Markets

Half of Sandoz’s revenue comes from Europe. Thus, it will be looking to leverage its brand presence in Europe for further growth. Emerging reports suggest that Novartis has completed the spinoff of its Generics and Biosimilars division, Sandoz, on Wednesday, October 4. The Swiss drug company first made its intention known in August 2022, commencing a strategic review to determine the fate of Sandoz. The review revealed a 100% spinoff was in the best interest of shareholders. Following...

Tron price started a fresh increase above the $0.0865 level against the US Dollar. TRX price is now trading above $0.0880 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0875 on the 4-hour chart (data feed via Kraken). The pair could continue to rise if it clears the $0.092 resistance zone. TRON price started a fresh increase above $0.0880 against the US Dollar, outpacing Bitcoin. TRX’s price could rise...

Bitcoin price started a fresh decline from the $28,500 zone against the US Dollar. The price is now trading above $27,000 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $27,220 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $26,600 support zone. Bitcoin price is declining below $28,500 against the US Dollar. BTC might eye another...

Coinbase-incubated layer-2 blockchain, Base, witnessed a dramatic rise, even briefly outshining Ethereum mainnet. Based on Optimistic Rollup and developed on the Ethereum network, Base utilizes OP Stack tech that has added to its appeal owing to the growing demand and popularity of alternatives in the ecosystem. However, its TVL has taken a hit in the past week. According to data from L2Beat, the total value locked in Base Network fell by more than 18.28% to $437 million in...

TL;DR BTC’s year-end price may be affected by macroeconomic factors and regulatory changes, particularly the possible approval of a Bitcoin ETF in the US. Market sentiment, endorsements from influential figures, and technical analysis could also drive short-term BTC rallies. Predictions range from BTC reaching $120,000 to $150,000 in the coming years, with the BTC halving event in 2024 considered a potential catalyst. BTC’s Catalysts at the End of the Year There are various...

Cardano has witnessed significant development activity in September, with developers consistently fueling the network’s advancement. According to the latest chart posted by CryptoDep using Santiment’s data, Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572, even during the crypto market slowdown. As such, the network continues to eclipse several prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos. Cardano...

The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins. After a strong start to October and Q4 2023, Bitcoin (BTC) price has dropped by 3% in the last 24 hours moving under $28,000. This happened amid some profit-taking as well as the global macro setup and the rising bond yield. Cryptocurrency markets experienced a Monday rally driven by optimism surrounding ETFs, which traders hoped would inject fresh...

The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts. Binance.US and Binance CEO Changpeng Zhao have both been slammed with a class-action suit. The suit was filed in the District Court of Northern California by a resident of the US state simply identified as Nir Lahav. According to the October 2 filing, Binance.US and Binance CEO played prominent roles in the downfall of its then competitor FTX. The filing also alleged that, in...

By mid-day, the ETFs had seen less than $2 million in trading volume. According to the analyst, this was “about normal” for a new ETF but low when compared to BITO, the first Bitcoin futures ETF, which did $200 million in the first 15 minutes of trading. The highly anticipated launch of nine new Ethereum futures exchange-traded funds (ETFs) has come to a seemingly underwhelming end. The new products went to market on October 2 and are designed to track futures contracts tied to the value...

Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform Labs, renowned for its Terra stablecoin, started operations in 2018. However, a sudden crash in May 2022 occurred when the Terra...