Asian stocks ended mixed on Friday after the Bank of England and the U.S. Federal Reserve cut interest rates by a quarter point. Focus shifted to stimulus announcements from China later in the day as the meeting in the Standing Committee of the National Peoples Congress ends. The dollar sagged in Asian trading after Fed...
German stocks were little changed on Friday after posting sharp gains in the previous session. Politics were in focus, with opposition leader Friedrich Merz accusing Chancellor Olaf Scholz of seeking to delay an early election until March purely for party political advantage. Merz not only rejected Scholzs approach and reiterated his demand for a January...
French stocks were little changed on Friday as Chinas top legislative body - the National Peoples Congress (NPC) - approved the State Councils proposal to increase local government debt limit by $839 billion after a week-long session. There was some disappointment as the hotly anticipated stimulus was not as broad or immediate as initially presumed....
U.K. stocks were subdued on Friday, a day after the Bank of England cut interest rates as expected but signaled stickier inflation. The benchmark FTSE 100 was down 21 points, or 0.3 percent, at 8,119 after declining 0.3 percent on Thursday. Vistry Group shares plummeted 16 percent. The housebuilder announced today that it has revised...
European stocks drifted lower on Friday as Chinas top legislative body - the National Peoples Congress (NPC) - approved the State Councils proposal to increase local government debt limit by $838 billion after a week-long session. There was some disappointment as the hotly anticipated stimulus was not as broad or immediate as initially presumed. The...
VeChain (VET) has announced that it is subjecting its VeChainThor to a comprehensive upgrade to reimagine its tokenomics.This upgrade would create new validator opportunities and ensure greater decentralization. VeChain (VET) is set to embark on a holistic upgrade of its VeChainThor through a technical roadmap dubbed VeChain Renaissance. According to the report, this would enable...
Puppy.Fun Launchpad integrates with BabyDoge to enhance token utility and burn mechanisms, fostering ecosystem growth.BabyDoge expands its ecosystem with Puppy.Fun and Real World Assets initiatives, driving adoption and innovation. In a recent announcement, Puppy.Fun, the highly anticipated meme coin launchpad on the Binance Smart Chain (BNB Chain), is set to launch this week. This development...
Cardano (ADA) has been predicted to rise as high as $10 as it breaks out of a falling wedge to breach a crucial psychological level. Another analyst has pointed out the formation of a bullish price pattern that could see ADA hitting $1.3 and $1.7. Cardano (ADA) recently recorded a yearly high of $1.318 after breaking...
MicroStrategy’s Bitcoin holdings reached 402,100 BTC, making it a top institutional holder in 2024.Michael Saylor advocates for the U.S. to replace gold reserves with Bitcoin to strengthen the dollar’s global status. MicroStrategy has consistently established itself as a prominent Bitcoin enthusiast and investor, thereby revolutionizing the way corporations manage digital assets. Declared on December 2,...
El Salvador’s Bitcoin portfolio has unrealized gains of $333 million, showcasing significant investment success under President Bukele’s leadership.Only 7.5% of Salvadorans use Bitcoin for transactions, revealing limited adoption despite its legal tender status since 2021. El Salvador’s President, Nayib Bukele, recently disclosed the country’s Bitcoin portfolio data, coinciding with the cryptocurrency’s historic milestone of exceeding...
