In a surprising revelation, the Saudi Central Bank recently disclosed that it holds substantial shares in Michael Saylor’s Strategy, formerly known as MicroStrategy. Meanwhile, Utah Retirement Systems (URS) has also increased its MSTR holdings. As the largest institutional investor in Bitcoin, Strategy has made it its primary treasury reserve asset in recent years. Therefore, by … Read more
Topline A court ordered Chris Brown, the R&B singer who has faced numerous charges and allegations of assault throughout his career, to remain in custody in the United Kingdom on Friday after police arrested and charged in him in connection with an alleged 2023 nightclub attack. Brown was previously sued for allegedly attacking a producer … Read more
USD/CAD trades in a narrow range near 1.3960 on Friday, showing muted price action. Canada’s manufacturing sales fell 1.4% in March, less than what economists had expected. The US Dollar Index holds above 100.00 after Thursday’s mixed US economic data. USD/CAD is trading flat around 1.3960 at the time of writing on Friday, showing little … Read more
Rising U.S. Treasury bond yields are fueling fears of tighter financial conditions, and potential recession risks as global markets grapple with heightened volatility. Flight to Safety or Prelude to Panic? Bond Market Signals Turn Ominous The yield on the benchmark 10‑year U.S. Treasury note stood at 4.45% on Thursday, May 15, 2025, while the 30‑year … Read more
The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC$104,208.70 close to record prices. The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while … Read more
Key points: Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction. Price discovery is keenly awaited, but downside predictions include levels further toward $90,000. BTC/USD has delivered highly patterned moves since its rebound began in April. Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as … Read more
The Onyxcoin price today is hovering around the $0.0191 mark, stabilizing after a steep surge to $0.0223 earlier this week. While momentum cooled following the sudden spike, the Onyxcoin price action has managed to hold above multiple support clusters between $0.018 and $0.0186. Onyxcoin (XCN) price dynamics (Source: TradingView) Zooming into the 30-minute chart, the … Read more
Opinion by: Megan Knab, CEO, Franklin Payroll There are few historical examples of such a massive about-face for an industry, from banks debanking crypto businesses to now embracing stablecoins. If you talk to most crypto startup founders or companies with crypto on the balance sheet, they will all have war stories about finding, applying for … Read more
According to a report from CoinDesk dated May 16th, Sui Chung, CEO of crypto index provider CF Benchmarks, shared insights on the recent fluctuations in Ethereum’s price. He emphasized that the surge is primarily attributed to short covering—a tactic where traders rectify their bearish positions—rather than overwhelming bullish sentiment in the crypto market. This process … Read more
The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to unify crypto regulation across all 27 EU member states, MiCA promises clarity, consumer protection and long-term market stability. But as implementation begins, cracks are already showing. In this week’s episode of Byte-Sized Insight, … Read more