U.S. Federal Reserve Chair Jerome Powell’s speech reflected slightly hawkish comments on restrictive monetary policy and interest rate cuts amid ongoing inflationary pressures and a strong labor market. The progress toward bringing inflation back down to its 2% target this year has stalled as some raised stagflation concerns, which were denied by Powell again. He […]

Reddit’s much-awaited IPO has sparked hopes among the users of the social media platform about its mainstream acceptance. The platform’s initial public offering will benefit a plethora of people. However, reports now point out that OpenAI CEO, Sam Altman could see huge benefits out of the listing, thanks to his stake in the company. Sam […]

TON has outperformed Bitcoin (BTC) and other crypto assets this year following positive developments from the network and surging on-chain transactions. A new report by on-chain analytics firm CryptoQuant shows a high-flying performance of TON as its performers soar to year-to-date (YTD) highs. $TON is among the best-performing layer 1 blockchains in 2024 “Since the […]

Ripple (XRP) has witnessed significant transaction activity in the past 24 hours, with large volumes of the cryptocurrency being transferred to exchanges, sparking speculation about potential sell-off pressure. According to the crypto data tracking service Whale Alert, two notable transactions involving approximately 54.8 million XRP, valued at nearly $30 million, have caught the attention of […]

In a notable development, Canadian banking giants have entered the U.S. Spot Bitcoin ETF arena with investment worth millions. Scotia Bank and Toronto Dominion Bank (TD Bank), two of Canada’s largest financial institutions, have revealed their exposure to Bitcoin ETFs through recent SEC filings. How Much Did These Canadian Banks Invest? Scotiabank has disclosed more […]

In a thrilling turn of events, an XRP whale’s 19.99 million accumulation appears to have piqued the interest of crypto market enthusiasts across the globe. As per insights unveiled by the blockchain tracker Whale Alert, this transfer of XRP, worth $10.69 million, promptly gained traction as XRP’s price neared the $0.54 mark as of press […]

Developments in the Terra Classic community hinge on restoring LUNC and USTC tokens’ value. For instance, passing the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira. Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in May and the upcoming months. Terra […]

FLR, the native cryptocurrency of the EVM-based Layer-1 Flare Network, is up by 7% in the last 24 hours with trading volumes up by 64% to $88 million. The Flare price surge comes as the network announces some key updates to the FLR tokenomics. Flare to Reinvest 50% of FLR Token Sales Flare Network’s new […]

Bitcoin critic Peter Schiff sneered at the economic data that was released earlier, calling it a “stagflation trifecta.” CPI Data Has Not Impacted Market Outlook  By this statement, Schiff strongly believes that the economic data has not had any impact on the general outlook of the market. In other words, the market is still at […]

Grayscale Investments faced a sharp dip in the new inflow for GBTC, its Bitcoin ETF. According to research conducted by BitMEX, the fund saw a drop in inflows to $44 million on Friday, which compares poorly to January 11, when inflows were $77 million. The news hit the headlines during the broader context of investors’ […]