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G Mining Ventures (TSX: GMIN) has scored a legal victory in Brazil that grants it permission to advance the Gurupi gold project. On Wednesday, the Canadian gold miner announced that a federal agrarian court in Maranhão, northeastern Brazil, has ruled in its favour with respect to the project’s environmental licensing process. Specifically, the court annulled the legacy licences issued to a prior operator in 2011 and confirmed G Mining’s ability to initiate a new licensing process. The ruling, which resolves a longstanding civil action that has been open since 2013, provides “a clean regulatory path forward and positions Gurupi for long-term development and strategic growth,” G Mining stated in a press release. The environmental process would require the submission of a full environmental impact assessment and report (EIA/RIMA) and prior consent from the National Institute for Colonization and Agrarian Reform (INCRA) for areas overlapping agrarian settlements, it noted. Louis-Pierre Gignac, CEO of G Mining, calls the court ruling “a pivotal moment” for the Gurupi project by removing a longstanding regulatory constraint in its permitting process, while highlighting the company’s track record in “navigating complex regulatory environments.” Shares of G Mining Ventures rose 2% by midday Wednesday on the announcement, giving the company a market capitalization of just over C$4 billion. District-scale gold project Gurupi represents the third asset in the company’s project pipeline after the Tocantinzinho mine, also in Brazil, and the Oko West project in Guyana, which is nearing a construction decision. “With this legal certainty, we are now well positioned to unlock the full potential of this district-scale asset through focused exploration and meaningful stakeholder engagement,” Gignac stated in Wednesday’s release. G Mining considers the Gurupi project to be a long-term development asset with significant mineral resource expansion opportunities. The property covers an approximate 1,900 km² land package, containing three deposits with a combined gold resource of 1.83 million indicated ounces and 770,000 inferred ounces. The project has a long history of exploration that first began in the 1980s, when Vale and other operators identified multiple gold occurrences along an 80-km mineralized trend. By the late 1990s and early 2000s, over 126,000 metres of drilling had been completed to define the key deposits. Luna Gold acquired the project in 2007, expanding drilling efforts and establishing a JORC-compliant resource. Australia’s OZ Minerals took over the project in 2016 and conducted further exploration. A pre-feasibility study was completed in 2019, contemplating a high-margin open-pit gold operation. G Mining acquired Gurupi in Q4 2024 from BHP, which took over OZ Minerals in 2023, and released the NI 43-101 resource estimate. An initial exploration budgeted of $2-4 million has been designated for the project this year. However, a larger budget would be allocated upon receipt of the necessary exploration permits in the second half of 2025, the company said.

Botswana is pushing to take a controlling stake in De Beers as Anglo American (LON: AAL) prepares to divest from the diamond company. The country’s mining minister Bogolo Kenewendo told the Financial Times on Wednesday that President Duma Boko “remains resolute in his quest to increase Botswana’s stake in De Beers to ensure Botswana’s full control over this strategic national asset and the entire value chain including marketing”. The comments come ahead of an early August deadline for bids to be submitted to Anglo from potential buyers of the diamonds business. Kenewendo said any sale of the company “without our support will be difficult to achieve”. “Our partners at Anglo American have, regrettably, failed to manage the process transparently or in co-ordination with the government and with our support,” she added. De Beers, the world’s leading diamond producer by value, has been on the chopping block since May 2024, when Anglo announced plans to either sell the unit or launch an initial public offering (IPO). This decision came as part of a corporate overhaul triggered by Anglo’s successful defence against a £39 billion ($49 billion) takeover bid by Australian rival BHP (ASX: BHP). The miner sources about 70% of its diamonds from the country. The country’s bold move comes despite a widening budget deficit, expected to hit 7.5% by 2026, and analysts’ skepticism over its ability to raise sufficient funds. Kenewendo, however, insisted that “financing is not an issue.” Shares of Anglo American rose 0.69% to £2,355.00 ($3,193.43) on Wednesday, valuing the company at approximately £25.16 billion ($34.12 billion). Strategic asset, market slump The developments pose a major challenge to Anglo’s “dual-track” strategy of either selling or publicly listing its 85% De Beers stake. De Beers has struggled amid falling demand from China and growing competition from lab-grown stones. Anglo has twice cut De Beers’ valuation, most recently to $4.1 billion in February. The miner also reported a 44% revenue drop in the first quarter and is holding $2 billion in unsold diamonds. Anglo said it remains in regular talks with Botswana and acknowledged the country’s role as a key partner.

Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart is now flashing a familiar and powerful pattern — one that echoes the 2019–2020 breakout structure. With ETH pressing against a long-standing resistance line for the third time, a potential breakout could spark a massive rally. However, as momentum builds, a brief pullback may still be on the cards before the bulls take full control. Ethereum Poised For A Massive Move Crypto analyst CryptoBullet has spotted something interesting on Ethereum’s weekly chart. In his post, the expert notes that ETH is displaying a strong recovery and forming what appears to be a Descending Broadening Wedge, a rare yet historically bullish pattern. According to CryptoBullet, this setup bears a striking resemblance to what occurred between 2019 and 2020, just before Ethereum embarked on a massive run. CryptoBullet emphasizes that the current price action is looking very bullish. He points out that Ethereum is now testing the wedge resistance for the third time, which typically increases the chances of a breakout. Despite the optimism, CryptoBullet remains realistic about near-term volatility. He suggests that Ethereum could face a brief 10–15% pullback near the current resistance zone. Such a move would be healthy and could offer a final shakeout before liftoff. If ETH manages to break above this key resistance, CryptoBullet believes it would confirm the bullish pattern and open the door to a significant rally. In that scenario, he believes a new all-time high is almost inevitable. Short-Term Pullback Possible—But The Bigger Trend Remains Intact According to Andrew Crypto in a recent post, Ethereum has shown exceptional strength over the past few weeks, pushing through key levels and maintaining bullish momentum. While this kind of rally is exciting, markets rarely move up in a straight line without occasional corrections. Healthy trends often include pullbacks that allow momentum to reset and provide stronger support for the next leg up. Andrew pointed out that ETH recently got rejected from a local supply zone, which could act as a short-term ceiling. However, this rejection toward the Yearly Open (YO) level, positioned at $3,335, would be a logical and healthy move. A retest of this level could serve as a launching pad for the next rally, especially if buyers step in with conviction. While Andrew clarified that a correction isn’t guaranteed, he mentioned that he wouldn’t be surprised if it happens. In his view, such a dip shouldn’t be feared but rather seen as a potential opportunity, especially for those who missed out on the initial run. A well-timed pullback could restore balance to the chart and bolster Ethereum’s price.

