CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by
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Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR)
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UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and
Read moreBitcoin leads $321M crypto inflows following Fed rate reduction
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
Read moreGold hits new high as Bitcoin rallies to month high at above $64K
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.
Read moreBitcoin is pinned below $65K but several market structure-altering factors are at play
Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory.
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