Finance News

While the BNS adjusts its rates, the franc bulks up its biceps, and bitcoin benefits from the sidelines!

As the cryptocurrency market begins a new phase of acceleration, Ethereum seems to be at the center of attention. The second-largest cryptocurrency by market capitalization has just crossed significant technical levels, generating renewed interest among investors and analysts.

As the battle for supremacy between Bitcoin (BTC) and Ethereum (ETH) continues to dominate discussions within the crypto community, a new element is changing the game. Analyst Leon WAIDMANN from the Onchain Foundation has revealed that Ethereum may have greater growth potential than Bitcoin in the context of transitioning to spot Exchange-Traded Funds (ETFs). This analysis is based on data from Grayscale's products, a leader in crypto management, which has recently converted its trusts into ETFs.

The early return of Changpeng ZHAO, founder of Binance, to the forefront after his surprise release on Friday, September 27, 2024, has shaken the crypto market. After serving a prison sentence for regulatory violations, CZ is released two days ahead of schedule, which immediately impacted the prices of Bitcoin and BNB. This release comes at a time when Binance, the global leader in crypto exchanges, is trying to recover from sanctions imposed by U.S. authorities.

The former president of the European Central Bank, Mario Draghi, has just delivered a crucial report on the future of the European Union's economy. This document, eagerly awaited by observers, presents an alarming assessment and proposes bold solutions to revitalize the competitiveness of the Old Continent.

The global financial landscape continues to transform at a dizzying pace. And Bitcoin, once seen as a risky bet, has gradually established itself as an asset of choice for large institutional investors. Among them, BlackRock, the largest asset manager in the world, marks a new milestone in the adoption of Bitcoin. With new strategic acquisitions, this company has seen its Bitcoin holdings reach nearly $24 billion, thereby confirming its key role in the evolution of the crypto ecosystem.

As the global economy wavers between geopolitical uncertainties and monetary adjustments, one asset continues to attract the attention of investors: Bitcoin. Within hours, the queen of cryptocurrencies has once again crossed the symbolic threshold of $66,000, a performance that not only marks impressive resilience but also a resurgence of optimism in a market seeking direction. Behind BTC, altcoins are also making a strong comeback, with double-digit increases illustrating a general recovery in investors' appetite for risk. Should we view this as a mere rebound effect or the beginnings of a new sustainable bullish phase for the crypto market?

French banks, experts in tax evasion and deforestation, know how to plant the planet and pluck their clients!

Financial markets are holding their breath as all eyes turn to the upcoming key economic indicators from the United States and statements from the Federal Reserve. This is not just a fleeting fluctuation for Bitcoin, but a decisive day that could well influence its price in the short term. After a 2% rebound that brings it back above $64,000, BTC finds itself at a crossroads. Uncertainty is palpable as investors eagerly await the release of the second quarter GDP and speeches from Fed officials, which could provide important clues about the health of the American economy and the future direction of the markets.

OpenAI initiates a historic new phase that redefines the future of Artificial Intelligence. Through its transformation into a for-profit entity, the company, once a pioneer in altruistic AI research, disrupts its founding model. This decision, which represents a profound break in OpenAI's history, occurs at a time when technologies related to Artificial General Intelligence (AGI) occupy a central place in scientific and political debates around the world.

Beijing is pulling out its secret weapon: cash to revive the stock market, and it's heating up all the way to Wall Street!

After the ECB and the Fed, it's the turn of the Chinese central bank to significantly ease its monetary policy. What impact will it have on the stock market and Bitcoin?

In an increasingly polarized world, geopolitical alliances play a crucial role in redefining power balances. North Korea, traditionally isolated on the international stage, seems to be intensifying its efforts to align with economic blocs like the BRICS, amid growing ties with Russia. This strategy could have major implications, not only for Pyongyang's diplomacy but also for global geopolitics. The notable absence of North Korea at the United Nations General Assembly in favor of a BRICS event in St. Petersburg is a warning sign.

Another report on Ethereum ETF options: the American crypto regulator SEC sets new deadlines. The details!

