Submer has started a new partnership with Anant Raj Cloud, a part of Anant Raj Limited. This project is a major example of how Europe and India are working together. It brings advanced liquid-cooling and AI technology from Europe to India. Together, they will build sustainable data centres that help India keep its data secure [...]
Union Minister for Electronics and IT Ashwini Vaishnaw unveiled a cutting-edge, high-tech 2-nanometre chip manufactured by Qualcomm on Saturday, February 7. Speaking at an event in Bengaluru, Vaishnaw underscored India’s progress in building an end-to-end semiconductor ecosystem. He added that the latest development marks a major shift in the country’s earlier role of back-office destination [...]
This week’s round-up of news and views from The Banker
Ethereum (ETH) has declined noticeably over the past week, with price data from CoinMarketCap reporting a net 14% decline within this period. At the time of the most recent data, ETH is trading around $2,000, significantly lower than the past week’s level near $2,500. Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says ETH Funding Rates Signal A Bullish Turn In a QuickTake post on the CryptoQuant platform, analyst Amr Taha draws attention to recent developments in ETH funding rates, a key sentiment indicator in perpetual futures. The funding rate shows the market sentiment, whether it’s optimistic/greedy (positive) or fearful/cautious (negative). Typically, when funding is highly positive or negative, it means that too many traders are on one side, positions are overleveraged, and then the market becomes unstable. At that point, even a small price move in the opposite direction can trigger liquidations, causing sharp and fast price moves. Although Ethereum’s funding rate was deeply negative over the week, analyst Amr Taha noted there has been a flip as ETH derivatives data shows a clear shift toward bullish positioning. Notably, Funding rates have turned strongly positive on BitMEX (Bitcoin Mercantile Exchange), reaching 0.049%, their highest level since October and well above the previous peak near 0.03. This signals aggressive leverage on the long side. Related Reading: XRP Price Has Just Reached Most Oversold Level In History And This Analyst Is Predicting A Bounce Extreme Optimism In ETH Could Spark Sharp Moves At the same time, ETH funding on Binance has moved from deeply negative levels at -0.025% on February 5 back towards neutral, indicating that short positions are being replaced by new long exposure. In essence, the market has moved from fear to optimism. While this shift reflects a rise in bullish sentiments, history shows that periods of extreme positive funding driven by leverage often increase the risk of liquidations and sharp corrective moves, rather than supporting sustained upside. In short, when everyone is bullish at the same time, the market becomes easier to knock over. In all, Ethereum Derivatives traders have become aggressively bullish, and while that can push price higher in the short term, history shows it often increases the risk of sudden corrective moves rather than a sustained uptrend. At the time of writing, Ethereum trades at $2,089 after a 14.9% decline in the past seven days. Meanwhile, the daily trading volume is down by 32.39% and valued at $37.39 billion. Featured image from Adobe Stock, chart from Tradingview
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Dr James Fox believes one of the best long-term compounders is sitting in plain sight, and it could be the perfect stock for a SIPP. The post The best time to open a SIPP is at birth... and here’s a stock to consider appeared first on The Motley Fool UK.
Olympians and entrepreneurs have a lot in common. Both are highly driven in the pursuit of their goals and work tirelessly to achieve them. This is why many top-performing athletes turn to the world of start-ups and entrepreneurship when retiring from full-time sport. High-performing individuals need to channel their energy into something, and when sport [...]
By State Reps. Mike Volz and Suzanne Schmidt
Masengill Landing continues to evolve as it grows, and the development in central Morristown is adding a partner to bring more selection for potential buyers.
As Thailand votes in a three-way race pitting progressives against populists and military-backed conservatives, FRANCE 24 correspondent Tommy Walker explains how the Southeast Asian nation's sluggish economic growth is weighing heavily on the minds of voters craving better jobs and better pay.
Hut 8 Corp. (NASDAQ:HUT – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $44.48, but opened at $48.99. Hut 8 shares last traded at $48.3670, with a volume of 768,905 shares changing hands. Wall Street Analysts Forecast Growth A number of research analysts have [...]
Carlyle Group Inc. (NASDAQ:CG – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $55.41, but opened at $61.48. Carlyle Group shares last traded at $59.0310, with a volume of 363,701 shares traded. Key Carlyle Group News Here are the key news stories impacting Carlyle [...]