Financial News
- 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.
- James Hyerczyk
Disney’s strategic focus on streamlining its streaming operations and enhancing its experiences sector may boost the stock’s short-term outlook.
- Bob Mason
RBA Governor Michele Bullock discussed tight labor market conditions, weak consumption, immigration, and the upcoming budget at the press conference.
- Ibrahim Ajibade
XRP price is poised to rally above $1,000 according to an Analysts’ liquidity sheet factoring in a daily cross-border payment volume of $1 trillion.
- Ibrahim Ajibade
Shiba Inu (SHIB) has continued to attract the attention of crypto traders in India as it became the most traded coin on WazirX exchange for April 2024.
- Bob Mason
FOMC member commentary, economic indicators from China, and key stats from Germany and Japan will warrant investor attention in the week ahead.
- Bob Mason
The BTC-spot ETF market tested buyer demand for BTC, while XRP trended upwards amidst court filings from the SEC and Ripple.
- Ibrahim Ajibade
Shiba Inu (SHIB) price surge 20% within the daily timeframe on Friday May 3, as market reacted to a landmark Paypal integration.
- Vladimir Zernov
The index indicated contraction after 15 consecutive months of growth.
- James Hyerczyk
The U.S. labor market displayed signs of cooling in April, with job growth falling short of expectations and the unemployment rate inching higher.