Wall Street Dumps Tech, Rotates Hard into War Economy Names; Defense Shares Rip
U.S. stocks have been mixed on Monday, shaking off early morning losses tied to escalating conflict in the Middle East as investors rotated into energy and defense names while trimming exposure to travel and select tech shares. Stocks Whipsaw as Middle East Conflict Lifts Energy and Defense Shares By noon, the Dow Jones Industrial Average … Read more
Turkey’s ruling party proposes 10% crypto income tax
Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%. Go to Source
HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities
Rising Iran conflict risks are jolting global markets, with HSBC warning oil shocks, currency swings, and equity volatility hinge on whether supply routes and production are disrupted, shaping inflation expectations and investor risk appetite worldwide. HSBC: Long-Running Conflict Would Reshape FX, Rates, and Equity Leadership Escalating geopolitical tensions are reshaping the global market outlook. Global … Read more
Bitcoin nears $70K as PMI boost sees BTC price leave Iran woes behind
Bitcoin price strength received a surprise bullish catalyst from US manufacturing data, helping to relieve tensions over Iran as US stocks floundered. Go to Source
ProCap boosts Bitcoin holdings to 5,457 BTC, aims to narrow NAV discount
The Bitcoin treasury company repurchased 782,000 shares below NAV as it increases Bitcoin exposure and works to close the gap between market price and asset value. Go to Source
XRP faces $650M sell risk as charts hint at prices below $1
XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges. Go to Source
Predictive Analyst Who Called Trump Victory and Iran Conflict in May 2024 Foresees US Defeat
When Beijing-based historian Jiang Xueqin warned in May 2024 that a second Trump term would lead the United States into war with Iran — and that America would ultimately lose — many dismissed it as academic theater, but two of his three headline predictions have since materialized. Strategic ‘Trap’ Theory Raises Questions About U.S. Military … Read more
Iranian Drone Strikes Trigger Spike in European Natural Gas Prices
European natural gas prices spiked on Monday after Qatar halted all liquefied natural gas production following Iranian drone strikes on key energy facilities, jolting already tight markets across Europe and Asia. U.S. Gas Futures Rise as Middle East Conflict Hits LNG Supply The Dutch Title Transfer Facility benchmark, Europe’s main gas price gauge, jumped as … Read more
Nexo is back in the US: What changed after the 2023 crypto lending crackdown?
After the 2023 crackdown, Nexo reenters the US with a partner-led model. What is different, and what should users watch? Go to Source