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Bitcoin price rises back above $43,000 as market expects another Fed rate pause this week
Bitcoin price rises back above $43,000 as market expects another Fed rate pause this week

The price of bitcoin rebounded above the $43,000 mark with the market expecting the U.S. Federal Reserve to pause rates again later this week.

The Block·2024/01/29 17:47
Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon and Ethereum
Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon and Ethereum

NFT marketplace Magic Eden has launched a multi-chain self-custodial wallet.The wallet is compatible with the four blockchains currently supported on the platform — Solana, Bitcoin, Polygon and Ethereum.

The Block·2024/01/29 17:40
What happened to PayPal stablecoin PYUSD after last year’s launch?
What happened to PayPal stablecoin PYUSD after last year’s launch?

PayPal's stablecoin PYUSD reaches $300 million market cap in five months

Crypto Slate·2024/01/29 17:17
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’

Grayscale's outflow continue to dominate weekly outflows, despite data indicating that trend might be receding.

Crypto Slate·2024/01/29 17:17
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50%
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50%

Bitcoin launches into FOMC week with promising ETF flows and BTC price action sustaining weekend upside.

Cointelegraph·2024/01/29 15:48
Spot Ethereum ETF approval 'unlikely until late 2025 or early 2026,' says TD Cowen
Spot Ethereum ETF approval 'unlikely until late 2025 or early 2026,' says TD Cowen

TD Cowen anticipates that the SEC will not approve a spot Ethereum ETF until late 2025 or early 2026.Earlier this month, the bank just said approval could come after the November 2024 election.

The Block·2024/01/29 14:33
Flash
03:24
Research shows Germany's industrial employment has fallen to its lowest level in a decade
This decline is not due to an increase in the number of employees being laid off, but because employers are hesitant in filling vacant positions and hiring new staff. Since 2014, the proportion of industry in the overall German labor market has dropped from 22% to 19%, intensifying the debate about Germany's "deindustrialization." The study notes that the wage advantage of industrial enterprises over other sectors has roughly halved in the past 10 years, reducing their appeal to employees.
03:21
Morningstar: Waller's statement raises market expectations for a potential Federal Reserve rate hike in the coming months
```htmlGolden Ten Data, June 18|Lorraine Tan, Director of Morningstar Equity Research (Asia), expects that as the US market declines, Asian markets will react negatively to the Federal Reserve's decision to keep rates unchanged overnight. Overall, since this is the first policy decision since Walsh took office as the new Chair, the rate decision itself is not surprising. Although the decision was unanimously approved, the brief statement provided almost no forward guidance, which creates a certain degree of uncertainty. As a result, the market sees a higher chance of rate hikes in the coming months than pauses. If the yield on short-term US Treasury bonds continues to rise due to this expectation, it could further dampen market sentiment.```
03:18
Berenberg lowers Cognizant target price to $59
Glonghui, June 18 – Berenberg has cut Cognizant’s target price from $81 to $59 and downgraded its rating from "Buy" to "Hold". (Glonghui)
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