Morning Bid: Oil boils
Morning Bid: Oil boils
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Silver Price Forecast: Lower high structure holds, bear’s eye $55.00
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66. XAG/USD Price Forecast: Technical Outlook Silver is downward…
New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond
The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State. The New Hampshire councilors voted 3-2 against it, according to reporting from The Boston Globe. The…
North Korean hackers blamed for $290M crypto theft
Over the weekend, hackers stole more than $290 million in cryptocurrency from Kelp DAO, a protocol that allows users to earn yields on idle crypto investments. By Monday, LayerZero, one of the projects affected by the hack, accused North Korea of carrying out the heist. The hack is now the largest crypto theft of the…
Hyundai adopts stablecoins for cross-border treasury transfers
Hyundai, the world’s third-largest carmaker by vehicle sales, moved a stablecoin-based, cross-border, internal remittance system into production readiness on the Avalanche blockchain, becoming the first major South Korean company to do so. “Hyundai is the first major enterprise to publicly announce this type of implementation on Avalanche, but the initiative represents more than a technical…
Retail traders are hyping up XRP and ether during a dip, but history says a crash could be next
Retail traders are piling into XRP and ether while both tokens slip, the kind of crowd behavior that more often precedes further downside than a bounce. XRP drew 3.02 bullish social media comments for every bearish one on Monday, its most positive reading in five weeks, according to Santiment. Ether ran at 2.31 and bitcoin…
Ethereum Foundation dissolves key protocol coordination team
The Ethereum Foundation has dissolved its Protocol Support team as part of a broader restructuring that recently cut about 20% of the nonprofit’s workforce. Summary Ethereum Foundation dissolved Protocol Support after five years coordinating upgrades, developer meetings and fellowship programs worldwide. Several team members lost their roles following the Foundation’s broader 20% workforce reduction announced…
