Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged to Maintain Consistency Between Ethereum and Bitcoin ETFs Five U.S. […]
Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. “Our desk is getting bearish on consumer and our soft […]
As of May 3, 2024, bitcoin’s price stands at $ 59,142, with a 24-hour intraday range of $ 57,789 to $ 60,000. The leading cryptocurrency maintains a market capitalization of $ 1.15 trillion and has recorded a trading volume of $ 28.43 billion over the same period. Bitcoin Bitcoin’s daily …
Barely a month after raising $ 850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $ 1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s teetering economy. Easing Pressure on …
On Jan. 29, 2024, ethereum’s price dynamics display a nuanced interplay of market elements. The current price of ether stands at $ 2,247, with a 24-hour range fluctuating between $ 2,246 and $ 2,284. Despite its substantial market capitalization of $ 270 billion, ether trading volume remains modest, hinting at possible …