Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]
Dollar loses value in trading
In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]
Xiaomi stocks rise after launching its first electric car
Xiaomi launched its first electric vehicle, the SU7, which led to a 15% increase in its shares. The vehicle is priced $4,000 less than the Tesla Model 3 and offers a longer range. Demand for the SU7 was immediate and overwhelming, with more than 50,000 orders placed within almost half an hour of launch, resulting in […]
The dollar rallied to a five-month high
The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]
Tether increases its holdings of Bitcoin
In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]
Tesla worries Wall Street
Tesla In, (TSLA) may be headed for a grim milestone as both demand for electric vehicles and high interest rates affect the company’s sales. According to Wall Street analysts, estimates for this week’s delivery report were quickly revised as the end of the quarter approached. Some on Wall Street are even bracing for Tesla’s first sales decline […]
Nasdaq leads Wall Street
The market begins a week that will be marked by employment. On Monday, the Nasdaq led Wall Street gains following mixed numbers from Thursday. It ended March and, consequently, the first quarter of the year on a high note. This performance enabled the S&P 500 to record its best start to a year since 2019. […]
SEC demands Ripple to pay a $2 billion fine
The Securities and Exchange Commission (SEC) is not resting in its fight against cryptocurrency company Ripple Labs. The SEC is going to ask a judge to fine the said company nearly USD 2 billion, according to information provided by the company’s executives. Through X, the legal director of Ripple Labs, Stuart Alderoty, reported that this […]
Wall Street cuts path of record highs in short week for for the holidays
Wall Street’s major indexes closed lower yesterday, Monday, March 25th, during a short week due to the Easter holidays. This comes amidst a calendar packed with important data releases and ongoing investor analysis of the Federal Reserve’s (Fed) potential interest rate path. Last week’s bullish rally following the Fed meeting propelled Wall Street to record […]
On May 28, the London Stock Exchange will introduce cryptocurrency ETNs
The London Stock Exchange (LSE) officially announced on Monday that cryptocurrency exchange-traded notes (ETNs) tracking the price of both Bitcoin (BTC) and Ethereum (ETH) will be launched on May 28. ( Applications can be submitted starting April 8, with listing expected in May, subject to approval by the Financial Conduct Authority (FCA). Investors will need to […]