Municipals were weaker to start the week, while U.S. Treasuries saw more losses as investors continue to see a stronger-than-expected U.S. economy challenge Federal Reserve policy efforts. Equities ended mixed. Triple-A yield curves were cut up to five basis points, depending on the scale, while UST yields rose six to nine basis points, pushing the
Do Kwon: “95% are going to die [coins], but there’s also entertainment in watching companies die too” 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a — Pedr (@EncryptedPedro) May 11, 2022 More than $40 billion in investor assets were lost in the crash between May 5 and May 13, 2022. Less than a year later, Do Kwon was
After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move. After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into
One of the more unique things about Texas and the Texas housing market is that, back during the great housing bubble and crash of the late-2000s, much of the Lone Star State was spared the worst effects. This was largely due to the fact that Texas home lenders had retained more traditional, conservative lending standards;
Florida’s private-sector job growth increased 0.5% in July, far outpacing the national growth rate of 0.1%, the Florida Department of Economic Opportunity reported Friday. Overall, Florida led the nation in job growth in July, Wells Fargo said in a report. Florida’s success is a result of policies that support business owners and job seekers along
China will push the Brics bloc of emerging markets to become a full-scale rival to the G7 this week, as leaders from across the developing world gather to debate the forum’s biggest expansion in more than a decade. South Africa’s President Cyril Ramaphosa has invited more than 60 heads of state and government to a
Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index
Crypto miner Gryphon Digital is seeking dismissal from a lawsuit brought by its former partner Sphere 3D over a spoofing attack that resulted in 26 Bitcoins (BTC) being transferred to a fraudulent address. According to the initial complaint filed by Sphere 3D in April, Gryphon CEO Rob Chang allegedly wired 18 BTC in January to
Celebration at the Nasdaq during the Datadog IPO, September 19, 2019. Source: Nasdaq Selecting the right stocks against a backdrop of mixed economic data and earnings can be challenging for investors. One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions. To that end,
There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report. Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity
Top Stories This Week Judge grants SEC request to file motion for appeal in Ripple case Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to
Dire news from two iconic Chinese property developers, Country Garden Holdings (2007.HK) and China Evergrande Group (3333.HK), hit the press this month. Country Garden missed a scheduled bond payment, its bonds stopped trading and it was de-listed from the Hang Seng Index. Evergrande declared bankruptcy seeking Chapter 15 protection on USD 31.7BN of obligations to
A group of Silicon Valley’s biggest private tech companies are dusting off long-delayed plans to list their shares, with the upcoming initial public offering of chip designer Arm set to provide a new gauge for market sentiment. Grocery delivery group Instacart, software company Databricks and identity verification start-up Socure are among those considered candidates to
Bondholder-sympathetic Puerto Rico Oversight Board Member Justin Peterson resigned Friday afternoon in protest of the impending Puerto Rico Electric Power Authority plan of adjustment. Peterson announced his resignation on Twitter. The board says it will submit the proposed plan on Aug. 25. “To be clear, I’ve decided to resign because I do not wish to
Municipals were mixed Friday while U.S. Treasuries made gains on global concerns over higher interest rates and the hopes for a soft landing fading. Equities sold off. “For those hoping things will be quiet on the [Federal Open Market Committee], or Fed front they can think again,” said Tom Kozlik, head of public policy and
After months of negotiations, the NHL’s Carolina Hurricanes have agreed to a 20-year lease extension at Raleigh, North Carolina’s PNC Arena, helped by a package of incentives officials hope will spur wider development in the area. The Centennial Authority, which owns the arena on behalf of the state, put the final touches on a deal
The leaders of Japan and South Korea on Friday put decades of frequently acrimonious relations behind them, signing on to a trilateral pact with the US that will deepen military and intelligence co-operation between the three allies. The agreement, formally reached at President Joe Biden’s retreat at Camp David outside Washington, sets up annual summits
The price of Bitcoin (BTC) fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward but this was obviously not the
Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s
The inaugural sale of a California Housing Finance Agency credit that pools multifamily housing loans received a welcome reception from the market. It was the first time in nearly a decade that CalHFA has sold bonds under a party indenture for a pool of multifamily permanent loans, and as “a new California credit, the bonds