[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"5742aa3a-1fef-434b-8dcc-4795e2b29ccf","updated_at":"2023-09-22T09:18:18.179827+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"Both U.S. stocks and cryptocurrencies market saw losses following Fed Chair Jerome Powell's comments about maintaining tight financial conditions and high interest rates. Top crypto gainers: IQ, Loom Network, LeverFi, Alchemy Pay, Ontology.","sapo":"Both U.S. stocks and cryptocurrencies market saw losses following Fed Chair Jerome Powell's comments about maintaining tight financial conditions and high interest rates. Top crypto gainers: IQ, Loom Network, LeverFi, Alchemy Pay, Ontology.","title":"Top Financial News Today Thursday September 21, 2023","content":"

Top 5 Stock News

U.S. stocks retreated further Thursday with a drop of 1.8% in the Nasdaq index, adding to yesterday's 1.5% decline. The S&P 500 fell 1.6%, and the DJIA lost 1.1%.
Economic projections from yesterday's Fed meeting showed the majority of policymakers see one more rate hike this year and far less cutting next year than investors had expected.
Benchmark 10-year U.S. treasury yields rose to a 16-year high of 4.49% on Thursday, while the DXY index jumped briefly near 106, the highest since the peak of the U.S. regional banking distress in March.
Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash. Cisco will finance the deal using a combination of cash and debt.

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House Republican leaders sent the chamber into recess, likely dashing hopes of passing a bill to fund the government. Investors are growing concerned that a government shutdown would cut into Q4 GDP.

Top 5 Crypto News

Cryptocurrency markets slid lower as investors digested the repercussions of Fed's Chair Jerome Powell’s remarks about keeping financial conditions tight and interest rates high for longer.
Bitcoin dropped to trade below the $27,000 support level. Ether retreated and lost control of the $1,600 mark. All other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours.
Binance Holdings, its U.S. counterpart and CEO Changpeng Zhao have filed motions seeking the dismissal of a lawsuit against them by the SEC.
Tether has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives.

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Global crypto exchange Bybit announced the listing of PayPal's USD stablecoin. PYUSD will be paired with USDT and listed for trading on Bybit's spot exchange.

Top crypto gainers of the day

1. IQ (IQ)

IQ's price surged +13.47% following its listing on Binance under the USDT pair in spot exchange.

2. Loom Network (LOOM)

Loom Network (LOOM) rose +12.04% to $0.06885 with a volume of $237M within 24 hours, entering the top crypto gainers of the day.

3. LeverFi (LEVER)

Price of LeverFi grew +10.8% after DWF Labs deposited 1.8B LEVER ($2.85M) to Binance.

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4. Alchemy Pay (ACH)

ACH's price surged +8.42% as crypto payment firm Alchemy Pay wins money transmitter license in US.

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5. Ontology (ONT)

Ontology jumped +7.84% to $0.1835 following the success of ONTO's blockchain ecosystem featuring 60+ leading networks.

","tags":[{"tag":{"tag":"stocks","id_tag":"stocks"}},{"tag":{"tag":"cryptocurrency","id_tag":"cryptocurrency"}},{"tag":{"tag":"Breaking News","id_tag":"breaking-news"}},{"tag":{"tag":"Federal Reserve","id_tag":"federal-reserve"}},{"tag":{"tag":"LeverFi","id_tag":"leverfi"}}],"image":{"fileName":"Top Financial News Today Thursday September 21, 2023.png"}}]

Top Financial News Today Thursday September 21, 2023

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