USD/JPY tracking higher above 155.00 Yen falls deeper in the hole Despite supportive comments from Suzuki and Ueda, the USD/JPY pair continues to climb above 155.00. More from Ueda: “Doesn’t see yen moves as having a big impact on trend inflation so far.” The yen seems to be losing ground as FinMin Suzuki keeps on…
Crypto Super PACs raise $102M to support crypto-friendly US candidates Background According to a report by Public Citizen, Crypto Super PACs have amassed $102 million in funds ahead of the US elections to advocate for candidates supportive of the industry. This significant sum includes approximately $54 million from direct corporate contributions, with notable contributions from…
Plus500 Reports Outstanding Performance in Q1 2024 Israeli Retail Broker Delivers Strategic Progress Plus500, an Israeli retail broker listed in London, has highlighted its performance in the first quarter of the ongoing year as “outstanding.” The broker’s statement came ahead of its Annual General Meeting, which will be held today (Tuesday). “The Group delivered strategic…
The Escalation in Gaza: A Fragile Ceasefire Introduction A few hours after the Palestinian Islamist Hamas movement announced that it would agree to the mediators’ proposal for a ceasefire in Gaza, the Israeli army attacked targets in the east of the city of Rafah late on Monday evening. According to an army spokesman, the targets…
Nigeria to Remove Naira from P2P Trading Platforms to Curb Currency Manipulation The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), reportedly revealed this plan during a virtual meeting with the country’s…
Welcome to the Wacky World of Coal Imports! The Surprising Rise of Russian Metallurgical Coal Imports Did you know that imports of metallurgical coal from Russia have skyrocketed in the last three years? It’s true! According to a research firm, these imports have increased three-fold to around 15.1 million tonnes in 2023-24. This unexpected surge…
The Rise of Coinbase in 2024 A Breakdown of Coinbase’s First Quarter Earnings In the first quarter of 2024, Coinbase reported a staggering $1.6 billion in revenue, marking a significant increase from $772 million in the same period the previous year. This growth can be attributed to the continued mainstream adoption of cryptocurrency and an…
SEC Postpones Decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF What Does This Mean for the Future of Cryptocurrency Investments? The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF. The ETF, which plans to invest 80%…
