Hawkish comments from senior Fed officials on the interest rate lift off as well as the shrinking of the Fed’s Balance Sheet unnerved investors impacting valuations across asset classes. Anxiety surrounding the much-awaited announcements on fresh sanctions on Russia also played spoilsport. Here is a snapshot across asset classes….. Asian stocks finished with losses. European indices plunged. American stock futures […]

Shares of System1, Inc. (SST), an omnichannel customer acquisition marketing platform, are surging more than 70% Tuesday morning after reporting improved fourth-quarter results. The company also raised its full year revenue guidance. Net income in the fourth quarter more than quadrupled to $31 million from $7 million last year. Revenue for the quarter increased 48% year-over-year to $239 million For […]

The U.K. has released a detailed plan unveiling its approach to the regulation of cryptoassets, stablecoins, and distributed ledger technology (DLT) in financial markets. The document released on Monday confirms the government’s intention to take the necessary legislative steps to bring activities that issue or facilitate the use of stablecoins used as a means of payment, into the U.K. regulatory […]

Bitcoin exchange outflows are at record highs. It could signify the creation of a price bottom. The asset is still holding above the $46k price point. Bitcoin aggregate exchange outflows are at a critical level. According to on-chain data analytics firm Glassnode, exchange outflows volume of this level has only been observed on rare occasions. A New Price Bottom Since […]

Cryptocurrency prices crashed more than 4 percent early on Friday in reaction to the EU parliament voting to pass rules that could lead to a crackdown on anonymous crypto transactions. Crypto market sentiment was also dampened as news of a phishing scam as well as a likely rug pull emerged from the NFT space. E.U.’s new regulations seek to expand […]

New Jersey Bureau of Securities (NJBS) issued a Summary Cease-and-Desist Order against a Jersey City-based financial services company. The action was brought to stop the sale of unregistered securities in the form of interest-earning cryptocurrency accounts that have raised at least $5 billion nationwide. The order alleges violation of the Securities Law as unregistered securities offerings pose significant risk to […]

According to a report (released on March 30) by asset manager VanEck’s emerging markets (EM) bond investment team, “the upside for gold and Bitcoin is potentially dramatic,” and their valuation framework “estimates gold prices of around $31,000 per ounce and potential Bitcoin prices of around $1,300,000 per coin.” Furthermore, “adjusting for greater strains on financial and monetary systems generates even […]

Inflation combat weighed Eurozone sentiment amidst data that showed the Eurozone CPI at a record high. Investors also looked for cues from the peace talks and the gas row in Europe as well as the slowdown in economic activity in China. Markets await the Nonfarm Payrolls data from the U.S. that could indicate the strength of the labor market, deemed […]

Crypto investment firm Pantera Capital CEO and Co-CIO Dan Morehead recently shared his thoughts on Bitcoin’s price action in 2022 and beyond. Morehead’s comments were made while he was being interviewed by Yahoo Finance’s Brian Chung last Friday (March 25). Chung started the interview by asking the Pantera Capital CEO what he think about Bitcoin’s price action so far in 2022. Morehead replied: […]