The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in
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Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC price being 50% below all-time highs. The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.” $34,000 BTC price returns over 80% of Bitcoin addresses to profit Bitcoin may be nearing 18-month highs, but its
A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 in various memecoins from users. On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said on Tuesday that its troops had moved deeper into the Gaza Strip as it stepped up its assault on Hamas, hours after Prime Minister Benjamin Netanyahu rejected calls for a ceasefire and said
“Today is a good day,” declares Graeme Watters, as he watches the 114 turbines at the giant Seagreen wind farm rotate. It is mid-October, and the project that began off Scotland’s east coast almost 14 years before is now fully operational. Seagreen, a joint venture between French group TotalEnergies and SSE Renewables, a division of
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. One of the puzzles about generative artificial intelligence is why the text it conjures is so long-winded. Why does ChatGPT produce 10 paragraphs when one would do? Another puzzle is how we will all behave
For more than a decade, Israel’s military leadership grudgingly acknowledged one overriding trait in its Gaza enemy: Hamas knew how to bide its time. “Let the beast sleep until you’re ready,” was the mantra of Mahmoud Ajrami, a veteran Palestinian fighter who has trained a generation of Gaza militants. The examples were aplenty. In 2018,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has restricted western companies selling their Russian assets from withdrawing the proceeds in dollars and euros, imposing additional de facto currency controls in an effort to shore up the weakening rouble. Western companies exiting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spending on temporary workers and consultants has increased across many UK government departments, sparking accusations that Whitehall has failed to invest in skills across the civil service. The number of temporary staff and consultants employed
There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, ETF commentator Dave Nadig posed whether
10/30/2023, 11:52:14 PM What to watch in Asia today George Russell in Hong Kong Events: Many Asia-Pacific cities celebrate Halloween, but Seoul will be cautiously marking a year since a surge of revellers resulted in 151 deaths and more than 80 injuries. Tokyo’s busy Shibuya district has imposed a policy of no alcohol in the
Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge fund manager Paul Tudor Jones, where he made comparisons between Bitcoin and gold
Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. Inflows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week. Digital asset investment products saw inflows of US$326m, the largest single
The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase. Deribit BTC options daily volume, in BTC. Source: Deribit It’s worth
Municipals were slightly weaker in spots, U.S. Treasury yields rose while equities made gains to kick off the FOMC-driven week. While most analysts do not expect the Fed to raise rates this week, uncertainty over December looms and volatility in U.S. Treasuries continues, moves that have mostly taken municipals along for the ride to higher
The Puerto Rico Oversight Board defended its proposed supplemental disclosure statement and plan of adjustment in a court filing, and asked the judge to dismiss objections claiming the plan was unconfirmable. The board asked the United States District Court for the District of Puerto Rico to reject the challenges made in mid-October by GoldenTree Asset
Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it in a $44bn deal. In an internal note sent to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of mourners have flocked to Li Keqiang’s childhood home to pay their respects to a reformist politician many saw as the “people’s premier”, creating a potential political challenge for Chinese president Xi Jinping. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A British Conservative MP has been sacked from his role as a ministerial aide after breaking ranks with the government by calling for a ceasefire in Israel and Gaza. Paul Bristow was fired as a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli prime minister Benjamin Netanyahu sought to convince European leaders to put pressure on Egypt into accepting refugees from Gaza, according to people briefed on the discussions. The idea, which he put forward in meetings with