News

Spot & ETFs · 2 months ago XRP Price Surges 43.7% in a Week Driven by ETF Inflows and Korean Trading Activity XRP has experienced a significant price rally, gaining 43.7% over a week, fueled by strong ETF inflows and increased trading volume from Korea.

Macro · 2 months ago UK Energy Price Cap to Increase by 4% Amid Middle East Tensions The UK energy price cap will rise by 4% in October, reaching £1,729 annually, due to escalating wholesale costs linked to Middle East conflicts.

Business · 2 months ago Iran and Oman Finalize Revenue-Sharing Deal for Strait of Hormuz Management Iran and Oman have reached agreements on managing and sharing revenues from the Strait of Hormuz, a critical waterway for global oil and LNG shipments. This deal marks a significant step towards potentially reopening the strait, which has faced heavy

Companies · 2 months ago Meta CEO Mark Zuckerberg Halts Major Layoffs Amid AI Transformation Plans Meta has paused its plans for significant workforce reductions, originally set to cut up to 60% of teams, following employee pushback and internal challenges in its AI initiatives.

Macro · 2 months ago Bernstein Forecasts Bitcoin to Reach $150K by 2027 and $300K by 2029 Bernstein has updated its Bitcoin price predictions, estimating $150,000 by mid-2027 and $300,000 by 2029, driven by institutional adoption and macroeconomic factors.

Compliance · 2 months ago Roman Storm's Tornado Cash Retrial Delayed to April 2027 Roman Storm, co-founder of Tornado Cash, will face retrial on money laundering charges on April 26, 2027, following a judge's order due to a pending acquittal motion.

Stablecoins · 2 months ago Sign and BNB Chain Launch Sovereign Stablecoin Framework for Governments Sign and BNB Chain have introduced a Sovereign Stablecoin Framework, enabling governments to issue regulated stablecoins. Kyrgyzstan has already implemented its KGST token, marking the first deployment of this system.

Markets · 2 months ago Shiba Inu (SHIB) Ends 11-Month Downtrend Following Japan's Exchange Approval Shiba Inu (SHIB) has broken an 11-month downtrend after Japan's Financial Services Agency approved a new exchange, Laser Digital Japan, to list the token among others like Bitcoin and Ethereum.

Macro · 2 months ago Federal Reserve Chair Kevin Warsh Faces Pressure Amid Interest Rate Discussions Federal Reserve Chair Kevin Warsh is under scrutiny as discussions about potential interest rate hikes intensify, with market indicators suggesting a stable rate environment for now.

Macro · 2 months ago CIA Chief's Moscow Visit Signals Ongoing U.S.-Russia Intelligence Engagement The Kremlin has confirmed that President Putin was informed of CIA Director John Ratcliffe's recent visit to Moscow, highlighting continued U.S.-Russia intelligence dialogue amidst geopolitical tensions.

Macro · 2 months ago Nvidia Reports Record Revenue Driven by Networking and Investment Gains Nvidia's latest earnings report reveals a significant surge in networking revenue and substantial non-operating income, highlighting its evolving business strategy beyond chip sales.

Companies · 2 months ago Binance to Remove Seven Spot Trading Pairs Including SUI and LTC Binance will remove seven spot trading pairs, including SUI/BNB and LTC/BNB, on August 21, 2023, as part of its market optimization efforts.

Markets · 2 months ago Pitbull's Album 'Pitcoin' Sparks Surge in Unaffiliated Meme Tokens The announcement of Pitbull's upcoming album 'Pitcoin' has led to a significant rise in meme coins using the name, despite no official endorsement from the artist.

Custody · 2 months ago Coinbase Launches Tokenized Stocks on Base Network, Featuring Apple and NVIDIA Coinbase has introduced tokenized versions of major US stocks on its Base Ethereum layer-2 network, allowing eligible users to trade shares of companies like Apple and NVIDIA 24/7.

Infrastructure · 2 months ago Pi Network Maintains Support Above $0.085 Amid Market Correction Pi Network's token, PI, is trading around $0.090, holding above crucial support as the broader crypto market faces a pullback after significant gains last week.

Markets · 2 months ago Coinbase Stock Rises with Bitcoin's Surge to $80,000 Amid Market Volatility Coinbase's stock has seen significant gains as Bitcoin approaches $80,000, highlighting the moderate correlation between the two. Despite this, the volatility of Coinbase shares remains notably higher than that of Bitcoin.

Macro · 2 months ago Federal Reserve Chair Kevin Warsh to Address Inflation Concerns at Jackson Hole Kevin Warsh, the new Federal Reserve Chair, is set to speak at the Jackson Hole symposium, where he will clarify his stance on inflation and monetary policy amidst market pressures.

Companies · 2 months ago SpaceX to Build World's Largest Spaceport in Louisiana with $100 Billion Investment SpaceX has announced a $100 billion investment to develop the world's largest spaceport in Louisiana, expected to create over 11,000 jobs and support thousands of launches annually.

Stablecoins · 2 months ago 39 US State Banking Associations Launch BankChain Alliance for Blockchain Network A coalition of 39 US state banking associations has formed the BankChain Alliance to develop a permissioned blockchain network aimed at offering stablecoins and tokenized deposits, targeting a 2027 launch.

Compliance · 2 months ago Indian Refiners Reduce Russian Crude Purchases Amid Supply Disruptions Indian refiners are cutting back on Russian crude imports due to disruptions caused by Ukraine's drone attacks on Russian oil infrastructure, notably affecting the Novorossiysk terminal.