Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance. The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on … Read more
The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue. Bitcoin (BTC) tested its 50-day moving average again on Tuesday, signaling exhaustion, while broader market capitalization remains … Read more
In recent years, Apple’s production strategy in India has significantly improved thanks to its plans to expand manufacturing operations beyond China. Apple still relies on China for the bulk of its manufacturing and sales but several factors like the US-China trade tensions played a key role in boosting production in India. A new report suggests … Read more
Shiba Inu’s (SHIB) month-to-date price rally seems to be setting the stage for a double bottom pattern, a major bullish setup. The joke cryptocurrency has risen 18% this month, its best performance since November, with prices gaining over 7% in the past 24 hours alone, according to CoinDesk data. The rally is consistent with the … Read more
Foxconn is planning to ramp up production of iPhone models at its facilities in India, according to a report. The Apple supplier is said to have assembled around 12 million smartphones in the country in 2024, and is reportedly looking to produce at up to 30 million units this year. The Cupertino company has been … Read more