Mike McGlone, Bloomberg’s senior commodity strategist, has taken to his social media account to share part of the recent Bloomberg Intelligence report regarding the current market stance of Bitcoin and gold. He believes that gold may begin to gain against the digital gold – Bitcoin – soon, stating that BTC may have peaked at the … Read more
Solana (SOL) price is hovering near the $200 level, with its market cap attempting to reclaim the $100 billion mark and daily trading volume at $4 billion. Meanwhile, the number of Solana whales has been declining after reaching an all-time high of 5,167 on January 25, now sitting at 5,067. This shift in whale activity, … Read more
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1710 as compared to the previous day’s fix of 7.1716 and 7.2971 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate … Read more
The current surge in Polkadot’s value, amidst declining inflation and rising social interest, signals a burgeoning optimism among investors. With inflation rates now at 7.78%, the ongoing adjustments in tokenomics are paving a path to a sustainable future for Polkadot. According to a recent report from COINOTAG, “The community-driven efforts for improving DOT’s tokenomics could … Read more
Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where he responded to concerns … Read more
The United States Agency for International Development (USAID) is under fire right now as US President Donald Trump and his adviser, Elon Musk, implement their bureaucratic cost-cutting campaign. According to reports, many projects risk losing funding and support, and thousands of jobs now hang in the balance. However, USAID’s problems don’t end here; the agency … Read more
The cryptocurrency market is experiencing a dynamic shift with XRP and Solana making headlines. Still, all eyes are now turning towards a new contender, The Official Magacoin, which might just be the next big explosion in crypto space. XRP’s Market Momentum XRP has been on an upward trajectory after gaining regulatory clarity from recent SEC … Read more
SWELL crypto pumped 60% but failed to break above its downtrend. The altcoin recorded a strong accumulation since December. Swell [SWELL], the native token of the latest liquid staking protocol on Ethereum [ETH], Swell Networks, exploded 60% on the 10th of February. The move followed SWELL listing on new centralized exchanges, Bitget and Gate.io. At … Read more
WTI extends its recovery to a two-week high near $72.95 in Wednesday’s early Asian session. The rising Middle East geopolitical tensions boost the WTI price. US crude oil stockpiles climbed by 9.043 million barrels last week, according to the API. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.95 during the early Asian … Read more
New legislation in the House and Senate seeks to regulate stablecoins, enforcing strict reserve requirements, banning tech giants from issuing them, and cracking down on offshore loopholes. New Bills in House and Senate Seek to Establish US Stablecoin Regulations The U.S. House Committee on Financial Services Democrats announced on Feb. 10 the introduction of a … Read more