The second quarter of 2025 is a key moment for Tesla as they release their earnings on Wednesday, July 23, 2025 after market close (AMC). Tesla is dealing with challenges in its electric vehicle (EV) business, including lower deliveries and tighter profit margins, while also investing heavily in autonomous driving and robotics. What to Expect? Tesla will release its Q2 2025 earnings after US markets close on Wednesday, July 23, 2025. In Q1 2025, Tesla faced challenges, with revenue dropping 9% year-over-year to $19.34 billion, adjusted earnings per share (EPS) missing expectations by 29% at $0.27, and automotive margins falling to 16.3%. The company also withdrew its full-year 2025 growth forecast, citing trade policy changes and uncertain economic conditions. For Q2 2025, analysts expect these challenges to continue. Revenue is projected at $22.8 billion, down 11% from $25.5 billion in Q2 2024. Adjusted EPS is estimated at $0.43, lower than $0.52 in Q2 2024. Automotive margins are expected to slightly improve to 16.44% from Q1’s 16.3%, but still below 18.3% in Q2 2024. Tesla reported 384,122 vehicle deliveries in Q2, a 13.5% drop from last year but a 14% increase from Q1. Production was 410,244 vehicles, flat compared to last year but up from 362,615 in Q1. Source: Created by Zain Vawda, Google Gemini Key Areas to Focus On Automotive gross margins are a key focus. After falling to 16.3% in Q1 2025, they are expected to slightly improve to 16.44% in Q2. Margins remain under pressure from high interest rates, growing competition, and price cuts on models like the Model 3. Any further drops in selling prices due to discounts will be closely monitored. Tariffs are a major challenge for Tesla. A 25% U.S. tariff on auto parts, starting May 2025, raises vehicle costs by $2,650 and could cut U.S. revenue by $1.3 to $3 billion if sales drop 8.8%. China’s 125% tariff on U.S. goods, effective April 2025, impacts Model S and X exports, potentially reducing revenue by $312.5 million and profits by $112.5 million. Tesla also faces risks from its reliance on Chinese rare earths, which make up 90% of the global supply. A 50% price hike due to trade restrictions could add $1,275 per vehicle, increasing costs by $1.34 billion globally. Elon Musk’s political ties could lead to backlash in China and Europe, affecting demand and Tesla’s reputation. Investors will watch for updates on government relations during the earnings call. Source: Created by Zain Vawda, Google Gemini Forward Outlook Tesla plans to revisit its 2025 growth forecast in Q2 after withdrawing it earlier. Analysts estimate 2025 deliveries between 1.35 and 1.66 million vehicles, down from 1.79 million in 2024. Any updates could impact the stock price. Key growth areas include autonomous driving and robotaxi services, which could add $1 trillion in value. Tesla also sees opportunities in energy storage and solar markets. New battery technologies, like 4680 cells, aim to improve range by 16% and cut costs by 14%, with solid-state batteries offering even greater potential. Source: Created by Zain Vawda, Google Gemini Technical Analysis From a technical standpoint, Tesla shares have been rather choppy since the back end of May with lower highs followed by higher lows. This has brought a triangle pattern into play, and as price continues to coil a breakout will eventually materialize. When a breakout finally does materialize, there is a potential for a $90 dollar move in the direction of the breakout. Immediate resistance rests at 334.79 before the top line of the triangle pattern comes into play. A break above opens up a retest of the 356.67 and 367.72 handle. Support may be located 313.00 before the 300.00 handle. Tesla Four-Hour Chart, July 23, 2025 Source: TradingView Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The week has been calm in terms of economic data releases and despite the ongoing Earnings season, Markets have been looking for headlines. And headlines they received! Yesterday evening saw the announcement of a much anticipated US-Japan Trade Deal that would largely diminish announced tariffs from 25% and more to an actual of 15% on Auto Imports. You can read more on the deal right here. – Except for wishy-washy trading in USDJPY, Equities have appreciated the news. The Nikkei closed the Asia session up around 4.50% and European stocks have also been lifted by the news. In the US, the Indices have opened positive but the trend that started in the beginning of the week is currently continuing: The Nasdaq is seeing some profit-taking and these flows are going towards the Dow Jones, with Futures and CFD prices still positive since the start of the day but the actual open is mixed, seeing some selling. AT&T have released earnings beating EPS and Revenues by a decent margin, setting the stage for some more confidence in US Stocks. The Industrial-focused Index has been strong within its ongoing range, and in the waiting of the Alphabet (Google) and Tesla earnings, the relative strength for the Dow is poised to continue. Read More: Nasdaq slips on profit taking as markets await key Tech earnings Dow Jones vs Nasdaq Comparative weekly performance Dow Jones vs Nasdaq Relative Strength, July 23 2025 – Source: TradingView Tech had started the week on a strong note but since the middle of yesterday's session, there has been some powerful rewiring of positioning in the US Indices, with Tech struggling vs Healthcare, Banking Consumer Cyclical and Defensive stocks – A reverse of the prior year trend. This is allowing the Dow to shine again in today's session. Dow Jones Intraday Technical Analysis1H Timeframe Dow Jones 1H Chart, July 23 2025 – Source: TradingView The Dow has officially broken out of the descending channel that was occuring within the ongoing July Range (44,912 highs and 43,788 Lows). With the ongoing relative strength in the US 30, bulls have broken above the 75% percentile of the range on a clear, lower timeframe double bottom and prices are currently consolidating just above this point that was precedently resistance, now pivot. These levels are: Support Levels: Immediate Pivot (preceding Resistance): 44,600 to 44,70050-Period 1H MA 44,515Strong Support on Double Bottom and 200-H MA – 44,200 to 44,30043,780 to 44,100 Major SupportResistance Levels: 44,810 Daily Highs44,912 July Highs45,060 All-time Highs15M Timeframe Dow Jones 15m Chart, July 23 2025 – Source: TradingView Buyers have held a strong intraday uptrend that had formed yesterday afternoon. RSI Momentum is currently neutral after coming back from overbought, with bulls having to maintain above the Pivot to keep their strong hands – Monitor momentum as the price action is mixed on the lower timeframe but the latest 15m bull candle is a strong one. Breaking above 44,812 (Daily highs) will point towards the July highs, but after that, there won't be much until the All-time highs. Failing to hold above the 44,600 to 44,700 Pivot will re-affirm the preceding range and point to more balanced price action. Safe Trades in the waiting of this afternoon's key earnings! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Australian dollar has rallied for a fourth sucessive day. In the North American session, AUD/USD is trading at 0.6588, up 0.50% on the day. The red-hot Aussie has jumped 1.6% since Thursday and hit a daily high of 0.6600 earlier, its highest level since Nov. 2024. US-Japan trade deal raises risk appetite The financial markets are in a risk-on mood today, buoyed by the announcement that the US and Japan have reached a trade agreement. Under the deal, the US will impose 15% tariffs on Japanese products, including automobiles. As well, Japan will invest some $550 billion into the US. Global stock markets are higher and the Australian dollar, a gauge of risk appetite, has climbed to an eight-month high. Investors also reacted positively today to reports that negotiations between the US and China were speeding up and the US could grant an extension of the August 12 deadline to reach an agreement. The latest positive developments on the tariff front have raised hopes that the US will also sign trade deals with the European Union and South Korea. White House-Powell fight continues The White House continues to put pressure on the Federal Reserve. Earlier this week, Treasury Scott Bessent called for a thorough review of the Federal Reserve. Bessent echoed President Trump's calls for the Fed to lower interest rates. Fed Chair Jerome Powell hasn't shown any signs of plans to cut rates and has fired back that the uncertainty over Trump's trade policy has forced the Fed to adopt a wait-and-see policy. The Fed is widely expected to hold rates at the July 30 meeting but there is a 58% likelihood of a rate cut in September, according to CME's FedWatch. AUD/USD Technical AUD/USD has pushed above resistance at 0.6579 and tested resistance at 0.6593 earlier. Next, there is resistance at 0.66290.6539 and 0.6521 are the next support levels AUDUSD 1-Day Chart, July 23, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Elon Musk’s SpaceX has raised eyebrows in the crypto community, following the transfer of its Bitcoin holdings for the first time in three years. This has raised concerns about the possibility of the company looking to offload its coins. Elon Musk’s SpaceX Transfers Bitcoin Holdings To A Fresh Address In an X post, onchain analytics platform Arkham Intelligence revealed that Elon Musk’s SpaceX just moved Bitcoin for the first time in three years. The company sent 1,300 BTC ($153 million) to a fresh address this morning. Arkham then questioned whether this transfer was simply a move to cycle custody wallets or a plan to sell. SpaceX transferred the funds to an unknown wallet (bc1q8….phartf), which suggests that this move is just for custody purposes rather than to sell them. Notably, the last time Elon Musk’s company moved some of its Bitcoin holdings was to Coinbase, three years ago, which was more of an indication to sell than this recent transfer. There is a possibility that Elon Musk’s SpaceX would have likely moved this $153 million to Coinbase again, rather than to a new address, if it intended to offload these coins. Arkham data shows that the coins in the fresh address remain untouched following the transfer. Meanwhile, it is worth noting that the company still holds 6,977 BTC ($827.41 million) in its recognized wallets. SpaceX first disclosed its Bitcoin holdings in 2021. This was around the same time that Elon Musk’s Tesla also announced it had purchased Bitcoin and was exploring the possibility of accepting BTC as a payment option. Arkham data shows that Tesla 11,509 BTC, worth around $1.37 billion. Tesla hasn’t moved any of its coins in the last nine months. Meanwhile, the company also ranks as the 10th largest public Bitcoin treasury, according to BitcoinTreasuries’ data. Musk’s Belief In Bitcoin Is Growing Elon Musk’s belief in Bitcoin’s potential as a hedge looks to be growing, which again makes it unlikely that SpaceX is looking to offload its coins with its recent transfer. Earlier this month, the world’s richest man confirmed that his America Party will embrace Bitcoin as “fiat is hopeless.” He made this comment amid the passing of the Big Beautiful Bill, which increases government spending and is bullish for BTC since it has a limited supply compared to the dollar. Elon Musk had also allegedly liked a comment made by a crypto community member about the world’s richest man possibly stacking Bitcoin, given the government’s impending money printing. This suggests that Musk may indeed be looking to invest heavily in Bitcoin. BTC maximalist Max Keiser also opined that Musk would soon be a maximalist himself. At the time of writing, the Bitcoin price is trading at around $18,600, up in the last 24 hours, according to data from CoinMarketCap.

