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Securities and Exchange Commission Chief Enforcement Officer Gurbir Grewal condemned the crypto industry's “serious violations” and cited criticism leveled at the commission over the years. Grewal, head of the agency's enforcement division, spoke to the crypto industry for about 15 minutes Wednesday morning.wo-day “SEC Speaks” event sponsored by the Practical Law Institute. “Over the past decade, we have faced serious violations and numerous creative attempts by market participants to circumvent our jurisdiction. , some claim that they are regulated by enforcement agencies, while others claim that we are “somehow recklessly exceeding our authority,'' Grewal said. . Mr. Grewal also pointed…

The eurozone's annual inflation rate fell further than expected in March, official figures showed on Wednesday, raising hopes that the European Central Bank would cut interest rates in June.Consumer price inflation in the single currency area slowed to 2.4% from 2.6% in February, the EU Statistics Office said.Analysts surveyed by FactSet had expected inflation to hold steady at 2.6%, while economists asked by Bloomberg expected it to fall to 2.5%. The figure is close to the ECB's 2% target and would strengthen the case for a June rate cut, but analysts do not expect a rate cut at the next…

Oleg Erkov The buzz surrounding artificial intelligence (AI), along with strong financial results, is providing strong stimulus to stock markets, particularly in the euro area. Eurozone stocks are trading at record highs, with the EuroStoxx 600 index reaching the 496 level.1 Can eurozone stocks sustain these gains? Macroeconomic indicators in the euro area have not yet shown a convincing improvement. But many of Europe's biggest companies sell around the world, from the United States to China, and their global context helps. It is also possible that the European Central Bank (ECB) will take precedence over the Federal Reserve (Fed) in…

Bitcoin and other cryptocurrencies stabilized on Wednesday after days of decline for the digital asset, which fell along with stocks. Although crypto has calmed down for now, the token is still at risk of further correction from recent highs. Bitcoin price has been flat over the past 24 hours above $66,400, with recent lows trading around $64,500. The largest cryptocurrency hit a record high of nearly $74,000 in mid-March, but has since struggled to consolidate around that level and endured one volatile correction. . Bitcoin Other cryptocurrencies were firmer on Wednesday after several days of declines in digital assets, which…

Oleg Erkov The buzz surrounding artificial intelligence (AI), along with strong financial results, is providing strong stimulus to stock markets, particularly in the euro area. Eurozone stocks are trading at record highs, with the EuroStoxx 600 index reaching the 496 level.1 Can eurozone stocks sustain these gains? Macroeconomic indicators in the euro area have not yet shown a convincing improvement. But many of Europe's biggest companies sell around the world, from the United States to China, and their global context helps. It is also possible that the European Central Bank (ECB) will take precedence over the Federal Reserve (Fed) in…

The Ethereum network's net profit for the first quarter of 2024 was $369.11 million, an increase of 209.5% year-on-year. According to Coin98 analysis, Ethereum's fee income was $1.17 billion, an increase of 155% from the first quarter of 2023. Total revenue exceeded $1 billion, and expenses rose to nearly $666 million. #Ethereum 2024 Q1 Financial ReportIn the first quarter of 2024, most indicators of the income statement show signs of positive growth.– Fees and revenue increased approximately 1.8x QoQ– Profits tripled from previous quarter#ETH $ETH pic.twitter.com/9BpI0KEmhu— Coin98 Analytics (@Coin98Analytics) April 3, 2024 The number of daily active users on the…

Better-than-expected Eurozone inflation figures helped London’s FTSE 100 index recover from a difficult start this morning.The selling pressure came amid concerns that US interest rates may stay elevated for longer than Wall Street had earlier hoped for.Topps Tiles and Hilton Foods are in today’s corporate spotlight, while Morgan Stanley has pledged to stay at Canary Wharf until 2038.FTSE 100 Live WednesdayMorgan Stanley to stay in Canary WharfWarning over shrinking stock marketTopps Tiles hit by house market slowdownCo-Op headlines quiet day tomorrowWednesday 3 April 2024 17:21 , Daniel O’BoyleHere’s what’s on the schedule for tomorrow, which is set to be another…

(Partial video transcription) Eurozone PPI data Angeline Ong: Hello, I'm Angeline Ong. Welcome to “Looking Ahead” on Thursday, April 4th. Now, we start with the Eurozone data as the Producer Price Index, which could make things a little more interesting, especially given that we expect at least -0.5% month-on-month for February in his . Also important are comments that may come from some speakers this week on whether the ECB will act ahead of the Fed in cutting interest rates. The Fed still seems likely to make its first rate cut in June. US trade balance and number of new…

(Partial video transcription) Eurozone PPI data Angeline Ong: Hello, I'm Angeline Ong. Welcome to “Looking Ahead” on Thursday, April 4th. Now, we start with the Eurozone data as the Producer Price Index, which could make things a bit more interesting, especially given that he expects at least -0.5% month-on-month for February . Also key will be comments that may come from some speakers this week on whether the ECB is likely to go further than the Fed on rate cuts. The Fed still seems likely to make its first rate cut in June. US trade balance and number of new…

(Bloomberg) — For crypto enthusiasts, buying and holding Bitcoin is the only trading game in town, with returns of about 50% on new investments so far this year alone. Masu.Most Read Articles on BloombergBut for quantitative hedge fund investors and a number of academic researchers, there is a better way to capture gains in volatile assets while profiting from huge drawdowns. It is simply following the wisdom, or foolishness, of the crowd.A growing body of research, from Man Group Inc., the world's largest publicly traded hedge fund manager, to academics at the University of Cambridge and beyond, is finding that…