Markets

Cryptocurrency investment products saw a record $33.5 billion inflows so far this year after seeing more than $2.2 billion coming in over the past week amid a cryptocurrency market rally that helped the price of Bitcoin hit a new all-time high above $93,000. According to CoinShares’ latest Digital Asset Fund Flows report, the total assets […]

Leading cryptocurrency exchange Binance has seen its researves reach a new all-time high of 25%. The metric, which measures the proportion of total cryptocurrency reserves held on the exchange, underscores Binance’s dominance within the sector. According to analysis published by CryptoQuant, the percentage of the reserves on Binance was at around 21% back in November […]

A French investor has reportedly managed to make a near $79 million profit by betting on Republican presidential candidate Donald Trump to win the US elections, a bet that proved correct after Trump secured 295 Electoral College Votes. According to data shared by on-chain analysis firm Chainalysis, the French investor seemingly controlled a total of […]

Tesla and Space X CEO Elon Musk saw his fortune surge 11.6% to $ billion after Republican presidential candidate Donald Trump won the US elections amid a broader rally for risk-on assets that saw the value of his companies surge. According to data from the Bloomberg Billionaire’s Index, Musk’s net worth exploded upward after the […]

A cryptocurrency whale betting on Republican candidate Donald Trump winning the upcoming US elections has sold off its entire stake on the elections, shortly before Americans head to the polls to decide who their next president is going to be. According to data from on-chain analytics service Lookonchain, the cryptocurrency whale which has the tag […]

The highly-anticipated 2024 US Presidential election has seen the trading volume of bets on who is going to win it in leading prediction market Polymarket surpass the $3 billion mark, with bets on Republican candidate Donald Trump surpassing $1.29 billion. According to data from Polymarket, bets on Vice President Kamala Harris now stand above the […]

Popular predictions market Polymarket has reportedly been paying social media influencers based in the United States to promote election-related content ahead of the upcoming 2024 US Presidential elections. According to a Bloomberg report, in September Polymarket’s senior director of Growth Armand Saramout created a sponsorship deal with US influencers, and over the past few weeks […]

A massive cryptocurrency whale known as “zxgngl” has withdrawn $2.36 million in the USDC stablecoin from leading cryptocurrency exchange Binance, seemingly in a bid to double down on their Polymarket bet that former U.S. President Donald Trump will win the upcoming elections. According to popular on-chain analysis service Lookonchain, the whale has withdrawn a total […]

Presidential election odds on popular Polygon-based predictions market Polymarket have shifted significantly over the past weekend, with the odds of former U.S. President Donad Trump beating current Vice President Kamala Harris narrowing from around 66.9% to 57%. Similarly, Harris’ odds of winning the election, according to Polymarket traders, jumped from 33.1% to 43% at the […]

The US Dollar has reasserted its dominance in global finance, capturing a staggering 49% share of international payments, a 12-year high after a significant 9% surge over the past two years. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), data from SWIFT shows that the Euro, once a significant […]

Major trading platform Robinhood has announced the launch of U.S. presidential election event contracts, effectively allowing its users to trade based on their predictions of the election’s outcome. According to a CNBC report, the Nasdaq-listed trading platform said the election event contracts are now rolling out to a limited number of users, and that customers […]

Michael Saylor, MicroStrategy’s co-founder and executive chairman, has told Microsoft (NASDAQ: MSFT) CEO Satya Nadella that he could help the company make “the next trillion dollars for MSFT shareholders.” In a post on the microblogging platform X (formerly known as Twitter). Saylor tagged Nadella and added along an image with a recent proposal for Microsoft […]

Tesla, X, and Space X CEO Elon Musk has seen his net worth skyrocket by a whopping $33.5 billion in a single day this week after his electric car maker’s shares jumped 22% on Thursday after it reported its biggest gain in over a decade. According to Bloomberg, the electric vehicle manufacturer’s impressive quarterly earnings […]

The total U.S. Federal debt grew by a whopping $473 billion over the past three weeks to reach a record $35.8 trillion, meaning that the country has taken on $1,450 of debt for every American in that same period. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the rise […]

