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.
To become Europe’s answer to Robinhood, Lightyear has raised $25 million from several investors, including billionaire Richard Branson.
The high inflation growth and the projected interest rate hike may result in an unwarranted situation of an economic recession.
Although the two companies didn’t provide any reason behind withdrawing their IPO applications, the current market scenario shows that investors have very little appetite for new companies.
Russia is currently facing many sanctions due to its attack on Ukraine. Many major companies have cut ties with the country, and governments globally have imposed sanctions on the nation.
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York.
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin.
The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June.
Bilibili Inc saw two of its gaming titles approved alongside this current batch, sending the gaming stock soaring 3.52% to HKD194.00.
The US stock market seemed to be under pressure, losing out on all major sectors as key inflation data draws near.
European markets saw a drop in value across the board as energy costs intensify and the euro nears dollar parity.
The Nasdaq, S&P 500, and Dow all closed lower as US equities fell to begin the week ahead of anticipated quarterly reports.
Sebastian Siemiatkowski, Klarna CEO, made an effort to downplay the impact of the company’s drop in valuation. Siemiatkowski stated the current position is a “testament to the strength of Klarna’s business.”
The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products.
The decision Musk has taken to back out of the Twitter deal has caused the company’s shares to crash as a legal battle brews.
The US stock market futures will always be an indication of how healthy the economy is at the time.