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BNB, the native cryptocurrency of BNB Chain, crossed the $800 level in early Asian trading on Wednesday to set a new all-time high of $801. The surge came after a 5% increase over the last 24 hours and a 13% gain in the last week, taking BNB’s market capitalization to over $110 billion. Currently, it ranks as the fifth-largest cryptocurrency by market capitalization. Spike In Volume And Derivatives Trading Volume trading around BNB has increased strongly. According to Coinglass data, daily volume rose over 40% to over $3 billion. Derivatives volume surged 31% to $2.18 billion, while open interest in BNB futures increased 19% to $1.23 billion. These represent an expanding tide of speculation and demand for the asset, perhaps fueled by fresh money flowing into the market. A good deal of this movement seems to be riding on bullish momentum forming around BNB’s recent price action. The token has been in an uptrend for weeks now, and this breakout above its previous highs indicates buyers are remaining bullish, even as there are indications that the market is heating up. Meanwhile, the relative strength index (RSI) is also well into overbought conditions at 87.50. When the RSI crosses above 70, it generally means that a pullback may be imminent. Nevertheless, the uptrend is still in place. BNB is well above its 20-day simple moving average of $704. Price is higher with good volume, and this is a combination that is commonly used to confirm trend strength. Nano Labs Buys $90 Million Worth Of BNB Institutional buying could be propelling the rally. On July 22, China-founded Web3 infrastructure company Nano Labs Ltd announced it had added 120,000 BNB tokens to its holdings—worth around $90 million. According to the company, it bought over-the-counter at an average cost of $707 per BNB. Nano Labs stated that it views BNB as a strategic reserve asset and will continue to add to its holdings. It also stated that it will invest in companies that are dedicated to the BNB ecosystem. Such a long-term commitment brings an element of confidence for retail investors tracking the token’s movements closely. All the hype aside, there are beginning to appear some warning signs. BNB is now trading above the top Bollinger Band, an indication that the token may be getting stretched. Featured image from Unsplash, chart from TradingView

One of the themes that had driven markets since the beginning of the month was the US Dollar recovering some strength which marked some tops and bottoms for many Currency pairs. Starting the 1st of July and amplified by a streak of positive data, the Greenback saw its heavy-selling positioning reverse largely. Particularly after the NFP report and the July CPI, most flows surrounded a re-shifting of funds back towards the US which notably propelled the Nasdaq and S&P 500 through multiple all-time highs. This USD strength seems to have been just a temporary retracement however, with the Dollar Index having sold off close to two handles from its Thursday swing high (98.50 highs, currently around 97.20) – That move had much more influence in Forex than stocks. As a matter of fact, the Dow Jones is flying and trying to catch up to its peers. The industrial-focused index just breached the 45,000 Key landmark and is coming closer to its all-time highs. You can take a look at an in-depth analysis of the Index right here: Read More: Dow Jones rebalancing continues after US-Japan Trade Deal Since the last mid-week report, there hasn't been much in terms economic data for either the US or Canada except for a strong beat in US Retail Sales last Thursday (0.6% vs 0.1% expected) which further boosted the run in Equities but did not prevent the profit taking that happened on last Friday. Although, the week is far from over and between PMI releases and key earnings, Markets should still await some volatility. North-American Indices Performance North American Top Indices performance since last Monday, July 23, 2025 – Source: TradingView The S&P 500 is taking the crown since last Monday, with some choppy retracements but strong bullish moves. On the current rewiring however, the Dow Jones is catching up with its peers relatively fast – Something to keep in check for the upcoming weeks. US Dollar Mid-Week Performance vs Majors USD vs other Majors, July 23, 2025 - Source: TradingView. There hasn't been much pity for the Greenback as it gave up most of its gains, back towards July 10th levels. The USD is down between 0.95% to 1.60% against all of its major counterparts. Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, July 23, 2025 - Source: TradingView. Its been many weeks now that the Canadian Dollar hasn't seen much independent movement from the US Dollar. It seems that the ongoing bigger picture in Forex is flows that are moving from Europe to Asia-Pacific Currencies in tandem and dragging both NA Currencies at the same time. It was almost the contrary last week. The performance from the Loonie is definitely not as bad as the one from the US Dollar. Intraday Technical Levels for the USD/CAD USDCAD 2H Chart, July 16, 2025 – Source: TradingView Almost nothing has changed since our last analysis of the pair and the action is still rangebound. The ongoing USD selloff is pretty strong, but odds are not for a breakout as markets tend to consolidate towards incoming key Data (tomorrow will see the release of the US PMIs, more details further in the article) Support Levels: Higher Timeframe Key support Zone 1.3560 to 1.361.3540 (2025 Lows)1.35 Psychological level1.3450 October 2024 lowsResistance Levels: Pivot zone 1.3675 to 1.36861.3740 Pivot turned Resistance1.38 Main ResistanceUS and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar The rest of the week is promised to be more instructive in terms of Economic data releases. Tomorrow (Thursday 24th) will see the release of Canadian Retail Sales at 8:30 A.M. with the Headline number at -1.1% Consensus. Do not forget the weekly Jobless Claims (exp 227K) The day will shortly follow with US Manufacturing (exp 52.5) and Services PMIs (exp 53) at 9:45 A.M. ET. Friday should be lighter however with mostly the Durable Goods order data, which can be interesting data to look at the impacts of the Trump Policies in further detail. Oil Traders should also monitor the Baker Hughes Oil Rig Counts at 13:00 on Friday. Safe Trades for the rest of the week! 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.

