Tag Archives: News

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 The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed.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...

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...

Being the largest US retailer, Walmart will boost the popularity of Pudgy Penguins by offering a variety of 16 Pudgy Toys, priced from $2.99 to $11.97. The weekly trading volume of the prominent NFT project, Pudgy Penguins, experienced a significant surge after its collaboration with the retail giant Walmart. Between September 24 and October 1, Pudgy Penguins recorded a trading volume of $3.32 million, marking a remarkable 241% increase compared to the previous week. This weekly volume...

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...

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...

If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.  Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale Ethereum Trust (ETHE) into a spot Ethereum Exchange-traded fund (ETF). According to an official press release on Monday, the Form 19b-4...