1. Ethereum Soars More Than 15% On Rising ICO Sales
Cryptocurrencies rose on Friday morning in Asia, as initial coin offering (ICO) projects sold three times more Ethereum in the past 10 days than in August. The 160,000 Ethereum tokens sold over the past few days amount to $33 million, according to the price index in early morning hours. According to TrustNodes, the total amount of Ethereum sold by ICOs over the past 30 days now amounts to 283,000 ETH, which is almost $60 million at press time. ETHUSD spiked more than 15% on the news and was last seen trading at $219.60 as of 6:30 GMT.*
2. Is This The End Of Debenhams?
Debenhams confirmed multiple store closures but denied insolvency plan after the retail giant was reported to be considering CVA process used by House of Fraser and others. DEB shares finished the day -9.10% lower on Thursday, after Debenhams chairman confirmed the ailing retailer will close stores but denied that the company is actively planning to do so through an insolvency process.**
3. Gold Higher As Dollar Dips On Soft US Data
Gold prices rose on Friday as the dollar weakened after softer-than-expected U.S. inflation data dimmed the case for interest rate hikes by the U.S. Federal Reserve in the near future. Spot gold (XAUUSD) was last seen trading 0.2 percent higher at $1,211.10 an ounce as of 7:00 GMT, after having hit its highest price since Aug. 28 at $1,217.82 on Thursday.***
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*Source: Coindesk, Sep 14, 2018, 03:51 AM ET
**Source: The Guardian, Sept 13, 2018, 4:23 pm ET
***Source: Reuters Sept 14, 2018, 4:51 AM ET