500 Financial News

As leading Gamefi project Gala Games (GALA) continues to tumble in the fallout of a major legal dispute between co-founders Eric Schiermeyer and Wright Thurston - with the future of GALA at risk, bag-holders are asking 'is GALA going to zero'?

In the latest on-chain moon-shot Blinky Red Ghost (BLINKY), a meme coin reference to the classic Pac Man game, has exploded +500% in a dramatic skyrocket captivating DEX markets.

Stocks finished yesterday flat after being down earlier for most of the session. A sell-off in the dollar ahead of today's Job report was the main catalyst for the bounce. The S&P 500, for the most part, has consolidated the last two trading sessions and failed for a second day at 4,270.

BNB, XRP, Polygon, and Tron were trading in the red, while Cardano, Toncoin, Litecoin, and Solana were trading in the green. Meanwhile, the global cryptocurrency market cap declined 0.44% to around $1.08 trillion in the last 24 hours. Bitcoin was down 0.6% at $27,484 as of 12:15 p.m., while Ethereum was below the $1,650 level. In the last 24 hours, the crypto market has traded sideways with slight selling pressure. The crypto fear and greed index is up 2 points since yesterday and currently stands at the middle of the scale with a score of 50/100, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures. «In an important development, yesterday's trial against SBF has sparked a new media wave, wherein Gary Wang, the former chief technology officer and co-founder of FTX admitted to committing multiple forms of fraud.

The price of Solana (SOL) has dropped to $23.26 today, with the altcoin falling by 1% in 24 hours as the market as a whole barely moves.

Stocks gained on Wednesday, rising by around 80 bps, as the dollar and rates fell.

₹49 only. The riveting two-hour long quiz, comprising a holistic mix of both multiple-choice and type-in questions, held asynchronously on Kahoot! between 12 noon to 2 PM on 2nd October, was an individual, open-to-all contest for schoolchildren.

As SocialFi takes crypto markets by storm, Avalanche (AVAX) has joined the race - with the launch of FriendTech rival Star Arena, fuelling a dramatic +18% price surge.

Manappuram Finance has filed Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5, the company informed the exchanges. The proposed initial public offering (IPO) of equity shares would be undertaken at face value of ₹10 each, comprising fresh issue up to ₹1,500 crore, the release added. Also Read: Kerala High Court negates FIR against Manappuram Finance CEO VP Nandakumar in money laundering case Founded in 2008 by SV Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for ₹48.63 crore.

Hiranandani Group and US-based private equity major Blackstone Group, is planning to invest around Rs 1,500 crore to augment its warehousing portfolio in Chennai to nearly 640 acres over the next three years. The company is planning to add land parcels spread over 450 acres to its delivered and operational 2.2-million-sq-ft warehousing facilities in Chennai’s Oragadam locality. This logistics park is part of an integrated township, Hiranandani Park, spread over 380 acres. Of the 450-acre planned addition, the company has acquired nearly 100 acres and is in advanced talks to buy an additional 50 acres around the operational logistics park.

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. 

Investing.com — The S&P 500 rose Wednesday as the rise in Treasury yields was halted by data showing the pace of private job growth slowed to a 32-month low, easing fears somewhat that the Federal Reserve may need to hike again before year-end.

When we talk about investing in the US market, most people automatically assume we're talking about S&P 500 stocks.

Well, rates continue to increase following a hotter-than-expected and very volatile JOLTS data point. Now, rates are at a point where the economy will start to slow, and financial conditions are finally tightening.

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

FTX's $500 million investment in Anthropic in 2022 could potentially become a game-changer for creditors after OpenAI rival revealed its intention to raise another $2 billion from Google and other firms.

Investing.com — The S&P 500 fell Tuesday as data showing surprise strength in the labor market, stoked further concerns about higher Federal Reserve interest rates, pushing Treasury yields to the highest levels in more than a decade.

In a series of concerning transactions, the hacker or group of hackers believed to be behind last year’s infamous FTX hack has moved millions of dollars’ worth of stolen crypto.

While the investing world has some famous names – Warren Buffett and Cathie Wood to name just two – there are also many celebrities who are seasoned investors.

Delhi Police also raided the homes of several of NewsClick journalists, in what critics are describing as an attack on one of India's few remaining independent news outlets. NewsClick was founded in 2009. The portal has gained the reputation as a rare Indian news outlets that is willing to criticize Prime Minister Narendra Modi and his brand of politics.

Stocks finished yesterday lower as rates pushed higher again and spreads widened. The 10-year climbed to 4.69%, and the help to spread between the ten and the two widened to -42 bps, which is important.