Jerry Lin
The Latest
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Bitcoin Teeters on the Edge: Analysts Warn of Potential Sell-Off Below $60K
As Bitcoin hovers around the critical $60,000 threshold, market analysts are sounding alarms over potential sharp declines that could trigger widespread selling pressures. This scenario unfolds as the cryptocurrency struggles to sustain its recent gains, with any drop below $60,000 likely to escalate into a panic sell-off, according to prominent crypto trader Alex Kuptsikevich of FxPro. 
As Bitcoin hovers around the critical $60,000 threshold, market analysts are sounding alarms over potential sharp declines that could trigger widespread selling pressures. This scenario unfolds as the cryptocurrency struggles to sustain its recent gains, with any drop below $60,000 likely to escalate into a panic sell-off, according to prominent crypto trader Alex Kuptsikevich of FxPro. -
Oil Prices Stabilize at $83 Amid Global Economic Uncertainties and OPEC Speculations
Oil prices showed little change early this week, stabilizing around $83 for Brent crude as the markets digested a mix of economic signals and awaited key inflation data from the United States. 
Oil prices showed little change early this week, stabilizing around $83 for Brent crude as the markets digested a mix of economic signals and awaited key inflation data from the United States. -
China's Consumer Prices Rise for Third Consecutive Month, Signaling Domestic Demand Recovery
China's consumer prices have risen for the third consecutive month in April, while producer prices continue to decline, indicating an improvement in domestic demand as Beijing navigates the challenges of bolstering a faltering economy. 
China's consumer prices have risen for the third consecutive month in April, while producer prices continue to decline, indicating an improvement in domestic demand as Beijing navigates the challenges of bolstering a faltering economy. -
US Weekly Jobless Claims Reach Highest Level Since August 2023, Signaling Potential Labor Market Slowdown
According to the Labor Department's report released on Thursday, jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and surpassing the Dow Jones estimate of 214,000. This marks the highest claims number since Aug. 26, 2023. 
According to the Labor Department's report released on Thursday, jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and surpassing the Dow Jones estimate of 214,000. This marks the highest claims number since Aug. 26, 2023. -
Oil Prices Strengthen as US Inventories Fall, China Imports Surge
Oil markets experienced a notable upswing on Thursday, bolstered by significant developments in the United States and China, the world's top two crude consumers. Prices were lifted as U.S. crude inventories showed a larger-than-expected drawdown and Chinese imports increased, signaling a potential uptick in global oil demand. 
Oil markets experienced a notable upswing on Thursday, bolstered by significant developments in the United States and China, the world's top two crude consumers. Prices were lifted as U.S. crude inventories showed a larger-than-expected drawdown and Chinese imports increased, signaling a potential uptick in global oil demand. -
FTX Customers To See Full Repayment of Lost Funds, With Interest
Bankrupt exchange FTX has announced that nearly all of its customers will receive full repayment of their lost funds, plus interest. This unexpected outcome comes nearly 18 months after the scandalous collapse of the exchange. 
Bankrupt exchange FTX has announced that nearly all of its customers will receive full repayment of their lost funds, plus interest. This unexpected outcome comes nearly 18 months after the scandalous collapse of the exchange. -
Bank of England Holds Rates, Signals Potential June Cut Dependent on Upcoming Data
The Bank of England (BOE) has taken a cautious step towards potentially lowering interest rates, as its Monetary Policy Committee (MPC) voted 7-2 to maintain rates at their current level of 5.25%. 
The Bank of England (BOE) has taken a cautious step towards potentially lowering interest rates, as its Monetary Policy Committee (MPC) voted 7-2 to maintain rates at their current level of 5.25%. -
Ripple Fights Back Against SEC's 'Unfair' $2 Billion Penalty, Accusing Regulator of Disrespecting International Standards
The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture, with both sides fiercely contesting the appropriate penalties and injunctions in their final briefs. 
The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture, with both sides fiercely contesting the appropriate penalties and injunctions in their final briefs. -
Rising Dollar Strengthens as Yen Weakness Triggers Intervention Warnings from Japan
The dollar gained momentum on Wednesday, bouncing back from recent lows driven by expectations of Federal Reserve rate cuts, while the Japanese yen continued its decline, prompting official warnings from Tokyo about potential market interventions. This movement in currency markets highlights a tense dynamic as central banks globally adjust their policies in response to shifting economic signals. 
The dollar gained momentum on Wednesday, bouncing back from recent lows driven by expectations of Federal Reserve rate cuts, while the Japanese yen continued its decline, prompting official warnings from Tokyo about potential market interventions. This movement in currency markets highlights a tense dynamic as central banks globally adjust their policies in response to shifting economic signals. -
China Continues Gold Buying Streak for 18th Month Amid Record Prices
China's strategic acquisitions of gold have marked an 18th consecutive month of purchase by the People's Bank of China (PBOC), despite the diminishing pace of buying due to unprecedented high prices. 
China's strategic acquisitions of gold have marked an 18th consecutive month of purchase by the People's Bank of China (PBOC), despite the diminishing pace of buying due to unprecedented high prices.
