EUR/USD holds above 1.0850 on weaker US Dollar, eyes on US PCE data
The EUR/USD pair held firm above 1.0850 on Tuesday, benefiting from a weaker US dollar as investors adopted a cautious stance ahead of the upcoming US Personal Consumption Expenditures (PCE) data. This resilience in the euro comes amid expectations that the PCE report, a closely-watched inflation gauge for the Federal Reserve, could offer insight into […]
Celestia’s TIA suffers nearly 10% loss following $900 million token unlock
Celestia’s native token, TIA, experienced a nearly 10% decline following a $900 million token unlock event, heightening concerns around token supply and price stability. The large-scale unlock flooded the market with additional tokens, increasing the circulating supply and putting downward pressure on TIA’s value as selling activity spiked. This unlock is part of a scheduled […]
Polymarket accused of conducting wash trades around Trump odds as election draws near: Fortune
Polymarket, a decentralized prediction platform, faces allegations of engaging in wash trading to influence betting odds surrounding former President Donald Trump’s chances in the upcoming election, according to a report from Fortune. Wash trading—where traders buy and sell the same asset to artificially inflate trading volumes—raises concerns over market manipulation and the platform’s integrity as […]
Microstrategy reports third straight loss due to bitcoin impairment, underscoring crypto holding risks
MicroStrategy has posted its third consecutive quarterly loss, largely impacted by a fresh Bitcoin impairment charge amid continued market volatility. As one of the most prominent corporate Bitcoin holders, MicroStrategy’s earnings are heavily influenced by fluctuations in the cryptocurrency’s value, leading to notable impacts on its financial statements. In its recent earnings announcement, the company […]
Ripple, Ethereum, and Bitcoin show varied movements as new trading week begins in Asia
In early Asian trading on October 30, Ripple, Ethereum, and Bitcoin displayed mixed performance as investors gauge market direction amidst global economic adjustments and regulatory updates affecting cryptocurrencies. Bitcoin, the largest digital currency by market cap, held steady near key resistance points but may face upcoming volatility as traders monitor economic policies from central banks […]
XRP rises 2% as Ripple CTO stresses its integral role in ledger operations
XRP rose by nearly 2% on Tuesday, following remarks from Ripple’s Chief Technology Officer, David Schwartz, who emphasized XRP’s critical role in facilitating transactions on the XRPLedger. Schwartz underscored that XRP is indispensable to the ledger’s functionality, as every transaction within the XRPLedger depends on XRP, setting it apart in the crypto space. This price […]
UBS cautions key retail stocks could face earnings drop if Trump’s tariffs take effect
If former President Donald Trump’s proposed tariffs are implemented, three major U.S. retail stocks could face significant earnings declines, according to a new report from UBS. The investment bank warns that heightened tariffs on imported goods, particularly from China, could squeeze profit margins for these retailers, pushing their earnings lower in an already challenging market […]
WTI stabilizes around $67.50 following a surprise drop in US stockpiles
West Texas Intermediate (WTI) crude oil stabilized around $67.50 on Wednesday, following an unexpected drop in US crude stockpiles that surprised markets. The decline in inventories, reported by the Energy Information Administration (EIA), suggests stronger-than-expected demand or supply adjustments, lending short-term support to oil prices amid broader market volatility. The sudden stockpile reduction signals potential […]
Us dollar strength drives moves in major forex pairs and gold
The US Dollar attracted increased focus on Tuesday as it gained traction against major currency pairs, including EUR/USD, GBP/USD, and USD/JPY, while also impacting gold prices. Investors are closely monitoring key levels across these assets amid economic uncertainty and speculations surrounding interest rate changes. In the EUR/USD pair, the euro struggled as market participants await […]
Japan’s economic momentum lifts asian stocks; gold surges to record high
Asian stocks saw gains on Tuesday, bolstered by positive economic news from Japan, which lifted investor sentiment across the region. Strong fiscal measures in Japan have fueled confidence, drawing investments that have contributed to higher values on major Asian indices. In parallel, gold hit a record high as global market uncertainties drive investors toward safer […]