In a significant development, the US Department of Justice (DOJ) has indicted Bill Guan, the Chief Financial Officer of Epoch Times, a global newspaper and media company, on allegations of participating in a scheme to launder approximately $67 million using crypto The Indictment The indictment accuses Guan of being involved in a “transnational money laundering…
UBS Raises MSCI All-Country World Equity Index Year-End Forecast Analysts at UBS Predict Positive Growth Due to Generative AI UBS recently announced an increase in their year-end forecast for the MSCI All-Country World Equity Index, raising it from 800 to 830. This revision comes as analysts at UBS point to the potential impact of generative…
Bitpanda turns to Deutsche Bank to handle customer deposits and withdrawals Crypto broker Bitpanda announced in a June 4 blog post that it will be partnering with Deutsche Bank to handle customer deposits and withdrawals. This partnership will allow Bitpanda users to have access to real-time payment services provided by Deutsche Bank. In addition, Deutsche…
Bitcoin Short-Term Holders Increase Holdings The Onchain Highlights When we talk about Onchain Highlights, we are referring to the total supply held by short-term holders of Bitcoin. This is essentially the amount of circulating supply that is held by individuals who have purchased Bitcoin recently. On the other hand, long-term holders are those who have…
Fundstrat Global Advisors’ Tom Lee Predicts S&P 500 to Reach Record High Managing Partner Bullish on Market Performance In a recent interview with CNBC, Tom Lee, the Managing Partner and Head of Research at Fundstrat Global Advisors, made a bold prediction that the S&P 500 index will rise 4% to a record high of 5,500…
FTX Reaches Settlement with IRS Over $24 Billion Tax Claim The Details of the Settlement FTX, a leading cryptocurrency exchange, has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be paid…
Funding rate volatility shows localized trading imbalances despite market stability Understanding the Funding Rate for Perpetual Futures The funding rate for perpetual futures serves as a proxy for market sentiment and shows the balance between long and short positions. Traders are required to pay a funding rate at set intervals, typically every eight hours, to…
Donald Trump Pledges to Secure Release of Detained Reporter Introduction In a recent announcement, former President Donald Trump reiterated his promise to secure the release of Wall Street Journal reporter Evan Gershkovich from Russian detention if he were to be re-elected. Gershkovich has been detained in a Moscow prison for over a year on spying…
