USD/JPY Reaches 156.00 Amid Fed’s Firm Monetary Policy Quick Look: USD/JPY Surge: The pair hits 156.00, driven by a robust US Dollar and the Fed’s policy stance. Fed’s Position: No immediate rate cuts despite April’s CPI data, per Fed’s John Williams. Yen’s Decline: Yen is down 9.4% this year, impacting Japan’s economy with mixed effects. In Friday’s bustling European trading ...
GameStop, AMC Surge: Meme Stocks Reflect Market Froth Quick Look: Meme Stock Resurgence: GameStop and AMC experienced dramatic price swings this week, reminiscent of the 2021 mania. Market Concerns: 43% of MLIV Pulse poll respondents see meme stock surges as a warning sign for market frothiness. Broader Market Context: S&P 500 and Nasdaq 100 hit records, with mixed views on ...
Alphabet’s Google Legal Strategy In Antitrust Battle Quick Look: Non-Jury Trial Request: Google seeks a bench trial for the antitrust lawsuit, citing technical complexities best understood by a judge. DOJ Lawsuit: The Justice Department accuses Google of monopolistic practices in digital advertising, calling for divestiture of its ad manager suite. Strategic Defence: Google argues that historical antitrust cases typically involved ...
Revolutionizing Geospatial Data: Natix Network ICO’s $8.5M Goal Quick Look Natix Network leverages blockchain and crowdsourcing to create a real-time, dynamic geospatial map, ensuring privacy and security with proprietary AI and edge computing. Active until May 23rd, aiming to raise $8.5 million with a token price of 0.001 USD per NATIX. Accepts USDT and USDC, with $100 to $2000 investment ...
Bitcoin Investing Simplified: 11 Spot ETFs Approved In 2024 Quick Look: Spot Bitcoin ETFs: Approved by the SEC in January 2024, making BTC investments as easy as buying stocks. ETF Mechanics: Track Bitcoin’s price like gold ETFs; rely on Bitcoin’s growth for millionaire potential. Fee Impact: ETF fees vary; lower fees like Franklin Templeton (0.19%) outperform higher fees like Grayscale ...
Microsoft Urges 700+ China Employees to Move Due to Sino-US Tensions On the 16th of May, 2024, Microsoft requested some of its China-based employees to consider relocating outside the country. This request comes amid escalating Sino-US tensions, specifically in the realm of advanced technology and artificial intelligence (AI). The geopolitical strain, fuelled by the United States’ efforts to limit ...
Common Wealth’s WLTH Token ICO Sale Aims to Raise $9 Million Quick Overview Common Wealth opens early-stage crypto investments to retail investors, traditionally reserved for venture capitalists. WLTH token sale starts on 22 May, aims to raise $9 million with 1 WLTH priced at 0.06 USD. It facilitates governance, access to premium features, and token-gated discussions within the platform. Features ...
Drift Protocol’s 218% Surge: High Volatility Unveiled Key Points Drift Protocol, a Solana-based decentralized exchange, offers non-custodial trading, spot trading, perpetual trading, and lending with annual yields of up to 10%. The DRIFT token, priced at $0.3186, shows significant volatility with a 24-hour trading volume of $40,952,181.82. Experienced an all-time high of $1.25 and a low of $0.1 on May ...
ALEX Lab Token Is Tumbling: May 2024 Market Trends Quick Overview ALEX Lab trades at $0.1435, with a 24-hour volume of $24.24M and a 25.96% price drop in the last 24 hours. Circulating supply of 640M tokens, market cap at $91.58M, fully diluted valuation at $142.87M. Price range in the past week: $0.14 to $0.2525; all-time high at $0.5399 on ...
Solana Gains 4% to $159.2, Institutional Interest Peaks Quick Look: Institutional Interest: Solana has gained traction among institutional investors, showing notable price increases and positive market sentiment. Market Performance: Currently priced at $159.2, SOL has seen a 4% increase in the last 24 hours, with a market cap of $71.3 billion. DeFi and Memecoins: DeFi activity on Solana is up, ...