Analysis

In a significant turn of events, a stay of the monetary penalties has been requested by the behemoth payment firm Ripple Labs as its lengthy legal dispute with the United States Securities and Exchange Commission (SEC) continues to unfold. 

China's move to free the reins on local governments in the late 70s was once a source of strength, prompting regional competition and investment that sparked a housing boom and hefty revenue from land sales, but now as the housing crisis rages on, those "helping hands" have shifted to "grabbing hand

Gold rises above $2,500, peaking at $2,523 before profit-taking ahead of key US economic data.

Upbit, the largest cryptocurrency exchange in South Korea, has officially launched a new trading market for BIGTIME, a blockchain-based multiplayer role-playing game.

Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August.

U.S. equities were mixed at the close on Thursday, as gains in the Consumer Services, Consumer Goods and Technology sectors propelled shares higher while losses in the Healthcare, Industrials and Financials sectors led shares lower.

US Dollar weakened on Thursday after mixed US economic data.

Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted.

The U.S. presidential election is an important event that affects global financial markets, with its influence reaching far beyond U.S. borders into the economies of emerging markets (EMs). 

Silver price (XAG/USD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce during Thursday’s European hours.

Toncoin (TON), the native cryptocurrency of The Open Network blockchain, has experienced a challenging week, further compounded by a broader market downturn and the recent arrest of Telegram CEO Pavel Durov.

European stock markets drifted lower Thursday, trading in a subdued manner ahead of the key monthly US jobs report amid renewed concerns over the prospects for the world’s largest economy.

West Texas Intermediate (WTI) US crude Oil prices trade with a mild positive bias, just above the $69.00/barrel mark during the early European session on Thursday, albeit lack bullish conviction.

Australia equities were higher at the close on Thursday, as gains in the IT, Real Estate Investment and Gold sectors propelled shares higher.

The GBP/JPY cross trades in negative territory for the third consecutive day near 188.15 during the early European session on Thursday.

On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH.

AAVE, the native token of the crypto lending protocol with the same name, was among the top performers during August.

Japan equities were lower at the close on Thursday, as losses in the Precision Instruments, Mining and Chemical, Petroleum&Plastic sectors propelled shares lower.

Gold recovers after the release of under par US job’s data stokes fresh concerns about a hard landing. 

The GBP/USD pair trades with a positive bias around mid-1.3100s during the Asian session on Thursday, albeit it lacks strong follow-through buying and remains below the weekly top touched the previous day.