Canary Capital Adds Layer-1 Blockchain Token Sui to Potential ETFs What does this mean for the cryptocurrency market? Canary Capital’s decision to add the layer-1 blockchain token Sui to its list of potential ETFs has significant implications for the cryptocurrency market. As one of the leading financial institutions in the
User Activity Decline on Ethereum Network Understanding the Current Trend Over the past few months, we have witnessed a noticeable decline in user activity on the Ethereum network. This downward trend is a significant indicator of weakening demand for the Layer-1 blockchain, raising concerns among investors and developers alike. One
The Impact of Listing Announcement on XUSD XUSD Soars 80% Before Returning to $1 The recent listing announcement sent XUSD soaring 80% to $1.80 before quickly returning to its $1 target as a stablecoin pegged to the US dollar. This rapid fluctuation in price highlights the volatility of the cryptocurrency
South Korea’s central bank rejects establishing a bitcoin strategic reserve, Telegram’s CEO returns to Dubai and is free to travel, and failed hedge fund 3AC’s claim against FTX jumps from $120M to $1.5B. CoinDesk’s Christine Lee hosts “CoinDesk Daily.” South Korea’s Central Bank Rejects Establishing Bitcoin Strategic Reserve In a
Solana (SOL) Faces Selling Pressure Market Conditions Solana (SOL) has been under intense selling pressure, with the price failing to reclaim key resistance levels after weeks of fear-driven market conditions. Bulls lost control when SOL dropped below $180, a crucial support level that previously held firm. Analysis The recent selling
Michael Saylor’s Bitcoin Treasury Firm Makes Major Purchase Newly rebranded software company turned bitcoin treasury firm Strategy, announced a 130 BTC purchase on Monday as the dominant cryptocurrency hovered just above $83,000, staying mostly flat since last week. Michael Saylor’s software company, formerly known as Strategy, made a bold move
Bitcoin’s Unstoppable Rise: A Saint Patrick’s Day Price History From just $5 in 2012 to over $83,000 in 2025 The Explosive Growth of Bitcoin on Saint Patrick’s Day Bitcoin has come a long way since its humble beginnings in 2009. With its decentralized nature and limited supply, this cryptocurrency has
Bitcoin Miners Offload Profits as BTC Trades Near Key Resistance Introduction Bitcoin miners have recently offloaded over $27 million in profits as the cryptocurrency trades near a key resistance level. This significant selling activity has raised concerns among investors and traders about the potential impact on Bitcoin’s price dynamics. In
Releasing Razer ID Verified by World ID: A Game Changer for Gamers Imagine a world where you never have to worry about playing against bots in your favorite online games. Well, that world is soon becoming a reality with the release of “Razer ID verified by World ID.” This innovative
Understanding the Atlanta Fed GDPNow Data The latest release from the Atlanta Federal Reserve’s GDPNow model shows an improvement in the U.S. economic outlook. Actual GDPNow data reported a contraction of -2.1%, better than both the previous -2.4% and the forecasted -2.4%. This improvement represents a change of 12.5%, indicating
A Whale on Hyperliquid Despite Efforts to Boost BTC, Whale Holds $449M Short Position A whale on Hyperliquid has been making waves in the cryptocurrency market by holding a short BTC position worth $449 million. This whale’s decision to maintain this position despite efforts by other traders to boost the
North Korea’s Strategic Bitcoin Holdings The Rise of Bitcoin in North Korea As the United States prepares to launch its Strategic Bitcoin Reserve, North Korea has quietly vaulted into the top holders of Bitcoin globally. This development has raised eyebrows across the international community, as North Korea has been historically
Strategy’s holdings now total nearly half a million Bitcoin The Rise of Corporate Bitcoin Holdings Strategy’s recent announcement that its holdings now total nearly half a million Bitcoin solidifies its position as the world’s largest corporate Bitcoin holder. This news has sent shockwaves through the financial world, as more and
Nigeria’s Consumer Price Index Update On March 17, 2025, Nigeria’s Consumer Price Index (CPI) was reported at 23.18, marking a decrease from the previous 24.48, with no forecast available. This -5.31% change, although noted with a low impact level, indicates a subtle shift in the inflationary landscape of Nigeria. Implications
On March 17, 2025, the National Bureau of Statistics in Nigeria released the latest inflation report, showing the year-over-year inflation rate dropped to 23.18%, down from the previous 24.48%. This marks a small but notable decline, signaling potential economic stabilization. Understanding these changes is critical for investors and policymakers worldwide.
Introduction The United States Treasury Department recently conducted its 3-Month Bill Auction, marking an incremental but significant shift in interest rates. The auction closed with an actual rate of 4.205%, slightly above its previous rate of 4.2%. Although the immediate impact appears low with a 0.119% change, the subtle movement
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