November 13, 20240 Comments

Oil prices edges higher ahead of US CPI; remain near 2-week lows By Investing.com

Investing.com — Oil prices rose slightly Wednesday, hovering just above two-week lows after the OPEC cut its demand outlook again, while focus rturned to inflation data out of the US. AT 07:50 ET (12:50 GMT), rose 0.1% to $71.99 a barrel, while gained 0.2% to $68.23 a barrel. Oil prices were nursing steep losses over the past three sessions after fresh fiscal measures from China largely underwhelmed, while fears of

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November 13, 20240 Comments

Arthur Hayes Says AI Agents a ‘New Lifeforce’ Entering Crypto Space – Here’s What He Means

The chief investment officer of the Maelstrom Fund family office and BitMEX co-founder Arthur Hayes is saying that artificial intelligence (AI) agents and crypto assets are a natural fit. In a Bankless interview, Hayes says that AI memecoins are a “completely new life force” that is entering the cryptocurrency industry. “I think that AI agents will be able to fill all anti-money laundering and know-your-customer forms, so they’re all digitized

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November 13, 20240 Comments

Crypto Rebound or New Bull Run? Analyzing 4 Altcoins Performance

As the global cryptocurrency market cap eyes $3 trillion, the recent increase in Bitcoin price to an all-time high of $89,000 has sparked excitement of a new bull run, preparing the stage for altcoin’s renewed optimism. Among the leading performers are Peanut the Squirrel (PNUT), Rexas Finance (RXS), Bonk (BONK), and XRP—all witnessing substantial price fluctuations. Here’s a breakdown of these four altcoins, examining the factors behind their increase and

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November 13, 20240 Comments

Sui Price Eyes 50% As Network Volume Soars Past $28B

Sui (SUI) price, a prominent layer-1 blockchain, recently experienced a significant surge in its market value, highlighting robust performance and strong investor interest. The cryptocurrency has displayed a clear bullish trend, suggesting the potential for continued gains after reaching a new all-time high. As demand grows, this momentum reflects increased confidence and optimism within the market, with Sui’s decentralized exchange (DEX) volume now reaching an impressive $28 billion. Sui Price

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November 13, 20240 Comments

HIPPO Price Rockets 65% As Binance Lists Sudeng, Rally To Sustain?

Sudeng (HIPPO) and X Empire prices witnessed phenomenal gains on Wednesday, nabbing the attention of crypto market enthusiasts globally. As the crypto exchange giant Binance unveiled futures listing for the mentioned cryptos, a bullish market bubble appears to have swallowed the tokens. Meanwhile, traders also appear to have reacted positively to the listing announcement, given the one of the coin’s intraday trading volume soared 102% at the time of reporting.

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November 13, 20240 Comments

Dow, S&P 500, Nasdaq poised to drop as inflation worries rise

US stock futures drifted lower on Wednesday ahead of fresh consumer inflation data, as investors weighed whether a Donald Trump White House would whip up price pressures. Dow Jones Industrial Average futures (YM=F) fell roughly 0.3%, coming off a steep slide as stocks closed lower across the board. Contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) also shed 0.3%. Inflation has taken center stage again after

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