Crypto
Standard Chartered Calls for $120k BTC in 2024, But it Has Been Wrong Before
Standard Chartered has increased its 2024 year-end price target from Bitcoin to $120,000.
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Market Analysis
Crypto
After $275M FTX Loss, Temasek to Avoid Crypto Citing Regulatory Uncertainty
Temasek says it would be "very difficult" to make another crypto investment.
Market Analysis
How Coinbase Became a Beneficiary of Six Bitcoin ETF Applications
Despite the SEC’s entanglement, Coinbase secured the go-to status for Bitcoin ETF applications.
Market Analysis
China Home to 15% of Asian Crypto Workforce: Report
China accounts for 15% of Asia's crypto workforce, despite its hostile approach toward the industry.
Market Analysis
Digital Asset Funds See Third Consecutive Week of Net Inflows
Bitcoin-related investment products saw $133 million in inflows last week, or 97% of the total amount.
Market Analysis
US Added 209,000 Jobs in June, Lowest Since December 2020
US job growth eased to 209,000 in June, while unemployment rate fell from 3.7% to 3.6%.
Market Analysis
US Labour Market Strong Despite 500 BPS Interest Rate Hike Since 2022
Private companies in the US added 497,000 new jobs in June, up from 267,000 in May.
Market Analysis
Meta Up 1.86% Premarket as Threads Gathers 10M Users in 7 Hours
The launch of Threads comes as Twitter has introduced numerous dramatic changes to its platforms.
Policy
New York Enforces Law to Remove Discrimination in AI Hiring Algorithms
A new law that aims to address bias risks associated with AI hiring algorithms has come into effect in New York City on Wednesday.
Market Analysis
Meta’s Threads Can Have a Larger User Base than Twitter, But There’s a Catch
Meta's Threads will collect data from users' phones, including location data, purchases, and browsing history.
Market Analysis
China Responds to US Chip Ban By Restricting Export of Critical Materials
Reacting to the US export controls on computer chips, China responds in kind.
Market Analysis
Digital Asset Funds See $125M in Weekly Inflows Despite SEC’s ETF Stance
Crypto investment funds attracted strong inflows last week of $125 million.
Market Analysis
Apple’s Market Cap is Now Bigger than Five Sectors of the S&P 500
Apple has become the first corporation in the world to finish a trading session with a market cap of over $3 trillion.