The U.S. Federal Reserve is currently “attempting something unprecedented,” as inflation in the country has dropped by a whopping 5.8% over the last two years – the largest drop since the 1980s – to stand at 2.4% in September. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the drop […]

The U.S. Treasury Department announced a significant breakthrough in its fight against financial fraud, revealing that artificial intelligence has helped recover a staggering $4 billion in “fraud and improper payments” during the 2024 fiscal year. The figure represents a substantial increase from the previous year, when AI-powered systems recovered $652.7 million in fraudulent funds, according […]

Leading cryptocurrency media, events, indices and data provider CoinDesk has announced the acquisition of CCData, a leading UK-based benchmark administrator and a prominent provider of digital asset data and index solutions and CryptoGlobe’s parent company. The deal includes CryptoCompare, CCData’s retail platform that serves over 300,000 active users and expands CoinDesk’s information services and data […]

JPMorgan Chase CEO Jamie Dimon has issued a major warning about the global economic situation over ongoing geopolitical threats coming from an “evil axis” that shows “that conditions are treacherous and getting worse.” Dimon’s words came in a press release from the financial git accompanying its third-quarter earnings, which beat analysts’ expectations and saw the […]

The world’s largest asset manager BlackRock has seen its asset under management (AUM) surge by a whopping $160 billion during the third quarter of the year, to now have a record-breaking $11.5 trillion in AUM. According to a recent Bloomberg report, investors were particularly drawn to BlackRock’s exchange-traded fund (ETF) offerings – which include a […]

The stock market’s benchmark index, the S&P 500, has seen stellar performance so far this year and is now up by more than 21.5% year-to-date, and over 33.3% over the last 12-month period as it has added over $13 trillion to its market capitalization since October 2023. As pointed out by the economics outlet Kobeissi Letter on […]

As the stock market appears to be “unstoppable,” with the S&P 500 index recording its “biggest gain since 1997” amid rising geopolitical tensions and growing concerns of a potential financial crisis, a metric favored by the Oracle of Omaha Warren Buffet has hit an new high above its levels in the dot-com bubble and the […]

Two Wall Street giants, JPMorgan Chase and Bank of America, have scaled back their forecasts for a Federal Reserve interest rate cut in November, citing a robust labor market that suggests the U.S. economy remains resilient. In a shift from previous predictions, economists at both banks now anticipate the Fed will reduce interest rates by […]

The stock market’s benchmark index, the S&P 500, has rallied by more than 20% so far this year and is currently posting its “biggest gain since 1997” even amid soaring geopolitical tensions and growing concerns of a potential financial crisis. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the […]

A Canadian investor who managed to turn round $88,000 into more than $415 million through investment in shares and options in Tesla is now suing his investment firm and advisors for allegedly setting him up for financial ruin for providing him with inadequate advice. The investor, Christopher DeVocht, made his fortune trading Tesla shares and […]

The total Money supply in the United States, the Eurozone, Japan, and China has for the first time in history reached $89.7 trillion, having skyrocketed by a whopping $7.3 trillion over the past year. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the rise in global money supply was the […]

Cryptocurrency investment products saw inflows above $1.2 billion over the past week as investors increasingly turn to riskier assets after the Federal Reserve’s recent 50 basis point interest rate cut. According to CoinShares’ latest Digital Asset Fund Flows report, the $1.2 billion flows could be a “reaction to continued expectations of dovish monetary policy in […]

The stock market’s benchmark index, the S&P 500, has added around $8 trillion to its market capitalization so far this year after surging more than 20%, meaning it has added an average of $43 billion per trading day year-to-date. According the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the S&P 500 […]

The highly successful author of the “Rich Dad Poor Dad” series of personal finance books, Rober Kiyosaki, has recently doubled down on his prediction of what could potentially be “one of the greatest financial crisis in world history.” Echoing the sentiments of investment banker Jim Rickards in his new work MoneyGPT, Kiyosaki took the microblogging […]

Goldman Sachs Group strategists are predicting a more resilient US equity market than many investors fear, asserting that the likelihood of an actual recession is low. While they acknowledge potential headwinds such as higher valuations, mixed economic growth, and policy uncertainty, the team led by Christian Mueller-Glissmann revealed it that the underlying strength of the […]

