Gold ETFs just pulled off one of the more dramatic U-turns in recent memory. After hemorrhaging $12B in net outflows during March, global gold-backed exchange-traded funds attracted $6.6B in fresh capital in April. What drove the reversal A weakening US dollar made gold cheaper for international buyers. Falling oil prices added another layer of support.
In a groundbreaking move to increase Web3 creators’ access to advanced DApps (decentralized applications), CreatorX, a Web3-based creator asset management platform, today announced a strategic partnership with VitalVEDA, a Web3 fitness platform. This collaboration enabled CreatorX to integrate with VitalVEDA’s Web3 fitness infrastructure, allowing users on its creator asset management platform to access wellness decentralized
Bitcoin is presently trading above $80,000, as market bulls sustain the rebound from early April. However, the flagship cryptocurrency remains firmly in bear-market territory, down roughly 37.5% from its all-time high. Amid the ongoing rally, crypto analyst Aralez has outlined a potential price trajectory for the remainder of 2026, highlighting the key macroeconomic and market
B.AI, a popular blockchain-based AI infrastructure entity, has recently announced an exclusive token subsidy program. In this respect, B.AI is launching the 100 billion Token Subsidy Plan to make it a key player in the AI infrastructure landscape. As per B.AI’s official social media announcement, the development unveils a limited-time token drop to minimize costs
Russian President Vladimir Putin announced a unilateral two-day ceasefire in the Russia-Ukraine conflict. The ceasefire, running from May 7 to May 8, was framed around security concerns ahead of Russia’s Victory Day celebrations on May 9. Crypto markets responded with a modest exhale. Bitcoin climbed 1.2% to $68,400, while Ethereum ticked up 0.8% to $3,200.
Ripple ($XRP), one of the most followed altcoins in the cryptocurrency market, continues to experience remarkable growth in exchange-traded funds (ETFs). According to the latest data, the total assets under management (AUM) of $XRP-focused ETFs has reached $1.18 billion, while the amount of $XRP held in ETF vaults has risen to 847.88 million. This figure
Bank of America has revised its expectations regarding the Federal Reserve’s interest rate reduction process. According to the bank’s latest forecast, no further rate cuts are expected this year due to high inflation and a strong employment outlook. The institution also predicted that rate cuts could be postponed until the second half of 2027. The
While most of Wall Street spends its time worrying about stagflation, Cathie Wood is reading a completely different script. The ARK Invest CEO has been making the case that US inflation is not just falling, but falling dramatically faster than consensus expects, with real-time data suggesting the core inflation rate sits around 1%. The numbers
China just posted its strongest export month of the year, and the timing couldn’t be more politically charged. April exports jumped 14.1% year-over-year, blowing past economist expectations and snapping back from a disappointing March that had traders questioning the health of the world’s second-largest economy. The rebound, released on May 9, lands roughly a week