Markets

The day of reckoning arrived on Wednesday for the tech industry, as a seismic market rout erased a staggering $1 trillion in value from U.S. equities, led by the declines in shares of Tesla and Alphabet that marked the worst day for the S&P 500 and Nasdaq Composite since late 2022. At the heart of […]

Economic data shows that a growing shar of Americans’ income tax is being devoured by the interest payments from the country’s ballooning national debt, which according to online trackers is now close to the $35 trillion mark. As Heritage economist E.J. Antoni pointed out on the microblogging platform X (formerly known as Twitter), interest payments […]

The specter of a market bubble is once again haunting Wall Street as the Buffet Indicator, a metric favored by the Oracle of Omaha that measures the ratio between a country’s total stock market capitalization and its GDP, has hit a new all-time high. According to data shared by Barchart on the microblogging platform X […]

The U.S. federal government’s deficit has ballooned to $1.27 trillion in the fiscal year ending in June, driven largely by surging interest payments on the nation’s mounting debt, the Treasury Department recently revealed. Despite record-high receipts of $466 billion in June, the government still ran a deficit of $66 billion for the month, as Bloomberg […]

According to a recently released research note from JPMorgan, the cryptocurrency market rebound is likely to be short-lived and tactical in nature, not the start of a prolonged bull run. The note, first reported by CoinDesk, came as the price of the flagship cryptocurrency Bitcoin ($BTC) rose more than 10% over the last few days […]

Over the past week, cryptocurrency investment products saw total inflows of $1.35 billion, bringing their ttotal inflows over the last three weeks to $3.2 billion, with Bitcoin investment products bringing in the lion’s share of funds, followed by ETH, Solana, and multi-asset vehicles. According to CoinShares’ Digital Asset Fund Flows report, BTC-focused products saw $1.27 […]

BlackRock, the world’s leading asset manager, announced today that its assets under management (AUM) surpassed $10 trillion for the first time, exceeding expectations in the second quarter. According to the Financial Times, BlackRock’s assets under management rose 13% from the same period last year to now stand at a record $10.6 trillion. The firm saw […]

The Hindenburg Omen, a technical indicator designed to identify potential stock market crashes, has started flashing just one month after its previous signal, raising concerns that a stock market downturn could be coming. The indicator compares the percentage of stock reaching new 52-week highs and lows to a specific threshold. When the number of stocks […]

Bitcoin recent price slide could mean that the stock market’s benchmark index, the S&P 500, may be about to drop significantly as well, as the two assets often move in tandem as investors with greater risk appetite bet on both. According to Barry Bannister, managing, managing director and chief equity strategist at Stifel, Bitcoin’s recent […]

A prominent macroeconomist, Henrik Zeberg, has reiterated his prediction of a looming recession that will be preceded by a final surge in key market sectors, but can potentially be the worst the market has seen since 1929, the worst bear market I Wall Street’s history. In a recent interview on the Soar Financially YouTube channel, […]

Tesla (TSLA) has emerged as a top performer in the S&P 500, inflicting significant losses on short sellers who have bet against the electric vehicle manufacturer that has invested in Bitcoin. Since releasing its second-quarter delivery report on July 2, Tesla’s stock has surged over 25%, building on gains exceeding 44% performance over the last […]

The stock market’s benchmark index, the S&P 500, has been consistently rising over the last few months, moving up 16.7% year-to-date and around 4.5% in just the last 30 days to hit new highs, however the influence of some components of the index has raised concerns. As first pointed out by Zerohedge, the S&P 500 […]

The cryptocurrency space has experienced a wave of forced selling after mote than $800 million worth of long positions were liquidated in the past three days, representing the heaviest liquidation events since April, according to CoinGlass data. These liquidations came amid a wide cryptocurrency market sell-off that has seen the space’s total market capitalization drop […]

The co-founder of the popular cryptocurrency derivatives exchange BitMEX, Arthur Hayes, has recently revealed assuaged concerns about a stalled cryptocurrency bull market by pointing to burgeoning U.S. credit conditions, and suggested investors should “zoom out” to focus on the “broader cyclical trend.” Hayes, a prominent voice in the crypto space, argued in a recent Medium […]

Paul Dietrich, the chief investment strategist at B. Riley Wealth Management, recently painted a concerning picture of the stock market, suggesting a potential decline far exceeding those seen in the early 2000s and 2008 and potentially the worst one Wall Street has seen over the past century. Dietrich, in his latest commentary, argued that the […]

