Author: Anthony M. Orbison

A widely followed crypto trader says one decentralized oracle service project may one day overtake its rival Chainlink (LINK). In a new video update, Guy Turner, the host of CoinBureau, tells his 2.57 million YouTube subscribers that the market cap for Pyth Network (PYTH) may eventually soar due to its potential to generate massive fee revenue. “In my opinion, Pyth Network is one of the most underrated cryptos there is. That’s because it’s an oracle that provides high-frequency data feeds that blockchains like Solana depend on. In other words, Pyth Network is like Chainlink, and some would argue that it’s…

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Investing.com — UniCredit SpA (BIT:) said on Wednesday that it had increased its potential stake in Germany’s Commerzbank (ETR:) to 28% through new derivative agreements, up from 21% previously. The Italian bank has sought approval from the European Central Bank to raise its stake further, up to 29.9%. UniCredit stated that it is engaging with regulators as the authorization process continues. Currently, it directly owns 9.5% of Commerzbank and holds an additional 18.5% via derivatives. “UniCredit’s average entry price for the entire position is below current trading levels,” the bank noted, suggesting the investment could be sold at a profit.…

Ethereum spot ETFs witness increased institutional interest, recording a $145 million net inflow. According to statistics from SoSoValue, Ethereum (ETH) spot ETFs had a notable net inflow of $145 million on Dec. 17, indicating growing institutional trust in financial instruments backed by Ethereum. With a notable $135 million inflows on the day, BlackRock’s ETHA topped the inflows and now has the most net inflow of Ethereum spot ETF at $3.365 billion. With a net influx of $4.45 million, Grayscale’s ETH, a major participant in the ETF market, increased its previous net inflow to $616 million. With $5.72 billion in cumulative net…

The Chronicle’s annual list of the biggest charitable donations from individuals or their foundations totaled nearly $6 billion in 2024, with half of that coming from three contributions of $1 billion or more each. Two of those three gifts went to medical schools to provide financial aid. Altogether, four of the top donations on the list, totaling $2.3 billion, went to support financial aid. Three contributions were made to donors’ own foundations, and those gifts totaled $2.3 billion as well. Three other donations supported medical research or treatment, and one gift each went to support civic engagement and arts and…

Cathie Wood, CEO of Ark Investment Management, is an active trader.She often buys her favorite tech stocks when they fall and sells them when they rise.This is what she did last week.🔌Free Newsletter From TheStreet – TheStreet🔌Investors and analysts have mixed opinions on Cathie Wood. Supporters see her as a visionary in tech investing, but critics say she’s only a mediocre fund manager.Wood’s followers affectionately dubbed her “Mama Cathie” after she drew widespread attention with a remarkable 153% return in 2020.However, her longer-term performance isn’t so hot.The flagship ARK Innovation ETF  (ARKK) , with $5.4 billion under management, has returned…

BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT became the most successful ETF launch in over 10 years, following the $418.8 million in net flows registered on Dec. 16.Nate Geraci, CEO of The ETF Store, highlighted that IBIT had beaten approximately 2,850 ETFs. He added:“In other words, IBIT has more lifetime inflows than any ETF launched since 2014. Did this in just over [11 months].”Since its launch, IBIT has amassed $36.3 billion in positive net flows, surpassing the $36.2 billion in inflows received by US-traded spot Bitcoin ETFs, according to Farside Investors’ data.The amount is nearly 3x higher than the…

Dec. 18, 2024 1:05 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, BTC-USD, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, USD:KRW, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor NikadaAsia-Pacific markets trade mixed on Wednesday following a downbeat session in Wall Street Tuesday ahead of the US Fed interest rate policy decision later today. Traders also analyzed data showing Japanese export growth accelerating to a three-month high in November, while imports unexpectedly Source link

By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Honda and Nissan (OTC:) are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan’s once seemingly unbeatable auto industry is being reshaped by challenges from Tesla (NASDAQ:) and Chinese rivals. A combined Honda (NYSE:) and Nissan would create a $54 billion company with annual output of 7.4 million vehicles, making it the world’s third-largest auto group by vehicle sales after Toyota (NYSE:) and Volkswagen (ETR:). The two firms had already forged a strategic partnership in March to cooperate in electric…

Este artículo también está disponible en español. As we approach the end of the year, Bitcoin (BTC) continues flying to new highs, setting bullish expectations for the rest of the cycle. Bitfinex’s latest reports suggest when BTC’s peak could come and how much climbing might be left for the flagship crypto. Related Reading Bitcoin’s ‘Unique’ Cycle In its latest Alpha Report, Bitfinex highlighted the crypto industry’s big strides in adoption and mainstream recognition this year, which have differentiated this cycle from previous ones. Notably, the launch and increasing institutional demand of Bitcoin and Ethereum spot exchange-traded funds (ETFs) have surpassed…