Manufacturing new orders in Germany declined at a slower than expected pace in October amid a slump in domestic demand, while the gain for September was revised up significantly due to a big order in the shipbuilding industry, preliminary data from the statistical office Destatis showed Thursday. Orders shrunk a seasonally and calendar-adjusted 1.5 percent...
French stocks advanced on Thursday as President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes him the shortest serving prime minister in modern French history. It is likely that the...
European stocks hovered near one-month highs on Thursday as President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes him the shortest serving prime minister in modern French history. It is...
Indian shares rallied on Thursday as weaker-than-expected U.S. private sector employment and service sector activity data contributed to optimism about the outlook for interest rates. Traders now expect a third consecutive interest-rate cut at the U.S. central banks Dec. 17-18 meeting. Investor sentiment was also supported by foreign institutional investors (FIIs) turning net buyers in...
Aptos’ native USDC integration removes the need for bridging, improving transaction speed, liquidity, and security.The adoption of USDC on Aptos unlocks new financial applications across DeFi, payments, and real-world assets, accelerating blockchain adoption. Drawing on Crypto News Flash’s previous insights in 2024 about USDC and CCTP launching on Aptos, along with Stripe adding Aptos support...
Tesla’s Q4 2024 profit surged by $600M, driven by Bitcoin’s market value increase and new accounting rules. Tesla’s Bitcoin holdings contributed significantly to its earnings, as BTC’s price reached $105,170.82 in Q4 2024. Tesla has moved a $600 million profit in the fourth quarter of 2024, driven by the increase in the value of its Bitcoin...
Arthur Hayes sees Bitcoin falling to $70,000–$75,000 before it rises to $250,000 by yearend, laying much of the blame on macroeconomic forces and market phenomenon.Maelstrom, Hayes’ firm, builds stablecoin balances and takes altcoins profit, ready to buy Bitcoin and quality cryptos when markets drop as predicted. Former BitMEX CEO Arthur Hayes thinks the Bitcoin bull...
Bitcoin’s (BTC) price may hit a realistic ATH of $120,000 according to on-chain indicators.Institutional adoption may push the asset to a new high soon. After days of experiencing downtrends, Bitcoin’s (BTC) price has risen above critical thresholds and is now showing bullish signals. With only a few hours left before January concludes market participants are...
Norway’s sovereign wealth fund has significantly increased its indirect Bitcoin exposure through investments in MicroStrategy, Coinbase, and Marathon Digital.Institutional adoption of Bitcoin continues to grow, driven by sector-weighted investment strategies and the introduction of spot Bitcoin ETFs. In line with the latest update shared by CNF coverage in 2024, Norway and Switzerland’s central banks have...
JPMorgan reports Bitcoin is more correlated with small-cap tech stocks in the Russell 2000 Index than precious metals.Bitcoin’s relationship with equities fluctuates, correlating strongly with tech stocks during both market surges and downturns. Bitcoin has long been compared to gold, but fresh analysis suggests its closest financial twin lies elsewhere. According to JPMorgan, the cryptocurrency’s...