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…
India Stock Market Now 4th Largest Globally, Topping Hong Kong
Key Insights India’s equity market cap overtook Hong Kong’s for the first time ever, making it the 4th largest globally…
SEC Says SIM Swap Enabled Hacker to Access X Account,
Key Insights The SEC said a SIM swap attack allowed hackers to gain access to its official Twitter account and…
Bitcoin Sinks Below $40k, Pulling Crypto Assets Down in Broad Selloff
Key Insights Bitcoin fell below $40,000 on Monday for the first time in 2022, dragging the crypto market down. Bitcoin…
Collapsed Crypto Firm Terraform Labs Declares Bankruptcy
Key Insights Terraform Labs has filed for Chapter 11 bankruptcy with liabilities of up to $500 million. Move seen allowing…