• Nov 26, 2024

Crypto mogul Justin Sun invests US$30 million in Trump tokens after banana artwork deal

Chinese cryptocurrency personality Justin Sun, founder of the blockchain Tron, said he invested US$30 million in US president-elect Donald Trump's cryptocurrency project, as the controversial entrepreneur returns to making high-profile moves amid bitcoin's historic climb. Sun earlier this week bought US$30 million worth of WLFI, the crypto token of Trump's World Liberty Financial project, becoming the token's largest holder, according to data on blockchain analytics platforms. "The US is becomin

  • Nov 26, 2024

Deutsche Bank Sees Bank Stock Rally Adding to Repo Market Strain

(Bloomberg) -- A rally in bank stocks since the end of September could force the largest US institutions to further pull back activity in the market for repurchase agreements or foreign exchange derivatives, according to Deutsche Bank.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Gre

  • Nov 26, 2024

Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead

BTC's rally has stalled since Friday for several reasons, including waning demand at record prices.The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.

  • Nov 26, 2024

Woodside CEO Says Gas Market Volatility Signals Supply Tightness

(Bloomberg) -- The current volatility taking hold of gas prices, especially in Europe, is a “signal that the market is much tighter than many expect,” according to the head of Australia’s biggest natural gas exporter.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Get