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Data shows the Bitcoin Open Interest shot up to a new all-time high (ATH) even as the cryptocurrency’s price saw a retrace to $115,000. Bitcoin Open Interest Has Gone Against The Price Trend As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest has witnessed a sharp surge alongside the latest decline in the price. The “Open Interest” here refers to an indicator that measures the total amount of positions related to BTC (in USD) that are currently open on all centralized derivatives exchanges. When the value of this metric rises, it means the investors are opening up fresh positions on the market. Generally, the total leverage in the sector goes up when new positions appear, so this kind of trend can lead to more volatility for the cryptocurrency. On the other hand, the indicator going down suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Whatever the case be, the asset’s price can behave in a more stable manner after such a trend. Now, here is a chart that shows how the value of the Bitcoin Open Interest has changed over the last month: As displayed in the above graph, the Bitcoin Open Interest rose to a high value earlier in the month when the asset’s rally to the new all-time high (ATH) took place. This wasn’t anything unusual, as speculation tends to flood in during periods of exciting price action. As BTC retraced from its peak and settled into a phase of boring consolidation, the metric’s value calmed down a bit. Now, the coin has finally diverged from this sideways movement, showing a downwards move. Interestingly, the Open Interest has rocketed up alongside this price plunge and set a new record around $44.5 billion. From the chart, it’s visible that price declines usually accompany drawdowns in the indicator, as longs find liquidation. “It’s unusual for BTC price direction and open interest to move in a negative correlation,” notes the quant. The spike in the metric could suggest some longs have decided to double down on their bets and some speculators have jumped in to get their shorts in, expecting the downtrend to continue. As mentioned before, an increase in the metric can amplify price volatility. This happens because the chances of a mass liquidation event taking place go up during such conditions. It now remains to be seen how this Open Interest increase would unwind this time around and whether a long squeeze or a short one would take place. BTC Price Bitcoin saw a brief dip under $115,000 earlier, but its price has since retraced a bit as it’s back at $116,000.

Crypto analyst TradingShot has revealed that the Dogecoin price has entered a bullish pattern, which could spark a parabolic rally to $1.5. Interestingly, the analyst also raised the possibility of the foremost meme coin reaching double digits. Dogecoin Price Eyes $1.5 With Bullish Livermore Cylinder Pattern In a TradingView post, TradingShot revealed that the Dogecoin price is inside a Livermore’s Cylinder, which suggests that the meme coin could soon rally to as high as $1.5. The analyst noted that DOGE has been trading within a bullish megaphone for the majority of its Bull Cycle since the October 9, 2023, low. In line with this, TradingShot declared that this may technically have been so far one massive accumulation phase along with the rest of the altcoin market. This is where the Livermore Accumulation Cylinder comes in, as it draws comparisons with the Megaphone pattern. Based on this Livermore model, the analyst stated that the Dogecoin price is starting the aggressive breakout phase above the Cylinder. With the accumulation technically over, TradingShot predicts that the Dogecoin price may pursue levels 8 and 9, which give price targets of $1.50 and $12, respectively. These price levels will mark new all-time highs (ATH) for DOGE, with its current ATH at around $0.73. The analyst’s accompanying chart showed that the meme coin could reach this $1.5 target between now and year-end. Meanwhile, the Dogecoin price could reach $12 by July next year. In line with this, TradingShot admitted that the $12 target is not expected to happen in this current Bull Cycle, which he predicts would end in the next six months or thereabout. However, he added that the $1.50 target is well within reach in this cycle and exactly double the price of the previous cycle high. Therefore, the analyst declared that this target is a “very attractive top candidate.” Bullish Engulfing Candle About To Form For DOGE In an X post, crypto analyst Trader Tardigrade stated that the DOGE monthly candle will close in just one week and that a Bullish Engulfing Candle is likely to be established. In line with this, he declared that a big moment is coming for the Dogecoin price. His accompanying chart showed that the meme coin could reach as high as $7.5 on this run. In another analysis, he declared that a rally to $1 is incoming for the Dogecoin price, echoing TradingShot’s prediction. His accompanying chart showed that the foremost meme coin could reach this psychological level between now and September. At the time of writing, the Dogecoin price is trading at around $0.22, up over 1% in the last 24 hours, according to data from CoinMarketCap.

