Stellar launches a $100 million fund

Stellar Development Foundation has launched a new funding round to motivate developers to build on the Soroban smart contract platform. This platform just went live and brings Turing-complete smart contracts to the Stellar blockchain. The foundation has prepared $100 million to support Soroban adoption.

More market movers from category

Ripple jumps 12% amid market rally 🚀

Ripple (XRP) jumped an additional 12% to $0.58, as investors hope the lawsuit between the SEC and Ripple is coming to an end. The cryptocurrency is already up 65% in the last 2 weeks.

Hong Kong as a digital asset hub

Hong Kong still wants to become an international center for digital assets. The special administrative region’s regulators plan on getting crypto companies and bankers together. A recent Bloomberg report says that the meeting will take place at the Hong Kong Monetary Authority on April 28th.

G7 will discuss crypto regulations

The G7 will detail a coordinated plan to improve crypto transparency and strengthen consumer safeguards. They hope to confront threats to the global financial system during a conference in Hiroshima this May.

Gucci x Yuga Labs

Gucci has recently announced a multi-year partnership with Yuga Labs, the creator of Bored Ape Yacht Club. The primary objective of this deal is to foster engagement between the communities of both companies. This could leverage each other’s strengths to create new and innovative experiences for their customers.

Bitcoin reportedly entered a supercycle

Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.

Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

More market movers

UBS CEO steps down

UBS CEO, Ralph Hamers. is stepping down on April 5th after the company acquired financially troubled Credit Suisse. Sergio Ermotti is about to succeed Hamers, who was UBS’ CEO from 2011 to 2020. 

Inflation levels in EU mostly drop

The result of the annual inflation rate in Spain surprised, dropping from 6% in February to 3.3% in March. This is very close to the central bank’s goal. Germany’s inflation also fell, from 8.7% to 7.4%, a little above the estimated 7.3%. Belgium’s inflation held steady at 6.6%.

EU stock indices near March highs 📈

Thursday saw an almost 1% increase in European stock indices on hopes that central banks will soon halt their tightening cycle. Global risk sentiment improved as worries about the recent banking turmoil subsided. The STOXX 600 jumped to 455 while DAX 40 surged to 15,500.

Ripple jumps 12% amid market rally 🚀

Ripple (XRP) jumped an additional 12% to $0.58, as investors hope the lawsuit between the SEC and Ripple is coming to an end. The cryptocurrency is already up 65% in the last 2 weeks.

Saudi Aramco x China 🛢

Saudi Aramco is working with China to build a $12.2 billion oil refinery. The refinery will be in northeast China, and it is expected to be fully operational in 2026. About 300,000 barrels of oil a day will be housed at the refinery.

Alibaba soars 13% after announcement

The announcement of Alibaba’s plan to divide itself into six distinct businesses boosted the stock by 13%. This reorganization may result in many IPOs down the road. The segments would be cloud, e-commerce, global e-commerce, digital mapping, logistics, and a media arm.

News

LULU skyrockets after solid earnings, improved guidance

Superb guidance sent the LULU stock sharply higher, with the bear market officially over for the company.
Bitcoin analysis: The rally slows down, but bulls want Bitcoin higher
BTC
1.09%

Bitcoin analysis: The rally slows down, but bulls want Bitcoin higher

Bitcoin hovers near $29,000, and the technical analysis suggests we are only halfway through the market rally.
EURUSD eyes cycle highs – will it breach 1.10?
EURUSD
-0.01%

EURUSD eyes cycle highs – will it breach 1.10?

The negative trend for the USD is here to stay, according to analysts, likely leading to the next attack at 1.10.
Wall Street closed green with increased optimism
SP500
1.42%

Wall Street closed green with increased optimism

The US market closed in the green, with tech being the hero of the day. Banking re-assured traders with rising stock prices.