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on the radar Hungary's unemployment rate was reported at 4.5%. At noon, Serbia will announce its real wage growth rate for August. economic development Yesterday, preliminary PMI figures for major countries including the euro area and Germany were released. The eurozone composite PMI rose slightly to 49.7, but remained just below the neutral threshold of 50 that distinguishes contraction from expansion. The euro area manufacturing PMI is still in contraction territory at 45.9, but this is the highest level in five months. Germany's manufacturing PMI was even more dire, registering 42.6. However, this is an improvement from September's figure of…
Microsoft is recommending that shareholders vote against the proposal to conduct a valuation of Bitcoin as an investment asset, as the company is already considering Bitcoin as an investment option. A filing with the U.S. Securities and Exchange Commission on October 24th states that one of the proposals that Microsoft shareholders will vote for or against at the annual meeting on December 10th is “Evaluation of Investments in Bitcoin.'' Items are listed. However, the Microsoft board has indicated that it will vote against it. The reason behind this is that Microsoft claims that a valuation of Bitcoin (BTC) is not…
Business activity in the euro zone slumped again this month, with domestic and international demand falling even as companies hardly raised prices, and the economy remains in contractionary territory, a survey showed this week. The HCOB Eurozone Composite Purchasing Managers' Economic Index (provisional value) compiled by S&P Global was 49.7 in October, slightly up from 49.6 in September, but still below 50, which is the dividing line between growth and contraction. It has fallen for two consecutive months. A Reuters poll predicts a significant rise to 49.8. “This survey is consistent with a weak economic environment with slower inflation due…
Ripple Labs has filed a cross-appeal with the U.S. Court of Appeals for the Second Circuit, challenging several elements of a key ruling in its legal battle with the Securities and Exchange Commission. The move comes a week after the S.E.C. submitted It is a unique appeal targeting specific aspects of a 2023 court ruling that partially favored Ripple in selling XRP to investors.The appeals process is expected to last into next year, but has already attracted significant attention because of its potential impact on the regulation of digital assets in the United States.”The Court of Appeals has reviewed the…
Ethereum and Solana The past week or so has taken a very different trajectory, causing investors to dump their capital. Bitcoin BTC/USD Sit down and notice. what happened: Solana, touted as the “Ethereum killer,” has soared more than 13% in the past seven days, making it one of the top weekly gainers. In contrast, Ethereum, which has a much larger market capitalization, declined by 4.63% during the period. In fact, from an ETH perspective, SOL is currently at an all-time high, reflecting a 57% year-to-date increase, according to CoinMarketCap data. Last week, SOL rose over 19% versus ETH. cryptocurrency7 day…
Approximately 62,600 Bitcoin options contracts expire on Friday, October 25th, with a notional amount of approximately $4.26 billion. Today's option expiration is a month-end event, so it is much larger than a typical weekly expiration. Additionally, the spot market has fallen since Monday's high, but can this trend be reversed? Bitcoin options expiration date The put/call ratio for large Bitcoin options contracts this week is 0.66, meaning there are significantly more long (call) contracts expiring than short (put). Additionally, Open Interest (OI), the amount or number of open option contracts that have not yet expired, remains high at the $70,000…
Skylux Travel launches crypto payments for exclusive flight tickets – Travel And Tour…
Bitcoin was retested and found support near the $66,000 level, proving that the recovery is certain. Ethereum price stabilizes after retesting the daily support level at $2,461. A solid close below would signal a decline ahead. Ripple price is rejected at the 200-day EMA at $0.552 and the downtrend may continue. Bitcoin (BTC) has found support at the key $66,000 level, suggesting a possible recovery. However, Ethereum (ETH) and Ripple (XRP) prices are struggling below important support levels, indicating that the downtrend could continue. Bitcoin shows signs of recovery after finding support near $66,000 Bitcoin price fell to retest the…
Large participants in Ethereum's initial coin offering (ICO) received a staggering 254,908 ETH totaling $79,000 at the cryptocurrency's launch, but recently received 3,000 ETH worth approximately $7.64 million. was sold. The huge Ethereum whale’s total ICO investment exploded from $79,000 to over $645 million, and the whale continued to sell the cryptocurrency and realize its profits over time. According to popular on-chain analytics service Lookonchain, the last time a crypto whale sold ETH was back in July, when the whale moved 7,000 ETH worth about $24.28 million. Whale still holds 37,070 ETH worth $93.8 million. Ann #Ethereum ICO participants sell…
Microsoft Corporation MSFTThe company, which has a market capitalization of more than $3 trillion, announced that it will vote on the evaluation of its investment in. Bitcoin BTC/USD At the shareholders' meeting scheduled for December. what happened: In Thursday's SEC filing, the tech giant listed an item for a vote at its annual meeting on Dec. 10: “Evaluation of Investments in Bitcoin.” The filing states the board will recommend voting against the plan. Shareholders asked the board to conduct an evaluation, citing Bitcoin's healthy return of nearly 100% last year and 414% over the past five years. Suggestions mentioned Micro…