Markets

Li Auto claims to have grabbed 20% of the total market for SUVs in the price range of 300,000 yuan ($43,674) to 500,000 yuan.  Chinese electric carmaker Li Auto registered a massive surge in sales for the last month of March and thus for the entire Q1 2023. During the month of March, Li Auto delivered a total of 20,823 vehicles. This was more than what rival company Xpeng did during the entire first quarter. Li Auto in Q1 2023 During the first three months of the year, Li Auto delivered a...

Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a...

The expansion of crypto payments in the non-profit sector has opened avenues for donors. Non-profit organizations of different shapes, sizes, and missions have seen continued success as a result of this emerging philanthropy landscape. The expansion of the donation option has already generated results. According to the latest data compiled by prominent crypto charity platform, ‘The Giving Block,’ cryptocurrency donations are set to surpass a whopping $10 billion in the next...

43% of the 1,500 Singaporean respondents in a recent Independent Reserve survey said they own some amount of cryptocurrencies. In comparison, last year’s research estimated the figure to be around 40%, while the adoption levels were 43% in 2021 (during the bull run). 77% of the HODLers said they have two or more digital assets, with diversifying portfolios being the main reason behind the investment. The New Trends Following the Market’s Revival Apart from the surging crypto...

Ripple’s price has surged in recent weeks, following a breakout above the significant $0.43 resistance level. However, it may be too early for the bulls to celebrate the end of the bear market, as warning signals are emerging. Technical Analysis By: Edris XRP/USDT Daily Chart: The price has risen almost vertically in the past few weeks, following a breakout above the $0.43 level and both the 50-day and 200-day moving averages, which are located around the $0.4 mark. These...

ETH’s price has been on the rise since rebounding from the $1000 area and has broken through multiple significant resistance levels. However, the cryptocurrency is currently demonstrating a lack of momentum, hinting at a potential correction in the short term. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been holding above the broken symmetrical triangle after breaking it to the upside. However, the $1800 resistance area is yet to be...

Tron Founder Justin Sun’s tenure as Grenada’s Ambassador to the World Trade Organization (WTO, came to an end on March 31.  The end of Sun’s diplomatic status comes shortly after the SEC accused the Tron boss of fraud and market manipulation. Justin Sun, in a tweet thread, announced the end of his term as Grenada’s representative to the WTO, which took effect on Friday, March 31, 2023. Sun stated he gained valuable experience during his time as ambassador, adding that he was...

Another executive that worked with the now defunct crypto exchange FTX has pleaded guilty to criminal charges. Nishad Singh – who worked as the former director of engineering at the exchange – has pleaded guilty to approximately six conspiracy charges, as well as conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to violate federal campaign finance laws. Another FTX Employee Has Been Taken Down Damian Williams – a US attorney for the...

Weeks after the failure of a series of US banks as well as the Credit Suisse chaos, the crypto market has considerably recovered but the same cannot be said for a prominent stablecoin that has served as a backbone for DeFi trades – USDC. The confidence in Circle-backed stablecoin remains severely battered as investors continue to flee to Tether (USDT), the controversial stablecoin, in search of a safety net amidst the turmoil. USDC Outflow USDC’s market cap was down by over...

With the declining trading volumes during the weekend, bitcoin has stalled but remained north of $28,000. Most larger-cap altcoins are in a similar position, aside from Dogecoin and Shiba Inu. HBAR is also well in the green. BTC Settles Above $28K The massive volatility that bitcoin faced last week saw the asset dumping from over $28,000 to $26,500 in hours on Monday when the US CFTC went after Binance. However, that was just the start of the rollercoaster week that drove BTC...