Tech giant Sony is moving into the cryptocurrency world by reviving a digital asset exchange it acquired last year, Whalefin, from cryptocurrency lender Amber Group last year. The exchange was purchased by Sony’s subsidiary Quetta Web in August 2023, with financial details about the deal not being disclosed. Amber Japan, the former parent company of […]

The mysterious stock trader who managed to turn a five-figure bet in electric vehicle firm Rivian Automotive (RIVN) has seen their gains accelerate, to the point they managed to turn round $25,000 into over $2.5 million in a day. According to available data, a single trader purchased a large number of $14 and $13 call […]

Rivian Automotive (RIVN) stock surged in pre-market trading on Wednesday, gripping the electric vehicle (EV) investor community with a near 50% gain after German automaker Volkswagen announced it would invest up to $5 billion in the firm. The surge saw a trader turn around $16,000 into over $1 million in hours. According to data shared […]

Cryptocurrency investment products saw outflows of $584 million over the past week, which added to the previous week’s figure mean investors have taken around $1.2 billion from these products, although investments in altcoins grew significantly recently. According to CoinShares’ Digital Asset Fund Flows weekly report, these outflows could be a result of “pessimism amongst investors […]

Cryptocurrency investment funds have experienced their largest weekly outflow since March, with data showing investors moved over $600 million away from these products amid a cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, the week ending June 14 saw a net $600 million leave cryptocurrency investment products to reverse a five-week stretch […]

A recent JPMorgan report has suggested that the cryptocurrency space has seen net inflows of $12 billion so far this year, and notes that if flows keep growing as they have so far the figure could reach the $26 billion mark by year end. However the true picture may be less rosy than it appears […]

Citron Research, a prominent short seller known for its bearish position on meme stock GameStop (GME), has revealed it exited its short position on the company’s shares as it noted it respects the “market’s irrationality.” In an announcement on the microblogging platform X (formerly known as Twitter), the short seller is no longer shorting GME […]

Keith Gill, known on X as RoaringKitty and DFV on Reddit, could become a billionaire through his bet on the popular meme stock GameStop (GME) if the price of the firm’s shares hit $67.5, given his massive position. According to a recent report by the Kobeissi Letter, GME’s price surged to an impressive $67.5 during […]

Goldman Sachs is raising a bullish flag for the stock market in early July, anticipating a surge driven by a ‘wall of money’ from passive investment vehicles over the beginning of the third quarter and second half of the year. According to Scott Rubner, managing director and tactical specialist in Goldman’s global markets division, share […]

The total cryptocurrency trading volume on centralized exchanges has plunged 20.1% last month to a total of $5.27 trillion while major cryptocurrencies including Bitcoin and Ethereum remained rangebound, with a sudden volatility spike after the Securities and Exchange Commission approved spot Ether exchange-traded funds in the US. According to CCData’s latest Exchange Review report, spot […]

Keith Gill, known on X as RoaringKitty and DFV on Reddit, is a popular retail trader known for inadvertently being behind the meme stock trading frenzy that started in 2021 and has now kickstarted a new round, with his position on GameStop ($GME) having surged by $78.6 million in just a day. That’s according to […]

Gold market analyst Jan Nieuwenhuijs has recently examined the state of the precious metal market, revealing a significant surge in gold prices owes much to the dual engines of demand: the private market and the People’s Bank of China (PBOC). According to Nieuwenhuijs, the Chinese private sector’s gold imports accounted for 543 tons in the […]

The cryptocurrency space has lost over $100 billion in market capitalization ahead of the U.S. Securities and Exchange Commission (SEC) ‘s expected decision on VanEck’s spot Ether exchange-traded fund (ETF) application. Much like the spotlight that shone on Bitcoin earlier this year, the pre-decision volatility has already set in, causing significant price fluctuations across the […]

On 22 May 2024, a detailed analysis of Bitcoin’s (BTC) recent price action was shared by pseudonymous analyst Bitmidas on social media platform X (formerly known as Twitter). This analysis provided an in-depth look at the market dynamics, offering valuable insights into the current and future state of BTC’s performance. The analysis began by noting […]

The price of the flagship cryptocurrency Bitcoin ($BTC) has surged past the $71,000 mark in a cryptocurrency market rally that saw Ethereum’s Ether, the second-largest cryptocurrency, skyrocket nearly 20% while the total market cap of the space grew by over $200 billion. The sudden move came as Bitcoin broke through the $65,000 mark earlier this […]

