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Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2024 in New York City.Michael M. Santiago | Getty ImagesStock futures were little changed Monday night after a day of losses on Wall Street as rising oil prices and bond yields weighed on the market.Dow Jones Industrial Average futures fell 33 points. S&P 500 futures and Nasdaq 100 futures also traded almost flat.After-hours trading occurs after the day the stock price becomes negative. The Dow Jones Industrial Average ended the day down nearly 400 points, and the S&P 500 index fell nearly 1%.…
Monday’s Biggest S&P 500 Movers 2 hours 58 minutes ago refuser Significant damage from Hurricane Milton, which is expected to hit Florida’s Gulf Coast this week, weighed on insurance stocks. Shares of Everest Group (EG), a provider of insurance and reinsurance contracts, fell 8.5%, the biggest decline among stocks in the S&P 500. Shares of fellow Bermuda-based insurance and reinsurer Arch Capital Group (ACGL) fell 6.2%, while auto, lifestyle and home insurer Assurant (AIZ) fell 5.5%. Employees board their workplaces ahead of Hurricane Milton’s expected landfall in St. Petersburg, Florida, United States, Monday, October 7, 2024. Tristan Wheelock/Bloomberg/Getty Images Shares…
Digital asset management firm CoinShares said institutional investors in cryptocurrencies withdrew hundreds of millions of dollars from crypto products last week. In its latest digital asset fund flow report, CoinShares said institutional outflows from crypto investment products surged last week to the tune of $147 million, but this is due to a stronger-than-expected economy. It said this was likely due to the indicators reducing the likelihood of a significant rate cut. “Last week, there were small outflows totaling USD 147 million from digital asset investment products. Weakening investor sentiment was driven by stronger-than-expected economic data last week, reducing the likelihood…
Experts predict that some cryptocurrencies will grow significantly by 2025 as the crypto market evolves. XRP price, Dogecoin (DOGE), and RCO Finance (RCOF) are poised for significant upside, with predicted prices of $10, $1, and $1, respectively. This article examines the potential factors behind these predictions. Cryptocurrency markets are unpredictable, but understanding these trends can inform your investment strategy. What are the factors driving the growth of DOGE, XRP and RCOF? Let’s take a look! XRP price target is $1 million, but short-term decline is expected Quincy Jones, a well-known software developer from the XDC Foundation, shocked the cryptocurrency community…
There has been some bullish news for Bitcoin in recent days. However, a recent Supreme Court ruling could dampen the mood, as the US government received permission to proceed with the sale of 69,370 BTC related to the Silk Road market. This is important because a selloff of this magnitude could put significant selling pressure on the flagship cryptocurrency. Bitcoin News: US Government May Sell 69,000 BTC The US government could soon sell more than 69,000 BTC after the Supreme Court rejected a credible motion in the Battle Born Investments case against the US. This Bitcoin news may have a…
If the new proposal is approved, Ethereum will be 50% faster and more DEX efficient. EIP-7781 has already gained support from key members within the Ethereum community. Ethereum continues to consolidate below the $2,500 level after hitting the Doge candle. Ethereum (ETH) is up slightly by 0.1% on Monday following the appearance of the Doge candle, indicating that the price trend may be reversing. This potential price change is based on the new Ethereum Improvement Proposal (EIP) EIP-7781, which aims to reduce slot times and increase network speeds by approximately 50%. Ethereum’s new proposal to improve throughput and DEX efficiency…
Posted October 7, 2024 at 4:21 PM ET. A U.S. bankruptcy court on Monday approved a reorganization plan for bankrupt cryptocurrency exchange FTX, with $14.7 billion to $16.5 billion of recovered assets to be distributed to FTX creditors. Many investors expected these distributions to quickly lead to increased demand and higher prices for cryptocurrencies, as creditors use the recovered funds to reinvest in digital assets. However, the reality is much more complex. Kyle, who is known as an advocate for FTX’s creditors, said that even if U.S. Bankruptcy Judge John Dorsey approves the reorganization plan, distributions will not be made…
The U.S. Supreme Court on Monday refused to hear a case over the ownership of 69,370 bitcoins seized from the dark web market Silk Road, paving the way for the U.S. government to sell off the $4.38 billion stash of bitcoins in question. Looks like it’s open.In 2022, a federal court in California issued a judgment against Battle Born Investments, which claimed to have purchased rights to seized Bitcoin through a bankruptcy estate. Battle Born claimed that Raymond Gunn, the debtor in the bankruptcy case, was a mysterious “Individual X” who stole billions of dollars worth of BTC from Silk…
Dogecoin accumulation by whales has increased significantly, with large holders adding more than 2 billion DOGE in the past two weeks, indicating growing confidence. DOGE’s daily trading volume has also doubled to more than $700 million, and analysts are predicting a significant bull market ahead. After a bearish start to last week’s October, the broader crypto market made a strong comeback on Monday. As of today, the memecoin sector is doing very well, with Dogecoin (DOGE) gaining traction. Earlier today, Dogecoin (DOGE) price soared nearly 7% to $0.115, giving it a market cap of over $16.3 billion. Additionally, DOGE’s daily…
A new proposal for Ethereum, one of the most famous networks in the industry, is expected to significantly increase throughput by as much as 50%. In fact, EIP-7781 also aims to significantly reduce blocking times if approved. Specifically, it saves a significant 4 seconds and improves efficiency.Technological developments are increasing the ability of numerous newtorsks to compete with Ethereum. Cardano and Solana remain competitive, with the former receiving significant updates. However, new proposals could secure Ethereum’s place in a growing industry.Also read: Ethereum falls 15% amid Middle East crisis: Key insights for tradersA new Ethereum proposal could significantly change the…