Category: Latest News

Founder of Curve Finance faces liquidation after CRV token drop Michael Egorov, the founder of Curve Finance (COIN:CRVUSD), faced liquidation after the CRV token hit an all-time low of $0.22. Approximately 100 million CRV were liquidated, totaling $27 million, but Egorov still holds 39.35 million CRV securely. This situation triggered widespread liquidations, causing concern among…

The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week’s unrevised level of 229,000. Economists had expected jobless claims to edge down to…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside after ending the previous session sharply higher. While the Federal Reserve lowered its forecast for interest rate cuts this year on Wednesday, stocks may continue to benefit from optimism about the outlook for rates…

U.S. index futures are mixed in pre-market trading this Thursday, with the S&P 500 above 5,400 points. Investors are awaiting new inflation data and analyzing the recent Federal Reserve decision on interest rates, as well as a lower-than-expected consumer inflation reading for May. At 6:42 AM, Dow Jones (DOWI:DJI) futures fell 134 points, or 0.35%.…

Bitcoin above $69,000 after a drop in the US Consumer Price Index (CPI) The price of Bitcoin (COIN:BTCUSD) reached a peak of $70,032, trading 2.9% higher at $69,302 in the past 24 hours, following the release of the May Consumer Price Index (CPI) data in the US, which indicated a slight reduction in inflation. The…

With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April.…

The major U.S. index futures are currently pointing to a notably higher open on Wednesday, with stocks likely to see initial strength amid a positive reaction to a closely watched report on consumer price inflation. The futures surged following the release of a Labor Department report showing U.S. consumer prices were unexpectedly flat in the…