Quick Look: Akash Network’s price rose from $4 to a peak of $7 following its listing on Upbit. From $1 billion to $1.45 billion, with a trading volume boost of 1560%. Akash Network will host a decentralised AI summit in May, potentially boosting AKT further. The Akash Network token (AKT) has witnessed a substantial 50% …
Akash Network’s AKT Rises 50% Post-Upbit Listing Read More »
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Quick Look: South Korea’s shadow banking has grown to S$85.8 trillion, with a high delinquency rate of 6.55%. Soaring debts in real estate, highlighted by Taeyoung’s restructuring and a US$66 billion government intervention. Significant funds enrich the tech sector with major semiconductor projects led by SK Hynix and Samsung. The global economy grapples with fluctuating …
South Korea’s Economic Turmoil in a Shifting Global Landscape Read More »
Quick Look: The New Zealand Dollar plunged by 0.92% after inflation data came in lower than expected at 0.1% for Q1 2024. The Reserve Bank of New Zealand plans to cut rates with inflation below target. Forecasts are suggesting two reductions this year. Geopolitical tensions between Israel and Iran escalated, influencing global equity and commodity …
NZD: Global Markets Waver Amid New Zealand Inflation Read More »
Quick Look: ASML reports mixed Q1 2024 results: Sales €5.29B, profits decline 40.39%. Christophe Fouquet appointed as new CEO; maintains €27.6B full-year sales forecast. China sales hit €2B, 49% of total; U.S.-led export curbs affect semiconductor industry. ASML expands US presence; anticipates industry rebound by 2025 with continuous investments. ASML is a global leader in …
ASML Q1: Sales Drop 21.6%, Profit Beats with €1.22B Read More »
Quick Look:: London cocoa futures dropped after reaching record highs due to severe supply shortages. Ghana postponed cocoa delivery, and the Ivory Coast stopped forward sales, escalating market anxieties. Ivory Coast and Ghana saw significant drops in cocoa production, tightening global supplies. Early grinding reports show declines across major regions, reflecting high prices and inventory …
Cocoa Market Crisis: Prices Volatile Amid Shortages Read More »
Quick Look: OpenAI embarks on a global roadshow featuring advanced AI solutions like ChatGPT Enterprise. Launch of GPT-4 Turbo, offering new capabilities, including image analysis and website generation. Opens new office in Japan, targeting local industries with AI tools and forming key partnerships. Actively developing GPT-5, set to launch in 2025 with anticipated advancements in …
OpenAI’s Global Push: Roadshows, New AI Tech, Japan Entry Read More »
Quick Look: Apple updated its spyware threat notification system to better inform iPhone users about risks. Collaborated internationally to combat spyware misuse, with an initiative now including 11 countries. Sent global threat notifications to iPhone users in 92 countries, warning of spyware attacks and advising caution. In 2024, issued warnings in India about targeted Pegasus …
Apple Battles Spyware: Global Alert And Enhanced Security Read More »
Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY volatility. Speculation grows with Yen surpassing the 153 mark, hinting at potential Japanese intervention. Technical indicators suggest a bullish USD/JPY trend, but BoJ intervention remains a caution. Short-term outlook focuses on US data, FOMC speeches, and possible Japanese intervention effects. The USD/JPY pair …
USD/JPY Faces Volatility: Intervention & Global Risks Loom Read More »
Quick Look: Bitcoin’s value soared past $72,000, igniting investor interest ahead of the April 20 reward halving. The upcoming halving will cut the block reward to 3.125 BTC, expected to trigger a bullish market trend. Altcoins and crypto stocks like Coinbase and MicroStrategy posted gains, reflecting broad market optimism. Conversely, the NFT market experienced a …
Quick Look: USD/JPY approaches 152.00, with support at 151.20, hinting at further gains. Technicals show USD/JPY bullish above 150.50, with critical supports at 151.20 and 150.65. Market watchers for potential Japanese intervention around the 155.00 level. Upcoming U.S. jobs report critical for currency and interest rate directions. The USD/JPY pair has made significant headlines as …
USD/JPY Nears 152 Amid US Jobs Data Anticipation Read More »
Quick Look: Thailand and Singapore emphasize digital and green economies, deep tech, and smart cities. The economic outlook for Thailand in 2024 projects growth of 2.8%-3.3%, with calls for governmental action to stimulate the economy. Ongoing EU-Thailand trade talks seek to balance economic growth with democratic principles. The partnership aims for economic resilience and innovation, …
Singapore-Thailand Talks Boost Digital & Green Growth Read More »
Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied forecasts for major currencies. The USD Index (DXY), a barometer for the U.S. dollar’s strength against …
Quick Look: The crypto market sees a significant downturn, with over $500 million liquidated across 150,000 traders. Bitcoin drops below $66,500; major cryptocurrencies like ETH, DOGE, and SHIB experience sharp declines. The market recalibrates expectations, now foreseeing less aggressive rate cuts by the Federal Reserve. Economic shifts and the monetary policy landscape pose challenges to …
Crypto Crash: $500M Liquidated, 150K Traders Hit Read More »
Quick Look: The Japanese Yen to Dollar is under scrutiny due to economic indicators and Fed commentary. GBP/JPY struggles below 190.50, influenced by Japanese verbal interventions, geopolitical tensions, and the BoE’s dovish stance. For the Japanese Yen, bullish signals show potential for an upside. Geopolitical factors sway GBP/JPY’s direction. USD/JPY movement hinges on PMIs, BoJ/Fed …
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