News
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Technical Analysis
ZKsync suffers security breach; hackers steal $5 million worth of ZK tokens
ZKsync (ZK), an Ethereum layer-2 scaling solution, reported on Tuesday that its admin wallet had been compromised. The hacker then minted 111 million unclaimed ZK tokens worth $5 million. The ZK token price dipped nearly 19% and closed at a 5% loss that day.Fxstreet
Wed, Apr 16
Economic Indicator
FACTBOX-Global banks cut China growth forecasts as trade war deepens
SHANGHAI, April 16 (Reuters) - Global investment banks are lowering their projections for China's economic growth this year as U.S. President Donald Trump's aggressive tariffs are expected to take a toll on the world's second-largest economy.Some of the banks had upgraded their forecasts...Reuters
Wed, Apr 16
Commodities
VEGOILS-Palm oil falls for third day on weak rival oils, strong exports limit losses
JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third session on Wednesday, dragged down by lacklustre performances in Chicago soyoil and Dalian vegetable oils, while strong export data and weakness in the ringgit currency limited losses.The benchmark palm oil contrac...Reuters
Wed, Apr 16
Cryptocurrencies
Cardano (ADA) Pressure Mounts—More Downside on the Horizon?
Cardano price started a fresh decline from the $0.680 zone. ADA is consolidating near $0.620 and remains at risk of more losses. ADA price started a recovery wave from the $0.5850 zone. The price is trading below $0.640 and the 100-hourly simple moving average. There is a connecting bearish trend li...NewsBTC
Wed, Apr 16
Technical Analysis
USD/CAD Price Forecast: Breaks below 1.3950 as bearish bias prevails
The USD/CAD pair slips slightly after posting gains in the previous session, trading near 1.3940 during Wednesday’s Asian session. Technical analysis on the daily chart indicates a prevailing bearish trend as the pair continues to move lower within a descending channel.
Fxstreet
Wed, Apr 16
Stocks
EMERGING MARKETS-Stocks fall on tariff woes, baht near 6-month high
MSCI emerging Asia stocks fallStocks in Malaysia and the Philippines fallThai baht rallies to near 6-month highOther Asian currencies drift sidewaysBy Sameer Manekar April 16 (Reuters) - Stock markets in emerging Asia slipped on Wednesday after Nvidia NVDA.O warned of a massive hit from U.S. chip...Reuters
Wed, Apr 16
Technical Analysis
Ripple Price Prediction: Exchange inflows surge as XRP slides, what comes next?
Ripple (XRP) corrected along with other major digital assets, including Bitcoin (BTC) and Ethereum (ETH), and traded at $2.08 at the time of writing on Wednesday. The drawdown cut across the crypto market, causing the total capitalization to drop 3.2% to $2.736 trillion.
Stocks
Spark and Infosys announce strategic IT collaboration
To accelerate Spark's strategy of enabling digital and AI-driven customer experiences Information Technology (IT) collaboration forms part of technology delivery model transformation Collaboration will contribute to reduced IT operating costs, supporting Sparks Operate Programme BENGALURU, In...PR Newswire
Wed, Apr 16
Economic Indicator
Gold price buying remains unabated; fresh all-time high and counting amid trade jitters
Gold price (XAU/USD) scales higher for the second straight day on Wednesday – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $3,283-3,284 area during the Asian session.
Fxstreet
Wed, Apr 16
Commodities
PRESS DIGEST-British Business - April 16
April 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Investors have approved a plan by Aviva AV.L to cancel 450 million pounds ($596.30 million) of supposedl...Reuters
Wed, Apr 16
Other
Olympics-From the fringes in France to the heart of LA, shooting welcomes venue decision
By Amlan Chakraborty April 16 (Reuters) - The International Shooting Sport Federation (ISSF) has welcomed the sport's return to the "heart of the Olympic experience" at the 2028 Games in Los Angeles after being held away from the main venue in Paris last year.The shooting events at th...Reuters
Wed, Apr 16
Stocks
MORNING BID EUROPE-Markets wobble over US-China wrangling
A look at the day ahead in European and global markets from Stella QiuIt's been a sea of red in Asia so far on Wednesday, with new U.S. moves turning up the heat in the trade war with China, but at least the losses have been relatively shallow compared with other down days of the past few weeks....Reuters
Wed, Apr 16
Economic Indicator
China's home prices halt decline in March, but pressures remain
New home prices flat in March despite policy supportProperty investment, sales extend fall in the first quarterChina premier urges unlocking real estate market potentialBy Liangping Gao, Yukun Zhang and Ryan Woo BEIJING, April 16 (Reuters) - China's new home prices stabilised in March after a...Reuters
Wed, Apr 16
Cryptocurrencies
Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics
According to a CryptoQuant Quicktake post published today, Bitcoin (BTC) may still be undervalued based on several on-chain metrics. Crypto on-chain analyst BorisVest explained that data suggests bullish sentiment remains intact for the leading cryptocurrency. On-Chain Metrics Suggest Bitcoin Still ...NewsBTC
Wed, Apr 16
Other
Russia says it downs 26 Ukrainian drones
April 16 (Reuters) - Russian defence units destroyed 26 Ukrainian drones overnight, the Russia's defence ministry said on Wednesday. Nine of the drones were destroyed over the southern Voronezh region and eight over the border Belgorod region, and the rest were downed over the Kursk, Lipetsk and...Reuters
Wed, Apr 16
Other
PwC exits more than a dozen countries, FT reports
April 16 (Reuters) - PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting firm aims to prevent repeats of scandals that have affected it, the Financial Times reported on Wednesday.Reuters
Wed, Apr 16
