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14 11, 2024

DeFi Technologies Announces CoreFi Strategy, Following Success of MicroStrategy

By |2024-11-14T19:04:10+02:00November 14, 2024|News, NFT News|0 Comments


DeFi Technologies Announces CoreFi Strategy, Following Success of MicroStrategy

DeFi Technologies has announced plans to launch CoreFi Strategy, a new investment vehicle aimed at providing exposure to Bitcoin and its associated decentralized finance ecosystem.

Scheduled to debut in the first quarter of 2025, the initiative will operate on a Canadian stock exchange, according to a press release from the company.

CoreFi Strategy is designed to replicate investment strategies seen in firms such as MicroStrategy and MetaPlanet. It will focus on accumulating Bitcoin (BTC) and CORE, the native asset of the Core blockchain. By leveraging financing strategies, CoreFi aims to build its treasury while offering investors regulated access to Bitcoin staking and yield generation opportunities.

Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the potential for investors to engage with the burgeoning Bitcoin staking ecosystem through this new strategy.

The firm’s approach mirrors successful models that have seen significant stock price appreciation, with MicroStrategy’s shares rising over 500% in the past year, and Bitcoin itself increasing by approximately 150%.

Core currently holds over 8,200 staked Bitcoin and boasts a total value locked (TVL) exceeding $700 million. Its recent Dual Staking integration allows CORE token holders to achieve higher staking yields when they stake Bitcoin, enhancing the potential returns for investors.

As of July 31, DeFi Technologies reported CA$837 million ($597.65M) in assets under management (AUM). Analysts, including Benchmark’s Mark Palmer, have expressed a positive outlook, anticipating continued growth in AUM due to new exchange-traded product (ETP) launches and rising prices of underlying crypto assets.

DeFi Technologies trades under the ticker CBOE:DEFI in Canada and is also available over-the-counter in the United States.



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14 11, 2024

XAG/USD finds support near $29.70 as US Dollar gives up some intraday gains

By |2024-11-14T18:57:18+02:00November 14, 2024|Forex News, News|0 Comments


  • Silver price gauges an interim cushion near $29.70, more downside looks likely.
  • The US Dollar’s rally stalls after the release of the US jobless claims and the PPI data.
  • A firm outlook on Trump’s policies will keep the Silver price edgy.

Silver price (XAG/USD) discovers a temporary support near $29.70 in Thursday’s North American session. The white metal finds cushion as the US Dollar (USD) gives up some intraday gains after posting a fresh annual high. The rally in the US Dollar index (DXY), which gauges Greenback’s value against six major currencies, pauses for a while after jumping to near 107.00.

The Greenback faces mild pressure after the release of the US Initial Jobless Claims for the week ending November 8 and the Producer Price Index (PPI) data for October even though the data was USD-positive. Individuals claiming jobless benefits for the first time came in surprisingly lower at 217K than the prior release of 221K, which was expected at 223K.

The headline producer inflation data accelerated to 2.4%, faster than estimates of 2.3% and the September reading of 1.9%. In the same period, the core PPI – which strips off volatile food and energy prices rose by 3.1% than estimates of 3% and the former release of 2.9%. Historically, signs of acceleration in price pressures weigh on market expectations for Federal Reserve (Fed) interest rate cuts, however, the impact is expected to negligible as officials are more worried about stabilizing job market.

For more interest rate cues, investors await Fed Chair Jerome Powell’s speech, which is scheduled at 20:00 GMT.

Meanwhile, the outlook of the Silver price is expected to remain vulnerable as policies of President-elected Donald Trump could limit the Fed’s potential of cutting interest rates aggressively.

Silver technical analysis

Silver price stays on track toward the upward-sloping trendline around $29.00, plotted from the February 28 low of $22.30. The white metal weakened after the breakdown of the horizontal support plotted from the May 21 high of $32.50.

The near-term trend of the Silver price has weakened as the 20-day Exponential Moving Average (EMA) starts declining, which trades around $32.00.

The 14-day Relative Strength Index (RSI) slides to near 40.00. A bearish momentum will trigger if the RSI (14) sustains below the same.

