BitcoinWorld Crypto Market Shaken: $209 Million in Futures Liquidated in a Single Hour The cryptocurrency market experienced a sharp and sudden wave of selling pressure in the past hour, leading to the liquidation of over $209 million worth of futures positions across major exchanges. This rapid unwinding of leveraged trades brings the total liquidations over …
BitcoinWorld Chinese Man Sentenced to 12 Years for Stealing Friend’s Bitcoin A Chinese court has finalized a 12-year and seven-month prison sentence for a man convicted of stealing and selling Bitcoin belonging to an acquaintance. The case, which highlights the growing legal scrutiny around cryptocurrency custody and trust, was decided by the People’s Procuratorate of …
BitcoinWorld Singapore Dollar Shows Mild Bullish Bias Against US Dollar, But Stays Within Tight Range: UOB Analysts at United Overseas Bank (UOB) have identified a mild bullish bias for the Singapore Dollar (SGD) against the US Dollar (USD), though they emphasize that the pair remains confined to a relatively tight trading range. The assessment comes …
BitcoinWorld ECB’s Demarco Signals Likely June Rate Hike as Inflation Concerns Persist The European Central Bank is likely to raise interest rates at its June meeting, according to ECB board member Frank Demarco, signaling that policymakers remain focused on combating persistent inflation in the Eurozone. The statement, which aligns with recent hawkish commentary from other …
BitcoinWorld Australian Dollar: ING Sees Bullish Year-End Despite Soft Data Despite recent soft economic data, analysts at ING are maintaining a bullish outlook on the Australian Dollar (AUD) for the remainder of the year. The currency has faced headwinds from weaker-than-expected domestic indicators, but the bank’s year-end forecast suggests a potential recovery driven by global …
BitcoinWorld AUD/USD Rebounds From 0.7100 Support, Eyes Further Upside The Australian dollar staged a modest recovery against the US dollar on Tuesday, with the AUD/USD pair climbing back above the 0.7120 level after finding solid support near the psychological 0.7100 mark. The bounce reflects a temporary pause in the recent selling pressure, as traders assess …
BitcoinWorld Euro recovers against pound after softer UK inflation eases rate hike bets The euro pared earlier losses against the British pound on Wednesday after the release of softer-than-expected UK inflation data, which dampened market expectations for further aggressive interest rate hikes by the Bank of England. UK inflation data surprises to the downside The …
BitcoinWorld Indian Rupee Stays Near All-Time Lows as Elevated Crude Oil Prices Add Pressure The Indian rupee continues to trade close to its all-time low against the US dollar, pressured by persistently elevated global crude oil prices and a broadly strong greenback. As of early this week, the rupee hovered near the 83.50 mark, a …
BitcoinWorld Japanese Yen Stays Weak Despite Strong GDP Data, Deutsche Bank Says Despite Japan reporting stronger-than-expected gross domestic product (GDP) figures for the fourth quarter of 2024, the Japanese yen failed to gain ground against the US dollar, according to analysts at Deutsche Bank. The currency pair USD/JPY remained under pressure as market participants focused …
BitcoinWorld Binance Introduces x402 Payment Tool for BNB Chain, Enabling Stablecoin Transactions for Digital Services Binance has officially launched x402, a new payment tool designed for the BNB Chain ecosystem. The tool enables seamless integration of stablecoin payments into various digital services, including APIs, data platforms, and AI agent workflows, by leveraging the HTTP 402 …
