“SpaceX” has submitted a request for an initial public offering on the Nasdaq exchange under the ticker symbol (SPCX), aiming to raise up to $75 billion..
Its market value is estimated at more than $2 trillion, after it previously reached $1.25 trillion following its acquisition of “X AI”..
The dollar is hitting a 13-month high during trading, with traders gearing up for the potential of the Federal Reserve adopting a more hawkish monetary policy despite falling oil prices due to easing tensions in the Gulf region. Meanwhile, the yen has rebounded after nearing a 40-year low. The dollar index - which measures the performance of the US currency against six major currencies - is up 0.36% to 101.38 points. The euro is down against the US dollar by 0.40% to $1.1381. The Japanese currency is gaining against its US counterpart, causing the dollar to drop by 0.03% to ¥161.49. The British pound is also falling against the US dollar by about 0.36% to $1.3199.
A new battle is heating up between traditional banks and the crypto sector #الكريبتو in Washington 🇺🇸
American banks are ramping up pressure against yields on stablecoins.
As the vote on the GENIUS Act approaches in the Senate, U.S. banking institutions have started to intensify their efforts to limit the ability of stablecoins to offer yields to users.
Banks believe that yield-generating stablecoins could compete with traditional banking accounts and siphon liquidity away from the banking system.
On the flip side, sector advocates argue that allowing yields could foster innovation and competition in digital financial services.
📌 We're just hours away from the US interest rate decision
🚨 All eyes today are on the Federal Reserve
🏛 The Fed has kicked off its fourth meeting of the year, with major interest as it's the first meeting led by Kevin Warsh, following the peace deal that ended the conflict in the Middle East.
🔺 While markets expect the rates to hold steady, the focus will be on the Fed Chair's statements and forecasts for inflation and the economy.
🔺 If the Fed signals that rates will stay elevated for longer, gold and stocks might face headwinds. Conversely, if there's a hint of falling inflation and reduced risks, that could support gold and the markets.
⚠️ Today's Fed statements will set the direction for gold, the dollar, and stocks in the coming period.
🚨The $XRP keeps attracting institutions! XRP ETF funds now hold over 1.4% of the total circulating supply of the coin, signaling growing institutional demand and bolstered confidence in the asset.
Did you know that the SPCXB token is now available for trading on Binance?
Yes, you can now trade shares of Elon Musk's SpaceX empire directly as bStocks on the platform! This brings us to a shocking historical paradox that just happened in the market: Elon Musk's net worth: $1.4 trillion Market cap of Bitcoin (BTC): $1.3 trillion For the first time, one man's wealth surpasses the largest cryptocurrency in the world! This proves that diversifying your portfolio is no longer a luxury, but pure financial intelligence. Getting Started Guide Head over to the trading section (Spot), look for the bStocks tool, and enter the SPCXB symbol to try trading this unique stock against USDT around the clock. 👇Join me in the comments: Were you surprised to see a SpaceX stock on Binance? If you had to choose right now, would you buy Bitcoin or SPCXB?
Just in: 🇦🇪 The Dubai Multi Commodities Centre (DMCC) is set to ink a strategic deal with Tether, the issuer of USDT, to expand the use of blockchain tech, digital assets, and crypto finance. $SPCXB #TradebStocks