Silver daily chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

 



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14 11, 2024

The effect of long term astaxanthin supplementation on the antioxidant status of racing Arabian horses – preliminary study

By |2024-11-14T17:37:11+02:00November 14, 2024|Dietary Supplements News, News|0 Comments


The beneficial effect of astaxanthin in the horses has been suggested by in vitro studies34 and in vivo observations32, but these data did not show the direct antioxidant effect of supplementation. Moreover, the recommended dosage of commercially available supplements is wide. Sato et al.32 administered to the horses supplement that contained 37.5 mg of astaxanthin, however, the manufacturer of AstaReal® mentioned the studies with 75 mg and 30–100 mg doses35 and other company recommended much higher dose: 937.5 mg twice daily36. Astaxanthin has been proven to be safe and beneficial at very high doses: 50 mg/kg and even 200 mg/kg in rats37,38. Beagle dogs and cats were safely dosed with up to 40 mg and 10 mg, respectively, which corresponds to 3–4 mg/kg39. However, in the study lasting for 6 weeks the dose of 0.3 mg/kg was used40. In the present study the dose of 250 mg per horse was chosen, which on one hand, seems to be high enough to clearly evaluate the effect of astaxanthin supplementation and on the other hand completely safe in the 3 months supplementation period according to currently available data.

The presented results have shown the effect of astaxanthin supplementation on general antioxidant status and the antioxidant defense measured as TAS, the activities of antioxidant enzymes and lipid peroxidation reflected by TBARS as well as the effect of the high-intensity training session on these measurements. The study design allowed also to investigate the exercise-related changes in the level of antioxidant status related to the beginning of race training in Arabian horses without supplementation. Previously, antioxidant status in Arabian horses has been described only in endurance effort (aerobic in nature), so this study is the first report on antioxidant status in racing Arabians (anaerobic effort).

Many methods have been proposed for measuring exercise-induced stress, including the markers of lipid peroxidation, reactive oxygen metabolites, antioxidant potential/status, the antioxidant enzyme activity, and the muscle enzyme activity being an indirect measurement of oxidative damage5,9. The methods are limited by the study protocol, and the most common measurements are the activities of antioxidant enzymes and muscle enzymes in blood. However, the presence of reactive oxygen metabolites, expressed as reactive oxygen metabolites (dROMs) in blood, has also been shown as a result of exertion5,10.

The indirect beneficial effect of astaxanthin supplementation in race horses has been reported as a reduction of muscle enzymes creatine phosphokinase (CK) and lactate dehydrogenase (LDH-5) leakage into circulation32. Continuous astaxanthin supplementation for 8 weeks led to the decreases in CK and LDH activities measured 4 h after an intense training session. In this study, we looked deeper in the mechanisms by measuring antioxidant parameters which give the insight into the level of oxidative stress that occurs as a direct result of the training as well as single bout of exercise. The activities of muscle enzymes were not measured, as marked CK increases occur at least 2 h after the training session12,30,41. Instead we used the exercise test that allows to investigate the changes in post exercise LA concentrations and the decreases after 40-min. restitution. Compared to Sato et al.32 findings, in our study the antioxidant effect of astaxanthin supplementation was observed earlier, after 4 weeks of supplementation and then remained at the similar level till the end of the observation period.

Changes of hematological measurements and LA concentration confirmed that the training session examined in this study posed a significant effort for horses, required for the training progress, however, the effort did not exceed exercise capacity of the horses, as indicated by the decreases after 40-min. restitution. The measurements of oxidative stress changed after single training session and during whole training period and the effect of astaxanthin supplementation was significant.

Higher TAS values observed one month after astaxanthin supplementation accompanied by lower TBARS indicate the improvement in ROS removal, and diminished level of lipid peroxidation. The oxidant/antioxidant imbalance phenomenon has been described in race horses as occurring during a 3-month race period27. The design of the present study covered this period and provided more details regarding the changes related to training and supplementation.

TAS or total antioxidant capacity (TAC) provide the information regarding overall antioxidant status, involving all the antioxidants in the body, including the ones not recognized yet or difficult to measure. It increased by 31.5% after one month of astaxanthin supplementation, together with the decrease in TBARS by 34.5%. The change was significant only in the 1st month, however, in both astaxanthin and control groups of horses a tendency to increase in TAS during 4 months of intensive training was seen with higher values in the supplemented group. Thus, long term changes related to the race training were proved, however, such changes were not detected in the horses that began moderate training42. It is expectable that supplementation with antioxidants should increase TAS and it was confirmed in our study. However, it has also been reported that 2 weeks of supplementation with vitamin E alone or in combination with coenzyme Q10 did not affect either TAS at rest or after exercise in leisure horses29.

