Asian shares kicked off the week on a subdued note, reflecting a cautious mood as high U.S. Treasury yields continued to pressure Wall Street equity valuations while bolstering the U.S. dollar near multi-month highs. With the New Year holiday approaching and a sparse economic calendar, trading volumes remained light. Investors are looking forward to key…
Oil prices edged slightly lower on Monday, reflecting thin trading volumes during the holiday season. Traders remain cautious, awaiting critical economic data from China and the United States—the two largest oil consumers globally—to gauge potential growth trajectories in 2025. Brent crude futures dipped marginally by 8 cents to $74.09 per barrel by 0700 GMT, while…
As the European Union (EU) prepares for the full implementation of its landmark Markets in Crypto-Assets (MiCA) regulation on December 30, 2024, stablecoins, particularly Tether’s USDT, are coming under heightened scrutiny. MiCA introduces a robust regulatory framework designed to bring stability, transparency, and trust to the cryptocurrency market. However, the implications for stablecoins like USDT,…
As Bitcoin enthusiasts gear up for the next anticipated bull run in 2025, analysts are urging caution. According to a recent report by Singapore-based Web3 firm Matrixport, the crypto market faces several emerging challenges, including advancements in quantum computing and shifting inflation dynamics. One of the key concerns raised by Matrixport is the potential impact…
Tether’s investment represents a strategic move into the venture capital space, aligning with its broader mission to advance blockchain technology.
Euro Stoxx 50 futures climbed 0.4% early Friday, signaling a positive start for the region’s equities.
China’s central bank has opted for cautious measures, refraining from interest rate cuts and pulling back a significant amount of cash from its financial system. This move signals a strategic approach by the People’s Bank of China (PBOC) to maintain stability while keeping options open for future action, especially as trade tensions with the United…
MSCI’s benchmark index for emerging-market equities climbed for a second consecutive day, with Chinese stocks leading the charge in a holiday-thinned trading environment.
European stocks edged higher on Tuesday, despite muted trading activity during a holiday-shortened week. Meanwhile, the U.S. dollar held firm near a two-year high, buoyed by rising U.S. Treasury yields as markets bet on fewer Federal Reserve rate cuts in 2025. The pan-European STOXX 600 index climbed 0.3%, while Britain’s FTSE 100 and France’s CAC…
The Securities and Exchange Commission (SEC) of the Philippines has released a draft regulatory framework aimed at establishing clear rules for cryptocurrency activities in the country. This draft is open for public consultation, and stakeholders are encouraged to submit their feedback by January 18, 2025. Titled “SEC Rules on Crypto-Assets Service Providers (CASP Rules),” the…
