Author: Fernanda T
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Crypto This Monday: Buterin Transfer Shakes Crypto Market, Friend.tech Captivates Celebrities, and More
Withdrawals after market crash In the last week, crypto asset managers such as Grayscale and Bitwise have seen outflows of $55 million, reversing previous inflows of $28.5 million. This move was influenced by the crypto market crash, with Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) down around 11% and 10% in the past week, respectively. The delay in deciding…
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Monday’s Wall Street Highlights: Meta, Palo Alto Networks, Jet.AI, Napco Security Technologies, and more
US index futures are up in Monday’s pre-market, staging a recovery and digesting data from Europe and China, following a week in which U.S. interest rate concerns left investors apprehensive and fueled a global risk-averse sentiment. By 6:48 AM, Dow Jones (DOWI:DJI) futures were up 105 points, or 0.30%. S&P 500 futures were up 0.43% and Nasdaq-100…
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Crypto This Friday: Mastercard Announces CBDC Partner Program, BTC Under 26K, and More
Bitcoin crash and liquidity impact Bitcoin (COIN:BTCUSD) opened near two-month lows at $26.016 after extreme sell-offs on Aug. The sharp selloffs appear to be an overreaction to SpaceX’s writedown of $373 million worth of BTC. Speculation also points out that a major player may have been liquidated at Deribit. Meanwhile, spot sales remain 50% below their 2023 peak.…
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Friday’s Wall Street Highlights: Applied Materials, Farfetch, Bloomin’ Brands, and More
US Index Futures are lower in premarket trading on Friday, weighed down by economic uncertainty, particularly in China, after major developer Evergrande filed for creditor protection in the U.S. By 6:45, Dow Jones futures (DOWI:DJI) were down 53 points, or 0.15%. S&P 500 futures were down 0.23% and Nasdaq-100 futures were down 0.43%. The 10-year Treasury yield…
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Crypto This Thursday: Bitcoin Under 28K, Troubled Shibarium Launch, and More
Pressure on cryptocurrencies On Thursday, cryptocurrencies took a hit due to renewed concerns about the US economy. This drop occurred after the release of records from the last Federal Reserve meeting, where the body expressed concerns about inflation and possible interest rate hikes. As a result, the stock market has slumped and the 10-year US Treasury yield…
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Thursday’s Wall Street Highlights: Walmart, Paramount, Visa, Wolfspeed, and more
US index futures were higher in premarket trading on Thursday as investors reflected on the Federal Reserve minutes released yesterday, in which members did not rule out further tightening to curb inflation. By 6:45 AM, Dow Jones futures (DOWI:DJI) were up 63 points, or 0.18%. S&P 500 futures were up 0.16% and Nasdaq-100 futures were up…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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Wednesday’s Wall Street Highlights: Intel, VinFast, Coherent, DLocal, Nu, Target, and more
US index futures were broadly flat in premarket trading on Wednesday as traders await indicators such as Federal Reserve minutes and industrial production. By 6:53 AM, Dow Jones futures (DOWI:DJI) were up 3 points, or 0.01%. S&P 500 futures were up 0.01% and Nasdaq-100 futures were up 0.06%. The 10-year Treasury yield was at 4.186%. On Wednesday’s…
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Crypto This Tuesday: Jacobi Launches Spot Bitcoin ETF in Europe, Prime Trust Declares Bankruptcy, and More
Jacobi opens European mark with Spot Bitcoin ETF on Euronext Amsterdam London-based Jacobi Asset Management has launched Europe’s first physical Bitcoin ETF on Euronext Amsterdam, nearly two years after its initial approval. The ETF, named Jacobi FT Wilshere Bitcoin, is overseen by the Guernsey Financial Services Commission and has the ticker “BCOIN”. Fidelity Digital Assets handles custody,…
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Tuesday’s Wall Street Highlights: Delcath Systems, Getty Images, Home Depot, Berkshire Hathaway, and more
US index futures are falling in pre-market this Tuesday, reverberating weak data in China and Europe, casting doubt on the world economy. By 6:48 AM, Dow Jones futures (DOWI:DJI) were down 236 points, or 0.67%. S&P 500 futures were down 0.62% and Nasdaq-100 futures were down 0.61%. The 10-year Treasury yield was at 4.233%. In Tuesday’s economic…