Major antioxidant defense and so that antioxidant status is enzymatic. Antioxidant enzymes orchestrate in removing free radicals and in turn prevent lipid peroxidation. GR and GPx act as a system for reduction and peroxidation of glutathione disulfide, which allows to utilize hydrogen peroxide (H2O2), and other organic hydroperoxides with the electron from glutathione. SOD acts synergistically with GPx by catalyzing the dismutation of the superoxide radical (O− 2) into molecular oxygen (O2) and H2O2, then converted by CAT into oxygen and water.

Results presented in this study show that GR activity significantly decreased by 45.4% one month after astaxanthin supplementation and remained lower than in control group by the end of the observation. GPx, SOD, and CAT activities also tended to be lower in astaxanthin-supplemented horses, but the differences were not significant. Studies report various patterns of the changes in antioxidant activities of enzymes in response to antioxidant supplementation, but the increases were interpreted as beneficial27. However, astaxanthin’s mechanism of action is more complex than supplements tested in equine studies. Astaxanthin is a ROS scavenger acting by both donating electrons and by bounding free radicals and so that form a non-reactive product. Additionally, due to a unique chemical structure with a series of conjugated bounds in non-polar region, the molecule can remove free radicals by transporting them along its own carbon chain outside the cell where other antioxidant can neutralize them43. It seems that astaxanthin supplementation posed an additional background for removing free radicals and increasing the redox capacity, leading to higher TAS values. Training itself does not seem to affect the activities of antioxidant enzymes, except SOD which increased in July (after 4 months of training) in control group but not the group supplemented with astaxanthin. The patterns of changes in the activities of antioxidant enzymes in response to training in horses vary across the literature. The decreases in SOD and GPx activities in Thoroughbred horses have been reported in 6th and 12th weeks of training but GPx increased in the horses supplemented with antioxidant vitamins and trace elements27. In leisure horses subjected to training of moderate intensity SOD and GPx levels did not change29 or varied, mostly decreased at the beginning of training and increased in 2nd (GPx) and 8th (SOD) weeks of exercise42. Human studies have shown that training, understood as repeating exposure to increased ROS levels leads to the upregulation of antioxidant defense including increasing SOD and GPx activities at rest44,45. Similar phenomenon may be expected in horses, however, it is likely dependent on the time and intensity of training. It should be strongly indicated that the training loads recommended for horses are much lower than recommended for humans, which can also influence the type, level and time of changes in antioxidant enzymes’ activities.

The intensive training leads to ROS production which in turn may result in lipid peroxidation3. TBARS assay gives an insight into overall levels of oxidative stress due to the fact that it allows for the measurement of many products of lipid peroxidation. Thiobarbituric acid (TBA) used in the assay bounds malondialdehyde (MDA), the most commonly measured product of lipid peroxidation but also other molecules derived from this process46. In the present study, TBARS was not affected by the training process, but significantly influenced by astaxanthin supplementation. It cannot be excluded that training related changes in lipid peroxidation occur earlier as it was shown in the 2nd week of moderate training in the horses that were not trained before42. The astaxanthin effect occurred after one month of administration when TBARS level was significantly lower by 34.5% in the horses supplemented with astaxanthin, then remained lower until the end of observation. Other studies regarding antioxidant supplementation have reported lower or no differences. After 30 days of vitamin E supplementation, MDA production did not change in Thoroughbred horses undergoing low-intensity exercise and interval training30. Ergothioneine administration for 4 weeks in Arabian stallions resulted in the reduction of MDA concentrations by 5%31. Unfortunately, singularly assessed MDA production cannot be directly compared to TBARS measurements and even TBARS assay results should not be compared across different laboratories due to possible pre-analytical differences and assay conditions that do not allow even minor variations in the protocol46.

Marked increase in TAS accompanied by marked decrease in TBARS (both by over 30%) proved the beneficial effect of astaxanthin on the antioxidant defense in the examined horses. Decrease in TBARS indicates also lower level of lipid peroxidation, which likely deals also with the oxidative damage of the muscles. Such high level of changes has not been reported before in the literature regarding dietary antioxidants for horses.

