Declining OTC reserves could push institutional buyers to exchanges, triggering potential Bitcoin price surges. Institutional demand and low OTC supply may lead to a FOMO rally, increasing Bitcoin’s market value. Despite large purchases from institutional investors and whales, Bitcoin’s price has remained relatively stagnant at around $100,000. The reason for this is the dynamics of Over-The-Counter...
Bitcoin funding rate on various centralised exchanges, including Binance and OKX, reaches Zero, signalling an upcoming rally. Bitcoin’s potential surge is also validated by the recent break out of Gold against the digital asset. Bitcoin (BTC) marginally bounces back into the $98k territory as its 30-day gains rise by 4%. However, its 24-hour trading volume takes...
Powell expresses concern over crypto debanking and signals a possible regulatory shift.Fed remains skeptical of stablecoins and firmly opposes issuing a U.S. CBDC. Federal Reserve Chairman Jerome Powell has voiced concerns over the increasing reports of ‘debanking’ in the crypto industry, stating that he is troubled by the trend and is taking steps to address...
JAKARTA. The Composite Stock Price Index (IHSG) in the first trading session today moved down 0.74% or 55.24 points to 7,409.51, from the opening position of 7,464.75. According to data compiled by .com, the decline in the JCI in the first trading session today was followed by the performance of sectoral indices entering the red...
JAKARTA - PT Remala Abadi Tbk (DATA) is aiming for revenue of IDR 412.91 billion in 2025 or a 10% increase from the 2024 revenue forecast of IDR 375.37 billion. In the DATA report quoted on Thursday (12/12), the issuers management projects an increase in revenue with a focus on increasing 100% in the retail...
JAKARTA -PT Elang Mahkota Teknologi Tbk (EMTK) increased its portion in PT Surya Citra Media Tbk (SCMA) to 61.32% in a transaction taking place yesterday (11/12). In the past week, the stock did show an upward trend. In the disclosure quoted Thursday (12/12), Titi Maria Rusli, Corporate Secretary of EMTK, confirmed that EMTK acquired 100...
JAKARTA – PT Bakrie & Brothers Tbk (BNBR) has successfully reduced its total liabilities by 19.07% following a debt-to-equity conversion valued at IDR 855 billion, as reported on Wednesday (11/12). The companys total liabilities now stand at IDR 3.62 trillion, down from IDR 4.48 trillion, based on its June 2024 financial report. According to a...
JAKARTA – Shares of PT Astrindo Nusantara Infrastruktur Tbk (BIPI) reclaimed the top spot in the net foreign category at the close of stock trading on Thursday (12/12). Earlier this week, BIPI had been in second place, just behind PT Goto Gojek Tokopedia Tbk (GOTO). Data compiled by IDNFinancials shows that BIPI recorded a foreign...
The China stock market has finished higher in three straight sessions, collecting nearly 60 points or 1.8 percent along the way. The Shanghai Composite now sits just above the 3,460-point plateau although it may run out of steam on Friday. The global forecast for the Asian markets is soft, with oil and technology shares likely...
The Hong Kong stock market on Thursday ended the two-day losing streak in which it had slumped more than 250 points or 1.2 percent. The Hang Seng Index now sits just beneath the 20,400-point plateau although it may turn lower again on Friday. The global forecast for the Asian markets is soft, with oil and...