Bitcoin price volatility remains front and center for investors, according to BitMine chair Tom Lee, who warned this week that BTC could still suffer drawdowns of up to 50% even as institutional interest and spot ETFs grow. Lee’s view blends caution with conviction: while he sees a longer-term upside, he says sharp corrections will remain […]
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Digital currencies performed relatively well on Thursday. The global cryptocurrency market cap increased by 1.15% over the previous day to $3.7 trillion as Bitcoin tested $110,000 again, trading at $109,899. While fear still gripped the broader market, Hyperliquid’s native coin displayed substantial bullish momentum. HYPE climbed from an intraday low of $34 to press time’s […]
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The ongoing US government shutdown is poised to directly impact thousands of air travellers, as Transportation Secretary Sean Duffy warned Wednesday. In the latest update, a 10% reduction in flights will be implemented at 40 major airports starting Friday morning if the impasse is not resolved. The decision, officials said, is a direct result of […]
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The Nigerian naira has staged a strong comeback this year, helped by the substantial demand for it bonds, falling US dollar, and supportive technicals. The USD/NGN exchange rate was trading at 1,487 on Thursday, down from the year-to-date high of 1,609. The Nigerian naira has surged amid carry trade bets One reason why the Nigerian […]
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Argentina’s financial markets remained under pressure from persistent exchange rate pressures on Wednesday, as the squeeze on the Treasury accelerated due to the erosion of revenue from a special liquidation scheme with agricultural exporters. The Ministry of Economy has sold almost $1.6 billion over the past six sessions to support the weakening peso, according to […]
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Tesla stock (NASDAQ: TSLA) witnessed its stock plunge over 3% in the early market trading on Tuesday. The latest pullback reverses some of the gains from the previous session and underscores ongoing volatility in the electric vehicle giant’s stock. The drop in Tesla stock indicates a cautious sentiment among investors amid fluctuating momentum and comes […]
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Apple Inc. is close to finalising a deal with Alphabet Inc.’s Google to use its powerful 1.2 trillion parameter Gemini AI model to overhaul Siri, Bloomberg reported, citing people familiar with the matter. The partnership, expected to cost Apple around $1 billion annually, would represent one of the largest AI licensing arrangements in the technology […]
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Shares of WeRide began trading on the Hong Kong Stock Exchange on Tuesday, marking another step in China’s push to strengthen its global technology footprint while reducing reliance on US capital markets. The Guangzhou-based autonomous vehicle developer is now listed on both the Nasdaq and Hong Kong’s main board, positioning itself at the intersection of […]
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The US consumer price index (CPI) rose 0.3% in September from the previous month, bringing the annual inflation rate to 3%, the Labor Department said on Friday. The reading came in marginally below economists’ expectations of a 0.4% monthly gain and a 3.1% annual increase, according to a Dow Jones survey. Excluding volatile food and […]
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The Zimbabwe ZiG currency has moved sideways this year as it outperformed many of its peer currencies. Data provided by the central bank shows that the exchange was trading at 26.7 today, August 19, where it has remained in the past few months. Zimbabwe ZiG helped by key tailwinds The Zimbabwe ZiG currency remained in […]
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