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To curb foreign crypto exposure, South Korea’s Financial Supervisory Service (FSS) has urged local asset managers to limit ETF holdings in stocks like Coinbase and Strategy. As per a local publication’s report published on 23 July 2025, the FSS stated through its directive that the involved parties must adhere to the 2017 administrative guideline on virtual currencies, which remains in effect. An FSS official was quoted by the publication stating, “Recently, there has been a trend of deregulation related to virtual assets in the U.S. and Korea, but there have been no specific laws or guidelines established yet.” “This means that existing guidelines should be followed until the new system is complete,” the official concluded. Furthermore, the FSS’s directive also includes rules that prohibit financial institutions from holding, investing in, or accepting virtual assets as collateral. Regulators in the region have prohibited corporate transactions of virtual currency in South Korea since 2017. At the time of the rule’s passing, concerns over money laundering drove the government’s decision, particularly in regards to the heightened risk associated with corporate trading as opposed to retail trading of cryptocurrencies. An official said, “Although both US and Korean regulators are showing signs of easing crypto rules, no concrete laws or guidelines have been implemented.” The guideline follows an increased regulatory freedom shown by South Korean regulators in recent times. Just a couple of weeks ago, South Korea’s Ministry of SMEs and startups proposed to lift restrictions that kept crypto firms from getting tax breaks and other support initiatives. Explore: Best Meme Coin ICOs to Invest in July 2025 Domestic ETF Limits Questioned Amid Rising Foreign Crypto Exposure The FSS issued its guidance amid growing concerns regarding an increased presence of “coin-themed stocks” such as crypto exchanges and mining firms with ETF portfolios. According to the report, in South Korea’s domestic listed ETFs, numerous products hold more than 10% of their portfolio in virtual asset-related stocks. Case in point, the Korea Investment Trust Management’s ACE US Stock Bestseller ETF holds around a 14.59% stake in Coinbase. Similarly, the KoACT US Nasdaq Growth Company Active ETF includes 7.44% in Coinbase and 6.04% in Strategy, bringing its total investment in virtual asset-related stocks to 13.48%. Industry leaders have pointed out that these ETFs passively mirror predefined indices. Furthermore, these are difficult to exclude without distorting index tracking. An industry insider noted in the report, “If stocks are arbitrarily excluded without changing the index, the gap rate could skyrocket.” “I understand the regulatory tone, but it is not easy to respond immediately,” he further added. Moreover, there is growing concern regarding the policy’s focus on domestic ETFs. Market participants have observed that local investors have continued to gain exposure to crypto equities through U.S.-listed ETFs. Another source was quoted by the publication, stating, “Restricting only Korean products won’t stem fund flows. Many are simply shifting to overseas vehicles, raising doubts about the policy’s real-world impact.” South Korean Exchanges Struggle To Break Into Big Leagues With the South Korean FSS issuing its advisory, posing challenges to international firms looking to operate in the region, its domestic players, too, are struggling to expand abroad. South Korea’s five major crypto exchanges continue to operate locally within the region despite stiff competition among them. Industry insiders indicate that the biggest hurdle is regulatory ambiguity. For years now, authorities have not devised clear rules to govern the global expansion of domestic crypto firms. Furthermore, banks have also reportedly refused to offer international remittance requests from virtual asset service providers that seek to establish bases outside South Korea, citing money laundering concerns. At the same time, South Korean investors face fewer pain points using global platforms such as Coinbase, which offers a more diverse service, such as derivatives. Dessislava Ianeva-Aubert, a senior research analyst at Kaiko, a crypto data tracker company, said, “Now, with regulated U.S. exchanges entering the perps (perpetual futures) space, Korean exchanges risk falling further behind unless domestic regulatory structures evolve, and they aggressively expand both their product suite and infrastructure to compete at a global level.” According to experts, the future of South Korean exchanges going global depends on the Korean authorities bringing virtual asset businesses under existing frameworks. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways South Korea’s FSS has urged local asset managers to limit ETF holdings in stocks like Coinbase and Strategy to curb foreign crypto exposure The FSS’s directive includes rules that prohibit financial institutions from holding, investing in, or accepting virtual assets as collateral Numerous products in South Korea’s domestic listed ETFs hold more than 10% of their portfolio in virtual asset-related stocks The post South Korea Urges Asset Managers to Reduce ETF Allocations to Coinbase, Strategy To Curb Foreign Crypto Exposure appeared first on 99Bitcoins.

The euro has edged lower on Wednesday after a three-day rally which saw the currency climb 1.4% against the US dollar. In the North American session, EUR/USD is trading at 1.1724, down 0.25% on the day. ECB projected to hold rates at 2.0% on Thursday The European Central Bank will announce its rate decision on Thursday and the money markets are widely expecting that the ECB will maintain the key deposit rate at 2.0%. The ECB has trimmed rates by a quarter-point for seven consecutive meetings. At the June meeting, ECB President Lagarde signaled that the central bank was nearing the end of its easing cycle, which began in June 2024 when the deposit rate stood at 4.05%. Inflation in the eurozone is largely contained. In June, headline CPI remained steady at 2.0%, the ECB's target, and core CPI was unchanged at 2.3%. These inflation levels would allow the ECB to continue lowering rates but ECB policymakers face the big unknown of President Trump's tariff policy, with no trade agreement yet between the US and the European Union. Trump has threatened the EU with 30% tariffs if no deal is reached by August 1. The EU has vowed to respond forcefully, saying it will impose a 30% tariff on a range of US goods if Trump makes good on his threat. That could set into motion retaliatory tariffs from the US and trigger an ugly trade war between two of the largest economies in the world. The US and Japan announced today that they had reached a trade deal and there is hope that the EU will follow suit. This would provide much needed clarity for the ECB and make it easier to forecast growth and inflation. EUR/USD Technical EUR/USD is testing support at 1.1731. Below, there is support at 1.1702There is resistance at 1.1784 and 1.1813 EURUSD 1-Day Chart, July 23, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Partnering with the world’s biggest football clubs, the Chiliz Group, the world’s leading blockchain technology provider for the sports industry, has teamed up with six top-tier Brazilian clubs to revolutionize the traditional culture of collecting cards. Following the announcement, Chiliz crypto has surged by +10% over the past seven days. The new collection, called “Cards do Futebol”, transforms classic player cards into original and exclusive digital collectibles, utilizing AI to generate unique, random combinations. There will only be one card with each possible combination of athlete photos. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Exclusive AI-generated NFT Card Collection For The Biggest Stars In Brazilian Football Each card will be generated by AI and illustrated with real photos of club players, categorized into three levels of rarity: common (six players per card), epic (four players), and legendary (three players). The images come from studio photos provided by the associations. No two cards will be alike, as players are randomly selected and combined at the time of minting. Cards can be sold, traded, or displayed on the Gotas Social marketplace, part of the growing Chiliz Chain ecosystem. Fans can mint up to one NFT per rarity per club every 24 hours and up to three cards per club daily, linked to the number of Fan Tokens held. A stake of 1,000 Fan Tokens allows minting in all three rarities, while a stake of 200 Fan Tokens permits minting in common and epic rarities. Almost 200 athletes are featured across six clubs in the campaign, including stars from Flamengo, Palmeiras, São Paulo, and Fluminense. (SOURCE) This campaign expands on Chiliz’s vision to be the number one in Web3 sports engagement and new digital economies. It utilizes AI to create unique, tradable items securely, transforming traditional collecting into a monetizable experience for fans. Chiliz crypto token, CHZ, has increased by nearly 10% over the past seven days, boosting its market cap to $435 million. According to CoinGecko, it is the 201st largest digital asset by market capitalization, with a daily trading volume of $38 million. CHZ investors will be hoping that this latest announcement, involving Brazilian soccer, can create a bullish uptrend on the token, as it is down 94% from its all-time high of $0.87, reached in March 2021. It is currently trading for around $0.045 and struggling to break through a significant resistance zone at $0.05. EXPLORE: Best Meme Coin ICOs to Invest in July Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Chiliz Crypto Up 10% This Week Following Launch Of AI Brazilian Soccer Collectible Cards appeared first on 99Bitcoins.