The training session produced significant increases in TAS immediately after exercise in all horses regardless of the supplementation, indicating that antioxidant defense was triggered by exercise. However, the values before and 40 min after exercise were higher in astaxanthin supplemented horses. Thus, the relative increase was lower in supplemented horses (1.6-fold vs. 2-fold in the control group). Similar TAS increases (1.6-fold and 1.7-fold) have been reported in Arabian horses after 1250- and 1400- meters races9. In contrast, moderate exercise in sedentary horses produced only a slight increase (by 7.5%) and only in the 1st days of training42. It confirms that TAS changes in response to exercise depend on the intensity of effort, but in the present study they were also influenced by astaxanthin supplementation.

Both GPx and GR activities tended to increase immediately after training session and decrease after 40-min. restitution. Still, only the increase in GPx activity in the control group was significant. The increases, visible although not significant, may show the compensation triggered by increased ROS production during an effort, while the depletion after restitution may be related to already reduced ROS amount. Lower activities of these enzymes in the supplemented group of horses seem to mirror lower pool of ROS that must be removed and a better antioxidant state, resulting from the presence of astaxanthin that poses an additional antioxidant.

The differences in SOD activities were slight and insignificant in the C group and the only significant difference was the decrease after 40-min. restitution in the horses supplemented with astaxanthin additionally suggesting its synergistic action with endogenous antioxidant system. Various effects of astaxanthin on the activities of antioxidant enzymes have been presented in the literature. The increases in SOD, CAT, and GPx activities have been reported in cell lines subjected to oxidative stress47. However, in mice undergoing moderate intensity exercise the decreases have been observed48. Similarly, various results have been reported regarding the activities of antioxidant enzymes in response to the effort.

Slight, insignificant changes in the activities of SOD and GPx have occurred after moderate exercise in leisure horses29,42. Slight but significant decreases in GPx activities have been reported in Arabians after 1250- and 1400- meters races9. In contrast, significant post exercise increases dealing with all antioxidant enzymes (SOD, GPx, GR, CAT) activities have been reported in Arabians after 30 km training session and have been markedly amplified by ergothioneine supplementation31.

As it has been mentioned, a certain ROS concentration is beneficial for proper adaptation to the workload. Low concentrations of ROS increase Ca2+ release and force production, but further increase leading to high amounts of ROS result in the drop in force output49. Moreover, adaptation occurs only when the stimulus (ROS concentrations) exceeds minimal threshold, overloading the system45. Thus, the dose of antioxidant should be carefully chosen to allow proper adaptation resulting from the training sessions including the upregulation of the body’s antioxidant defense. The dose selected in the present study allowed for contribution to the antioxidant defense, thus it seems that the production of ROS necessary to induce adaptive changes was maintained.

TBARS values did not change significantly in response to the exercise in this study, however, the levels in the horses supplemented with astaxanthin were lower in all sampling points. There are reports showing increased or unchanged lipid peroxidation rate measured as MDA production in response to exercise. Pronounced increases have been found in endurance horses. In Arabian stallions after 30 km long training MDA production increased 1.8-fold, but at lower extent in the horses supplemented with ergothioneine31. An increase in TBARS has been reported also after 160 km endurance ride together with the decrease in TAS in the halfway6. Shorter exercise sessions generally produced less or no increases. Chiaradia et al.11 have shown the slight but significant increase in MDA production after training session in Maremmana race stallions. Similarly, in untrained leisure horses subjected to moderate exercise MDA levels increased by 47%, but remained unchanged when vitamin E was supplemented29. Other studies regarding single, short time training sessions have reported no changes in MDA concentrations after exercise. Such results have been obtained in Standardbreds conditioned for 8 weeks before the examined training session12 and in Arabians after 1250- and 1400- meters races, regardless of the distance9.

The results presented in this study confirmed the beneficial effects of astaxanthin supplementation on the antioxidant status of Arabian horses that begin their race training. Astaxanthin seems to counterbalance the training-related oxidative stress partially. The selected dosing seems proper to shift the redox status towards more reducing environment, which is undoubtedly beneficial for the health and welfare of a horse. At the same time, the effects of training sessions which trigger ROS production and, in this manner, contribute to training progress are maintained.



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14 11, 2024

UBS raises USD/JPY forecast, says another jump to 160 is possible By Investing.com

By |2024-11-14T17:09:16+02:00November 14, 2024|Forex News, News|0 Comments

Investing.com — UBS has raised its forecast for the in a note Thursday, expecting significant fluctuations in the exchange rate over the coming year.

