Financial News
- Ibrahim Ajibade
Ripple, Binance, and Pepe coin igniting a flurry of speculations among crypto market participants. Here’s a closer look into this week’s top headlines that influence the crypto market trends in the week ahead.
- Ibrahim Ajibade
Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and
- Bob Mason
The US CPI Report could prove pivotal for the global financial markets. Nevertheless, stats will also put the BoE, ECB, and the RBA in focus.
- Ibrahim Ajibade
PEPE has showcased some impressive performance over the last few days, with the memecoin now steadily closing in on its all-time high.
- Bob Mason
The US BTC-spot ETF market saw modest inflows in the week ending May 10, with Fed policy uncertainty and intensifying SEC scrutiny testing buyer demand.
- Ibrahim Ajibade
Binance Hit with $4.3 Million Fine in Canada Canadian financial regulators levied a C$6 million ($4.3 million) fine against leading cryptocurrency exchange Binance citing two separate “administrative violations” of the country’s financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the nation’s financial intelligence unit, said in
- Vladimir Zernov
Year-ahead inflation expectations increased from 3.2% in April to 3.5% in May.
- James Hyerczyk
Traders should watch for signs of easing in ECB’s monetary policy, which could influence market trends and investment decisions in the coming months.
- Bob Mason
Service sector growth reignites, with a notable 0.7% increase in Q1, marking the first quarterly rise in a year, supporting the rebound in the UK economy.
- Ibrahim Ajibade
The US SEC has maintained Ripple should pay close to $2 billion in fines for selling XRP to institutional investors, in response to a $10M counter-proposal.
- Vladimir Zernov
Natural gas prices continue to rebound from May lows as traders react to the EIA report.
- Ibrahim Ajibade
Dogwifhat price dipped below $2.8 on May 9, down 24% from its monthly peak, but markets data shows WIF speculative traders continue to place bullish bets
- James Hyerczyk
The Bank of England deems the MPC’s restrictive monetary policy necessary to ensure return to 2% inflation target.
- Bob Mason
China’s trade surplus expands, fueling optimism in global markets of a pickup in global demand and an improving macroeconomic environment in China.
- Ibrahim Ajibade
FTX customers are poised to recover all of the money they lost when the firm collapsed in 2022 plus interest accoriding to bankruptcy lawyers.
- Vladimir Zernov
Gasoline inventories increased by 0.9 million barrels from the previous week.
- Ibrahim Ajibade
Grayscale Investments withdraws its Ether futures ETF application ahead of SEC decision, leaving the fate of spot Ethereum price hanging in the balance.
- Ibrahim Ajibade
Binance CEO Richard Teng says the Nigerian government has made a “dangerous precedent” for all companies worldwide following the detention of the exchange’s two employees. The arrest of two mid-level employees following their invitation to collaborate on policy meetings in Nigeria sets a “dangerous new precedent for all companies worldwide,” Binance CEO Richard Teng
- Bob Mason
Industrial production woes returned in Germany: consumer goods and energy sectors were hit hardest in March.
- Ibrahim Ajibade
Grayscale’s Bitcoin Trust (GBTC) experienced a second consecutive day of net inflows, marking a remarkable turnaround from a $17.5B outflow streak.