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Intelligence firm IntoTheBlock unveiled an on-chain risk monitor for Ethena Labs’ stablecoin – USDe -, offering top-notch risk indicators. The detailed chart covers vital metrics, including sUSDe price actions, USDe peg monitor, volatility distribution, and DEX liquidity. Also, users can have a comprehensive view of the stablecoin’s performance and stability. Also, the radar incorporates analyses […]

• April 13, 2024 05:13 AM PDT
• Invezz

Bitcoin’s (BTC) sudden dip from $70.8K to $65K within a few hours caused chaos within the crypto market, triggering losses of over $800 million within 24 hours. The altcoin market suffered the most, with Solana (SOL) and Ethereum (ETH) erasing their bullish biases. Meanwhile, Bitbot (BITBOT) presale has seen stable participation, having raised over $2.3 […]

• April 13, 2024 01:53 AM PDT
• Invezz

NextPlat Corp. (NASDAQ: NXPL) shares surged nearly 30% on Friday after the announcement of a definitive business combination agreement with its majority-owned subsidiary, Progressive Care Inc. (OTCQB: RXMD). What does NextPlat merger with Progressive Care mean? The merger between NextPlat and Progressive Care represents a strategic move aimed at enhancing synergies and creating value for […]

• April 12, 2024 09:29 AM PDT
• Invezz

EV charging stocks are not doing well this year. EVGo stock price has crashed by over 42% in 2024 while ChargePoint is down by 29.4%. Blink Charging, another big player in the industry, has tumbled by 24.1% this year. EV Charging companies should be thriving now that the number of electric vehicle companies in the […]

• April 12, 2024 09:28 AM PDT
• Invezz

Coupang Inc (NYSE: CPNG) is up more than 10% on Friday after announcing a rather big increase in its monthly membership fee. Coupang stock is already up more than 50% The “WOW” membership will now cost incoming subscribers a whopping 7,890 won – up from 4,990 thus far. Existing clients will have to pay the […]

• April 12, 2024 08:59 AM PDT
• Invezz

The USD/ZAR exchange rate rebounded this week as the US dollar index (DXY) bounced back and the countdown for the South African election continued. The pair initially slumped to a multi-week low of 18.40 and then spiked to 19. The US dollar index is soaring South Africa published encouraging economic numbers this week. On Monday, […]

• April 12, 2024 08:31 AM PDT
• Invezz

OpenAI is in focus at writing after Cathie Wood announced to have taken a stake in the artificial intelligence company behind ChatGPT. How much did Cathie Wood invest in OpenAI? She made the investment via her Ark Venture Fund – but exactly how much has she invested in OpenAI remains unknown. Wood launched that fund […]

• April 12, 2024 08:22 AM PDT
• Invezz

PaxMedica (NASDAQ: PXMD) has surged by 92.7% so far on Friday, reflecting the market’s positive reaction to the company’s announcement of significant progress in its drug development efforts. The company’s shares soared by 125% in post-market trading on Thursday after PaxMedica revealed the completion of three registration/validation batches of its drug PAX-101, an IV formulation […]

• April 12, 2024 08:18 AM PDT
• Invezz

Any day or minute now, the world will see the fourth-ever Bitcoin halving. “This is an exciting chapter for long-time crypto enthusiasts,” said Humanity Protocol founder Terence Kwok, “as we now have large institutions waiting with us for the next halving.” Bitcoin has arguably never been so popular – nor its price so high – […]

• April 12, 2024 08:03 AM PDT
• Invezz

The USD/RUB pair held steady this week as the price of crude oil and other commodities rallied and after the US released strong inflation numbers. The pair rose to 93.55 on Friday, where it has been sitting for the past few weeks.  Commodity prices and inflation The Russian economy is doing well as the price […]

• April 12, 2024 07:01 AM PDT
• Invezz