Trust Wallet Token surges ๐
Trust Wallet Token, a native token for Trust Wallet, surged more than 100% in just a few days despite the current market turmoil. This is after the Binance CEO tweeted people should store their crypto safely, tagging Trust Wallet. The crypto wallet’s token now has a $1 billion market cap.
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Ripple jumps 12% amid market rally ๐
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 onย gettingย 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 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.
The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.
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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 ๐
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 ๐
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 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.
5 banks investigated over $100b fraud
Five large banks in France were reportedly targeted by investigators as part of a โฌ100 billion fraud probe. French and Germanย governments were involved because of a possible money laundering allegation. The banks under investigation are HSBC, Societe Generale, BNP Paribas, Exane, and Natixis.