Morgan Stanley Names 3 Supports for Gold After a 3.8% Slide This Year

Morgan Stanley still favors gold on a 12-month view, even after the metal slid toward a seven-week low this week. Amy Gower, its head of metals and mining strategy, named 3 factors that could support prices.  Spot gold held near $4,176 on Thursday after a sharp sell-off on Monday. The metal is now down about 3.8% in 2026.  Gold Prices in 2026. Source: TradingView  Sponsored  Sponsored  Central Banks and China Keep the Physical Bid Alive  Gower, head of metals and mining strategy at Morgan Stanley, started with physical demand. Central banks added a net 23 metric tons in July, according to World Gold Council (WGC) data. China added 20 tons that month, and Poland added 8 tons.  Beijing then bought about 20.2 tons in August, its largest monthly addition since October 2023. Chinese demand also extends beyond the central bank.  Chinas total imports, which include private and institutional buyers, passed 1,000 metric tons in the first eight months of 2026. Gower told CNBC that the pace puts them on track for their highest level since 2017.  “China seems to have this very strong appetite for gold,” she said.  Sponsored  Sponsored  Follow us on X to get the latest news as it happens  Are gold prices heading to $5,000+?  Global gold ETF holdings are up

3 دن پہلےانڈسٹری

OFAC Sanctions 7 Crypto Wallets Tied to FBI Most Wanted Fugitive and Venezuelan Gang

The US Treasurys Office of Foreign Assets Control (OFAC) sanctioned 10 targets on Wednesday. They are tied to an ATM jackpotting scheme run by Tren de Aragua (TdA).  The network allegedly washed the stolen cash through cryptocurrency, among other channels. The action also listed 7 crypto addresses belonging to ringleader “Prometheus,” an FBI Most Wanted fugitive, and his associates.  Sponsored  Sponsored  Inside Tren de Araguas Alleged ATM Jackpotting Playbook  TdA originated in Venezuela, and the State Department designated it a Foreign Terrorist Organization in February 2025. According to Treasury, ATM fraud has since become a key revenue source for the group.  Jackpotting attacks use malware to make ATMs release cash without debiting any account. Court filings in Nebraska name the strain as Ploutus, which was set to erase itself after each attack.  Treasury identifies Prometheus as Anibal Alexander Canelon Aguirre, the alleged engineer of that malware. He sits on the FBIs Ten Most Wanted Fugitives list and faces charges in Nebraska federal court.  Treasury said reported US losses from alleged jackpotting attacks reached $40.73 million as of August 2025. That total spans more than 1,500 incidents.  OFAC separately sanctioned Juan Gabriel Rivas Nunez, a senior TdA leader linked to illicit gold mining.  Follow us on X to get the latest

3 دن پہلےانڈسٹری

South Korea to let stocks, bonds and funds go onchain

South Korea has proposed rules that would bring stocks, bonds and funds into its token securities framework while limiting retail investors to 100 million won in annual net purchases on each approved over-the-counter platform.  SummarySouth Korea plans to allow stocks, bonds and funds within its regulated token securities framework.Retail investors will face a 100 million won annual net purchase limit per OTC platform.Qualified issuers need four billion won in equity capital before directly managing tokenized securities accounts.South Koreas token securities rules are scheduled to take effect on February 4, 2027 nationwide.Public comment runs October 2 through November 11 before regulatory approvals and implementation next year.  The Financial Services Commission announced the regulatory framework as the country prepares for amendments to the Electronic Securities Act and Capital Markets Act to take effect on Feb. 4, 2027. The latest subordinate-rule proposal moves the system closer to implementation by setting the securities that can be tokenized, requirements for issuers and rules for OTC trading.  Under the proposal, traditional securities including equities, debt securities and investment funds can fall within the legal tokenization framework. Earlier rules and pilots had focused more heavily on fractional investment products such as non-monetary trust beneficiary certificates and investment contract securities.  You might

3 دن پہلےانڈسٹری

US court blocks victims from 127,000 seized Bitcoin, and petition rules are blamed

