Gold Weekly Forecast: Short covering lifts prices as traders await the Trump-Xi summit

The week in retrospective  The precious metal started the week in quite a bearish mood, further extending the almost uninterrupted leg lower after August tops near the $4,700 mark per troy ounce.  However, market sentiment made a U-turn in the second half of the week. It was not the Federal Reserve (Fed), reignited geopolitical tensions, the US Dollar (USD) or Treasury yields.  This time the catalyst for the ongoing recovery in Gold prices has been the marked retracement in prices of crude Oil, both the American (WTI) and European (Brent) benchmarks.  So, broadly speaking, declining crude Oil prices work against expectations of higher consumer prices, which in turn prompts the Fed to maintain its (now reinforced) cautious stance.  And a direct consequence of the latter was an extra impulse from short covering, as the vast majority of traders were positioned for lower prices in tandem with the widely anticipated rate hike by the Fed on Wednesday.  Discover more  Merchant Services & Payment Systems  Brokerages & Day Trading  Engineering & Technology  Gold longs hold firm, but crowding risk rises  Gold bullish positioning strengthened modestly in the week ending September 8, according to the Commodity Futures Trading Commission (CFTC). That said, net speculative positioning rose to almost 232K contracts, reversing part of the

09-19انڈسٹری

Bitcoin Will Hit $1 Million, Says Kevin O‘Leary—But There’s a Quantum Catch

In briefKevin OLeary thinks Bitcoin could hit $1 million if the industry resolves the quantum computing threat known as “Q-Day.”OLeary said his old thesis that Bitcoin and Ethereum alone capture cryptos upside was wrong, and now bets industries will standardize on whichever blockchain their exchanges pick first.Instead of betting on individual AI models, OLeary is investing in the power grid behind them, including a first-ever position in uranium to back next-generation nuclear reactors.  We‘re back in ultra bullish mode again, and “Shark Tank” star Kevin OLeary just put a number on Bitcoin’s endgame: $1 million. Then he laid out exactly what has to happen first.  Speaking with The Rollup podcast at Avalanche Summit in New York, the famed investor said Bitcoin‘s path to seven figures rungs through a risk nobody’s solved yet: Quantum computers powerful enough to break the encryption behind the whole technology. Until that is resolved, he said, institutions will keep treating Bitcoin more like a novelty than a core holding.  Myriad: Where does Bitcoin go next? Click to make your prediction.  OLeary showed up to the summit wearing an $11 million baseball card around his neck. Thats not a figure of speech.  The investor and media personality was draped in a Shohei

09-19انڈسٹری

BaFin official warns centralized MiCA oversight may add burdens

A BaFin official has warned that centralized EU crypto supervision could place extra burdens on firms while reducing flexibility in applying MiCA rules.  SummaryBaFins Stephan Mögelin raised concerns about transferring authorization to a centralized EU supervisor.National regulators would still hold knowledge of local markets and business models.Mögelin said EU countries lack a consistent private-law framework for some crypto assets.E-money tokens could provide the cash side of tokenized financial-market transactions.  Centralized MiCA supervision could reduce flexibility  The European Blockchain Convention‘s Day 2 briefing attributed the warning to Stephan Mögelin of Germany’s Federal Financial Supervisory Authority, or BaFin, during a panel on proposed changes to the Markets in Crypto-Assets framework.  Mögelin said centralized supervisors could still depend on knowledge held by national authorities, particularly when dealing with the characteristics of individual markets.  “What weve seen, for example, in the application of EMIR, is that with a centralised supervisor, one might assume the application and understanding of specific provisions also becomes somewhat centralised,” he said.  You might also like:  Binance keeps MiCA plans intact despite Lagarde intervention report  According to Mögelin, centralization could leave crypto-asset service providers with less flexibility when regulators apply individual provisions. Moving responsibility after companies have already completed national authorization procedures could also create additional work.  “Market participants

09-19انڈسٹری

LSEG plans 24/5 trading and tokenized equity system

LSEG has outlined plans for 24/5 trading, a digital securities depository, tokenized equities, and new infrastructure involving Kraken and HSBC.  SummaryLSEG expects its LSEG24 trading cycle to begin in the first half of 2027.The group is building a digital securities depository and tokenized equity products.LSEG is working with Kraken on listings and HSBC on an interoperable connection.U.S. exchanges and regulators are also examining longer trading hours and tokenized securities.  LSEG plans to connect trading and tokenized settlement  The European Blockchain Conventions Day 2 media briefing attributed the plans to Darko Hajdukovic of London Stock Exchange Group, who discussed the projects during a panel on institutional digital-market infrastructure.  “In the first half of next year we move to a 24/5 trading cycle, LSEG24. We‘re building a digital securities depository, partnering with Kraken to list on it, and building tokenised equity tokens. We’ve also signed an MOU with HSBC on an interoperable link,” Hajdukovic said.  The comments indicate that LSEG is working across several parts of the trading process rather than developing a single tokenization product. Trading, depository services, listings and connections with other financial institutions each address a separate part of the market.  You might also like:  Morpho adds USDC lending for five Coinbase tokenized stocks  Hajdukovic referred to

09-19انڈسٹری

Crypto stocks rebound after CLARITY Act selloff

Crypto-linked stocks rebounded sharply on Friday, reversing losses that followed the Senates failure to advance the CLARITY Act earlier this week, as Bitcoin climbed back above $80,000.  Strategy led the gains, rising more than 13%, while Coinbase and American Bitcoin climbed about 11% each. Robinhood gained nearly 9%, according to Yahoo Finance data.Source: Yahoo Finance  The rally extended across other crypto-linked equities, with Circle, Strive and Bitcoin miner Riot Platforms all gaining between about 5% and 7%. Bitcoin (BTC) was also up about 5% over the past 24 hours to around $80,800 at the time of writing, according to CoinGecko.  The gains came after the same stocks fell sharply following the Senates Sept. 15 failure to advance the CLARITY Act. Coinbase and Circle dropped about 10% following the vote, while Strategy and Strive fell about 5% and American Bitcoin declined roughly 8%.  Since the vote, US regulators have begun moving ahead with crypto-related actions under their existing authority. Thursday brought actions from both agencies, with the CFTC providing no-action relief to passive software providers and the SEC temporarily easing requirements for certain platforms facilitating onchain trading of tokenized securities.  The CFTC also submitted a crypto market regulatory action for White House review, though the “prerule”

09-19انڈسٹری

Stablecoins must preserve one form of money: BlackRock

BlackRock has said stablecoins must remain interchangeable with bank deposits and central-bank money if they are to function as regulated settlement assets.  SummaryStablecoins must provide recognizable claims and recourse across banks, according to BlackRock.Banking systems would need to accept stablecoins and convert them into deposit liabilities.Central banks could provide the final settlement layer through fiat money or wholesale CBDCs.U.S. rules now govern permitted payment stablecoin issuers under the GENIUS Act.  Stablecoins need recognition across banking systems  The European Blockchain Convention‘s Day 1 media briefing attributed the position to Nikhil Sharma, BlackRock’s head of digital assets, during a panel on how tokenized forms of money can operate together.  Sharma said the central issue is the “singleness of money,” a principle under which different forms of the same currency remain interchangeable at face value. The form of payment may change, but users must understand the claim, backing, access conditions, and recourse attached to it.  “When you think about what you‘re using as cash for payments and settlement, you look at what’s the claim, what‘s the backing, what’s the form, whats the access,” Sharma said.  His comments addressed how privately issued stablecoins, commercial-bank deposits and central-bank money could operate within one financial system. A user paying with a dollar

09-19انڈسٹری

Bitcoin (BTC) Blasts Through $80K, Liquidating $250M in Short Positions

Key HighlightsBTC experienced a 6% rally on Friday, reaching a session peak of $81,034Approximately $250 million worth of bearish crypto positions faced liquidation within a four-hour windowThe 30-year US Treasury yield jumped to 5.34%, marking a 90 basis point increaseMarket analysts identify the $80,000–$82,000 band as critical resistance territoryCongressional committee approval of the Strategic Bitcoin Reserve legislation occurred Thursday  The worlds leading cryptocurrency experienced a dramatic upward trajectory on Friday, punching through the $80,000 threshold as chaos in international energy markets drove Treasury yields to elevated levels. This momentum shift materialized at the opening of US equity market hours.  Bitcoin (BTC) Price  The BTC/USD trading pair touched an intraday peak of $81,034 on the Bitstamp exchange, as shown by TradingViews market data. This explosive movement reflected a wider market rotation toward riskier assets as market participants responded to escalating energy sector volatility.  West Texas Intermediate crude experienced a drop to $94.8 per barrel before staging a rebound. Current trading activity shows oil hovering near the $98 mark, with supply disruption fears maintaining pressure across commodity markets.  Discover more  Economics  financial  Brokerages & Day Trading  The International Energy Agency issued a Friday warning indicating nations might need to implement oil consumption reductions. According to the IEAs assessment, petroleum flows passing

09-19انڈسٹری

'Crypto King' Barry Silbert Doubles Down on AI Token Poised to Be the Next Zcash (ZEC)

Digital Currency Group (DCG) founder Barry Silbert, who earned the status of a “crypto king” in the industry for building a massive institutional empire and making early investments in Bitcoin, is shifting his capital focus to the decentralized artificial intelligence market.  His new major bet is the Bittensor AI token ($TAO), in which the investor, who for years has remained one of the main defenders of Zcash (ZEC) on Wall Street, sees a direct continuation of the scarcity model behind privacy coins.  You Might Also Like  Discover more  Brokerages & Day Trading  FINANCE  NEWS  Scam Alert: Charles Hoskinson‘s and Cardano’s YouTube Are Hacked, Dont Click Any Links  Shiba Inu (SHIB), Zcash (ZEC), Ethereum (ETH) and Dogecoin (DOGE) Price Analysis For September 18: Pivotal Moment for the Market  Meme depicting the alignment between ZEC and TAO shared by Barry Silbert, Source: Barry Silbert via X.com  The discussion in the industry was sparked by a widely shared social media thread in which analysts compared the fundamental properties of the two ecosystems.  DCG chief brings the scarcity model of Zcash and Bitcoin to the decentralized AI market  Silbert responded with an affirmative gesture to a post whose authors recalled his early calls on Bitcoin and Zcash, effectively confirming that he sees this AI token as

09-19انڈسٹری

US stocks sink as Treasury yields boast another session of gains

Thursdays post-rate-hike rally dissipated on Friday as bulls paused the run in light of rising US Treasury yields. Government bond yields rose across the curve on Friday, with the 2-year yield up 1.5% to 4.75% and the 10-year back above 5.00%.  While the NASDAQ Composite and S&P 500 saw large gains on Thursday in spite of the Federal Reserve‘s (Fed) 25 bps rate hike on Wednesday, Japan’s subsequent 25 bps hike overnight lent more credence to the view that the world is in the midst of a major hiking trend.  While the NASDAQ is only slightly negative at the time of writing, down 0.1%, the S&P 500 is off 0.2%, and the Dow Jones Industrial Average (DJIA) has given up 0.4%.  Importantly, the third Friday in September is a ‘triple witching day,’ wherein stock options, stock index futures contracts, and stock index options all expire by the close. This makes these days more prone to heavy volatility as investors close out of their options trades. This leaves the final hour of trading, the ‘witching hour’ between 15:00 and 16:00 EST, one of the most volatile periods of the entire quarter. Triple witching days often see double the average volume level.  Markets turn bearish on

09-19انڈسٹری

Zcash Price Surges Toward $1,500 as NU7 Upgrade Targets Nov. 5

ZEC traded around $1,465-$1,470 on Sept. 18 after reaching an intraday high near $1,527. The move follows a dramatic rally that has pushed the privacy coin from roughly $500 in August into price discovery.  Now traders have another date to watch: Nov. 5.  The official NU7 timeline targets testnet activation for Oct. 6, a final mainnet decision on Oct. 20 and activation on Nov. 5. The upgrade would reduce Zcashs target block spacing from 75 seconds to 25 seconds.  ZEC Rally Meets a Major Network Upgrade  NU7 arrives while interest in Zcash is already surging.  ZEC recently exploded toward $1,400 after Paradigm disclosed its investment, with the rally dramatically outperforming Bitcoin at the time.  The latest advance has carried ZEC even further, although the move above $1,500 has proved volatile. Todays price briefly reached approximately $1,527 before pulling back toward $1,465.  NU7 could provide a fundamental narrative alongside that price momentum.  Moving from 75-second to 25-second blocks is designed to cut confirmation latency by roughly three times. The proposal also increases potential Orchard transaction throughput while keeping daily ZEC issuance on the existing schedule.  What Changes for ZEC Miners?  NU7 also introduces a new approach to network sustainability.  The planned mechanism would remove at least 60% of transaction fees from circulation

09-19انڈسٹری
1
...
141143
...
1000