Indexes Extend Gains But Only This Sector Keeps S&P 500 In The Black The Nasdaq Composite Thrives The Nasdaq composite led with a 1.3% advance thanks to continued strength in the technology sector. This surge in the Nasdaq is a clear indication of the dominance of tech stocks in the current market environment. Companies like…
Non-profit Better Markets Supports SEC in Lawsuit Against Ripple Labs Inc. Recently, non-profit financial markets organization Better Markets filed an Amicus brief in support of the United States Securities and Exchange Commission (SEC) in its ongoing legal battle with Ripple Labs Inc. The organization put forward three compelling arguments to support its claims that XRP,…
Welcome to the Future: XRP and Solana Coming to CME The Chicago Mercantile Exchange (CME) is making big moves Get ready, crypto enthusiasts! The Chicago Mercantile Exchange (CME) is set to launch futures trading for XRP and Solana (SOL) on February 10, pending regulatory approval. This exciting news was revealed in a recent post by…
Stocks Rise on Strong Earnings and Tech Optimism Liz Miller Discusses Investor Confidence Stocks (^GSPC, ^IXIC, ^DJI) are on the rise thanks to strong earnings and optimism in the tech sector. Liz Miller, founder of Summit Place Financial Advisors, recently joined Wealth to explain why investors can feel confident about entering the market at this…
The Chicago Mercantile Exchange (CME) is set to introduce futures contracts for Solana and XRP What does this mean for the cryptocurrency market? The Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for Solana and XRP. There’s a potential launch date of February 10, contingent on regulatory approval. This move by CME…
Sonic Labs Embraces Chainlink’s Cross-Chain Interoperability Protocol What exactly does this mean? Recently, Sonic Labs made a big announcement – they have officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into their mainnet. This is a huge step for both companies, and has the potential to revolutionize the world of decentralized applications (dApps). What is Chainlink?…
Cryptocurrency Exchange Threatens to Delist Controversial Stablecoin A Bold Move by Coinbase Recently, the CEO of Coinbase, one of the largest cryptocurrency exchanges in the world, made a bold statement regarding Tether’s controversial stablecoin, USDT. He stated that Coinbase would delist USDT if authorities demand it or if Tether fails to comply with new US…
Ethereum (ETH) Struggles with Volatility and Underperformance Recent Price Action and Investor Disappointment Ethereum (ETH) has been underperforming in recent weeks, with its price action leaving investors disappointed following last week’s flash crash and heightened volatility. Despite initial hopes for a recovery, ETH has struggled to regain momentum, trending downward since mid-December. Factors Contributing to…
