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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The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'State Planner'. • 50 fixed-asset investment projects worth 320bn yuan approved from January to April'. • 20 approved in April, worth 115bn yuan. • Will speed up the progress of local government special bond issuance and usage.
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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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A quiet macro and micro day saw stocks start off strongly but fade after JPM CEO Jamie Dimon offered his now ubiquitous downbeat view of the foreseeable future. "I'm cautiously pessimistic. We have the most complicated geopolitical situation that most of us have seen since World War II, if you study history. We don't really know the full effect of QT. I ...
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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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The chief prosecutor of the International Criminal Court said Monday he is seeking arrest warrants for Israeli and Hamas leaders, including Israeli Prime Minister Benjamin ...
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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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post: FED'S MESTER: MONETARY POLICY IS RESTRICTIVE. post: Mester: April CPI Report Was Good News, but Too Soon to Tell What Path Inflation’s on Mester: Inflation Progress Stalled in First Three Months post: FED'S MESTER: RISKS THAT WE'RE TOO RESTRICTIVE HAVE GONE DOWN. post: Mester: Inflation Risks Are Tilted to Upside Mester: I Don’t Think About Potential Rate Cut in Terms of When post: FED'S MESTER: THERE'S NO RISK IN SPENDING MORE TIME GATHERING DATA ON INFLATION BECAUSE THE ECONOMY IS STRONG.
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post: Mester: Rate Cut Depends on Progress with Inflation Mester: Lack of Progress on Inflation Was Not Welcome Mester: No Risk in Spending More Time Gathering Data on Inflation Because Economy is Strong Mester: MonPol’s Moderating Demand, but Not as Fast as Expected post: Mester: Still Think Inflation Will Come Down Mester: but Inflation Won’t Come Down Quickly post: Mester: if There’s Unforseen Deterioriation on Realside of Economy, Can Cut Rates Mester: Can Hold Rates, or Even Raise Them, if Inflation, Against Expectations Stalls Out or Reverses post: Fed’s Mester: Neutral Rate May Be Higher Than Previously Expected - BBG TV - Says She Raised Her Estimate On Neutral Rate In March - Previously Saw 3 Cuts In 2024, No Longer Believes 3 Cuts Is Appropriate
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Bitcoin price formed a base above the $66,500 level. BTC started a fresh increase above the $68,000 resistance zone after Ethereum rallied above $3,200. There was a strong move above the $70,000 resistance zone. The price gained over 8% and even tested the $72,000 resistance zone. A new weekly high was formed at $71,896 and the price is now consolidating ...
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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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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 ...