Fairshake PAC's $5.5 million investment in Adrian Boafo secures a Democratic nomination for a U.S. House seat amid broader crypto industry political spending. A Democratic state delegate, Adrian Boafo, won Maryland’s primary for a U.S. House seat after receiving $5.5 milli
The US Dollar Index climbs to its highest level since June 2023 amid sustained demand in Asian trading. The US Dollar Index (DXY) extended its rally to a third consecutive session, reaching 101.45, its highest level in 13 months. The move reflects persistent strength in th
US Dollar Index reaches 13-month high near 101.45 The US Dollar Index holds ground for the third consecutive day, trading near a fresh 13-month high of 101.45. The Greenback gains ground on robust domestic economic data and a complex geopolitical landscape. The U
Strategy’s dividend obligations surged to $1.2 billion annually, cutting cash reserves by 38% and reducing dividend coverage to 14 months. CryptoQuant recommended Strategy pause Bitcoin accumulation after its annualized dividend obligations rose from $300 million to $1.2 b
May CPI slows to 4.0% year-on-year, below forecast The May CPI in Australia slowed to 4.0% year-on-year, below the 4.3% forecast. This slowdown was driven by falls in certain categories. The core inflation, however, rose to 3.6%, above estimates. This increase keeps
The Australian Dollar stabilizes against the Yen after cooling CPI data and Bank of Japan hawkishness limit volatility. The AUD/JPY pair steadies around 0.6920 in Asian trading, halting a six-day losing streak. The cross shows minimal movement as Australia’s latest Consume
Samsung’s record $65 billion share buyback and accelerated chip facility plans drive South Korean equities higher amid AI demand surge. Samsung Electronics is set to launch a $65 billion share buyback, one of Asia’s largest corporate capital return programs, addressing for
Nikkei 225 target raised to 76,000 BofA Global Research has increased its year-end target for the Nikkei 225 to 76,000 from 67,000. The revision is driven by factors such as AI demand, relief from Hormuz, and improving corporate return on equity. This change in t
Softer headline CPI readings contrast with a rise in Trimmed Mean CPI, leaving traders cautious on RBA policy outlook. The AUD/USD pair recovered modestly to around 0.6920-0.6925 after Australia’s May CPI data showed mixed signals. Headline inflation eased to 4% YoY from 4
Annual inflation in Australia slowed more than expected in May, easing pressure on the Reserve Bank of Australia to hike rates further. Australia’s annual consumer price inflation rose 4.0% in May, down from April’s 4.2% and below the 4.4% consensus forecast. The data mark