The bank now projects the currency pair to reach 155 by December 2024, followed by 152 in March 2025, 150 in June, and 147 in September.

By year-end 2025, UBS targets 145, a revision from its earlier predictions of 147, 143, 140, and 138, respectively.

According to UBS, a near-term surge to 158-160 remains possible, especially if U.S. 10-year yields rise another 30-40 basis points, potentially hitting 4.8%.

“Based on sensitivity analysis over the past three years, a 10bp widening of the US-Japan 10-year yield differential coincides with a one-yen rise in the USDJPY exchange rate,” UBS explained.

If U.S. bond yields indeed spike to 4.8%, the bank says USD/JPY could temporarily reach 160, though they view this level as “unsustainable” and likely to invite Japanese intervention, as observed during similar peaks earlier in 2024.

UBS analysts believe the USD/JPY will face downward pressure in 2025, driven by several factors. A key factor is the anticipated Fed rate-cutting cycle, which UBS expects will lead to lower U.S. yields.

“We think current USDJPY levels are higher than justified by yield differentials,” UBS notes, estimating that the currency pair should trend toward 145-146.

Additionally, trade tensions and a potential Trump-led administration’s focus on a stronger yen may reinforce this trend.

For investors, UBS suggests that any near-term spike toward 160 could be an opportunity to “tactically sell USDJPY.” Over the long term, UBS sees multiple forces supporting a downtrend, with USD/JPY likely to end 2025 at 145.



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14 11, 2024

Cardano Price Prediction for 2025

By |2024-11-14T17:08:07+02:00November 14, 2024|Crypto News, News|0 Comments

While the outlook for ADA remains optimistic, several challenges could impact its growth:

Regulatory Uncertainty: Although Cardano is making strides in regulatory engagement, global regulatory frameworks remain uncertain. Adverse regulations, especially in major markets like the U.S., could slow down ADA’s adoption.

Competition from Other Blockchains: Cardano faces stiff competition from platforms like Ethereum, Solana, and Polkadot. These platforms are also investing heavily in scalability and security, which could limit Cardano’s market share.

Execution of Upgrades: The successful implementation of the Chang hard fork and Ouroboros Leios consensus mechanism is crucial. Any delays or technical issues could affect investor confidence and delay ADA’s growth trajectory.

Market Volatility: The cryptocurrency market is known for its high volatility. External factors such as macroeconomic changes, geopolitical tensions, or shifts in investor sentiment could impact ADA’s price, regardless of Cardano’s advancements.

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14 11, 2024

Game7 Report – Blockchain News, Opinion, TV and Jobs

By |2024-11-14T17:03:05+02:00November 14, 2024|News, NFT News|0 Comments


Web3 gaming leader Telegram accounts for 21% of new games entering the market in 2024. According to the latest report from Game7, a community dedicated to advancing blockchain technology in gaming, this. 

Created in collaboration with research firm Naavik, the 2024 State Of Web3 Gaming Report examines how developers and publishers have adopted the popular messaging app to help drive acquisition and engagement in the rapidly growing blockchain gaming sector.

That surge in Telegram’s influence is part of a more significant trend within the industry of challenging traditional app platforms like Apple’s App Store and Google Play, which have been criticized for their restrictive policies and ambivalent regulatory stance. 

Telegram’s open ecosystem and the way it enables communication between people have made it the tool of choice for Web3 developers, so they can bypass the copious drawbacks of a regular app store and talk to their audience directly.

Interestingly, the report provided vital insights into what platforms are growing Web3 gaming the most. Two ecosystems that are doing well are Immutable and Arbitrum. Immutable has stood out, with its 71% year-over-year growth and announcement of 181 new game titles. Many of these titles have migrated from Polygon to Immutable’s more scalable and efficient solutions.

As another blockchain ecosystem, Arbitrum has experienced a 68 per cent growth, mostly due to the Orbit Framework, which has helped establish 23 new gaming networks. Compatible with Ethereum, Layer 2 and Layer 3 solutions like Immutable and Arbitrum are helping to define the new standard for blockchain gaming, with scalable solutions and reduced transaction costs compared to traditional blockchain networks.

Geographical Distribution and Developer Stability

In the geography department, the Web3 gaming space remained dominated by the Asia Pacific (APAC), South Korea, and Singapore. For example, 39% of all new game launches were in the region, and the United States closely followed at 36%. 

