Spot Bitcoin ETFs have been predicted to surpass the 2024 record inflow to hit $50 billion as institutional adoptions are expected to significantly improve. An analyst believes that the expected run of the ETFs could be a major catalyst for Bitcoin to hit $200,000 by the end of 2025. Spot Bitcoin Exchange Traded Funds (ETFs) have...
El Salvador ends Bitcoin’s legal tender status to secure a $1.4B IMF loan amid financial stability concerns.Despite policy changes, El Salvador remains committed to Bitcoin through continued investments and new crypto initiatives. In a recent update by CNF, it was revealed that El Salvador has ended Bitcoin’s legal tender status, making its use voluntary and...
Bitcoin and the crypto market dropped sharply after the U.S. imposed new tariffs, with Bitcoin falling over 5% before a slight recovery.Altcoins saw major losses, and experts warn that trade tensions and volatility could lead to more financial instability. On February 1, the United States government applied new tariffs for Canadian, Mexican, and Chinese imports....
JAKARTA. The pricePT Adaro Andalan Indonesia Tbk (AADI)skyrocketed at its first day on Indonesia Stock Exchange (IDX) last Thursday (5/12), bringing it to the top gainers list. AADI officially listed 778.68 million of its shares in the stock exchange. During the initial public offering (IPO), the company managed to rake in IDR 4.32 trillion worth...
JAKARTA - Mataram Limited will raise portion in PT SLJ Global Tbk (SULI) via private placement next week (13/12). Currently, it has a claim over 9.36% of total listed shares. Karina Detri Amalia, Corporate Secretary of SULI, confirmed that Mataram Limited will deposit 400 million shares or 98.11% of a maximum issued shares of 407.69...
JAKARTA – The stock performance of PT Sido Muncul Tbk (SIDO)reported gradual decline since December 6, 2019. Its ‘golden’ era occurred in March 2022, during the COVID-19 pandemic, and has yet to fully rebound. Based on IDNFinancials data, Friday (6/12), SIDO’s stock price went up to IDR 855 per share before dropping to IDR 850...
JAKARTA - Foreign investor UOB Kay Hian (Hong Kong) Ltd acquired 771.35 million shares of PT Apexindo Pratama Duta Tbk (APEX), an issuer that provides onshore and offshore drilling services for the oil and gas sector, on Wednesday, December 4. Through PT UOB Kay Hian Sekuritas, the new investor completed the transaction and promptly handed...
JAKARTA. Jakarta Stock Price Composite Index or JHSG secures an increase by 0.22% or 16.14 points this morning, arriving at 7,329.46, following 0.18% corrections seen in the market yesterday (5/12). According to IDNFinancials data, IHSG hit the lowest at 7,287.60 this morning, and peaked at 7,335.40. Transaction volume across all markets clocked up to 8.89...
The U.S. dollar fell against its major counterparts in the New York session on Thursday, after a data showed that the nations weekly jobless claims rose more than expected in the week ended November 30. Data from the Labor Department showed that initial jobless claims rose to 224,000, an increase of 9,000 from the previous...
European stocks closed on a positive note on Thursday with investors closely following the developments in France, and digesting the latest batch of regional economic data. French President Emmanuel Macron seeks a way out of Frances political crisis as Prime Minister Michel Barnier has been ousted in a no-confidence vote over a budget dispute. That...