On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $ 287.78 million withdrawn, while ether ETFs experienced $ 47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which …
Bitcoin’s Rough September Price History Raises Questions for 2024
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the […]
WordCamp Asia Extends Speaker Application Deadline to September 8, 2024
The WordCamp Asia organizing team has extended the speaker application deadline to September 8, 2024. This extension aims to give more WordPress enthusiasts the opportunity to apply for the prestigious event. One of the three flagship WordCamps, WordCamp Asia, will be held at the Philippine International Convention Center in Manila, Philippines, …
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]
JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach
Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […]