In a major sign of easing tensions, China has lifted several restrictions on the export of critical minerals and rare earth materials to the United States, signaling progress in the ongoing trade truce between the two economic superpowers. The Chinese Ministry of Commerce announced Friday that it would temporarily suspend certain export controls on materials […]
Ethereum’s native token Ether (ETH) dropped sharply on Monday, falling as much as 9% and breaking below the crucial $3,600 support level after a major security breach hit one of its decentralized finance (DeFi) protocols. According to market data, Ether was recently down around 6.6%, trading close to $3,600 — roughly 25% lower than its […]
Bank of America Global Research has sharply revised its gold outlook, forecasting the precious metal could climb to $5,000 per ounce by 2026, with an average of around $4,400 per ounce. The new projection marks one of the bank’s most bullish calls yet, driven by mounting demand for gold as a safe-haven and portfolio stabilizer. […]
Oura announced Tuesday that it has secured over $900 million in a Series E funding round, pushing the Finnish wearable tech company’s valuation to an impressive $11 billion. The round was led by Fidelity Management & Research Company, with new investor ICONIQ joining alongside existing backers Whale Rock and Atreides. “With this funding, we’re accelerating […]
The U.S. stock market suffered its steepest drop in six months on Friday, with the S&P 500 sliding nearly 3% after former President Donald Trump threatened major new tariffs on Chinese goods over Beijing’s grip on the global rare earths market. China recently expanded its export controls on rare-earth elements, adding tungsten, tellurium, bismuth, indium, […]
Bitcoin plunged on Tuesday, cutting short its recent rally as fears of a renewed U.S.-China trade war rattled global markets and drove investors into traditional safe havens like gold. The sharp selloff followed President Donald Trump’s announcement of 100% tariffs on Chinese imports, a move that wiped out nearly $500 billion in total crypto market […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
The U.S. Department of Justice has announced the seizure of $15 billion in bitcoin, marking the largest cryptocurrency forfeiture in its history. Prosecutors said the funds were linked to a massive “pig butchering” fraud scheme operated out of Cambodia. An indictment unsealed in federal court in Brooklyn on Tuesday charged Chen Zhi, also known as […]
Quantum computing stocks surged Monday after JPMorgan Chase unveiled plans to back the sector as part of a sweeping new investment program. The banking giant announced it will commit up to $10 billion across four key areas: advanced manufacturing and supply chains, defense and aerospace, clean energy technology, and frontier innovations such as quantum computing. […]
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are holding a high-stakes joint roundtable on digital asset regulation today, from 1:00 to 5:30 P.M. ET, streamed live on SEC.gov. Opening remarks will be delivered by SEC Chair Paul S. Atkins and CFTC Acting Chair Caroline D. Pham, with closing commentary […]