Judge Rachel P. Kovner rejected claims by nine alleged fraud victims seeking to contest forfeiture of approximately 127,271 Bitcoin in a Sept. 25 order.  Related Asset Bitcoin #1 BTC · $83,528.19 24-hour change: up 0.18% Loading price history… 24H Up 0.18% 7D Down 1.13% 30D Up 6.30%  Their filings did not plausibly connect their lost funds to the specific seized wallets, leaving them with a different potential recovery route if the government wins the forfeiture case.  The Eastern District of New York judge struck the timely claims of Ath Leepinyo and Connie Wilson and denied seven other claimants permission to file late. All nine lacked Article III standing, the legal threshold for contesting the action.  The case began with a civil forfeiture complaint filed on Oct. 14, 2025. DOJ said then that the Bitcoin was in US custody and alleged links to fraud and money laundering involving Prince Holding Group, a Cambodian conglomerate, and its chairman, Chen Zhi.  The court treated these claimants plausible allegations as establishing, at most, the position of general unsecured creditors: people seeking compensation without a qualifying interest in the particular assets being forfeited.  A loss tied to an alleged fraud did not establish ownership of coins in these wallets.  The order recognized

3 دن پہلےانڈسٹری

Bybit users hold more Bitcoin and Ethereum as USDT drops 11%

Bybit has reported $19.6 billion in mainstream assets in its 40th proof-of-reserves report, with user Bitcoin and Ether balances rising while USDT holdings fell sharply from the previous snapshot.  Bybit reported the figures using a snapshot taken at 03:00 UTC on Sept. 23. The exchange listed 56,131 BTC in user assets against 58,721 BTC held in wallets, giving Bitcoin a reserve ratio of 104%. The report was independently reviewed by Hacken.  Ethereum user holdings reached 551,868 ETH, while wallet assets stood at 570,018 ETH. The resulting reserve ratio increased to 103% from 102% in an earlier report. Bybit said every one of the 50 tokens covered by its current disclosure had reserves equal to or above user balances.  Bybit Bitcoin and Ethereum user holdings increased  Bitcoin balances held for users rose 0.24% from the Aug. 26 snapshot to roughly 56,100 BTC. Despite the increase in customer holdings, Bybits Bitcoin reserve ratio remained at 104%.  Ether recorded a larger change, with user holdings rising 2.96% to nearly 551,900 ETH. Bybit reported 570,018 ETH in wallets against those customer balances, lifting the reserve ratio by one percentage point to 103%.  The latest figures follow earlier changes in exchange balances during 2026. In June, Bybit and OKX users increased

3 دن پہلےانڈسٹری

Morgan Stanley Names 3 Biotech Breakthroughs That Offer Investment Opportunities

Morgan Stanley named three biotech breakthroughs that could reward investors, spanning Alzheimers drugs, gene editing, and artificial intelligence (AI).  Analysts Sean Laaman and Maxwell Skor published the research, and it coincided with the banks annual Global Healthcare Conference in New York.  Sponsored  Sponsored  Biotech Breakthroughs Carry Multibillion-Dollar Price Tags  Morgan Stanley‘s report sizes the Alzheimer’s drug market at $70 billion. The bank splits it between therapies that slow cognitive decline and treatments for symptoms such as psychosis and agitation.  The bank sees upside beyond drugmakers. Delaying nursing home entry by 12 to 18 months could deliver US healthcare value worth multiples of list price. Diagnostics, care delivery, retirement, and insurance firms could also benefit or need to adapt.  Early gene-editing therapies worked ex vivo, meaning clinicians removed cells, edited them in a lab, and returned them. In contrast, in-vivo versions edit DNA inside the body. That could open organs not easily removed, including the brain, heart, eyes, and liver.  Pharma and Biotech performance has been climbing since mid-2025. Image Source: Janus Henderson  Morgan Stanley forecasts a $10 billion in-vivo market by 2035 in near-term indications. Meanwhile, consensus sits at $6 billion. Data due over the next 18 months could set how investors value these platforms.  Sponsored  Sponsored  Morgan Stanley Favors AI Suppliers

3 دن پہلےانڈسٹری

Is Oura's IPO Delay About Markets or Its $15 Billion Valuation?

Oura postponed its Nasdaq initial public offering (IPO), a listing that would have valued it near $15 billion. The Oura IPO delay came despite what the company called strong demand.  The smart ring maker blamed uncertainty in the IPO market. Treasury yields at 19-year highs and a September Federal Reserve (Fed) rate hike have weighed on growth stocks.  Sponsored  Sponsored  Why the Oura IPO Delay Reflects Rate Pressure  The 10-year Treasury yield, a benchmark for global borrowing costs, topped 5.2% last week and continued to rise to almost 5.3%. That was its highest level since 2007, and oil prices and the Feds first hike since 2023 added pressure.  Yield continues to hit new 52-week highs. Image Source: CNBC  Higher yields typically reduce what investors will pay for future earnings, which hurts growth names most.  “The recent spike in yields and resumed rate hikes have put some downward pressure on growth companies, and thats a majority of the companies in the IPO market.”  Avery Marquez, director of investment strategies at Renaissance Capital,  Demand was not the obstacle. Oura‘s oversubscribed IPO drew roughly four times more orders than shares ahead of Tuesday’s planned pricing.  Sponsored  Sponsored  Still, valuation looks like the sharper concern. Jay Ritter, director of the IPO Initiative at the University of Florida,