DigitalX Limited, an ASX-listed technology and investment company based in Australia, has announced a milestone in its journey as a leader in Bitcoin and crypto. Making Aussies Proud. The company, known for being the world’s first publicly listed blockchain technology firm, recently secured a $20.7 million strategic investment, solidifying its position in the market. This investment shows DigitalX’s commitment to its Bitcoin-first strategy. Ieva Guoga, Non-Executive Director, stated: This milestone reinforces our Bitcoin-first, Bitcoin-focused strategy. As one of the world’s first listed Bitcoin miners in 2014, DigitalX has been at the forefront of crypto innovation. Today, we’re leveraging that early leadership to set the institutional standard for Bitcoin exposure in Australia. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 DigitalX: From Early Bitcoin Miner to Australia’s Institutional Crypto Leader Founded in 2014, DigitalX began as one of the first listed BTC ▼-0.98% miners. Over the years, it has grown into a key player in digital asset management and blockchain technology. Now, the company focuses on providing institutional-grade Bitcoin exposure, serving high-net-worth individuals and institutional investors through its managed funds. The $20.7 million strategic investment marks a pivotal moment for DigitalX. While specific plans for the funds remain undisclosed, the investment aligns with the company’s Bitcoin-first approach. Following the announcement, DigitalX has actively increased its Bitcoin holdings, reinforcing its dedication to this strategy. In recent weeks, DigitalX has significantly expanded its Bitcoin portfolio. On July 14, it invested $19.7 million to acquire 109.3 BTC. Additional purchases followed, with 57.5 BTC added on July 18 and 74.7 BTC on July 23. The company now holds nearly 500 BTC, valued at over $100 million. BitcoinPriceMarket CapBTC$2.35T24h7d30d1yAll time DigitalX’s focus on Bitcoin is a growing trend among corporations, which view it as a valuable treasury asset. By prioritizing Bitcoin, DigitalX positions itself as a leader in Australia, much like Strategy in the U.S. With this milestone, DigitalX strengthens its pioneering role in the crypto space. As Australia’s digital asset landscape grows, DigitalX’s early expertise and proactive stance will stamp it as a standout Bitcoin company. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways DigitalX Limited, an ASX-listed technology and investment company based in Australia, has announced a milestone in its journey as a leader in Bitcoin and crypto. Making Aussies Proud. Founded in 2014, DigitalX began as one of the first listed Bitcoin miners. Over the years, it has grown into a key player in digital asset management and blockchain technology. The post DigitalX Raises $20.7 Million: The Company Cement Its Role as Australia’s Bitcoin Trailblazer appeared first on 99Bitcoins.

SPK is up 330% in three days as Spark draws billions in TVL. SPK rallied after the Ignition Airdrop, fanned by the Overdrive Phase and exchange listings. DeFi tokens are back in focus. While Hyperliquid and top Ethereum synthetics are trending, mirroring Ethereum’s stellar performance, attention is quickly shifting to Spark. DISCOVER: Best Meme Coin ICOs to Invest in 2025 SPK Crypto Rallying, Up 220% in 3 Days SPK, the governance token of Spark, is one of the best cryptos to buy now, gaining an impressive 220% in three days. This surge has pushed SPK3 (No data) to fresh all-time highs, extending gains from early July and breaking above June 2025 highs. At spot rates, the path of least resistance is northward. On the daily chart, SPK crypto soared to as high as $0.188 earlier today before retracing. SPK3PriceSPK324h7d30d1yAll time However, in the past 24 hours, SPK is up 80%, doubling from yesterday when prices peaked, outperforming top Solana meme coins. For now, the local support is at the June 2025 highs, and as long as this level holds, buyers will remain in control. SPK crypto could soar to new levels in the coming days. What is Spark Crypto? Spark is a DeFi protocol designed to optimize stablecoin yields. The platform aims to make DeFi more efficient through its array of products. SparkLend offers a stablecoin lending market where SPK holders vote on lending rates. The product is stabilized by the Spark Liquidity Layer (SLL), a solution that automates capital across multiple Ethereum layer-2s, including Optimism and Base. Simply put, SLL optimizes yield generation while ensuring SparkLend receives consistent liquidity. Besides lending, users can save through Spark Savings. They can deposit stablecoins, such as USDC and USDS, to earn competitive yields. Spark Savings can also integrate with other DeFi protocols. Spark operates as a “Sky Star,” a subDAO within the Sky Protocol, formerly MakerDAO. To benefit its holders, Spark leverages the Sky Protocol’s stablecoin reserve. As a result, the protocol can deploy capital efficiently across DeFi, CeFi, and real-world assets. Behind this ecosystem is SPK, primarily used for governance. Active holders, such as those participating in staking, can earn Spark Points for additional SPK rewards. DISCOVER: 13 Best Crypto Presales to Invest in July 2025 – Top Token Presales Why is SPK Crypto Rallying? The catalyst behind the recent surge was the completion of the Ignition Airdrop on June 17. Additionally, SPK crypto received a liquidity boost after being listed on major exchanges, including Coinbase and Binance. The rallying SPK prices attracted millions of traders across these platforms, eager to ride the upward wave, further fueling FOMO. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins SPK Crypto Up 220% in 3 Days: Why is Spark Rallying SPK crypto up 220% in three days SPK trading at fresh all-time highs Spark completed Ignition Airdrop Overdrive Phase ongoing The post Spark Crypto Rallying, SPK Up 220% in 3 Days: What’s Going On? appeared first on 99Bitcoins.

Gem Diamonds (LON: GEMD) has become the latest casualty in a deepening crisis engulfing the global diamond industry, announcing sweeping cost-cutting measures as the market buckles under falling prices and the growing popularity of lab-grown alternatives. The Africa-focused diamond producer reported a 43% drop in revenue to $44.7 million for the first half of its financial year. Carat sales fell 22% to 44,360, while the average price per carat plunged 26% to $1,008. In response, it said it would reduce operating costs by $1.4 million to $1.6 million per month and cut around 250 jobs, or 20% of its workforce, at its Letšeng mine in Lesotho. Executives have also taken voluntary salary reductions. “Considering the prolonged weakness in global diamond prices, compounded by a weak dollar and ongoing US tariff uncertainties, Gem has implemented decisive measures to conserve cash and protect shareholder value,” the company said. Despite meeting production targets, Gem Diamonds admitted it has not been shielded from sustained pressure on rough diamond prices and adverse currency movements. Investors reacted accordingly, with the company’s shares falling more than 20% in early trading on the London Stock Exchange. They partially rebound to 5.5 pence in late trading, valuing the company at £7.7 million ($10 million). Gem Diamonds’ measures mirrors those of its peers. just last week, Burgundy Diamond Mines (ASX: BDM) halted open pit operations at its Ekati mine in Canada’s Northwest Territories, triggering mass layoffs. All three operating diamond mines in the region — Ekati, Diavik and Gahcho Kué — are now facing eventual closure, with Diavik scheduled to close in 2026 and Gahcho Kué expected to cease operations by 2030. Ekati’s long-term future remains uncertain. Getting worse Signs of a worsening crisis in the diamond sector were already clear in the first three months of 2025. De Beers, the world’s largest producer by value, saw a 44% drop in revenue in Q1 and is sitting on $2 billion in unsold inventory. It plans to cut over 1,000 jobs at its Debswana joint venture in Botswana. Russia’s Alrosa, hampered by sanctions, reported a 77% plunge in profits and has halted production at key sites. Petra Diamonds (LON: PDL) is fighting to survive after a 30% drop in sales and the sudden departure of its CEO. Lucapa (ASX:LOM) entered voluntary administration in Australia, and Sierra Leone’s Koidu Limited shuttered operations and laid off more than 1,000 employees after losing $16 million to labour strikes. Even Lucara (TSX: LUC), which operates in both Botswana and Canada, has flagged a “going concern” risk despite hitting production records. All eyes are now on De Beers. Once synonymous with manufactured scarcity and aggressive branding, the company is up for sale. Parent company Anglo American (LON: AAL) has cut its valuation by $4.5 billion in just over a year, but no buyers have emerged.

