European stocks were broadly lower on Monday ahead of a short week of trading before the long Easter weekend. A cautious undertone prevailed as the trade war between the U.S. and China escalated and Federal Reserve Altanta head Bostic trimmed his FOMC forecast to just one rate cut this year. Traders also awaited cues from...
LayerZero co-founder and CEO Bryan Pellegrino accused Kyle Davies, co-founder of the now-defunct Three Arrows Capital (3AC), of trying to persuade his firm to transfer its entire treasury shortly before the liquidation of 3AC on March 21. Pellegrino made the allegation in an X post as a response to Davies’ comment on a podcast. Pellegrino...
The Canadian market is marginally higher a little past noon on Monday with energy and materials shares posting strong gains on firm commodity prices. The overall mood remains a bit cautious with investors looking for fresh triggers. The benchmark S&P/TSX Composite Index is up 32.87 points or 0.15% at 22,016.95 about half an hour post...
Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison – but what sentence will he actually get? In the defense’s sentencing recommendation released late last month, Bankman-Fried’s camp pushed for a maximum prison sentence of just over six...
The U.S. dollar dropped against its most major counterparts in the New York session on Monday, as investors looked ahead to the release of key U.S. inflation reading this week for further clarity on the rate outlook. The PCE price index, which is the Fed\'s preferred measure of inflation, is due on Friday. The core...
The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues. Per Hanguk Kyungjae, Bithumb is looking to “accelerate” its proposed KOSPI listing. Bithumb IPO: Exchange Takes Decisive Steps The media outlet reported that Bithumb announced...
European stocks turned in a mixed performance on Monday with investors awaiting more economic data, including U.S. personal income and spending report, for directional clues. Also, with investors appeared a bit reluctant to go on any big buying ahead of a long weekend. The cautious mood was also due to an escalation in the trade...
The Russian Ministry of Finance says it wants to settle its long-standing crypto policy differences with the nation’s Central Bank. According to the media outlet RBC, Finance Minister Anton Siluanov said he was “sure” his ministry and the bank would soon “come to an agreement” on crypto regulation-related matters. Russian Central Bank Eager to Break...
Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20. This brings the cumulative net outflows over the three days to $742 million, as data from Farside Investors indicates. On March 18 and 19, net...
Swiss stocks stayed weak right through the day\'s session Monday with investors staying largely cautious amid a lack of triggers. The benchmark SMI ended down by 14.94 points or 0.13% at 11,637.05, after moving in a very tight range between 11,583.39 and 11,640.86. Swiss Life Holding, ABB and Sonova ended lower by 2.56%, 2.34% and...