The crypto rally this year hit a rough patch as Bitcoin’s value seesawed between […]
S&P 500 Gaps 1%+ Higher
Image Source: PexelsThe S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.As shown in the table below, 1%+ gaps higher on a Friday have been the second most frequent of any weekday, […]
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
EUR/JPY extends its losses for the third consecutive session, trading around 164.60 during the European session on Friday. The Japanese Yen (JPY) strengthened on Friday following a rally on Thursday attributed to potential Japanese government intervention, marking the second such incident this week, according to a Reuters report. It is worth noting that Japanese banks […]
ZKasino founder arrested in Netherlands and over $11 million seized
Netherlands’ Fiscal Information and Investigation Service (FIOD) apprehended one of ZKasino’s founders on April 29. The 26-year-old man was detained on charges of fraud, embezzlement, and money laundering. The criminal probe was initiated on April 25th, spurred by reports on platform X and intelligence from FIOD’s departments.During the raid, authorities seized assets worth over 11.4 […]
April Jobs Report: Counterbalancing March’s Blockbuster Good Report, The First Significant “ding” To The Soft Landing Scenario In Months
In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: Whether there is further deceleration in jobs gains compared with the last 6 month average, vs. a “soft landing” stabilization – and even whether […]
The Energy Report: Play It
I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden tried to impose a price cap to cut oil revenues for Russia, a major source of funding for its war against […]
Hershey Company’s Strong Q1 Beats Forecasts: Consolidated Net Sales Surged By 8.9%
The Hershey Company’s Q1 results for 2024 showcase its robust performance and strategic initiatives, with consolidated net sales increasing by 8.9%.The Hershey Company (HSY) has once again demonstrated its resilience and strategic prowess in the face of fluctuating market conditions, as evidenced by its latest financial results for the first quarter ended March 31, 2024. Hershey’s consolidated […]
Logos publishes privacy manifesto on largest-ever Bitcoin block from 2009
Logos, a decentralized and privacy-focused technology stack, has inscribed its manifesto on the largest-ever Bitcoin block, measuring 3.99 MB in size.The inscription, which precedes the launch of an Ordinals collection called Logos Operators, was made on a satoshi created in 2009 in block 3,479.Logos (also named as Logos Network), characterizes itself as a politically neutral […]
The British Index Has Updated The Historical Maximum. Oil Lost 5% Over The Week
At the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also received support since Wednesday when Fed Chair Powell said the Fed’s next move is unlikely to be an interest rate hike. […]
The Commodities Feed – European Gas Rallies
European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week. Energy – TTF back above EUR30The oil market was little changed yesterday. ICE Brent continues to trade below US$84/bbl after settling 0.28% higher yesterday. It has been […]
