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Financial markets fell under pressure in trading on Wednesday after a spike to 4.64% in the U.S. 10-year Treasury yield rattled investors already concerned about the prospects for interest rate cuts in 2024. “Stock futures declined on Wednesday, as rising Treasury yields continued to pressure the broader market, despite gains from Nvidia,” said analysts at ...
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The rally in Ethereum, amidst optimism around expected SEC approval for ETH ETFs, has stalled for now with the market stagnating into a test of the 4003 level. Last Thursday the SEC laid out initial approvals for spot-ETH ETF applications (mirroring the funds launched earlier in the year for BTC). With first round approvals in place, traders are highly ...