Tech Meltdown: $2.6 Trillion in Market Cap Vanish as ‘Magnificent 7″’ Prices Stumble
A group of seven megacap tech stocks – often referred to as the Magnificent 7 – has lost more than $2.6 trillion in value over the last 20 days, making…
Paul Krugman Launches Verbal Attack on JD Vance and His Connection to the Tech/Crypto Community
Paul Krugman’s recent opinion piece in The New York Times (NYT), titled “Tech Bro Elegy: How Did JD Vance Get Here?”, presents a sharp critique of JD Vance’s political rise…
CCData Report: Stablecoins Market Cap Reaches $164B in July 2024
On 31 July 2024, CCData Research unveiled the July 2024 edition of its “Stablecoins & CBDCs” report, providing a comprehensive overview of recent trends and market dynamics within the stablecoins…
British Pound Forecast 2024: Analysts Bullish on GBP Despite BOE Rate Cut Expectations | CNBC Report
According to an article by George Bextor for CNBC, the British pound (GBP) has emerged as a top performer among major currencies in recent months, with financial experts suggesting this…
Ethereum’s $2.6bn ETF surge is faltering — here’s when BlackRock sees it bouncing back
When Ethereum exchange-traded funds began trading last week, they were welcomed with a $2.6 billion surge as investors rushed to the new products. But fast-forward a week, and demand is…
Ethereum ICO Participant Moves 1,111 Tokens After 9 Years and 1,000,000% ETH Price Rise
A massive Ethereum ($ETH) initial coin offering (ICO) participant has recently shaken up the cryptosphere after transferring a staggering 1,111 ETH worth over $3.7 million after being dormant for nine…
WSJ Editorial: Trump’s Crypto Policy Contradictions
On July 29, the editorial team at the Wall Street Journal published an opinion piece that criticized former President Donald Trump’s position on Bitcoin. The Journal’s analysis begins with Trump’s…
Ethereum Investment Products See Massive $2.2B Inflows with Launch of Spot Ether ETFs
Over the past week cryptocurrency investment products saw $245 million of inflows, with Bitcoin seeing inflows of $519 million to bring its month-to-date inflows to $3.6 billion, a figure dwarfed…
Economic Outlook 2024: Insights from Goldman Sachs’ David Solomon
On July 30, David Solomon, Chairman and CEO of Goldman Sachs, appeared on CNBC’s “Squawk Box” to provide insights on various critical topics, including the state of the US economy,…
Key Technical Indicator Suggests ADA, SHIB, and XRP Are Set for a Bullish Comeback
Several altcoins including the meme-inspired cryptocurrency Shiba Inu, Cardano’s native token ADA, and XRP could soon bounce back based on a key technical indicator suggesting these cryptocurrencies are currently undervalued.…