According to Bloomberg calculations, last week 215 thousand applications for unemployment benefits were filed in the US — less than expected, even though part of the official statistics is delayed due to the shutdown. Such data distortions amid the government shutdown once again remind us how fragile economic indicators can be — especially for markets
27-year-old Jimmy Donaldson, better known as MrBeast, has decided to launch his own banking platform — the relevant application has already been filed for registration. According to the documents, the future service will support crypto payments. For MrBeast this is a new stage in his career: from YouTube videos, he is moving to launching a…
On Friday, BTC dropped to $105,711, updating its local minimum. The pressure increased amid a new wave of problems in the US banking sector. BTC price dynamics. Source: TradingView Bitcoin could sharply drop to $98,000 — traders expect a repeat of the 2023 scenario According to TradingView, the price of BTC fell below $106,000 for…
Today, bitcoin crashed again, worsening an already tough week for the crypto market, which still can’t find a bottom. By noon, the price plunged from $111,000 to below $109,000 — traders are massively exiting positions under constant pressure. Ether followed, holding just above $3,900. XRP dropped to $2.36, despite Ripple announcing a $1 billion dea
Shares of companies engaged in bitcoin mining have sharply declined. The drop amounted to 7.68% in just two days after the sector’s total capitalization reached $94 billion. Over the past year, the mining sector has shown impressive dynamics: from $28 billion to $94 billion, which means a growth of about 235% in just 12 months
The banking division of Sony has applied for a national license that will allow its subsidiary Connectia Trust to conduct a range of cryptocurrency operations. This is stated in official documents. According to the application, Sony plans to issue stablecoins, create reserves, provide custodial services, and manage digital assets. In recent months, more and more…
The story with Celsius, which began back in 2022, has finally received an update. Tether will pay $299.5 million as part of settling old claims. The amount will cover only a small part of the lawsuit, which was initially estimated at almost $4 billion. But for the market, something else is more important — the…
Scott Bessent, US Treasury Secretary, indicated that America will not change its course in relations with China just because the markets are turbulent. Speaking at the Invest in America forum, he emphasized that a stock drop is not a reason to urgently sit down at the negotiating table. According to him, trade decisions should be…
Stripe is taking another step towards cryptocurrencies by starting to test subscription payments in stablecoins as part of expanding its crypto capabilities. The payment giant has begun rolling out a feature that allows businesses to accept recurring payments in stablecoins. This is another significant step towards integrating crypto into familiar financial processes. Subscriptions in USDC…
Analysts at William Blair are confident that stablecoins are entering a commercial phase. They have initiated coverage of Circle Internet Group (ticker CRCL) with an outperform rating and call the company one of the main beneficiaries of the upcoming shift in the global financial system. According to analysts, stablecoins are moving beyond crypto trading and…
As of October 13, bitcoin ETF IBIT from BlackRock showed a net inflow of $60.4 million in one day — while other funds recorded capital outflows. Fidelity (FBTC) had an outflow of $93.3 million, Bitwise (NITB) — $115.6 million, and Ark (ARKB) — another $21.1 million. Overall, on Monday, spot bitcoin ETFs saw outflows of…
After a tense and volatile session on Monday, American indexes closed in the green. S&P 500 gained 1.6%, Nasdaq rose by 2.3%, and gold exceeded $4,150 per ounce for the first time ever, reports CNBC. The market is trying to recover after Friday’s panic, when Donald Trump’s new trade threats wiped out $2 trillion. Now…
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