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...The benchmark index’s return for the week so far is 7.8 per cent. If the index holds on to gains, it will cap its strongest week since November 2022....
...The three bitcoin ETFs each closed between 1.5 per cent and 1.8 per cent higher on their debut, while the ether ETFs lost between 0.5 per cent and 0.8 per cent....
...Airbus’ 2023 year-end backlog stood at 8,598 aircraft. It delivered 735 aircraft, an 11 per cent increase year-on-year....
...It later slipped back to around ¥156.8. Earlier in the day, the yen had fallen past ¥160 against the dollar, as the gulf between Japanese and US interest rates continued to pressure the currency....
...Instead of fiat coming into cryptoland, it’s crypto being used as a currency in the real world.”...
...The yen weakened 0.8 per cent against the dollar to ¥150.36 for the day....
...The city’s benchmark Hang Seng index rose 1.3 per cent while the Hang Seng Tech index increased 1.7 per cent and the Hang Seng China Enterprises index of large cap stocks added 1.8 per cent....
...“Bitcoin is going to be worth more in the future than it is today,” said Asher Genoot, chief executive of Hut 8, a US miner....
...It suffered the biggest drop among major currencies in the world this month, falling nearly 4 per cent. The currency has lost 8.7 per cent of its value this year....
...Mitsubishi Electric was among the best-performing stocks, rising 15.8 per cent....
...Join me and fellow colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Join me and my colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Email me at philip.stafford@ft.com Join me and fellow colleagues at FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...Taken at face value, this suggests that $1bn of inflows leads to ~8% returns for Bitcoin....
...Second and third on the list are Venezuela (0.8 per cent of GDP) and Moldova (0.7 per cent). Tax haven use is common in both crypto and tradfi, of course....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Email me at philip.stafford@ft.com Join me and my colleagues at the FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...South Korea’s currency fell 0.8 per cent against the dollar to Won1390.90....
...Looking at the historical performance, any one of them can be down 8 per cent one month, up 34 the next, down 0.5 the month after that and then up 16 again....
...In currency markets, Japan’s yen whipsawed, first weakening past ¥160 per dollar before strengthening amid speculation of intervention by the Bank of Japan....
...Ether, the second most popular cryptocurrency, is down 8 per cent in the past week. Rival coins dogecoin and cardano are down 4 per cent and 12 per cent respectively....
...South Korea’s currency declined 0.8 per cent to trade at Won1,330.50 per dollar, the yen slid 0.3 per cent to ¥146.15, while the Australian dollar fell 0.7 per cent to US$0.66....
...The administrators have agreed to sell about two-thirds of the 8 per cent stake in Anthropic for about $884mn to a group of 22 investors, including ATIC and Jane Street, according to filings on Friday....
...Argentina’s economy has entered a severe recession, with the IMF predicting a 2.8 per cent contraction this year....
...As of Friday afternoon, the single currency was down 1.8 per cent on the week, the biggest weekly decline since September 2022....
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