Jerry Lin
The Latest
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Market Reacts to Potential Ether ETF Approval, Driving Crypto Gains
The cryptocurrency market witnessed a substantial surge on Monday, driven by rising speculation that Ether exchange-traded funds (ETFs) may soon receive regulatory approval from the U.S. Securities and Exchange Commission (SEC). This move has bolstered the prices of major cryptocurrencies, significantly impacting investor sentiment. The cryptocurrency market witnessed a substantial surge on Monday, driven by rising speculation that Ether exchange-traded funds (ETFs) may soon receive regulatory approval from the U.S. Securities and Exchange Commission (SEC). This move has bolstered the prices of major cryptocurrencies, significantly impacting investor sentiment. -
Bitcoin Surges Past $71,000 Amid Ether ETF Speculation, Leading to Major Market Movements
Bitcoin (BTC) experienced a significant surge on Tuesday, climbing above $71,000 for the first time since early April. The cryptocurrency's rally was fueled by speculation surrounding the potential approval of a spot ether exchange-traded fund (ETF) in the United States. Ether (ETH) also saw substantial gains, rising over 19% to $3,700. This surge in prices led to over $260 million in market-wide short liquidations, marking the largest liquidation event since February. Bitcoin (BTC) experienced a significant surge on Tuesday, climbing above $71,000 for the first time since early April. The cryptocurrency's rally was fueled by speculation surrounding the potential approval of a spot ether exchange-traded fund (ETF) in the United States. Ether (ETH) also saw substantial gains, rising over 19% to $3,700. This surge in prices led to over $260 million in market-wide short liquidations, marking the largest liquidation event since February. -
Gold Prices Soar to Record High Amid Geopolitical Tensions and Broader Metal Rally
Gold prices surged to a record high on Monday, fueled by escalating geopolitical tensions in the Middle East and a broader rally in metal markets. The increased demand for safe-haven assets saw spot gold rising nearly 1% to a record high of $2,440.56 per ounce, while gold futures expiring in June touched a record $2,444.55 per ounce. Gold prices surged to a record high on Monday, fueled by escalating geopolitical tensions in the Middle East and a broader rally in metal markets. The increased demand for safe-haven assets saw spot gold rising nearly 1% to a record high of $2,440.56 per ounce, while gold futures expiring in June touched a record $2,444.55 per ounce. -
Dollar Holds Firm Amid Anticipation of Fed Guidance
The U.S. dollar remained steady against the euro on Monday as investors eagerly awaited further guidance from Federal Reserve officials regarding the future path of U.S. interest rates. This comes after cautious remarks from Federal Reserve officials, despite signs of cooling inflation. The U.S. dollar remained steady against the euro on Monday as investors eagerly awaited further guidance from Federal Reserve officials regarding the future path of U.S. interest rates. This comes after cautious remarks from Federal Reserve officials, despite signs of cooling inflation. -
China's Market Regulators Engage European Investors to Boost Stock Market Confidence
China's market regulators are taking proactive steps to reinvigorate interest in the world's second-largest stock market by engaging with European investors this week. China's market regulators are taking proactive steps to reinvigorate interest in the world's second-largest stock market by engaging with European investors this week. -
Oil Prices Set for Weekly Gain Amid Positive Economic Indicators
Global oil prices steadied on Friday, positioning Brent crude for its first weekly gain in three weeks. Economic indicators from major consumers China and the United States have bolstered hopes for increased demand, contributing to the positive market sentiment. Global oil prices steadied on Friday, positioning Brent crude for its first weekly gain in three weeks. Economic indicators from major consumers China and the United States have bolstered hopes for increased demand, contributing to the positive market sentiment. -
Bitcoin Surges Above $66,000 as Inflation Eases, Boosting Market Sentiment
Bitcoin surged past $66,000 early Thursday morning, driven by signs of easing inflation in the U.S., marking a significant uptick in the cryptocurrency market. This notable rise comes as the digital asset experiences a 6.6% increase from the previous day, reaching $66,245.22 at the time of writing. This marks an 8.3% gain from last week, with $82 billion worth of Bitcoin traded over the past 24 hours, according to Coinglass. Bitcoin surged past $66,000 early Thursday morning, driven by signs of easing inflation in the U.S., marking a significant uptick in the cryptocurrency market. This notable rise comes as the digital asset experiences a 6.6% increase from the previous day, reaching $66,245.22 at the time of writing. This marks an 8.3% gain from last week, with $82 billion worth of Bitcoin traded over the past 24 hours, according to Coinglass. -
Crypto Craze Hits New Heights in South Korea with 10% of Population Trading
The enthusiasm of retail investors in South Korea for cryptocurrency is notable, demonstrating a robust gambling spirit. The enthusiasm of retail investors in South Korea for cryptocurrency is notable, demonstrating a robust gambling spirit. -
Japan's Economy Contracts Sharply, Complicating Central Bank's Rate Hike Plans
Japan's economy contracted significantly in the first quarter, posing a fresh challenge to policymakers as the Bank of Japan (BOJ) navigates its path away from near-zero interest rates. Preliminary gross domestic product (GDP) data from the Cabinet Office released on Thursday indicated a 2.0% annualized contraction from the previous quarter, outpacing the 1.5% decline forecasted by economists in a Reuters poll. Japan's economy contracted significantly in the first quarter, posing a fresh challenge to policymakers as the Bank of Japan (BOJ) navigates its path away from near-zero interest rates. Preliminary gross domestic product (GDP) data from the Cabinet Office released on Thursday indicated a 2.0% annualized contraction from the previous quarter, outpacing the 1.5% decline forecasted by economists in a Reuters poll. -
U.S. Inflation Eases in April, But Core Prices Remain Stubbornly High
U.S. consumer price increases cooled slightly in April, offering a glimmer of relief amid persistent inflationary pressures. The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% year-over-year, according to the Bureau of Labor Statistics. This marks a deceleration from March's 0.4% monthly increase and 3.5% annual gain. U.S. consumer price increases cooled slightly in April, offering a glimmer of relief amid persistent inflationary pressures. The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% year-over-year, according to the Bureau of Labor Statistics. This marks a deceleration from March's 0.4% monthly increase and 3.5% annual gain.