US initial jobless claims dipped to 226,000, reinforcing labor market resilience and bolstering the Federal Reserve’s cautious stance on rates. The AUD/USD pair hovered around 0.7030 on Thursday, as the Australian Dollar failed to extend gains amid steady US labor market d
The Federal Reserve advances customer verification rules for crypto firms under the GENIUS Act, with one governor abstaining. The Federal Reserve proposed new rules requiring U.S. crypto firms to verify stablecoin users, aiming to curb money laundering risks. The proposal,
The British pound declines after the Federal Reserve’s hawkish stance overshadows the Bank of England’s decision to keep rates steady. The British pound dropped against the US dollar on Thursday, trading at 1.3234, as investors weighed the Federal Reserve’s hawkish shift a
WTI Oil falls 2.35% to $73.20 West Texas Intermediate Oil declined to around $73.20, down 2.35% on the day. The decline is attributed to optimism over a potential deal in the Strait of Hormuz. This development has led to a lasting easing of tensions in the
Oil prices fall as US-Iran agreement eases Middle East supply disruption fears despite a larger-than-expected US inventory drawdown. West Texas Intermediate crude slid 2.35% to $73.20, hitting a three-month low, as investors prioritized easing Middle East tensions over bul
Indian consumers face delayed relief at pumps as retailers absorb lower crude costs over time, officials say. India’s fuel prices will remain unchanged in the near term despite a sharp decline in global crude oil prices. Officials stated that refiners and retailers need ti
Grayscale Research forecasts significant upside for AAVE despite a 71% drop over the past year amid strong DeFi market position. Grayscale Research predicts AAVE, the native token of decentralized lending protocol Aave, could surge 140% following a 71% decline over the pas
Traders price in 36 basis points of Fed tightening by 2026, overshadowing the Bank of England’s unchanged rate decision. The British Pound slid 0.39% to $1.3234, its weakest level since April 7, as markets focused on the Federal Reserve’s hawkish outlook. The Bank of Engla
The state introduces a government-backed digital token as Bitcoin falls nearly 50% from its 2025 peak. Wyoming has become the first U.S. state to issue a government-backed stablecoin, the Frontier Stable Token (FRNT), as Bitcoin struggles to hold the $60,000 level. The cry
Hsiao-Wei Wang Steps Down as Co-Executive Director and Board Member of Ethereum Foundation Hsiao-Wei Wang, Co-Executive Director and Board Member of the Ethereum Foundation , announced her resignation from both positions effective today, following the conclusion of her...
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