XRP rally halted after South Korea declares martial law, whales weather selling pressure
The recent rally in XRP came to an abrupt halt following South Korea’s unexpected declaration of martial law. The move, aimed at addressing escalating political unrest, injected uncertainty into global markets, triggering a wave of caution among investors. As a result, the cryptocurrency, which had seen steady gains in recent weeks, faced significant selling pressure. […]
Paul Atkins shows reluctance to replace SEC Chair Gary Gensler
Former SEC Commissioner Paul Atkins has reportedly expressed reluctance to replace current SEC Chair Gary Gensler despite growing calls from certain sectors for a leadership overhaul at the agency. Atkins, known for his deregulatory stance during his tenure, is seen as a potential candidate to take on the role, but his hesitation highlights the complexities […]
Oil Holds Hefty Advance on OPEC+ Deal Progress, Iran Sanctions
Oil prices extended gains on expectations of an impending OPEC+ production deal and mounting supply concerns stemming from Iran sanctions. Market sentiment was bolstered by reports of productive talks among OPEC+ members, with potential agreements aimed at curbing output cuts in a bid to stabilize global prices. Brent crude climbed to $88 per barrel, marking […]
EUR/USD trapped below 1.06
The EUR/USD pair remains subdued, struggling to recover above the 1.06 mark, as market sentiment leans cautious amid mixed economic data and central bank speculation. Persistent strength in the U.S. dollar continues to weigh on the euro, driven by higher U.S. Treasury yields and expectations of prolonged monetary tightening from the Federal Reserve. Meanwhile, sluggish […]