EUA endurecem postura em política externa e comercial: Trump recua de "decoupling", mas centraliza poder sobre sanções e mantém apoio a Powell 📌 Destaques do dia: Secretária do Tesouro dos EUA afirma que acordo comercial com a China pode ser prorrogado além do prazo de 12 de agosto. Trump reforça que não demitirá Jerome Powell e não tem pressa para substituí-lo. Casa Branca confirma que muitos acordos comerciais ainda serão firmados. Trump quer manter controle exclusivo sobre sanções à Rússia, excluindo o Congresso. Nome de Trump aparece nos arquivos de Jeffrey Epstein, segundo o Wall Street Journal. 🇺🇸🇨🇳 EUA e China: desacoplamento evitado, foco é redução de riscos A Secretária do Tesouro dos EUA, Emily Bessent, declarou que "os EUA não querem o desacoplamento da China, e sim a redução de riscos nas cadeias de suprimento", sinalizando um tom mais pragmático na política comercial com Pequim. Bessent também afirmou que o acordo comercial temporário EUA-China expira em 12 de agosto, mas que “o prazo deve ser prorrogado”, indicando que as negociações seguem ativas e estratégicas para Washington. 🇺🇸 Fed: Trump afirma que não demitirá Powell Apesar das críticas anteriores, o presidente Donald Trump confirmou que não irá demitir Jerome Powell da presidência do Federal Reserve. A Secretária do Tesouro reiterou que o governo não tem pressa para nomear um novo presidente ao Fed, reforçando a continuidade da atual linha de política monetária. 🇺🇸 Nova onda de acordos comerciais a caminho A Casa Branca anunciou que "ainda há muitos acordos comerciais por vir", fortalecendo a agenda protecionista e industrial de Trump. A estratégia visa consolidar cadeias produtivas internas e atrair investimentos para território norte-americano. 🇺🇸🇷🇺 Sanções contra Rússia: Trump quer controle exclusivo O governo norte-americano anunciou que o presidente Trump não permitirá que o Congresso assuma o direito de impor sanções à Rússia. A decisão centraliza o poder decisório sobre política externa diretamente na presidência. 📂 Nome de Trump aparece nos arquivos de Epstein Segundo reportagem exclusiva do Wall Street Journal, o Departamento de Justiça notificou Trump em maio de 2025 que seu nome está presente nos arquivos do caso Jeffrey Epstein. A Câmara dos Deputados emitiu uma intimação judicial à associada de Epstein, Ghislaine Maxwell. 🔍 Conclusão e perspectiva analítica – Por Igor Pereira, Analista WallStreet NYSE A atual conjuntura revela um Trump mais estratégico e cauteloso com a China, porém extremamente centralizador e imprevisível na política externa com Rússia e assuntos domésticos sensíveis. A permanência de Powell no Fed traz estabilidade para os mercados monetários, mas os riscos políticos aumentam com as implicações do caso Epstein. Para os traders de ouro (XAU/USD), o cenário continua altamente propício a valorização, dada a combinação de risco político interno, tensões geopolíticas e fragilidade institucional. O ouro segue como hedge dominante no segundo semestre de 2025. 📈 Recomendações para os próximos dias: Monitorar fluxo de notícias sobre o caso Epstein. Observar evolução dos acordos comerciais e sua repercussão sobre o DXY. Acompanhar decisões do PBoC sobre estímulos. Ficar atento a novos movimentos de Trump sobre sanções unilaterais. 📢 Conteúdo exclusivo ExpertFX School. Para traders que operam com informação institucional e análise geopolítica de alto impacto.

Three workers are still trapped underground following accidents at Newmont’s (NYSE, ASX: NEM; TSX: NGT) Red Chris mine in northwestern British Columbia, a company spokesperson said. Newmont has suspended operations. A collapse, or fall of ground incident, on Tuesday morning affected the access way to the underground work area of a non-production project at the copper-gold mine, the spokesperson said in a statement sent to The Northern Miner on Wednesday. Three business partner employees, who were working more than 500 metres beyond the affected area, were asked to move to a self-contained refuge station before the access way was blocked by a collapse. Contact was made with the workers, who confirmed they had safely entered a refuge bay, which contains food, water and ventilation sufficient to support an extended stay. Shares in Newmont, the world’s largest gold miner by production and market capitalization, fell 0.4% on Wednesday afternoon in Toronto to C$83.83 apiece, valuing the company at C$68.3 billion. Communication cut A second collapse then cut off communication with the workers, and Newmont halted operations. “With the support of industry, we are working to assemble specialist teams from nearby mine sites to respond to the situation,” the spokesperson said. “Newmont is actively assessing all methods and technologies available to restore communication and safely bring our team members to surface. Our priority remains on ensuring the safety of the three individuals and of the emergency response teams supporting this effort.” Red Chris, in production since 2015, is a joint venture owned and operated 70% by Newmont and 30% by Imperial Metals (TSX: III). The mine is about 80 km south of Dease Lake and 1,050 km north of Vancouver.

