US crude oil inventories recorded a surprisingly sharp decline of 11.5 million barrels last week, Commerzbank’s commodity analyst Carsten Fritsch notes. WTI price is catching up with the price of Brent oil “This was the largest weekly drop in inventories in almost a year. The drawdown was fuelled by a significant drop in net imports … Read more
Key takeaways: The Federal Reserve may cut rates early if global trade, the energy supply or the US relationship with the Middle East deteriorates. A weakening dollar could be followed by an acceleration in Bitcoin price. The United States Federal Reserve (Fed) held interest rates steady at 4.25% on Wednesday, a decision that had been … Read more
Chip stocks sank on Friday after the Wall Street Journal reported that Trump is looking at new restrictions targeting China’s semiconductor access. The drop hit hard across the board. Taiwan Semiconductor Manufacturing Co. (TSMC) lost 2.5% in its US-listed shares, while the Philadelphia Semiconductor Index slid by 2%. Applied Materials fell 4%. Dutch equipment maker … Read more
Waller made the comments on Friday during an interview with CNBC, just two days after the Federal Reserve voted to keep rates unchanged for the fourth time in a row. Waller’s Dovish Comments Lift Bitcoin, But Only Temporarily Perhaps U.S. President Donald Trump’s incessant name-calling has finally taken effect after Federal Reserve Governor Christopher Waller … Read more
Cryptocurrency exchange Kraken has moved its global headquarters to Cheyenne, Wyoming, more than three years after shuttering operations in San Francisco. In a Friday blog post, Kraken said it was “recognition of the pro-crypto policymakers and constructive regulations” that contributed to its move to Wyoming. The company cited Wyoming Senator Cynthia Lummis’ crypto advocacy in … Read more
Parataxis Holdings LLC has entered into a definitive agreement to acquire a controlling interest in South Korean biotech company Bridge Biotherapeutics, Inc. (KOSDAQ: 288330) for KRW 25 billion ($18.3 million), marking the creation of South Korea’s first institutionally backed Bitcoin treasury company. 🇺🇸 Parataxis Holdings is acquiring controlling stake in 🇰🇷 Bridge Biotherapeutics for KRW … Read more
Musk’s PEPE tweet excites community, but here’s catch Musk’s gloomy AI prediction Controversial tech mogul Elon Musk published a tweet that reestablished his rapport with the meme coin community, reminding them of the old days when he did not own Twitter and actively posted about DOGE. He also shared a major AI prediction, showing both … Read more
Although inflows into spot bitcoin exchange-traded funds (ETFs) have tapered off, Blackrock’s Ishares Bitcoin Trust ETF has nonetheless drawn more than 20,000 BTC—valued north of $2 billion at current exchange rates—in just the past two weeks. From $23 to $59 per Share: IBIT’s 151% Leap Mirrors Bitcoin’s Relentless Climb Two weeks ago, Bitcoin.com News reported … Read more
Crypto News With Ethereum nearing the $3,000 mark, market participants are still quickly rotating into up-trending altcoins like Uniswap, Pepe, and even new payment-focused tokens like Remittix. The action could be a sign of building optimism in the market prior to what could be the next big run-up. Meme Season Reloaded as Pepe Pioneers the … Read more
Key takeaways: Bitcoin price trades 6% below all-time highs, but several market signals suggest more upside ahead. Bitcoin is poised for a breakout to all-time highs if a key resistance level at $108,000 is broken. Bitcoin (BTC) price has rebounded 10% since June 5, reaching near-all-time highs at $110,800 on June 9. Meanwhile, analysts say … Read more