BEIJING – China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while signaling more economic support would come next year. Minister of Finance Lan Fo’an told reporters Friday that authorities planned to “actively use” the available deficit space that can be expanded next year. He…
(Bloomberg) — Asian shares slipped after China’s new economic support disappointed some investors and data showed persistent deflationary pressures. Bitcoin surged past $81,000 to a record. Most Read from Bloomberg A gauge of the region’s equities dropped 0.6% early Monday, with losses in Australia and South Korea. Futures pointed to a weak open in Hong…
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Tokenized assets transforming financial markets explores how tokenization is revolutionizing global financial markets by enhancing accessibility, liquidity, and security. Tokenized assets are transforming financial markets, offering new opportunities for liquidity, access, and efficiency. By representing both physical and digital assets as blockchain-based tokens, this transformation allows for easier trading, fractional ownership, and transparency. Blockchain technology…
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Standard Chartered said the recent Republican win in the US elections could serve as a major catalyst for digital assets, potentially driving their combined market cap from $2.5 trillion to $10 trillion by the end of 2026. The bank’s latest report outlines how anticipated regulatory shifts under the new administration may pave the way for…
Read More “StanChart sees total crypto market cap climbing 5x to $10 trillion by 2026-end” »
Pepe Unchained continues to hit big presale milestones. It just crossed the $25 million mark after announcing Pump Pad, a new platform for creating and trading meme coins. And with excitement building around Pepe Unchained’s (PEPU) Layer-2 ecosystem, many believe this project could be primed to explode. Pump Pad Makes Launching New Meme Coins on Ethereum Much…
Read More “Pepe Unchained Presale Races Past $25M After New Meme Coin Trading Platform Reveal” »
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty Images Two months since UniCredit played its opening move to woo German lender Commerzbank, the lenders flaunted their financial strength as one of Europe’s largest banking mergers still hangs in balance. Both…
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Trump Media & Technology Group stock (DJT) was briefly halted for volatility in late afternoon trading on Tuesday as investors brace for more wild swings with Election Day underway in the US. Shares quickly erased 15% gains and reversed Monday’s double-digit percentage rise to kick off the week. The stock somewhat recovered from steeper losses…
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Ethereum’s recent price movements reveal a strong seller presence, particularly around the critical resistance region at the 100-day moving average. This price action suggests increased downward pressure, with a corrective consolidation expected in the near term. Technical Analysis By Shayan The Daily Chart Ethereum recently encountered heightened selling activity at the $2.6K resistance area, aligned…
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UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial…
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By Ankika Biswas and Pranav Kashyap (Reuters) – Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican…
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