The Japanese yen has fallen below 163 against the US dollar, reaching its weakest level since 1986 due to a wide interest-rate gap between Japan and the US, high oil prices, and concerns over Japan's fiscal health. Hedge funds have increased bearish bets on the yen, nearing levels not seen since 2008. The Bank of Japan may raise rates more frequently but is expected to keep rates steady on July 31. The yen's weakness supports global carry trades, affecting risk assets like stocks and cryptocurrencies, but a sudden yen strengthening could trigger market sell-offs. Investors will watch the Bank of Japan's upcoming decisions closely for potential market impacts.
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
