Cryptocurrencies News
- Bob Mason
Coinbase rallied 8%, while XRP faced a weekly loss despite both battling the SEC in the Courts. Court rulings from both cases could impact the crypto market.
- James Hyerczyk
Steady job growth and wage increases indicate a robust U.S. labor market, supporting bullish sentiment despite slight revisions in previous months.
- James Hyerczyk
Investors are hoping the NFP report indicates a soft landing scenario, where job openings and hiring slow, but layoffs remain minimal.
- James Hyerczyk
Annual pay growth remained steady at a 5% rate for the third consecutive month, reflecting a deceleration in wage gains alongside job creation.
- Bob Mason
Investor sentiment toward the Fed rate path, US politics, and SEC vs. crypto case-related news influenced buyer demand for BTC and broader crypto market.
- James Hyerczyk
Stability in inflation and income growth suggests a steady economic environment, although slightly softer personal spending growth warrants attention.
- James Hyerczyk
The Fed’s Beige Book signals a bearish market outlook due to high interest rates and tight credit.
- Ibrahim Ajibade
Former US President, Donald Trump has doubled down on his support for the cryptocurrency industry, emphasizing the importance of American dominance in the growing sector.
- Ibrahim Ajibade
After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will once again decide whether to extradite the Terraform Labs co-founder to the United States or South Korea.
- Ibrahim Ajibade
Ethereum price surged above $3,850 twice in the last 48-hours, as bullish investors front-run influx of funds into the newly-approved ETH spot ETFs.
- Bob Mason
ETH stole the show, with the SEC approving the first 19b-4 application, while the US BTC-spot ETF market extended its inflow streak to three weeks.
- Ibrahim Ajibade
In a landmark decision on May 23, 2024, the U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum Exchange-Traded Funds (ETFs).
- James Hyerczyk
The slight decrease in initial claims, combined with the stability in the insured unemployment rate, indicates that the labor market is holding steady.
- James Hyerczyk
Waller’s critical stance on the recent progress reflects a cautious optimism, grading the inflation report as “C-plus.”
- Ibrahim Ajibade
Ethereum prices received a remarkable 20% boost on May 20 as media reports suggests an imminent approval of ETH spot ETF by the US SEC.
- James Hyerczyk
Fed officials remain cautious on rate cuts, focusing on inflation. Despite April’s data, a June rate cut is unlikely; markets eye September.
- Bob Mason
US inflation and retail sales figures raised investor expectations of a September Fed rate cut, driving buyer demand for BTC and the broader crypto market.
- Ibrahim Ajibade
Crypto News Today: U.S. Senate votes against SEC crypto rule, CME Group plans spot Bitcoin trading, and JPMorgan reports a drop in Bitcoin mining costs. Stay updated on the latest developments in cryptocurrency. In today’s crypto news, the U.S. Senate votes to overturn an SEC rule affecting banks’ dealings with
- Ibrahim Ajibade
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day of inflows. Blackrock’s IBIT ETF Leads the Way with $94M Inflows BlackRock’s IBIT, the second largest in terms of net asset value, saw the largest amount of
- Ibrahim Ajibade
The crypto market entered a mild-correction phase on May 16 after pulling in over 100 billion capital inflows in the last 24-hours. As institutional involvement in crypto grows, Vanguard, Microstrategy and Blocktower dominated the headlines with varying landmark events. Vanguard’s New CEO Rules Out Spot Bitcoin ETF Launch Salim Ramji,