Week in review: Trade Deals Materialize The August 1 tariff deadline approaches and with it we have had a few trade deal announcements which came out this week. Market sentiment seemed to get a boost, with Gold in particular feeling the heat of a stronger US Dollar. Market participants remain at least partially on the edge of their seats as we have not seen any details of agreements as yet. This led to early signs of cracks in potential trade deals with the US announcing a Japan trade deal which included significant investments in the US. However, Japanese officials and US officials seem to have differing views of the deal with Japanese officials stating that the US will secure only 90 per cent of profits from joint investments with Japan if it takes on a proportional amount of risk and financing. This seems to suggest that cracks may be present in the two allies’ interpretation of their hastily agreed trade deal. Japanese officials further stressed there was no written agreement with Washington & no legally binding one would be drawn up after Trump administration officials claimed Tokyo would back investments in the US from which American taxpayers would reap nine-tenths of the profits. Wall Street and the dollar strengthened on Friday as investors prepared for the upcoming week. All three major indexes were slightly up in early trading and set to end the week with gains. The week also saw global investors snap up a net $8.71 billion worth of equity funds during the week, reversing a $4.4 billion net withdrawal in the prior week, data from LSEG Lipper showed. Source: LSEG With just a week left before Trump's trade deadline, the US and its partners are rushing to finalize deals. European negotiators are optimistic after the trade agreement with Japan earlier this week. The dollar strengthened but is still set for its biggest monthly drop as investors focus on upcoming trade talks and central bank meetings. The dollar index rose 0.28% to 97.72, while the euro fell 0.2% to $1.173. Against the yen, the dollar gained 0.4%, reaching 147.57. In cryptocurrencies, bitcoin dropped 3.08% to $115,133.22, and Ethereum fell 2.63% to $3,641.43. Oil prices dipped as investors considered global demand and a possible supply increase from Venezuela. US crude fell 0.56% to $65.63 per barrel, and Brent dropped 0.39% to $68.91. Gold prices also declined as the stronger dollar and optimism over US-EU trade talks reduced demand for the safe-haven metal. Spot gold fell 0.93% to $3,336.52 an ounce. Earnings Season Over a third of S&P 500 companies have reported earnings, with 80% beating expectations, according to LSEG data. Analysts now predict second-quarter earnings will grow 7.7% compared to the 5.8% estimate from July 1. Next week, four big tech companies Amazon, Apple, Meta, and Microsoft will release their earnings. Investors will closely watch their updates to see if spending on AI is delivering results and if trade tariffs are still affecting their future plans. The Week Ahead: US Very Much in Focus, Fed Decision, Trade Deals and Earnings The week ahead has several important data releases lined up. The US and UK will release inflation data with key GDP data from China and manufacturing data from Japan. Asia Pacific Markets - US/China Trade Talks The key focus this week is the US-China trade talks in Sweden. A 90-day tariff ceasefire, which started in May, is set to end on August 12. Markets are watching closely to see if the ceasefire will be extended or if there will be changes to current tariffs. An agreement is expected, but uncertainty remains despite President Trump's claims that a framework is in place. On the data front, China's official July PMI (out Thursday) is expected to stay in contraction at 49.6. The S&P PMI (focused on private