Category Archive: Finance, No picture
Chip Stocks Plunge After AMD’s 2024 Guidance Falls Short Of Expectations
Image Source: UnsplashAdvanced Micro Devices (AMD) recently reported its projection for AI chip sales in 2024, estimating a revenue of $4 billion. While the figure fell short of Wall Street’s expectations, it’s important to note the significant potential of AMD’s AI chip sales, especially when compared to the higher forecasts provided by competitor Nvidia (NVDA).Consequently, AMD’s shares experienced […]
GBP/USD Price Analysis: Wavers Below 1.2500 As Bearish Harami Looms
Image Source: Unsplash GBP/USD remains steady, slightly down by 0.05% following mixed US PMI data from S&P Global and ISM. The two-candle chart pattern, the bearish harami suggests further downside is seen. Key support levels lie at the April 29 low of 1.2474 could lead to retesting the yearly low at 1.2299. The Pound Sterling is virtually unchanged […]
Elliptic’s AI-driven research helps fight Bitcoin money laundering
Blockchain analytics firm Elliptic has made significant progress in using artificial intelligence (AI) to identify potential money laundering patterns on the Bitcoin blockchain.In a research paper co-authored with the MIT-IBM Watson AI Lab, Elliptic described its use of a deep learning model trained on a dataset of nearly 200 million transactions to detect illicit activity […]
Moody’s, Booking, DraftKings, Amgen Stocks In Focus Ahead Of Earnings
Image Source: Unsplash The earnings season is set to get into high gear this week. Companies like Apple, Booking, Moody’s, and DraftKings will publish their earnings. The other companies to watch are Novo Nordisk, Amgen, and Live Nation. American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest […]
SMCI: Gap-Closing Short With Significant Downside Potential
Image Source: UnsplashSMCI with one of the great gap-closing shorts in human history. LOTS more downsides from here. Double digits are possible by 2026.More By This Author:Time To Move OnMarket Weakness: A Bear’s DelightFrom Buzz To Bust: Cocoa’s Rollercoaster Ride
Weakening Wednesday – Markets Down Ahead Of The Fed
Wheeee! There’s nothing more fun than a good sell-off when you are well-hedged. Since our last review on April 16th, our paired Long-Term and Short-Term Portfolios have gained over 10% ($160,000) as our hedges are working but so are the longs where we also sold short-term calls to ride out the dip we had anticipated. As I said at […]
Bitcoin’s correction might extend to $50,000: Standard Chartered
Stubborn inflation, the unlikelihood of near-term rate cuts, and cooling demand for spot Bitcoin exchange-traded funds (ETFs) – all of these factors could prolong Bitcoin’s price correction to $50,000, according to Standard Chartered. “BTC’s proper break below $60K has now reopened a route to the $50-52K range,” Geoffrey Kendrick, head of digital assets research at […]
Agora Raises $5M for solve ‘chaotic’ protocol governance
Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the […]
BlackRock’s BUIDL overtakes Franklin Templeton’s FOBXX in tokenized fund race
BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, has surpassed Franklin Templeton’s Franklin OnChain US Government Money Fund (FOBXX), to become the world’s largest equity tokenized fund, with $375 million in assets under management (AUM) as of April 30, according to data from Dune Analytics.As of April 28, Franklin Templeton’s FOBXX held the previous […]
Bitcoin momentarily drops below $57K hours ahead of Fed interest rate decision
In the lead-up to the upcoming Federal Reserve meeting, investor pessimism has significantly impacted the prices of Bitcoin and Ethereum.As of the time of writing, BTC has dropped 7.6%, and ETH is down 6% over the past 24 hours. The Bitcoin price is currently hovering around $57,000, while the Ethereum price is stuck at just […]