The global stock market saw its market capitalization plunge by around $4.1 trillion last week in its largest drop in two years amid a wide market sell-off that came over mixed US jobs data and growing deflationary pressure in China. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), world stocks’ […]

The total annual interest costs on U.S. Federal debt have surpassed the $1.1 trillion mark in the second quarter of the year, with the government now paying a record $3 billion in interest per day on its debt. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the interest expense […]

The stock market’s benchmark index, the S&P 500, has seen its total market capitalization drop by around $1.7 trillion so far in September ahead of expected interest rate cuts from the Federal Reserve later this month. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the stock market hasn’t seen […]

September, a month historically marked by market weakness, has been living up to its reputation so far this year, with equities losing over $1 trillion in total market capitalization in a single session earlier. One trader, however, likely made over $10 million betting on volatility rising. That’s according to a post shared on the microblogging […]

US job openings have dropped to their lowest level in three and a half years in July, to 7.67 million, from 7.91 million in June, while available vacancies “materially missed expectations of 8.09 million.” According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), since seeing a peak in March 2022, […]

Equities have lost over $1 trillion in market capitalization over the past trading session as large-cap tech stocks endured a massive sell-off that saw the price of Nvidia (NVDA), a company that’s been rallying off of AI growth bets, losing over $360 billion in market capitalization including its after-hours move. According to the economics outlet Kobeissi […]

The stock market’s benchmark index, the S&P 500, has added more than $5 trillion to its market capitalization in just 20 days, recording about $250 billion of inflows per trading day after hitting a low on August 5 that translated into its annual return in just that period. According to the economics outlet Kobeissi Letter on the […]

Norway’s massive sovereign wealth fund, which has nearly $1.7 trillion in assets under management generated an 8.6% return, or $138 billion, in the first half of the year, fueled by a surge in stock prices. Norges Bank Investment Management (NBIM), which oversees the fund’s investments, reported that equity holdings gained 12% during the six-month period […]

A mysterious high-stakes wager on long-term government debt placed back in June has been revealed to have been made by Northwestern Mutual Wealth Management. The $2.7 billion bet on BlackRock’s 20+ Year Treasury Bond ETF (TLT) sent shockwaves through the bond market, prompting speculation about a looming economic downturn. According to Bloomberg Brent Schutte, the […]

The stock market’s benchmark index, the S&P 500, has posted its “best day since November 2022,” after seeing a rise of more than 2.3% in the last trading session as it recovers from a significant drawdown seen earlier this month. According the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the S&P […]

A “concerning” economic indicator in the United States is currently pointing to an incoming recession after accurately predicting the last recessions over the last 75 years accurately. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the US unemployment rate has now risen for four consecutive months, its longest growing […]

The relentless sell-off that affected global markets earlier this year and saw the Nasdaq 100 index plunge more than 5% as investors moved to the sidelines, according to JPMorgan Chase, saw the market get close to a tactical opportunity to buy the dip. The global market rout saw the price of Bitcoin briefly drop below […]

The Chicago Board Options Exchange Volatility Index (VIX), a real-time index that represents the stock market’s expectations for near-term volatility, has hit a level that has only been seen twice since it was crated. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the VIX is now above 65, […]

A key recession indicator has just been triggered after the unemployment rate in the United States rose to 4.3% in July, leading to a massive stock market sell-off that saw the S&P 500 index lose more than $1.2 trillion in hours and Bitcoin plunge to $63,000. The unemployment rate rise triggered the Sahm Rule, a […]

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.” That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly known as Twitter), who pointed out that the […]

Tokyo stocks suffered a catastrophic decline over the last trading session, with the Nikkei 225 index plummeting 5.81% to its lowest point in six months and facing the second-worst daily plunge since the infamous Black Monday crash of 1987. The index closed at 35,909.70, erasing nearly 2,217 points in a single day, reflecting the previous […]

Cryptocurrency whales are currently “preparing for the next altcoin rally,” as they have set up limit buy orders for various altcoins beyond Bitcoin and Ethereum, to the point limit buy order volume for these coins has grown in an indicator that “strong buy walls are being set up.” That’s according to the CEO of on-chain […]