Despite new announcements dropping 36 per cent year over year, the industry is looking up, with 84 per cent fewer developer exits. This speaks to a more mature industry with a stronger base of developers who are interested in creating for the long term.

While there are positive signs, the report notes that blockchain support is present in just 34 per cent of games, lagging behind the bridge from traditional gaming to the Web3 ecosystem. With that in mind, major platforms like the Epic Games Store have adopted blockchain technology, as it released 81 Web3 titles in 2024. However, Steam’s commitment to keeping blockchain games away hasn’t managed to deter developers from exploring other distribution methods.

Meanwhile, 2024 saw initial blockchain adoption on console games, too, but companies like Sony and Microsoft are reluctant to embrace this technology. The fact that many developers are creating console games that don’t include any blockchain features at all is a sign that full-scale integration of blockchain gaming in consoles may take longer than some are expecting.

Fund Growth and Trends for the Industry

According to Web3 Gaming, Q3 2024 funding rose 17% year over year but shifted away from large to smaller and more strategic rounds. In these rounds, most of the focus is on the token launches as opposed to huge amounts of capital going into game development. Funding growth is good, but the industry still has some work to do. This is tempered by macroeconomic uncertainty, which means there’s no breakout hit like “Axie Infinity.”

Compared to 2020, gaming token launches spiked 200% year over year, with 74% of all gaming-related token launches being game titles. With the growing integration of blockchain-based economies in games, token launches increased.

Game7’s report does a fine job of giving an overview of where Web3 gaming sits today, but it also points out blind spots in how we currently measure blockchain gaming. The report mentioned that the problem with the wallet activity and on-chain data alone does not provide a complete picture of how the users participate. We would likely get a more reliable metric when monitoring development activity and the ecosystem’s growth.

In Web3 gaming, understanding evolving market dynamics was crucial, said Co-Founder Naavik Aaron Bush. ”As new Web3 games are ushering the dawn of the new era in the category, the model of understanding the market dynamics, technologies, and their best practices is essential for setting up tomorrow’s leaders,” he added.

On the user engagement front, the Web3 shooter game Off The Grid (OTG) recorded a significant rise, peaking at an all-time high of 207,450 unique active wallets (UAW) on November 12, as blockchain-based games became more popular.

The rise of Telegram as a critical platform in Web3 gaming and Ecosystem growth like Immutable and Arbitrum represents a fast-changing landscape of blockchain gaming. 

The sector that still supplies much of the world’s transportation energy remains volatile but shows signs of both innovation and stability as developers and publishers look for alternative distribution channels and new technologies to explore. Year after year, the numbers emerged to measure the success of Web3 gaming funding, which continues to rise.



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14 11, 2024

GBP/USD Forecast: Trump Trade Eclipses Inflation Data

By |2024-11-14T15:07:50+02:00November 14, 2024|Forex News, News|0 Comments

  • US consumer prices increased by 0.2% in October.
  • Traders expect Trump’s policies to drive inflation and pause or significantly slow Fed rate cuts.
  • BoE’s Catherine Mann noted that inflation might be higher than expected in the medium term.

The GBP/USD forecast shows the dollar at new peaks as the Trump trade overshadows recent inflation figures. As a result, the pound remained weak against the greenback despite hawkish remarks from policymakers.

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On Wednesday, the US released its CPI report, which aligned with expectations. Consumer prices increased by 0.2% in October, while core prices increased by 0.3%. Meanwhile, the annual figure rose by 2.6%. Since the increase in inflation was expected, the Fed will likely lower borrowing costs in December.

The dollar initially retreated before climbing as market participants shifted their focus to Trump’s win. Traders expect Trump’s policies to drive inflation and pause or significantly slow Fed rate cuts.

The next significant reports will include wholesale inflation and retail sales. Producer prices are a leading indicator of future consumer prices. Therefore, rate-cut bets might ease if producer prices are higher than expected. The opposite is also true. Meanwhile, retail sales will show consumers’ financial health. High sales will show robust consumer spending, reducing rate-cut bets. On the other hand, low sales will indicate weak consumer spending, solidifying bets for a December rate cut.

Meanwhile, in the UK, Bank of England policymaker Catherine Mann noted that inflation might be higher than expected in the medium term. Mann is the only policymaker who voted against a rate cut at the last BoE meeting. Market bets for rate cuts in the UK have dropped since the reading of the new government budget. The BoE might only cut rates twice next year. 

