Crypto News
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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky’s death to The Washington Post. No cause of death was ...
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Ethereum co-founder and one of the biggest voices in the cryptocurrency space, Vitalik Buterin, praised the ecosystem's free speech ideals. However, the assertion faced backlash from a group of people on social media. What Happened: The man behind one of the biggest blockchain projects took to social platform X to take pride in Ethereum's culture of ...
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Technical analysts use the Relative Strength Index (RSI) as a momentum indicator. In order to determine whether a security’s price is overvalued or undervalued, it analyses the rate and magnitude of recent price fluctuations. Developed by J. Welles Wilder Jr., the RSI is represented as an oscillator on a scale from zero to 100. It was first published in his ...
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post: Things are taking a turn for the better on Spot #ethereum ETF approvals this week. Upping our odds to 75%. https://t.co/3WJ8kx9d8k post: Never gonna hear the end of this from the .eth people in my replies if this turns out to be true. But it's what we're hearing from multiple sources. Should see a bunch of filings over coming days if we're correct.
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Bitcoin rallied last week, but it remains inside a large range. Has Bitcoin topped out, or will the rally resume? That is the central question in every trader’s mind. Analyst “ELI5 of TLDR” said in a X post that five out of seven on-chain indicators show that the bull market may be just getting started, while two show topping patterns. Bitcoin’s bounce off ...
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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky’s death to The Washington Post. No cause of death was ...
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My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad, ...
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Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Speaking with Mike McKee on Bloomberg ...
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Thank you, Mark, for the kind introduction, and good morning to all of you.1 I am happy to be here. Today, I will do three things. First, I'll share with you my current outlook for the US economy. Second, I'll discuss my thinking on the current stance of monetary policy. Third, I'll review the dynamics of housing prices which can feed into the persistence of inflation. My focus on housing price dynamic stems from the role housing plays in the American economy. For most families, a home is their largest-ever purchase and their most valuable asset. Capital markets professionals in real estate finance, like you, are crucial to the smooth operation of the housing sector. Families making housing decisions rely on a healthy and productive housing finance sector. The housing sector is also one of the most interest rate–sensitive sectors of the economy. As such, it's an important channel of monetary policy transmission. Understanding the various channels of monetary transmission is crucial to fulfillment of the dual mandate given to the Federal Reserve by the Congress: maximum employment and stable prices. This mandate guides my thinking about monetary policymaking. With that, I'll turn to my outlook for the US economy. Aggregate Economic Activity The U.S. economy continues to grow at a solid pace. Adjusted for inflation, GDP was reported to have increased at a 1.6 percent annual rate in the first quarter of 2024. That was a moderation from a 3.4 percent expansion in the fourth quarter of last year. However, private domestic final purchases—which excludes inventory investment, government spending, and net exports and usually sends a clearer signal on underlying demand—grew 3.1 percent in the first quarter. That was about as strong as the second half of 2023. post: Fed's Jefferson: Policy Rate is in Restrictive Territory Jefferson: April’s Better Inflation Reading is Encouraging Jefferson: Long-Term Inflation Expectations Show Americans Believe Fed Will Make Good on 2% Inflation Goal
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post: Fed’s Jefferson: Important Not to Focus on Just One Data Point post: FED'S JEFFERSON: THE LABOR MARKET HAS BEEN QUITE RESILIENT. post: FED'S JEFFERSON: IT IS POSSIBLE TO HAVE CONTINUED JOB GROWTH WHILE DISINFLATION CONTINUES. post: FED'S JEFFERSON: IT IS APPROPRIATE TO RETURN TO A MORE NORMAL BALANCE SHEET.
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San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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Bitcoin rallied last week, but it remains inside a large range. Has Bitcoin topped out, or will the rally resume? That is the central question in every trader’s mind. Analyst “ELI5 of TLDR” said in a X post that five out of seven on-chain indicators show that the bull market may be just getting started, while two show topping patterns. Bitcoin’s bounce off ...
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Bitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday. The market broke out to fresh highs for the month last week as traders reacted to softer US inflation. However, the market has yet to see proper follow through on the initial move, suggesting some hesitation ahead of a fresh test of ...
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New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion, in an effort to repay defrauded investors. The company, once a business at the heart of Digital Currency Group, was among the multiple casualties in the industry contagion set off by the collapse of FTX. The firm filed for Chapter 11 bankruptcy protection in ...