and export-driven firms) will follow on Friday. Over the weekend, June industrial profits data will be released. After a sharp drop in May, markets are eager to see if profits recover due to eased trade tensions or if the decline continues. The Bank of Japan (BoJ) is not expected to make any changes at its meeting on July 30-31. However, markets will pay attention to the BoJ's updated economic outlook. The recent US-Japan trade deal has reduced uncertainty, which may ease pressure on the BoJ. If inflation forecasts are raised, it could give clues about future interest rates. On the downside, weak industrial production data for June may hurt growth, but this could be balanced by a rebound in retail sales. Economic Data from Europe, UK and the US The US will be a key focus next week thanks to a data dump and of course trade deal announcements. On Wednesday, we will get 2nd quarter GDP data which I expect to grow 3.3% (above the 2.5% forecast), driven by strong trade and investment. However, consumer spending, a key growth driver, has slowed since late 2024 due to tariff concerns and economic uncertainty. This will be followed by the Fed rate decision later in the day. We obviously have the ongoing attacks at Fed Chair Jerome Powell by US President Trump and his administration. However, this is unlikely to sway the Fed at this stage as they are likely to adopt a wait and see approach. The economy is slowing but stable. The Fed is unlikely to cut rates now though I could see a 50bp cut in December if inflation eases. The US data week will end with focus on Jobs data and PCE. The Fed's preferred inflation measure, the core PCE deflator, is expected to rise 0.3% in June, slightly higher than CPI's 0.2%. NFP data on Friday is expected at 100-120k, with unemployment ticking up to 4.2%. Read More: Ripple (XRP/USD) Arrests 19% Slide, Trades Back Above the $3.10 Handle. What Next? As Europe heads into summer, key eurozone data is due. GDP is expected to slow after a strong 1Q boosted by U.S. trade activity. April saw drops in production and exports, though May had a rebound, especially in pharmaceuticals. Overall, U.S. developments likely hurt eurozone GDP, and weak service sector performance may add to the slowdown. On Friday we will get Euro Area inflation data. ECB President Lagarde has highlighted stable inflation and steady growth as positives. July's inflation data is expected to stay calm, but the focus will be on the U.S.-EU trade relationship as the August 1 deadline nears. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - Gold (XAU/USD) This week's Chart of the week is Gold (XAU/USD). Gold has shrugged off its early week gains and dropped over a $100 from the weekly highs around the $3440/oz mark. Looking at the chart below and we have the triangle pattern which appeared to experience a upside breakout earlier in the week before reversing now to test the lower band of the triangle pattern. Gold has been mixed since making fresh all-time highs in April of $3500/oz with higher highs followed by lower lows. However, the failure this week to take out the most recent swing high at $3451/oz on June 16 may warrant caution for bulls. A break below the lower end of the triangle pattern would usually be a sign of further downside, however following the false breakout this week, market participants may rightly be slight confused. If the trendline holds, bulls may return, however if it does give way then the door may be opening for a larger retracement and the $3300 level is the next key spot of support i will pay attention to. Gold (XAU/USD) Daily Chart - July 25, 2025 Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support 330032783251 (100-day MA)Resistance 335034003425Follow 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.

