Institutional outflows and declining funding rates signal that Bitcoin’s speculative momentum is fading, potentially challenging the bull market.Historical corrections offer reassurance, but weak market response despite favorable regulatory shifts raises concerns about the strength of the current rally. Global investment management firm VanEck has recently raised alarms about potential threats to Bitcoin’s ongoing bull market,...
Most crypto assets like Bitcoin are capitulating, creating good buy-in points for most.Bitcoin, XRP, and Toncoin emerge as the top 3 to watch out for. In recent weeks, the cryptocurrency market has undergone several price corrections. Notable assets like Bitcoin, Ethereum, and XRP initially saw their prices soar but soon faced bearish corrections. Current data...
Strategy is set to raise $711.2 million through a preferred stock offering, fueling aggressive Bitcoin accumulation.The firm’s Bitcoin holdings now total 499,226 BTC, reinforcing its bold treasury model amid rising institutional adoption. Strategy, previously named MicroStrategy, is scaling up its Bitcoin mission. Through a combination of confidence and capital, the firm has registered an offering...
JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) and PT Dian Swastatika Sentosa Tbk (DSSA) have officially signed an Asset Sale and Purchase Agreement on January 3, 2025. Through this transaction, INKP acquired DSSAs power plant assets, including machinery with a total capacity of 175.1 MW along with its supporting equipment. Heri Santoso...
JAKARTA — On Tuesday, January 7, foreign investors bought 3.72 billion shares of shares, compared to only around 3.03 billion bought. As of today, the net foreign from January to today is a net sell of3.14 billion shares. With 552.02 million shares, PT GoTo Gojek Tokopedia Tbk (GOTO) isthe first of the top five stocks...
JAKARTA – PT Jasnita Telekomindo Tbk (JAST) has projected a 20% revenue growth in 2024, driven by the expansion of its subsidiary into Singapore. President Director of JAST, Yentoro, revealed in a disclosure to the Indonesia Stock Exchange (IDX) on Tuesday (7/1) that potential projects in Singapore offer significant opportunities to increase project volumes and...
JAKARTA - The Financial Services Authority (OJK) reported that bank credit performance grew 10.79% (year-on-year / yoy) in November 2024, to IDR 7,717 trillion. Bank credit growth in December 2024 was slightly lower than the previous month, which stood at 10.92%. Nevertheless, Dian Ediana Rae, Chief Executive of OJK Banking Supervision, said that banking intermediation...
JAKARTA – PT Multi Medika Internasional Tbk (MMIX) has partnered with Fujian Nice Paper Hygiene Products Co., China, to establish a diaper factory in Indonesia. Mengky Mangarek, President Director of MMIX, announced that the two companies signed a memorandum of understanding (MoU) yesterday (2/1) regarding capital investment to form a joint venture. “The MoU for...
Indian shares opened lower on Tuesday, tracking weak cues from global markets amid concerns about U.S. President-elect Donald Trumps protectionist policies and the outlook for interest rates. The benchmark S&P/BSE Sensex was down 498 points, or 0.6 percent, at 77,749 in early trade while the broader NSE Nifty index slipped 128 points, or half a...
Indian shares are likely to open on a sluggish note Thursday, tracking declines in U.S. stock futures and weak Asian markets. The impending weekly F&O expiry may also lead to some volatility. Investors are facing an array of challenges in 2025, including uncertainty around the U.S. monetary policy path and President-elect Donald Trumps pro-growth fiscal...