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CBM injects THB1.5M into market
gnlm_mm28d ago

CBM injects THB1.5M into market

The Central Bank of Myanmar (CBM) injected around 1.49 million baht into the forex market on 13 March. Additionally, CBM [...]

#FOREX
Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming?
newsbtc28d ago

Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming?

Solana (SOL) may be on the cusp of a major market rally after the SuperTrend indicator turned bullish for the first time in two months. The prominent altcoin has been a major victim of the market downturn, losing over 62% of its value since October 2025. However, recent gains suggest a building momentum for a possible price recovery. Related Reading: Bitcoin Price From $70,000 To $110,000 In 2 Months? Analyst Reveals How Solana (SOL) Set For Potential Trend Reversal – Analyst In an X post on March 13, market analyst Ali Martinez shared that the SuperTrend indicator was flashing a bullish signal in the Solana market – the first recorded since early January amid prolonged price struggles that stretched to last year. The SuperTrend indicator is a technical analysis tool used to identify the current market trend, i.e., uptrend or downtrend, and potential buy or sell signals. Martinez’s analysis shows that the ST indicator indicated a sell signal in early February, around when Solana crashed to around $67. However, SOL soon rallied to eventually settle within a trading range of $76-$90, a consolidatory movement that has lasted over the last four weeks. In particular, Solana has twice recorded a moderate price action above $90 in March, with the most recent one clashing with the buy signal from the Supertrend indicator. However, it’s worth noting that a bullish signal by the SuperTrend indicator does not guarantee a sustained upward breakout, as the indicator is based on historical price and volatility data and can produce false signals. In the event of a potential breakout, investors can expect an initial price rise to around $103, which represents SOL’s immediate resistance zone, following the extended correction seen in the last few months. Related Reading: $61.9M Ethereum Buy Sparks Speculation – Mystery Whale Turns $1M Profit Overnight Solana ETFs See Significant Drop In Netflows In other news, data from SoSoValue shows that inflows to the Solana Spot ETF have been relatively slow this week. At the time of writing, total net inflow for this week is $3.10 million, representing an 83% decline from the final figures of the previous week. At the same time, Solana trades at $88.95, reflecting a 2.8% growth in 24 hours, and 11.15% in 30 days. Price gain combined with declining inflows indicates that the recent upward movement may be driven more by spot market demand and broader market sentiment rather than strong institutional capital. Within five months of trading, total cumulative inflows into the Solana Spot ETF now stand at $961.08 million, while total net assets are valued at $824.87 million, i.e., 1.67% of Solana’s market cap. At the time of writing, Solana’s total market value is set at $54.74 billion, allowing the asset rank as the seventh largest cryptocurrency in the market. Featured image from Adobe Stock, chart from Tradingview

#TECH#CRYPTO
Why AI systems are failing in familiar ways
thenewstack_io28d ago

Why AI systems are failing in familiar ways

With the introduction of AI-assisted coding tools and agents, many people hoped we’d solve all the problems for human teams.The post Why AI systems are failing in familiar ways appeared first on The New Stack.

#TECH
Trump's Iran conflict becomes de facto 'tax increase' on struggling Americans: report
rawstory28d ago

Trump's Iran conflict becomes de facto 'tax increase' on struggling Americans: report

President Donald Trump's military actions in Iran are effectively functioning as a hidden tax on American households, economists warn, as soaring energy costs threaten to erase anticipated benefits from larger tax refunds this filing season.Americans are poised to receive bigger refunds than last year, with the average federal tax refund reaching $3,742 as of late February—about 10.6% higher than 2025. However, the economic fallout from the Iran conflict is rapidly negating that windfall, according to a new report.Since the U.S. military actions in Iran began, oil prices have skyrocketed, sending gas and diesel costs surging. The average price of unleaded gasoline jumped to $3.64 per gallon on Friday, roughly $0.72 higher than the previous month's average. Mortgage rates have also climbed sharply to 6.41% for a 30-year fixed-rate loan, up from 5.9% before the conflict."The Iran war acts like a tax increase on the consumer, except nobody voted for it," said Paul Dietrich, chief investment strategist at Wedbush Securities.The burden falls disproportionately on lower-income Americans, who spend a larger percentage of their budgets on fuel and energy. As households redirect refund money toward gas and groceries rather than discretionary spending, the broader economy loses the boost that tax refunds typically provide.Experts caution that while tax refunds could help insulate consumers from immediate shocks, the economic damage from elevated energy costs and inflation pressures will likely persist throughout 2026, undermining household purchasing power across income levels.Read the full report here.

#ECONOMY
Take Pi for a Spin in this Orbital Simulator
hackaday28d ago

Take Pi for a Spin in this Orbital Simulator

It’s Pi Day, and while we know that many of you celebrate privately, those that take a moment to put aside their contemplation of all things circular and join us ...read more

#TECH