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Global Rate Cuts Boost Dollar
According to a Goldman Sachs analyst, the US dollar is expected to remain strong despite upcoming Federal Reserve interest rate cuts, as other central banks are also easing their monetary policies in a synchronized global rate-cutting cycle. Read more
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US Trade Deficit at 2-Year High
The US trade deficit in goods has recently reached its highest level in two years, with figures showing a widening gap between imports and exports. According to reports from the U.S. Census Bureau, the deficit peaked at $100.62 billion in May 2024 before slightly narrowing to $96.84 billion in June, reflecting ongoing challenges in the… Read more
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Berkshire Hathaway’s $1T Valuation
Berkshire Hathaway, the conglomerate led by Warren Buffett, recently achieved a historic milestone by becoming the first non-technology company in the United States to reach a $1 trillion market capitalization. As reported by CNBC, this remarkable feat occurred just days before Buffett’s 94th birthday, highlighting the enduring success of his value-oriented investment strategy and diverse… Read more
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5 Real World Assets (RWA) Altcoins to Trade in September 2024
Real World Assets (RWA) Tokenization is gaining traction in the crypto market. If you’re an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights some of the most promising RWA altcoins to consider in September. Read more
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Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen. Read more
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Goldman Sachs Lowers Recession Odds
Goldman Sachs has revised its forecast for the probability of a U.S. recession within the next 12 months, lowering the odds from 25% to 20%. As reported by CNBC, this adjustment comes shortly after the investment bank had raised the probability from 15% to 25%, reflecting a rapidly evolving economic outlook based on recent data. Read more
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Analyst Foresees Explosive Bitcoin (BTC) Bull Market Rally
PlanB recently posted on X, highlighting how Bitcoin’s price has historically increased fourfold whenever it crossed above the 200-week Moving Average (MA). The 200 MA is a widely-used technical analysis tool that helps identify long-term trends for cryptocurrencies. Read more
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Gold Hits All-Time High — Why Isn’t Bitcoin Matching Its Gains?
While gold is hitting new highs, the oft-touted “digital gold” has failed to keep up. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value, just like the precious metal. And the biggest and oldest virtual coin has in the past performed like gold. Read more
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TON Leads Flat Crypto Market as HashKey Announces Catizen Partnership
One of the highlights of the Monday session was TON, the digital asset associated with Telegram. The token was up 5.6% as HashKey announced a partnership with the project. Read more
