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Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the FedFollowing the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s […]

Zimbabwe Devalues Gold-Backed Currency by 44%

Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report

Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs ReportFollowing a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the crypto economy fell by 5.82% to reach $2.2 trillion. Crypto Economy and U.S. Stocks […]

Zimbabwe Devalues Gold-Backed Currency by 44%

All Eyes on the Fed: Steady Rates Anticipated, September Reduction Likely

All Eyes on the Fed: Steady Rates Anticipated, September Reduction LikelyThe U.S. Federal Reserve is set to convene its monthly Federal Open Market Committee (FOMC) meeting to evaluate the state of the economy and determine if the central bank should adjust the federal funds rate. The prevailing market sentiment suggests that the FOMC members are likely to maintain the current rate this week, with a […]

Zimbabwe Devalues Gold-Backed Currency by 44%

From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities

From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized EquitiesBacked, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]

Zimbabwe Devalues Gold-Backed Currency by 44%

Global Bond Market Alarm: 26 Countries Now Facing Inverted Yield Curves

Global Bond Market Alarm: 26 Countries Now Facing Inverted Yield CurvesWhile the U.S. recently marked the longest period of inverted bond yields in history, surpassing two years, data indicates that a total of 26 countries now have an inverted yield curve. Investors and economists closely monitor yield curve inversions, as they have historically signaled an increased likelihood of economic recessions. From the U.S. to Europe: […]

Zimbabwe Devalues Gold-Backed Currency by 44%

Grayscale Ethereum Trust Hits Premium for First Time Since 2021

Grayscale Ethereum Trust Hits Premium for First Time Since 2021Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […]

Zimbabwe Devalues Gold-Backed Currency by 44%

The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?

The Six-Digit Struggle: What if Bitcoin Falls Short of 0K?As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple top, potentially exceeding $90,000. However, reaching the six-figure mark will be a significant psychological challenge, and it may fall short of […]

Zimbabwe Devalues Gold-Backed Currency by 44%

S&P Global joins Singapore’s Project Guardian tokenization trials

The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions.

S&P Global Ratings is the latest institution to join the Monetary Authority of Singapore’s (MAS) massive Project Guardian. The two-year-old project examines the role asset tokenization can play in the liquidity and efficiency of financial markets.

Project Guardian seeks to establish standards and policy guidelines and to develop a commercially oriented digital asset ecosystem. S&P Global will participate in fixed-income pilot projects. S&P Digital Assets analytical lead Andrew O'Neill said in a statement:

Within the fixed-income pilots, institutions are conducting foreign exchange and bond transactions against liquidity pools of tokenized bonds and currencies. They are also carrying out repurchase agreements with digital bonds an developing a listing framework for debt securities and an initial token offering for digital tokens offered on the Singapore Exchange.

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Zimbabwe Devalues Gold-Backed Currency by 44%

Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs

Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFsMarket strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback, resulting in less spot conversion. Bernstein Analysts Highlight Tokenization […]

Zimbabwe Devalues Gold-Backed Currency by 44%

McKinsey Report: Tokenization at a Tipping Point, Poised to Transform Financial Markets

McKinsey Report: Tokenization at a Tipping Point, Poised to Transform Financial MarketsThe world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational […]

Zimbabwe Devalues Gold-Backed Currency by 44%