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Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says
Ethereum's gas fees plummeted to a five-year low earlier this week, with some attributing the drop to users and applications migrating to trendier blockchains.Analyst Ryan Lee suggests…
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Ex-Bank of Japan Official Rules Out Another Rate Hike This Year
Makoto Sakurai ruled out additional rate hikes this year, offering hope to risk assets.The next move may come in March 2023, the official saidA former Bank of Japan (BOJ) official said…
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Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week
BTC and the broader crypto market experienced a selloff over the weekend, with BTC trading slightly above $58,500, down 4.8% in the last 24 hours. U.S.-listed exchange-traded funds…
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Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains
An early Wednesday rally in stocks and crypto has sizably reversed.While JPMorgan chief Jamie Dimon continues to worry about inflation, former FRBNY President Bill Dudley said the…
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Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case
A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws.The judge reiterated her view that…
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Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC
Morgan Stanley is making the move in response to demands from its clients.The January approval of bitcoin ETFs raised hopes that they would attract the deep pockets of financial…
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Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood
Bitcoin's (BTC) attempt at even a modest early rally during U.S. trading hours Friday was quickly snuffed out, the price dropping 4% in about the past ninety minutes alongside a major…
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Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses
Bitcoin's price dipped to $66,000 early Tuesday, erasing last week's gains.The slide came after the U.S. government moved $2 billion worth of bitcoin, raising concerns of potential…
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Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources
Circle stock is said to be trading around a $5 billion valuation for the company ahead of its planned listing.The firm reached a valuation of about $9 billion in 2022 when it first…
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Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens
China's surprise rate cut signals panic, adds to risk aversion in the market.The steepening of the U.S. Treasury yield curve is the biggest risk, one observer said.Risk assets slid…
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