🇺🇸🇨🇳 EUA e China Mantêm Diálogo Comercial: Tesouro Americano Reafirma Interesse em Reduzir Riscos, Não em Romper Relações ✴️ Por Igor Pereira – Analista de Mercado Financeiro, Membro WallStreet NYSE A secretária do Tesouro dos Estados Unidos, Elizabeth Bessent, afirmou nesta quarta-feira (23) que Washington não busca um “decoupling” (rompimento) total com a China, mas sim uma redução dos riscos associados às cadeias globais de suprimento. As negociações comerciais entre os dois países continuam em andamento, enquanto o acordo temporário vigente entre EUA e China está programado para expirar em 12 de agosto de 2025. Apesar da data-limite para o fim do atual acordo estar se aproximando, Bessent indicou que existe uma possibilidade real de extensão do prazo, o que sugere que o governo Biden-Trump deseja evitar uma escalada abrupta nas tensões comerciais neste momento. 🧠 O que esperar? Com o anúncio da possível extensão do acordo e o discurso mais diplomático por parte dos EUA, os mercados tendem a: Reduzir o prêmio de risco associado a uma ruptura comercial brusca; Aumentar o otimismo nos setores de exportação industrial da China e importação nos EUA; Fortalecer ativos de risco no curto prazo, especialmente ações ligadas ao comércio global e empresas de logística; Pressionar ligeiramente o dólar americano (USD), caso o tom mais amigável continue nos próximos dias. 💥 Impacto no mercado financeiro: Ativo Impacto Esperado Comentário Técnico XAU/USD (Ouro) Neutro a levemente negativo Alívio geopolítico reduz demanda por proteção USD/CNH (Yuan offshore) Pressão de baixa no USD Expectativa de maior cooperação favorece yuan S&P 500 / Nasdaq Levemente positivo Expectativa de estabilidade comercial favorece big techs Commodities (Soja, Minério, Petróleo) Alta especulativa Melhor clima entre EUA-China tende a reativar fluxo comercial 🏛️ Contexto Estratégico O temor de um decoupling total entre EUA e China aumentou nos últimos anos, especialmente após a imposição de tarifas, sanções e restrições tecnológicas. Contudo, declarações como a de hoje mostram uma tentativa do governo norte-americano de manter a China como parceiro econômico, mas sob novos termos de segurança estratégica e controle de dependência. A data de 12 de agosto será crucial para os mercados, mas o tom atual sugere que não haverá surpresas drásticas, o que reduz momentaneamente o risco sistêmico de curto prazo. 📌 Análise do especialista – Igor Pereira: 🔔 Fique ligado na ExpertFX School para atualizações diárias sobre geopolítica, moedas e commodities.

Shares of Paladin Energy (ASX, TSX: PDN) plummeted on Wednesday after delivering an underwhelming uranium production guidance for the 2026 financial year despite reporting its best operating quarter. The Australian miner, which operates the Langer Heinrich mine in Namibia, produced 993,843 lb. of uranium oxides (U₃O₈) for three months ended June 30, representing a 33% rise over the third quarter and its best operating performance in fiscal 2025. This brings its annual production to just over 3 million lb. Since declaring commercial production at Langer Heinrich in spring 2024, the company had initially forecasted production of between 4-4.5 million lb. U₃O₈ for the current fiscal year. However, it revised down the target to 3.6 million lb. in late 2024, and then scrapped the guidance entirely as severe weather conditions impacted its operations. Paladin has since been hit with class action lawsuits over its uranium forecasts. Despite the production rise in Q4, the company realized the lowest price for its yellowcake of all quarters at $55.6/lb., versus the yearly average of $65.7 and $69.9 the previous quarter. Guidance for 2026 For the 2026 fiscal year, Paladin has set a production guidance of 4-4.4 million lb. U₃O₈, similar to the initial guidance set last year. The production costs are pegged at $44-48/lb., higher than the $40 average cost realized in fiscal 2025. The guidance, according to Paladin’s management, reflects unexpected increases in mining-related expenditures, alongside variability in ore grades from stockpiled material at Langer Heinrich, especially during the first half of the year. Investors reacted negatively to the production and cost guidance figures, as Paladin closed the Australian market down 11.2%. In Toronto, its stock also tanked, down 9.1% in the afternoon with a market capitalization of C$2.6 billion. A report by the West Australian also pointed to the heavy short interest in the company’s ASX-listed shares, with short sellers controlling about 16.8% of the shares.