GBP/USD key events today

  • Core PPI m/m
  • PPI m/m
  • Unemployment Claims
  • Fed Chair Powell Speaks

GBP/USD technical forecast: Bearish momentum head for the 1.2650 level

GBP/USD Forecast: Trump Trade Eclipses Inflation Data
GBP/USD 4-hour chart

On the technical side, the GBP/USD price has broken below the 1.2750 key support to make a new low in the downtrend. Moreover, the price trades well below the 30-SMA, showing bears have a strong lead. At the same time, the RSI is in the oversold region, indicating solid bearish momentum. 

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The next target for the pair is at the 1.2650 support level. However, after such a steep collapse, bulls might be preparing to return for a pullback to the 1.2750 level or the 30-SMA.

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14 11, 2024

XRP Price Prediction for November 14

By |2024-11-14T15:06:43+02:00November 14, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The crypto market remains dominated by bulls, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The price of XRP has risen by 5.38% over the last 24 hours.

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Image by TradingView

On the hourly chart, the rate of XRP is near the local resistance of $0.7048. If the growth continues, there is a chance to see a level breakout, followed by a test of the $0.71-$0.72 zone.

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Image by TradingView

On the bigger time frame, traders should pay attention to the resistance of $0.7398. If bulls can hold the gained initiative and return the price to the mentioned mark, the upward move may continue to the $0.75-$0.80 range soon.

Article image
Image by TradingView

From the midterm point of view, the rate of XRP has almost touched the resistance of $0.75. At the moment, one should focus on the weekly bar’s closure. 

Related

SHIB Price Prediction for November 13

If a breakout happens, the accumulated energy might be enough for a move to the $0.80-$0.85 area.

XRP is trading at $0.7075 at press time.

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14 11, 2024

2024 Global Green Tea Market Analysis and Forecast

By |2024-11-14T13:35:18+02:00November 14, 2024|Dietary Supplements News, News|0 Comments


Green Tea Market Segmentation

“The Business Research Company a report, titled, ‘Green Tea Global Market Report 2024 – By Type (Green Tea Bags, Green Tea Instant Mixes, Iced Green Tea, Loose Leaf, Capsules, Other Type), By Category (Organic, Conventional), By Flavored (Flavored, Unflavored), By Distribution Channel (Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channel) – Market Size, Trends, And Global Forecast 2024-2033Green Tea Global Market Report 2024 – By Type (Green Tea Bags, Green Tea Instant Mixes, Iced Green Tea, Loose Leaf, Capsules, Other Type), By Category (Organic, Conventional), By Flavored (Flavored, Unflavored), By Distribution Channel (Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channel) – Market Size, Trends, And Global Forecast 2024-2033’. According to the report, The green tea market size is expected to see strong growth in the next few years. It will grow to $23.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.

Request a Free Sample Copy of This Report @

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Report Coverage & Details:

• Forecast Period: 2024-2033

• Base Year: 2023

• Market Size In 2024: $17.6 billion

• Revenue Forecast In 2033: $23.65 billion

• CAGR: 7.7%

Global Green Tea Market: Segmentation

The green tea market covered in this report is segmented –

1) By Type: Green Tea Bags, Green Tea Instant Mixes, Iced Green Tea, Loose Leaf, Capsules, Other Type

2) By Category: Organic, Conventional

3) By Flavored: Flavored, Unflavored

4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channel

Browse Full Report With TOC & List Of Figure

https://www.thebusinessresearchcompany.com/report/green-tea-global-market-report

Green Tea Market Report: Growth Drivers

The consumer trend towards healthier food options is expected to stimulate the growth of the green tea market. Healthy food choices involve selecting and consuming foods that promote overall well-being, support good health, and provide essential nutrients for optimal bodily functions. Green tea, a beverage or dietary supplemen*t, has been associated with benefits such as improved mental alertness, reduced digestive discomfort and headaches, and weight loss support. For instance, in May 2022, the International Food Information Council indicated that around 52% of Americans followed a diet or eating pattern emphasizing clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based diets (12%) in 2022, up significantly from 39% in 2021. Thus, the consumer shift towards healthier food choices is driving the green tea market.

