In a move that could reshape the landscape of central banking, cryptocurrency advocates in Switzerland are seeking a constitutional amendment to compel the Swiss National Bank (SNB) to hold Bitcoin among its reserves.The current Swiss Constitution mandates that the SNB maintain a portion of its rese
The recent strength of the U.S. dollar, with the won-dollar exchange rate reaching 1,400 won at one point, has sparked investor interest in exchange-traded funds (ETFs) exposed to currency fluctuations. These ETFs offer the potential for higher returns but also carry additional risk.Samsung Asset Ma
NEW YORK - Both Wall Street and the cryptocurrency market reeled today after the US first-quarter GDP data release. The figures revealed a slowdown in economic growth and a concerning rise in consumer inflation.Before the opening bell, major stock index futures in New York fell by more than 1%, sign
A recent report by the Korea Institute of Finance (KIF) has raised concerns about the future of Kimchi Coins and similar altcoins with limited market capitalization. The KIF study, titled "Study on Investor Sentiment and Altcoin Trading: Based on Kimchi Coin and SNS Data," highlights the dangers of
Binance, the world's largest cryptocurrency exchange, has implemented a new policy that prohibits project teams from selling their holdings for one year after a coin is listed on its platform, according to a Bloomberg report on March 15th. While seen as a positive step for investor protection, this
Bitcoin's recent post-halving recovery presents a problem for analysts, with technical indicators flashing bullish and bearish signals.While exchange balances continue to decline, typically a positive sign suggesting reduced selling pressure, a closer look reveals conflicting forces at play.Accordin
Ethena's USDe, a recently launched cryptocurrency, has surged in popularity, mirroring the rapid rise of TerraUSD (UST), a stablecoin whose spectacular collapse in 2021 sent shockwaves through the crypto market. While Ethena touts its high yields and unique mechanism, some experts raise concerns abo
Tether, the issuer of the world's leading stablecoin USDT, announced today the launch of USDT and its gold-backed cousin, XAUT, on the Toncoin (TON) blockchain. This expansion brings Tether's reach to over 15 blockchains, including TON, potentially opening up new financial opportunities for Telegram
The unrelenting strength of the U.S. dollar is raising alarm bells on Wall Street and across the globe, with experts warning of potential consequences for American and international economies.In a recent shift from historical trends, the dollar has surpassed key resistance levels, prompting analysts
The Japanese yen weakened further on Monday, reaching its lowest level in 34 years against the U.S. dollar. The exchange rate climbed to 153.96 yen per dollar, surpassing the previous low not seen since June 1990.This depreciation comes amid heightened geopolitical tensions in the Middle East. Risin
Prices for cryptocurrencies, particularly Bitcoin, are surging on domestic exchanges in South Korea, significantly exceeding prices on international platforms. This phenomenon, known as the "Kimchi Premium," has reached 18% as of Sunday morning.At the time of writing, Bitcoin was trading around ₩97.
The South Korean stock market endured a third consecutive week of losses as investor sentiment soured on domestic and international headwinds. The KOSPI index closed at 2,681.82 on Friday, down 1.19% from the previous week.Disappointing results in the recent general election eroded confidence in the
Wall Street is in an uproar. Gone are daydreams about a Federal Reserve pivot and multiple rate cuts this year. With inflation stubbornly refusing to recede, the Fed's stance on interest rates has dramatically shifted, leaving investors scrambling to revise their strategies.Last December, Chairman P
The South Korean won fell sharply against the U.S. dollar on Friday, reaching its most substantial level for the greenback in over a year. The decline came as expectations for a Federal Reserve interest rate cut receded, while the Bank of Korea signaled it would likely hold rates steady.The won-doll
The Korean Stock Price Index (KOSPI) is expected to decline on Wednesday amid a setback in expectations for an interest rate cut and a rise in U.S. consumer prices.The KOSPI retreated to 2,700 on Tuesday due to caution surrounding the general election and the U.S. March Consumer Price Index (CPI) an
Kenter Fitzgerald, the chief executive of Cantor Fitzgerald, a financial services firm, said this week that stablecoins, cryptocurrencies pegged to the U.S. dollar, could bolster the American economy rather than undermine it.His comments, reported by Bloomberg News, come amid ongoing debate about cr
The use of borrowed money to invest in South Korean stocks, known as debt investment, has reached its highest level in six months, approaching 20 trillion won ($15.4 billion), according to data released Wednesday by the Korea Financial Investment Association.This represents a significant increase of
The exchange announced on Tuesday that thirteen companies listed on the Korea Stock Exchange's KOSPI market are at risk of delisting due to insufficient audit opinions on their financial statements.The Korea Exchange (KRX) said it had identified these companies during its review of business reports
After a month of steady gains, the South Korean stock market has entered a period of uncertainty, prompting investors to adopt a cautious wait-and-see approach. This shift comes as the KOSPI index stalls and geopolitical tensions cloud the global economic outlook.According to data from the Financial
Fears of a scenario similar to the collapse of TerraUSD (UST) and Luna (LUNA) are swirling around Ethena Labs' stablecoin, USDe, and its native token, ENA.Athena Labs announced plans to back USDe with Bitcoin (BTC) as collateral. However, analysts warn that this strategy might prove ineffective duri