[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"062f855b-67cf-4b48-8975-1b41c1c5152b","updated_at":"2023-08-17T04:26:14.896608+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"Stock indices slid with rising yields; GDP growth outlook positive. In crypto, Bitcoin, Ether fell, PayPal UK paused crypto buying, Ripple opposes SEC, Coinbase gets CFTC nod. Top crypto gainers: Quiztok, SwissBorg, Bancor, OriginTrail, Rocket Pool rose notably.","sapo":"Market Recap:Stocks dipped, yields rose, GDP growth expected. Crypto update: Bitcoin, Ether declined, PayPal UK crypto purchases paused, Ripple resists SEC, Coinbase approved. Top gainers: Quiztok, SwissBorg, Bancor, OriginTrail, Rocket Pool surged.","title":"Top Financial News Today Wednesday August 16, 2023","content":"

Top Stock News:

Today's trading saw stock indices closing lower due to various economic data (refer to previous updates). The Nasdaq 100, S&P 500, and Dow Jones Industrial Average fell by 1.07%, 0.76%, and 0.52% respectively.
The consumer discretionary sector (XLY) recorded the session's largest drop at 1.24%, while the utilities sector (XLU) led with a 0.44% gain.
The U.S. 10-Year Treasury yield rose to 4.27%, up by five basis points. Likewise, the Two-Year Treasury yield also climbed, reaching approximately 4.98%.
The Atlanta Federal Reserve's GDPNow reading, which estimates real-time GDP growth, predicts a Q3 expansion of about 5.8%, up from 5%, driven by recent housing and industrial production reports.
Today's released Federal Reserve meeting minutes revealed expressed concerns regarding inflation.

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Top Crypto News:

Bitcoin (BTC) dropped to $28,930, the lowest since August 7, then slightly rebounded to around $29,100. Ether (ETH) also declined, trading at about $1,820, reflecting a 0.8% decrease in the last 24 hours.
Starting October 1, 2023, PayPal users in the UK won't be able to buy cryptocurrencies due to new FCA regulations. This is temporary as PayPal strives to meet compliance standards.

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Ripple Labs Inc has opposed the US SEC's motion for an interlocutory appeal in the ongoing Ripple Vs SEC lawsuit, as expected by digital currency experts.

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Coinbase Financial Markets, the CFTC-registered futures commission merchant of crypto exchange Coinbase, has obtained regulatory approval from the US CFTC's National Futures Association to provide eligible US customers with crypto futures trading.
Shiba Inu finally launches Shibarium mainnet, an Ethereum layer-2 scaling solution, following extensive testing with millions of users.

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Top 5 crypto gainers in the last 24 hours:

1. Quiztok (QTCON)

Quiztok (QTCON) has surged 19.50% in the last 24h, over 270% in a week, becoming the top gainer among the top 500 cryptocurrencies, boosted by ecosystem developments including AI-driven quizzes and NFTs, reaching $0.01448, last seen in April 2021.

2. SwissBorg (CHSB)

The price of CHSB surged following Tuesday's announcement about SwissBorg's Alpha Early Deals.

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3. Bancor (BNT)

The surge in BNT price appears to be driven by investor optimism surrounding Bancor's innovative protocol, CarbonDefi. This protocol has been successfully launched and is gaining attention due to its automated DEX trading strategies, which are being created at a rapid pace.

4. OriginTrail (TRAC)

The price of TRAC rose when OriginTrail revealed its integration with EVM-compatible blockchains.

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5. Rocket Pool (RPL)

Rocket Pool experienced a spike as Pendle successfully integrated with Optimism. This enables investors to bring LSD and LSDfi to this new platform, starting with wstETH and Rocket Pool rETH.

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Top Financial News Today Wednesday August 16, 2023

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