Russia is currently facing many sanctions due to its attack on Ukraine. Many major companies have cut ties with the country, and governments globally have imposed sanctions on the nation.
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York.
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin.
The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June.
Bilibili Inc saw two of its gaming titles approved alongside this current batch, sending the gaming stock soaring 3.52% to HKD194.00.
US stock futures are currently in a jittery state and could take further cues from the incoming latest inflation report.
The US stock market seemed to be under pressure, losing out on all major sectors as key inflation data draws near.
European markets saw a drop in value across the board as energy costs intensify and the euro nears dollar parity.
The Nasdaq, S&P 500, and Dow all closed lower as US equities fell to begin the week ahead of anticipated quarterly reports.
Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years.
Sebastian Siemiatkowski, Klarna CEO, made an effort to downplay the impact of the company’s drop in valuation. Siemiatkowski stated the current position is a “testament to the strength of Klarna’s business.”
The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products.
The decision Musk has taken to back out of the Twitter deal has caused the company’s shares to crash as a legal battle brews.
The US stock market futures will always be an indication of how healthy the economy is at the time.
As a result of the rules violation and failing to disclose the concentration of business operators, Alibaba and Tencent might face a potential fine of as much as 500,000 yuan ($74,688).