Key Developments:

FFP Acquired T-Bev For Expanding Platform Into Nutraceutical Ingredients

In May 2022, Florida Food Products, a US-based innovator, formulator, and producer of natural and clean-label ingredients, acquired T-Bev, Inc., for an undisclosed amount. With this acquisition, T-Bev is expected to expand the Florida Food Products platform into nutraceutical ingredients while strengthening its presence in value-added, natural tea products. T-Bev Inc. is a US-based manufacturer and distributor of natural and organic caffeine and functional botanical extracts, including green tea.

Top Market Leader Included:

Unilever Group, Associated British Foods plc, Ito En Ltd., Bombay Burmah Trading Corporation Limited, Kirin Beverage Company, Tata Consumer Product Limited, Twinings, Bigelow Tea, The Bigelow Tea Company, Pukka Herbs, Dilmah Ceylon Tea Company PLC, Yogi Tea, Organic India, Vahdam Teas, Celestial Seasonings, Republic of Tea, Mighty Leaf Tea, Tetley, Shangri-la Tea, Stash Tea

Green Tea Industry: Regional Landscape

Asia Pacificwas the largest region in the green tea market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the green tea market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the green tea market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Green Tea Market Report Include?

1.Introduction

• Overview of the Green Tea Market

• Comprehensive Analysis of Green Tea Market

2. Green Tea Market Drivers and Restraints

• Drivers and Restraints For Historic And Forecast Period

3. Green Tea Market Segmentation

• By Drug Class

• By Indication

• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Green Tea Market

• Overview

• Products and Services

• Strategy

5. Green Tea Market Regional And Country Analysis

• By Region

• By Country

6. Market Trends And Opportunities In Green Tea Market

• Technological Advancements

• Emerging Trends

7. Green Tea Market Future Outlook and Potential Analysis

• Growth Strategies

• New Opportunities

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The Business Research Company

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What Does The Business Research Company Do

The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package and much more

Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.





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14 11, 2024

USD/JPY Outlook: Trump Trade Sparks Sharp Rally Against Yen

By |2024-11-14T13:06:58+02:00November 14, 2024|Forex News, News|0 Comments

  • The yen has lost around 30% of its value against the dollar since 2020.
  • US Treasury yields and the dollar have risen since Trump won.
  • US consumer inflation rose as expected in October.

The USD/JPY outlook shows sharp declines in the yen as the dollar scales new peaks due to optimism about Trump’s election win. Meanwhile, top officials in Japan are getting concerned about a weak yen, with some urging the BoJ to hike rates.

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According to data from the Bank of Japan, the yen has lost around 30% of its value against the dollar since 2020. This decline has come from low interest rates in Japan, which has created a wide rate differential with the US. However, the BoJ recently shifted to rate hikes before pausing amid concerns about market volatility. 

Meanwhile, US Treasury yields and the dollar have risen since Trump won the election. At the same time, Fed rate cut expectations have dropped. Therefore, the hope of quickly shrinking the rate gap is fading. 

On Thursday, a top opposition leader said that the Bank of Japan should raise rates to 1% to support the weak yen. Moreover, he added that the central bank should be vocal about its plans.

Meanwhile, data on Wednesday revealed that US consumer inflation rose as expected in October. On a monthly basis, it increased by 0.2%, while annually, it rose by 2.6%. Therefore, the Fed will likely lower borrowing costs by 25-bps in December. 

However, the outlook for rate cuts in 2025 has changed with Trump as the new president. His policies on taxes and trade will likely be inflationary. Therefore, the Fed might have to pause or cut rates more slowly than expected. 

Elsewhere, the US will release wholesale inflation and retail sales figures, which will continue to shape bets on a December Fed rate cut. Moreover, market participants will pay attention to Powell’s speech.

USD/JPY key events today

  • US core PPI m/m
  • US PPI m/m
  • US unemployment claims
  • Fed Chair Powell speaks

USD/JPY technical outlook: Uptrend continues above 156.02

USD/JPY Outlook: Trump Trade Sparks Sharp Rally Against Yen
USD/JPY 4-hour chart

On the technical side, the USD/JPY price has reached a new peak near the 156.02 key level. The price trades well above the 30-SMA, indicating a strong bullish move. Moreover, bullish momentum is strong, with the RSI in the overbought region. 

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Initially, the price had struggled to breach the 154.00 resistance level. However, when it did, bulls confirmed a continuation of the previous bullish trend.

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