and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.
Bitcoin Slides. Why Fears About ‘Curve DeFi’ Are Hitting Prices.
08/01/2023 19:52
and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.
Bloomberg
Crypto Token of Key DeFi Exchange Curve Finance Sinks After Exploit
(Bloomberg) -- The native token of one of crypto’s top decentralized exchanges tumbled after the platform said it had been “exploited” as a result of a vulnerability in a programming language.Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationAsia’s Richest Families Fuel Race for Lucrative Finance JobsMyanmar Junta Pardons Aung San Suu Kyi on Some ChargesSingapore PM to Address Political Scandals in
CoinDesk
Bitcoin Taught Me a Valuable Lesson at Austin’s Airport
The principle of transacting with minimal information is an important one and (spoiler alert) it doesn’t happen because you used a blockchain. Galen Moore is the global communications lead at Axelar. My first embarrassment was on CoinDesk TV, where the handsome George Kaloudis and I had the pleasure of interviewing Franklin Templeton CEO Jenny Johnson.
Bloomberg
Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in US Shale
(Bloomberg) -- The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyStock Bulls in Charge as S&P 500 Exte
The Wall Street Journal
Tupperware Stock Skyrockets 24% Ahead of the Opening Bell
Shares of Tupperware soared more than 20% ahead of the opening bell, continuing a meteoric rally that has more than quadrupled the value of the stock since the start of July. The gains are reminiscent of the meme stock mania that swept markets in recent years, when a speculative frenzy sent shares of [struggling mall retailers](https://www.wsj.com/articles/its-hard-to-play-the-market-with-bed-bath-beyond-these-meme-stock-investors-are-trying-2d49d9ae) spiraling. Tupperware's stock was worth less than $1 in early July and recently traded at around $4.27.
TipRanks
Billionaire Mark Mobius Says Emerging Market Stocks Are the Place to Be Right Now; Here Are 2 Names That Analysts Like
Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I
Barrons.com
U.S. Stock Futures Slip Into August After Best First 7 Months in Decades
U.S. stock futures slipped lower on Tuesday, starting August trading on the back foot after the S&P 500 and Nasdaq notched their best first seven months of a year in decades. S&P 500 futures shed 0.1%, with contracts tracking the tech-heavy Nasdaq down 0.2%. The Nasdaq Composite, which has torn 37% higher since the start of the year, logged its best first seven months since 1975.
TipRanks
‘It’s a Profitable Time’: Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
TipRanks
Seeking at Least 9% Dividend Yield? This 5-Star Analyst Suggests 2 Dividend Stocks to Buy
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that the latest