News

🇺🇸 US Commences $50B Treasury Buyback, 50 bps Fed Rate Cut Odds Surge

The U.S. government is set to kickstart a whopping $50 billion Treasury buyback plan on August 6, coinciding with speculations around an emergency Fed rate cut.

On Tuesday, August 6, 2024, the United States will kickstart the ambitious Treasury buyback program. This initiative aims at purchasing $50 billion worth of Treasury securities by the end of October. Moreover, it comes at a crucial juncture as the U.S. Federal Reserve is expected to announce an emergency interest rate cut soon.

🚨 Ronin Bridge Faces Hack With $12M Ethereum, USDC Stolen

Ethereum Layer-2 Ronin Bridge is reportedly facing a hack owing to two suspicious transactions that indicated a theft of $12 million in crypto assets.

In a significant blow to the Ronin Network, the blockchain bridge has reportedly been hacked. It has resulted in the theft of approximately $12 million in Ethereum (ETH) and USD Coin (USDC). The Ronin bridge hack marks yet another chapter in the troubled history of the network, which previously suffered a devastating $600 million hack in March 2022.

⚠️ Iran-Backed Hezbollah Attacks Northern Israel, Brace For Market Impact

Hezbollah carried out drone attacks on northern Israel after Iran and Hezbollah earlier confirmed retaliation against Israel. Stocks and Crypto markets brace for imapct.

The geopolitical tensions in the Middle East escalated as Hezbollah carried out drone attacks on northern Israel. Iran and Hezbollah earlier confirmed retalization against Israel within 24 to 48 hours. Global stocks and crypto markets face renewed negative sentiment amid new drone attacks in Israel. The country recently killed Hamas leader Ismail Haniyeh in an airstrike.

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⚠️ Arthur Hayes Issues Dire Warning On Another Stock & Crypto Market Crash

BitMEX co-founder Arthur Hayes predicts another wave of stock and crypto market crash amid high risks of huge leveraged positions by traders.

Crypto billionaire Arthur Hayes surprises the crypto market with his yet another bold prediction that a second wave will follow soon after the recent crypto market crash. He believes the current respite is only temporary and market volatility will continue to persist in stocks and crypto markets.

Goldman Sachs Panic Index jumped to its highest level since 2020 amid huge volatility in the TradFi markets. Traders took wait-and-watch strategy awaiting stability in the broader markets.

📈 PEPE Price Jumps 23% Today: Why It’s A Bull Trap

Pepe price is trading within a descending channel, and key resistance levels are at the 50 and 200 days EMAs. Indicators suggest a potential short-term bounce.

Pepe price spiked over the last 24 hours in line with the recovering markets, joining the ranks of the handful of crypto assets leading this rally. The recent Bitcoin crash shook the entire crypto market, leaving the frog-based meme coin down 51% in a week, causing significant losses for many investors. Despite the 24% jump over the past day, PEPE is still down 34% over the last seven days.

🔺 TRON Price Recovers as Justin Sun Quashes Liquidation Rumors

​​TRON price demonstrates resilience amid market fluctuations, with Justin Sun debunking crypto market liquidation rumours and emphasizing blockchain development.

After a period of bearish control, the TRON price has shown signs of a promising rebound. In recent days, the global cryptocurrency market has experienced a significant downtrend, affecting various major digital assets.

Despite this challenging environment, TRX has started to display signs of recovery, indicating a potential shift in market dynamics. This resurgence in TRON’s value coincides with recent developments involving TRON’s founder, Justin Sun.