Global investors are flocking to the U.S. dollar, betting that the artificial intelligence boom will help the world’s largest economy perform strongly this year and force the Federal Reserve to keep interest rates high. According to data from the Commodity Futures Trading Commission (CFTC), bullish bets on the dollar rose last week to their highest […]
Global Investors Flock to Dollar on AI Boom and Fed Rate Bets Read More »
• Wells Fargo recently raised its S&P 500 index target for end-2026 to 7,950 from 7,300. • The upward revision is attributed to stronger corporate earnings, an interim U.S.-Iran agreement that eased macroeconomic risks, and a recent market pullback that reshaped investor sentiment. • The new target implies the S&P 500 still has nearly 6%
Wells Fargo Raises S&P 500 Target to 7,950 by End-2026 Read More »
Gold remains in a broad consolidation phase as investors await greater clarity on interest rates and inflation, but the long-term bullish thesis remains intact. Analysts note concerns over currency devaluation, potentially lower real interest rates, and, most importantly, the possibility that central banks may accelerate gold purchases again after this year’s economic slowdown. June 17
Gold Remains in Consolidation Phase with Long-Term Bullish Outlook Read More »
JPMorgan expects AI hyperscale data center operators to invest approximately $5.5 trillion by 2030, an increase of $400 billion from its previous forecast. Of this total, about $4.1 trillion is expected to come from debt financing, indicating that these companies will rely on borrowed funds to cover a larger proportion of their expenditures. The bank
JPMorgan Raises AI Infrastructure Spending Forecast to $5.5 Trillion by 2030 Read More »
Silvergate Bank, headquartered in the United States, primarily serves cryptocurrency companies. One of its clients was FTX, for which it facilitated fiat currency exchanges and deposits. Users who utilized FTX’s over-the-counter (OTC) trading services revealed that when remitting funds to FTX, the payments were actually directed to Alameda. SBF had consistently emphasized that FTX and
Silvergate Bank and FTX: OTC Payments, Alameda, and Money Laundering Concerns Read More »
Over the past 24 hours, I have been researching wBTC. My recommendation is to temporarily avoid any wrapped assets. (Translator’s note: Wrapped assets, also known as wrapped tokens, are tokenized versions of another cryptocurrency. They are pegged to the value of a specific asset and typically support redemption (unwrapping) of the underlying asset at any
Concerns Over Wrapped Assets: A Deep Dive into wBTC Custody and Liquidity Read More »
The BNB Chain-based DeFi protocol Ankr confirmed today (2nd) that it was hacked, with approximately $5 million missing. The Ankr team stated, “Our aBNB tokens (BNB staking receipt tokens) have been stolen. We are currently working with exchanges to immediately suspend trading. All underlying assets on Ankr staking remain safe, and all infrastructure services are
Ankr DeFi Protocol Hacked on BNB Chain: $5 Million Lost Read More »
Binance, the world’s largest cryptocurrency exchange, recently experienced a surge in outflows, with net outflows reaching as high as $3.6 billion over the past week. Yesterday (13th), USDC withdrawals were temporarily suspended, and although trading has now resumed, concerns remain. In response, Binance reiterated that user assets are fully backed by reserves and stated that
Binance Withdrawal Surge Reaches $3.6 Billion as USDC Withdrawals Temporarily Paused Read More »
As Aave’s stablecoin GHO and Curve’s stablecoin crvUSD are about to launch, MakerDAO is preparing to expand its lending business through Phoenix Labs and Spark Protocol, and enter the liquid staking market. On February 9, the announcement of the establishment of Phoenix Labs and the development of Spark Protocol was made on the MakerDAO forum,
MakerDAO Expands into Liquid Staking with Phoenix Labs and Spark Protocol Read More »
On February 9, the decentralized US dollar stablecoin GHO, issued by Aave, officially launched on the Ethereum Goerli testnet, allowing developers and community users to access its interface and detect potential issues in its workflow. Currently, the testnet supports four assets: DAI, USDC, AAVE, and LINK. New facilitators have been added to support FlashMinting mode,
Aave’s GHO Stablecoin Launches on Goerli Testnet with FlashMinting and Final Audits Read More »
