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Following the news that Binance was acquiring FTX, the FTT token began to rebound.
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
On Monday, DWAC jumped 24% and helped lift other Trump-linked stocks as investors anticipate a likely 2024 presidential run.
There’s some optimism that the Fed could slow down the speed of rate hikes in the coming months. However, the path to “soft landing” has narrowed said Fed chairman Jerome Powell.
According to reports, the Fed stands to increase interest rates in November, but taper off afterward to prevent the economy from slipping.
The inflation that is being experienced in the Euro Zone is not a new experience as other countries are also battling the same.
The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap.
The last six months have been an experience of back and forth on the deal for both Elon Musk and Twitter.
During a conference call, Mark Zuckerberg explains that his metaverse strategy is beyond the company’s current effort to develop its virtual reality business.
While Elon Musk was delaying his Twitter buyout offer, a Delaware judge gave him a period until the 28th of October to close the deal
Rishi Sunak succeeds Liz Truss to become the next British Prime Minister. The crypto community celebrates Sunak’s pro-crypto stand while serving as the Chancellor in the Boris Johnson government.
Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed.
Just like the positive bullish growth in the rest of the Asian Pacific market outside of China and Hong Kong, the United States stock market also ended its last trading session in the green.
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.