Author: Anthony M. Orbison

Ethereum has shown resilience in the face of recent market challenges, as evidenced by the consistent positive net flows into the asset’s exchange-traded funds. According to data from Farside Investors, daily inflows into spot Ethereum (ETH) ETFs in the U.S. surged to $305.74 million, bringing cumulative inflows to an impressive $1.87 billion. This substantial growth occurred despite Ethereum price experiencing a 7% decline over the past three days. These investment products saw their highest cumulative weekly inflow last week. Interestingly, inflows have been consistently positive throughout December, confirming strong institutional interest.  For instance, Dec. 6 recorded $83.76 million in inflows,…

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of Japan is leaning towards forgoing a rate hike on Thursday. Sterling was also under…

(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail (LON:) owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution Services (IDS) and the Competition and Markets Authority, Britain’s competition regulator, did not immediately respond to a Reuters request for comment. Kretinsky and IDS had reached an agreement in May on the deal, which was expected to undergo intense government scrutiny, especially during an election year. Royal Mail, whose…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The sale of Royal Mail to Czech billionaire Daniel Křetínský has been approved by the UK government, paving the way for the formerly state-owned postal service provider to pass into foreign ownership.The go-ahead for Křetínský’s £5.3bn takeover of Royal Mail owner International Distribution Services is set to be announced on Monday morning, according to people familiar with the matter.The two sides had agreed a deal in May that received management backing, but had still been awaiting an official green light.Křetínský’s EP Group…

Alcohol sales have seen a decline in 2024 as consumers opt for healthier habits. Sebastien Derbomez, brand advocacy leader at William Grant & Sons, joined TheStreet to discuss the state of the industry.Related: This classic Wall Street drink is here to stayFull Video Transcript Below:CONWAY GITTENS: I just want to get a general sense of the industry. Sales for the entire industry have been down for seven months. Yeah it looks like 2024 is going to be a down year. What’s happening. Is it just inflation where people are just like, hey it costs too much to drink or the GPL-1 drug’s…

Este artículo también está disponible en español. Bitcoin and Dogecoin are two of the most watched cryptocurrencies this cycle, with increases in the Bitcoin price mostly flowing into that of Dogecoin. At some point, the price correlation between the Dogecoin price and that of Bitcoin was at 0.97.  Related Reading Interestingly, recent market movements have seen the Bitcoin price returning above the $100,000 price level again, with the leading cryptocurrency reaching as high as 102,700 in the past 24 hours. However, this has yet to translate into a corresponding increase in the price of Dogecoin, with the meme coin breaking…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asia kicks off the final full trading week of 2024 with the monthly ‘China data dump’ landing on Monday, and with investors leaning toward keeping the stock market bull run going as central banks around the world go into easing mode. Several G10 central banks last week cut interest rates or, in the case of Australia, signaled it may do so soon, and authorities in China pledged to dive even deeper into monetary and fiscal stimulus territory. This helped buoy risk appetite, despite the inclination to…

MADRID (Reuters) – The founder and owner of fashion empire Mango, Isak Andic, died on Saturday in a mountain accident, police said. He was 71. The businessman slipped and fell over 100 metres from a cliff while hiking with relatives in the Montserrat caves near Barcelona, a police spokesperson said. “His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements. It is up to us … to ensure that Mango continues to be the project that Isak was ambitious and proud of,” Mango’s CEO, Toni Ruiz, said in…

contributor Posted: December 16, 2024 Dormant XRP tokens reactivated, boosting liquidity and fueling renewed investor confidence. Rising taker buy ratio reflects growing bullish dominance in XRP’s derivatives market. On the 10th of December, Ripple’s [XRP] price briefly slipped below $2, fueling speculation that its extended uptrend might be running out of steam. However, the swift 8% rebound over the past 24 hours has reignited optimism. Beyond the surface, under-the-radar indicators point to XRP’s rally having more room to grow, signaling that its bullish momentum may be far from over. Here’s what could drive XRP higher. Dormant XRP tokens are on…