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Morgan Stanley Bullish on Chinese Assets | UBS Predicts Asia M&A Pick Up in Latter 2023

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Morgan Stanley has joined Goldman Sachs in increasing its bullish bets on Chinese assets as China races to dismantle its Covid-Zero policies, boosting the nation’s growth outlook. According to a note by strategists including Laura Wang, the bank expects the yuan’s value to rise to 6.65 per dollar by the end of the year, which …

Morgan Stanley Bullish on Chinese Assets | UBS Predicts Asia M&A Pick Up in Latter 2023 Read More »

SBF Pleads Not Guilty to 8 Criminal Counts | Could Face Up to 115 Years

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Former FTX CEO Sam Bankman-Fried has pleaded not guilty to the eight criminal counts, including wire fraud, securities fraud, and violations of campaign finance laws that he faces after the collapse of FTX and accusations of misusing customer funds. If convicted, SBF could serve 115 years in prison. Daniel Friedberg, a lawyer who served as …

SBF Pleads Not Guilty to 8 Criminal Counts | Could Face Up to 115 Years Read More »

Shopify Merchants Can Now Sell Avalanche NFTs Through Online Storefronts

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Shopify is an eCommerce platform that powers online storefronts for millions of sellers worldwide. The CEO, Tobi Lütke, is a significant Web3 advocate and serves on the board of directors at crypto exchange Coinbase. Now, the e-commerce giant has recently announced an expansion of its non-fungible token (NFT) integration. The new feature allows its millions …

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Ripple Locks back 700 Million XRP | Wales Move XRP to Various Exchanges

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The cryptocurrency market has been experiencing fluctuations during the ongoing crypto winter, with many assets not showing any significant price movement. Ripple (XRP) is one such asset that has seen a decrease in value as the market trend has been on a downward trajectory. This price drop has attracted large cryptocurrency investors, known as “whales,” …

Ripple Locks back 700 Million XRP | Wales Move XRP to Various Exchanges Read More »

MicroStrategy Remains Bullish Despite BTC Sale

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MicroStrategy is a publicly traded business intelligence and enterprise analytics software company founded in 1989 and headquartered in Tysons Corner, Virginia. The firm provides a range of software and services for data management and analysis and has become widely known for its involvement in the cryptocurrency market. MicroStrategy offers a variety of products and services …

MicroStrategy Remains Bullish Despite BTC Sale Read More »

Lido Overtakes MakerDAO As Highest TVL in DeFi

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Lido Finance has overtaken MakerDAO as the highest TVL in DeFi by $0.05 billion. For many years, MakerDAO has had the largest DeFi TVL; however, the Ethereum merge has significantly benefited Lido. Lido’s overtaking signals growth despite the ongoing crypto winter, sending the LDO coin soaring. The Ethereum merge in September seems to have greatly …

Lido Overtakes MakerDAO As Highest TVL in DeFi Read More »

Bitcoin Returns to a Negative Correlation With the USD

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The relationship between two different assets is measured via the correlation coefficient. This results in a range between 1 and -1, with a positive 1 being a direct pricing relationship and a negative 1 being an inverse correlation. After moving as high as 0.84 on 19 November, the correlation coefficient of Bitcoin (BTC) to the …

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PancakeSwap Proposes A Migration to Aptos Mainnet | CAKE Sees Decline As the Number of Present Users Dwindles

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In a recent announcement, PancakeSwap’s developers proposed migrating the platform from the BNB chain to the Aptos Mainnet. The Aptos Blockchain is an easy-to-use and secure infrastructure that has been gaining traction in the crypto space. PancakeSwap’s migration would allow both projects to take advantage of the new customer bases that would be available. PancakeSwap …

PancakeSwap Proposes A Migration to Aptos Mainnet | CAKE Sees Decline As the Number of Present Users Dwindles Read More »

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