US inflation rose 0.4% in August, keeping annual inflation at 3.4%, prompting major financial institutions to price in a Federal Reserve rate hike next week. This has increased bearish sentiment on Bitcoin, with traders reducing long positions. However, significant whale accumulation of Bitcoin at around $79,400 suggests strong confidence among large holders. This buying amid bearish macro conditions could create a bear trap, potentially fueling a price rally if Bitcoin maintains support near $75,000. Investors should watch for continued whale activity and market reaction after the upcoming FOMC meeting.
Clarkson PLC has increased its full-year profit before tax forecast to at least £135 million for 2026 following robust trading in August and September. The company benefited from volatile but record-high freight rates and higher asset prices amid geo...
Ondo Finance has introduced on-chain tokenization products that provide access to private equity, specifically targeting an AI company in the pre-IPO stage. This move expands Ondo's tokenization from public market instruments to private equity, tradi...
US stock markets closed the week with mixed results: the Nasdaq rose 0.46%, while the Dow Jones Industrial Average fell 1.25% and the S&P 500 dipped 0.26%. Treasury yields climbed steadily, with the 10-year Treasury briefly reaching a 24-year high ne...
Ether (ETH) trading on Binance's perpetual market shows a significant bid surplus of $55.9 million, indicating strong buying interest near $2,694.94. Binance's spot market also has a smaller bid surplus of about $1.5 million. However, other platforms...
President Donald Trump signed an executive order permitting the broader use of red-dyed diesel, a cheaper, tax-exempt fuel usually reserved for farms and construction, to help lower soaring fuel prices. This move comes as the US diesel price hit a re...
