Tag: NASDAQ:COIN
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Crypto: Morgan Stanley and UBS Compete for Leadership in Bitcoin ETFs, Risks in Ethena’s USDe Strategy, and More
Concerns and defenses around Ethena’s Bitcoin strategy for USDe Just seven weeks after its launch, Ethena’s USDe, known as the “internet bond” and “synthetic dollar,” surpassed a market capitalization of $2 billion, becoming the fifth largest stablecoin. Now occupying 1.25% of the total $160 billion stablecoin market, USDe stands out for not directly relying on…
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Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
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BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News
Key events in the crypto market in April April promises to be a milestone for the cryptocurrency sector, bringing impactful events. We’ll see everything from the reduction in mining rewards for Bitcoin (COIN:BTCUSD) and Bitcoin Cash (COIN:BCHUSD), which affects coin supply and spurs speculative interest, to significant regulatory matters. The legal battle between the SEC…
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Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients. This tool has recently seen about 10 million active users. The bank has also named Rita Chan and Alan Ho as the new senior co-heads…
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Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News
Positive indicators hint at potential Bitcoin surge Bitcoin (COIN:BTCUSD) is showing promising signs of an impending uptrend. One of the evidences is the increase in the number of wallets holding over 1,000 BTC and the reduction of stock on Coinbase, hitting its lowest level since 2018. These factors, coupled with accumulation by “whales” and a…
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Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
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Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More
Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction adjustment influenced various markets. The Fed’s balance sheet has grown by 59% since January 2020, reaching $7.542 trillion. This policy has caused notable fluctuations in Bitcoin…
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JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan surprised by increasing its dividends by 9.5%, reflecting a record profit and the potential easing of capital rules by regulators. The largest US bank has sent about $60 billion to shareholders over the past three years. Additionally, JPMorgan established a new investment banking team focused on sports, targeting a growing…
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Crypto: Bitcoin Plummets, Grayscale Promises Lower Fees, and Latest News
Bitcoin’s fall affects market and traders with forecast of more instability Bitcoin (COIN:BTCUSD) faced a sharp decline in value over the last 24 hours, hovering around $64,329.32 at the time of writing. The negative movement, possibly intensified by the new adoption of Bitcoin ETFs, dragged along other cryptocurrencies and related assets. Amidst this volatility, optimistic…
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Crypto: Solana Surges to $200, Base Explodes Post-Dencun Update, and Latest News
Solana hits $200 with network growth For the first time since November 2021, Solana’s cryptocurrency (COIN:SOLUSD) surpassed the $200 mark, driven by growing activity on the network and interest in meme coins. Although still 22% below its all-time high of $260, SOL exceeded its previous market capitalization of $75 billion due to the issuance of…