Investors Eagerly Await Apple’s $90B Buyback Announcement and Dividends

Apple expects a 5% drop in revenue amid sluggish sales for Mac and iPad. The Street expects the Apple board to authorize $90 billion worth of buybacks and share repurchases. Later today on Thursday, May 4, Apple Inc (NASDAQ: AAPL) will report its quarterly earnings with the Street expecting muted results from the tech giant. As per the company’s guidance, revenue could see a dip of 5% due to a drop in Mac and iPad sales. However, considering the fact that Apple has huge cash reserves, the Street expects Apple…

Total Value Locked Can Help Investors Determine Crypto Allocation

Description of simulation: Data is for the period Jan. 1, 2021-March 31, 2023. These indexes represent hypothetical backtests rebalanced monthly and do not consider transaction costs or whether assets are feasibly investable. The indexes exclude stablecoins, wrapped/pegged tokens, centralized exchange tokens and any assets that have not received a price in the last 365 days. Indexes only include proof-of-stake assets for which TVL data is readily available. “Market cap” refers to the circulating market cap of an asset. TVL includes all forms of how assets are used, or “locked” on…

Market slumps as bitcoin and ethereum prices continue falling, digitoads attracting new investors

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied At prevailing market conditions, top cryptocurrencies are struggling against a deluge of bear selling pressure. Crypto fans have been waiting for a recovery, but this could take some time. Presently, top cryptocurrencies like bitcoin (BTC) and ethereum (ETH) are still having a hard time reversing losses and retesting past all-time highs. While many experts remain optimistic about these coins’ prospects, it might take some time before the bull run of 2021 is replicated. Nonetheless, there’s still…

Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey

Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to a survey by a United States financial regulator. Published by the United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation in late April, the survey found that a large portion (31%) of new cryptocurrency investors cited “friend suggestion” as the primary reason for their foray into crypto.  This is compared to only 8% for first-time equities or bond investors, potentially indicating that there…

Bitcoin BTC Price Holds Steady as Investors Look Toward Next FOMC Meeting

The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday’s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding. Source

Ethereum Shanghai Upgrade Boosts Ether ETH Staking Among Institutional Investors

Ethereum’s highly anticipated tech update, often referred to as the Shanghai or Shapella upgrade, starting April 12 enabled withdrawals of some 18 million tokens, worth $35 billion, previously locked up in staking contracts. After the upgrade, ETH’s price rallied to $2,100, its highest level in 11 months, defying earlier concerns the unlocking could lead to significant selling pressure and a price crash. The token recently has dropped below $1,900, aligning with a broader crypto market decline. Source