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.
Peloton has adopted a number of strategies to beat its current bearish business outlook, a move that involves proactive cost-cutting measures and leadership change.
The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.
The crackdown on DIDI has been dual-faced with the company noting that the United States Securities and Exchange Commission (SEC) is also investigating it in relation to its IPO last year.
The bullish trends observed in the Asia-Pacific region as the Commerce Secretary, Gina Raimondo told CNN that President Joe Biden’s administration is “looking at” potentially lifting some tariffs on China to fight inflation.
America’s e-commerce giant Amazon will have a 20-to-1 stock split, post which, each stock will trade at $122. Analysts share the bullish outlook of this stock split.
The RCEP trade deal China is advocating will offer immense benefits to member nations including forgoing export paperwork requirements.
As it stands, the Federal Reserve may add another 50 basis points to the interest rate this month or next.
The UST crumble, coupled with the inflation, has raised concerns among experts in the crypto community.
Many notable names in the crypto space present at the WEF spoke of the unsustainability of the existing cryptocurrencies.
The representative noted that the Facebook COO purchased 48 million restricted stock units, options, and shares while she served at the technology company.
The Coinbase chief legal officer said that customers’ funds are safe with the company and will always be.
Tesla as one of the highest valued tech stocks in the United States has taken a very massive beating in recent times, plunging by as much as 27% in the year-to-date period.
Lululemon Athletica said its gross profit increased by 24 percent to $870.4 million, whereas its gross margin decreased 320 basis points to 53.9 percent.
The announcement comes just two weeks after Coinbase launched an initiative to cut down on spending in an effort to grow revenue. As its Q1 2022 results have shown, the exchange incurred a net loss of $430 million in its first-quarter earnings as well as saw its stock plunging.
The ongoing macroeconomic events have a massive toll on the price of cryptocurrencies, and according to Arthur Hayes, there may still be more downsides to watch out for.