Ripple’s RLUSD stablecoin, pegged to the U.S. dollar, has been involved in a series of substantial on-chain transfers ahead of its anticipated launch. Blockchain data showed that Ripple’s Treasury moved a total of 294,000 RLUSD tokens across multiple transactions. The largest transfer involved 78,500 RLUSD from Ripple’s Treasury to an unidentified wallet, with subsequent transfers to other unknown wallets. RLUSD ...
China is bracing for what could be a volatile and highly unpredictable path ahead in its escalating great power rivalry with the United States, after Donald Trump made a historic political comeback to win the race to the White House. His return could bring tariffs as high as 60% on Chinese goods – which could devastate economic growth in the ...
The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of the open on Wednesday after former President Trump’s victory. With the uncertainty of the election results out of the way, investors were ready to pile back into equities. All broader US equity indexes saw strong upside movement, and the Cboe Volatility Index ($VIX) fell, closing ...
President-elect Trump won a majority Hispanic county in Texas for the first time in over 100 years on Tuesday night in a massive swing since losing that same county eight years ago. Trump defeated Vice President Kamala Harris in Starr County on Tuesday night by a margin of 57.7% to 41.8%, becoming the first Republican to carry the county, which ...
Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world. Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia shares have almost tripled in 2024, as investors show continued confidence in the company’s ability to maintain a rapid growth rate ...
In fantasy land, trade winds are still blowing. While the real NFL’s trade deadline came to pass without too much incident before turning the page to Week 10, fantasy leagues don’t often have the same outcome. If they have one, most leagues set their trade deadline for sometime within the first three weeks of November. That leaves fantasy managers without ...
Nintendo’s stock has risen due to a new operating profit forecast for the year ending March 2025, which shows a 10% decrease. The company expects its 2025 operating profit to reach 360 billion yen or $2.36 billion. The Kyoto-based gaming giant sold 4.7 million Switch consoles this fiscal year, down from 6.8 million units shipped last year. In the past, ...
With the 2024 US Presidential election in the rear view and Donald Trump emerging the victor, news of his upcoming presidency is already influencing global markets. In 2020, Biden and Harris presented themselves as a team that would bring Republicans and Democrats together, challenging Trump’s divisive and populist rhetoric of making America great again. Although Trump lost that election, his ...
Coinbase CEO Brian Armstrong recently shared his perspective on the U.S. election outcome, framing it as a victory for the cryptocurrency sector. Armstrong emphasized that the election results have energized pro-crypto advocates and strengthened efforts to foster an economic environment more favorable to digital assets. More so, Armstrong sees these political shifts as an opportunity to secure the crypto industry’s ...
German Chancellor Olaf Scholz fired his finance minister on Wednesday, leaving the government teetering on the brink of collapse. In a televised address, Scholz said he had dismissed Finance Minister Christian Lindner saying it “was necessary to prevent harm to our country.” The firing came after days of political negotiation between the key members of Germany’s ruling “traffic light” coalition ...
Now that election uncertainty is over, the stock market broke out of its sideways trading range and continued higher. Potential policy implementations benefit some asset classes, such as cryptocurrencies, which could operate in a more relaxed regulatory environment. Coinbase Global Inc. (COIN), a crypto-related stock, made it to the top of the Top Up Large Cap stocks in the StockCharts ...
WASHINGTON — Vice President Kamala Harris, in her first public comments since losing the 2024 White House race to former President Trump, urged supporters to ‘accept the results.’ But Harris on Wednesday afternoon emphasized that ‘while I concede this election, I do not concede the fight that fueled this campaign.’ The vice president spoke at Howard University, her alma mater, ...