Currently trading at ~0.79632, USD/CHF has found support at previous monthly lows of around ~0.78309. Having recently suffered its worst 6-monthly performance since 2010, losing over 12% in value, ongoing negotiations to suggest the US and the EU are ‘edging closer’ to a trade deal have offered some short-term USD/CHF buying pressure. USD/CHF: Key takeaways from today’s session Signifying a welcome episode of co-operation between the two economies, recent commentary from both the White House and the EU suggests negotiations on trade are proving fruitful, with US officials ‘optimistic’ that a deal is to be struckOtherwise, markets are adjusting expectations on SNB monetary policy, owing to recent Swiss CPI data showing that inflation is hotter than expectedUSD/CHF: Swiss franc remains the best-performing major currency of 2025 If asked which currency has benefited most from the current cocktail of macroeconomic themes on offer in 2025, the answer would undeniably be the Swiss franc - at least so far. While at least some of the recent CHF strength can be explained by safe-haven inflows seen in the first half of the year, the complete answer lies in comparing the Swiss franc to other typical ‘safe-haven’ currencies. JXY, DXY & SXY, TVC, 24/07/2025 In the case of the U.S. dollar, it would be fair to say that its status as ‘world currency’ has come under pressure in recent months. Owing to snowballing U.S. debt and polarising policy changes courtesy of 47th POTUS Donald Trump, it would appear that the root cause of the aforementioned safe-haven inflows comes predominantly from the United States itself, whether from the White House or otherwise. The most significant of these is trade tariffs, synonymous with the Trump campaign, which boosts market risk aversion, especially when agreements between the US and other key nations appear unlikely to be met. Whereas the dollar typically benefits from safe-haven demand, it seems that this time, it can only watch from the sidelines as investors choose to look elsewhere for a more secure, reliable, and dependable store of wealth. In comparison, the Japanese yen has benefited much more than the dollar in terms of safe-haven demand, but still, for the most part, has played second fiddle to the Swiss franc for much of 2025. Put simply, the reasons are threefold: Making a significant U-turn from ultra-loose monetary policy in recent years, the use of the Japanese yen as a ‘funding’ currency for carry trades is changing. Whereas previously, in times of low market risk appetite, traders would often liquidate yen carry trades, driving yen strength, changes made by the BoJ to raise interest rates have severely disincentivised such strategies. As such, at least one outcome is that the yen does not strengthen as much as the franc in times of high safe-haven demand, as seen in recent months Unlike the SNB, the Bank of Japan’s decision to raise rates in recent years signifies broader changes to the yen’s standing amongst other major currencies. As such, and while the yen finds its footing, investors are less likely to prefer the yen as a store of wealth in times of economic uncertainty While the Swiss economy boasts one of the lowest debt-to-GDP levels in the developed world, at around 38%, the same cannot be said for the Japanese economy, which exceeds 250%. With government debt a hot topic courtesy of recent developments in the United States, markets are understandably somewhat nervous to use the yen as a store of wealth, especially in times of economic hardship While the Swiss economy admittedly has much to boast about, the recent strengthening of the franc has much to do with the appeal, or lack thereof, of other safe-haven currencies in comparison. USD/CHF: Imminent US-EU trade deal to offer support to USD/CHF Put simply, lessened tensions between key trading partners, like the United States and European Union, are not only positive for the dollar but also help lessen safe-haven demand, causing some CHF downside. The outcome, at least for now, has been some USD/CHF buying support around monthly lows, as the EU looks set to avoid a 30% tariff on all US-bound exports in favour of a more tame 15%. It should also be noted that recent dollar downside has been caused in large part by nervousness about tariffs, and any change in perceptions, especially regarding likely agreements between key US trading partners, will likely offer significant dollar support. "The sooner this trade uncertainty is resolved, the less uncertainty we’ll have to deal with" Christine Lagarde, ECB President, Monetary Policy Statement Press Conference 24/07/2025 USD/CHF: MoM inflation at 0.1% readjusts market expectations of SNB rate cuts Keen to avoid deflationary pressures for the first half of the year, recent inflation figures from the Swiss economy are not only economically encouraging, but also have markets readjusting SNB rate cut expectations. Previously thought to be considering a return to negative interest rates to raise inflation closer to the target of 2%, recent CPI data shows that inflation is rising faster than expected, reining in market expectations for further rate cuts. While expectations of a higher SNB base interest rate are typically CHF-positive, a growing sense of uncertainty surrounding Swiss monetary policy has led to some short-term downside, especially after an extended period of rally. 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.

