German stocks are modestly higher Monday morning with investors reacting to data on Germanys composite and services sector PMI readings, in addition to data from France and UK, and looking ahead to some crucial economic data, including monthly jobs report, from the U.S. The benchmark DAX was up 81.33 points or 0.42% at 19,990.45 a...
French stocks are up firmly in positive territory Monday morning after opening on a fairly bright note, as investors react to data showing an improvement in the nations services sector activity in the month of December. The benchmark CAC 40 index is up 50.18 points or 0.69% at 7,332.40. Data from S&P Global showed that...
Indian shares tumbled on Monday, with selling seen across the board as a stronger dollar and elevated U.S. bond yields added to concerns over continued foreign fund outflows. Caution ahead of the Q3 earnings season and reports of a new virus outbreak in China also weighed on markets. The Indian government has confirmed two cases...
U.K. stocks are down in negative territory Monday morning, weighed down by rating downgrades of a few big name stocks. The benchmark FTSE 100 is down marginally even as other key index in Europe, such as the DAX and CAC 40, are up firmly in positive territory. The FTSE 100, which dropped to 8,197.50 earlier...
The growth of stablecoins comes with the risk of financial ecosystem collapse.Alternatives to dollar-backed stablecoins are growing, with Tether and Circle’s share threatened. The market capitalization of stablecoins has surged to over $230 billion, increasing by 90% since late 2023. Using stablecoin for international transactions has strengthened the US dollar as the dominant global currency. ...
Pi tokens are now viewable in Telegram’s wallet, but sending, receiving, and withdrawing remain strictly restricted.Developers have until May 28 to migrate apps on PiNet and claim domains without auction-based competition. The Pi Network is once again gaining the spotlight this week as two urgent updates ripple through its developer and user community. While one...
George Harrap founded Step Finance to simplify Solana’s complex DeFi landscape for everyday users.He focuses on building tools that empower people to truly understand their crypto activity. Few people can say they were in crypto before Bitcoin was a mainstream topic. George Harrap is one of those few. He wasn’t just an early observer but...
Arthur Hayes has predicted that Ethereum (ETH) could stage a bullish reversal to $5000 while Solana (SOL) follows to $300 in the short term. SOL has also been predicted to surge by 2,900% to hit $3,800 once it completes the formation of its textbook cup-and-handle pattern. BitMex CEO Arthur Hayes joins an ongoing discussion on the...
Digital asset investment products saw $644M inflows, ending five weeks of continuous outflows.Bitcoin led with $724M inflows, while Ethereum faced $86M in outflows. Who would have thought, after five consecutive weeks of investors continuing to withdraw their funds from digital asset products, last week actually recorded an inflow of $644 million. Not a small number,...
Less than 50% of investors are bullish on AI crypto, highlighting market skepticism despite the growing adoption of AI-based assets. Bitcoin’s performance remains a key driver of AI crypto interest, with market sentiment toward BTC influencing broader AI asset trends. Artificial intelligence (AI) has been making significant inroads into various sectors, including the cryptocurrency market....