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Posts published in “Uncategorized”

Biden says support for Israel and Ukraine is ‘vital’ for US security, will ask Congress for billions

Skip to Main Content Politics “It’s a smart investment that’s going to pay dividends for American security for generations." U.S. President Joe Biden pauses during a meeting with Israeli Prime Minister Benjamin Netanyahu to discuss the war between Israel and Hamas, in Tel Aviv, Israel, Wednesday, Oct. 18, 2023. (Miriam Alster/Pool Photo via AP) AP

BlackRock spot bitcoin ETF approval could catapult BTC to $56,000 – Matrixport

Bitcoin’s (BTC) price could surge to as high as $56,000 if the U.S. Securities and Exchange Commission (SEC) approves BlackRock’s application for a spot exchange-traded fund (ETF), per an Oct. 19 research note by Matrixport shared with CryptoSlate. The prediction is based on the projection that the U.S...

The 10-year breakeven inflation rate has reached the second-highest level in 2023

Quick Take Since 2010, the U.S. financial landscape has primarily been marked by the Consumer Price Index (CPI) inflation rate outpacing the federal funds rate. However, this trend experienced an exception in 2019, and interestingly, in May 2023, when the country entered a period of positive real rates – a scenario where the federal funds

OpenAI eyes $86 billion valuation amid insider share sale

Artificial intelligence (AI)-focused startup OpenAI’s valuation could soon soar to as much as $86 billion as the company is reportedly planning to conduct a tender offer allowing its current employees to sell their shares, Bloomberg reported on Oct. 19. A tender offer allows employees and existing company shareholders to convert their holdings into cash...

Amid market turbulence, OKX and Bitstamp reflect Bitcoin’s volatile exchange climate

Quick Take In the face of contemporary geopolitical instability and market unpredictability, Bitcoin exchanges are experiencing intense volatility in their inflows and outflows. OKX Exchange, for instance, yesterday, Oct. 18, saw the largest Bitcoin inflow in almost three years, with approximately 8,000 Bitcoin valued at around $224 million...