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Bitcoin Struggles to Maintain Support Level Above $27K amid Weakness in Altcoins and US Stock Market Rebound
By Steve Muchoki
• 3 mins read
Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics.
Binance to List Neutron (NTRN) with Seed Tag to Enable Mainstream Adoption of Interoperable Smart Contracts
By Steve Muchoki
• 3 mins read
In a bid to showcase how serious the Neutron project has become, more than 190 million ATOM tokens have been staked through the CosmWasm platform.
Former Italian Central Banker Piero Cipollone Defends Digital Euro as He Seeks to Replace CBDC Supremo Fabio Panetta
By Steve Muchoki
• 3 mins read
The ECB lawmakers favored Cipollone’s candidacy to steer forward the agenda of a digital Euro to reinforce the public money infrastructure amid the mainstream adoption of digital assets.
Matrixport: Bitcoin Is Better than Digital Gold and Huge Cash Inflow to Crypto Assets Is on Horizon
By Steve Muchoki
• 3 mins read
The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months.
Hong Kong Officials Warn Investors to Stay Away from Retail Stablecoins since They Are Unregulated
By Steve Muchoki
• 3 mins read
The Hong Kong Monetary Authority (HKMA) recently completed a public consultation on stablecoins regulations.
RIVN Shares Dropped Over 22% after Rivian Announced Plans to Raise $1.5B in Convertible Notes
By Steve Muchoki
• 3 mins read
The preliminary estimates for the third quarter revealed that Rivian has cash and cash equivalent of about $9.1 billion as of September 30.
General Motors (GM) Stock Hits Three-Year Lows amid UAW Union Strike and Airbag Recalls
By Steve Muchoki
• 3 mins read
GM stock has dropped about 49 percent from the 2021 ATH as the automaker struggles to make a deal with the UAW Union amid a possible recall of over 1 million vehicles for faulty airbags.
Astera Labs Appoints Morgan Stanley and JPMorgan as Lead Underwriters for Its Planned IPO Expected in 2024
By Steve Muchoki
• 3 mins read
Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion.
Apple CEO Tim Cook Gets $41M from Share Sales after Tax Deductions, Analysts Downgrade AAPL Shares
By Steve Muchoki
• 3 mins read
Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook.
Canadian-based Montréal Exchange (MX) Set to Launch Bitcoin Price Index Futures
By Steve Muchoki
• 3 mins read
The new product is set to give investors exposure to the Bitcoin value movements on the underlying CoinDesk Bitcoin Price Index (XBX) and will only be settled in the United States dollar.