Supreme Court of India YouTube channel hijacked to shill XRP
The Supreme Court of India’s YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream.
The Supreme Court of India’s YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream.
The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple Asia Pacific managing director Fiona Murray.
Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers.
German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.
“There still are opportunities here,” Erik Aarts at Touchstone Investments said.
The Invesco QQQ Trust has generated massive 400% returns over the past 10 years.
Tech stocks rallied after the Federal Reserve cut rates 50 basis points, with some of the Magnificent Seven names like Tesla (TSLA) and Nvidia (NVDA) leading the charge. Citi head of US equity strategy Scott Chronert joins Seana Smith and Madison Mills on Catalysts to discuss how to play the tech sector. “It's a buy the news, sell the news reaction to the Fed,” Chronert says. “The leadership this quarter has really been those areas of the market that are perceived beneficiaries of lower rates. So real estate, utilities, even the homebuilder ETFs have been hitting recent highs. In the meantime, tech is still lagging where it was last time the index was through 5,600." “Essentially what you have here… is that a bit of a profit taking on the news in those areas that have been perceived as rate sensitive. And, at the same time, a catch-up move in that mega-cap growth cohort that ultimately does benefit from lower interest rates, but has been a relative laggard thus far this quarter. All told, what you've got is an index moving higher.” Taking a look at the Magnificent 7, Chronert outlines Citi’s view on the group: “We've been arguing for the better part of this year that they're becoming more idiosyncratic in their behavior.” He explains that Nvidia, Apple (AAPL), and Microsoft (MSFT) — who control over 6% of the index — "those companies are going to be important to index price action and I think you're seeing that today. But, what we're focused on from this barbell angle is we want to be holders of those, but when you look at the rate of increase in this and forward-year earnings expectations, it's been a stair-step function for over a year now. It's beginning to decelerate.” For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Naomi Buchanan.
Threadneedle Street added that economic growth in the UK will slow in the second half of this year.
The average rate on a 30-year fixed mortgage has declined to 6.09%, according to the latest data from Freddie Mac. Yahoo Finance Senior Housing Reporter Claire Boston joins Market Domination to break down why mortgage rates have dropped to their lowest level since February 2023. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though most held policy steady: + The **Bank of England** held rates at 5%, as expected. Like the European Central Bank and some others, it started easing ahead of the Fed, cutting in August for the first time in four years. + The **South African Reserve Bank** became the first central bank to cut in the Fed's wake.