Latest Market News
GBPUSD remains under bearish pressure; the Brexit issue doesn’t make things more optimistic. The Pound sterling remains weak against the USD. The current quote for the instrument is 1.2374. Today’s slight optimism shouldn’t mislead anybody: lows in GBP are too close. On Monday 9 May, the asset updated the bottom at 1.2259, the lowest level […]
An attempt by S&P 500 to decisively break below 4000points on Tuesday was not successful, however, the subsequent rebound has notyet found wide support among buyers. Retail and institutional sentimentindicators are in an extremely bearish zone (13-year high), which increases theodds of a rebound in case of emergence of some bullish catalyst:Today’s US CPI release […]
Coinbase In TroubleShares in leading crypto exchange Coinbase are falling even faster this week. Amidst the broader stock plunge we’ve seen recently, linked to hawkish Fed expectations, coin base shares have been falling rapidly. Shares in the company are now down around 80% on the year as crypto volumes have sunk on falling crypto prices. […]
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST. 4541 Total views 4 Total shares Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced […]
Perrigo PLC shares PRGO, +0.37% slid 4% in premarket trade Wednesday, after the personal self-care product maker swung to a loss for the first quarter and fell short of estimates. The Dublin-based Perrigo posted a net loss of $2.4 million, or 2 cents a share, after income of $38.1 million, or 28 cents a share, […]
The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi and content creator products on the NFT blockchain. 1225 Total views 27 Total shares The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used […]