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Showing posts with the label market impact

3 Sectors Most Exposed to De-Dollarization: Do You Hold Them?

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The phenomenon of de-dollarization is as real as it gets. The event is not merely restricted to just textbooks now; it has evolved into a narrative that is gaining immense traction in today’s world and age. De-dollarization in today’s global regime can be summarized into a series of brief events. For example, nations ditching the US dollar for trade, a hunt for alternative currencies, and the rise of alternative assets such as gold. These developments spell trouble for the dollar in bold headlines, fanning the flames of de-dollarization to new levels. That being said, this narrative is especially lethal to three financial domains. Let’s check how the event can harm these sectors in the future to safeguard one’s invested stake in the domains. Also Read: Strong US Dollar Is Dangerous: De-Dollarization Accelerates Worldwide Three Sectors Exposed to De-Dollarization The Most 1. Energy Trade Source: Mining.com Global nations have long used the US dollar in conducting ...

Cryptocurrency markets cash in as Astronomer CEO resigns

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Andy Byron has resigned as CEO of Astronomer following a wave of speculation fueled by a viral video from a Coldplay concert, with the move triggering a wave of profits for cryptocurrency traders.  The clip, which showed Byron in a compromising moment with Chief People Officer Kristin Cabot on the event’s “kiss cam,” quickly sparked backlash online. Byron, who became CEO of the New York-based company in July 2023, officially stepped down on Saturday, July 18. Notably, Astronomer confirmed his resignation via a post on X, naming cofounder Pete DeJoy as interim CEO. “Andy Byron has tendered his resignation, and the Board of Directors has accepted. The Board will begin a search for our next Chief Executive as Cofounder and Chief Product Officer Pete DeJoy continues to serve as interim CEO,” the company said.  It is worth noting that the firm had placed him on leave a day earlier and launched a formal investigation.  Crypto m...

Tesla Stock Drops 51%—Dealership Attacks & Musk’s DOGE Role

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Tesla stock has actually plummeted about 51% from its all-time highs right now as violent attacks on dealerships continue to increase and political controversy surrounds Elon Musk. The dramatic stock market volatility we’re seeing follows Musk’s rather prominent role in the Trump administration, where he’s currently overseeing the Department of Government Efficiency. Source: Google Also Read: CoinEx Listing Pi Coin: What’s Next After 19.3% Price Drop? Tesla Stock Tumbles: Musk’s Politics, Vandalism & Market Impact Source: APNews At the time of writing, Tesla stock has experienced a pretty dramatic reversal of fortune. After doubling in value following the election, shares have now unfortunately shed all those gains, with a steep 44% drop in 2025 alone, which is significantly underperforming the broader market indexes. Source: Yahoo Finance Violent Attacks Target Tesla Properties This level of violence is insane and deeply wrong. Tesla just makes electric cars and...

Ripple to unlock 1 billion XRP this Friday (November 1); What’s next?

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Ripple, XRP Ledger’s (XRP) core developer and largest holder, will unlock 1 billion tokens this Friday, November 1. At current prices, this unlock has a nominal value of above $520 million, part of which Ripple will eventually sell. Notably, the currently locked 1 billion XRP—together with over 40 billion more—is not counted as XRP’s circulating supply. Thus, unlocking and selling a fraction of these tokens will effectively inflate XRP’s supply, diluting other holders’ value. This dilution’s effects can be varied, potentially even directly affecting XRP’s price as the market speculates on the potential outcomes. Interestingly, XRP dropped aggressively on October 1 and 22, right after last month’s unlock and 200 million tokens’ selling, respectively. Picks for you What will Nvidia stock price b...