Elon Musk Hit $348 Billion Record in Net Worth
The new fortune record was established as a result of a $50 billion funding round for Elon Musk‘s AI startup and a surge in Tesla stock late last week. Elon Musk, the CEO of Tesla has achieved a new record high of $348 billion in net worth, resulting from Donald Trump’s victory in the United […]
Bitcoin Retraces As Crypto Liquidations Hit $470M
On November 24, Bitcoin experienced a decline after failing to surpass the $100,000 threshold, which resulted in weekend crypto liquidation events in more than six months. In the past 24 hours, crypto positions valued at more than $470 million were liquidated. According to CoinGlass data, altcoins accounted for the overwhelming majority of wiped positions, with […]
Wrapped Bitcoin Price Flash Drops To $5K On Binance
On November 23, 2024, the price of Wrapped Bitcoin (WBTC) on Binance briefly and rapidly declined to an all-time low of approximately $5,200. In an apparent flash crash that did not impact the asset’s price on other exchanges, the cost of Wrapped Bitcoin on Binance briefly and rapidly plunged to an all-time low of approximately […]
Reserve Bank of India To Extend Global Payments Platform
The Reserve Bank of India (RBI) is endeavoring to broaden its cross-border payments platform, by incorporating new trading partners in the Asia and Middle East regions. Bloomberg reports that India has already reached agreements with Bhutan, Nepal, and Sri Lanka and intends to include the United Arab Emirates (UAE) in its cross-border settlement program. India […]
Crypto Market Brace For Impact From US PCE &FOMC Minutes
Amid ongoing market rally, the crypto market is preparing for the potential impact of US PCE inflation, FOMC minutes, Q3 GDP data, and crypto expiry. The crypto market is now entering a critical week, marked by many significant events, including the US PCE inflation, FOMC Minutes, and Q3 GDP (first revision) data, among others. Furthermore, […]