Author: Charlotte

LayerZero [ZRO] plunged 15.58% over the past 24 hours as broader altcoin weakness intensified across the market. Total crypto market capitalization fell 2.85% during the same period, while Bitcoin dominance climbed to 57.8%, highlighting a defensive rotation away from smaller-cap assets. ZRO’s decline far exceeded Bitcoin’s 1.9% drop, showing that traders had aggressively reduced exposure to higher-beta tokens. Trading activity also weakened considerably, with daily volume dropping 50.72% to $67.68 million. As a result, ZRO lost market value rapidly and underperformed most major assets. However, the sharp sell-off reflected a broader risk-off environment rather than an isolated LayerZero-specific event.Why are…

China Achieves Major Breakthroughs in Aerospace, Clean Energy, and Infrastructure Pandaily Source link

Investors are parking cash at a pace that would make a valet jealous. US money market fund assets hit $8.281 trillion as of May 28, a $66 billion jump in a single week, according to Crane Data LLC. The numbers behind the rush Of the $66 billion weekly inflow, roughly $41 billion landed on a single Thursday during month-end portfolio rebalancing. Year-to-date inflows now total $172 billion through the end of May. Money market fund assets have grown by 112%, or $4.4 trillion, since pandemic-era lows in 2020. The seven-day average yield on money market funds stood at 3.34% by…

A recent report by Oobit disclosed that in almost all Latam markets, most stablecoin transactions were completed using $USDT, which acts as the de facto dollar proxy in the region. In addition, the company highlighted that the region’s use of stablecoins was akin to cash. Key Takeaways: Oobit reported $USDT holds up near 100% of the stablecoin market volume across Latam, cementing Tether’s dominance. Spurring 202% growth in Brazil, Oobit links self-custody wallets to Visa’s 150M merchant network. Colombia became Oobit’s 9th live market, scaling daily cash-like crypto usage for local economies. Oobit Highlights Tether’s Domain Of Latam’s Stablecoin Markets…

BUTTE, Mont. — The Public Works Department for Butte-Silver Bow announced sprinkle restrictions are in place starting Thursday. Residents aren’t allowed to water their lawns from 10 a.m. to 8 p.m. or on the 31st of each month.Folks can water their lawns from 8 p.m. to 10 a.m. People with even numbered address can water on even days, while residents with odd numbered addresses can water on odd days, according to officials.Violators can receive a $100 fine.The City-County of Butte-Silver Bow Public Works released the following information: Source link

Trends in Competition in the United States: What Does the Evidence Show? The University of Chicago Press: Journals Source link

What Happened? Shares of computer processor maker AMD (NASDAQ:AMD) fell 6.5% in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year. The damage spread globally: South Korea’s Kospi fell 5.5%, with Samsung down 6.4% and SK Hynix nearly 10%. European names followed: ASML fell 3.8% and Infineon lost more than 6%. Broadcom’s guidance miss reset expectations for the pace of hyperscaler AI chip spending, removing the sector’s most visible growth catalyst. The 172,000-payroll print then eliminated near-term rate cut hopes and introduced rate…

Piper Sandler Companies recently reshaped its leadership, naming Rob Parker and Tripp Griffin co-heads of services and industrials investment banking, while elevating Matt Sznewajs and John Tye to vice chairmen of investment banking and co-heads of a new private equity advisory effort alongside David Lee. This reorganization highlights how a dedicated private equity advisory platform, already tied to roughly half of Piper Sandler’s advisory revenue, is becoming a central focus of the firm’s growth ambitions. We’ll now examine how the expanded private equity advisory leadership could influence Piper Sandler’s existing investment narrative and future business mix. Rare earth metals are…

Janus Henderson U.S. Real Estate ETF to Close DENVER–(BUSINESS WIRE)–Janus Henderson Group plc (NYSE: JHG) today announced plans to close and liquidate the Janus Henderson U.S. Real Estate ETF (JRE) as a result of a standard review of the firm’s exchange-traded product line-up. Janus Henderson regularly reviews its range of products to ensure that the firm’s product offerings continue to best meet client expectations and needs. Janus Henderson remains committed to real estate equities and offers US clients access to real estate equity vehicles managed by its property equities team, including the Janus Henderson Global Real Estate Fund. These options…

Benjamin Cowen, the analyst widely credited with calling the 2021 crypto collapse, has issued another sobering read on the market. The warning capped a punishing week. It began when Strategy (NASDAQ: MSTR) made its first Bitcoin (BTC) sale in years. It might have been a tiny 32 BTC against its 840,000-plus stash, but it was enough to rattle sentiment. Bitcoin, trading well above $73,000 before the sale, has since slid more than 18% for the week to $59,493 at press time, as per Decibel, and is down over 25% for the month. BTC/USDDecibel · Decibel Related: LIVE: Bitcoin crashes below…