This is what you need to know to trade today Wednesday May 18: The dollar seems to have stopped its fall early Wednesday amid rising US Treasury yields. The DXY dollar index, which closed the previous three days in negative territory and lost more than 1% during that period, is moving sideways above 103.00. The […]
Tag: Cryptocurrencies
Breaking News!: South Korea launches an “emergency” inspection after the collapse of LUNA and Terra’s UST
South Korean financial authorities have launched “emergency” inspections at operators of national cryptocurrency exchanges to enhance investor protection following the recent collapse of TerraUSD and Luna cryptocurrencies, several sources have said on Tuesday. The measure has been after TerraUSD and LUNA death spiral caused massive losses to investors and send shock waves across the world. […]
Forex Today – Asian Session: Risk Aversion Paused, Dollar Pulls Back Modestly
What you should know on Tuesday, May 17: The US dollar appreciated at the start of the week but ended the day with modest losses against most rivals as equity markets turned around. European indices closed mixed, but Wall Street managed to post gains. The EUR/USD pair ended the day around 1.0430, with limited upside […]
Ethereum loses (again) $ 30,000 Bitcoin – ‘Dive’ 5%
Return to the negative sign for cryptocurrencies that on Monday erase the profits of the weekend, after European officials reiterated their warnings about the dangers posed by crypto. In particular, the Bitcoin slides 5% to $ 29,700. Since the beginning of the month, the most popular cryptocurrency has lost about a fifth of its value, […]
Last Minute!: Luna Foundation Guard (LFG) sold 46,876 BTCs amid Terra’s death spiral
The Luna Foundation Guard (LFG) has revealed that it had sold a significant number of tokens from its reserves when the price of UST began to drop substantially below the $1 benchmark. The non-profit organization’s reserves consisted of 80,394 BTC, 39,914 BNB, 26,281,671 USDT, 23,555,590 USDC, 1,973,554 AVAX, 697,344 UST, and 1,691,261 LUNA. As of […]
Forex Today: Modest Improvement in Market Mood Ahead of Mid-Level Data
This is what you need to know to trade today friday may 13: After posting its highest close in nearly two decades at 104.75, the US Dollar Index is trading lower early Friday amid an improving market environment. Euro zone industrial production data will be seen for a fresh boost ahead of export price index […]
Cryptocurrency market recovers – At + 10% Bitcoin, Luna value is zero
LAST UPDATE 12:30 The collapse of stablecoin TerraUSD sparked widespread panic in the cryptocurrency space, but things seem to have calmed down significantly. Terraform Labs has suspended, launched and resumed the Terra blockchain in the wake of the collapse of TerraUSD and Luna. The developers working on the blockchain tweeted that the second suspension was […]
Panic in the cryptocurrency market subsides, Tether stabilizes
On Wednesday, the collapse of stablecoin TerraUSD sparked widespread panic in the field of cryptocurrencies. But 24 hours later, things have calmed down significantly. Terraform Labs has suspended, launched and resumed the Terra blockchain in the wake of the collapse of TerraUSD and Luna. The developers working on the blockchain tweeted that the second suspension […]
Forex Today – Asian Session: Goodbye easy money, hello carry trade?
What you should know on Friday, May 13: The US dollar soared thanks to risk aversion. Panic selling hit stocks and crypto hardest as speculative interest priced in the massive quantitative tightening. More and more central bankers are hinting at established measures to drain liquidity. European Central Bank officials continue to pave the way for […]
TerraUSD: A cryptocurrency collapse that would be a cause for concern for markets
By Aaron Brown The US financial markets and top regulators have focused on the fight in recent days by the stablecoin algorithm TerraUSD to return to its “locked” exchange rate against the dollar ($ 1 Terra = $ 1) after the cryptocurrency fell below 70 cents on Monday. Investors should be interested in the case, […]