3 دن پہلےانڈسٹری

Grayscale: XRP's Near-6% Bitcoin Valuation Sets a Benchmark for Zcash

XRP is valued at nearly 6% of bitcoin‘s market capitalization, a level Grayscale cites as context for how far rival digital currencies can grow. Zcash rose from under 0.1% to about 1.5% of bitcoin’s value in a year, and the firm says it has not hit a valuation ceiling.  Key TakeawaysGrayscale counts 10 qualifying tokens alongside bitcoin in its sector.XRP‘s market value approaches 6% of bitcoin’s, versus Zcashs 1.5%.The firm argues that ZEC has not reached a valuation ceiling.  XRP, Zcash, and Litecoin Share Bitcoins Currency Category  Digital currency competition extends beyond bitcoin (BTC) to 10 other qualifying tokens, including XRP, Zcash (ZEC), and Litecoin (LTC), according to Grayscale. Zach Pandl, head of research at the crypto asset manager, outlined their shared classification in a Sept. 29 analysis. The firms Currencies Crypto Sector groups blockchains focused on the digital currency use case.  The category encompasses monetary functions such as transferring value, storing value, and expressing prices in a common unit. These digital currency functions span standard monetary protocols and cryptocurrencies with privacy features. FTSE Russell, an index provider, and Grayscale review the sectors and their constituents quarterly, allowing classifications to change as the market develops. Pandl wrote: “Bitcoin is the king of the category.”  Litecoin

3 دن پہلےانڈسٹری

New Bitcoin upgrade catches hidden key leaks hiding the exact fix

Bitcoin improvement proposal BIP461 could make a hidden route for leaking wallet secrets easier to detect. The draft defines a common signing procedure for ECDSA, an existing Bitcoin signature scheme.  Related Asset Bitcoin #1 BTC · $83,531.58 24-hour change: up 0.15% Loading price history… 24H Up 0.15% 7D Down 0.76% 30D Up 6.39%  Independent compliant signers should produce identical signatures for the same secret key and message hash, creating a benchmark for detecting departures that could conceal key leakage.  Authored by Liam Gilligan, the proposal was merged into the BIPs repository on Sept. 16 and remains marked Draft. Its signatures work under existing Bitcoin consensus rules, so implementing this signing procedure requires no consensus change.  Comparing signatures for deviations  ECDSA allows a signer choices while creating a valid signature, including the nonce, a temporary value used in signing. Malicious firmware can exploit that freedom to hide key material in signatures that still pass verification, and BIP461 fixes those choices through a specified deterministic procedure.  Bitcoin‘s acceptance of a signature cannot establish that its creation kept the key safe. A common specification supplies an expected output against which the signer’s behavior can be checked.  The comparison requires identical inputs and the exact same standard, including access to the

3 دن پہلےانڈسٹری

SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit

SlowMist traced the earliest logged malicious activity linked to Bitgets $388 million theft to Aug. 31, when an attacker exploited a zero-day vulnerability affecting a third-party security product.  Attackers stole the funds from Bitget‘s hot wallets on Sept. 24 (UTC), transferring assets to addresses they controlled across several blockchains. SlowMist’s investigation identified malicious activity involving two third-party security products and a wallet application host.  According to a SlowMist progress report, the attacker used a hidden script to access the database of what SlowMist called “Product A,” after retrieving its password from an environment variable. Similar activity was later detected on two other nodes on Sept. 23 and Sept. 25. The dates and times in the report are in UTC+8.  On Sept. 25, the attacker also accessed the management platform of a second security product, which SlowMist called “Product B,” using an internal employees identity. SlowMist said the attacker then attempted to inject system commands, alter server configurations and upload malicious program files.  SlowMist said its investigation remains ongoing and that it is still examining how the attacker moved between the affected systems.  Attacker used custom withdrawal tool  The security company said it recovered a deleted, highly customized tool used to manipulate the wallet systems withdrawal process.

3 دن پہلےانڈسٹری
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