Andrew Tate, a former kickboxer known for his controversial online presence, has said on social media he sold $500,000 worth of the flagship cryptocurrency Bitcoin (BTC) to join the current meme stock trend and invest in GameStop (GME) in a bid to cripple a hedge fund manager betting against it. In a series of videos […]

AI and machine learning advancements have greatly enhanced trading bots, enabling them to navigate complex market dynamics and predict trends more accurately. The crypto market’s volatility and profit potential have surged demand for bots, which execute trades faster than humans.  Crypto bots have become more sophisticated and competitive as demand for cryptocurrency assets soars. With […]

The cryptocurrency market has gained around $50 billion amid a wider recovery that has seen the price of Bitcoin bounced back after dropping to the $60,000 resistance level to now trade above $63,000, while altcoins including Dogwifhat (WIF) and Toncoin (TON) saw double-digit gains. According to available market data the price of Bitcoin rose over […]

Tech giant Apple unveiled a record $110 billion stock buyback program, the largest ever seen in the United States above the firm’s own previous buyback programs of $90 to $100 billion seen in 2021 and 2018, respectively. Steve Sosnick, chief strategist at Interactive Brokers, said the number is “astonishing,” with sheer size of the buyback […]

Some of the world’s largest cryptocurrency whales are locked out of around $1.24 billion worth of digital assets, according to new data shared by blockchain intelligence firm Arkham Intelligence on the holdings of the largest whales out there. The largest cryptocurrency whales, according to the data, have a combined total of $3.5 billion in cryptocurrency, […]

Goldman Sachs Chief Economist Jan Hatzius has revealed he remains confident in the Federal Reserve’s plan to implement three interest rate cuts this year, despite recent comments from other Fed officials suggesting a wait-and-see approach. In a Friday interview with CNBC, Hatzius expressed his optimism on the U.S. economy, forecasting growth to reach close to […]

Buying and holding Bitcoin has, for believers in the flagship cryptocurrency, been a profitable strategy this year with BTC moving up over 56% year-to-date. However, a growing number of quantitative hedge funds and academic researchers are proposing a different approach to take better advantage of the cryptocurrency’s swings: trend following. This quantitative strategy, which capitalizes […]

Cryptocurrency investment products saw outflows totaling $942 million over the past week, after seven weeks of inflows that totaled more than $12 billion amid “hesitancy” among investors that came as a result of a recent cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, trading volumes in exchange-traded products (ETPs) remained high over […]

The price of Bitcoin has recently rallied to add more than $100 billion to its market capitalization after the Federal Reserve decided to maintain interest rates, and Fed Chair Jerome Powell suggested up to three rate cuts could be seen this year. However, even before the Fed’s announcement triggered a BTC price surge, BlackRock, the […]

The world’s largest asset manager BlackRock has recently launched its first Ethereum-based tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which saw the firm fund an Ethereum wallet with $100 million worth of USDC. This initial foray into crypto, however, has taken an unexpected turn. Following the public identification of BlackRock’s wallet address, a […]

Goldman Sachs economists have shifted their timeline for Federal Reserve interest rate cuts, pushing back the expected start date from May to June. This adjustment follows recent pronouncements from central bank officials and the release of January meeting minutes. The investment bank now predicts four rate cuts throughout 2024, dropping their previous forecast of five, […]

The prospect of a smooth transition, or “soft landing” for the U.S. economy seems increasingly unlikely, according to Torsten Sløk, Chief Economist at Apollo Global Management, with his words coming shortly after hotter-than-expected inflation data in the country poured cold water on hopes the Federal Reserve would cut interest rates in March. During an interview, […]

The cryptocurrency market has seen its total market capitalization drop by more than $60 billion shortly after hotter-than-expected inflation data in the United States poured cold water on hopes the Federal Reserve would cut interest rates in March. The core consumer price index (CPI) in the U.S., which leaves out food and energy prices, rose […]

Former U.S. President and current presidential candidate Donald Trump has solidified his position as the preferred candidate of the oil and gas industry for the Republican presidential nomination, amassing nearly ten times more in donations from the sector than his GOP rival Nikki Haley. In stark contrast to the $7.37 million donated to Trump, President […]

Steve Eisman, renowned for his profitable bets against the housing market before the 2008 crisis and his tenure as an investor for Neuberger Berman, recently expressed skepticism about the idea of the Federal Reserve cutting interest rates. In an interview with CNBC, Eisman highlighted the strength of the US economy, emphasizing the robust consumer spending […]

