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July 24 Futures Market Dynamics
July 24 Futures Market Dynamics

Bitget·2024/07/26 05:01
Here’s When India Plans to Unveil Crypto Discussion Paper
Here’s When India Plans to Unveil Crypto Discussion Paper

The inter-ministerial group, tasked with developing a complete cryptocurrency policy, now includes the RBI and SEBI.

Cryptopotato·2024/07/26 04:59
BlackRock reveals key motivation behind launching crypto ETFs
BlackRock reveals key motivation behind launching crypto ETFs

Share link:In this post: BlackRock jumped into the Bitcoin ETF market mainly because their clients were asking for it. CEO Larry Fink, once a crypto skeptic, now sees Bitcoin as “digital gold” after studying the space deeply. There’s strong interest in Bitcoin and Ethereum, but not much enthusiasm for other cryptocurrencies among BlackRock’s clients.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on

Cryptopolitan·2024/07/26 01:19
VanEck gives Bitcoin until 2050 to hit $3 million per coin
VanEck gives Bitcoin until 2050 to hit $3 million per coin

Share link:In this post: VanEck predicts Bitcoin could hit $3 million per coin by 2050, becoming a major global currency. They think new tech will solve Bitcoin’s current transaction problems, making it useful for international trade. Despite its potential, Bitcoin has a lot of issues to clear before it can replace traditional currencies.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. W

Cryptopolitan·2024/07/26 01:19
U.S. economic growth hits 2.8% annualized rate in Q2
U.S. economic growth hits 2.8% annualized rate in Q2

Share link:In this post: The U.S. economy grew by 2.8% in Q2, beating expectations and showing strong consumer spending. The Federal Reserve is considering cutting interest rates, but the labor market is starting to soften. President Biden maintains tariffs on China and focuses on tech and climate policies, aiming for long-term economic stability.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on thi

Cryptopolitan·2024/07/26 01:19
There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says
There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says

Quick Take BlackRock Head of Digital Assets Robert Mitchnick said at the Bitcoin 2024 conference that the launch of spot Ethereum ETFs is unlikely to open the door to funds that track other crypto assets. ETH is not a bitcoin competitor — the assets are better seen as “compliments.” Bitcoin’s risks are fundamentally different from those of traditional assets, such as banking crises, geopolitical disorder, inflation, deficits, debt and currency debasement.

The Block·2024/07/25 23:22
Mystery surrounds $289 million in ETH that moved for the first time in 7 years
Mystery surrounds $289 million in ETH that moved for the first time in 7 years

Quick Take 92,000 ETH, valued at around $287.7 million, moved for the first time in seven years. The wallet initially received 96,474 ETH valued at $130,320 on Sept. 1, 2015 12:21:51 UTC from the Ethereum Foundation.

The Block·2024/07/25 22:58
Flash
19:39
According to sources familiar with the matter, Starbucks recently underwent a round of workforce reduction, cutting around 60 positions at its Hong Kong office and approximately 120 positions at its London office.
This adjustment is seen as part of the global coffee chain giant's effort to optimize its global operating structure and improve efficiency. The company stated that this is a regular part of its ongoing evaluation and adjustment of operations to support its long-term growth strategy, aiming to reallocate resources to key growth areas. Despite the personnel changes, Starbucks reaffirmed its unchanged commitment to the relevant markets and will continue to focus on providing a high-quality experience for customers. Market analysts believe this move reflects the dining and retail industry's increasing focus on streamlining operations and enhancing efficiency when faced with cost pressures and growth challenges.
19:23
According to relevant sources, a very large oil tanker is once again sailing from the Persian Gulf towards the Strait of Hormuz after a brief course adjustment.
Tanker tracking data shows that the Desh Vibhor, which had previously appeared to be planning to sail along the southern route recommended by the US military, has now switched to a more northern route, heading towards the Iranian coastline. This super tanker previously performed a turning maneuver, and later adjusted its course again to resume its journey toward the Strait of Hormuz.After the US and Iran signed a temporary peace agreement this Wednesday, the international crude oil market has been closely monitoring the dynamics of oil transportation through the Strait of Hormuz. Although the two countries have reached an agreement, Iran has stated publicly that any vessel without Iranian permission is still prohibited from passing through this waterway.
19:04
The Central Bank of Mexico announced the official exchange rate for the peso, with 1 US dollar convertible to 17.3247 Mexican pesos.
The determination of this official exchange rate will serve as an important reference for cost accounting in Mexico's import and export trade, cross-border consumer settlements, and cross-border capital flows. Relevant market participants may refer to this official pricing when conducting exchange-related transactions between the US dollar and the Mexican peso.
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