In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets, potentially leading to widespread financial strain. “Some indicators of financial stress have risen,” […] Source CryptoX Portal
Lisbon, Portugal, May 9th, 2024, Chainwire Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps. Chiliz Chain is renowned for its blockchain solutions that transform fan engagement in sports through features like fan tokens and interactive engagement platforms. Through its flagship venture Socios.com, the network…
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said. Original
“The significance of Injective’s integration with Arbitrum extends beyond just building blockchain networks or infrastructure,” said Eric Chen, the co-founder of Injective Labs, in the press release. “It enforces the fundamental principle of interoperability – closing the gap between Ethereum, Cosmos and other widely adopted L1s – for an ecosystem where cross-chain assets and liquidity can be truly composable across ecosystems.” Source
The fundraising consisted of seed equity and debt financing led by crypto venture capital firm Dragonfly Capital. A wide range of investors also participated in the round: investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (previously Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework, the press release listed. Source
Now, Tesla faces an existential threat. Sales and profits are falling, competition is increasing, particularly from China, and drastic cost-cutting measures include staff reductions and simplified car builds. As Tesla struggles with market pressures, leadership and strategic challenges persist, raising concerns about the company’s direction and stability. Source
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […] Source CryptoX Portal
“The average weekday spot volume on CEXs during 1Q24 was $18.8 billion, more than eight-fold the $2.3 billion daily volume of U.S. spot ETFs over the same period,” the note said. “This discrepancy in activity leads us to believe that bitcoin’s price discovery still remains rooted in global demand trends.” Source
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […] Source CryptoX Portal
With a few hours left from the last day of the month (UTC time), bitcoin is down over 16% through April, and ether is lower by 18%.. Smaller cryptocurrencies suffered an even deeper correction, with altcoin darlings SOL, dogecoin (DOGE), avalanche (AVAX) lower by 35%-40% this month. Original