Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation...
European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures. Asian stocks traded mixed, with Japanese markets leading regional gains as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Chinese stocks were declining...
The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday, at $45.97. AADC deficiency...
Shares of Dominos Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffetts Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Dominos shares were moving up 8 percent and Pool shares were up 7 percent. Meanwhile, the Omaha,...
The Bitcoin mutual funds will allow local investors to access BTC investments using the shekel and will be priced at the market rate of BTC once daily.The funds will use various methods to track BTC’s price, including indexes and active management. Some funds will also track prominent U.S. Bitcoin ETFs. The Israel financial markets will...
The Shiba Inu ecosystem is experiencing renewed excitement with the launch of its Metaverse, a new racing game, and integration of Chainlink’s Cross-Chain Interoperability Protocol.Shiba Inu’s recent achievements, including the launch of Shibarium, ShibaSwap 2.0, and the upcoming TREAT token, set high expectations for the future of the platform. The Shiba Inu ecosystem has reignited...
Japan rejects Bitcoin in national reserves, citing its volatility and inconsistency with foreign exchange requirements.Proposed regulations in Japan aim to encourage blockchain innovation while balancing investor protection and compliance. The Japanese government has made it plain that it is hesitant about including Bitcoin in its foreign exchange reserves, according to Coinpost. Under present rules, officials...
Ethereum’s (ETH) price has declined to a weekly low as its futures Open Interest falls from $28 billion to $26 billion. An analyst has highlighted that ETH could outperform Bitcoin in 2025 as a massive amount of inflow could move into the asset in January. Ethereum (ETH) has lost a huge amount of its gains from...
The former Prime Minister proposes Bitcoin as a transformative tool for Phuket’s tourism and economic development.Regulatory collaboration is crucial for the integration of cryptocurrency into Thailand’s financial and tourism sectors. Former Prime Minister Thaksin Shinawatra has announced a bold attempt to establish Bitcoin as a cornerstone of Phuket’s tourism economy. His idea is to use...
Bitwise has proposed a new fund that would invest in publicly traded companies with at least 1,000 Bitcoin holdings.To qualify, companies must have a market capitalization of at least $100 million, maintain an average daily liquidity of at least $1 million, and possess a public free float of at least 10%. Bitwise, a leading manager...