With global inflation still at high levels, many central banks expected to keep raising borrowing costs to limit price pressures.
Tether’s USDT, Circle’s USDC and Binance’s BUSD alone have a combined market cap of roughly US$140 billion, making their movements in traditional financial markets increasingly important and significant.
Stablecoin issuers such…
As the property crisis worsens in China, Beijing’s hand has been forced and Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with…
The latest MLIV Pulse survey, ahead of the central banker conclave at Jackson Hole, Wyoming next week, saw 68% of respondents anticipating the most destabilizing era of price pressures in…
SBI Holdings (+0.25%), Japan’s biggest online brokerage, said it will shut crypto-mining operations in Russia, adding to the churn in the region sparked by the threat of U.S. sanctions.
The minutes from the Fed’s July meeting released Wednesday showed officials agreed on the need to dial back the pace of rate increases at some point, but what that point…
Investors are watching with growing concern as an avalanche of US$2 trillion worth of options are due for expiry today, possibly upsetting what has been a relatively quiet August for…
Although cryptocurrencies have benefited in recent weeks, the bulk of gains have been erased this week on release of the Fed’s meeting minutes, suggesting that investors shouldn’t take their risk…
A worsening property slump and Covid lockdowns in July continued to curb business and consumer activity, dampening sentiment and deepening China’s slowdown.
Investors hoping for a reprieve were left disappointed when minutes from the Fed’s most recent meeting revealed that policymakers saw little sign of inflation improving, even though headline inflation was…