The U.S. dollar extended recent weakness during the Asian and European sessions on Tuesday, but recovered slowly and managed to score gains against most of its major counterparts by the end of the day. The dollar slipped earlier in the day with investors turning cautious, looking ahead to some key U.S. economic data, including the...
After an early drop and a subsequent recovery that resulted in a positive spell till the penultimate hour, the Canadian market retreated in the closing minutes of the session on Tuesday. Amid a lack of fresh triggers, investors once again stayed reluctant to make significant moves. The benchmark S&P/TSX Composite Index ended with a loss...
Sam Bankman-Fried’s legal team has submitted several last-minute letters of support for the disgraced FTX founder in hopes of leniency at his March 28 sentencing, court documents filed Wednesday reveal. Supportive Pleas Surface as Sam Bankman-Fried Awaits Sentence Spanning from Sam Bankman-Fried’s friends from MIT to parents with children with Autism Spectrum Disorder (ASD), the...
Australia will on Wednesday see February results for the leading economic index from the Melbourne Institute, highlighting a light day for Asia-Pacific economic activity. In January, the index slipped 0.1 percent on month. New Zealand will see March results for the business confidence index from ANZ Bank and the business activity index from NBNZ; in...
Laser Digital – the crypto-focused subsidiary of Japanese asset manager Nomura – has launched an institutionally focused liquid staking fund on Polygon in collaboration with TruFin. The fund, titled the Laser Digital Polygon Adoption Fund, will provide institutional clients with exposure to Polygon’s native gas token, MATIC, while also tapping into native staking rewards. Liquid...
The South Korea stock market on Tuesday ended the two-day slide in which it had slipped more than 15 points or 0.4 percent. The KOSPI now rests just beneath the 2,760-point plateau although it may tick lower again on Wednesday. The global forecast for the Asian markets is mixed to lower, with technology and oil...
Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity. Bloomberg reported Wednesday that talks are still ongoing, with details yet to be finalized. Bitdeer is among the largest bitcoin miners globally. It went public on Nasdaq in April last year through a special...
The Malaysia stock market inched higher again on Tuesday, one day after ending the modest two-day winning streak in which it had collected almost 7 points or 0.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau although it may see mild selling pressure on Wednesday. The global forecast for the...
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The US Department of Justice revealed in its indictment that the crypto exchange did not register with...
The Singapore stock market on Tuesday ended the two-day losing streak in which it had lost more than 20 points or 0.6 percent. The Straits Times Index now sits just beneath the 3,235-point plateau although it figures to head south again on Wednesday. The global forecast for the Asian markets is mixed to lower, with...