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.
As the trade war persists between China and Trump’s administration, Investor Sam Le Cornu said China would make good money via the IPO market.
The tech sector which helped Wall Street recover from March 2020 market crash, entered a major correction last week.
According to a report, the monthly CME future contract volume surged by 36.3% to record 203,867 contracts traded from July 2020. Binance was identified as the largest exchange based on the recorded volumes.
DeFi space users have always been affected by a fear of having a “rug pull”. However, insurance may become a cure in this situation.
Nongfu Spring raised over $1.1 billion through its IPO which was oversubscribed 1148 times. Its listing on the Hong Kong stock market makes it one of the biggest listings of 2020.
Shortly after getting 400 million euros from selling the new stock the previous week, Ryanair now plans to raise $592 million in a five-year eurobond sale.
The decline recorded in the tech stocks in the past week appears to have spiked fears amongst SoftBank’s investors.
The U.S. Department of Defense said that there were reports of SMIC’s alleged involvement with the Chinese military and further passing on their chip technology for China’s defense purposes.
“We think this is a big, big – one of the biggest of all time – houses of cards that’s getting ready to fold,” Trainer explained while pointing out the recent Tesla Inc (NASDAQ: TSLA) fundamentals.
Through its $100 billion Vision Fund, SoftBank bought nearly $4 billion in shares of Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Netflix (NASDAQ: NFLX). Moreover, SoftBank purchased a stake in Tesla (NASDAQ: TSLA).
According to Paolo Gentiloni, European Commissioner for economics and taxation, Amazon, Apple, and Alphabet are “the real winners” of the COVID-19 crisis, and it was no longer possible “to accept the idea that those giants are not paying a fair amount of taxes in Europe”.
Despite the massive losses on Thursday, the Bloomberg Billionaires Index showed that in 2020, the 500 richest people have collectively gained $830 billion in wealth.
At the moment, Peloton has not made an official announcement regarding the launch. However, one of the sources added that the company may announce the launch before the 10th of September.
For the past few days, Apple has been declining as it had its worst trading day since mid-March. AAPL is currently down 1.35% in pre-market trading.
At the time of writing, the Dow Jones was at around 28,292.73 points, having lost 807 points, which is approximately 2.78%.