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One of the clearest indicators of where the market is heading is in whale activity, and whale trading drives market movement. Recent on-chain data reveals some surprising trends. The whales that once supplied Dogecoin are now accumulating RCO Finance at an unprecedented pace.Although the price of Dogecoin has not been able to rise significantly, RCOF is showing an increase in capital flows. Whale is attracted to the project’s potential due to its utility services, AI in cryptocurrencies, and the fusion of DeFI and TradFI.RCO Finance’s main selling point is its robo-advisor, an AI-driven tool that analyzes the market and adjusts…

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City.Angela Weiss | AFP | Getty ImagesStock futures were little changed Thursday night as investors awaited big inflation indicators and quarterly results from big banks.Futures tracking the S&P 500 rose 0.1% and Nasdaq 100 futures rose 0.1%. Futures tied to the Dow Jones Industrial Average added 43 points.The move comes on the heels of a day of declines in major averages, with the S&P 500 and Dow 30 setting record lows in Thursday trading. The overall market index…

The U.S. Securities and Exchange Commission (SEC) charged Cumberland DRW with operating as an unregistered dealer. The SEC alleges that Cumberland sold more than $2 billion in crypto assets since 2018 without complying with federal registration requirements. The SEC’s complaint focuses on Mr. Cumberland’s activities as a self-employed trader and his trades on third-party crypto exchanges. The agency is seeking permanent injunctive relief, disgorgement of benefits, prejudgment benefits, and civil penalties against the company. According to the SEC, five tokens traded by Cumberland, Polygon (MATIC), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL), are considered securities. The complaint states…

We recently compiled a list of Goldman Sachs Mutual Fund Managers’ Favorite Stocks: Top 20 Stocks. In this article, we’ll take a look at where CrowdStrike Holdings (NASDAQ:CRWD) ranks among the list of stocks that mutual funds are buying, according to Goldman Sachs.As we enter the fourth quarter of 2024, the market is back to the debate about the Federal Reserve’s interest rate cuts. In late September, Wall Street received some much-needed optimism after the Federal Reserve began a cycle of 50 basis point (bp) rate cuts. Since the day of the rate cut and the end of September, the…

According to local media reports, South Korea’s Financial Services Commission (FSC) announced on October 10 the establishment of a virtual asset committee to deal with the approval of spot crypto exchange-traded funds (ETFs) in the country.This committee will serve as an advisory body aimed at providing comprehensive oversight and guidance to the cryptocurrency industry. It will be led by FSC Vice-Chair Soyoung Kim and include representatives from relevant government departments and nine private sector members.Additionally, the Virtual Assets Committee will address key issues in South Korea’s digital asset sector, such as the authorization of corporate accounts.Bitcoin (BTC) and other crypto…

With all eyes on China right now, one fund manager is bullish on China and says investors should get involved in any “bazooka” stimulus package. Stephen Glass, managing director and analyst at Sydney-based Pella Funds Management, said the Chinese market would continue to improve regardless of the announcement of a major economic stimulus package. Starting September 24, China announced a series of economic stimulus measures aimed at revitalizing the Chinese economy. However, investors were disappointed at Tuesday’s National Development and Reform Commission meeting as no major new measures were announced when markets reopened after the Golden Week holiday. After the…

AMD actually had some good news for investors today. So why did AI stocks fall? Advanced Micro Devices (AMD -4.00%) stock fell on Thursday following the company’s Advancing AI conference. The semiconductor specialist’s stock price ended the day down 4%. AMD’s Advancing AI conference featured new product announcements and promising sales metrics, but the drop in the company’s stock likely reflects a “buy the rumor, sell the news” dynamic. In other words, any bullishness from new products or partnerships was likely already priced in, and investors locked in profits in conjunction with the company’s conference. In fact, AMD announced good…

Following the market crash in early October, top altcoins such as Litecoin (LTC) and Tron (TRX) turned green. However, despite this resurgence, top addresses are actively selling these tokens. Interestingly, the investors behind these top addresses have shifted their attention to a new Ethereum pre-sale altcoin, RCO Finance (RCOF). Why are the top Litecoin (LTC) and Tron (TRX) addresses selling their holdings and buying RCO Finance (RCOF)? Let’s find out! Litecoin rises 2% in one week: will the bulls continue? Litecoin has shown decent performance over the past seven days. On October 2nd, LTC began trading at approximately $63.99. After…

And now the airline giants appear to be bleeding money. According to economic analysis and modeling firm IMPLAN, as of September 27, the strike by 33,000 workers had reduced U.S. GDP by $1 billion. Boeing Co. on Tuesday called off ongoing negotiations with striking workers, accusing the International Association of Mechanical and Aerospace Workers (IAM) of making unreasonable demands, and halted its previous round of 30% pay raises over four years. The proposal was withdrawn. As a result, Wells Fargo expects Boeing to sell between $10 billion and $15 billion in new stock to make up for lost profits, according…

Dogecoin, the popular dog-themed meme coin, has defied today’s broader crypto market weakness, increasing in price by 0.39 percent to trade at $0.1044 at the time of writing. Despite this modest rise, it is essential to understand that this altcoin’s journey has not been an easy one. Earlier this week, on Monday, the cryptocurrency retested the key resistance level around $0.115, but was unable to maintain its momentum and experienced a decline of just 10%. Following this decline, the token has fallen below the 50 SMA at $0.1057, suggesting potential downside pressure in the short term. However, following this decline,…