China’s Central Bank Cuts Down 1-Year Rates amidst Economic Headwinds
Market observers had also anticipated an adjustment in the five-year loan prime rate, influencing the country’s mortgage landscape.
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.
Market observers had also anticipated an adjustment in the five-year loan prime rate, influencing the country’s mortgage landscape.
Xpeng shares fell because the company’s loss increased in Q2 2023. However, deliveries and revenue are still looking good even for Q3.
Along with Bitcoin Omni Layer, Tether has also decided to discontinue the stablecoin versions of Bitcoin Cash and Kusama.
As the global economic downturn continues, especially with headwinds in China, the Nikkei 225 recorded a big weekly loss as stocks fell.
According to the report, the company recorded a profit of $55 million on revenue of $1.5 billion during the first three months of the year after two consecutive years of losses.
The Ether futures ETF tracks the futures contract of Ethereum.
Coinbase noted that Tether’s USDT doesn’t meet their listing standards for Canada and thus they decided to suspend the stablecoin.
US residents are going through the worse level of housing affordability not seen for four decades as mortgage rates continue to spike.
The European payments giant attributed its poor performance to various factors.
The 10-year Treasury yield rose while the 2-year yield fell as investors considered the implication of the Federal Reserve’s meeting minutes.
This strategic collaboration aims to provide market participants with accurate and timely pricing information, fostering greater transparency and confidence in the evolving digital asset space.
For many in the crypto industry, this approval signifies a notable regulatory achievement for both the company and the broader crypto landscape due to the ongoing legal battle between the exchange and the US SEC.
The approval of spot Bitcoin ETFs is expected to tip Bitcoin’s supply-demand dynamics in the direction of a significant price surge.
SHIB, BONE, and LEASH tokens have all crashed over the past 24 hours because of a problem that allegedly resulted in lost Shibarium tokens.
Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations.