Yesterday’s Market Movement: A Fundamental Overview USD Weakens Across the Board Yesterday, the USD weakened across the board following a benign US CPI report where the data came in line with expectations. The market firmed up the rate cuts expectations with September and December now fully priced in. We saw a general risk-on sentiment as…
My Crypto Adventure: Navigating the World of DeFi Compliance Grand Cayman, Cayman Islands, May 16th, 2024 Chainwire With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burden. Today, Netki, a digital identity verification leader, announced the launch of their…
Bitcoin Surges Above $66K as Inflation Data Sparks $48 Million in Liquidations The Impact of Inflation Data on Bitcoin Bitcoin’s price has surged above the $66,000 mark, leading to a spike in short liquidations totaling over $48 million in the past 24 hours. It followed the release of favorable U.S. inflation data, indicating a potential…
Welcome to our Delightfully Offbeat Blog! Raoul Pal: Crypto ‘Banana Zone’ to Hit in 2 Weeks, Prices to EXPLODE 4x! In a recent podcast, Raoul Pal sheds insights into the “Banana Zone” and his “Everything Code” framework, which provides a comprehensive understanding of how global liquidity cycles drive asset prices, particularly in the tech and…
Children in England to Not Be Taught Gender Identity in Schools Growing Concerns about Transgender Issues Children up to the age of 18 at schools in England will not be taught gender identity under government proposals published Thursday, amid growing concern in the UK and elsewhere about transgender issues. The move follows a landmark review…
Another Masterpiece Emerging from Chaos, or Just a Chaotic Mess? Francis Ford Coppola’s Return to Cannes with “Megalopolis” The Return of a Legendary Director Another masterpiece may be emerging from chaos as Hollywood’s mythologised director, Francis Ford Coppola, returns to the Cannes Film Festival with the almost impossibly hyped “Megalopolis”. Coppola finds himself in a…
CME to Offer Spot Bitcoin Trading: Impact on Binance and Coinbase The Chicago Mercantile Exchange (CME), a leading bitcoin futures exchange, is reportedly considering offering spot bitcoin trading. This move could significantly impact major players like Binance and Coinbase by providing a regulated trading environment for bitcoin, addressing growing demand among market participants. Interestingly, followed…
World Stocks Hit Record Highs on Interest Rate Cut Hopes World stocks scored a third straight record high and bond markets were rallying on Thursday as galvanized hopes of interest rate cuts in the United States and other major economies extended a month-long global bull run. Investors were still basking in the glow of Wednesday’s…
