The Japanese Yen (JPY) experienced a retracement of its recent gains following the release of the Manufacturing Purchasing Managers Index (PMI) by Jibun Bank and S&P Global on Friday. Despite the JPY’s strength, the USD/JPY pair declined after Bank of Japan (BoJ) Governor Kazuo Ueda’s comments, which hinted at a […]
Tether, the leading stablecoin provider, has announced impressive financial results, revealing a staggering $2.5 billion profit for the third quarter of 2024, according to its latest attestation report. This profit marks a significant achievement for the company, contributing to a year-to-date total of $7.7 billion, a notable increase from $5.2 […]
In a dramatic turn of events, Coinbase’s stock plummeted by 15.3% on Thursday, marking its worst trading day since July 2022. This steep decline came just a day after the U.S.’s largest publicly traded cryptocurrency exchange revealed third-quarter earnings that fell significantly short of analyst expectations. With shares closing at […]
In a landmark ruling, a federal jury in Tampa, Florida, has convicted 21-year-old Berman Jerry Nowlin, Jr.—known online as “Repulse” and “Zayous”—of orchestrating a fraudulent NFT scheme that exploited investor enthusiasm for quick profit. The U.S. Department of Justice (DOJ) announced on Thursday that Nowlin, alongside his codefendant Devin Alan […]
In a recent report, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou suggest that a potential victory for Donald Trump in the upcoming U.S. presidential election could ignite a surge in retail demand for both Bitcoin and gold. As market dynamics shift, the analysts highlight intriguing trends in retail investment […]
In a significant milestone for the cryptocurrency industry, OKX has announced that it has maintained a consistent 100% reserve ratio for two consecutive years, as confirmed in its latest Proof of Reserves (PoR) report for October 2024. The exchange, which holds over $20.3 billion in user assets, showcases its commitment […]
Bitcoin (BTC) experienced a sharp decline, dropping nearly 4% in just 24 hours. The price fell from $72,500 to just above $69,000, contributing to a broader crypto market retreat that saw overall market capitalization decrease by 5.5%. This downturn was particularly impactful, leading to over $250 million in liquidations of […]
The crypto market experienced a notable shake-up as Bitcoin (BTC) prices dipped nearly 4% within a day, dropping from a high of $72,500 to just above $69,000. This move wiped out recent gains and triggered over $250 million in liquidations across bullish futures positions, setting off alarms in the trading […]
