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18 03, 2024

Investor Names Key Reason Behind Bitcoin (BTC) Crash

By |2024-03-18T17:56:21+02:00March 18, 2024|Forex News|0 Comments


Contents

The cryptocurrency market experienced a significant downturn recently, with Bitcoin leading the plunge.

Fred Krueger, a notable figure in the investment community, took to X to analyze the cause behind this sudden crash, putting forward a complicated theory.

Did massive bet backfire?

According to Krueger, a large fund was engaged in a risky trading strategy involving shorting MicroStrategy (MSTR) stock while simultaneously buying Bitcoin (BTC), with a staggering $1 billion allocated to each side of the trade.

His strategy backfired last Friday when the fund was forced to stop out, leading to the sale of $1 billion worth of Bitcoin.

This massive sell-off allegedly triggered further liquidations in the market, compounded by sales from smaller investors, referred to colloquially as “shrimp, crabs and fish.”

As reported by U.Today, MicroStrategy, a Virginia-based enterprise software company known for its significant Bitcoin holdings, has surprisingly surpassed Amazon in trading volume.

This surge was part of a broader trend of increasing enthusiasm in the equitized Bitcoin complex, which now boasts over $20 billion in daily trading volume.

Skepticism and Bitcoin’s current state

Krueger’s analysis sheds light on a possible catalyst for Bitcoin’s recent crash, but not everyone in the crypto community is convinced.

A post from Josh Olszewicz, a prominent analyst and former head of research at Valkyrie Investments, questioned the viability of the trading strategy outlined by Krueger. He suggested that such a trade would have likely failed before the events of last Friday.

Amid this debate, Bitcoin’s price has shown little resilience, currently trading just above the $66,000 level.

Earlier this week, the flagship coin surged to a new all-time high of $73,000.





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18 03, 2024

AUDUSD sellers push toward lows for the day and the key 200-day MA

By |2024-03-18T17:10:27+02:00March 18, 2024|Forex News|0 Comments


The AUDUSD sellers are pushing toward lows for the day and the key 200 day moving average. That level comes in at 0.6558.

The move to the downside in the US session comes after buyers had their shot above the 50% midpoint of the move up from the March low to the March high. That level comes in at 0.6572. The high price today reached 0.65735 – just above the level.

So sellers are making their play. Can I get and stay below the 200-day moving average?

This article was written by Greg Michalowski at www.forexlive.com.



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18 03, 2024

NAV Bridging the Gap Between TradFi and DeFi with Compliant Asset Products

By |2024-03-18T16:53:59+02:00March 18, 2024|Forex News|0 Comments


NAV Bridging the Gap Between TradFi and DeFi with Compliant Asset Products

NAV, a pioneering quantitative hedge fund, is making significant strides in bridging the gap between traditional finance and the decentralized finance (DeFi) ecosystem through its suite of regulatory-compliant Structured Investment Products (SIPs).

As a registered entity in the British Virgin Islands (BVI), NAV operates within a robust legal framework, ensuring the highest standards of transparency, accountability, and investor protection. This commitment to regulatory compliance positions NAV as a trusted gateway for traditional investors looking to explore the opportunities presented by the DeFi space.

One of NAV’s groundbreaking offerings is the Eigen Layer SIP, a product that combines multiple liquid staking derivatives and concentrated liquidity pairing to optimize yield potential. By leveraging advanced quantitative strategies and a deep understanding of the DeFi landscape, the Eigen Layer SIP aims to deliver superior risk-adjusted returns to investors.

In addition to the Eigen Layer SIP, NAV offers the Funding Arbitrage SIP, which capitalizes on funding rate discrepancies across various DeFi platforms. By employing sophisticated algorithms to identify and exploit these discrepancies, the Funding Arbitrage SIP generates attractive returns for investors while maintaining a market-neutral position.

“NAV’s mission is to bridge the divide between traditional finance and DeFi by offering investors secure and compliant access to the opportunities presented by the decentralized finance space,” said Jordi, Head of Compliance at NAV. “Our Structured Investment Products are designed to meet the rigorous standards of traditional investors while harnessing the innovative potential of DeFi.”

By combining the best practices of traditional finance with the cutting-edge strategies of DeFi, NAV is creating a new paradigm for investing in the decentralized finance space. As more traditional investors seek to diversify their portfolios and gain exposure to the growth potential of DeFi, NAV is well-positioned to become the bridge that connects these two worlds.



