Lawmakers Push for Digital Asset Integration
Meta Climbs on Revenue Surge, Reality Labs Bleeds Billions
Meta wrapped up 2024 with strong revenue growth, with the company’s total annual earnings climbing 22% to $164.5 billion.
USD/CAD Chart Analysis Following Bank of Canada’s Rate Cut
Unlike the Federal Reserve, which opted to leave its monetary policy unchanged, the Bank of Canada cut its interest rate yesterday. According to Forex Factory, as expected by analysts, the Overnight Rate was lowered by 25 basis points from 3.25% to 3.00%. According to Reuters:→ The Bank of Canada reduced interest rates to support the […]
How Trump’s Executive Order Could Impact Bitcoin’s Market Cycle, According to Bitwise CIO
Matt Hougan, Chief Investment Officer at Bitwise, believes President Donald Trump’s executive order could significantly impact Bitcoin’s (BTC) market cycle. Source: https://www.cryptopolitan.com/bitwise-cio-crypto-is-gaining-interest/ In his weekly memo, Hougan cited Trump’s order and growing support for crypto from the SEC as main […] The post How
Tesla’s Q4 Surprise: Bitcoin Holdings Soar to $600 Million
In the final quarter of 2024, Tesla announced a $600 million increase in the value of its Bitcoin BTC holdings after a recent accounting rule change.
Gemini Co-founder: No MIT Graduates Will Be Hired Due to Gensler’s Return
Tyler Winklevoss, co-founder of the US cryptocurrency trading platform Gemini, has taken a firm stance against former Securities…
Nasdaq 100 Hovering Near Weekly Highs in a Volatile Week
As shown on the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen), the index stood around the 21,600 level this morning, near the weekly high that formed at Monday’s open. This suggests that the tech-stock index has almost fully recovered from the decline triggered by the launch of AI from the […]
The Dollar Slightly Strengthened after the Fed Meeting
Yesterday’s Fed meeting proceeded in line with expert forecasts. The base interest rate remained at 4.50%. Jerome Powell, who spoke after the Fed’s decision was announced, did not clarify the future direction of monetary policy. The head of the US regulator, in particular, noted that the Fed would not rush to cut rates and that, […]
US Lawmakers Grill Howard Lutnick on Tether and Illegal Finance Issues
Amid concerns over Tether’s stablecoin reserves and its involvement in illegal finance, US lawmakers grilled Commerce Secretary nominee…
Crypto Community Trolls Ex-U.S. Senator and Crypto Critic Bob Menendez Over Bribery Charges
The tables have turned for former U.S. Senator and crypto critic Bob Menendez, who once called Bitcoin the…