TL;DR Breakdown Crypto markets see a major recovery ahead of the negative crypto weekend, led by a 10% price jump in LUNC. Ripple whales move large sums of XRP, prompting talks of a crypto bull run. The case between Ripple and XRP continues to influence crypto investment sentiments.  Description Historically, the crypto industry is known to have a negative weekend effect as markets and banks close. However, there is a different sentiment starting this Friday. A phenomenon has been emerging that has captured the attention of both seasoned investors and newcomers alike: the resurrection of seemingly dead crypto tokens. These tokens, once left for … Read more Historically, the crypto industry is known to have a negative weekend effect as markets and banks close. However, there is a different sentiment starting this Friday. A phenomenon has been emerging that has captured the attention of both seasoned investors and newcomers alike: the resurrection of seemingly dead crypto tokens. These tokens, once left for a market downturn in the digital abyss, are now making unexpected comebacks that are sparking discussions about the…

Description While the U.S. dollar has enjoyed the prestige of being the global reserve currency for decades, the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, is making deliberate strides to disrupt this reign. Bold moves, potential new currencies, and audacious financial forecasts paint a shifting landscape. The question now remains: Which giant … Read more While the U.S. dollar has enjoyed the prestige of being the global reserve currency for decades, the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, is making deliberate strides to disrupt this reign. Bold moves, potential new currencies, and audacious financial forecasts paint a shifting landscape. The question now remains: Which giant will stand tall in the next 50 years? The Rise of Eastern Economies Goldman Sachs, a global investment titan, has made some eye-opening predictions about the economic hierarchy of the future. By 2075, it’s forecasted that two titans from the BRICS alliance – China and India – could surge past the U.S. to occupy the top two spots in global GDP rankings. The figures are staggering:…

TL;DR Breakdown Argentina’s hyperinflation has reached new lows while Bitcoin adoption takes on new heights compared to the 2021 adoption market analysis. Bitcoin’s value in Argentine pesos has increased by 150% in the two years ending on September 21, rising from 7.84 million pesos to 16.6 million pesos.  As long as the U.S. dollar maintains its purchasing power by maintaining pace with local inflation, Bitcoin has little chance of becoming Argentina’s preferred store of value. Description In the midst of economic turbulence and hyperinflation, Bitcoin has emerged as a beacon of hope in Argentina’s financial landscape. In recent times, the cryptocurrency has shattered previous records, reaching unprecedented highs. This meteoric rise is not only a testament to the global resurgence of interest in digital currencies but also a stark reminder of … Read more In the midst of economic turbulence and hyperinflation, Bitcoin has emerged as a beacon of hope in Argentina’s financial landscape. In recent times, the cryptocurrency has shattered previous records, reaching unprecedented highs. This meteoric rise is not only a testament to the global resurgence of interest…

TL;DR Breakdown Judge Lewis Kaplan has approved the DOJ’s request to block some of SBF’s witnesses from testifying in court. Conditions are set for the hearing to move forward. Description In a significant development, Judge Lewis Kaplan, presiding over the trial of FTX founder Sam Bankman-Fried, has granted the U.S. Department of Justice’s (DOJ) motion to block most of the proposed witnesses from testifying at the upcoming trial. This decision sets the stage for a legal battle with certain conditions imposed on the defense’s attempts … Read more In a significant development, Judge Lewis Kaplan, presiding over the trial of FTX founder Sam Bankman-Fried, has granted the U.S. Department of Justice’s (DOJ) motion to block most of the proposed witnesses from testifying at the upcoming trial. This decision sets the stage for a legal battle with certain conditions imposed on the defense’s attempts to call specific witnesses. The trial, scheduled for next month, has garnered attention due to its implications for the cryptocurrency industry and its leading figures. DOJ successfully blocks SBF’s witnesses from testifying Bankman-Fried, a prominent figure in…

TL;DR Breakdown Eurozone sees a significant decline in new business orders, the largest in almost three years. The HCOB flash composite purchasing managers’ index indicates the Eurozone is below the economic expansion mark. Euro value dipped against the US dollar after the PMI report release. Description It’s a chilling wind blowing through the financial districts of Europe. The Eurozone is sounding alarms left, right, and center. New orders have taken a nosedive, the most significant plunge in nearly three years. Businesses are on edge, investors are pulling back their chips, and every indicator out there suggests the Eurozone could be on … Read more It’s a chilling wind blowing through the financial districts of Europe. The Eurozone is sounding alarms left, right, and center. New orders have taken a nosedive, the most significant plunge in nearly three years. Businesses are on edge, investors are pulling back their chips, and every indicator out there suggests the Eurozone could be on the brink of a worrisome contraction. The Contraction Conundrum What’s alarming isn’t just the downturn itself. The HCOB flash composite purchasing…

