Business

On Friday, South Korea‘s finance ministry announced plans for swift and firm measures in response to significant fluctuations in the foreign exchange market.  The ministry is prepared to deploy a market stabilization fund totaling 94 trillion won ($68 billion) if necessary to ensure financial stability, according to a statement that included remarks from Finance Minister Choi Sang-mok.  “The minister highlighted …

Tesla shares hit their lowest point in over a year on Thursday following a report from Deutsche Bank that expressed concerns about the company’s shift towards autonomous vehicle technology amid financial pressures.  The shares of the company led by Elon Musk dropped by 2.7% to $151.26 after the bank changed its recommendation for the stock to “Hold” and lowered its …

JPMorgan Predicts Bitcoin Price Decline Post-Halving, Citing Overvaluation and Market Saturation According to analysts from JPMorgan, Bitcoin‘s price is anticipated to decline following the upcoming halving event, as the potential impact is believed to have already been integrated into its current market price. In a report released on Wednesday, the team led by Nikolaos Panigirtzoglou expressed skepticism about a post-halving …

Blur maintained its position as the top non-fungible token (NFT) marketplace in the first quarter of this year, achieving $1.5 billion in NFT trading volume. Despite this, Magic Eden saw a significant increase in market share in March, with its trading volumes for NFTs exceeding those of Blur. According to a CoinGecko report, Blur led all marketplaces with a total …

Roger Stone, a prominent Republican strategist and former adviser to Donald Trump’s 2016 campaign, has boosted the meme coin TRUMP with his endorsement, leading to a 17% spike in its value despite a broader slump in the cryptocurrency sector. In contrast, another meme token called BODEN also saw a significant 9% increase in value against the U.S. dollar over the …