This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates.
Canaccord Genuity cut its Tesla shares price target from $304 to $275 citing “cosmically bad” public sentiment and a “distraught” shareholder base.
The CEO of Ripple recently suggested that Wells Fargo did not receive the ‘FTX treatment’ despite exploiting its customers.
As the Treasury yields bounce, the top market indices also have their share of mixed performance, and the crypto industry continues to wallow in losses.
It is not clear how long the hiring freeze will last as the company is expanding its factories, which means it needs to bring in more employees.
India has been indecisive about whether to ban crypto or not, but it comes off as one of the nations that levy up to 28% tax on proceeds from digital currencies and their underlying trading activities.
FedEx said it is important to cut fiscal 2023 costs to align with weaker-than-expected volume.
Concerns that Elon Musk might further dilute his Tesla holdings to fund the Twitter acquisition have put the TSLA stock under a free fall.
The hearing on Tuesday focused on Meta’s acquisition of Within, a VR company that makes a fitness app dubbed Supernatural.
Yesterday, NIKE shares closed the trading session at $103.21, or 0.16% up. After hours, NIKE shares added another 12.77% to reach $116.39. With a market cap of $161.481 billion, NIKE stock is still 38.08% down year-to-date.
The Chinese smartphone giant started to let go of some of its staff due to lower sales amid the lockdowns in China.
Avatar: The Way of Water has brought Disney a revenue of $134 million at the domestic box office during its opening weekend, falling short of analysts’ expectations of $175 million and Disney’s forecast of between $135 million and $150 million.
Morgan Stanley’s analysts downgraded Silvergate stock from “equal weight” to “underweight” last week.
CoinShares believes that the change in trading venue to Nasdaq Stockholm will give them increased visibility and investor exposure.
While little is known about its fight with the SEC, Grayscale is already preparing for future moves in case it loses the battle.