🔶 Goldman Sachs e BNY Mellon Tokenizam Fundos de Money Market: Início de uma Nova Era para Ativos Tradicionais? 🧠 Análise: Igor Pereira, Membro WallStreet NYSE Dois gigantes de Wall Street, Goldman Sachs e Bank of New York Mellon (BNY Mellon), anunciaram nesta quarta-feira (23) uma iniciativa conjunta para oferecer a investidores institucionais a possibilidade de adquirir fundos de mercado monetário (Money Market Funds) por meio de tokens digitais. O projeto visa tokenizar parte da indústria global de fundos monetários, avaliada em aproximadamente US$ 7,1 trilhões, utilizando tecnologia blockchain para representar cotas digitais desses fundos. ✅ O Que Está Acontecendo? Através de plataformas desenvolvidas em redes privadas de blockchain, os bancos permitirão que investidores qualificados tenham acesso tokenizado a fundos de liquidez que tradicionalmente são acessados via sistemas financeiros convencionais. Os tokens funcionam como representações digitais lastreadas nos ativos subjacentes dos fundos, proporcionando liquidez, segurança e rastreabilidade instantânea. A tokenização de ativos reais (RWA - Real World Assets) está se tornando uma das principais tendências no ecossistema financeiro, unindo o mundo tradicional com a infraestrutura descentralizada. A ideia é melhorar a eficiência operacional, reduzir custos de liquidação, aumentar a velocidade nas transferências e permitir liquidez 24/7 para ativos que, historicamente, operam apenas em dias úteis. 📊 Qual o Impacto no Mercado Financeiro? 1. Adoção Institucional Acelerada: A participação de bancos como Goldman Sachs e BNY Mellon na tokenização de ativos reais representa um sinal claro de legitimidade e amadurecimento do setor cripto e da tecnologia blockchain. A indústria bancária está deixando de lado a resistência inicial e partindo para a integração tecnológica real. 2. Disrupção na Indústria de Fundos: Fundos de mercado monetário são utilizados principalmente por grandes empresas e instituições como instrumentos de liquidez e proteção. A tokenização abre portas para uma nova forma de alocação, especialmente se a negociação puder ocorrer fora do horário tradicional e em ambientes com liquidez programável. 3. Risco e Regulação: Apesar do avanço tecnológico, ainda há desafios regulatórios. A Comissão de Valores Mobiliários dos EUA (SEC) tem alertado sobre a necessidade de supervisão criteriosa quanto à emissão de tokens lastreados em ativos reais, exigindo garantias de transparência e segurança jurídica. 4. Reflexos no Setor de Criptoativos: A expansão dos RWAs deve fortalecer a tese de utilidade das blockchains privadas e permissionadas, como as utilizadas por consórcios bancários. Também estimula o surgimento de protocolos DeFi híbridos que integram ativos tokenizados com contratos inteligentes. 🔍 O Que Esperar a Seguir? Mais adesões: Espera-se que outros grandes bancos, como JPMorgan, Citigroup e HSBC, sigam o mesmo caminho, lançando plataformas próprias de tokenização de ativos. Crescimento de produtos financeiros híbridos, misturando RWA com estruturas DeFi. Maior integração entre bancos centrais e stablecoins reguladas, facilitando transações com tokens institucionais. Criação de mercados secundários tokenizados, operando 24 horas por dia, incluindo fundos, ações e títulos públicos. 📌 Conclusão do Analista — Igor Pereira

⚠️ JPMorgan Alerta para Complacência Excessiva nos Mercados Globais de Ações O JPMorgan Chase lançou um alerta contundente nesta quarta-feira sobre a atual complacência nos mercados de ações globais. Segundo o banco, há uma crescente desconexão entre os preços das ações e os fundamentos corporativos, gerando um ambiente de risco elevado e baixa percepção institucional de ameaça entre os investidores. 📉 "Comportamento Perigoso de Negligência" Em relatório distribuído a grandes clientes institucionais, o JPMorgan classifica como “assustador” o atual comportamento do mercado, onde "os investidores deixaram de se preocupar com riscos fundamentais". O banco observa que, apesar de uma desaceleração no crescimento dos lucros corporativos em diversos setores — especialmente tecnologia, consumo e industrial — as ações continuam subindo de forma agressiva, alimentadas por liquidez, algoritmos e fluxo passivo. 📊 Riscos Ignorados Entre os fatores de risco que estão sendo negligenciados, o JPMorgan destaca: Possível recessão técnica nos EUA e Europa no segundo semestre de 2025; Tensões geopolíticas persistentes, especialmente entre EUA-Irã e China-Taiwan; Riscos fiscais crescentes em economias desenvolvidas; Inflação estrutural ainda acima das metas de longo prazo em várias regiões; Política monetária ainda restritiva, com Fed e BCE relutantes em cortar juros no curto prazo. 🔍 O Que Esperar O banco projeta um cenário de volatilidade latente, com potencial correção nos principais índices caso os lucros decepcionem no terceiro trimestre. O S&P 500, Nasdaq e MSCI World estão atualmente em máximas históricas ou próximos disso, o que aumenta o risco de reversão caso o sentimento se deteriore subitamente. Para o JPMorgan, o atual momento exige gestão ativa do risco, hedge de carteira, e análise cuidadosa da exposição a ativos de risco excessivo. A tendência de fuga para qualidade (flight to quality), incluindo ouro, dólar e títulos de alta classificação, pode se intensificar caso haja uma correção relevante nos índices globais. 🧠 Análise Igor Pereira – ExpertFX School 🎯Impacto não comercial Ações: Alta probabilidade de correção de curto a médio prazo, especialmente em empresas com múltiplos elevados e fundamentos fracos. Forex: Dólar pode se fortalecer como porto seguro se aversão ao risco aumentar. Ouro (XAU/USD): Potencial valorização com movimento de proteção institucional. Índices: S&P 500, Nasdaq e DAX podem entrar em zona de pressão caso os lucros decepcionem em agosto. 📍 Matéria exclusiva elaborada para ExpertFX School – por Igor Pereira, Analista de Mercado Financeiro, Membro WallStreet NYSE.

