Markets

Singapore, Singapore, September 18th, 2024, Chainwire New global crypto exchange offers competitive leverage and yield-earning cash sweeps, offering users up to 8% on cash and stablecoin balances. Figure Markets, a leading decentralized custody marketplace for digital assets, today unveiled its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities. One of the standout offerings is a new yield sweep for eligible global users on cash and stablecoin balances with rates…

Digital asset investment products recorded $436 million in inflows last week, a paradigm shift after a series of outflows reaching $1.2 billion. Crypto markets have much to anticipate this week, with a key moment on Wednesday as the Federal Open Market Committee (FOMC) decides the scale of September’s interest rate cuts. Crypto Investments Inflows Reach $436 Million Bitcoin (BTC) led crypto inflows last week, bringing in up to $436 million and reversing the negative flows from the week ending September…

The post Intel Markets (INTL) on Track to Outshine Binance Coin and Solana, Says Leading Analyst appeared first on Coinpedia Fintech News As the crypto market prepares for a resurgence, an expert in the crypto community has predicted that Intel Markets (INTL), a new ERC-20 cryptocurrency, will lead the renaissance phase, outpacing top crypto coins like Binance Coin (BNB) and Solana (SOL). This opinion has drawn significant attention to INTL, which now exhibits patterns that suggest an explosive price movement…

San Francisco, California, September 7th, 2024, Chainwire Figure Markets today announced that, together with Veton Vejseli, a shareholder of Ionic Digital, it has requested access to certain company records under Section 220 of the Delaware General Corporation Law. This request seeks information to investigate potential misconduct by the Board of Directors and assess their performance of fiduciary duties. Figure Markets and Mr. Vejseli believe access to these records (the “Books and Records”) is crucial for protecting shareholder interests. This request…

Markets anticipate a 50 basis point (bp) rate cut in September amid deteriorating US Job data. According to the US Non-farm Payrolls (NFP) data released on Friday, the US economy added 142,000 jobs in August, below the expected 164,000. Due to this anticipation, Bitcoin shot up over 2% within 30 minutes. Bitcoin Approaches $57,000 At the time of writing, Bitcoin (BTC) is trading for $56,821, swiftly moving towards the $57,000 mark. The August unemployment rate hit expectations, coming in at…

The post BTC Tumbles Below $56K: Bitcoin Price Today and Crypto Markets Drenched in Red appeared first on Coinpedia Fintech News The crypto industry has been hit hard recently, with Bitcoin dropping lower than $56,000. This sharp drop, along with a red wave sweeping through the markets, has left holders worried. How did the price fall so quickly? What’s next for it and for the broader economy? Keep reading to discover the latest Bitcoin news and insights on what might…

The post Ethereum Lending Markets Face 2nd Largest Liquidation in History Amid ETH Plunge! appeared first on Coinpedia Fintech News The Ethereum on-chain lending markets witnessed the 2nd largest wave of liquidations, after the 2021 market correction. The sharp move comes with the Ethereum token price falling 22% month-over-month, with the lowest price point marking a 35% drop. The massive sell-off triggered liquidations worth $436 million throughout Ethereum’s lending platforms. On the contrary, AAVE took a massive hit for $289…

The post US Stock Market’s Hints At Recession, Bitcoin Crash Imminent? appeared first on Coinpedia Fintech News There is a link between broader cryptocurrency and the US Stock Market, although the correlation may not be super strong. Often when one goes up, the other goes up too and if Bitcoin does go up, altcoins follow too, although there is some delay. But if the US stock market falls into recession, could it affect Bitcoin and the broader crypto market? Read…

The post TON Down 10%; TRX Continues Rally; Intel Markets Kicks of ICO, Preparing to Reshape Crypto Trading appeared first on Coinpedia Fintech News The crypto market took another sudden turn as Bitcoin (BTC) tumbled below $60,000. Toncoin (TON) swung low and down by over 10%, despite Pavel Durov’s release from custody. Meanwhile, TRON (TRX) maintains traction, oblivious to larger bearish sentiment. At the same time, a new player has stolen the spotlight, aiming to reshape crypto trading: Intel Markets…