US spot Bitcoin ETFs experienced $231 million in outflows on June 29, marking the eighth consecutive day of withdrawals and contributing to June's total approaching $4 billion. Ethereum ETFs also saw $30 million in outflows the same day. The ongoing sell-off is driven by rising interest rates, which make safer assets like Treasury bonds more attractive compared to volatile cryptocurrencies. Investors are closely watching whether this trend reverses, especially in BlackRock's dominant Bitcoin fund, as any changes in Federal Reserve rate policies could quickly impact crypto ETF flows.
Gold prices closed the third quarter with a 4% gain, holding above $4,100 despite a sharp rise in 10-year bond yields to a 20-year high of 5.27%. Inflation pressures, falling bond prices, and tighter global monetary policies pressured gold, but stron...
ChargePoint's stock jumped 7% following strong Q2 results, including $116 million revenue, improved margins, and reduced losses. This surge contrasts with declines in rivals EVgo and Blink Charging, highlighting ChargePoint's momentum in the EV charg...
Increasing U.S. Treasury yields are directly challenging income investments such as Real Estate Investment Trusts (REITs). Higher yields raise borrowing costs for leveraged investments, which squeezes net returns and threatens the sustainability of d...
Bitcoin's price briefly surged above $85,500 following the release of lower-than-expected U.S. inflation data for August, signaling potential easing inflation pressures. However, the gains were quickly reversed, with the price falling back to around ...
OpenAI executives once considered selling advanced AI tools, including future AGI technology, to foreign governments such as Russia and China to raise funds, alarming top researchers like Dario Amodei. These proposals, alongside offering early AI acc...