🚀 Montana AM Reforça Projeção de Alta para o Bitcoin: Meta de US$138.000 Até 2025 Ganha Força Em julho de 2023, a renomada gestora Montana Asset Management publicou uma projeção ousada: o preço do Bitcoin (BTC) poderia atingir US$ 138.000 até 2025. Na época, o criptoativo era negociado na faixa de US$ 30.000, o que tornava a meta um alvo quase cinco vezes acima do valor vigente. Agora, com o BTC acima de US$ 110.000 e mantendo tendência de alta em meio a instabilidades macroeconômicas e expansão institucional no setor cripto, a Montana AM voltou a atualizar sua visão – reafirmando o potencial de valorização expressiva e citando fatores técnicos, geopolíticos e de liquidez global como catalisadores. 📈 Análise Atual da Montana AM: O Que Está por Trás da Projeção? Os principais pontos destacados na nova análise divulgada pela Montana AM incluem: Oferta restrita e demanda crescente: a entrada de grandes players institucionais através de ETFs spot e carteiras de longo prazo está pressionando a oferta circulante de BTC. Ambiente macro inflacionário: com os Estados Unidos em trajetória de déficits fiscais elevados e crescimento do endividamento público, o BTC tem sido cada vez mais buscado como hedge contra a desvalorização do dólar. Adoção regulada e segura: o fortalecimento da regulação pró-cripto nos EUA, Europa e Ásia contribui para a institucionalização do Bitcoin, o que tende a diminuir a volatilidade e aumentar o apelo de longo prazo. Halving de 2024: o impacto do halving mais recente ainda está sendo precificado, com projeções apontando para forte valorização nos 12 a 18 meses subsequentes, historicamente. 🔎 Impacto no Mercado Financeiro A reafirmação da meta de US$ 138.000 até o fim de 2025 reforça o cenário de continuidade altista para o BTC. Para os traders de criptoativos, essa visão fortalece estratégias de swing trade direcional, enquanto instituições e fundos começam a considerar o ativo como componente estratégico de portfólios diversificados. Impactos esperados: Maior entrada institucional: fundos soberanos e gestoras de patrimônio privado podem acelerar suas posições no BTC. Reavaliação de alocações em ouro vs. BTC: o Bitcoin começa a disputar espaço como ativo alternativo de reserva de valor. Potencial pressão sobre altcoins: com a dominância do BTC ultrapassando 55%, algumas altcoins podem sofrer em termos relativos. 📊 BTC/USD: Níveis Técnicos-Chave a Observar Suporte imediato: US$ 102.500 Zona de acumulação institucional: US$ 95.000 – US$ 98.000 Resistência macro: US$ 128.000 Alvo de médio prazo (Montana AM): US$ 138.000 🧠 Comentário do Analista Igor Pereira – Membro Wall Street NYSE 📌 O Que Esperar? Volatilidade no curto prazo, principalmente em semanas com decisões do Fed e CPI nos EUA. Consolidação acima de US$ 110.000 como suporte psicológico e técnico. Maior volume institucional via ETFs, especialmente nos EUA, Canadá e Alemanha. 📢 Gostou da Análise? Acesse o conteúdo completo no site ExpertFX School e fique por dentro de tudo que movimenta os mercados de criptoativos, ouro, dólar e ativos globais. 📲 Compartilhe com sua comunidade de traders e marque a ExpertFX!

Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target. Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of the USA crypto reserve, which is bullish for the altcoin. Meanwhile, the analyst also alluded to the Ethereum ETFs, as another factor that could drive demand for ETH. According to him, these institutional investors count ETH as the future of the crypto industry, which is a positive for the Ethereum price. These institutional investors have recently been warming up to ETH amid optimism that these funds could soon include a staking feature following the SEC’s approval. For the first time last week, these funds beat the Bitcoin ETFs in daily flows. Xanrox is also bullish on the Ethereum price from a technical analysis perspective. He noted that the altcoin is currently inside an ascending channel and breaking out with strong bullish momentum. The analyst also indicated that this was still a good time to buy ETH despite how much it has rallied this month, reaching a six-month high. He claimed that the Ethereum price is somewhere in the middle. As such, those who buy now can get to sell when ETH reaches $5,500. Xanrox added that the $5,500 level is likely where the altcoin will consolidate for a long time before going higher. Interestingly, his accompanying chart showed that Ethereum could even rally to as high as $113,000 at some point. A Demand Shock Is Coming For ETH In an X post, Bitwise Chief Investment Officer (CIO) Matt Hougan declared that a demand shock is coming for ETH, which is why he predicts that the Ethereum price will continue to rally. He noted that the altcoin is up over 50% in the past month and more than 150% since its lows in April, thanks to overwhelming demand from ETFs and corporate treasuries. Matt Hougan expects this demand to keep rising. He noted that ETF investors remain significantly underweight in terms of their ETH-to-BTC holdings ratio. The market expert further stated that although ETH’s market cap is about 19% the size of BTC, the Ethereum funds have amassed less than 12% of the assets that the Bitcoin ETFs hold. As such, he expects these investors to allocate more ETH, which is bullish for the Ethereum price. The Bitwise CIO predicted that Ethereum ETFs and treasury companies could purchase up to $20 billion of ETH in the next year, equivalent to 5.33 million ETH at today’s prices. Meanwhile, the Ethereum network is expected to produce around 800,000 ETH over the same period, resulting in demand that is seven times greater than supply. At the time of writing, the Ethereum price is trading at around $3,700, up in the last 24 hours, according to data from CoinMarketCap.

