Novocure (NVCR) said Monday that the phase 3 ENGOT-ov50 / GOG-3029 / INNOVATE-3 clinical trial of Tumor Treating Fields together with paclitaxel in patients with platinum-resistant ovarian cancer did not meet its primary endpoint of overall survival at the final analysis. In Monday pre-market trade, NVCR was trading at $17.51 down $12.26 or 41.18%. According to the company, Patients randomized […]

Cryptocurrencies traded close to the flatline as markets digested the full import of the Fed Chair Jerome Powell’s commentary at the Jackson Hole economic symposium on Friday. Jerome Powell, in his speech on Friday reiterated the Fed’s focus on bringing inflation to the level of 2 percent but assured to proceed carefully. The hints triggered fears of interest rates remaining […]

Market sentiment remains tethered to the monetary policy outlook implied in Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. Wall Street Futures are trading with mild gains. European benchmarks are also trading in the green zone. Asian stock markets finished on a positive note. Dollar Index remains firm as rate hike fears lifted the U.S. dollar. Bond yields […]

During his speech at the Rare Evo 2023 convention, Charles Hoskinson, the Co-Founder and CEO of IOG (Input Output Global), the company behind Cardano’s research and development, made a bold prediction. Hoskinson said: “So, that is our challenge, and this is why I think that Cardano is probably going to become the biggest cryptocurrency in the world. I think that it’s going […]

In a recently published post on LinkedIn, David Duong, CFA, Head of Institutional Research at Coinbase, provided a detailed analysis of the crypto futures market, focusing on perpetual futures contracts (perps), trading volumes, and open interest across various exchanges. Perpetual Futures Contracts on Coinbase: Volume Normalization: Duong notes that the volumes in perps on Coinbase’s international exchange have normalized to […]

Cryptocurrencies gained around 1.8 percent in the past 24 hours ahead of the Jackson Hole Symposium of central bankers. Markets await monetary policy cues from several speakers including Federal Reserve chair Jerome Powell who is scheduled to speak on Friday. The Dollar Index, meanwhile, strengthened 0.40 percent overnight to 103.83, versus the previous close of 103.42. The CME FedWatch tool […]

An unidentified Bitcoin whale has accumulated 118,300 BTC valued at $3,127,894,885 billion in just under three months, raising eyebrows about its true identity. Based on data sourced from Bitinfocharts, the address labelled as “bc1q….59v2” embarked on its Bitcoin accumulation venture on May 8, 2022, with an initial acquisition of 0.25 BTC. This initial investment marked the genesis of a progressively […]

In a recent blog post, Brian Quinlivan, Director of Marketing at blockchain analytics firm Santiment, explores the intricate shift in trader sentiment following Bitcoin’s significant drop to $26.1K. He begins by acknowledging that traders of all experience levels are prone to emotional reactions, emphasizing that sentiment continues to drive markets, especially in the wake of substantial price changes. Quinlivan notes […]

Market sentiment was dampened amidst a steep contraction in composite PMI readings in U.K. and Eurozone. Anxiety ahead of the central bankers meeting at Jackson Hole also played spoilsport. Wall Street Futures are trading with mild gains. European benchmarks are trading mostly negative. Asian stock markets finished on a mostly positive note. Dollar Index gained amidst weakness in euro and […]