Bitcoin (BTC) is experiencing significant price fluctuations, recently dropping to an intra-day low of $66,569. This decline comes amidst several key factors influencing the market, including a strengthening U.S. dollar, political uncertainties surrounding the upcoming U.S. presidential election, and increased selling pressure from recent futures market liquidations. As Bitcoin struggles to maintain momentum above $68,000, these elements are contributing to its current volatility.   Current Situation:  Price Movement: Bitcoin (BTC) has recently dropped to an intra-day low of $6 ..read more

BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced its largest inflow in over four months on July 22, with over $523 million entering the fund. The ETF acquired 7,759 BTC, boosting its total assets under management to 333,000 BTC, valued at approximately $22 billion.  This surge in inflows places July 22 among the top seven largest single-day inflow records for IBIT. The fund’s previous largest inflow occurred on March 18, totaling $849 million.  The influx of funds coincided with the approval of several spot Ether ETFs in the U.S., whi ..read more

Reckitt Benckiser Group Plc (LON:RKT) has announced a series of strategic actions aimed at reshaping the company into a world-class consumer health and hygiene organization. This initiative focuses on enhancing the company's growth and margin profile, sharpening its brand portfolio, and simplifying its organizational structure to maximize long-term value for shareholders. Focus on Powerbrands Reckitt plc will concentrate on a portfolio of market-leading "Powerbrands" that have high growth and margin potential. These brands, cherished by consumers, hold leading market shares in categories with ..read more

easyJet (LON: EZJ) has reported a significant improvement in its third-quarter profit, with a year-on-year increase of £33 million. This growth is driven by strong demand for its primary airport network. The airline's passenger numbers rose by 8%, and revenue per seat (RPS) increased by 1% year-on-year. However, the headline cost per seat excluding fuel (CPS ex fuel) saw a 1% increase, and the 1% increase in average sector length resulted in flat headline cost per available seat kilometer (CASK) ex fuel year-on-year. easyJet holidays continues to perform robustly, with a profit before tax (PBT ..read more

Informa PLC (LSE:INF) and Ascential PLC have announced an agreement for a recommended cash offer by Informa for the entire issued and to be issued share capital of Ascential. The transaction is intended to be carried out via a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the offer, each Ascential shareholder will receive 568 pence in cash for each Ascential share held. This offer values Ascential at approximately £1.2 billion on a fully diluted basis. Premium and Financial Terms The cash consideration represents a significant premium: 53% over ..read more

NPC Labs, a GameFi infrastructure startup founded by former Coinbase employees, has secured $21 million in funding to accelerate the development of gaming projects on Base, Coinbase’s Ethereum layer-2 network. Key Investors and Funding Details The funding round was led by Pantera Capital, a prominent cryptocurrency-focused venture capital firm, which contributed $18 million. Additional investments came from Makers Fund, Hashed, Mirana Ventures, and several other backers, as reported by VentureBeat and shared on NPC’s official channels. Empowering Game Developers NPC Labs aims to empower game d ..read more

The cryptocurrency market experienced a flurry of activity and significant volatility following United States President Joe Biden's unexpected withdrawal from the 2024 presidential election race. Within a brief 30-minute window on July 21, nearly $67 million in leveraged long positions were liquidated as Bitcoin's price plummeted by 2.3%, dropping to $65,880, as reported by CoinGlass. However, the market swiftly rebounded, with Bitcoin recovering to a 24-hour high of $68,480. This sharp recovery led to a cascade of losses totaling $34 million for traders holding leveraged short positions. Mark ..read more

Bitcoin (BTC) is experiencing significant price fluctuations, recently dropping to an intra-day low of $66,569. This decline comes amidst several key factors influencing the market, including a strengthening U.S. dollar, political uncertainties surrounding the upcoming U.S. presidential election, and increased selling pressure from recent futures market liquidations. As Bitcoin struggles to maintain momentum above $68,000, these elements are contributing to its current volatility.   Current Situation:  Price Movement: Bitcoin (BTC) has recently dropped to an intra-day low of $6 ..read more

The price of Ether (ETH) is anticipated to be sensitive to inflows from new spot ETFs in the coming days, according to crypto analytics firm Kaiko. The launch of spot Ethereum ETFs, which began trading on July 23, is being closely watched, especially given the tepid response to Ethereum futures ETFs in late 2023. Kaiko's Will Cai highlighted that while it might take months to gauge full demand, initial ETF inflows could significantly impact ETH’s price.  One immediate effect could be potential outflows from the Grayscale Ethereum Trust (ETHE), which has previously enforced a six-month loc ..read more

Vodafone Group Plc (LSE: VOD) has announced the sale of an additional 10% stake in Oak Holdings GmbH—the entity co-controlling Vantage Towers—for €1.3 billion. This transaction aligns with the company's strategic goal to achieve a 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR, as initially planned. Details of the Sale Vodafone has sold the 10% stake at €32 per share, maintaining the same price as the initial transaction disclosed on November 9, 2022. This sale increases the total net proceeds from Vantage ..read more