The precious metal has seen a major bounce in the past two days but is currently seeing some heavy selling after the US-Japan Tariff Deals have been reached. You can learn more about the details of that deal right here. In prior sessions, Gold was profiting from the selloff in the US Dollar but the dynamics have changed today as sentiment on global trade outlook is turning more positive. Silver, Copper and Palladium are still moving upwards but Platinum and Gold are struggling today. Let's take a look at multiple timeframes to spot the zones of interest to gain your edge. Read More: Dow Jones rebalancing continues after US-Japan Trade Deal Gold multi-timeframe Technical AnalysisDaily Chart Gold Daily Chart, July 23 2025 – Source: TradingView Since our preceding analysis, the precious metal had formed multiple small scale bounces on the 2025 upwards trendline and thsi led to Monday's impulsive move up. On the bigger picture however, the price action is mostly rangebound as prices have failed to breach the Key resistances that would at least point towards another visit to its all-time highs ($3,500) One thing that can't be said however, is that the price action is looking weak – bounces are usually strong and bulls are in control as long as prices hold above the 3,350 Pivot Zone. Levels of interest for trading: Support Levels: $3,350 to $3,375 Pivot Zone50-Day MA $3,335$3,300 to $3,330 Major Support$3,000 Longer-run Psychological SupportResistance Levels: $3,439 Daily highsImmediate Resistance Zone 3,410 to 3,440$3,500 all-time highsPotential Resistance Zones in the case of an upside breakout, from Fib Extensions: Potential Resistance 1 between $3,640 to $3,705Potential Resistance 2 around $3,800Gold 4H Chart Gold 4H Chart, July 23 2025 – Source: TradingView Looking closeer, we see how the deal led to the ongoing strong 4H Bear candle after marking daily highs at 3,439, bringing back 4H RSI momentum to neutral The move from the past few days has been strong but before prices actually breakout, the range is still confirmed. With prices holding above the Current Pivot Zone, the ball is still in the buyers' hand, with the 4H 50-period MA (currently at 3,363) being a key barometer for the intermediate trend. If bears fail to close the session around or below the Pivot Zone, bulls will stay in control. 30m Chart Gold 30m Chart, July 23 2025 – Source: TradingView Looking closer to the 30-minute chart, the selloff that had started in the past 2 hours is finding some support at the upward intraday trendline formed after the last swing low. Prices are contained between the 2 key 30m MAs, with the 50 acting as resistance ($3,423) and the 200 acting as immediate support (3,378) – Spot for the breaching of any of these two for relative measurement of bull and bear strength Safe Trades! 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.

Bitcoin remains in a tight consolidation range after setting a new all-time high above $123,000 just 10 days ago. The current range, between $117,000 and $120,000, reflects a pause in momentum as the market digests recent gains and prepares for its next major move. While volatility has cooled, underlying metrics suggest that the broader trend may still have room to run. One key indicator drawing attention is the percentage of supply active in the past 180 days (% Supply Active). This metric has historically surged during major macro turning points. In spring 2024, as BTC approached $70,000, % Supply Active climbed to 20%. It rose again to 18% in December 2024, when Bitcoin first broke through the psychological $100,000 barrier. These spikes reflected long-dormant coins moving out of storage—often interpreted as early signals of broader distribution phases beginning. Currently, the market is showing only initial signs of renewed supply activity, suggesting that we may still be in the early stages of this cycle’s distribution phase. As long-term holders remain relatively inactive and Bitcoin trades near record levels, the stage may be set for further upside if accumulation resumes and new capital enters the market. Supply Activity Signals Early Stage Of Bitcoin Macro Expansion Top analyst Axel Adler recently shared key insights pointing to a potential early phase in Bitcoin’s ongoing macro cycle. According to Adler, supply activity began rising in June 2025 as BTC crossed the $100,000 mark. Over the past 30 days, this metric has climbed from negative territory to +2.4%, signaling the beginning of a shift in holder behavior. While the increase confirms early signs of distribution, it remains modest compared to previous cycle peaks. Historically, major bull markets see this 30-day % Supply Active rise dramatically. Adler highlights that the current pace lags behind prior peaks—like those seen when BTC reached $70,000 in spring 2024 or when it breached $100,000 in December 2024—suggesting that the market still has a considerable buffer before entering a heightened distribution phase. This delayed spike in activity implies that most long-term holders remain committed and are not yet ready to offload their coins. As Bitcoin consolidates near the $120,000 level, this growing yet restrained activity indicates a healthy cycle structure. Adler predicts that if BTC continues to climb and hold above $120,000, the 30-day % Supply Active will likely move into the 8–10% range. Ultimately, it could revisit the 18–20% zone seen at past distribution tops. BTC Holds Strong Above $115K Amid Consolidation The 12-hour Bitcoin chart reveals a clear consolidation phase following the recent all-time high. BTC is currently trading around $118,267, trapped in a tight range between the $122,077 resistance and the $115,724 support. Despite a minor rejection from the $120K area, the structure remains bullish as long as price holds above the 50 and 100-period SMAs, which are now aligned between $113K and $110K—signaling solid mid-term support. Volume shows decreasing momentum during this consolidation, typical of a healthy pause after a strong breakout. BTC previously surged above $120K on strong volume, but has since failed to establish a new high, instead forming a sideways pattern. This suggests market indecision or accumulation before the next leg. A break above $122,000 could trigger the next push toward the $130K level, while a breakdown below $115,724 would open room for a deeper retrace, potentially toward the $113,000 area near the 50-SMA. As long as buyers defend the lower range, the trend remains intact, and a breakout seems likely—especially if macro indicators or on-chain signals support further upside. Featured image from Dall-E, chart from TradingView