A group of seven megacap tech stocks – often referred to as the Magnificent 7 – has lost more than $2.6 trillion in value over the last 20 days, making for an average of $125 billion per day over the period. In total, these stocks lost “triple the value of Brazil’s entire stock market.” That’s […]

The day of reckoning arrived on Wednesday for the tech industry, as a seismic market rout erased a staggering $1 trillion in value from U.S. equities, led by the declines in shares of Tesla and Alphabet that marked the worst day for the S&P 500 and Nasdaq Composite since late 2022. At the heart of […]

Economic data shows that a growing shar of Americans’ income tax is being devoured by the interest payments from the country’s ballooning national debt, which according to online trackers is now close to the $35 trillion mark. As Heritage economist E.J. Antoni pointed out on the microblogging platform X (formerly known as Twitter), interest payments […]

The specter of a market bubble is once again haunting Wall Street as the Buffet Indicator, a metric favored by the Oracle of Omaha that measures the ratio between a country’s total stock market capitalization and its GDP, has hit a new all-time high. According to data shared by Barchart on the microblogging platform X […]

The U.S. federal government’s deficit has ballooned to $1.27 trillion in the fiscal year ending in June, driven largely by surging interest payments on the nation’s mounting debt, the Treasury Department recently revealed. Despite record-high receipts of $466 billion in June, the government still ran a deficit of $66 billion for the month, as Bloomberg […]

According to a recently released research note from JPMorgan, the cryptocurrency market rebound is likely to be short-lived and tactical in nature, not the start of a prolonged bull run. The note, first reported by CoinDesk, came as the price of the flagship cryptocurrency Bitcoin ($BTC) rose more than 10% over the last few days […]

Over the past week, cryptocurrency investment products saw total inflows of $1.35 billion, bringing their ttotal inflows over the last three weeks to $3.2 billion, with Bitcoin investment products bringing in the lion’s share of funds, followed by ETH, Solana, and multi-asset vehicles. According to CoinShares’ Digital Asset Fund Flows report, BTC-focused products saw $1.27 […]

BlackRock, the world’s leading asset manager, announced today that its assets under management (AUM) surpassed $10 trillion for the first time, exceeding expectations in the second quarter. According to the Financial Times, BlackRock’s assets under management rose 13% from the same period last year to now stand at a record $10.6 trillion. The firm saw […]

The Hindenburg Omen, a technical indicator designed to identify potential stock market crashes, has started flashing just one month after its previous signal, raising concerns that a stock market downturn could be coming. The indicator compares the percentage of stock reaching new 52-week highs and lows to a specific threshold. When the number of stocks […]

Bitcoin recent price slide could mean that the stock market’s benchmark index, the S&P 500, may be about to drop significantly as well, as the two assets often move in tandem as investors with greater risk appetite bet on both. According to Barry Bannister, managing, managing director and chief equity strategist at Stifel, Bitcoin’s recent […]

A prominent macroeconomist, Henrik Zeberg, has reiterated his prediction of a looming recession that will be preceded by a final surge in key market sectors, but can potentially be the worst the market has seen since 1929, the worst bear market I Wall Street’s history. In a recent interview on the Soar Financially YouTube channel, […]

Tesla (TSLA) has emerged as a top performer in the S&P 500, inflicting significant losses on short sellers who have bet against the electric vehicle manufacturer that has invested in Bitcoin. Since releasing its second-quarter delivery report on July 2, Tesla’s stock has surged over 25%, building on gains exceeding 44% performance over the last […]

The stock market’s benchmark index, the S&P 500, has been consistently rising over the last few months, moving up 16.7% year-to-date and around 4.5% in just the last 30 days to hit new highs, however the influence of some components of the index has raised concerns. As first pointed out by Zerohedge, the S&P 500 […]

The cryptocurrency space has experienced a wave of forced selling after mote than $800 million worth of long positions were liquidated in the past three days, representing the heaviest liquidation events since April, according to CoinGlass data. These liquidations came amid a wide cryptocurrency market sell-off that has seen the space’s total market capitalization drop […]