Financial News
- Ibrahim Ajibade
As May 2024 approaches, over $3 billion worth of tokens are about to be unlocked across seven different projects, according to TokenUnlocks data. The two largest unlocks will be from DeFi oracle network Pyth and crypto derivatives platform Aevo (formerly Ribbon Finance). Most crypto projects make their total supply of
- Vladimir Zernov
The report indicated that wage pressures picked up, while price pressures declined.
- Bob Mason
Eurozone Economic Sentiment dips, fueling speculation of June ECB rate cut. However, German inflation numbers also need consideration later today.
- Ibrahim Ajibade
Bitcoin (BTC) ETFs recorded the outflows of $328 million last week, the highest since the SEC approval in January 2024. What could happen in the week ahead?
- Ibrahim Ajibade
Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus.
- Ibrahim Ajibade
The crypto sector has continued to struggle for stability since Bitcoin Halving on April 20. Here’s how BTC, ETH, SOL and DOGE performed over the weekend.
- Ibrahim Ajibade
The cryptocurrency landscape closes yet another dramatic week with Binance founder Changpeng Zhao, Ripple Laps & Shiba Inu seizing the limelight.
- Bob Mason
In the week ahead, US labor market data, ISM Services PMIs, and the FOMC press conference will be focal points amidst fading bets on Fed rate cuts.
- Bob Mason
The broader crypto market faced the threat of another weekly loss going into Saturday (April 27) while activity in the US courts drew interest.
- Ibrahim Ajibade
Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of the new standard.
- Vladimir Zernov
Year-ahead inflation expectations increased from 2.9% to 3.2%.
- James Hyerczyk
Fed’s inflation measure exceeds forecasts; all-items PCE index signals robust inflation, with March seeing substantial income rise, boosting spending.
- Bob Mason
The USD/JPY jump to 156 will spotlight the Bank of Japan press conference that precedes the all-important US Personal Income and Expenditures Report.
- James Hyerczyk
Alphabet and Microsoft boast strong earnings in digital ads, AI, and cloud; Snap’s Q1 shows notable user and revenue growth.
- James Hyerczyk
Microsoft may exceed growth expectations; Alphabet’s AI strategy aims to keep its market edge; earnings to influence quarter’s stock performance.
- Vladimir Zernov
The National Association of Realtors expects that existing home sales will grow by 9% in 2024.
- James Hyerczyk
Q1 2024 sees modest GDP rise of 1.6%, federal cuts vs. state hikes, and a purchase price index jump to 3.1%.
- Bob Mason
German GfK Consumer Climate improves: Willingness to Save limited the upside amidst lingering uncertainties about the economy and labor market.
- James Hyerczyk
Meta’s shift to AI and metaverse likely to exert short-term pressure on Nasdaq 100 due to significant investments and ongoing losses.
- Vladimir Zernov
Gasoline inventories declined by 0.6 million barrels from the previous week.