The firm’s 14th annual survey found that most investors have been using ETFs to build a core allocation, similar to that of mutual funds.
Category: finance
The post PENGU’s 22% fall What happens now that the buy signal is live? appeared com. Key Takeaways Why did PENGU’s price crash today? Leveraged shorts piled in near $0. 0157, pushing prices lower by over 10%. What are Pundgy Penguin traders watching next? Top wallets held 97%-a potential rebound if PENGU reclaims $0. 0177 support soon. Pudgy Penguins [PENGU] memecoin fell by 10% in the past 24 hours as most altcoins succumbed to Bitcoin [BTC] dominance since the 10th of October crash. The volume significantly contributed to the price decline, although not all appeared to be lost. The numerical outlook was bearish, but top traders were viewing the market otherwise. PENGU falls 10% but flashes ‘buy’ PENGU’s chart showed clear weakness, with prices sliding over 10% intraday and nearly 22% since November began. Still, the CVD at -$64 million marked a recovery from last week’s -$326 million, hinting that sellers were losing momentum. Another reason for this signaling potential pause was the MACD, which was faintly green. This further showed that bulls were getting alerted to the monthly discount that was less than a week old. It appeared around the $0. 015 zone, two-thirds down from the $0. 045 highs of late August. For confirmation, the $0. 01772 to $0. 01900 zone needs to be flipped first. The signal appearance coincided with the views of the top PnL traders. However, the structure remained bearish =on the daily and hourly timeframe charts at press time. Top traders stay long despite volume spike According to data from Nansen AI on X (formerly Twitter), 24-hour volume hit $241. 7 million, nearly 48x of its daily average. The spike coincided with a steep price drop, signaling heavy distribution. Even so, the top PnL traders held 97% of their bags, and one wallet accumulated $75K worth.
Evergy Selects Kigen’s Secure eSIM OS and eIM to Maximize Grid Reliability with Automated Failover Across Private and Public Networks Evergy, one of the largest investor-owned utilities in the Midwest United States serving 1. 7 million customers across Kansas and Missouri, has selected Kigen, the global leader in eSIM and iSIM technology, to strengthen grid resiliency. The post Evergy Selects Kigen To Strengthen Grid Resilience Across Private and Public Networks appeared first.
BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments. Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), established earlier this year, the central bank announced on Friday. A key part of this roadmap is the creation of an Asset Tokenization Industry Working Group (IWG), which will coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges. Read more.
The post CORZ Has Major Upside Following Failed CRWV Takeover appeared com. Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts Paul Golding and Marni Lysaght wrote in the report on Thursday. The bank’s analysts viewed the outcome as a positive, giving Core Scientific more flexibility to lease its near-term power capacity to AI tenants. Core Scientific shares were 4. 5% higher in early trading, around $21. 70. The analysts noted that the bitcoin miner’s 1. 5 gigawatt (GW) portfolio includes 590 megawatts (MW) leased to CoreWeave and another 1 GW gross, roughly 700 MW billable, under load study. Management expects to sign at least one new colocation customer by fourth-quarter earnings, a move Macquarie said could accelerate revenue diversification and highlight the company’s advantage in high-performance computing buildouts. Jefferies said Core Scientific is moving forward with renewed focus after shareholders voted down its proposed merger with CoreWeave. The bank noted that Core Scientific exits the process with 1. 5 GW of existing and planned billable power capacity and little capital expenditure tied to the now-defunct deal. Throughout the merger talks, the miner continued expanding its data center business and is now positioned to sign new tenants and power contracts by the end of the year, analysts led by Jonathan Petersen wrote in the Thursday report. The signing of a new tenant would be a key milestone for diversifying revenue and reducing dependence on CoreWeave, the report said. Jefferies has a buy rating on Core Scientific shares with a $28 price target. Read more: Core Scientific Holders Poised to Reject CoreWeave Merger, Jefferies Says Source:.
On the eve of federal SNAP benefits hitting people’s accounts, Louisiana is jumping in to fill the gap for the 1 in 5 state residents who use the program, but only for some of them.
That’s exactly what BlockchainFX (FX) is doing while the market watches closely. Meanwhile, Blockdag continues to make headlines in October [.] The post BlockchainFX (FX) vs Blockdag: The Top Crypto Presale Everyone’s Talking About Right Now appeared first on Coindoo.
I have lived over half of my life in Maine and I am lucky. I have always been employed and had health insurance through my employers. I have never had to worry about paying for health care my family needs. We have never experienced food insecurity or had to choose what bills to pay to [.].
For years, the European Central Bank (ECB) has envisioned a public digital currency that would anchor Europe’s payment system in [.] The post Digital Euro Faces Uncertain Future as Brussels Rethinks Its Purpose appeared first on Coindoo.
The Montgomery County District Attorney’s Office released a grand jury report Thursday detailing the dangers of unregulated hemp and THC products sold at hundreds of smoke shops across the region.