Bitcoin faces pressure even as the U.S. Dollar Index weakens and rate hike bets fade, due to record outflows from spot Bitcoin ETFs totaling $4.0 to $4.5 billion in June. A softer dollar typically supports Bitcoin by improving global purchasing power and reducing Fed rate hike expectations, but heavy ETF redemptions have offset this benefit. Exchange balances near multi-month lows suggest tight supply, which could help absorb selling pressure if outflows ease. Key indicators to watch include the Dollar Index trend, ETF flow stabilization, exchange balances, and derivatives funding to assess if Bitcoin can hold a price floor amid macro and crypto-specific dynamics.
Rocket Lab has secured a $397 million contract from the U.S. Space Force to develop, launch, and operate advanced Flatellites under the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. This initiative aims to enhance real-time airborne...
Two U.S. senators have called on the SEC to investigate the Trump memecoin following reports that nearly one million investors lost $3.81 billion while Trump-affiliated entities gained $636 million. The token, which fell about 98% from its peak, has ...
Bitmine recently acquired $19.6 million worth of Ethereum (ETH) and repurchased 4.5 million of its own shares. These moves indicate the company's confidence in its growth and aim to increase shareholder value. The Ethereum purchase suggests a strateg...
General Motors and China's SAIC Motor have extended their joint venture by 20 years, now lasting until 2047. The renewed partnership will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet vehicles built in China to...
HII and HD Hyundai Heavy Industries are piloting intelligent mechanized welding systems at HII’s Ingalls Shipbuilding to enhance automation and efficiency in ship production. This initiative builds on their 2025 partnership and aims to improve safety...