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18 03, 2024

Markets overvie. The Week Ahead: Federal Reserve, Bank of England rate meetings; Micron results

By |2024-03-18T16:23:41+02:00March 18, 2024|Forex News|0 Comments


Central banks will be in focus this week, with the Bank of Japan kicking things off with its meeting starting on Monday, followed by the rate decision on Tuesday. Speculation has been swirling that the BoJ may opt to lift rates out of a negative interest rate policy for the first time in years. As of 14 March, the market is pricing a 55% chance for a rate hike. However, the BoJ’s unpredictable nature makes it a wait-and-see event.

Meanwhile, the more significant questions swirl around what the US Federal Reserve will indicate regarding its future path for monetary policy, while it isn’t clear when the Bank of England will start cutting rates either. Let’s face facts: stocks have rallied in hopes of easing monetary policy in 2024. In earnings news, Micron Technology reports its second-quarter results after the close on Wednesday, and this stock has been a big hitter so far in 2024 thanks to artificial intelligence (AI) mania.

US Federal Open Market Committee decision & statement

Wednesday 20 March: Markets don’t foresee the Fed moving on interest rates yet, but investors will pay close attention to the “dot plot,” also known as the summary of economic projections. This will give the markets a sense of how many cuts the Fed sees in 2024 and, perhaps more importantly, the longer-run neutral rate. There has been a lot of debate in recent months around the neutral rate and whether it’s genuinely higher than what the Fed has pencilled in, which could have a significant impact on rates and the equity markets. If the neutral rate is in fact higher, and the market has overestimated the number of cuts, valuations for stocks could prove to be too high.

Since 12 February, the Nasdaq 100 has basically stalled out, increasing less than 1%, despite all the AI hype. That means the considerable risk coming out of the FOMC meeting is a more hawkish-than-expected path for monetary policy. It would only take a drop of about 1.5% for the Nasdaq 100 to break a critical support level at 17,850, opening the path to much lower levels.

Micron Technology

Wednesday 20 March: Micron [MU] is expected to report a loss of $0.25 per share on revenue growth of 44.6% to $5.34bn. Meanwhile, adjusted gross margins are expected to be 13% for the quarter. Analysts are forecasting fiscal third-quarter revenue growth of 59% to $5.96bn and a profit of $0.21, with adjusted gross margins expanding to 21%.

Implied volatility for this earnings report is relatively high, with a 25-delta call for expiration on 19 April trading at 50%, and a 25-delta put trading at 47%. This indicates that traders are aggressively positioned for the stock to rise following the results. However, with call implied volatility so high, it may not be bullish, as call premiums are likely to decline faster than put premiums once the results are announced.

The stock appears to have strong resistance at $100, and a bump and run pattern is present, which is a bearish pattern, with multiple gaps to fill all the way down to support at $81. A failure for the stock to surpass $100 post-results could see it trade lower and return to support.

Bank of England rate decision & minutes

Thursday 21 March: Little is expected from the BoE, although markets are pricing in a full rate cut by the August meeting, and investors will be listening closely to whether the Bank is still on track to deliver that first rate cut by then. Any hints that it may be delayed or pushed back, or for that matter, pulled forward, will significantly impact the British pound, which has been strengthening lately versus the US dollar.

The pound has recently moved to the upper trading range around 1.28 to the dollar in recent days, but has been unable to maintain a breakout. If the BoE can maintain a more hawkish view and push back on the timing of rate cuts, despite the recent cooling wage growth figures, it may push the pound higher, confirming the breakout and potentially sending the pound to as high as $1.295. However, a more dovish statement from the BoE which confirms rate cuts are coming sooner probably means GBP weakens, potentially heading back towards the 1 25 area.

Key economic and company events

Here’s our rundown of notable economic announcements and company reports scheduled for the coming week:

Monday 18 March

China industrial production (Feb), retail sales (Feb)
Eurozone consumer price index (Feb)
Results: Marshalls (FY)

Tuesday 19 March

Bank of Japan rate decision & statement
Reserve Bank of Australia rate decision & statement
Results: Close Brothers (HY), Tencent Music Entertainment (Q4), Trustpilot (FY)

Wednesday 20 March

UK consumer price index (Feb)
UK retail price index (Feb)
US Federal Open Market Committee rate decision and policy statement
Results: BioNTech (Q4), General Mills (Q3), Micron Technology (Q2), Prudential (FY)

Thursday 21 March

Australia unemployment rate (Feb)
UK public sector net borrowing (Feb)
Eurozone purchasing managers’ index (flash, Feb)
UK purchasing managers’ index (flash, Mar)
Results: Darden Restaurants (Q3), Direct Line Insurance Group (FY), Next (FY)

Friday 22 March

UK retail sales (Feb)
Results: Accenture (Q2), FedEx (Q3), Nike (Q3), JD Wetherspoon (HY)
Note: While we check all dates carefully to ensure that they are correct at the time of writing, the above announcements are subject to change.