Arthur Hayes has never been shy about big numbers, but his latest essay, Time Signature, frames those targets inside a sweeping macro thesis: a wartime‑style US credit boom that—if it unfolds as he expects—could send Bitcoin and crypto markets into their largest bubble yet. Writing on 22 July, the BitMEX co‑founder argues that financial markets, like dancers, must keep time with the “kick drum” of credit creation. “If we are out of time, we lose money,” he warns, before identifying the beat he believes traders must follow today: US wartime industrial policy, or what he bluntly calls a shift toward economic “fascism.” Hayes centres his argument on the Pentagon’s newly announced deal with MP Materials, under which the US Defense Department will become the miner’s largest shareholder, guarantee a floor price for critical rare‑earth elements at twice China’s current market rate, and back a $1 billion bank loan to build a Nevada processing plant. The structure, he writes, is the template for “QE 4 Poor People,” a credit‑multiplier that expands the money supply without formal Congressional approval. In his schematic example a single commercial‑bank loan to MP Materials “creates $1,000 of new fiat wampum,” then ripples outward as wages, deposits and discounted Treasury borrowing. “The money multiplier is > 1, and this wartime production leads to an increase in economic activity, which is accounted for as ‘growth,’” Hayes observes. The result, he says, is inevitable inflation, yet also “government‑guaranteed profits” for banks and industry. Why Bitcoin And Crypto Is The Bubble Of Choice Hayes’ historical analogy is China’s 1990s–2020s property boom, where a five‑thousand‑percent expansion of M2 forced households into apartments, inflating land values and local‑government coffers. In the United States, he contends, the socially acceptable pressure valve will be digital assets. Two policy shifts underpin that call. First, retirement plans—an $8.7 trillion pool—may now allocate to crypto under a recent executive order. Second, the Trump campaign’s floated proposal to eliminate capital‑gains tax on digital assets could, in Hayes’ words, provide “insane war‑driven credit growth” with “no fucking taxes.” The broader attraction for politicians, he claims, is demographic: younger and more diverse investors own crypto in greater proportions than they own equities, so a bull market would “create a broader, more diverse set of people who are pleased with the ruling party’s economic platform.” Even a credit‑fuelled boom must find an audience for the mounting federal deficit. Hayes’ solution is the stablecoin sector, which already places most of its assets under custody in US Treasury bills. On-chain data, he notes, suggest that roughly nine cents of every new dollar in total crypto market value migrates into stablecoins. “Let’s assume that Trump propels the total crypto market cap to $100 trillion by 2028,” he writes; “that would create roughly $9 trillion in T‑bill purchasing power.” The mechanism recalls World War II financing, when the Treasury skewed issuance toward short‑term bills. In Hayes’ view, a self‑reinforcing loop emerges: wartime procurement fuels credit expansion, higher credit lifts crypto, larger crypto capitalization feeds stablecoin demand for T‑bills, and those purchases backstop further deficits. Trading Tactics—And The Year‑End Call Against that macro backdrop Hayes declares his investment vehicle, Maelstrom, “fully invested,” and explains why: “It’s pretty simple: Maelstrom is fully invested. Because we are degens, the shitcoin space offers amazing opportunities to outperform Bitcoin, the crypto reserve asset. […] Ether has been the most hated large-cap crypto. No more; the Western institutional investor class, whose chief cheerleader is Tom Lee, loves Ether. Buy first, ask questions later.” His numerical convictions are explicit: Bitcoin $250,000 and Ether $10,000 by 31 December 2025. The Western credit geyser is, he writes, “about to tear the market a new asshole.” Yet he repeatedly reminds readers that these are personal views, not investment advice. At press time, Bitcoin traded at $118,368.

Glencore (LON: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit from upstream copper production in Australia. The closure, first announced in October 2023, includes the Mount Isa copper mines and associated operations, including smelters and concentrators. Initial estimates put job losses at more than 1,200, but Glencore revised that figure in April to around 500, citing progress in workforce redeployment. “We are also actively working to redeploy as many people as possible over the coming months,” Sam Strohmayr, chief operating officer for Glencore’s Australian zinc and copper assets said at the time. An internal memo circulated this week by Glencore Australia’s metal business interim chief operating officer Troy Wilson, confirmed the company is nearing a financial breaking point with its processing operations and needs swift government intervention. Glencore is considering shutting down the nearby copper smelter and Townsville refinery and may offer governments an equity stake to keep them running. “Glencore is now urgently seeking details from the federal government on their proposed national smelting/refining strategy,” Wilson wrote according to The Townsville Bulletin. For months, the Swiss company has lobbied both state and federal governments for support to keep the smelter operating, which processes third-party ore from companies including BHP. But Suresh Vadnagra, a senior Glencore executive, said the Queensland government’s latest proposal falls short. “Time is running out, he told The Australian. “We need to know whether there is a viable solution on the table from governments or whether we start planning to transition the copper smelter and refinery to care and maintenance.” Vadnagra outlined three possible paths: direct government support to close the economic gap, a joint venture with Glencore, or a shutdown until market conditions improve. Not subsidising dividend Queensland Minister for Natural Resources and Mines Dale Last defended the state’s position. “The Queensland Government has put a genuine and responsible offer on the table to help secure the future of the Mount Isa copper smelter and Townsville refinery,” he told Bloomberg News, adding that a federal response was also required. Last emphasized that the state would not be “writing a blank cheque for a multinational company that returned $2.2 billion to its shareholders just months ago.” Wilson said in June there was “no longer a level playing field” with China, pointing to significant subsidies for Chinese smelters. Glencore expects to make a final decision on the smelter by the end of September. The Mount Isa smelter currently processes over one million tonnes of concentrate annually from across Australia. Its potential closure reflects a wider crisis in the sector. Despite a strong long-term outlook for copper, Western smelters—many of them Glencore-owned—are under pressure from plummeting treatment and refining charges, ore shortages and relentless competition from Chinese facilities. The memo to workers comes on the heels of Glencore’s decision to sell its Lady Loretta zinc mine and associated landholdings to Austral Resources Australia (ASX: AR1) earlier this week.

Ethereum is currently consolidating between $3,600 and $3,850 after an explosive rally that saw the second-largest cryptocurrency surge more than 80% since late June. Despite the brief pause in upward momentum, ETH remains in a strong technical position, holding above key support and showing signs of sustained bullish control. This period of sideways action could be a healthy reset, allowing the market to absorb recent gains before initiating the next leg up. What’s fueling the optimism is not just price action, but a supportive macro and regulatory environment. Ethereum fundamentals continue to strengthen, with rising on-chain activity, institutional interest, and long-term holders accumulating. Adding to the bullish case is the growing legal clarity in the US, which is creating a more stable environment for crypto innovation and investment. As regulatory fog lifts, many investors now believe that Ethereum could lead the charge into what some analysts are calling the beginning of an altseason. Ethereum Transactions Surge As Adoption And Momentum Accelerate Ethereum is showing strong signs of renewed momentum as key network activity hits levels not seen in years. According to data from The Block, Ethereum daily transactions just reached a multi-year high of 1,510,000—the highest since 2021. This surge points to rising adoption across the network, with increased activity from both retail and institutional participants. Analysts suggest that this spike in transaction volume is more than a temporary trend; it may signal the beginning of a much larger phase in Ethereum’s growth cycle. The renewed activity aligns with broader market movements and increasing confidence in Ethereum’s long-term value. Institutional players are beginning to accumulate ETH, while smart money continues to position for upside. These inflows come at a time when Ethereum is consolidating just below major resistance levels, offering what many see as a key entry zone ahead of further price appreciation. Notably, Ethereum is now outperforming Bitcoin and much of the broader crypto market. This relative strength is significant, as ETH often leads the altcoin market during bullish phases. As the cycle progresses, Ethereum’s combination of strong fundamentals, rising utility, and institutional adoption is making a compelling case for continued growth. Ethereum Holds Above Support After Rally, Eyes Next Breakout Ethereum (ETH) continues to trade within a key range following a strong rally that pushed the price from below $2,500 to over $3,750 in just a few weeks. As of today, ETH is consolidating around $3,660 after being rejected near $3,742—a major resistance level seen since early 2024. The current weekly candle shows a long upper wick, indicating profit-taking at the top of the range, but price remains supported above the critical $2,852 level, now acting as a flipped support. The rising volume seen during the recent breakout suggests strong participation from buyers, and price action remains bullish as long as ETH holds above its key moving averages. The 50, 100, and 200-week SMAs are all aligned below current price levels, providing structural support and reinforcing the bullish trend. Traders are now closely watching for a decisive breakout above the $3,742 zone. If ETH clears that resistance, the next logical targets lie in the $4,000–$4,200 range. On the downside, a breakdown below $2,850 would invalidate the recent breakout structure. Featured image from Dall-E, chart from TradingView

