- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
- 91.4% of Personal Pension Accounts Remain Unfunded – PenCom
- TCN has Capacity to Wheel 8,700MW Bulk Electricity – Official
- XRP Gains as Evernorth Clears SEC Hurdle for Nasdaq Listing
Cryptocurrency
Alibaba Tokenized bStocks (BABAB) price dipped by 1.91% in 24 hours to $116.18 on Friday
Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman and co-founder, sold 32 Bitcoins for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments.
Ripple (XRP) price dipped more than 4% to $1.28 on Monday as investor sentiment continued to decline amidst 1 billion XRP unlocked from escrow.
Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
Zcash (ZECUSD) rose by 5.05% to $546.98 amid weak cryptocurrency market conditions, after significant sell pressure had driven its market value lower.
Hedera (HBARUSD) gained 5.02% over 24 hours to $0.0975, significantly outperforming a flat Bitcoin and the broader market, driven primarily by a surge in leveraged derivatives positioning and whale accumulation.