Markets

A substantial group of Evergrande’s offshore creditors is considering joining a liquidation court petition against the developer if it fails to submit a new debt restructuring plan by the end of October. The embattled Chinese property developer Evergrande witnessed a substantial surge in its shares as trading resumed in Hong Kong following a brief suspension last week. The company’s shares soared by more than 40% early on and maintained a 20% gain as trading progressed. The significant...

ADA price is correcting gains from the $0.270 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.256 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.265 and $0.270 resistance levels. Cardano’s price is rising above $0.255 against the US Dollar, similar to Bitcoin. ADA price could resume...

Ethereum price started a downside correction from the $1,750 resistance against the US Dollar. ETH price is now trading above $1,640 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,640 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,635 support zone. Ethereum price is declining below $1,750 against the US Dollar. ETH/USD remains at a risk of more...

US-based cryptocurrency exchange Coinbase has successfully obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), building on its in-principle approval granted by the state regulator in October of the previous year. This significant milestone grants the company the authority to provide regulated digital payment token (DPT) products and services. As a result, the exchange is poised to expand its offerings of DPT services to a broader...

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind for the region East Asia owing to Hong Kong’s crypto initiatives and industry-friendly regulations that have been launched over the past...

The crypto market continues to experience its fair share of ups and downs. However, two tokens, Chainlink and Stellar are putting up a fight against the bears. Meanwhile, Tradecurve Markets has introduced a next-gen TradFi platform predicted to replace traditional exchanges. Summary: Chainlink’s price is currently $7.12. Stellar launched a new website in hopes of ending the price decline. The Tradecurve market introduces anonymous trading. >Visit The Tradecurve Markets...

The crypto market may have failed to post a bullish breakthrough in September, but that did not stop malicious entities from stealing funds. According to the latest stats by CertIK, approximately $332 million in various digital assets has been lost to exploits, hacks, and scams in September September Sees Record-Breaking Losses Funds pilfered by exit scams were recorded to be around $1.9 million, while flash loans accounted for almost $0.4 million. Crypto-related exploits, on...

JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The 360-foot-tall venue is located at the Venetian Resort and will host live concerts and sporting events. Everything you need to know about the all new MSG Sphere in Las...

October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases. The trio is set to release more than $130 million into the market collectively, with Axie Infinity having the largest increase in the circulating supply of its AXS token at 11.5%. Axie Infinity’s AXS Token Unlock Leading in token unlocks this month is Axie Infinity, a blockchain-based NFT game. According to TokenUnlocks...

Dogecoin (DOGE) and Shiba Inu (SHIB) are back making moves, with both coins seeing significant price pumps over the past few days. Amid this backdrop, ChatGPT has weighed in with its price analysis for DOGE and SHIB, along with a prediction for where their values could go before the end of the year. ChatGPT has also highlighted a brand-new coin, Meme Kombat (MK), that it believes could be primed to explode in the months ahead. ChatGPT Predicts Continues Upside for Dogecoin as...