Longtime Ethereum supporter cites blockchain’s cost-based model and underperformance as reasons for exiting ETH position. Longtime Ethereum advocate David Hoffman sold his entire ETH holdings on May 21, citing the token’s prolonged underperformance and the blockchain’s ope
A rare US strategic petroleum reserve cargo heads to the Philippines as Middle East supply routes face prolonged disruptions. A US-flagged tanker carrying crude from the Strategic Petroleum Reserve has departed for the Philippines, marking the first such shipment to Asia s
US inflation risk now higher than labor market concerns The central bank's primary concern has shifted to higher US inflation. Recent US data has shown inflationary risks are higher, not lower. The US Dollar Index trades 0.1% lower to near 99.05 after the c
Low inflation and SNB's intervention stance limit CHF strength amid geopolitical risks, offsetting traditional safe-haven flows. The Swiss National Bank’s heightened willingness to intervene in currency markets has tempered Swiss Franc gains, despite ongoing geopolitical t
Australia’s annual inflation slowed to 4.2% in April, below forecasts, reducing bets on an RBA rate hike in June. The AUD/JPY pair fell to 113.95 in early European trading after Australia’s April Consumer Price Index rose 4.2% year-over-year, below the 4.4% consensus. Marc
Persistent geopolitical tensions and hawkish central bank expectations pressure gold prices near a key psychological level. Gold (XAU/USD) trades near $4,500 in early European trading, pressured by a stronger US Dollar (USD) and rising expectations of prolonged higher inte
S&P 500 gains 0.6% US equities advanced, with the S&P 500 up 0.6% and the Russell 2000 outperforming with a 1.8% gain. The small caps are unusually strong given a perceived narrow tech-led rally and shifting rate. The Russell 2000 outperformed the S&P 500, indica
Prosecutors allege the suspects defrauded investors of $260,000 via a fake influencer scheme targeting CATFI token holders. South Korean prosecutors have charged a criminal group for manipulating the Solana-based meme coin CATFI, marking the country’s first arrest in a dec
Small-cap stocks surge amid broadening earnings growth and attractive valuations despite shifting rate expectations. US equities rose, with the S&P 500 climbing 0.6% and the Russell 2000 leading gains at 1.8%. Small caps outperformed in a rally typically dominated by tech,
The pair holds near three-week highs after a 1.7% rally, driven by declining crude prices weakening the Canadian dollar. The US dollar remains flat against the Canadian dollar, trading above 1.3800 after climbing 1.7% over the past three sessions. The loonie’s weakness ste
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