News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
BitMEX and BitMart Face Shutdown Amid Crypto Trading Decline
BitMEX and BitMart are set to shut down as trading volumes in the crypto market hit a two-year low, signaling challenges for smaller exchanges amid tightening regulations.
Mercation Admin6 min - Macro
Prediction Markets Raise Odds for Fed Rate Hike
Prediction markets are indicating an increased likelihood of a rate hike by the Federal Reserve in July, influenced by inflation and oil prices.
Mercation Admin1 min - Crypto
Bitcoin Drops 2% as South Korea's Kospi Sinks 10%
Bitcoin saw a 2% drop after the U.S. market closed, coinciding with a sharp 10% plunge in South Korea's Kospi index.
Mercation Admin4 min - Macro
Prediction Markets Indicate Increased Likelihood of Fed Rate Hike
Prediction market traders have increased the likelihood of a Federal Reserve rate hike ahead of its upcoming meeting, with odds shifting significantly in just 24 hours.
Mercation Admin2 min - Crypto
Bitcoin Remains Steady Amid AI Stock Declines; Fed Meeting Ahead
Bitcoin remains stable near $65,000 despite declines in AI stocks, with analysts suggesting the upcoming Fed meeting could influence its trajectory.
Mercation Admin4 min - News
Fanatics Acquires Regulated Exchange to Expand Prediction Markets
Fanatics is set to acquire a regulated exchange from BGC Group, enabling it to launch its own prediction markets, enhancing its competitive edge in the sector.
Mercation Admin3 min - News
Strategy Boosts Cash Reserves by $525M, Foregoes Bitcoin Purchase for Fifth Week
Strategy has enhanced its cash reserves by $525 million, reaching $3.75 billion, while skipping Bitcoin purchases for the fifth week in a row.
Mercation Admin2 min - News
Coinbase CEO Critiques AI Pivot by Crypto Firms as Misguided
Brian Armstrong, CEO of Coinbase, argues against the trend of crypto firms pivoting to AI, stating that cryptocurrency serves as essential infrastructure for AI rather than a competitor.
Mercation Admin2 min - News
Michael Saylor's Strategy Elevates Cash Reserves to $3.75 Billion and Buys Back $25 Million of STRC
Michael Saylor's firm increased its cash reserves to $3.75 billion after raising $544.5 million through stock sales, using $25 million to repurchase preferred stock.
Mercation Admin2 min - Crypto
Bitcoin Options Traders Scale Back Hedging Ahead of Fed Meeting
Bitcoin options traders have notably reduced their hedging strategies ahead of the Federal Reserve meeting, with the put/call ratio dropping significantly.
Mercation Admin4 min - Crypto
Bitcoin ETFs Experience $465 Million Outflow, BlackRock's IBIT at the Forefront
Bitcoin ETFs saw a significant $465 million outflow over two days, primarily influenced by BlackRock's IBIT, reversing a strong inflow trend.
Mercation Admin3 min - Crypto
Rising U.S. Debt Drives Investors Toward Bitcoin and Gold as Safe Havens
As U.S. debt reaches unprecedented levels, investors are flocking to bitcoin and gold as alternative safe havens against currency devaluation.
Mercation Admin5 min