Shares of ASGN Incorporated (NYSE:ASGN – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $53.25, but opened at $50.42. ASGN shares last traded at $51.1450, with a volume of 17,043 shares changing hands. Analysts Set New Price Targets Several research firms recently commented on ASGN. [...]
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (NYSEARCA:TLTD – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 44,548 shares, an increase of 21.6% from the December 31st total of 36,637 shares. Currently, 0.7% of [...]
Treasury Secretary Scott Bessent pushed back against speculation around a Strategic Bitcoin reserve, making clear that the federal government has no legal authority to support or "bail out" Bitcoin (CRYPTO: BTC) using public funds.No Bitcoin Bailout AuthorityDuring a House Financial Services Committee hearing on financial stability risks, a lawmaker questioned whether the U.S. government could support Bitcoin by directing banks to buy it or by deploying taxpayer funds into crypto markets.Bessent firmly rejected the premise, stating that neither the Treasury Department nor federal regulators have the authority to compel banks to purchase Bitcoin or to invest public money into crypto assets, ...Full story available on Benzinga.com
ProShares is widening the crypto ETF playbook just as investors are showing signs of outgrowing single-coin bets. The firm on Wednesday rolled out the CoinDesk 20 Crypto ETF (NYSE:KRYP), the first U.S.-listed ETF built to track the CoinDesk 20 Index which captures the performance of the largest and most liquid slice of the digital-asset market in one shot.The timing is notable. With bitcoin ETFs now firmly embedded in portfolios and ether products gaining traction, asset managers are starting to test whether investors are ready for a "crypto core" allocation rather than a one-token trade. KRYP is squarely aimed at that shift.Unlike single-asset crypto ETFs, KRYP tracks an index composed ...Full story available on Benzinga.com
All muh apes, gone.
Gold rebounds above US$5,000 as investors return after a historic selloff, with volatility, rates and big-tech earnings shaping positioning.
Evernorth is about to become the MicroStrategy of XRP (CRYPTO: XRP). With 388 million tokens locked ahead of its Nasdaq debut under ticker XRPN, the company is building a public treasury that lets stock investors gain XRP exposure without holding crypto directly. MicroStrategy turned Bitcoin into a balance sheet asset and saw its stock rise ... Evernorth Is About to Become the “MicroStrategy of XRP”: 388M Tokens Locked Before Nasdaq DebutThe post Evernorth Is About to Become the “MicroStrategy of XRP”: 388M Tokens Locked Before Nasdaq Debut appeared first on 24/7 Wall St..
Quick take: Opinion’s market settlement mechanism is entirely on-chain. The platform claims to settle about a third of all prediction market volume globally and boasts about $130 million in open interest. The company plans to use the fresh capital to accelerate its global expansion ahead of an eventful global market. Opinion, the on-chain prediction market [...]
The naira rallied to its strongest level in two years last week, buoyed by a weakening US dollar, rising oilread more Why naira rallies to strongest level in two years
(MENAFN - AsiaNet News) Elon Musk-led rocket manufacturing company SpaceX announced on Monday that it would acquire the billionaire's artificial intelligence startup xAI. ASTS and RKLB shares ...
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Recent market data has shown that Bitcoin has been trading at an extended discount on Coinbase. Over the past several months, this negative premium, where BTC prices on Coinbase sit below the international average level, has remained consistent. Such prolonged discounts have historically coincided with periods of market uncertainty or late-stage corrections. How Coinbase Premium Remains Negative For Months Bitcoin has been trading at a persistent discount on Coinbase for the past 3 months. A full-time crypto trader and investor, Daan Crypto Trades, has pointed out on X that this typically reflects large ETF outflows and sustained selling pressure from the US-based investors, which has put pressure on a discount to appear. Related Reading: Oct. 10 Started The Bitcoin Bear Market, On-Chain Data Shows These conditions are not unusual and have appeared nearly every market downturn or larger range. Thus, this broader market recovery needs the support of ETF inflows and renewed bidding from the US investors to surge higher. For this reason, monitoring the Coinbase premium and discount is important to know when the price flips around. A stronger directional trend combined with steep discounts or premiums often reinforces the prevailing market move. A Relief Rally Could Buy The Market Time Until October Bitcoin has now broken below its April 2025 low, placing the market at an important inflection point. The CEO and founder of ITC_Crypto, Benjamin Cowen, noted that if the price fails to bounce soon, this could turn into a difficult midterm year. However, if the price can bounce back, it would likely provide the market several months of relief, pushing price action to October and potentially aligning with a more durable bottoming process. Related Reading: Bitcoin’s Lack Of New Capital Leaves It Vulnerable To Continued Selling Pressure According to Benjamin, the bearish narrative has been dominant for an extended period, which increases the probability of a countertrend rally that could temporarily restore confidence among bulls. Meanwhile, Benjamin has cautioned against attempting to trade such moves. Furthermore, countertrend rallies often occur unexpectedly, not when market participants are actively anticipating them. A sweep of prior lows would offer short-term relief, even during the bull market. In 2014, 2018, and 2022, when BTC broke below the 100-week Simple Moving Average (SMA), the price moved straight down to the 200-week SMA before any meaningful relief occurred. From a broader perspective, Benjamin emphasized that the optimal time to sell BTC was late last year, not during panic-driven sell-offs in a midterm year. His focus remains on the larger cycle, suggesting that late Q3 to early Q4 will be a more favorable window to move real money back into the market. Until then, it is just traders trying to make money during difficult times, attempting to trade the support and resistance levels. Featured image from Pngtree, chart from Tradingview.com