The GBP/JPY cross came under pressure near the 213.00 level on Wednesday as the British Pound weakened after United Kingdom (UK) Prime Minister Keir Starmer announced he would stand down as Labour Party leader and Prime…
Scotiabank strategists Shaun Osborne and Eric Theoret note the Japanese Yen (JPY) is only fractionally weaker versus the Dollar (USD) but is outperforming across G10 crosses, reflecting market caution over potential off…
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is softer against the US Dollar (USD) but relatively resilient versus G10 peers, with declines tied to shifting Fed expectations and s…
BNY’s Geoff Yu highlights that IMM volume is concentrated in commodity currencies, with AUD, NZD and NOK leading recent adjustments. NOK and CAD are seeing outflows linked to Oil sensitivity and modest Norges Bank tight…
Also continuing to lose ground on Wednesday were gold and oil, each falling below key levels — gold $4,000 per ounce and oil $70 per barrel.
The Swiss Franc (CHF) slides to its weakest level in more than ten months on Wednesday as hawkish Federal Reserve (Fed) outlook boosts the US Dollar (USD). At the time of writing, USD/CHF trades around 0.8126, extending…
Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece and will seek authorization in another European Union country, the crypto exchange said Wednesday via several X posts.
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Bitcoin has fallen below the lowest band of the popular Bitcoin Rainbow Chart for the second time in its history, a valuation model that has tracked BTC’s long-term price cycles for more than a decade.
Thielen's call centers on the recent strength of the U.S. dollar, which historically acts as a headwind for bitcoin. The outlook has been reinforced by the Federal Reserve's hawkish turn under new Chair Kevin Warsh. Mar…
Standard Chartered's Geoff Kendrick has initiated coverage of decentralized lending protocol Aave
Gold and silver have both retreated sharply from their January 2025 highs, falling below key psychological milestones. Gold is down roughly 28% from its January peak of $5,600 and now trading below $4,000 per ounce, whi…
U.S. President Donald Trump has refused to sign a law that includes a four-year ban on central bank digital currencies, which was part of Congress' housing affordability bill, until he gets unrelated legislation passed …
The Dow Jones Industrial Average (DJIA) pushed into fresh record territory again on Wednesday, but the way it got there is worth a second look. The index added roughly 1% and closed near 52,200, just below the all-time …
MUFG’s Lloyd Chan notes that MYR has underperformed since the June FOMC as higher US yields and wider US-Malaysia rate differentials weigh on the currency. While the bank’s medium-term constructive view on the ringgit r…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
EUR/USD extends its decline on Wednesday and trades around 1.1340 at the time of writing, down 0.39% on the day, as the US Dollar (USD) benefits from renewed support driven by expectations of additional monetary tighten…
Derivatives positioning is broadly bearish: Even though SOL futures open interest hit a lifetime high, funding rates and CVD are both negative and ETH open interest rose as prices fell.
Bitcoin's onchain activity is surging despite the asset remaining deep in a bear market.
Binance founder Changpeng "CZ" Zhao is one of the most famous CEOs in crypto history. But he doesn't want to run the global exchange he largely owns. He doesn't want to run its U.S. arm he mostly owns. He doesn't want t…
BNB treasury company CEA Industries (BNC) is undergoing a boardroom shakeup following a cooperation agreement with Binance-linked backer YZi Labs.
Cboe, one of the largest U.S. derivatives exchanges, said it is entering the prediction-market arena and is reviving binary options on the S&P 500 index after abandoning them more than a decade ago, a move that brings i…
Senate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that s…
The strain showing up in the company's STRC preferred stock is a sign the firm has overextended itself, it added. STRC, Strategy's flagship preferred stock, fell to about $82.50 last week, a record 17.5% below the $100 …