Author: Anthony M. Orbison

Bullish activity breathes more life into Avalanche TVL and stablecoin market cap. Can AVAX hold on to recent gains as sell pressure gradually creeps back in? The Avalanche [AVAX] ecosystem has been experiencing a resurgence of activity as the market enters recovery mode. On-chain data revealed significant changes in some of Avalanche’s metrics, especially the total value locked (TVL). Avalanche’s TVL is a long way off from its historic high. It peaked at $11.49 billion in December, 2021, but the network experienced heavy outflows during crypto winter. The TVL dipped below $500 million in September last year and only managed…

A recent report from UBS Global Wealth Management estimates that artificial intelligence revenue will reach $1.2 trillion by 2027. The analysts believe “AI will be the most profound innovation and one of the largest investment opportunities in human history.”The report breaks the investment opportunity into three layers: (1) the enabling layer, (2) the intelligence layer, and (3) the application layer. Listed below are three brilliant AI stocks (one for each layer) that billionaires were buying in the second quarter.Andreas Halvorsen of Viking Global Investors bought 1.3 million shares of Nvidia (NASDAQ: NVDA).Ken Griffin at Citadel Advisors bought 1.1 million shares…

A bull market is raging for stocks, with the S&P 500 index hitting 42 record closing highs this year, while soaring more than 20%.Some experts think the party will keep right on rolling along. They cite strong earnings as one factor. S&P 500 earnings jumped 11.3% in the second quarter from a year earlier, according to FactSet. While analysts expect the expansion to decelerate to 4.6% in the third quarter, that’s still a buoyant number. TheStreet Pro columnist Doug Kass, one of the country’s foremost investors.TheStreet Interest-rate cuts by the Federal Reserve also will help stocks, bulls say, as the…

The altcoin market is showing promising signs of an uptrend as several cryptocurrencies have surged positively in the last 24 hours. The king of crypto coins, Bitcoin, has successfully breached the $65K mark, which has ushered in a bullish price wave for all leading crypto altcoins. While Shiba Inu is up 22% at press time, Dogecoin has risen 10% in the process, and the whole Cardano has finally breached its critical price juncture of $0.40. Will Doge and ADA continue to surge this weekend?Also Read: Shiba Inu Surges 22%: Why Is SHIB Up Today?Altcoin Market Lights Up The Market With…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseNovember 5, by all accounts, is set to be America’s first “crypto election”. Hundreds of millions of real dollars have poured into pro-crypto political action committees. Kamala Harris has talked about encouraging “innovative technologies”. Donald Trump, her rival for the presidency, has decided that bitcoin isn’t “a scam” after all, embarked on a series of crypto ventures and promises to make America “the crypto capital of the planet”. “The crypto voter is real, bipartisan and ready to engage this…

Investing.com — Institutional investors are showing renewed confidence in a U.S. soft landing, Morgan Stanley strategists said in a Wednesday note. After holding more than 150 meetings with institutional investors in North America, Morgan Stanley’s equity strategists noted a significant shift in sentiment toward the soft landing narrative. “We sensed far less hesitancy on the soft landing narrative than we had observed through the summer and into/during the recent growth scare,” the note states. The focus of many investor discussions centered around how to position for this scenario, with cyclicals and rate-sensitive stocks attracting interest. The term “goldilocks” surfaced frequently…

Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above.…

The union representing Boeing factory workers who are currently on strike in the Pacific Northwest said contract talks “broke off” with the company after their latest bargaining session. In an update posted on social media platforms X and Facebook, a regional district of the International Association of Machinists and Aerospace Workers asserted late Friday that Boeing “would not engage substantively” on key issues important to members — such as higher pay — and didn’t budge on calls to restore a defined-benefit pension that was axed 10 years ago. No further negotiation dates were scheduled after Friday’s session led by federal mediators, IAM District 751 said. The union added that it…

In the United States, National Coffee Day — an informal holiday most commonly known for the free and discounted coffees offered by certain cafes and fast-food chains — is celebrated annually on September 29th. International Coffee Day — the worldwide version of National Coffee Day — comes just two days later on October 1st.With 63% of Americans drinking coffee at least once a day, cafes, coffee companies, and other brands jump at the chance to promote their coffee-related products to this massive consumer base with freebies, deals, or discounts on or before National and International Coffee Days.Here, we round up…

The non-fungible token market has experienced a 4.2% drop in sales volume in the last seven days. This drop comes after a decent surge of 7.68% as reported in our last weekly NFT sales column. The latest data from Cryptoslam shows that NFT sales volume in the last seven days stood at $73.75 million. The numbers are down by 4.2% considering the $109 million sales volume in the week prior. Even though the NFT sales volume came down to the double digits, there has been a 132% surge in NFT buyers. Cryptoslam data shows that NFT buyers stood at 521,640…