NexGen Energy (TSX, NYSE: NXE) (ASX: NXG) is now the 100% owner of its portfolio of exploration assets in the southwestern Athabasca Basin after consolidating a minority interest held by Rio Tinto on certain projects. On Thursday, the Vancouver-headquartered uranium miner announced it has acquired Rio’s 10% production carried interest over 39 mineral claims in the region, including those hosting the PCE discovery, by exercising its right of first refusal on these assets. Financial details of the transaction were not disclosed by the company. As set out in the parties’ initial arrangement, Rio is entitled to a 10% undivided interest in future production from the mineral claims, carried through to the commencement of commercial production. This was put in place before NexGen acquired the land package in 2012. The centrepiece of the claims package is PCE — or Patterson Corridor East — an uranium occurrence situated 3.5 km east of the world-class Arrow deposit that the NexGen team discovered in 2014. Part of the larger, 100%-owned Rook I property, the Arrow deposit is host to one of the largest uranium resources in the world, containing 256.7 million lb. of U3O8 (uranium oxide) in the measured and indicated categories and another 80.7 million lb. in inferred. Anchored by this resource, NexGen considers Rook I to be the largest development-stage uranium project in all of Canada. A feasibility study in 2021 estimated an after-tax net present value (at 8% discount) of C$3.47 billion with a 52.4% internal rate of return. The proposed mine, which is now in the engineering phase, could produce nearly 29 million lb. of U3O8 per year over the first half of its approximate 10.7-year life. The PCE discovery, according to the company, could mirror that of Arrow due to their similarities in geology. Initial drilling results at PCE have indicated an expansive footprint with remarkable continuity of mineralization, it said. In a press release, NexGen CEO Leigh Curyer said that the two deposits could help meet the “ever-growing need for a safe, secure supply of uranium,” citing that the market is currently in a deficit and the massive spending required to build AI data centres, which would be powered by nuclear energy. “Given the world class extent, high grade and superior technical setting of mineralization discovered to date at our two projects, consolidating our portfolio at PCE and surrounding area to match our 100% ownership in our world-class Arrow deposit, is entirely in line with our strategic objective of becoming the future leader in uranium production worldwide,” he said. Shares of NexGen Energy surged more than 5% on Thursday in New York, closing at a near six-month high of $7.43 with a market capitalization of $4.4 billion. By Friday, the stock had pulled back to around $7.10.

Dogecoin could be approaching a structural breakout that carries it to the long-discussed $1 threshold, according to crypto analyst Stephan Burns, who in a July 24 livestream described a “perfect storm” of monetary design, market structure and what he characterizes as rare astrological alignments. Burns framed the move as an “inevitability,” while acknowledging timing uncertainty, arguing that the next parabolic advance could emerge within months. Is $1 Dogecoin Inevitable? Burns built his case first on tokenomics. Dogecoin’s fixed issuance of 10,000 DOGE per one-minute block—approximately 5.2 billion DOGE annually—translates today into an inflation rate of roughly 3.3% against a circulating supply he placed at 150 billion. With that supply base, he said, the network simultaneously sustains miner incentives, gradually replaces lost coins and avoids the periodic “supply shocks” embedded in Bitcoin’s quadrennial halving schedule. “It’s beautiful because of this inflation rate,” he said, calling Dogecoin “better as a currency than Bitcoin” precisely because of its predictability. By contrast, he argued, Bitcoin’s declining issuance—on track to fall below half a percent after the 2028 halving—forces a future reliance on transaction fees. “Eventually Bitcoin will be completely mined… the network has to be maintained by transaction fees. That’s probably not enough to incentivize miners at the end of the day,” Burns claims. He also asserted that Dogecoin’s governance surface is harder to co-opt than Bitcoin’s as large institutional and governmental actors accumulate BTC exposure. In his view, Dogecoin remains “the people’s currency,” with economic dilution limited by social and technical difficulty of altering code. The flat nominal issuance, he added, produces a declining percentage inflation rate over time without rendering the asset strictly deflationary or, in his words, vulnerable to miner attrition. Beyond economics, Burns devoted extensive time to what he calls “crypto astrology,” arguing that