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Ethereum co-founder Vitalik Buterin believes that layer-2 transaction fees need to be under $0.05 to be “truly acceptable.” Buterin made the latest comments in response to a Twitter post from the “Bankless” podcast host Ryan Sean Adams, who shared a screenshot of the average transaction fees for eight eight Ethereum layer-2 platforms. The data is […]

Stocks flipped between small gains and losses in a narrow trading range Tuesday, ending the day in positive territory a day before investors look for the Federal Reserve to deliver a half-percentage point rate hike. The Dow Jones Industrial Average DJIA, +0.20% closed with a gain of around 66 points, or 0.2%, near 33,127, according […]

The largest exchange in the U.S. has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow. 1908 Total views 42 Total shares America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from […]

Masimo Corp. MASI, -0.99% stock fell more than 10% in the extended session Tuesday after the medical technology company reported mixed first-quarter earnings, saying that it faced “unexpected” supply-chain problems in the period. Masimo said it earned $46.6 million, or 81 cents a share, compared with $53.4 million, or 92 cents a share, in the […]

Daily Market Outlook, May 3, 2022 Overnight Headlines RBA Lifts Rates By 25bps, Just Weeks Out From Election Australia’s Weekly Consumer Confidence Tumbles Amid Rate Jitters New Zealand Government Raises Debt Ceiling, Sets Surplus Limit USTR Tai: All Tools On Table To Beat Inflation, Tariffs Not Top Of List Italy Approves €14Bln Of Stimulus Measures […]

Bearish pullback in the major USD rally failed to gain traction on Monday as buyers stepped up with bids ahead of the Fed meeting on Wednesday, at which the Central Bank is expected to raise rates by 50 bp and outline a plan to sell assets off the balance sheet. The dollar index (DXY), having […]