The U.S. Department of Justice (DoJ) has officially dropped its investigation into Jesse Powell, co-founder of Kraken, following allegations of hacking a nonprofit organization. The case, unrelated to Kraken’s operations, concluded without charges, with Powell’s seized devices returned earlier this year. The probe, which began in 2023, centered on claims Powell hacked Verge Center for the Arts, a Sacramento nonprofit he co-founded. The DoJ’s decision, finalized in April 2024, was confirmed in June, allowing Powell to pursue legal remedies against accusers. Investigation Timeline and Allegations of US Kraken Co-Founder The investigation into Jesse Powell began in 2023 after the Verge Center for the Arts, a nonprofit he co-founded, accused him of hacking its computer system. Powell had been removed from Verge’s board in 2022 following a management dispute, and the nonprofit alleged he blocked employee access to emails, websites, and internal communication tools. DISCOVER: 20+ Next Crypto to Explode in 2025 The legal battle underscores the complex intersection of personal disputes and professional reputation in the crypto sector. Powell claims the allegations hurt his reputation during a period of intense crypto growth. With BTC ▼-0.98% prices surging from around $23,000 in 2023 to approximately $120,000 in mid-2025, Powell’s ability to focus on business operations has been essential for Kraken’s ongoing success. Looking forward, Powell plans to continue legal actions against Verge board members to prove the accusations were false. The dropped investigation clears him of any criminal suspicions. It also gives him momentum to rebuild public trust and strengthen Kraken’s reputation. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways DoJ dropped the case against the U.S. Kraken founder. Jesse Powell continues with defamation against Verge. The post US DoJ Drops Investigation Into Kraken Founder Jesse Powell appeared first on 99Bitcoins.

Overview: The US has struck a trade deal with Japan, Indonesia, and the Philippines and Treasury Secretary Bessent has suggested the August 12 end of the US-China tariff truce will likely be extended next week. The dollar bloc leads the G10 currencies higher amid some creeping optimism, while the euro is the laggard, off about 0.20%. The yen is hovering around little changed levels in what has been a choppy session. Most emerging market currencies are firmer against the dollar. The exception is a handful of central European currencies, which appear to have been dragged lower by the heavier euro. Equities like the developments. The Nikkei rallied 3.5% and Chinese mainland companies that trade in Hong Kong jumped 1.8%. Indonesian and Philippine equities rose more than 1%. Europe's Stoxx 600 is up about 1.2% to an eight-day high. US S&P 500 futures are almost 0.5% better, while NASDAQ futures are up marginally. Bond markets are heavy. The 10-year JGB yield rose 7 bp to almost 1.58%. Benchmark 10-year yields in Europe are up most 2-3 bp but the 10-year Gilt yield is up five. The 10-year US Treasury yield is poised to snap a five-day decline. The yield is up three basis points to 4.37% ahead of the $13 bln sale of 20-year bonds today, a tenor with which the market is not enamored. Gold is virtually flat, holding near the highs, with a three-day rally in tow. September WTI is inside yesterday's range and is straddling the $65-a-barrel level. It has not settled below there since July 1. USD: The Dollar Index fell for the third consecutive session yesterday and for a cumulative loss of about 1.4%. The pullback met the (61.8%) retracement of the gains from the July 1 low near 97.35. It is in a narrow range today in yesterday's trough and has held below 97.60. There may be some support near 97.00 but the price action gives credence to ideas that the upside correction in the first half of month is exhausted. The more-than-three-year low set July 1 was around 96.35. We do not think it is coincidental that the US rates have pulled back. The US 10-year yield fell for the fifth consecutive session yesterday and is off 25 bp over the run. The two-year yield fell for the third day yesterday and down 7-8 bp over the drop. The light economic calendar continues today with June existing home sales. They are essentially flat this year at an average seasonally adjusted annual pace of 4.08 mln. In the first five months of 2024, the average was 4.11 mln. It seems almost surreal that with the various conflict of interests of the Trump administration that the President continues to make allusions to the possibility of fraud involved with the remodeling of the Federal Reserve buildings. In Trump's first term, reports indicated that his team encouraged the Fed to drop its less-expensive glass structure design and insisted on more expensive white marble. In the same way Trump did not remember that he had appointed Powell as chair (recall Yellen was "too short"), it has been conveniently left out of the administration and allies' narratives. EURO: The euro settled higher yesterday, extending its recovery for the third consecutive session and surpassing the (61.8%) retracement objective of the dollar from the July 1 high near $1.1830. That retracement weas found near $1.1725 and the euro's high around $1.1760. It is in roughly $1.1725-$1.1755 range today in what appears to be bullish consolidation. While there are no economic reports today, the calendar turns busy tomorrow with the preliminary PMI, which is expected to have edged higher, and the ECB meeting that is expected to stand pat. After dipping below 50 last November and December, the composite PMI has held above it this year. Next week, the first estimate of Q2 GDP will be reported. After growing 0.6% in Q1 25, the eurozone economy may have contracted by 0.1% in Q2, according to the median forecast in Bloomberg's survey. CNY: The dollar has been sold through support that had been built slightly below CNH7.17 in recent days. It has fallen to almost CNH7.1570 today, a nearly three-week low. The low for the year was set July 1 near CNH7.15. Today is the fifth consecutive session that the greenback recorded lower highs. The dollar's losses may have been fanned by the PBOC set the dollar's reference rate at another new low for the year. The PBOC set the dollar's reference rate at CNY.7.1414 (CNY7.1460 yesterday). Last Wednesday, the fix was at CNY7.1526. The US-China tariff truce runs until August 12, but US Treasury Secretary Bessent opined that the truce may be extended after next week's US-China meeting in Sweden. Some linked the comments to the rally in mainland shares that trade in Hong Kong (1.8% to a four-year high close). JPY: President Trump announced a deal with Japan that would lower the reciprocal tariff on to 15% from 25% and a 12.5% tariff on auto (down from 25%). Japan commits to investing $550 bln in the US and buy more US cars, trucks, rice, other agriculture products, and establish a joint venture to export LNG from Alaska. There were two other developments to note. First, with a deal in hand, there were reports that Prime Minister Ishiba was going to step down shortly, which his office later denied. Still, as we noted yesterday, the pattern is for a prime minister that lost the majority in the upper house to step down within two months, though the sample size is small. Second, the sale of the 40-year JGB was greeted with the weakest demand since 2011. The 40-year bond yield rose 8 bp to 3.46% today. The US trade deal raised the possibility of more spending. The dollar rose yesterday in the Asia Pacific session against the yen and reached almost JPY148. However, European and North American participants took advantage of the upticks to sell more dollars. A low of almost JPY146.30 was recorded in North American turnover. The dollar fell to JPY146.20 today, recovered to JPY147.20 before pulling back to the JPY146.60 area. The dollar overshot the (38.2%) retracement objective of the rally from the July 1 low (~JPY142.70) and the next retracement (50%) is slightly below JPY146, where options for about $735 mln expire today. The 20-day moving average is a bit above it (~JPY146.25) and rising. The daily momentum indicators are turning lower. GBP: With a light economic calendar today, sterling seems at the mercy of the broader movement of the greenback. Yesterday, it rose above $1.3525, which corresponds to the (38.2%) retracement of sterling's decline from the July 1 high near $1.3790. It reached almost $1.3550 today. The next retracement (50%) is slightly above $1.3575, which is also around where the 20-day moving average is (~$1.3565). UK Gilts underperformed initially yesterday after the larger-than-expected deficit was reported, but by the end of the session, 10-year yields were off almost 3.5 bp, to lead the region. Among major bonds markets, only the US 10-year yield fell more. However, today, yields are rising, and the 10-year UK Gilt yield's five basis point rise is the most in Europe. CAD: The US dollar fell by about 0.5% against the Canadian dollar yesterday. It was the largest decline this month. It fell to almost CAD1.3600, a two-week low. Recall that it put the month's high last Thursday near CAD1.3775 The greenback's losses have been extended to almost CAD1.3580 today. The next immediate target is the low from July 3 (~CAD1.3555) and the low for the year set mid-June around CAD1.3540. Canada reports May retail sales tomorrow. The advanced estimate by StatsCan warns of a1.1% decline, which, if confirmed, would be the largest of the year. Autos and parts sales account for around a quarter of Canada's retail sales and a pullback after April purchases, ostensibly to front-run tariffs, are likely to have weighed on May retail sales. Domestic demand is softening, and excluding autos, retail sales may have fallen for the third consecutive month. AUD: The Australian dollar rose for the third consecutive session and settled above the $0.6540 level that seemed to have blocked the upside in recent days. It corresponds to the (61.8%) retracement of the pullback fro85 today. m the July 11 high for the year (~$0.6595). The Aussie reached almost $0.6560 yesterday and about $0.6585 today. Options for almost A$405 mln at $0.6580 expire today. The futures market has a quarter-point cut fully discounted for next month and has about 66 bp of cuts priced in between now and the end of the year. The flash July PMI is out tomorrow. In June, the composite was at 51.6, which matches the high for the year and the best since last August. MXN: The dollar ground lower against the peso for the third straight session and approached the year's low recorded earlier this month near MXN18.5525. The greenback reached its low near midday in NY yesterday (~MXN18.5865). But as the dollar pared its earlier losses more broadly, it recovered to around MXN18.66 in late dealings. News that Mexico's retail sales surged 1.8% in May (median forecast in Bloomberg's survey was for a 0.4% increase) may have helped extend the early peso gains. The April series was revised to show a 1.4% decline instead of a 1% drop. Nevertheless, the IGAE activity report, like a monthly GDP report, was weaker than expected (at 0.01% instead of up 0.2%, and the April series was revised lower (0.43% vs. 0.54%). The dollar is in an exceptionally narrow range so far today (~MXN18.63-MXN18.67). The central bank meets on August 7, and the market is looking for it to stand pat. Mexico report H1 July CPI tomorrow. The year-over-year headline pace looks likely to have declined for the third consecutive bi-weekly period. The median forecast in Bloomberg's survey sees the first sub-4% reading since the end of April. Disclaimer

