The sharp rise in the JPY/USD is causing a massive unwind of Yen carry trade positions and contributing to the sharp decline in US stocks. For those who do not understand how this works, a brief explanation
1) Many traders were borrowing Jap Yen (JPY) at low interest rates, converted them to USD and used this to buy US stocks
2) Now that the Bank of Japan (BOJ) is raising interest rates, the JPY has strengthened significantly against the USD.
The reason why Algorand this month was able to penetrate 0.2
First: Algorand Governace is open - Algorand governance puts you in charge of the future of Algo. Vote on changes to the protocol from your Algorand account and earn rewards.
Second: Vestige created a memecoin competition called rug.ninja -rug.ninja has succeeded in opening up new opportunities to create coins and trade them like the Solana ecosystem
Germany has sold all its bitcoins, our only concern is MT. Gox. But the question is, will the $BTC recipients also sell their $BTC BTC? Will you pump today? #Write2Earn!#MtGox
100% physically backed, the 21Shares Algorand ETP (ALGO) tracks the performance of Algo tokens. With its superior transaction speeds, Algorand is well-suited to support a wide range of use cases. It is also the only blockchain to achieve and maintain carbon-negativity since 2021. The 21Shares Algorand ETP provides investors with a regulated vehicle for simple and secure participation in the growth of the Algorand network. $ALGO
Crypto that has the potential to rise from the new MICA regulations
June 2024 Entry Into Application Title III and Title IVDecember 2024 Entry Into Application Titles I, II, V, VI and VIIMICA's new regulations prioritize fast and efficient payments for its users
As of my last update, the Markets in Crypto-Assets Regulation (MICA) primarily focuses on establishing a regulatory framework for crypto-assets within the European Union (EU). However, specific details regarding how MICA would apply to individual blockchain platforms like Algorand were not explicitly ou
The Securities and Exchange Commission (SEC) oversees the approval of ETFs (Exchange-Traded Funds) in the United States. To understand why the SEC approves ETFs, we can consider several reasons: 1. Market Efficiency and Transparency: ETFs are designed to track the performance of an index, commodity, or a basket of assets. By allowing ETFs, the SEC promotes market efficiency as these funds provide investors with a transparent and easy way to gain exposure to a diversified portfolio of assets. 2.
Matic Network, now known as Polygon, has garnered significant attention and adoption within the cryptocurrency community, particularly for its role in addressing scalability issues on the Ethereum network. Here are some key aspects to consider when evaluating Matic (Polygon): Scalability Solution: Matic (Polygon) aims to provide a scaling solution for Ethereum by using sidechains, which are connected to the main Ethereum blockchain. This architecture allows for faster and cheaper transactions c