Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation.
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates.
As the Treasury yields bounce, the top market indices also have their share of mixed performance, and the crypto industry continues to wallow in losses.
The former crypto billionaire could face life imprisonment if the government pursues wire or bank fraud charges.
A recent Reuters article claims that the ‘books’ of prominent exchange Binance are opaque and disingenuous. But is it really so?
The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem.
The changes in Twitter have gotten tongues wagging as to whether Elon Musk is well-suited for leading the social media company.
ECB President Christine Lagarde said that they would conduct significant rate hikes in the coming months and there’s no decision on pivoting anytime soon.
On Wednesday, the apex bank its increased its interest rate to between 4.25% and 4.5%, marking the highest level in 15 years.
The latest UK inflation report showed a fall from 11.1% to 10.7%, lower than the 10.9% analysts were expecting.
The CPI report published for November 2022 confirms the general perception that runaway inflation is finally easing out.
The Dow and other major indexes all saw a positive close to begin the week as the December Fed meeting beckons.
The incoming CPI report is less likely to affect the Federal reserve’s meeting, but it may indicate a longer-term trajectory for interest rates.
The DOJ investigation showed that CZ had kept the financial records of Binance from the public.
Stock and crypto prices increased on Thursday as the US Dollar Index weakened. Some of the market’s largest assets all rose.