Tag: Markets

Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says

“Kalshi has taken the decision as carte blanche to list dozens of election betting contracts, including bets on the outcome of the presidential election, the winner of the popular vote, margins of victory, which state will have the narrowest margin of victory, and bets on numerous other state and federal elections,” the filing said. “Kalshi’s website previews other contracts, including what it refers to as ‘parlays’ (a term used in sports betting) on various election outcomes, as ‘coming soon.’” Source

China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets

China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel and textiles, further enhancing their global influence after expanding its membership earlier […] Source CryptoX Portal

UBS Maintains Optimism in Markets Amid Middle East Uncertainty

Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused concern, oil prices are stable, gold remains near record highs, and U.S. recession fears are easing. UBS advises investors to hold onto risk assets, citing […] Source CryptoX Portal

Tron (TRX) Holds Green as Markets Fall: Can It Keep Going?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Betting Is Launching an Unstoppable DeFi App for Sports Betting and Prediction Markets With No KYC

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Bitcoin Betting is launching its cutting-edge DeFi app, designed for sports betting and prediction markets. The app targets semi-professional sports bettors who value privacy, high limits, great odds and peace of mind, knowing that their funds are secure and can always be withdrawn within seconds on the Ethereum blockchain. With no KYC requirements, identity management […] Original

Experts go all in on Intel Markets instead of overpriced ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Intel Markets, hailed as the future of crypto trading thanks to its AI integration, has become more compelling than Ethereum and Solana. The crypto market might be in its infant stage compared to traditional finance but isn’t short of potential. Beyond the seemingly overpriced Ethereum (ETH) and Solana (SOL), Intel Markets (INTL) is a promising player to watch out for. Brimming with potential, the viral AI crypto seeks to…

Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm

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Este artículo también está disponible en español. Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%. In contrast, the digital assets market was hit relatively harder, with Bitcoin (BTC) sliding…

QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets

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In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses. QCP Researchers Analyze Crypto Market […] Original