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US Share of World Economy Projected to Reach Historic Low
13.10.2024
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share...
Bitcoin Takes Another Shot at $63.5K as China's Vague Fiscal Stimulus Deters Capital Shift
12.10.2024
China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital flows into Chinese equities
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement
11.10.2024
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
11.10.2024
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
11.10.2024
Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
10.10.2024
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull...
BRICS More Attractive Than EU, Says Serbia’s Vulin
10.10.2024
Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not impose political conditions like the EU, stressing cooperation based on respect...
Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
9.10.2024
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure
Taiwan to trial crypto custody services through local banks in 2025
9.10.2024
Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025
Bitcoin Trapped Between 50 and 200-Day Averages as Bond Market Volatility Spikes, China Stocks Slide
9.10.2024
The MOVE index, which measures expected volatility in U.S. Treasury notes, spiked to the highest since January, hinting at tighter financial conditions ahead
China Strengthens Russia Partnership via BRICS and SCO Cooperation
9.10.2024
China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen Yiqin emphasized China’s readiness to bolster...
First Mover Americas: Bitcoin Drops as China's Stimulus Plans Disappoint
8.10.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin due 'capital reallocation' as China halts stimulus — Analysis
8.10.2024
Bitcoin should paradoxically gain from China's stimulus rethink, but "near-term downside" risks remain for risk assets
Bitcoin due 'capital reallocation' as China halts stimulus — Analysis
8.10.2024
Bitcoin should paradoxically gain from China's stimulus rethink, but "near-term downside" risks remains for risk assets
Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans
8.10.2024
The lack of new measures and announcements of new stimulus at a Chinese briefing today pared hopes of a long-drawn stimulus package - one that contributed to a bitcoin run in the past few weeks
Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens
8.10.2024
Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign...
Bitcoin, Asian Equities May Be Losing Capital to China Stocks
7.10.2024
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said
Last Week Featured Bullish Continuation
6.10.2024
This editorial is from last week’s newsletter, Week in Review, with some slight tweaks to dates so the article makes sense. Subscribe to the newsletter to get this editorial the second it’s released, which also includes the biggest stories of the week and a comment on each story. One Week...
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
6.10.2024
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven...
Bitcoin decentralization is a matter of national security — Auradine CEO
4.10.2024
According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024