Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
US oil export gains slow as output, global demand turn tepid
U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish. Last year, exports grew 13.5%.
Fed minutes to show depth of debate over a July rate cut
While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at last month's policy meeting. Roughly how many were in that camp and how unified the remaining policymakers were in seeing the Fed's Sept. 17-18 meeting as a preferred starting point for reducing borrowing costs should become clear when the minutes of the July 30-31 meeting are released on Wednesday. The central bank's policy-setting Federal Open Market Committee ended that meeting by leaving its benchmark overnight borrowing rate in the 5.25%-5.50% range where it has been since July 2023, but officials agreed to a number of key policy statement changes that opened the door to a rate cut at their gathering next month.
Oil Steadies as Traders Weigh US Stockpiles and Gaza Talks
(Bloomberg) -- Oil steadied following a short run of declines, as traders monitor weekly stockpile data in the US and Washington continued its push for a cease-fire between Israel and Hamas.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemBrent traded above $77 a barrel after losing almost 5% over the pre
China's money laundering crackdown heightens risk for crypto investors, USDT traders
China is closely monitoring the use of virtual assets in money laundering activities, according to the country's highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland. Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods that violate China's criminal law, according to a judicial interpretation published on Monday by the Supreme People's Court and the main agency respo
South Africa Inflation Plunge Backs Case for Rate Cut Next Month
(Bloomberg) -- South Africa’s inflation rate dropped to the lowest level in three years, supporting the case for monetary policy easing this quarter. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemConsumer prices rose 4.6% in July from a year earlier, compared with 5.1% in June, Statistics South Africa
The Expanding World of Web3 and Crypto: A New Era of Digital Innovation
The digital landscape is undergoing a profound transformation as Web3 and cryptocurrency technologies continue to gain momentum.
Institutions Are Still Buying Bitcoin ETFs, Bitwise Says
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
Zenrock Aims to Calm Users' DeFi Wobbles With Decentralized Custody Offering
Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon t...