The dominance of the dollar as the benchmark currency in international exchanges is today more questioned than ever. As geopolitical tensions and American economic sanctions multiply, several emerging powers are organizing to reduce their dependence on the greenback. It is in this context that Sergey LAVROV, the Russian Foreign Minister, and Donald TRUMP, the former President of the United States, find common ground in their criticisms of current policies. According to them, the systematic use of the dollar as a sanction tool undermines not only the American economy but also the position of the dollar on the international stage.

Bitcoin in personal wallets, but not yet with clients: financial advisors are quietly playing the trailblazers.

While Bitcoin maintains its position around $63,000, its dominance in the crypto market shows signs of weakness. This situation, far from being trivial, could represent a major development for the crypto market. Indeed, the gradual decline in Bitcoin's market share seems to pave the way for a rise in altcoins, these alternative cryptos that, in parallel, are achieving remarkable performances.

Trade tensions between the European Union and China are taking a new turn. While the economic relations between these two powers are already fragile, a new Chinese investigation targeting European dairy products threatens to exacerbate the situation. Through this accusation that European exports distort competition with what are deemed unfair subsidies, Beijing is opening a new front in this latent trade war. In response, the European Union has approached the World Trade Organization (WTO).

Stock markets are reacting to the rise in oil prices, driven by the Federal Reserve's interest rate cuts.

Bitcoin is regaining altitude, and four factors make it very optimistic for the end of the year and next year.

In an era where the economic future of nations is increasingly tied to technological innovation, the positions taken by political leaders on subjects such as crypto and artificial intelligence (AI) are of great importance. The Vice President of the United States, Kamala HARRIS, made a remarkable statement during a fundraising event on Wall Street. Indeed, she confirmed her intention to promote the growth of digital technologies and ensure consumer protection.

As the market goes through a volatile period, XRP, Bonk, and Dogecoin are at the center of attention for various reasons. XRP, after its partial victory against the SEC, is rekindling hope among investors, although the shadow of a potential appeal continues to loom. Meanwhile, Bonk, an emerging player in the Solana ecosystem, and Dogecoin, the iconic memecoin, are struggling to maintain their technical support in the face of uncertain market dynamics.

Amid revolutionary announcements, technological advancements, and regulatory upheavals, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground of regulatory and economic challenges. Here is a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

As the crypto market continues to fascinate with its dynamism and unpredictability, Ethereum, a pillar of decentralized finance, is at the heart of a new enigma. For several weeks, a strange dissonance has settled within the network: transaction fees are skyrocketing, reaching levels rarely seen since the transition to proof-of-stake, while the number of active accounts has plunged to a historic low for the year.

Bitcoin is playing hopscotch with $65,000, but always ends up gliding. Guaranteed suspense.

Despite increasing economic sanctions, Russia continues to find creative ways to circumvent Western bans. According to the CERA report, the Russian Federation sold nearly 2 billion dollars worth of oil to Western countries through intermediaries. This figure illustrates the ingenuity with which the Kremlin keeps its economy afloat despite the restrictions.

In 2023, Tether, the issuer of the USDT stablecoin, surpassed the largest asset manager in the world, BlackRock, in terms of profits. What seemed improbable a few years ago is today a reality that raises questions. Indeed, this contrast between traditional finance and crypto illustrates a paradigm shift in the way investors perceive stability and profitability. While USDT dominates the stablecoin market, Tether has managed to leverage this momentum to achieve historic performance.

The security of cryptocurrencies is once again at the forefront. In a market recovery context, each growth phase brings an increase in risks, especially for inexperienced investors. As the bullish cycles of the crypto market attract a wave of new users, the temptation to let down one's guard is strong, in light of the enthusiasm generated by centralized exchange platforms. Ian ROGERS, the Chief Experience Officer at Ledger, one of the world leaders in hardware wallets, has warned about the dangers that fund management by intermediaries can entail. This warning is all the more relevant in the wake of scandals related to centralized exchanges like FTX.