Tag: High

Apple Stock to Hit All-Time High Following Upcoming Launch of AR/VR Headset at Developers Conference

Observers are watching Apple stock, expecting that it would spike as Apple announces a new headset for augmented or virtual reality. Apple Inc (NASDAQ: AAPL) stock is on track to open at a possible all-time high as the tech giant prepares to launch its first-ever augmented reality (AR) and virtual reality (VR) headset. The launch is considered by many as one of Apple’s most significant product launches in the company’s nearly 50-year history. AAPL has climbed over 1% to more than $182 as the market pulses through premarket trading. So…

AI trends at all-time high on Google but Bitcoin still did it better

Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to Bitcoin (BTC) peak mania in 2017, data has revealed. Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “tech fad” after crypto and the Metaverse. Most recently, OpenAI executives warned in a May 23 blog post that within the next ten years, AI will exceed expert skill level in “most domains” and be as productive as “one of today’s…

Tether’s market cap surges to new all-time high, reaching record levels

Tether (USDT), the stablecoin pegged to the U.S. dollar, has reached an all-time high (ATH) market capitalization exceeding $83 billion, demonstrating its continued market dominance. This new ATH market cap for USDT comes at a time when other stablecoin issuers are facing significant challenges and regulatory obstacles, which have placed strains on their operations and viability. Surpassing the previous market cap high In a tweet shared on June 1, Tether, the company operating the platform tether.to surpassed its previous market cap high of 83.2 Billion set in May 2022.  Since…

ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%

Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in May. This is the lowest recorded figure since February 2022. According to a Reuters poll, economics had set the May figure at 6.3%. Core inflation, minus food and energy, also fell from 5.6% to 5.3%. The general sentiment in…

TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch

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On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet. Over the past five years, Tron developers claim that the blockchain has processed 5.6 billion transactions and currently has a total value locked of $5.7 billion. Tron’s creator, Justin Sun, said his 2023 goals include elevating the network’s on-chain stablecoin market cap to $100 billion and establishing…

Bitcoin (BTC) Mining Difficulty to Set New All-Time High This Week

An increase in difficulty means a decline in profitability for miners because their chances to win any single block, and bring in revenue, becomes slimmer. Marathon Digital Holdings (MARA), one of the biggest miners, noted that its monthly mined bitcoin was lower, month-on-month, as difficulty rose in April. Similarly, Canadian miner Bitfarms (BITF)’s fourth quarter slid to a loss due to higher difficulty. Source

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global capitalization has surged by roughly $27 billion in less than 24 hours as bitcoin (BTC) rallied above $28,000. The largest cryptocurrency by market cap, BTC, has been consolidating between $26,700 and $27,100 since May 11. However, with the recent global hike, the coin is now up 3% in the past 24 hours. BTC price – May 29 | Source: Trading View When writing on May 29, bitcoin is trading at around $28,025. Its 24-hour…

High Court Denies Bail for Do Kwon Due to Lack of Concrete Evidence

Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result, Do Kwon will remain in…