Stay informed with the latest financial news, market insights, investment strategies, and global economic updates. The Finance category at Ferox covers everything you need to make smarter financial decisions in today’s digital world.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has begun hedging 20%–30% of its oil price exposure to manage market volatility, said CFO Liza Mustapha. She said the hedging is a limited but useful insurance policy during the current fluctuations in oil prices. “It has proven to be quite useful over the last couple of months when…
Trump Media and Technology Group (DJT) has filed to list a Truth Social Bitcoin and Ethereum exchange traded fund (ETF) on Monday. The ETF will hold bitcoin BTC and ether ETH directly with 75% of capital being allocated to bitcoin and the remaining 25% to ether, according to a filing with the Securities and Exchange…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3122.1, up 3.6% (+109.09) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: SOL (+7.3%) and XRP (+6.1%). Laggards: POL (+0.8%) and AAVE (+1.2%). The…
Truth Social has filed for a Bitcoin and Ethereum ETF with the US SEC. The Truth Social Bitcoin and Ethereum ETF will offer combined exposure to BTC and ETH in one product. The move marks Truth Social’s bold entry into digital finance. Truth Social has officially entered the cryptocurrency investment space, pursuing a Bitcoin and…
Bitcoin’s current trading range is all part of a consolidation move before a return above $110,000. Although the leading cryptocurrency has largely held above the $105,000 support zones in recent days, its rally has taken a hit in the past two weeks. Technical analysis of Bitcoin’s price action, when overlapped with the Global M2 Money…
Did the next major move in blockchain technology just come from Vietnam? Developing nations are becoming key crypto drivers, with Vietnam and Pakistan emerging in recent days as potential leaders. Establishing country-level crypto standards like Vietnam has done, or developing frameworks and planning a national Bitcoin reserve, the way Pakistan is doing, can only boost…
Southwest Airlines is in the process of outfitting all of its Boeing 737 planes with new technology aimed to improve safety on runways. SmartRunway and SmartLanding via the Honeywell Enhanced Ground Proximity Warning System have already been activated on more than 700 Southwest aircraft, the Honeywell Aerospace Technologies announced. “SmartRunway and SmartLanding helps increase flight…
Tron, the blockchain founded by billionaire Justin Sun, is looking to go public in the U.S., the Financial Times reported on Monday. Tron will go public via a reverse merger with Nasdaq-listed SRM Entertainment, the report said, citing people familiar with the matter. The deal is being managed by Dominari Securities, an investment firm with…
Cardano’s ADA ADA token climbed 3% over the past 24 hours, trading near $0.6460 at midday Monday after reaching a high of $0.6502. The price advance coincided with a new staking milestone that reinforces the network’s long-term strength. According to an X post by TapTools, Cardano has now surpassed 1.3 million staking addresses, cementing its…
The Polyhedra Network (ZKJ) token has plunged 91% after abnormal on-chain activity. Binance has blamed whale exits and a liquidation cascade for the token crash. The upcoming June 19 token unlock may trigger further price drops. The cryptocurrency market has once again been rocked by a dramatic price collapse, this time involving Polyhedra Network’s native…
