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.
The SEC will have an additional 45 days after the publication in the Federal Register to evaluate the suggested rule. The next decision is pending on October 17, next month.
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding.
Additionally, UBS has announced its decision to fully integrate Credit Suisse’s domestic banking unit into its operations.
The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason.
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects.
The recent decision by the Bank of England (BoE) to increase interest rates has further compounded the issue of declining home sales in the UK.
The court ruled that the SEC failed to provide sufficient evidence as to why Grayscale’s application to convert its Bitcoin Trust to a spot ETF was denied while the agency approved a futures ETF.
Grayscale’s victory over the US SEC marks a milestone event which can open up the gates of approval for the spot Bitcoin ETF.
The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth.
The inflation and jobs data will play a crucial role in further market movements.
BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration.
With the infusion of assets and insights from Didi, Xpeng is seizing the opportunity to develop an affordable electric car under a new mass market brand, codenamed “MONA”.
Huge stock selling for the China’s Evergrande Group trigged on Monday, as trading for the stock started a month after the real estate giant filed for the US bankruptcy.
Watches of Switzerland Group has undergone rapid expansion in recent times, establishing itself as a dominant force in the global market.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.