Index dividend schedule

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18 03, 2024

Under Armour shares drop with CEO set to move on LeapRate

By |2024-03-18T15:36:24+02:00March 18, 2024|Forex News|0 Comments


Shares in Under Armour (UA) fell on Thursday following the announcement of a change in the company’s CEO. They lost more than 10% of their value in morning trading with the news that founder Kevin Plank is coming back while CEO Stephanie Linnartz will be leaving her role on 1 April.

Under Armour shares drop with CEO set to move on LeapRate

Linnartz has been in the role for a little more than a year and has been making significant changes, such as introducing a rewards programme and making high-profile hiring decisions. Analysts are now undecided as to whether the return of Plank is a good thing and whether he will be back for the long term or as a short-term measure. Linnartz was working through a three-year plan for UA and was given the CEO role due to her experience in building digital sales and a loyalty programme at Marriott Hotels (MAR).

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A statement released by Plank said that Linnartz

strengthened the leadership team with executive hires in critical areas, including product, design, supply chain, consumer connectivity, and regional management.

The outgoing CEO said that it was an honour to work for UA and that she would be rooting for the company in the future. UA saw its profits rise in 2023 despite revenue remaining flat at $1.6bn in Q2. Gross profit in this quarter was reported at $752m, which represented 48% of its net revenue. However, it lowered its revenue expectations for 2024, mainly due to the challenges in North America that have seen sales fall there.



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18 03, 2024

Will ETP Launch Send Shares of this DeFi Firm Higher?

By |2024-03-18T15:22:45+02:00March 18, 2024|Forex News|0 Comments


Shares of this native crypto technology company traded higher on Friday and may continue that run after a new product announcement.

Crypto native technology company DeFi Technologies Inc. (OTC: DEFTF)announced in a press release today the issuance of an exchange-traded product (ETP) providing simplified access to digital assets from its subsidiary, Valour Inc. Valour has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. 

This pioneering product provides a diversified investment approach to the top blue-chip digital assets in a simple and secure manner. The ETP tracks the STOXX Digital Asset Blue Chip X Index, which is based on a rule-based passive index methodology, leveraging Bitcoin Suisse’s Global Crypto Taxonomy for asset classification. The collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market, with a primary focus on their joint efforts to launch, list, operate and distribute ETPs in both the international and Swiss markets. 

Shares of DeFi finished Friday trade up over 6 percent.

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18 03, 2024

Dollar dips, yen steady as BOJ policy shift beckons By Reuters

By |2024-03-18T14:50:03+02:00March 18, 2024|Forex News|0 Comments


© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo

By Harry Robertson and Ankur Banerjee

LONDON/SINGAPORE (Reuters) – The dollar edged lower on Monday as traders looked ahead to central bank meetings this week, with the Bank of Japan potentially on the brink of ending negative rates and the market waiting for the Federal Reserve’s projections for rate cuts.

As well as Japan and the United States, central banks in Britain, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil and Indonesia are all due to meet.

The , which measures the U.S. currency against six other major currencies, was last down 0.12% at 103.35. It has risen around 2% this year as the U.S. economy has fared better than expected, causing investors to rein in their bets that the Fed will cut rates quickly and deeply in 2024.

Markets are now pricing in 73 basis points of cuts this year, down from around 140 bps at the start of the year, with around a 60% chance of the first rate cut coming by June, according to LSEG data.

The focus on Wednesday will be on whether Fed policymakers change their projections of rate cuts, or dot plots, for the year. The Fed in December projected 75 basis points of easing in 2024.

The dollar was little changed against the Japanese yen at 149.07 yen per dollar.

The yen has had a whirlwind few weeks, weakening to 150.88 to the dollar last month. It then rebounded to a one-month high of 146.48 at the start of March, on the back of stronger than expected economic data and rising bets that the BOJ is preparing to end eight years of negative interest rates.

Bigger-than-expected pay hikes by major Japanese firms cemented expectations that the central bank will exit ultra-loose monetary policy, potentially as soon as at its meeting on Tuesday.

“If the BOJ is not going to move then the Bank has done a poor job of damping expectations,” said Colin Asher, senior economist at Japanese bank Mizuho in London. “Not moving now would likely spur more volatility than moving.”

The euro last bought $1.0904, up 0.15%, while sterling was unchanged at $1.2738 ahead of the Bank of England meeting on Thursday when the central bank is expected to hold rates at 5.25%.

