Gold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data. Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past few trading sessions. Volatility, however, could pick up heading into the...
US core PCE data 2.9% vs 3% expected, PCE Price Index in line with estimate at 2.6%Immediate market reaction contained ahead of blockbuster week ahead (FOMC, NFP, mega-cap earnings)US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2%...
In January 2023, the U.S. Securities and Exchange Commission (SEC) officially approved the listing of 11 spot Bitcoin ETFs, issued by renowned institutions such as Grayscale, Bitwise, Hashdex, and iShares. This move marks a new phase for the crypto market, with the influx of institutional capital further promoting the compliance-driven development of the market. At...
This June, Ethereum co-founder Vitalik Buterin emphasized in his blog that the long-term sustainability of the Ethereum ecosystem relies on the expansion of Layer 2 solutions. Following the Shanghai upgrade of Ethereum, multiple scalability solutions have been implemented, gaining widespread attention and recognition in the global market. Notably, the Shanghai upgrade and the Layer 2 city-state theory of Vitalik have fueled industry discussions. Amid these...
As the global cryptocurrency industry continued to consolidate in 2023, the demand for efficient, secure trading experiences and regulatory compliance increased in tandem with the accelerated pace of internationalization. In response to these trends, SILEGX Exchange actively expanded its global data center network, deepened partnerships with international auditing firms, extended its market licenses across multiple...
In 2023, TwyAe Exchange embarked on a remarkable journey of growth. This year, TwyAe not only achieved a steady expansion of its user base but also strengthened its brand influence through educational initiatives and participation in international events. Each step highlighted the commitment of TwyAe to technological innovation and user experience, enhancing its image and reputation...
In 2023, QXALX achieved remarkable success, riding the wave of recovery in the cryptocurrency market. With the global cryptocurrency market capitalization increasing by 108.1% and annual trading volume reaching $36.6 trillion, QXALX significantly enhanced its global market share and industry influence through precise strategic adjustments and market expansion. Throughout the year, the platform focused on...
In 2023, DIGZAX Exchange achieved remarkable success across various domains, including brand building, user growth, feature optimization, and ecosystem expansion. By continuously enhancing user experience and launching new products, DIGZAX further solidified its advantageous position in the cryptocurrency trading industry, fully demonstrating its leadership qualities. Sustainability Fund Driving Environmental Mission In January, DIGZAX established a...
In 2023, the global economy slowly recovered under the combined pressures of rising inflation, fluctuating interest rates, and geopolitical tensions. The World Bank revised its global economic growth forecast down to 1.7%, primarily due to high interest rates in the United States and Europe, as well as the ongoing escalation of the Russia-Ukraine conflict, which...
In 2023, the cryptocurrency market faced new turbulence and challenges, with significant events both within and outside the industry impacting the crypto asset ecosystem. Multiple countries around the world tightened their regulations on crypto assets, with the United States and Europe successively introducing cryptocurrency regulatory frameworks, leading to diminished investor confidence in the market. Meanwhile,...