Financial News
- Ibrahim Ajibade
Grayscale Investments, the world’s largest cryptocurrency asset manager, has withdrawn its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs. The sudden withdrawal has left analysts and the market in confusion, with speculation
- 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.
- James Hyerczyk
Apple’s Q2 EPS of $1.53 beats forecasts, share buyback and dividend hike boost shares; CEO Cook optimistic despite sales issues.
- Vladimir Zernov
Natural gas market is trying to form a bottom as traders bet on a rebound.
- James Hyerczyk
Market outlook positive with stable jobs, rising costs, and a slight trade deficit improvement hinting at balanced growth.
- Ibrahim Ajibade
Changpeng Zhao, the Binance Founder/ ex-CEO, was sentenced on Tuesday, April 30 to four months in prison after pleading guilty to violating US money-laundering laws.
- Vladimir Zernov
Fed noted that there has been a lack of progress towards its 2% inflation target in recent months.
- Vladimir Zernov
JOLTs Job Openings declined to 8.49 million in March, missing analyst expectations.
- James Hyerczyk
April’s private payrolls beat expectations, with a multiyear low in wage growth offering relief amidst inflation concerns.