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US stocks drop for a second dayNEW YORK, NEW YORK – OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty ImagesStocks fell for a second day Tuesday as a jump in U.S. government bond yields overshadowed a solid start to the third-quarter earnings season.The Dow Jones Industrial Average shed 0.3%, the S&P 500 slipped 0.3% and the Nasdaq Composite pulled back by about 0.1%.It comes as cautious commentary from Federal Reserve officials on the path of interest rate cuts has pushed yields higher.The U.S. 10-year Treasury note yield briefly climbed above 4.2% earlier in…
(The stream is scheduled to begin at 11:40 a.m. ET. If you don’t see the player above at that time, please refresh the page.)Tether CEO Paolo Ardoino is scheduled to speak Tuesday at the DC FinTech Week conference at Fannie Mae headquarters in Washington, D.C.Tether is the company behind USDT, the largest stablecoin pegged to the US dollar. According to CoinMarketCap, it is the third largest cryptocurrency by market capitalization. According to CryptoQuant, USDT accounts for approximately 71% of the USD-backed stablecoin market, with a market capitalization of approximately $120 billion.Tether has come under fire for its lack of transparency,…
(The stream is scheduled to begin at 11:40 a.m. ET. If you don’t see the player above at that time, please refresh the page.) Tether CEO Paolo Ardoino is scheduled to speak Tuesday at the DC FinTech Week conference at Fannie Mae headquarters in Washington, D.C. Tether is the company behind USDT, the largest stablecoin pegged to the US dollar. According to CoinMarketCap, it is the third largest cryptocurrency by market capitalization. According to CryptoQuant, USDT accounts for approximately 71% of the USD-backed stablecoin market, with a market capitalization of approximately $120 billion. Tether has come under fire for its…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The price of the popular cryptocurrency XRP may be on the verge of crashing. Such an assumption is…
New York, NY, October 22, 2024 (Globe Newswire) — The continued evolution of Ethereum’s staking ecosystem brings significant market speculation, an increase in validators, and a Shanghai upgrade that optimizes staking. significant growth has been fueled by major upgrades. This increase reflects strong user confidence in Ethereum’s PoS reward system, encouraging more participants to stake their ETH. Centralization of staking and market trends Centralization continues to be an issue as Ethereum staking activity increases. Lido, a major player in this space, has increased its stake from 8.8 million to 9.8 million ETH since September 2023, accounting for a significant portion…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. With profitability reaching a bullish 80%, it’s safe to say that Dogecoin has made a huge comeback. This…
As Bitcoin faces a recent roadblock in its recovery and falls below $68,000, CryptoQuant shares six important charts to watch next week. Bitcoin rose 11% last week, jumping from $62,800 to $69,000. However, the price has since returned to $67,000, down just 0.35% in the past 24 hours. According to a recent analysis by CryptoQuant, there are six important charts for investors to monitor as the market prepares for the future in the coming days. Bitcoin Correct Drawdown and Cumulative Return First, CryptoQuant confirmed that Bitcoin is currently just 6% below its all-time high (ATH) of $73,600, which it reached…
Lockheed Martin raises its annual EPS forecast, but sales are struggling. stock slipLockheed Martin Corp. (NYSE:LMT) stock is falling after the company reported mixed third-quarter results.The company reported net sales of $17.104 billion, up 1.3% year over year, missing the consensus of $17.351 billion. Adjusted EPS was $6.84, up from $6.77 a year ago and above consensus of $6.50.Gross profit margin expanded by 24 bps to 12.4%. Operating profit was $2.14 billion, and margin increased 41 bps to 12.5%.Sales in the aviation field were $6,487 million (down 3% year-on-year), and operating profit margin was 10.2%, up from 10% year-on-year. Missile…
SANTA CLARA, CA – MAY 21: A sign will be posted in front of Nvidia headquarters in Santa Clara, CA on May 21, 2024… (+). Chipmaker Nvidia is scheduled to announce its first quarter results on Wednesday, May 22nd. (Photo by Justin Sullivan/Getty Images)Getty Images SEC, DOJ upholds NVIDIA crypto revenue lawsuit, digital court defends At a pivotal time for corporate accountability in the crypto industry, a class action lawsuit accusing NVIDIA of concealing more than $1 billion in GPU sales to crypto miners has been filed by the U.S. Securities and Exchange Commission (SEC). and the Department of Justice.…
Popular blockchain analytics platform Dune has integrated the NEAR protocol, a fast-growing layer 1 network focused on scalability and interoperability. Developers and crypto analysts can now access easy-to-read insights directly from the NEAR network. According to current Dune data, NEAR’s daily active users have jumped from 1 million at the beginning of the year to more than 3 million as of mid-October. Meanwhile, DeFi TVL grew from $90 million to $240 million, and the value of stablecoins soared from $31 million to over $650 million over the same period. Additionally, with the introduction of metatransactions, users can now perform transactions…