The US budget deficit reached $432.3 billion in July, marking the highest monthly shortfall since March 2021, largely due to a surge in Medicare expenses and rising interest payments on federal debt. Year-to-date, the deficit has climbed to nearly $1.8 trillion, surpassing the same period last year. Medicare costs alone hit $174 billion in July, with total annual spending nearing $955 billion, outpacing Social Security and net interest expenses. Additional factors like tariff refunds and accelerated benefit payments also contributed to the deficit increase. This growing deficit highlights ongoing fiscal pressures from healthcare and debt servicing costs, with future budget outlooks dependent on inflation trends and interest rate policies.
Bitcoin surged from around $64,000 to nearly $79,500 last week, supported by $2.6 billion in inflows to US spot bitcoin and ether ETFs, the strongest since October 2025. Improved liquidity from US Treasury bond purchases and clearer crypto regulation...
Jiang Zhuoer, founder of BTC.TOP, has shifted from a bearish to a bullish outlook on Ethereum, predicting it could outperform Bitcoin in the current market cycle. After closing short positions on ETH at a loss due to its rapid recovery, he now holds ...
Bitcoin surged from $63,000-$65,000 to around $77,000 in a few days, breaking above its long-term moving average near $71,689, signaling a major momentum shift. The rally, supported by strong trading volume, puts the $80,000 resistance level in focus...
The US will introduce its most extensive financial sanctions ever against Iran, targeting its banking, energy, aviation, and cryptocurrency sectors. This move follows the failure to reach a ceasefire in the Middle East conflict and aims to isolate Ir...
Hyperliquid (HYPE) surged to a new high near $82.50, breaking past its previous resistance of $75-$77 and confirming a bullish breakout. The token trades well above key moving averages, signaling strong momentum, but its high RSI of 80.55 suggests it...
