Fall Financial News

Evercore's dealmaking fees slid by 26% in the first quarter, as banks struggle against an ongoing decline in M&A work.

Following an industry-wide decline, popular Dogecoin killer Shiba Inu is enduring a rough week with a 3.3% price slump in the last 24 hours.

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, XRP and Dogecoin were trading with gains, while Ethereum, BNB and Solana were trading with cuts. Bitcoin (BTC) rose 1.48% to $30,136, whereas Ethereum (ETH) was below the $2,100 level. BTC volume in the last 24 hours stood at approximately $19.04 billion, rising 11.46% in the last 24 hours. «Over the past 24 hours, Bitcoin has bounced back to the US$30,000 level, recuperating from earlier losses. Investors seem to have renewed their interest in assets that hold value, despite fading concerns about the banking industry. To continue its upward trend, BTC will need to overcome its next resistance level at US$30,500, while its support level is at US$29,800,» Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently 4.14 billion, 9.13% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $41 billion, which is 90.4% of the total crypto market 24-hour volume.

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

The average Wall Street bonus fell 26% last year, the biggest percentage drop since the financial crisis, as a slump in deal making cut into bankers’ compensation.

The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they’re still posting annual gains. That division runs right down the center of the U.S.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

To adapt Hemingway’s overused line on bankruptcy, consolidation in European investment banking happens in two ways: gradually, and then suddenly.

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cryptocurrency markets were trading marginally lower today. Bitcoin (BTC) was below the $27,800 level, whereas Ethereum (ETH) was below the $1,750 level. Meanwhile, the global cryptocurrency market cap was trading lower around $1.15 trillion, falling 0.64% in the last 24 hours. «Most cryptocurrencies slipped late Monday as investors await Wednesday's US central bank's next interest rate decision. Bitcoin traded above the $28,000 level on Monday after the US Federal Reserve announced it had teamed up with five other major central banks to ensure the flow of the US dollar. However, it has since decreased slightly and is trading at the US$27,800 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. As of 11.40 am, Litecoin was trading over 4% down, while Polkadot, Shiba Inu and Dogecoin slipped over 2%.

With Credit Suisse, investors just got their first, messy view of what happens when a big global bank fails in the post-2008 era.

The annualized fee income of leading decentralized finance protocol MakerDAO [MKR] has declined since the collapse of Silicon Valley Bank (SVIB) on 10 March, data from MakerBurn revealed.

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Asia-Pacific's leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.

Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg, at press time. This followed after CEO Jeremy Allaire confirmed that its reserves were secure and that the company had new banking partners lined up for banking beginning Monday morning.

The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to see growth.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the collapse of a single bank contributed to its downward trend earlier this week.

Silvergate Capital Corp said on Friday it made a «risk-based decision» to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability. "Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational," Silvergate said in a statement posted on its website. The Silvergate Exchange Network, one of the bank's most popular offerings, enabled round-the-clock transfers between investors and crypto exchanges, unlike traditional bank wires, which can often take days to settle. Silvergate shares on Friday slumped more than 2% in after-hours trading, after closing up 0.9% at $5.77 in regular trade. The shares on Thursday had fallen to a record low, ending the day down more than 97% from their all-time high in November 2021.