Bitcoin surged back toward $64,000, wiping out $320 million in short positions within 15 minutes as bearish traders were caught off guard by a sharp rebound from the year's low near $59,100. This short squeeze followed a recent period where over $1.5 billion in long positions were liquidated amid heavy leverage and thin liquidity, making the market prone to volatile swings. The rapid price move forced forced buy-backs, accelerating the price rise and triggering further liquidations. Whether the bounce sustains depends on broader macro and geopolitical factors influencing the market.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
