Meta Market Cap Returns Above $1 Trillion on AI Bets
Key Insights Meta’s market cap reclaimed $1 trillion level on Wednesday, hitting milestone for second time ever. Comes as stock…
North Korea Hackers Stole Over $1 Billion in Crypto in Record Heists
Key Insights North Korea-tied hackers attacked record 20 crypto platforms in 2023, stealing over $1 billion. Figure is down from…
Microsoft Touches $3 Trillion Value on Bullish AI Bets
Key Insights Microsoft’s market cap exceeded $3 trillion intraday Wednesday as shares rose over 1% to a record $404. Comes…
Nigerian Equities Face Risks of Correction in 2024 – Analyst
Key Insights Cowry Asset Management MD expects potential downward price adjustment in Nigerian stocks amid 2023 rally. Overvaluation, fixed income…
China Injects $139 Billion in Bank System to Revive Slowing Economy
Key Insights China cutting bank reserve requirements by 50 bps starting Feb 5, releasing $139 billion into financial system. Move…
JPMorgan Sees Gloom Ahead, Downgrades Coinbase Stock Rating
Key Insights JPMorgan analysts downgraded Coinbase’s stock to “underweight” amid declining crypto prices. They predict share struggles as spot bitcoin…
ATFX Renamed Australia Unit Rakuten Securities
Key Insights ATFX completed rebrand of its Australian subsidiary Rakuten Securities Australia to AT Global Markets (Australia) New branding consolidates…
OKX to Compensate Users after 48% Token Flash Crash
Key Insights OKX token crashed 48% to $25 in 15 minutes due to cascading liquidations but swiftly recovered. OKX exchange…
Has Bitcoin Price Surge Exhausted Itself? Key Indicator Suggests Yes
Key Insights The GMMA indicator that signaled bitcoin’s 70% price surge in October is about to flash a bearish signal.…
Yen Rebounds As BoJ Nudges Toward Rate Hike in April
Key Insights BoJ lowered 2023 core inflation outlook to 2.4% but said likelihood of hitting target has “gradually risen”. Upgraded…