European Open - US/EU Trade Deal Hopes Rise European stocks rose over 1% on Wednesday, driven by gains in carmaker shares, after US President Trump raised hopes for a trade deal with the EU following an agreement with Japan. The STOXX 600 index climbed 1.1% to 550.14 after three days of losses, while the UK’s FTSE 100 hit a record high, rising 0.5%. France’s CAC 40 led the gains, jumping 1.3%. Automobile stocks surged 3.6%, with companies like Mercedes-Benz, Volkswagen, and Porsche seeing increases of 5.1% to 7.4%, boosted by strong performance in Asia. Trump’s trade deal with Japan reduced U.S. auto import tariffs from 25% to 15% and included $550 billion in US-bound investments and loans. This also improved the chances of an EU-US trade deal, as EU representatives were set to begin negotiations on Wednesday. In the STOXX 600, Temenos saw the biggest gain, jumping 18.1% after raising its full-year earnings forecast. UniCredit rose 3.4% as the Italian bank reported better-than-expected profits and improved its yearly outlook. Swiss company Lonza also gained 6.3% after beating profit expectations. On the downside, Nokia dropped 7.7% after lowering its 2025 profit forecast, putting pressure on media stocks. ASM International fell 9.3%, the biggest drop in the index, due to disappointing second-quarter bookings. SAP slipped 2.5% despite reporting higher profits, helped by cost cuts and strong demand. Overall, European corporate earnings forecasts showed slight improvement on Tuesday. On the FX front, the yen initially strengthened to 146.20 per dollar, its highest since July 11, after trade news. However, it later fell following reports that Ishiba plans to step down next month after losing an upper house election, something Ishiba has since denied. The US dollar has been weak since Trump announced tariffs in April but has stabilized somewhat this month as those tariffs were paused for negotiations. The euro dipped 0.1% to 1.1744 but stayed close to its four-year high from earlier this month. The British pound rose slightly to 1.1354. The Australian dollar gained 0.4% to $0.6581, helped by optimism from the trade deal and higher metal prices, though caution remains. Currency Power Balance Source: OANDA Labs Gold prices have continued their rise this morning despite the improvement in sentiment. Another factor highlighting the ongoing concerns from market participants around potential trade deals yet to be announced. Gold was last trading around around the $3330/oz handle. How are Companies Responding to US Tariffs? Given that Earnings season is now in full flow, Reuters have been tracking company responses to tariffs. As of July 23, Reuters has counted around 279 companies worldwide that have reacted to tariffs in some way or form. The estimated costs to the companies stood at over $34 billion dollars as of the end of May. The tally by Reuters is based on various sources and statements from company officials and includes analysis of financial reports and interviews as well. Source: LSEG Central Banks have been cautious and have no doubt been keeping an eye on these increases as the idea is that this will be passed down to consumers once the August deadline has passed. This in turn could have implications for inflation moving forward and increase the cost of living for citizens across the globe. Economic Data Releases and Final Thoughts Looking at the economic calendar, it is a quiet day in terms of data releases with EU consumer confidence flash data due later in the day. However, earnings season brings some big names after the market closes today. Among the big names reporting will be Alphabet (Google), Tesla, T-Mobile and IBM. This will be the first glance for market participants from the mag 7 stocks which could stoke some interesting market reactions depending on the release. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 Index From a technical standpoint, the FTSE 100 index is pushing higher now within touching distance of the 9100 handle. Improved trade deal sentiment and the impressive rally on Wall Street could be the driving force. The FTSE is now in overbought territory and this may be something worth monitoring moving forward. Immediate support rests at 9048 before the 9000 handle comes into focus. The upside does not have any historical data to focus on and thus i will look toward psychological numbers like 9250 and potentially 9500. FTSE 100 Daily Chart, July 23. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Japanese yen has run out of steam after a two-day mini rally, in which it gained 1% against the US dollar. In the European session, USD/JPY is trading at 146.65, up 0.05% on the day. Ishiba set to resign Major developments continue to come out of Japan on a daily basis. Prime Minister Ishiba is apparently set to resign his post in August, only a day after declaring he would remain in office. Ishiba had said that he would complete the trade deal with the US before stepping down and with the deal just signed, Ishiba can hand over the reins. Ishiba's coalition failed to secure a majority in the upper house of parliament in the Sunday election. The government is not in danger of falling but will have to work with the opposition in order to pass legislation. US-Japan reach trade deal There was a breakthrough in the tariff saga as the US and Japan announced that they have reached a trade deal. The agreement subjects Japanese goods, including automobiles, to a 15% tariff. Japan has also agreed to invest $550 billion in the US and increase purchases of US rice. The Bank of Japan reacted positively to the trade agreement announcement. Deputy Governor Shinichi Uchida called the deal a "big major breakthrough" and said that uncertainty from the tariffs had eased, which would make it easier for the BoJ to increase interest rates. The BoJ is expected to raise rates before the end of the year but the money markets don't expect a hike at the July 31 meeting. The decision is unlikely to be a surprise but investors will comb through the updated quarterly economic forecast. The Bank has maintained rates for four consecutive meetings after hiking rates to 0.50% in January. USD/JPY Technical USD/JPY has pushed above resistance at 146.87 and 147.13. Above, there is resistance at 147.48146.52 and 146.26 are the next support levels USDJPY 4-Hour Chart, July 23, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

When I was a little kid, I thought a 401 (k) meant you had $401,000 saved away by the time you turned 40. Talk about a miscalculation, huh? Well, I wasn’t alone: 63 percent of working Americans with access to 401k data don’t understand how they work and don’t invest in one. What sets finance apart from other fields is that it is one of the few arenas where experts and novices compete on equal footing. If you don’t want to end up a statistic here’s what you should know. “Investing favors the dispassionate. Markets efficiently separate emotional investors from their money.” — Naval Ravikant 20 Years-old: Median Net Worth:$0 or less If you’re a student or battling with student debt, it’s almost certain that your net worth is lower than the average person’s, and that’s normal. So ask yourself: Is the American college system really that much of a scam? Yes. You can still make the most of college, and it’s still a good idea if you want a specific job, yet the vast majority will work at Starbucks. Or live at home in their 30s. (Great idea, America, to burden your youngest generation with the most debt!) Actions to take in your 20s are to first know thyself. What are your goals in finance and in life? How do you want to achieve them? How long do you want to invest for? And what kind of investor are you? Second, build good credit by paying off your student loans on time and not borrowing more than you need. Don’t finance a slice of pizza on Klarna (or at least don’t do it every day). Lastly, remember you are never too late. Eight years ago, I started investing at age 21, and people said a recession was just around the corner. BTC ▼-0.98% is up 1,119.88% 30 Years-Old: Median Net Worth: Less than $35,000 This is a necessary time to point out: don’t compare yourself to anyone but yourself. These are just metrics to help guide your progress. At this age, we recommend staying out of debt. As someone who’s been in debt, it’s like drowning in an ocean of numbers. Actions to take are to maximize the amount of money matched in your 401(k) if your job offers it. A 401k is a tax-advantaged retirement account in which your employer will match a certain percentage of your contributions up to a maximum amount per year; moreover you can have your 401k payout in Bitcoin. Next, ask yourself: “Is it true that rich people don’t pay taxes?” Yes. Rich people don’t pay taxes by moving to Costa Rica for 180 days or having a Roth IRA. A Roth IRA is a retirement account where you pay taxes upfront, and the money grows tax-free. Lastly, don’t save, invest. Bitcoin, Ethereum, tech stocks, and AI are all set to change the world by 2030. Don’t miss out (nfa). 40-Year-olds and 50-Year-olds+: Median Net Worth: $91,300 Compound interest is the sneaky force that feeds on itself, growing with each passing moment. Around this age, many people will see compound interest kick in. Pro Tip: Despite some ups and downs, holding your investments usually pays off in the end. So, before investing in something ask yourself does this have long-term value? Warren Buffett’s wealth skyrocketed by a staggering 99.7% after he turned 52. Brace yourself for an entertaining chart: Investing is only PART of your life. Don’t worship money like a golden calf. But recognize its importance and be smart with it. Don’t wait until it’s too late to learn that. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways If you’re a student or battling with student debt, it’s almost certain that your net worth is lower than the average person’s. Compound interest is the sneaky force that feeds on itself, growing with each passing moment. The post How Much Money You Should Save in 2025, New 401k Data (Amount by Age) appeared first on 99Bitcoins.

