US Banks Expected to See Increased Profits Amid Deal Activity, but Iranian Conflict Adds to Uncertainty
Large U.S. banks are projected to report higher earnings for the upcoming quarter driven by robust interest income and investment banking fees, although investor focus will likely shift towards forecasts as geopolitical tensions, particularly involving Iran, heighten macroeconomic uncertainties. As earnings season commences, Goldman Sachs will kick off the reports on Monday, followed by JPMorgan […]
Ethereum’s $2.1B Leveraged Exit: A Cleanup Event, Not a Warning Sign
Despite initial fears, Ethereum’s trading above $2,200 indicates a genuine recovery. According to a report from CryptoQuant, a significant structural change occurred in February that is now being recognized as a stabilizing factor rather than a bearish signal. The report highlights a notable decline in Binance’s ETH Open Interest, which saw a drop of around […]
Bithumb Moves to Freeze Bitcoin Amid Legal Dispute with Non-Compliant Users: Report
South Korean cryptocurrency exchange Bithumb has sought court approval to freeze 7 BTC that remain unrecovered following a payout blunder earlier this year. This situation intensified after a handful of users refused to return the funds. As reported by local media outlet ‘Chosun Biz,’ Bithumb has initiated a provisional seizure, a legal action that temporarily […]