JPMorgan Chase US chief economist Michael Feroli said he expects the Fed to cut interest rates by 25 basis points next week. Feroli noted that some members wanted a larger rate cut, but none favored leaving rates unchanged. He also noted that the Fed’s dot plot projections are expected to project another rate cut after
Solana surged 5.5% on Friday and hit a daily peak above $241—the highest price seen since late January, as SOL gets a bullish boost from institutional interest. Forward Industries, a Nasdaq-traded design firm that serves medical and technology companies, announced earlier this week it had inked a $1.65 billion private investment in private equity, or
Allied Gaming & Entertainment, a Nasdaq-listed esports and gaming company, announced that it has invested in Bitcoin and Ethereum as part of a new “corporate treasury management strategy.” In response, its stock, traded under the ticker AGAE, soared 105% to $1.87 earlier Friday and has since dipped to $1.65, according to TradingView—still up 71% on
Key Takeaways Tesla (TSLA) shares gained over 10% in the past week. The surge marks renewed momentum for the company’s equity. Tesla shares gained more than 10% over the past week, marking a strong performance for the electric vehicle maker’s stock. The rally brings renewed momentum to Tesla’s equity, which trades under the ticker TSLA.
BlackRock’s crypto portfolio has shifted significantly over the past week, with blockchain data showing a sharp reduction in its Ethereum holdings alongside renewed accumulation of Bitcoin. According to data retrieved by Finbold from on-chain intelligence from Arkham, BlackRock’s Ethereum position fell from 3.78 million ETH worth $16.82 billion on September 5 to 3.66 million ETH
The total crypto market capitalization rose today, amid expected Consumer Price Index (CPI) data and high optimism for a Fed rate cut next week. Nonetheless, the market rebound proved disastrous for traders betting against it. In fact, one Hyperliquid trader, identified by the wallet address 0xa523, has now surpassed the losses of high-risk traders like
U.S. stocks opened largely flat on Friday after surging to a new all-time high in the previous session, with Wall Street’s attention now firmly on the upcoming Federal Reserve meeting. Summary Stocks were little changed on Friday after outperforming on Thursday to extend weekly gains. Investors are now awaiting the highly-anticipated Federal Reserve interest rates
A significant shift is underway in the world of finance, and leading the charge is U.S. asset manager WisdomTree. They recently announced the launch of CRDT, their innovative tokenized fund. This move marks a pivotal moment, offering both retail and institutional investors a new way to engage with alternative investments, all powered by the robust
Solana SOL$240.96 ripped higher on Friday, hitting its strongest price since January as digital asset treasury demand could be taking shape. The token rallied 5% over the past 24 hours to just shy of $240. It has extended weekly gains to 18% and vastly outperformed bitcoin BTC$115,283.91 and ether (ETH), which advanced just 4%-5% over
Spot Bitcoin exchange-traded funds (ETFs) traded in the US saw net inflows totaling $552.78 million on Thursday, reflecting a renewed strong focus on Bitcoin from institutional investors. $553 Million Inflow into Spot Bitcoin ETFs in a Single Day According to SoSoValue data, the largest inflow was into BlackRock’s IBIT fund, with $366.2 million. Fidelity’s FBTC