Gold prices experienced volatility last week, dropping to a low near $4,023 after hotter-than-expected US inflation data and rising expectations of Federal Reserve rate hikes. Early safe-haven demand from Middle East conflicts initially supported gold above $4,300, but easing geopolitical fears and strong inflation readings pressured prices downward. The market awaits key central bank meetings, including the Fed's first under new chair Kevin Warsh, which will influence gold's near-term direction. Analysts remain divided, with some expecting gold to recover if a US-Iran peace deal materializes and oil prices stabilize, while others foresee further declines before a potential longer-term rally.
SpaceX recently launched its IPO, raising $75 billion and reaching a market cap over $2.1 trillion. This major event could trigger a wave of tech IPOs from companies like Anthropic, OpenAI, Anduril, Databricks, and Stripe. Anthropic and OpenAI have f...
The Bank of Japan is expected to raise interest rates from 0.75% to 1.0%, its highest since 1995, which could pressure Bitcoin due to the unwinding of the yen carry trade. This trade involves borrowing cheaply in yen to invest in higher-yield assets ...
Strategy CEO Phong Le addressed concerns about a forced Bitcoin sell-off, stating it is unlikely despite the company's $3.5 billion preferred securities maturing in 2028. The company holds 845,256 BTC, the largest corporate Bitcoin reserve, and recen...
Binance founder Changpeng Zhao (CZ) remains optimistic about a long-term crypto super cycle, despite Bitcoin's recent price volatility and trading within a narrow range around $60,000 to $64,000. CZ acknowledges the difficulty in predicting exact mar...
Kraken is preparing to introduce a regulated perpetual futures product for US traders through its platform Bitnomial. This move aims to bring one of the largest cryptocurrency derivatives products under US regulatory oversight by the Commodity Future...
