BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky prices. “We look to May U.S. inflation figures for a clearer read on how the Mideast conflict energy shock is impacting already sticky inflation. The full breadth of the shock has
Bitcoin has carved out a relief bounce after plunging below $60,000 on Friday, but a bounce and a bullish revival are two very different things. The latter hinges on a couple of key price levels, according to analysts. “The market has become oversold enough for sharp relief rallies, especially if inflation data softens and ETF
The leading cryptocurrency, Bitcoin ($BTC), recently fell below $60,000 and remains at a critical juncture. Although the price briefly rose above $64,000, it has since fallen back to around $62,000, and Fidelity has released a report analyzing the current situation. Fidelity Digital Assets stated in its latest analysis that short-term and long-term indicators differ for
SpaceCoin (SPACE), the decentralized satellite internet project, has initiated public testing for SpaceRouter Onion, a next-generation decentralized private internet architecture designed to enhance user privacy by routing browsing traffic through a path of three independent relay nodes. The system ensures that no single node can simultaneously identify both the user and their destination, employing multiple
Metaplanet has reiterated that share buybacks remain a potential capital allocation tool after its mNAV ratio fell to 0.92x, a level the company says could support accretive purchases for shareholders. According to a June 9 post from Metaplanet CEO Simon Gerovich, Bitcoin Yield remains the company’s primary performance metric, with capital allocation decisions evaluated through
THORChain has moved into the next phase of its recovery from the May 15 vault exploit. Validators are now reviewing version 3.19.0, which combines security patches with the ADR-028 loss-recovery plan. The release also introduces a mechanism that can quarantine a compromised vault. THORChain said this would stop an affected vault from processing transactions while
Bitcoin recovered from last week’s fall toward $59,000 and briefly tested $64,156. However, the rebound has not changed the wider downtrend. Bitcoin traded near $63,200 at the time of writing, according to crypto.news price data. The market now faces two tests. Traders want stronger futures participation before treating the move as lasting. They are also
Asian equity markets clawed back some ground on June 9 (Tuesday) after yesterday’s punishing losses, but the recovery remained fragile as rising bond yields and growing expectations of central bank rate hikes kept investors cautious across the region. South Korea’s KOSPI led the rebound with a 3% gain after plunging more than 8% in the
Silicon Valley’s AI boom is creating demand for a different type of paid companionship. Some technology workers are spending as much as $23,000 per day for escorts who can discuss artificial intelligence, cryptocurrency, biohacking, and startup culture. Forbes reported that the service extends beyond sex. Clients are also paying for attention, informed conversation, and time
Bitcoin is facing another major test as the current downturn is being compared with earlier FIFA World Cup-year bear markets. The pressure follows an Oct. 10 flash crash that erased $19 billion in leveraged crypto positions in one afternoon and dragged major tokens lower. The selloff pushed Bitcoin down from its $126,000 peak to $105,000.