Crypto Watchdog launches amid US crypto debate
Crypto Watchdog has launched as a non-profit consumer advocacy organisation focused on risks in the cryptocurrency sector.
Crypto Watchdog has launched as a non-profit consumer advocacy organisation focused on risks in the cryptocurrency sector.
Cryptocurrency derivatives markets recorded US$967 million in liquidations during the past 24 hours, as a sharp market decline triggered widespread forced closures of leveraged trading positions.
Ethereum (CRYPTO:ETH) traded near US$1,600, about 21% below its 30-day peak, as whale accumulation and stabilising exchange liquidity data suggested conditions may be improving after a prolonged market decline.
Binance said it has withdrawn its Markets in Crypto-Assets Regulation application with Greece's Hellenic Capital Market Commission.
Cboe Global Markets has launched Cboe Predicts, a prediction market platform offering binary contracts tied to the daily closing level of the S&P 500 index.
Aave (CRYPTO:AAVE) could reach US$3,500 by the end of 2030, according to a new forecast from Standard Chartered, which said growth in decentralised finance could support higher demand for the lending protocol's native token.
South Korea's Financial Services Commission (FSC) has incorporated token securities infrastructure into a wider capital-market reform programme.
Hyperscale Data has signed a Master Service Agreement to deliver 20 megawatts of artificial intelligence computing capacity at its Michigan campus.
Dawn Nordberg, head of integrated client solutions and global family office at Citi Wealth, said projections show that 55% of global wealth will be commanded by women by 2030 as the 'great wealth transfer' continues to trend toward women. Nordberg said that she is seeing a shift from women being the beneficiaries of a family to being the principal in a family office.
Katie Hubbard, president of US capital markets for Walton Global, said that the higher end of the housing market is still doing well as high income clients are still paying to buy and build homes. Hubbard said that despite efforts to make home buying more affordable for the wide public, it is hard for federal efforts to increase housing supply to make an impact.
Jeff Sherman, Deputy Chief Investment officer at DoubleLine Capital, joined the program to analyze recent developments in the U.S. Treasury market. The discussion focused on recent moves in Treasury yields, including a notable drop in the 10-year yield by 10 basis points to just above 4.3%. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Bloomberg's Mandeep Singh previews Micron earnings and the larger tech environment as companies at the forefront of AI forecast massive earnings. Singh said he finds similarities between the hold oil companies have on energy prices with how chip companies have a control of AI memory and are unlikely to increase that capacity as they bring in money.