Gold prices dipped after a three-day rally on Wednesday, as a US-Japan trade deal allayed trade war concerns and dampened demand for safe haven assets. By midday, spot gold fell 0.6% to $3,410.26 per ounce, having hit a five-week high the previous session. US gold futures also declined 0.6%, trading at $3,420.90 per ounce in New York. Click on chart for Live Prices The pullback follows a series a trade deals announced by the Trump administration in recent days, most notably a better-than-expected deal struck with Japan on Tuesday evening. “Trade deals like the one between the US and Japan mitigate macroeconomic concerns and may dampen safe haven demand. This could lead to a continuation of the recent push and pull in (gold) prices,” Nikos Tzabouras, senior market analyst at Tradu.com, told Reuters. However, the longer-term prospects for gold remain favourable, he added, citing mounting concerns over US debt that may exacerbate de-dollarization trends, leading to higher gold holdings by central banks. So far this year, gold has climbed about 30% amid uncertainty surrounding US President Donald Trump’s attempts to reshape global trade, prompting investors and central banks to accumulate bullion. In late April, the precious metal hit an all-time high of $3,500, before consolidating within a tight range during the ensuring months. Silver continues to soar However, gold’s performance is trumped by that of silver, which has soared nearly 36% year to date. Unlike gold, silver is mostly used as an industrial input. As a result, higher projected demand from sectors such as solar could propel silver prices higher even in absence of the safe-haven draw. Evidently, spot silver rose by as much as 0.4% to $39.54 an ounce Wednesday — the highest since 2011. “The recent rally in silver is being driven by a combination of strong industrial demand, persistent supply deficits, and increased investor interest,” said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany. “A decisive push past $40 could come from a further breakout in gold prices, renewed weakness in the US dollar, or signs of deeper supply tightness – especially if physical premiums start to rise again in key Asian markets.” In recent days, there has been evidence of market tightness in the London market, after nearly half a million ounces flooded into US warehouses on tariff fears, according to Bloomberg. Exchange data shows that the cost of borrowing silver metal has jumped above historical norms, while growing exchange-traded fund holdings further erode the amount of metal freely available to buy. (With files from Bloomberg and Reuters)

Alphabet is set to release its Q2 2025 financial results after the U.S. market closes on Wednesday, July 23, 2025. Alphabet is facing slower growth in advertising but is seeing strong results in its cloud business and making big investments in artificial intelligence (AI). However, it is also dealing with increasing antitrust scrutiny. What to Expect? In Q1 2025, the company delivered strong results, with revenue up 12% year-over-year to $90.2 billion and net income jumping 46% to $34.54 billion. Earnings per share (EPS) rose 49% to $2.81, boosted by a $9.8 billion gain from equity investments. For Q2 2025, growth is expected to slow. Analysts predict revenue of $93.8 billion, a 10.7% increase from last year. Net income is forecasted to drop from Q1 to $26.5 billion but still grow 12.2% year-over-year. Operating margins are expected to improve to 34.1%, up from 32.4% in Q2 2024. Source: Created by Zain Vawda, Google Gemini Key Areas to Focus On Advertising is Alphabet's main revenue source, making up 74% of Q1 2025 revenue. Google Search revenue grew 10% to $50.7 billion, and YouTube ads rose 10% to $8.9 billion, though Search ad growth slowed to single digits for the first time since mid-2023. Analysts expect ad revenue growth to slow further, with Q2 growth projected at around 10.6%-10.8%. AI Overviews in Google Search, which generate summaries, now reach 1.5 billion users monthly and have increased commercial queries. While early revenue from this is small, it has big potential, with user numbers possibly hitting 4 billion by Q3. YouTube is also using AI to improve shopping, content discovery, and ad targeting. However, competition and economic challenges may limit ad budgets. Google Cloud is growing fast, with Q1 2025 revenue up 28% to $12.3 billion, driven by demand for AI and enterprise solutions. Q2 revenue is expected to reach $12.9 billion, a 25%-28% increase. Operating margins improved to 17.8% from 9.4% last year. Partnerships, like OpenAI using Google Cloud for ChatGPT, are boosting its growth and positioning it as a key driver for Alphabet. Source: Created by Zain Vawda, Google Gemini AI Investments Alphabet is investing heavily in AI, planning to spend $75 billion in 2025 to expand data centers and improve AI services like its Gemini model, chips, and servers. These investments are key to staying competitive in the fast-growing AI market. The Gemini AI models, used in Search, YouTube, and Workspace, are central to Alphabet’s growth. Gemini 2.5, launched in Q1, excels in reasoning and coding. The Gemini ecosystem now spans 15 platforms with over 500 million users. AI Overviews aim to make products more personalized and engaging, laying the groundwork for future revenue, even though direct earnings from these features are still small. Source: Created by Zain Vawda, Google Gemini Other Bets Alphabet’s "Other Bets" segment, including Waymo (self-driving cars) and Verily (healthcare), earned $450 million in Q1 2025, down from $495 million last year, with a $1.23 billion loss. Waymo is growing fast, completing 250,000 weekly rides in four U.S. cities, a huge jump from 2023. It’s partnering with Uber to reach 10 million users in Austin and Atlanta and licensing its tech to automakers. Waymo’s value was $45 billion in 2024 and could hit $100 billion by 2030 if it captures 5% of the $1.5 trillion self-driving market. Forward Outlook Management’s outlook for the second half of 2025 and beyond will be closely watched, especially for updates on advertising revenue under economic pressures and progress in monetizing AI. Analysts expect Google Cloud to grow faster in the second half of 2025 as more capacity becomes available. Alphabet’s long-term growth relies heavily on its AI and cloud businesses. Its "full-stack AI innovation" sets it apart from competitors. While AI earnings are currently small, features like AI Overviews and Gemini models have big future potential. Google Cloud is expected to keep growing, driven by AI demand, better integration of AI tools, and acquisitions like Wiz to improve cloud security. The "Other Bets" segment, especially Waymo, provides opportunities for long-term growth and diversification. Source: Created by Zain Vawda, Google Gemini Technical Analysis From a technical standpoint, Alphabet shares have been on a steady move higher since bottoming out at the beginning of April at around the 140.00 mark. Over the last two days, the share price has struggled to break above a key resistance level at 191.81. The RSI period 14 is currently breaking back below overbought territory which suggest a change in momentum may be upon us. Could this be the start of a deeper retracement? Immediate support rests at 181.00 before the 165.28 handle comes into focus. A break above resistance at 191.81 will look toward the 200.30 handle before the 2025 highs at 207.00 comes into focus. Alphabet (GOOGLE) Daily 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.

