Ethena’s synthetic dollar token USDe has been listed on Mercado Bitcoin, Brazil’s largest crypto exchange, to meet growing demand for USD-pegged stablecoins in Latin America. USDe, launched in 2023, uses a unique delta-hedging strategy involving crypto derivatives to maintain its dollar peg and generate yield for holders. This listing expands USDe’s presence in a key Latin American market known for proactive crypto regulation and could influence regional digital asset frameworks. The integration also follows a recent partnership with Coinbase, highlighting USDe’s growing footprint in major crypto platforms.
Bitcoin surged above $81,000 following comments from Federal Reserve governor Christopher Waller suggesting rates may stay unchanged if inflation data improves. This eased fears of another rate hike, causing US Treasury yields and the dollar to weake...
Terrestrial Energy is rated as a 'Buy' with a fair value target of $9 per share, suggesting an 80% upside from current levels. The company's IMSR technology uses a replaceable Core-unit and low-enriched uranium fuel, enabling recurring revenues and r...
The cryptocurrency market surged by over $112 billion on September 3, with Bitcoin climbing above $81,000. This rally was driven by a drop in US government bond yields and Federal Reserve Governor Christopher Waller's comments suggesting a possible p...
UiPath, Inc. has been downgraded due to its valuation no longer supporting a bullish outlook, despite demonstrating strong cost control and operational efficiency. The company's revenue growth remains steady at 12%, but it lacks the rapid acceleratio...
The probability of a Federal Reserve rate hike in September has fallen to an even 50/50, down from 70% just a day earlier, according to CME's FedWatch tool. This shift coincides with Bitcoin rallying toward $82,000 as market expectations for aggressi...
