The post ASX Capital to Airdrop Tokenized Property Asset to FJC Holders appeared first on Coinpedia Fintech News
ASX Capital said it will airdrop a new tokenized real estate asset on July 17 to holders of its FJC token. Eligible holders will receive the new MRQ token at a 1:10 ratio, representing an industrial property in Oak Creek, Wisconsin, which will replace the Franklin Jefferson property in Missouri. The tokenized asset will be …
The post Solana Maintains DeFi Lead Despite Robinhood Chain Launch appeared first on Coinpedia Fintech News
Solana continues to outperform Robinhood Chain across major decentralized finance (DeFi) metrics despite the new network’s strong debut. Solana currently has about $4.93 billion in total value locked (TVL), $1.91 billion in daily decentralized exchange (DEX) volume, more than 2 million active addresses, and $3 million in daily application revenue. Robinhood Chain has grown to …
The post Brent Oil Price Could Exceed $110 – Warns Goldman Sachs appeared first on Coinpedia Fintech News
Goldman Sachs said Brent crude prices could rise above $110 per barrel if renewed attacks on tankers continue to disrupt oil exports through the Persian Gulf. The bank said Gulf exports have fallen to below 50% of pre-conflict levels, tightening global supply. While Goldman maintained its base-case forecast of $80 per barrel for late 2026 …
The post XRP Price Prediction: Whale Buying Fuels Bull Flag Breakout Toward $1.25 appeared first on Coinpedia Fintech News
XRP is beginning to build a stronger bullish case after whale investors accumulated more than 70 million XRP over the past week while the token confirmed a breakout from a bull flag formation. The combination of fresh on-chain accumulation and improving chart structure suggests buying conviction is strengthening rather than fading. As momentum continues to …
The post CLARITY Act Hearing Tomorrow: Key Issues and Witnesses to Watch appeared first on Coinpedia Fintech News
Tomorrow is going to be a big day for the CLARITY Act as the House holds a special field hearing in New York. Although the bill cannot be approved at the hearing, the event is expected to build support before Congress begins its August recess. Here’s a look at the key issues that will be …
Major currency pairs traded in narrow ranges during the European session on Thursday as the US dollar found some support after a two-day decline.
Investors shifted their attention to the upcoming US economic releases, including weekly Initial Jobless Claims and June Retail Sales data.
The US dollar stabilized after coming under pressure earlier in the week following softer-than-expected inflation data.
Market participants remained cautious ahead of the economic releases that could provide further insight into the health of the US economy and the likely path of monetary policy.
The US Bureau of Labour Statistics (BLS) reported on Tuesday that consumer inflation increased at a much slower pace than expected in June.
The trend continued on Wednesday after producer inflation data also came in below market expectations.
The Producer Price Index (PPI) fell 0.3% in June.
The softer inflation readings kept the US dollar under pressure through Wednesday.
The US Dollar Index lost about 0.5% during the session before stabilizing around the 100.50 level early Thursday.
Meanwhile, US stock index futures traded largely unchanged, reflecting a cautious mood among investors ahead of fresh economic data.
Comments from Fed Chair Kevin Warsh during the second day of his congressional testimony also remained in focus.
Geopolitical developments also remained on investors’ radar.
The US and Iran exchanged strikes for a fifth consecutive day.
During the Asian trading session, the US military announced another wave of strikes on Iran.
Iranian media reported explosions in Qeshm Island, Bandar Abbas, and Chabahar.
The euro continued to benefit from the dollar’s earlier weakness.
EUR/USD extended its rebound on Wednesday and climbed above 1.1480, reaching its highest level in about one month.
The pair entered a consolidation phase during the European session on Thursday and traded around 1.1460.
Sterling also maintained much of its recent strength after a strong performance in the previous session.
GBP/USD advanced more than 1% on Wednesday, climbing above 1.3550 to its highest level in two months.
The pair eased slightly on Thursday and traded near 1.3530.
The Bank of Canada (BoC) left its policy interest rate unchanged at 2.25% on Wednesday, in line with market expectations.
During the post-meeting press conference, BoC Governor Tiff Macklem said longer-term inflation expectations remained well anchored.
USD/CAD ended Wednesday marginally lower following Tuesday’s sharp decline.
During Thursday’s European session, the pair traded within a narrow range around 1.4050.
USD/JPY remained largely unchanged around the 162.00 level after ending Wednesday’s session little changed.
Japan’s Finance Minister Satsuki Katayama reiterated on Thursday that authorities were prepared to take appropriate action in the currency market whenever necessary.
Investors now await the release of US Initial Jobless Claims and June Retail Sales figures, along with further remarks from Federal Reserve officials, for additional direction across currency markets.
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