Gold and silver prices edged lower in early U.S. trading as firm U.S. Treasury yields and a steady dollar limited gains despite bargain hunting after a post-inflation data pullback. Gold traded near $4,588.50 an ounce, down 0.10%, and silver near $67.95, down 0.06%. Strong labor market data and steady inflation readings from July's PCE report kept expectations for a possible Fed rate hike alive, supporting yields near 4.7%. Traders are watching upcoming economic reports and Fed Chair Kevin Warsh's speech for further clues on monetary policy. Geopolitical tensions in the Strait of Hormuz add mixed signals for gold, balancing inflation concerns against lower oil risk premiums.
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
Solana's co-founder Anatoly Yakovenko supports changing the network's fixed transaction fee to a usage-based fee that reflects computing resources used, addressing fairness issues for smaller transactions. However, he suggests splitting the current p...
OpenAI has introduced advertisements on ChatGPT for free users and those on its low-cost 'Go' plan in India, one of its largest markets. This move aims to increase revenue ahead of its planned 2027 public listing and support broader access through fr...
Sonic's recent blockchain upgrade enabling Bundle Transactions has driven a surge in decentralized exchange (DEX) volume to $2.46 million, the highest in about two months. This upgrade simplifies transaction approvals by allowing multiple transaction...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
