UBS analysts have recently advised investors to sell any potential short-term gains in the US dollar, signaling a more bearish outlook on the currency for the medium term. The firm’s recommendation comes amidst expectations of a possible corrective rebound in September, especially if the Federal Reserve’s cautious approach to implementing rate cuts greater than 25
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Bybit’s latest Block Scholes Crypto Derivatives Analytics Report reveals a concerning spike in implied volatility across the cryptocurrency market, particularly for major cryptocurrencies like ETH. This increase in volatility is indicative of growing bearish sentiment among traders as spot prices remain subdued. The shift towards out-of-the-money puts for short-term options further highlights the prevailing skepticism
The Green Bay Packers are the only National Football League team with an ownership structure that resembles a publicly traded company. This unique setup has been in place for over a century, making the Packers stand out among the four major North American professional sports leagues. With a valuation of $6.3 billion, the Packers are
When it comes to investing, many individuals are constantly on the lookout for opportunities that can provide them with a combination of solid yield and potential for upside capital gains. In the current financial landscape, with the Federal Reserve expected to implement an interest rate cut, the quest for high-yield investment options becomes even more
Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently shared his thoughts on the rapidly increasing national debt of the United States. Keiser’s prediction comes in response to a tweet by @RadarHits X, revealing that the U.S. national debt has soared to a record high of $35.27 trillion, translating to
The current market sentiment, as discussed by Callie Cox of Ritholtz Wealth Management, indicates that the Federal Reserve’s recent interest rate cuts are more of a celebratory nature rather than a sign of desperation. This implies that the Fed is taking pre-emptive measures to ensure the stability of the economy, rather than reacting to an
The recent arrest of Pavel Durov, the entrepreneur behind Telegram, has sent shockwaves through the cryptocurrency community. Durov was arrested on Saturday night at Le Bourget airport on various charges, including terrorism, drugs, complicity, fraud, and money laundering. If convicted, he could face up to 20 years in prison. The news of his arrest has
The future of Paramount Global remains uncertain as a special committee has announced an extension of the “go shop” period in light of a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However, this bid was quickly increased to $6 billion, overshadowing
In a recent development in the fintech industry, ChainwirePEXX, a startup specializing in stablecoin cross-border payments, has acquired the Singapore-based blockchain media platform, Chain Debrief. This acquisition comes after a successful fundraising round led by TNB Aura and ANTLER, where PEXX raised $4.5 million. The move aims to expand PEXX’s reach and deepen its engagement
In a time of heightened market volatility, it is crucial for investors to carefully select where they put their money. The recent spike in the CBOE Volatility Index to 66 during the August 5 selloff, fueled by concerns over the U.S. job market and consumer spending, has left many jittery about the future. This volatility