Tether CEO Paolo Ardoino said the company aims to become the “central bank of gold” as the global financial system moves towards a post-dollar era. Ardoino explained that Tether is on track to become one of the institutions managing the world’s largest gold reserves, and plans not only to hold its reserves but also to
Meta shares jumped 10% in post-market trading on Wednesday after the company reported stronger-than-expected fourth-quarter earnings and outlined plans to sharply increase spending on artificial intelligence infrastructure. Meta reported fourth quarter revenue of $59.89 billion up 24% year over year and net income of $22.77 billion up 9%. Earnings came in at $8.88 per diluted
NVIDIA, Microsoft, and Amazon are negotiating a potential investment of up to $60 billion in OpenAI, which would value the AI research organization at $730 billion before financing, The Information reported Wednesday. NVIDIA, the chipmaker whose GPUs power OpenAI’s AI models, is considering pouring up to $30 billion. Microsoft, which has maintained a deep partnership
Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just 14% of outstanding futures positions. A confluence of depleted inventories, oversized commercial short positions, and unusual backward contract rolls points to a
Bitcoin’s unusually subdued options pricing and weak month-to-date activity are setting up what ProCap CIO and Bitwise adviser Jeff Park calls a dangerous asymmetry: upside momentum is unlikely without volatility, and the longer $BTC stays “quiet,” the more violent the eventual move could be. In a post via X on Jan.27, Park described the current
Bitcoin price started a recovery wave above $89,500 but failed above $90,000. $BTC is declining and might dip further if it breaks $88,000. Bitcoin failed to remain above $90,000 and started another decline. The price is trading above $88,200 and the 100 hourly simple moving average. There is a rising channel forming with support at
High Bitcoin options volumes indicate there is still significant interest and capital present in crypto derivatives markets, according to derivatives exchange Deribit, but risk is now being carefully managed, which could explain Bitcoin’s recent price movements. Bitcoin trading near $90,000 right now “looks a lot clearer when you view it through positioning rather than just
On-chain data shows the Bitcoin Supply in Loss indicator has witnessed a shift in direction that has often led into bearish phases in past cycles. 365-Day SMA Of The Bitcoin Supply In Loss Has Been Rising Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Supply in Loss has started
A criminal investigation into Federal Reserve Chair Jerome Powell is ongoing, and the central bank has not yet produced documents demanded by grand jury subpoenas, CNBC reported Wednesday. The probe remains active, with no clear deadline disclosed for the Fed’s compliance. Powell said on Jan. 11 that the Fed had received grand jury subpoenas connected