Author: admin
The US economy remains resilient, but inflation concerns remain. The eurozone is showing signs of recovery, but rising inflation limits the ECB's room to cut interest rates. US economic resilience and Fed policy The U.S. economy continues to show resilience, as evidenced by 2.8% annualized growth in the third quarter. Although this number is slightly lower than expected, it still represents solid economic performance. This robust growth, combined with persistent inflationary pressures, has led to a cautious approach by the Federal Reserve. The central bank will continue to monitor inflation, particularly as the core PCE price index remains above its…
Researchers have released a new report claiming that YouTube's biggest star, MrBeast, made $23 million in crypto profits “from numerous scams, shady transactions, and his network.” However, this heavily hedged report also shows signs that it is less than 100% reliable. In fact, its end credits, which acknowledge pseudonymous researchers who have fewer than 4,000 followers on X (formerly Twitter) at the time of publication, read more like a job application than an authoritative biography. Not only that, but the principal investigator's website (the default SquareSpace template doesn't have nearly enough content to function) doesn't provide any information about the…
Bitcoin (BTC) hit an all-time high three-day candlestick closing price of $72,724 on October 29, after the crypto asset rose 8.75% in 24 hours. With BTC above the overhead resistance at $71,500, investors are looking at a return on investment (ROI) range of 145% to 530% over the next 12 months based on this key metric. Possibly. Bitcoin 3-day chart. Source: TradingViewBitcoin price could peak in the $175,000 to $450,000 zoneBitcoin is close to breaking out of its seven-month stable price range, and the market is anticipating a price discovery period after BTC hits a new all-time high (ATH).While new…
advertisement     Morph, a pivotal consumer segment accelerating blockchain adoption, has officially launched its mainnet on Ethereum. The mainnet launch represents a pivotal moment in the evolution of Morph's consumer layer, going beyond the limits typically expected from layer 2 solutions. Morph's consumer base addresses barriers to widespread adoption of blockchain, enabling ecosystem participants to exchange real assets and seamlessly execute transactions. Projects currently leveraging Morph will move to mainnet, allowing us to evolve our technology within this broader framework and thereby drive growth in our consumer base. Cecilia Hsueh, CEO and co-founder of Morph, commented on today's news:…
The euro zone economy expanded more strongly than expected between July and September, avoiding the recession that even Germany was widely expected to endure.Growth in the 20-nation currency bloc accelerated to 0.4%, but economists had expected it to stabilize at 0.2% as France's momentum picks up and Spain remains strong. Germany's surprise 0.2% rise in gross domestic product caught analysts by surprise, but the statistics for the past three months have been revised down significantly.The weak spot was Italy, where production was unexpectedly flat due to the negative contribution of net trade.On the inflation front, separate data from Spain shows…
The euro zone economy grew faster than expected in the third quarter, official data showed on Wednesday, as Germany surprisingly avoided a recession. According to the EU's official data agency, the eurozone grew by 0.4% in the July-September period compared to the previous quarter. The figure was higher than the 0.2% expected by analysts surveyed by Bloomberg, who had worried that Germany would weigh on the euro zone.However, Germany's economy expanded by 0.2% quarter-on-quarter, narrowly avoiding a technical recession defined as two consecutive quarters of contraction. The figures, published a month after Eurostat revised its…
According to a report on Tuesday, Reddit sold the majority of its crypto portfolio during the third quarter, selling off Bitcoin and Ethereum that it previously held for “financial purposes.” filing Work with the Securities and Exchange Commission (SEC).When the social media company filed for an initial public offering in February, it held an “immaterial” amount of cryptocurrencies on its balance sheet and purchased digital assets. surplus cash. On Tuesday, Reddit used the same language to explain the proceeds from recent sales.“We have sold a large portion of our crypto portfolio, primarily consisting of Bitcoin and Ether,” Reddit said. “The…
Vice President Kamala Harris is seen as the likely presidential candidate in terms of addressing the U.S. housing affordability shortage, but former President Donald Trump is seen as a better candidate for stock market and cryptocurrency investors. . This is according to the results of a recent survey. bloomberg. With less than a week until Election Day, the presidential election remains so close that it is far from decided. But if the economy continues to be voters' North Star, a deeper dive into economic sentiment reveals subtle differences in voters' views. “The stock market, which has risen about 22% through…
BlackRock's iShares Bitcoin Trust ETF (IBIT) has become the fastest growing ETF in history, with over $30 billion in assets under management.IBIT reached this milestone in just 293 days, setting a new record, according to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence. This pace outpaces the growth rates of the JPMorgan Equity Premium Income ETF (JEPI) and the major gold ETFs, which reach the $30 billion mark in 1,272 and 1,790 days, respectively. crypto slate predicted that ETFs would outperform gold ETFs in January.IBIT's market valuation has now exceeded $30 billion following significant capital inflows and rising Bitcoin prices…
Official figures on Wednesday showed the euro zone economy grew faster than expected from July to September, boosted by Germany's unexpected expansion, but experts warned that growth would slow in coming months. is warning.The 20-nation single currency bloc grew by 0.4% in the July-September period compared to the previous three months, the EU's official data agency said.A boost from the French Olympics and better-than-expected growth in Spain pushed the figure above the 0.2% expected by analysts polled by Bloomberg.There will be a sense of relief in Europe after concerns that Germany will squeeze the eurozone.However, output growth in Europe has…