Category Archive: Finance, No picture
Cardano Eyes Momentum For Its Next Big Move
Image Source: Pexels Cardano price started a consolidation phase near the $1.00 zone. ADA is holding gains and might aim for a fresh increase above $1.050. ADA price started a fresh increase from the $0.8800 zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bearish trend line forming […]
BlackRock holds $78 million in IBIT shares across two investment funds, new filings reveal
Key Takeaways Two funds managed by BlackRock collectively hold $78 million worth of IBIT shares. IBIT has grown to $48 billion in assets under management since January. Share this article BlackRock has added more shares of the iShares Bitcoin Trust (IBIT) to two of its funds, totaling $78 million as of September 30, according to […]
Asia Week Ahead: PMIs And CPI Data Take Centre Stage
Image Source: Unsplash PMIs and CPI data will be in focus across the region over the coming week, alongside a rate decision in India and Japan’s labor cash earnings. China: PMI in focusPMI data will be in focus in the week ahead. The National Bureau of Statistics (NBS) will publish the official manufacturing and non-manufacturing PMI on Saturday morning. We […]
Hong Kong plans crypto tax exemptions for hedge funds and private investors
Key Takeaways Hong Kong plans to exempt hedge funds and investors from taxes on crypto gains to strengthen its financial hub status. The government proposal aims to create a favorable environment for asset managers with expanded tax exemptions. Share this article Hong Kong plans to exempt hedge funds, private equity funds, and high-net-worth investment vehicles […]
Ethereum co-founder transfers 20,000 ETH to Kraken as price hits $3,600
Key Takeaways Jeffrey Wilcke transferred 20,000 ETH to Kraken on Nov. 28. Wilcke has sold a total of 44,300 ETH in 2024, maintaining a position of approximately 106,000 ETH. Share this article A wallet connected to Ethereum co-founder Jeffrey Wilcke moved 20,000 ETH worth $72.5 million to crypto exchange Kraken, according to data tracked by […]
3 First Eagle Mutual Funds Worth Considering For Your Portfolio
Image Source: Unsplash Founded in 1864 and headquartered in New York with offices worldwide. First Eagle oversees $149 billion in assets under management as of Sept. 30, 2024. It provides a wide range of investment options, including equity, credit, multi-assets, mutual funds, and alternative funds. First Eagle focuses on conducting research from the ground up to […]
BTC Report: UltraShort Bitcoin ETF Hits Record Volumes; BTC Holds $95k
Bitcoin’s price hovers around $95,000 as industry trends highlight a $40 billion miners’ market cap and a surge in UltraShort Bitcoin ETF volume.Bitcoin (BTC) has seen significant market activity recently, with its price fluctuating around the $95,000 mark at the time of writing. As the digital asset’s market trends unfold, miners are approaching a $40 […]
NZD/USD Hovers Around 0.5900, Downside Risk Appears Due To Market Caution
Image Source: Unsplash NZD/USD depreciates as traders expect the Fed to adopt a cautious approach regarding a rate cut next month. The Fed remains on alert following the latest US inflation data, which highlighted an increase in consumer spending for October. The New Zealand Dollar may struggle as the US plans further AI chip sanctions […]
Asia-Pacific Markets Mixed As South Korea Delivers Surprise Rate Cut, US Markets Retreat Ahead Of Thanksgiving
Image Source: Unsplash Japan’s Nikkei 225 dipped 0.24%, while the broader Topix remained flat. Australia’s S&P/ASX 200 rose 0.49%, setting a fresh intraday high. The yen slipped 0.3% to 151.615 per dollar but stayed close to the one-month high. Asia-Pacific markets showed a mixed performance on Thursday as investors reacted to a surprise interest rate cut […]
Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases
Key Takeaways Marathon Digital acquired 6,474 BTC in November and has $160 million in cash reserved for potential future purchases. Marathon now holds 34,794 BTC, making it the second-largest corporate Bitcoin holder after MicroStrategy. Share this article Marathon Digital (MARA) has added an extra 703 Bitcoin, bringing the total BTC purchased in November to 6,474 […]
