BlackRock's iShares Bitcoin Trust experienced its second-largest single-day outflow of $527.84 million, nearly matching its January record, as institutional investors pulled money amid rising Middle East tensions and bitcoin's price falling below $73,000. The broader market saw 11 U.S. spot bitcoin ETFs lose a combined $733.43 million, extending a two-week streak of outflows totaling over $2 billion. This sell-off followed a $1.29 billion dark-pool block trade and reflects a shift from accumulation to distribution in May, signaling cautious institutional trimming of bitcoin exposure. The situation's future impact depends on geopolitical developments and macroeconomic conditions, with past outflow periods reversing once stability returns.
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...
