Recent reports indicating a decline in the Purchasing Managers’ Index (PMI) should serve as a wake-up call for policymakers and investors alike. Manufacturing activity has now been contracting for three consecutive months, and for the first time in nearly a year, service activities are also experiencing a contraction. These trends are not just passing phenomena;
Crypto
In the realm of decentralized finance (DeFi), the Sui network has surged to prominence with unparalleled enthusiasm, marking a notable breakthrough in first-quarter 2025. It reported an average daily DEX volume of $304.3 million, representing a striking 14.6% quarterly increase that showcases the network’s burgeoning potential. One cannot help but be excited about such impressive
Ethereum clings to a precarious position as it battles a seemingly endless period of stagnation, finishing the week with a minor retreat of 1%. Since early May, the cryptocurrency has been churning in a tight range just above the pivotal support level of $2,400. To enthusiasts and investors alike, this dull market behavior offers both
Recent data indicate a notable trend in Bitcoin (BTC) transactions—a significant withdrawal of BTC from centralized exchanges. On an early June day, a staggering 22,500 BTC were taken offline, showcasing a decisive shift among large holders toward securing their investments in private wallets. This is not a trivial statistic but an indication of a deepening
In an era marked by rapid technological advancement and shifting financial landscapes, Bitcoin (BTC) is currently experiencing an intriguing downturn—trading almost 7% below its all-time high. While many investors might view this as a cause for concern, those with a discerning eye will recognize this dip as a golden opportunity to enter the market. Bitcoin
In a bizarre twist in the world of cryptocurrency, Donald Trump Jr. has vehemently denied any connection to the recently unveiled ‘Trump Wallet.’ Instead, he hinted at an alternative crypto wallet being developed in collaboration with World Liberty Financial. What initially seemed like an exciting opportunity for Trump supporters quickly unraveled into confusion and controversy.
The Ethereum Foundation’s decision to terminate members of its research and development team marks a pivotal moment for one of the most influential entities in the blockchain space. This bold move is framed as a response to persistent technological challenges that could potentially jeopardize Ethereum’s preeminence among cryptocurrencies. It was a moment of clarity amid
Changpeng Zhao, popularly known by his initials CZ, is stirring the pot in the world of decentralized exchanges (DEXs) with his new proposal to mask order books and user positions. While striving to protect traders from practices like front-running and liquidation targeting, CZ’s notion of employing methods akin to traditional finance (TradFi) may inadvertently compromise
Bitcoin, the flagship cryptocurrency, recently encountered significant selling pressure at the psychologically crucial level of $111,000. This resistance point was anticipated as traders flocked to profit from what many saw as a potential breakout—a scenario that quickly turned sour when the asset faced a bearish rejection. The intricacies of this price action reveal not just
Ethereum’s recent performance presents a baffling conundrum for investors. With prices rallying over 44% this month, one would expect a decisive break above the $2,750 resistance level. Instead, the altcoin remains ensnared, struggling to make any significant upward progress. This persistent stagnation highlights deeper issues lying beneath the surface of Ethereum’s perceived resurgence. The cryptocurrency