Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape Yacht Club (BAYC). As Cointelegraph previously reported, the BAYC conspiracy theory was once again brought into the limelight on June 20 after YouTuber Philion published a
Month: June 2022
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The yields in the US have taken another step to the downside as Powell speaks to demand destruction. The 2 year yield is now down about -12 basis points. The 10 year is also lower by about the same -12 basis points. Looking at the chart of the 2 year yield, the yield has now
Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut its schools in early May and moved to online learning. It’s a mixed bag still in Shanghai. The city’s Communist Party chief spoke on Saturday,
Oil prices rose slightly in early Asian trade on Friday as nations seek to address global crude oil and fuel supply tightness. Brent crude futures rose 39 cents, or 0.4%, to $110.44 a barrel at 0012 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.4%, to $104.31 a barrel. The
The NZD/USD erased early week losses and finished the week flat. On Friday, recession fears abated, but growing risks remain skewed to the downside. St. Louis Fed’s Bullard commented that the US economy is fine and that recession worries are exaggerated. The New Zealand dollar recorded solid gains vs. the greenback, snapping two days of
GBPUSD moves up to test its 50% retracement The GBPUSD – like other pairs – has seen a run lower and move back higher helped by the Fed chair comments. The move back to the upside has taken the price back above the 200 and 100 hour moving averages at 1.2212 and 1.2262 respectively. The
WTI crude oil climbed $3.35 to settle at $107.62 while brent finished the week at $113.12. Both are lower compared to last Friday’s close and that’s the second week in a row of declines but it follows a streak of seven consecutive weekly gains. Overall, crude is right in the middle of the range since
June 24: Gold prices were steady on Friday, headed for their second straight weekly decline, with worries over major central banks potentially implementing big interest rate hikes to target runaway inflation weighing on appetite for bullion. FUNDAMENTALS * Spot gold was flat at $1,823.20 per ounce by 0113 GMT, after hitting a one-week low of
The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile Dollar was ended lower against all but Yen and Kiwi. Overall, there were hints of
The EUR/USD is about to end the week hovering around 1.0550, with a modest gain. Analysts at Rabobank continue to see the risk of a dip back to the year’s low at the 1.0350 region on a one to three-month view. They revised lower their 12-month forecast to 1.08 from 1.10. Key Quotes: “The move
The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food. When questioned, one Bored & Hungry employee told the Los Angeles Times “Not today — I don’t know.” The individual didn’t give any indication of when the decision
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EURUSD extends above the 50% midpoint. Now close risk. The EURUSD moved above the swing area new 1.0545 and approached the 50% midpoint of the move down from the May 30 high. Sellers initially leaned against that level, but after backing off on the 1st test of the retracement level, the price based and moved
Markets: S&P 500 up 115 points, or 3.0%, to 3914 US 10-year yields up 6.8 bps to 3.14% WTI crude oil up $2.79 to $107.66 Gold up $4 to $1826 AUD leads, JPY lags After hiking by 75 basis points instead of the 50 bps he long-ascribed to, Powell cited the jump in inflation expectations
NEW DELHI: Gold futures fell marginally on Friday morning, as the dollar stayed firm amid expectations of a 75-basis-points Fed rate hike in July. Gold August futures fell Rs 44 or 0.09 per cent to Rs 50,550 per 10 grams on in early trade. Silver July futures were trading flat at Rs 59,505.00, up Re
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