Hang Seng Investment Management has rolled out a new physically backed gold exchange-traded fund (ETF) in Hong Kong, with an option for future tokenized access to the asset. The Hang Seng Gold ETF, which began trading on the Hong Kong Stock Exchange on Thursday under stock code 3170, is designed to track the LBMA Gold
For bitcoin BTC$88,215.96 bulls, it feels like one setback after another. First precious metals like gold and silver surged to record highs, sucking capital away from the crypto market. And now oil’s starting to surge too, threatening to skew macroeconomic forces in favor of bitcoin bears. The per barrel price for the West Texas Intermediate
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
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
Following today’s decision to leave interest rates unchanged, expectations regarding the interest rate path until 2026 are beginning to become clearer. Five major financial institutions, including JPMorgan Chase and Citigroup, shared their thoughts on both potential rate cuts in 2026 and key messages regarding tonight’s rate decision. While institutional forecasts suggest the Fed will maintain
Messari dropped its State of DePIN report for 2025, and it draws attention to the sector’s maturation as it shifted from speculative experiments toward infrastructure businesses generating real revenue. According to the report, by the end of the fiscal year 2025, the entire DePIN sector, worth $10 billion, had generated an estimated $72 million in