The latest data shows that XRP’s institutional inflow has become the third largest behind Bitcoin and Ethereum, as $530 million flowed into the market last week. The US is reported to have contributed the biggest share with $474 million inflows, while Europe provided $78 million. XRP has become the second most sought-after altcoin by institutional investors,...
India and Indonesia enhance trade by settling transactions in rupees and rupiahs, sidelining the US dollar to bolster economic ties within BRICS.Despite warnings and tariff threats from former US President Donald Trump, BRICS nations continue to shift away from US dollar reliance in global trade. BRICS members India and Indonesia have deepened trade relations by...
Bitcoin fell 7% to $92,500 on Monday, its lowest level in three weeks, and is currently trading at $100,840 after China announced retaliatory tariffs on certain U.S. goods.This comes after Donald Trump announced a 25% tariff on imports from Mexico and most of Canada, along with a 10% tariff on goods from China. Bitcoin has...
Coinbase urges U.S. regulators to ease restrictions, enabling smoother crypto-banking partnerships.Clearer regulations could boost crypto adoption, potentially driving market growth. Coinbase is making another attempt to convince U.S. regulators to facilitate partnerships between traditional banks and the crypto industry. Reiterating CNF’s previous coverage, Coinbase has initiated this push by bridging crypto and fiat with Apple...
Solana’s recent recovery faces resistance, with technical indicators signaling a bearish short-term outlook and potential for a rebound.Despite a 4.25% daily gain, lower trading volume and supply constraints could limit Solana’s ability to reach $250 in the short term. Solana (SOL) has recovered, regaining the $200 mark after a period of volatility in the crypto...
The U.S. Senate’s GENIUS Act aims to create clear rules for stablecoin regulation, impacting major issuers like USDT and USDC.Stronger stablecoin oversight could boost crypto market confidence, potentially influencing Bitcoin’s growth. A new push for crypto regulation is underway in Congress, with Senator Bill Hagerty unveiling a bill to establish a U.S. framework for stablecoin...
Semler Scientific expands its Bitcoin holdings to 3,192 BTC, reinforcing its long-term investment strategy in digital assets.The company leverages convertible senior notes to enhance its exposure to Bitcoin, demonstrating robust institutional trust in cryptocurrency as a valuable asset. Semler Scientific has increased its Bitcoin holdings by purchasing an additional 871 BTC for $88.5 million. With...
JAKARTA. The Composite Stock Price Index (IHSG) on Monday (9/12) rose 0.74% or 54.9 points to 7,437.73, supported by the performance of shares from almost all sectors. The volume of shares traded on Monday was recorded at 29.9 billion shares, with a transaction value of IDR 44.93 trillion or the equivalent of US$ 2.83 billion....
JAKARTA. The trend of net purchase by foreign investors continued yesterday (4/12), with total net foreign buy worth IDR 744.64 billion. Prior to this, on last Tuesday’s (3/12) transaction, net foreign buy was recorded at IDR 2.08 trillion, equal to USD 130.42 million. According to IDNFinancials record, there are 5 stocks with the highest foreign...
JAKARTA. The performance ofPT Astrindo Nusantara Infrastruktur Tbk (BIPI)within the first nine months (9M) of 2024 showed a slight decline, but its shares continue to be investors’ favourite. According to IDNFinancials data, BIPI has consistently resided amidst stocks in the top foreign net buy since November 28, 2024. Last Thursday (5/12), BIPI was leading the...