Stablecoin supply rose to $252 billion in H1 2025, driven by USDT, USDC, and PYUSD growth. Supportive regulations, including the GENIUS Act and MiCA, are fueling adoption. Stablecoins are undeniably the cornerstone of not only the crypto ecosystem but also the global financial system. Over the years, stablecoins, both fiat-pegged and algorithmic, have processed trillions of dollars, funneling billions to some of the best cryptos to buy. As of July 23, 2025, Coingecko data shows the total market cap of all stablecoins topped $268 billion. USDT remains the largest, with a market cap of $162 billion, generating over $143 billion in trading volume in the past 24 hours. USDC is in second, with a market cap of $64 billion and nearly $8 billion in daily trading volume. Other notable stablecoins include USDS and USDE by Ethena. (Source: Coingecko) DISCOVER: 20+ Next Crypto to Explode in 2025 USDT, USDC, PYUSD Boom: Supply Exceeds $252 Billion in H1 2025 A CertiK Skynet report found that in H1 2025, the total stablecoin supply grew from $204 billion to $252 billion. With increasing supply, the stablecoin monthly settlement volumes reached $1.39 trillion, channeling capital to some of the hottest crypto presales to buy. USDT is still dominant, particularly on Tron. Tronscan data shows that over $81 billion of USDT is in circulation on TRX ▲0.82%, with more than 67.9 million USDT holders making over 2.3 million transfers in the past 24 hours, generating over $152 billion in trading volume, up nearly 7%. (Source: TronScan) CertiK notes that USDC is closing the gap in second place, bolstered by its MiCA license and a highly successful IPO. In H1 2025, USDC’s supply increased to $61 billion. Meanwhile, PayPal’s PYUSD is gaining traction, driven by its integration on Solana, which doubled its float, and a 3.7% reward program that has solidified its market position. Ripple’s RLUSD, focused on institutional use, has also increased its market share. CertiK highlights RLUSD’s perfect security record, supported by continuous audits, as a key differentiator. Stablecoin Boom Driven by Supportive Regulations Stablecoin supply will only grow, even breaking above the $1 trillion level in the coming years. In H1 2025, the United States took steps to regulate stablecoins by passing the GENIUS Act, which Donald Trump signed into law last week. The Act mandates that issuers be chartered by the OCC or affiliated with banks, maintain 1:1 reserves in cash or Treasury bills, and provide monthly attestations for transparency. These measures aim to protect consumers, ensure financial stability, and foster innovation. In Europe, the enforcement of the MiCA regulation by June 2025 marks a significant step forward. Under MiCA, stablecoins are classified as Asset-Referenced Tokens (ARTs) or e-Money Tokens (EMTs). Issuers must hold an EMI license and maintain full reserves, complying with real-time attestation and audit standards. Non-compliant stablecoins like USDT and EURT were delisted from European crypto exchanges, prompting Tether Holdings to exit the Euro stablecoin market and invest in compliant issuers like StablR, which issues EURR and USDR. DISCOVER: 13 Best Crypto Presales to Invest in July 2025 – Top Token Presales USDT, USDC Stablecoin Market Soars to $252B in H1 2025 Stablecoin supply jumps 23.5% to $252 billion in H1 2025, per CertiK Skynet USDT dominates with $162 billion market cap USDC grows to $61B, boosted by MiCA license and NYSE-listed CIRCL stock GENIUS Act and MiCA regulations drive stablecoin adoption globally The post Stablecoin Market Explodes in H1 2025: Supply Jumps to $252 Billion appeared first on 99Bitcoins.

A sudden surge of institutional and corporate interest in Ethereum (ETH) is setting the stage for what Bitwise Asset Management’s chief investment officer Matt Hougan calls a “structural imbalance” between supply and demand—one that could propel prices well beyond the cryptocurrency’s already‑rapid ascent this year. In a memo circulated to clients on 22 July 2025, Hougan noted that Ether has climbed more than 65 percent in the past month and over 160 percent since April. The rally, he argues, is being driven not by sentiment alone but by a dramatic mismatch between the amount of Ether produced by the network and the quantities now being absorbed by exchange‑traded products (ETPs) and newly formed “ETH treasury” corporations. Ethereum Demand Shock Is Inevitable “Sometimes it really is that simple,” Hougan wrote, echoing his long‑standing thesis that, in the short run, asset prices are dictated primarily by flows. He drew a direct parallel to bitcoin’s explosive performance following the launch of U.S. spot bitcoin ETPs in January 2024, when “ETPs, corporations, and governments acquired more than 1.5 million bitcoin, while the Bitcoin blockchain produced just over 300,000.” The same dynamic, he contends, has finally taken hold in the Ether market—only more forcefully. Between 15 May and 20 July, spot Ether ETPs attracted more than $5 billion in net inflows, while a handful of publicly traded companies began stockpiling the token as a primary treasury asset. Among the most aggressive buyers: Bitmine Immersion Technologies (BMNR) accumulated 300,657 ETH—about $1.13 billion at current prices—and declared an ambition “of obtaining 5 percent of all ETH supply.” SharpLink Gaming (SBET) purchased 280,706 ETH ($1.06 billion) and disclosed plans to raise an additional $6 billion for future acquisitions. Bit Digital (BTBT) liquidated its bitcoin reserves after raising $170 million, redirecting the proceeds to more than 100,000 ETH (roughly $375 million). The Ether Machine (DYNX) outlined an initial public offering built around a $1.6 billion Ether treasury. In aggregate, ETPs and public companies bought approximately 2.83 million Ether—valued at north of $10 billion—during the nine‑week stretch. Over the same period, the Ethereum network created only about 88,000 ETH in new issuance, a ratio of demand to supply that Hougan calculates at 32 to 1. “No wonder the price of ETH has soared,” he observed. Whether that pressure continues is now the central question for investors. Hougan’s answer is an unequivocal yes. He points out that, even after the recent buying spree, Ether remains under‑owned relative to bitcoin in the ETP market: Ether funds control less than 12 percent of the assets held by bitcoin ETPs, despite ETH’s market capitalisation standing at roughly one‑fifth of BTC’s. “With all the excitement surrounding stablecoins and tokenization—which are primarily built on Ethereum—we think that will change,” he said, predicting billions of dollars in additional inflows “in the next few months.” Meanwhile, the economics of listed “crypto treasury” firms appear to be self‑reinforcing. Shares of BMNR and SBET each trade at nearly twice the net value of the Ether they hold, a premium that incentivises management teams to issue equity, raise capital, and purchase still more ETH. “As long as that remains true, you can bet Wall Street firms will funnel money into more ETH purchases,” Hougan wrote. Bitwise projects that ETPs and treasury companies could absorb as much as $20 billion worth of Ether—around 5.33 million coins at present prices—over the coming year. The protocol’s issuance schedule, by contrast, is expected to add only about 800,000 ETH to circulation during the same window, implying a 7‑to‑1 imbalance. “That’s an even higher ratio than we’ve seen for Bitcoin since the spot ETPs launched,” Hougan said. Sceptics often argue that Ether’s long‑term supply is not capped in the way bitcoin’s is, and that its valuation hinges on factors beyond simple scarcity, such as network usage and transaction fees. Hougan does not dispute those points but insists they are secondary in the near term. “In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply,” he concluded. At press time, ETH traded at $3,703.