Investment-grade credit default swap (CDS) prices fell below 50 basis points, nearing lows not seen since February 2020, indicating improved credit market confidence. Meanwhile, the VIX volatility index dropped below 14 for the first time since December, signaling reduced market fear. Ten-year Treasury yields rose to 4.78%, approaching multi-year highs last seen in October 2023. The market lowered the probability of a Federal Reserve rate cut in September from 65% to 50% following dovish comments from Fed governor Waller, reflecting cautious optimism about economic conditions and monetary policy direction.
Pineapple Financial, a mortgage lender listed on NYSE American, has tokenized over $1 billion in residential mortgage data on the Injective blockchain, marking a major step in blending traditional finance with blockchain technology. The project start...
Polymarket plans a $1 billion funding round valuing the prediction market platform at $21 billion, led by Donald Trump Jr.'s 1789 Capital. Cronos reversed its blockchain after a $75 million exploit in the Tectonic lending protocol, restoring the netw...
Hurco, a machine tool manufacturer, is showing signs of recovery after a tough industry downturn, with shares up over 30%. Recent results reveal strong year-over-year order growth but some sequential declines and regional differences, especially in E...
Hyperliquid's native token HYPE reached a new all-time high of $88, up over 51% in the past month, driven by strong trading volume and a $379 million buyback program. A large unidentified holder recently accumulated 2.9 million HYPE tokens, boosting ...
Bitcoin fell more than 2% on Friday, dropping from $81,300 to a low of $78,600 after U.S. August jobs data showed a stronger-than-expected 162,000 payroll increase, raising expectations for a Federal Reserve rate hike. Despite the pullback, Bitcoin i...
