FTX’s Trailblazing Sell-Off: The $1 Billion Grayscale Bitcoin ETF Fallout

In a surprising turn of events, FTX’s bankruptcy estate recently executed a substantial sell-off, unloading approximately $1 billion worth of Grayscale’s Bitcoin ETF. This significant move has sent shockwaves throughout the cryptocurrency market, further contributing to the ongoing volatility triggered by the recent approval of multiple Bitcoin ETFs. FTX’s Significant Role in the Market Shift…

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From Debt Drop to Dividend Delight? UK Borrowing Plunge Hints at Hunt’s Tax Cut Plans

The UK government’s borrowing in December came in at £7.8 billion, a significant drop from the previous year and well below the £14 billion estimated by the Office for Budget Responsibility (OBR). A primary driver behind this unexpected decrease was the reduction in inflation-related debt interest costs. Fiscal Year Snapshot and Potential Tax Cuts Borrowing…

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stock Market

China’s Market Chasm: A $38 Trillion Gulf Emerges with US Stocks

In the tumultuous landscape of global markets, the gulf between China’s stock market and its US counterpart has reached an astonishing $38 trillion, marking an unprecedented disparity. As losses continue to mount in an unrelenting equity rout, the once-booming Chinese market faces headwinds that show no signs of abating. Also read: Ripple’s Legal Battle Casts…

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Massive Intervention: China Pours $278 Billion to Stabilize Stocks

The Chinese stock market has been experiencing a tumultuous start to the year, grappling with factors such as patchy economic growth and a renewed slump in home sales. In response to the market’s downturn, Chinese authorities are reportedly contemplating measures to stabilize the situation. Bloomberg News, citing sources familiar with the matter, revealed that policymakers…

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