Category: Latest news

[ad_1] Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11…

[ad_1] Quick Take The recent stagnation in Bitcoin’s price has been accompanied by a significant influx of Bitcoin (BTC) into the over-the-counter (OTC) trading desks, a trend that has historically signaled the approach of local tops and bottoms. According to data from CryptoQuant, shared by Head of Research Julio Moreno, the amount of BTC sitting…

[ad_1] Former President Donald Trump continued his advances toward the crypto community by hosting an event for holders of the Trump Cards NFT Gala on May 8 at his Mar-a-Lago resort in Palm Beach, Florida. During the event, Trump expressed his support for cryptocurrencies, announcing plans to accept digital asset donations for his potential re-election…

[ad_1] Ethereum Layer-2 (L2) Optimism has urged Layer-3 (L3) blockchain to join its Superchain by building with OP Stack and sharing sequencer revenue with the Optimism Collective. Superchain is a decentralized blockchain platform comprising many chains that share security and a technology stack (OP Stack). It already boasts several successful L2 networks, such as OP…

[ad_1] Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG). The key focus of the amendments is to bring virtual assets and virtual asset service providers firmly under the oversight of…

[ad_1] The Wall Street Journal published an exclusive report on May 9 alleging that Binance, the world’s largest crypto exchange, fired the head of its market surveillance team after he raised concerns about potential market manipulation by a high-profile client. According to former Binance insiders interviewed by the Journal, the surveillance team had detected suspicious…

[ad_1] Quick Take Bitcoin has primarily oscillated between the $60,000 and $70,000 range since late February, occasionally surpassing $70,000 to achieve its all-time high. However, it briefly dipped below $60,000 at the beginning of May. The 200-day moving average (DMA) recently breached the $50,000 mark for the first time on May 6, with Bitcoin currently…

[ad_1] Quick Take Hong Kong ETFs According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8. While Bitcoin (BTC) ETFs saw overall inflows, Ethereum (ETH) ETFs saw outflows. HK Crypto ETF Flow Table: (Source: Farside) Farside data shows that the BTC ETFs…

[ad_1] Crypto wallet provider Exodus said the US Securities and Exchange Commission (SEC) made a “surprising last-minute decision” that delayed its planned listing on the NYSE American Stock Exchange, according to a May 9 statement. NYSE said the SEC halted the listing because the financial regulator’s staff are still reviewing Exodus’s registration statement. Exodus added:…

[ad_1] Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase of $211.1 million from the first quarter of 2023, when the company reported a net loss of $0.4 million. The company also reported $179.3 million in first-quarter revenue, including $150 million from crypto mining…