EUR could rise above 1.1290; the current momentum suggests any further advance is unlikely to reach 1.1320. In the longer run, increase in momentum is not sufficient to suggest a sustained advance; EUR must first break decisively above 1.1290, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Below 1.1200, the upside potential … Read more
Key points: Bitcoin tags $108,000 for the first time since the day of its current all-time highs in January. Traders and analysts mention support extending toward $90,000, but the probability of a retest is fading. Near-term upside targets include a “blow-off top” at $128,000. Bitcoin (BTC) spiked to more than $108,000 on May 21, marking … Read more
A senior International Monetary Fund (IMF) official warned the United States of its ballooning fiscal deficit. According to the US Treasury fiscal data website, the country has accumulated a $36.8 trillion national debt, and the federal debt to GDP ratio currently stands at 122%. Gita Gopinath, the IMF’s first deputy managing director, sent a statement … Read more
Bitcoin’s firm rally into six-figure territory this May has energized the crypto market. It has attracted a new wave of both retail and institutional investors. $100,000 was previously seen as a psychological barrier. Bitcoin’s smooth break above this level has encouraged traders. It created a widespread consensus that a bigger bull rally is still ahead. … Read more
United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce said many non-fungible tokens (NFTs), including those with mechanisms to pay creator royalties, likely fall outside the purview of federal securities laws. In a recent speech, Peirce said NFTs that allow artists to earn resale revenue do not automatically qualify as securities. Unlike stocks, NFTs … Read more
Crypto investment firm Theta Capital Management has successfully closed a raise of over $175 million for its fund-of-funds, Theta Blockchain Ventures IV, which aims to support institutional investors in early-stage blockchain startups, according to a report by Bloomberg. The fund will specifically target venture capitalists specializing in cryptocurrency, according to Ruud Smets, the company’s managing … Read more
South Korea is tightening rules around digital asset transactions as it prepares to allow institutional players into its crypto market, introducing new guidelines for nonprofit crypto sales and stricter listing standards for exchanges. On May 20, the Financial Services Commission (FSC) of South Korea said during its fourth Virtual Asset Committee meeting that it had … Read more
Dogecoin (DOGE) price is currently trading around $0.2278, consolidating just below a key resistance after a recent bounce. On both the daily and hourly charts, DOGE price has shown signs of strength — but also clear hesitation. The charts indicate that bulls are defending key support zones, yet struggling to break above a well-defined resistance … Read more
The world of cryptocurrency is rarely short on drama, but recent events in Argentina have added a new layer of political intrigue to the mix. At the center of it all is Argentine President Javier Milei, a self-proclaimed libertarian and advocate for free markets, who is now entangled in a swirling Argentina crypto scandal. The … Read more
On Tuesday, Bitcoin spot exchange-traded funds (ETFs) recorded over $300 million in net inflows, marking the fifth consecutive day of capital influx into these funds. BlackRock’s iShares Bitcoin Trust (IBIT) attracted the largest portion of Tuesday’s inflows as the leading coin closed above $106,000 for the first time since January 21. Bitcoin ETF Inflows Hit … Read more