Australia’s central bank is due to meet on Tuesday and is widely expected to hold rates steady. The Australian dollar was 0.17% higher at $0.6571.

The dollar was down 0.14% against the Swiss franc at 0.8825 francs. Some investors think the Swiss National Bank could cut interest rates on Thursday, with inflation having long been within its 0-2% target range.



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18 03, 2024

Anticipated BoJ Rate Hike After 17 Years

By |2024-03-18T14:03:46+02:00March 18, 2024|Forex News|0 Comments


In its policy meeting tomorrow, the Bank of Japan is widely expected to make its first rate hike since 2007, as evidence mounts that wage-inflation pressures are finally reaching an appropriate level to drive such a hike.

  1. The Bank of Japan will shortly begin a policy meeting which will culminate tomorrow with forecasts and a decision on interest rates. The Bank is widely expected to hike rates tomorrow by 90% of those polled, including Goldman Sachs, to put them in positive territory for the first time in many years, with the Bank not having raised its interest rate for over 17 years. Although the hike is expected, it could be seen as likely to trigger new strength in the Japanese Yen.
  2. Stock markets in Asia are climbing as the week opens, led higher by a strong rally in the Japanese market on the back of tomorrow’s expected central bank policy change. The Nikkei 225 Index is up by more than 2.66% on the day.
  3. In the Forex market, the New Zealand Dollar has been the strongest major currency since the Tokyo open today. The Japanese Yen has been the weakest.
  4. Bitcoin is advancing again after making a new all-time high last Thursday just below $74,000, boosted by strong net inflows to ETFs. The short-term price action looks bullish. Trend traders will be interested here on the long side.
  5. In the commodities market, Cocoa futures rose very strongly last week – by over 24% – to reach new multi-year highs. Trend traders will be keen to be involved in this very long-running trend on the long side.
  6. In addition to the Bank of Japan’s policy meeting tomorrow, the Reserve Bank of Australia will also be meeting. The RBA is expected to leave its rate unchanged at 4.35%.
  7. Chinese Industrial Production data released earlier was higher than expected, showing an annualized increase of 7.0% when only 5.3% was expected.

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18 03, 2024

DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc.,

By |2024-03-18T13:52:14+02:00March 18, 2024|Forex News|0 Comments


  • Launch of 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP: DeFi Technologies Inc. announces a collaborative product from Valour Inc., Bitcoin Suisse AG, and STOXX, offering a diversified investment in top blue-chip digital assets through a new Exchange Traded Product (ETP).
  • Innovative Methodology and Partnerships: The ETP, tracking the STOXX Digital Asset Blue Chip X Index, is based on a rule-based passive index methodology, leveraging Bitcoin Suisse’s Global Crypto Taxonomy for asset classification. It represents the deepening partnership between Valour Inc. and Bitcoin Suisse AG, aimed at distributing ETPs in international and Swiss markets.
  • Strategic Asset Selection and Management: The ETP ensures a balanced investment portfolio with quarterly rebalancing, a market cap-weighted index, and a target weight cap of 30% for any single token. This initiative combines Valour Inc.’s expertise in ETP issuance, Bitcoin Suisse’s experience in crypto-finance, and STOXX’s proficiency in index management.

ZUG, Switzerland and TORONTO, March 18, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. This pioneering product marks a significant step forward in the digital asset market, providing a diversified investment approach to the top blue-chip digital assets in a simple and secure manner.

This new ETP is built upon the existing partnership between Valour and Bitcoin Suisse AG (“Bitcoin Suisse”), initially formed to develop Exchange Traded Products (ETPs) backed 1:1 by digital assets. This collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market. The primary focus of their joint efforts is to launch, list, operate, and distribute ETPs in both the international and Swiss markets. Swiss crypto-finance and technology pioneer Bitcoin Suisse, with its established brand recognition in the crypto assets sector, complements Valour’s role as an issuer of ETPs and provider of an exchange listing platform for digital assets.        

Andrej Majcen, Chief Executive Officer of Bitcoin Suisse, commented “With this index based ETP, we are excited to be able to offer the possibility to passively diversify into the digital asset market. Our goal is to enable investors to make more informed investment decisions by providing them with professional tools in a maturing market. The Blue-Chip Index is derived methodically from a systematic rule set, making digital asset selection for portfolio diversification more accessible and less complex. Once more, Bitcoin Suisse continues to demonstrate its strength as a pioneer by delivering the first leading smart beta investment product for digital assets. With a rule based asset selection, the Blue-Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“

The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index. This index offers exposure to leading assets within the broader STOXX Digital Asset Blue Chip Index, specifically those trading on Xetra. The ETP employs a rule-based passive index methodology, meticulously designed to encompass a comprehensive spectrum of the cryptocurrency market.

