Category Finance

US equities are down 25 points after the open, which is a halving of futures. The dip buyers have waded in over the past couple trading days as the weak hands are shaken out. I can see the argument for a better or a worse-than-expected announcement today. One…

As the clock ticks toward the stock market open, the EURUSD is breaking to the upside. Major US indices in pre-market trading are showing sharp declines S&P index -59.32 points Dow industrial average -342 points NASDAQ index down -255 points Traders will be nervous once again ahead of…

Prior was +1.7% (revised to +1.8%) Factory orders ex transport +0.4% vs +0.3% prior Durable goods orders: Durable goods orders 1.0% vs 0.9% preliminary Durable goods ex trans 0.7% vs 0.7% preliminary. 0.1% last month Durable goods ex defense 0.8% versus 0.8% preliminary. +3.7% last month Nondefense capital…

The Trump administration’s formation of a U.S. Strategic Bitcoin Reserve might have China re-thinking its hardline stance against crypto and that could be key for accelerated global adoption of BTC, asset manager Grayscale said in a research report Monday. “The most important country to watch in this regard…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2547.72, down 1.0% (-26.77) since 4 p.m. ET on Wednesday. Two of the 20 assets are trading higher. Leaders: SUI (+1.0%) and…

Sumitomo Mitsui Financial Group (SMBC), one of Japan’s largest banking groups, is the latest financial giant to delve into stablecoins as the market for the $230 billion asset class is soaring with regulations being laid down globally. The banking group signed an agreement with Avalanche blockchain development firm…

Crypto asset manager Grayscale has listed two new exchange-traded funds (ETFs) that offer investors a differentiated source of income through bitcoin’s (BTC) characteristic volatility. The two New York Stock Exchange-listed funds will start trading on Wednesday. The Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI)…

Bitfarms (BITF) announced an initial agreement for a private debt facility of up to $300 million with Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Global Markets. The funding will support Bitfarms’ initial development of its high-performance computing (HPC) data center at Panther Creek, Pennsylvania—expected…

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