Tag: Financial markets

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Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024

Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...
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Cardano DeFi Total Value Locked Hits $700M, ADA Price Surges 20%

Cardano DeFi TVL Reaches Record $700M, ADA Price Soars 20%In a groundbreaking development for the cryptocurrency world, Cardano's DeFi ecosystem has reached a remarkable milestone, with its total value locked (TVL) soaring to an...
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Federal Reserve Boosts Balance Sheet Amid Rate Cut Speculation

The Federal Reserve's balance sheet has seen an increase of $2.6 billion, bringing it to $7.2 trillion. This rise comes amidst speculation about a potential rate cut as inflation cools. Despite the Fed's efforts...
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Institutional Adoption of Bitcoin and Crypto Stocks: A Ripe Opportunity

Bitcoin and other cryptocurrencies are becoming more appealing to institutional investors, according to a recent report by brokerage firm Bernstein. The report suggests that there is still significant potential for institutional adoption of Bitcoin...
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Altcoin ETFs to Fuel Explosive Growth in Crypto Market by 2025

Bloomberg's senior ETF analyst, Eric Balchunas, recently shared his insights on the potential impact of altcoin ETFs on the crypto market in 2025. According to Balchunas, the approval of over 40 altcoin-related ETFs could...
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Valour Launches Digital Asset ETPs in Kenya, Expanding Beyond Europe

Valour, a crypto fund issuer, has made a significant move beyond Europe by partnering with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset exchange-traded products (ETPs) in Kenya. This collaboration will...
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Benefits of Securities Tokenization Acknowledged by SEC Commissioner UyedaBenefits of Securities Tokenization: SEC Commissioner...

SEC Commissioner Uyeda recently highlighted the numerous benefits of securities tokenization, emphasizing the advantages of representing asset rights with digital tokens on a blockchain. He pointed out that this method offers increased security, transparency,...
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Bitcoin Decouples from US Stocks Amid Supply Challenges

Bitcoin has been facing a significant price drop, plummeting over 20% from its June highs above $70,000. This decline comes as Bitcoin decouples from surging US equities, with the 90-day correlation coefficient between Bitcoin...
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Bitcoin Price Retreats as Rising Interest Rates Impact Risk Assets

An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt. May 21, 2025, 7:01 p.m. Bitcoin's surge to a fresh all-time record on Wednesday ran into...
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Coinbase Nears Multi-Billion Dollar Deal for Deribit: Bloomberg

In a groundbreaking move that could reshape the landscape of the cryptocurrency industry, Coinbase, a prominent U.S. spot exchange, is on the brink of finalizing a multi-billion dollar deal with Deribit, a global leader...