Category: Latest News

Controversy at Compound Finance after DeFi proposal approval Compound Finance’s native token (COIN:COMPUSD), a notable decentralized finance (DeFi) protocol, is declining following a possible governance attack. The DAO’s decision was manipulated by a group called Golden Boys, using whale Humpy to allocate $24 million in COMP to their controlled project. The final proposal, Proposal 289,…

The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to add to the strong gains posted last Friday. Optimism ahead of the release of earnings news from several major technology companies may contribute to early strength on Wall Street. Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL) and…

U.S. index futures point to a higher open in pre-market trading on Monday. This week will feature quarterly results from tech giants including Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN), along with the anticipated Federal Reserve meeting on Wednesday. Economists indicate a 96% chance that the central bank will keep interest rates unchanged…

Bitcoin rises boosted by Bitcoin Conference 2024 and economic expectations On July 26, Bitcoin hit three-day highs driven by anticipation for the Bitcoin Conference 2024. In June, the US Personal Consumption Expenditures (PCE) price index rose 0.2% from May and 2.6% year-over-year. Strong consumer spending suggests progress in curbing inflation without harming the economy, potentially…

Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The…

The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside following the mixed performance seen in the previous session. The futures remained firmly positive following the release of a highly anticipated Commerce Department report showing consumer prices in the U.S. crept up in…

U.S. index futures point to a higher open in pre-market trading on Friday, with investors preparing for the Federal Reserve’s preferred inflation report. Despite pre-market optimism, the week promises to be negative, with the S&P 500 and Nasdaq facing sharp losses due to sell-offs in big tech and a shift to smaller companies and cyclical…