Assets are classified into sectors such as Cryptocurrency, General Purpose Smart Contract Platform, Decentralized Finance (DeFi), Utility, and Culture, using the Bitcoin Suisse Global Crypto Taxonomy (GCT). The selection of assets is based on a rigorous multi-step process aimed at identifying the most influential and representative assets in each sector. This selection is re-evaluated quarterly, ensuring the ETP remains reflective of the dynamic digital asset market.

“With a maximum weighting limit of 30% for each underlying crypto, the new 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP serves as the perfect tool for entering the crypto world with just one position in your portfolio,” adds Marco Infuso, Chief Sales Officer at Valour. “It can be used as a kind of satellite approach in an institutional portfolio and is ideal as a monthly savings plan solution for retail customers.”

This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table. Valour provides its proven expertise in ETP issuance, Bitcoin Suisse offers its deep-rooted experience in the crypto-finance and technology domain, and STOXX contributes its renowned capabilities in index creation and management.

About Bitcoin Suisse
Founded in 2013, Bitcoin Suisse AG is the Swiss crypto-finance and technology pioneer. As an enabler for the crypto and blockchain ecosystem in Switzerland, Bitcoin Suisse has been a driving force in the development of the ‘Crypto Valley’ and the ‘Crypto Nation Switzerland’. The crypto-financial services provider offers brokerage, custody, lending, staking, payment solutions and other crypto-related services for private and institutional clients. As a member of the self-regulatory organization Financial Services Standards Association (VQF), Bitcoin Suisse is a financial intermediary subject to Swiss AML/CFT regulations. Bitcoin Suisse consists of several companies under the parent company BTCS Holding Ltd. The company is headquartered in Zug, with offices in Copenhagen, Vaduz and Bratislava and has built a team of over 200 highly qualified experts in Switzerland and Europe. | https://bitcoinsuisse.com/

About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 17,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation.

About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.

About DeFi Technologies
DeFi Technologies Inc. (NEO: DEFI) (GR: MB9) (OTC: DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies’ digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/  

About Valour
Valour Inc. issues exchange traded products (ETPs) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Established in 2019, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: MB9) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Enjin (ENJ), Bitcoin Carbon Neutral (BTCN), and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.

For more information, to subscribe, or to receive company updates and financial information, visit valour.com.

Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the Offering; the regulatory environment with respect to the growth and adoption of decentralised finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For further information, please contact:

Investor Relations DeFi Technologies
ir@defi.tech 

Investor Relations Bitcoin Suisse
invest.advice@bitcoinsuisse.com

 



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18 03, 2024

Silver Prices Forecast: Hawkish Fed, Strong Dollar to Test Market Resilience

By |2024-03-18T13:17:40+02:00March 18, 2024|Forex News|0 Comments


Fed Rate Decisions and Silver Appeal

The Federal Reserve’s current consensus is to hold interest rates steady between 5.25% and 5.5%. This decision affects the market, with traders estimating a 56% likelihood of a rate cut by June. High interest rates typically reduce the allure of non-yielding assets like silver.

Inflation and Rate Projections

Recent U.S. data indicated a considerable rise in consumer and producer prices, primarily due to increasing costs of essential commodities like gasoline and food. This persistent inflation could lead the Fed to favor a longer period of high-interest rates. Silver investors are closely watching for any signs that deviate from the expected one or two rate cuts this year.

Global Central Banks’ Role

This week is not only significant for the Fed’s decision but also for the Bank of England and the Bank of Japan. Their policies might also impact the global economic scenario, thereby influencing silver prices.

Dollar Stability and Silver Cost

The dollar’s performance remains pivotal for silver’s international demand. Currently, the dollar is steady, and any shift caused by central bank outcomes will directly affect silver’s affordability for buyers using other currencies.

Short-Term Silver Market Forecast

While a hawkish Federal Reserve stance, a resilient dollar, and increasing yields typically create a bearish environment for silver, recent market trends suggest a shift. Last week, silver demonstrated unexpected bullishness, a trend that might continue into the current week. This positive movement in silver prices is further supported by robust industrial demand, notably from sectors like solar energy and electronics, which could counterbalance traditional bearish influences.

The upcoming Federal Reserve meeting adds a layer of uncertainty to the market’s direction. If the Fed indicates fewer than three rate cuts this year, it could send a bearish signal for silver. However, considering silver’s recent rise and sustained industrial demand, the market’s response post-Fed announcement remains unpredictable, with potential for movement in either direction.



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