US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the view that interest rates are likely to stay unchanged for now. Data from the Labor Department showed consumer prices rose 2.4% in the 12 months
The cryptocurrency market has been bearish over the past 24 hours, with Bitcoin dropping below $67k, while Ether risks losing its $1,900 support level. However, a few cryptocurrencies are in the green, with LayerZero’s ZRO one of the best performers. It is the third-best performer among the top 100 cryptocurrencies by market cap, behind PIPPIN
US spot Bitcoin exchange-traded funds extended their recent inflow streak to a third consecutive session, with this week’s gains nearly offsetting last week’s losses, even as Bitcoin prices remained under pressure and investor sentiment stayed cautious. According to data from SoSoValue, spot Bitcoin ETFs recorded $166.6 million in net inflows on Tuesday. This brought total
The cryptocurrency market has been underperforming since the start of the week, and the Wednesday candle opened more bearish than the others. Bitcoin is trading below the $67k level after losing 3% of its value, while Ether has also dropped below $2k. BNB, the native coin of the Binance ecosystem, is the worst performer among
Arkham Exchange, the trading platform launched by blockchain analytics firm Arkham Intelligence, is set to close operations, as per a CoinDesk report. The development marks a sharp turn for a company that had tried to expand beyond on chain data into direct crypto trading. The exchange has struggled to gain meaningful traction in a market
India has asked its state-owned refiners to consider increasing purchases of US and Venezuelan crude oil following a trade agreement that the Trump administration said included a pledge to halt imports of Russian barrels, reported Bloomberg, citing refinery executives familiar with the matter. The development places India’s energy procurement strategy under renewed global scrutiny as
The leverage flush in the cryptocurrency market continues this week as Bitcoin, Ether, and other major cryptocurrencies are in the red. Ether is down by nearly 4% in the last 24 hours and risks dropping below the $1,900 mark if the bearish trend continues. Thanks to the latest bearish performance, over $300 million worth of
The Dow Jones Index futures continued soaring today, February 11, as traders waited for key macro data from the United States and corporate earnings from top companies. It also rallied as Benjamin Netanyahu arrived in Washington to press for war and regime change in Iran. It jumped by 120 points to $50,305, much higher than
Hong Kong is widening the scope of regulated crypto activity as its market enters a new phase of development. The Securities and Futures Commission said on Wednesday it will allow licensed brokers to offer virtual asset margin financing and set out a framework for perpetual contracts on licensed trading platforms. The changes introduce structured leverage
Days after investors of software firms were spooked by the launch of plugins by Anthropic’s Claude, shares of wealth management and brokerage firms tumbled after financial-technology company Altruist unveiled an AI tool capable of automating personalised tax strategies, triggering fears that AI could erode the relevance of traditional financial services. California-based fintech firm Altruist launched