Category: Featured
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US Economy Nears Fed’s Inflation Target, Interest Rates to Fall in 2024
A Promising Economy in 2023 The year 2023 was characterized by a robust economy, prompting many economists to believe that the US is on the verge of achieving the much-anticipated soft landing. However, as the country prepares for the 2024 presidential election, there is still widespread pessimism surrounding the state of the US economy. Contrasting […]
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S&P 500 on Track for Rare Year of Huge Gains in 2023
A rare occurrence for the S&P 500 The S&P 500, consisting of 500 U.S. companies, was established in its current form in 1957. Throughout its 66-year existence, the index has experienced positive annual gains approximately 70% of the time. While down years are not uncommon, positive years are more prevalent. However, what is considerably rare […]
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‘The Christmas & New Year Stock Market: Reduced Volumes, Year-End Adjustments & Holiday Sentiment’
1. Reduced Trading Activity during the Christmas and New Year’s Week Trading activity tends to slow down significantly during the Christmas and New Year’s week. Many traders and investors take time off to celebrate the holidays, leading to decreased liquidity in the markets. Lower trading volumes can result in increased volatility, as there are fewer […]
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Blockchain: Revolutionizing Music Distribution, Ownership, and Fan Engagement
Enhancing Music Distribution and Ownership Traditionally, a few major players have dominated the music industry, leaving artists with limited control and earnings. However, blockchain provides a direct link between artists and their audience, enabling artists to sell their music directly to fans. This eliminates intermediaries and allows artists to retain a larger share of their […]
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SEC Acknowledges Errors in Fraud Case Amid Dispute with Defendants
Temporary Restraining Order Obtained by SEC In an effort to halt DEBT Box’s activities, the SEC managed to obtain a temporary restraining order (TRO) and asset freeze. The commission argues that the company and its founders were using investor funds to make luxury purchases and transfer money to overseas accounts. Motion to Dissolve Restraining Order […]
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Bullish Sentiment Soars as Top Holders Reduce Crypto Supply on Exchanges
Fetch.ai (FET): Significant Decrease in Exchange Holdings The top 10 wallets holding Fetch.ai (FET) tokens have notably reduced their positions on exchanges by a substantial 26.1% over the past three months. This suggests that large holders of Fetch.ai are either storing them in private wallets or utilizing them for other purposes instead of keeping them […]
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Hong Kong’s SFC Ready to Accept Applications for Spot Crypto ETFs
Introduction Hong Kong’s Securities and Futures Commission (SFC) and Monetary Authority have recently announced their willingness to accept applications for spot crypto exchange-traded funds (ETFs), expanding beyond existing crypto futures ETFs. This move showcases Hong Kong’s commitment to creating a crypto-friendly environment and positioning itself as an attractive hub for cryptocurrency businesses. Application Requirements and […]
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Cryptocurrency Protocol Paraluni Falls Victim to Major Price Manipulation Attack
Understanding Price Manipulation in the Crypto Market Price manipulation in the world of cryptocurrencies involves artificially inflating or deflating the price of digital assets to benefit specific stakeholders while harming the wider user base. This can be achieved through spreading false information, wash trading, or exploiting vulnerabilities in protocol design. Though the exact method of […]
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SEC Takes Action to Regulate Basis Trade Amid Concerns of Market Risks
Concerns and Response to Basis Trade In August, the Federal Reserve staff highlighted the need for careful surveillance of leveraged Treasury trades by hedge funds, citing their potential role in the market turbulence of March 2020. Strategists, such as Steven Zeng of Deutsche Bank, also expressed concerns about the ramifications of sudden unwinding of basis […]
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The Only Santa Claus Rally with Strong Statistical Support: Bet on a Higher Market
Market Patterns and Investor Behavior During this period, many investors prefer to shift their focus away from the markets. They spend time with family, reflecting on the closing year and the new one on the horizon. This behavior partially explains why the Santa Claus Rally, unlike most other patterns, remains intact. Once discovered, patterns often […]