Bitcoin extended its gains today, reclaiming the key support level above $110,000 as easing macroeconomic tensions brought renewed momentum to the market. The total cryptocurrency market capitalisation rose by over 2% at the time of writing, stabilising above $3.85 trillion alongside a sharp uptick in trading activity. Bitcoin’s trading volume jumped more than 55% in […]
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Elon Musk’s SpaceX has made headlines again, this time not for a rocket launch, but for a major Bitcoin (BTC) transfer. The space exploration company has moved around 2,495 Bitcoin, worth roughly $268 million, to new digital addresses, marking its first significant cryptocurrency activity in three months. The transaction has caught the attention of both […]
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Ripple – the company behind the XRP token – made headlines on Wednesday after securing a $40 billion valuation through a strategic funding round. The said $500 million round was backed by major institutional names, including Citadel Securities, Galaxy Digital, and Brevan Howard. Ripple has expanded aggressively this year into custody, stablecoins, and prime brokerage […]
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Paramount Skydance is escalating its pursuit of Warner Bros. Discovery (WBD), urging the company’s board to accept its $23.50-per-share acquisition proposal, which it argues offers superior value to shareholders, reported CNBC, citing sources. The move comes as WBD explores a range of strategic options, including splitting into two entities or selling assets, with a formal […]
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The United States witnessed a series of high-impact developments on Wednesday across its political, defense, and economic fronts — from the Supreme Court scrutinizing President Donald Trump’s tariff powers, to a renewed nuclear missile test, shifting momentum in the electric vehicle market, and a modest rise in private-sector employment. Here’s a look at the key […]
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The USD/ZAR exchange rate rose for the fourth consecutive day as market participants reacted to the latest South African inflation data and the upcoming speech by Jerome Powell at the Jackson Hole Symposium in Wyoming. It rose to a high of 17.75, up from this month’s low of 17.47. South Africa inflation is rising The […]
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The South African rand had a strong performance in August, even as the US implemented tariffs against the country. The USD/ZAR exchange rate tumbled to a low of 17.4, its lowest level since November 2024, and 12.6% from its highest level this month. Why the South African rand has surged The USD/ZAR exchange rate retreated […]
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The EUR/USD exchange rate was flat this week as market participants reflected on key events, including the statement from Jerome Powell and the important macro data from the United States and Europe. It was trading at 1.1665 on Friday as investors waited for the upcoming US PCE report. Focus on the US monetary policy The […]
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US markets and political circles witnessed a busy Tuesday as the United States extended the deadline for a TikTok divestment, Waymo expanded its robotaxi testing, courts ruled on two high-profile criminal cases, and Wall Street edged lower ahead of the Federal Reserve’s policy meeting. US extends TikTok deadline to December 16 President Donald Trump again […]
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Stocks were muted on Wednesday as Wall Street braced for the Federal Reserve’s interest rate decision and policy outlook later in the day. The S&P 500 inched up 0.1%, while the Nasdaq Composite slipped 0.1%. The Dow Jones Industrial Average fared better, rising 158 points, or 0.3%. Nvidia fell more than 1% after the Financial […]
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