Category: economy

economyfinance

Standard Chartered Predicts Bitcoin Could Stay Above $100,000 Amid Positive Developments

TLDR Standard Chartered believes Bitcoin may never drop below $100,000 again. Improved U. S.-China trade talks have lifted Bitcoin’s price potential. Bitcoin’s gold ratio and ETF inflows signal positive market sentiment. A rate cut by the Fed could help Bitcoin maintain its value above $100K. Standard Chartered Bank has suggested that Bitcoin might not fall below [.] The post Standard Chartered Predicts Bitcoin Could Stay Above $100,000 Amid Positive Developments appeared first on CoinCentral.

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economyfinance

Notable ETF Outflow Detected – EMB

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares J. P. Morgan USD Emerging Markets Bond ETF (Symbol: EMB) where we have detected an approximate $163. 7 million dollar outflow — that’s a 1. 1%.

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BusinesseconomyfinanceTechnology

Ant Group Files Trademark for AntCoin in Hong Kong as It Eyes Crypto Expansion

TLDR Ant Group filed for “AntCoin” trademark in Hong Kong, signaling crypto plans. The trademark covers stablecoin issuance, lending, and blockchain services. Hong Kong’s new stablecoin regulations align with Ant Group’s crypto ambitions. Ant Group’s chairman to discuss crypto at Hong Kong FinTech Week next week. Ant Group, the fintech subsidiary of Alibaba and operator [.] The post Ant Group Files Trademark for AntCoin in Hong Kong as It Eyes Crypto Expansion appeared first on CoinCentral.

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economyfinancelawlegalTechnology

WazirX XRP Redistribution Blocked by Indian Court After $230 Million Hack

TLDR The Madras High Court blocked WazirX from redistributing a user’s 3, 532 XRP tokens under the exchange’s loss socialization plan following a July 2024 hack that resulted in $230 million in losses. The court ruled that cryptocurrency qualifies as property capable of being held in trust, establishing that crypto assets belong to users and not [.] The post WazirX XRP Redistribution Blocked by Indian Court After $230 Million Hack appeared first on CoinCentral.

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