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.

De Beers, the world’s largest diamond miner by value, once convinced the world that true love needed a mined diamond. The precious stones weren’t just beautiful — they were a natural wonder, formed over billions of years deep within the Earth and extracted from far-off places by companies like De Beers itself. That mystique guaranteed mine diamonds a century of dominance. Today, that power is fading fast as lab-grown diamonds, identical in structure, sparkle, and hardness, are redefining what a “real” diamond means. These synthetic gems, created under high pressure and temperature in controlled environments, have gone from novelty to norm. They are widely available and increasingly affordable. And that’s rattling the foundations of a global industry. Alarm bells The central Chinese province of Henan now produces over 70% of the world’s lab-grown diamonds for jewellery. Many end up on the ring fingers of newly engaged couples, especially in the United States. In 2022, Walmart began selling lab-made stones. Two years later, they made up half its diamond assortment. Sales surged 175% in 2024 compared to the previous year, making the retail giant the second-largest fine jewellery seller in the country, just behind Signet. The rapid growth has triggered alarm among some traditional players. Yoram Dvash, president of the World Federation of Diamond Bourses says synthetic diamonds now dominate new US engagement rings. He warned of an “unprecedented flood” of lab-made stones and called on the industry to unite in response. (Click on image to enlarge) LEFT: Competitors Cecil Rhodes and Barny Banato join forces, creating De Beers Consolidated Mines in 1888. | RIGHT: Canadian geologist Dr. John Williamson sets up the Williamson mine in Tanzania, famous for its pink diamonds. (Images courtesy of De Beers Group.) Not everyone sees an existential threat. Independent analyst Paul Zimnisky attributes the recent downturn to post-covid demand corrections, a luxury slowdown in China, and the disruptive ascent of lab diamonds. He remains cautiously optimistic, noting that lab-grown stones now account for over 20% of global diamond jewellery sales, up from under 1% in 2016. For engagement rings, the market share is even higher. A 2024 survey of nearly 17,000 US couples by The Knot found that more than half of engagement rings featured a lab-made diamond, up 40% from 2019. Zimnisky believes the industry’s survival hinges on branding. “If the industry gets lethargic and loses its way on the marketing front, all bets are off,” he told MINING.COM earlier this year. Marketing reset The spotlight has shifted back to De Beers. Once the architect of diamond scarcity and prestige, it’s now for sale. Parent company Anglo American (LON: AAL) slashed its valuation by $4.5 billion in just over a year. While no buyer has stepped forward, Botswana is reportedly pushing to take a controlling stake. In May, De Beers shut down its lab-grown diamond jewellery brand, Lightbox, in a clear move to recommit to natural stones. It’s betting that a focused narrative, one rooted in rarity and romance, can revive demand and stabilize mined diamond prices. Making that case is harder than ever. Lab-grown diamonds are chemically identical to their natural counterparts. Even trained gemologists need specialized equipment to tell them apart. The core difference now lies not in composition, but in story. Lab-grown diamonds may be more affordable and visually identical to natural ones, but they typically don’t hold their value. While mined diamonds can resell for 20% to 60% of their original retail price, lab-grown gems often fetch just 10% to 30%, sometimes even less. In a recent interview with The Wall Street Journal, De Beers CEO Al Cook predicted that as lab-grown diamonds become more abundant, their value will continue to fall. He warned they risk being seen more like low-cost imitations such as cubic zirconia or moissanite, which have different chemical compositions and are easily recognized as fakes. The Luanda Accord was signed in June to pool resources and boost global marketing efforts for natural diamonds. (Image courtesy of the Natural Diamond Council.) For buyers who spent thousands on lab-created stones, Cook didn’t sugar-coat the outlook. “I weep for you,” he said. To sway a younger, more value-conscious generation, the industry has turned to fresh campaigns. De Beers and Signet launched “Worth the Wait” in October 2024, targeting so-called Zillennials — those born between 1993 and 1998 — with messaging about milestones, meaning, and the uniqueness of natural diamonds. In June, a coalition of producing countries and De Beers inked the Luanda Accord, pledging 1% of rough diamond revenues toward a marketing fund run by the Natural Diamond Council. The NDC has since rolled out a new short film series and an educational website aimed at helping retail staff better articulate the case for natural gems. A previous campaign that branded lab-made stones as “dupes” and urged buyers to “swipe left” backfired and was taken down. Changing values Even as traditionalists double down, the cultural ground is shifting. Young buyers care about origin and ethics. They want proof their purchase doesn’t fund conflict or exploit workers. Danish retailer Pandora switched entirely to lab-made diamonds in 2021, citing environmental and social concerns as well as lower prices. Even experts need specialized equipment to tell the difference between quality lab-grown and mined diamonds. (Image courtesy of the Natural Diamond Council.) Zimnisky notes that for economies “sensitive” to changes in the diamond market, such as Botswana, Canada, Namibia, Angola and Russia, the stakes are high. “This is a luxury product,” he said. “It needs to be merchandised as such. All stakeholders must contribute to shaping the message.” The mystique of mined diamonds may be fading, but the desire for something meaningful remains. For the industry to stay relevant, it must shift from legacy to legitimacy, replacing old myths with modern values. _________________ RELATED: Gem Diamonds to cut jobs, salaries amid industry collapse

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.