Every trader wants to know what assets are going to increase in price and which assets are going to decrease in price. While this question is important, a better question is what causes assets to increase or decrease in price?
-- Chinese industrial production grew slightly less than expected in July as exports, particularly electric vehicles, were hit by increased trade tariffs, while retail...
-- Australia’s labor market grew much more than expected in July as strong job openings and record-high participation kept the sector running hot and contrary to the...
-- Australia’s labor market grew much more than expected in July as strong job openings and record-high participation kept the sector running hot and contrary to the Reserve Bank’s expectations for a softer market.
According to Odaily, Bank of America has increased its holdings in IBIT and FBTC as per its second-quarter 13-F filing submitted to the SEC. As of June 30, the bank holds $2.8 million worth of IBIT, marking a 31% increase. Additionally, it holds $1.5 million worth of FBTC, reflecting a 21% increase.
U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.
-- Japan’s economy grew more than expected in the second quarter, reversing a deep contraction from the prior quarter as increased wages helped boost private spending...
The bond market is pricing in up to a 50-basis-point rate cut in September.
Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday. The two banks joined a group of hedge funds and financial advisers that have waded into the products, which began trading in January 2024. Goldman Sachs said in its quarterly disclosure to the Securities and Exchange Commission, known as a 13-F filing, that it had acquired about $418 million in several of the recently launched ETFs tied to the price of spot bitcoin.
The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.