The Australian dollar fell against its most major counterparts in the New York session on Friday. The aussie retreated to 97.53 against the yen and 0.6197 against the greenback, from an early high of 97.89 and a 3-day high of 0.6225, respectively. The aussie fell to 1.6594 against the euro and 1.1074 against the kiwi,...
European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues. The drop in shares from the luxury sector was due to sharp near 30%...
The Canadian market looks set to end on a firm note for the third consecutive session, with stocks from communications, real estate and industrial sectors recording strong gains. A few stocks from technology, financials, healthcre, energy, consumer staples and utilities sections are also notably higher. The benchmark S&P/TSX Composite Index is up 171.55 or 0.69%...
The Canadian market closed on a firm note on Friday, lifted by gains in real estate, communications and technology stocks. The benchmark S&P/TSX Composite Index ended the session with a gain of 175.51 points or 0.7% at 25,073.54. The index gained 1.12% in the holiday-shortened week. Canadian Tire Corporation (CTC.TO) soared 11.5% and Hut 8...
The Australian stock market is trimming its losses in mid-market trading on Tuesday, but adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,200 level, with weakness in mining, financial and technology stocks partially offset by gains in energy...
VeChain is undergoing a full tokenomics adjustment through VeChain Renaissance to tap into the $16 trillion tokenization market.Initiatives like the MaaS platform, and VeBetterDAO position it to be a significant contributor to transforming how assets are digitized in the digital economy. VeChain, a Layer 1 platform for smart contracts, is positioning itself to capitalize on...
RWA’s total value locked in DeFi surpassed $10 billion, with four major protocols each exceeding $1 billion.Institutional interest and blockchain scalability are driving real-world asset adoption across DeFi platforms. The total locked value (TVL) in Real-World Assets (RWA) in the decentralized finance (DeFi) sector has exceeded $10 billion, according to DefiLlama. This figure is a...
The TRON ecosystem is currently deliberating on a proposal to reduce the rate of TRX emissions, aiming to introduce a Bitcoin-like halving mechanism.Justin Sun emphasizes that validators are not solely reliant on block rewards, they also generate income through transaction fees and various network activities. Justin Sun, the founder of the TRON blockchain, recently addressed...
Lace Wallet’s Bitcoin integration marks a significant step toward multichain functionality, simplifying user experience and enhancing Bitcoin’s utility in DeFi.Cardano’s strategic push for multichain capabilities could drive greater institutional and retail adoption of Bitcoin-based DeFi products. As highlighted recently by a CNF report, Lace Wallet was predicted by Charles Hoskinson in 2024 to become a...
Institutional outflows and declining funding rates signal that Bitcoin’s speculative momentum is fading, potentially challenging the bull market.Historical corrections offer reassurance, but weak market response despite favorable regulatory shifts raises concerns about the strength of the current rally. Global investment management firm VanEck has recently raised alarms about potential threats to Bitcoin’s ongoing bull market,...