TL;DR Breakdown Crypto exchange Bybit has announced that it will suspend activities in the UK. Impact of the UK regulations on exchanges and investors. Description In response to regulatory changes in the United Kingdom, cryptocurrency exchange Bybit has announced its decision to suspend operations in the country. This move comes just a week after the company stated it was exploring all possible options to continue operating within the U.K. market. Starting October 1, new customers will no longer be able … Read more In response to regulatory changes in the United Kingdom, cryptocurrency exchange Bybit has announced its decision to suspend operations in the country. This move comes just a week after the company stated it was exploring all possible options to continue operating within the U.K. market. Starting October 1, new customers will no longer be able to open accounts with Bybit. Subsequently, from October 8 onwards, existing customers will face restrictions. Bybit to place restrictions on old customers by October 8 Bybit also noted that old customers won’t be allowed to add funds, create new contracts, or increase…

Description It seems the tides might be shifting in the stormy sea of U.S.-China relations. Both superpowers, technically arch-rivals on the world stage, appear to be quietly rolling out a strategy to mend fences. The point of this endeavor? Apparently economic and financial cooperation. I’m gonna tell you all about it. Contents hide 1 Covert Moves … Read more It seems the tides might be shifting in the stormy sea of U.S.-China relations. Both superpowers, technically arch-rivals on the world stage, appear to be quietly rolling out a strategy to mend fences. The point of this endeavor? Apparently economic and financial cooperation. I’m gonna tell you all about it. Contents hide 1 Covert Moves Toward Collaboration 2 Sowing Seeds of Dialogue and Stability 3 Past Frictions and Future Hopes 4 Keeping an Eye on China’s Internal Dynamics Covert Moves Toward Collaboration Recent developments hint at a newfound willingness from both Washington and Beijing to engage constructively. The U.S. Treasury Secretary, Janet Yellen, and China’s Vice-Premier, He Lifeng, have been selected to spearhead two working groups devoted to addressing pressing economic…

TL;DR Breakdown Given the complexities associated with crypto and blockchain technologies, it’s hardly surprising that industry myths persist. Here’s a bit of help to regulators. As regulatory bodies endeavor to institute frameworks for this burgeoning sector, it is imperative to demystify these myths.  The North Korean Lazarus Group and the BTC crime on Silk Road at the start of Bitcoin have shadowed the industry as rife with money laundering and criminal activities. Description Since the unveiling of Bitcoin ten years ago, and the subsequent emergence of Blockchain technology and other cryptocurrencies, a lot has happened, contributing to the industry’s bad reputation, crippling most investors with fear, uncertainty, and doubt (FUD) of investing in the asset class.  As the digital asset market continues its unprecedented growth trajectory, it has … Read more Since the unveiling of Bitcoin ten years ago, and the subsequent emergence of Blockchain technology and other cryptocurrencies, a lot has happened, contributing to the industry’s bad reputation, crippling most investors with fear, uncertainty, and doubt (FUD) of investing in the asset class.  As the digital asset market continues…

TL;DR Breakdown Ripple’s back-and-forth legal battle with the United States SEC cost the company $200 million in legal fees. Surely, the win did not come in cheap. The SEC under Chair Gary Gensler, has been accused of intentionally choking the crypto industry out of the United States, and as such, investors and corporations have found a crypto haven in Asian markets. Hong Kong, Singapore, and South Korea have opened up a new home for crypto at par with UAE. Description As the landscape of digital currencies continues to reshape, with the epicenter of interest decisively shifting towards Asia, Ripple‘s ongoing legal challenges underscore the larger dynamics at play.  The crypto industry is in a push-and-pull game with the Security Exchange Commission (SEC). Ripple has created a buzz within the industry by winning its latest suit … Read more As the landscape of digital currencies continues to reshape, with the epicenter of interest decisively shifting towards Asia, Ripple‘s ongoing legal challenges underscore the larger dynamics at play.  The crypto industry is in a push-and-pull game with the Security Exchange Commission (SEC)….

TL;DR Breakdown Recent data reveals a concerning trend for China, as capital outflows reached $49 billion in August.  Markus Thielen, head of research and strategy at Matrixport, suggests that Chinese investors may increasingly turn to Bitcoin as a hedge against a weakening domestic economy. Description Recent data compiled by Bloomberg reveals a concerning trend for China, as capital outflows reached $49 billion in August. This marks the highest monthly capital outflow since December 2015, creating added pressure on the Chinese yuan. Analysts attribute this phenomenon to several factors, including a robust U.S. economy in contrast to China’s weaker growth momentum … Read more Recent data compiled by Bloomberg reveals a concerning trend for China, as capital outflows reached $49 billion in August. This marks the highest monthly capital outflow since December 2015, creating added pressure on the Chinese yuan. Analysts attribute this phenomenon to several factors, including a robust U.S. economy in contrast to China’s weaker growth momentum post-COVID-19. Bitcoin gains attention as an escape route Markus Thielen, head of research and strategy at Matrixport, suggests that Chinese investors may…