2023 was rough for cryptocurrency prices and the overall state of the market. But it also saw the birth of many narratives and catalysts for many cryptocurrency projects and ecosystems, with some of them seeing explosive, overnight surges in total value locked (TVL) and others growing more organically.  One thing is true: capital, research, and […]

The U.S. Federal Reserve’s preferred inflation gauge slowed to its lowest level in nearly three years last month at a time in which consumer spending has been nevertheless raising concerns that inflation may not be dropping as fast as expected concerning equity markets. As first reported by TheStreet, the Bureau of Economic Analysis reported that […]

A bipartisan group of US lawmakers, including Senators Mitt Romney (Republican of Utah) and Joe Manchin (Democrat of West Virginia), as well as Representatives Bill Huizenga (Republican of Michigan) and Scott Peters (Democrat of California), have raised an alarm about the escalating national debt of the United States, deeming it the “greatest threat” the country […]

On cryptocurrency prediction and betting platform Polymarket, users ar betting on former U.S. President Donald Trump winning the 2024 Presidential elections in the country, currently giving Trump a 55% change to do so, over current President Joe Biden’s 39%. According to data from the cryptocurrency prediction platform, bets exceeding $19 million have been placed on […]

Written by: Itai Avneri is the Deputy CEO & COO at INX. He is a seasoned executive with over 20 years of experience in both finance and technology. As the Deputy CEO & COO at INX, he is responsible for heading INX’s unique offering as the only exchange that offers cryptocurrency, security tokens, and primary […]

Former U.S. President and current presidential candidate Donald Trump is set to expand his non-fungible token (NFT) offerings to the Bitcoin network through the Ordinals protocol, expanding the reach of hits NFTs. According to the CollecTTrumpCards account on the microblogging platform X (formerly known as Twitter), the new collection is limited to just 200 NFTs […]

Former U.S. President and current presidential candidate Donald Trump has last week said he wouldn’t allow the Federal Reserve to create a central bank digital currency (CBDC), in a stance that reonates with the cryptocurrency industry, and drew skepticism on whether his potential return to the presidency would change the government’s approach to enforcement actions. […]

Dan Gambardello, the founder of Crypto Capital Venture, has recently revealed he is optimistic about a potential surge in altcoins in the near future, basing his positive outlook on a favorable outcome for Coinbase in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Last summer, the SEC took legal action against […]

Hedge fund billionaire Bill Ackman, the head of Pershing Square Capital Management, has recently revealed he expects the Federal Reserve to start cutting interest rates at a greater-than-expected rate this year, with the first cut coming sooner than the market is anticipating. Ackman highlighted this during a CNBC “Squawk Box” interview, noting the significant cooling […]

Cryptocurrency investment products saw inflows of $1.18 billion last week, with the figure mostly being dominated by products focused on Bitcoin, with those offering exposure to Ethereum, XRP, and multiple cryptocurrencies also shining. According to CoinShares’ Digital Asset Fund Flows report, Bitcoin-focused investment products saw $1.14 billion of inflows over the past week after the […]

Cryptocurrency investment products offering investors exposure to the smart contract platform Cardano ($ADA) saw significant inflows of $3.7 million over the past week, but failed to keep up with the inflows seen for BTC, ETH, and multi-asset investment products. According to CoinShares’ latest Digital Asset Fund Flows report, cryptocurrency investment products saw $151 million of […]

Last month, spot cryptocurrency trading volumes on centralized trading platforms rose for the third consecutive month to reach their highest level since June 2022, topping $1.34 trillion after a 34% rise. That’s according to CCData’s latest Exchange Review report, which details that centralized exchanges, as a result of the significant trading volume rise, recorded a […]

The World Bank’s new forecast for global economic growth predicts a deceleration for a third consecutive year in 2024, but it optimistically rules out a recession as it sees the global growth rate dipping to 2.4% from an estimated 2.6% last year. As first reported by Yahoo Finance, the World Bank’s latest Global Economic Prospects […]

In a surprising turn the U.S. economy has outperformed expectations by adding 216,000 jobs in December 2023, surpassing economists’ predictions of 170,000 and exceeding the revised figure of 173,000 from November, with the data supporting the market’s anticipation of interest rate cuts. According to data from the Bureau of Labor Statistics, the unemployment rate in […]

The price of the flagship cryptocurrency Bitcoin (BTC) has moved up more than 23% over the past month and over 160% year-to-date in sharp moves that helped cryptocurrency-related stocks recover amid renewed optimism. As cryptocurrency-related stock prices grew, short sellers lost over $2.6 billion in less than three months and a total of at least […]