Dogecoin’s natal chart—anchored to its genesis block—now sits under exceptionally favorable transits. He highlighted Pluto’s conjunction with Dogecoin’s natal Moon, describing it as “a once in a roughly 250-year transit,” and an impending Jupiter return with the planet “exalted” near the project’s midheaven point. These, he claimed, historically correspond to phases of visibility, capital inflow and wealth symbolism. “Dogecoin is being activated… more than any other cryptocurrency this year,” he said, labeling the configuration a catalyst for renewed global attention. Burns linked those internal transits to a broader macro cycle, citing the approaching Saturn–Neptune conjunction at the first degrees of Aries in early 2026, which he associated—through earlier historical recurrences—with milestones such as the emergence of coinage and trade networks. In his view, that backdrop reinforces the plausibility of another speculative wave. A logarithmic review of Dogecoin’s price history, he said, shows three prior “parabolic” expansions separated by lengthening consolidation phases; the current basing structure, including what he described as an ascending W-pattern supported by long-term moving averages, could precede a fourth. “Just based off of that it looks like we may be due for another one of these parabolic moves up in the next few months,” he said, while conceding that “just because I think it doesn’t mean it’s going to happen.” He further projected that a Dogecoin exchange-traded fund “will get approved” and place the asset “in the spotlight,” though he did not provide documentation beyond his expectation. Burns also contrasted Dogecoin’s relative resilience on its Bitcoin ratio with altcoins that have reverted to prior ranges, arguing that structural holding above pre-2020 levels supports his thesis. Summarizing his outlook, Burns reiterated what he called the “inevitability of Dogecoin going to $1,” framing that level as the maximal target in his public analysis for the forthcoming cycle. The timing, he implied, hinges on the interplay between tokenomics-driven accumulation and the unfolding of the transits he tracks. “I do think it’s going to moon,” he concluded. At press time, DOGE traded at $0.23.

After failing to trade above the 99.00 psychological handle last Thursday, the Dollar Index had retracted strongly in the beginning of the week – Is the ongoing retracement over? Other majors have enjoyed from the close to 2% correction in the Index, particularly USDJPY which had been struggling since the onset of July. Markets tend to move chaotically on the small picture but the bigger picture sometimes offers some great insights. The US Dollar just marked what is for now an intermediate bottom on its index and this marked the end of the weekly run in European and Asia-Pacific currencies. Let's take a look at the DXY and a few other major charts to prepare for the month-end to next month trading. Read More: Is the S&P 500 losing steam? Taking a look at the US Dollar Dollar Index Daily Chart, July 24 2025 – Source: TradingView The US Dollar had marked a bad looking intermediate-top for its higher prospects amid the past month of selling positions closing. The path of the Greenback, always in the middle of many crosscurrents of macroeconomic and financial micmacs, tends to be complex to forecast on the longer-run. The ongoing theme in 2025 is one of US Exceptionalism that is scaring financial flows to exit American Markets or at least, strongly diversify from them. SInce 2008, the United States have captured a huge part of big bank investments. The outflows of such have had a strong impact, but they can't just happen in one shot as it has been the case this month. The speed at which that happened actually might have been a reason for the now-underweight US Equities asset managers to rush back to American markets on their strong fundamentals, leading to some strong moves to their new all-time highs. A lot of these reasons have led to the USD still marking a strong bottom at a weekly Head and Shoulders target – 96.50 is the level to keep in mind, the lowest point hit since the beginning of the 2022 hike cycle. But looking closer, what do we see? Dollar Index 8H Chart Dollar Index 8H Chart, July 24 2025 – Source: TradingView The USD is bouncing sharply after retesting both the 2025 Lows Key support zone which coincides perfectly with a retest of the 2025 Channel which had been broken upwards. The 8H MA 50 is acting as immediate resistance for the Dollar, so this weekly close should be very interesting. Marking a strong rejection here will point to a consolidation between Wednesday's 97.00 Lows and today's 97.90 Highs. Staying at the current levels or clsoing above will point to a higher path to the Dollar and a confirmation that the lows of the next few months might have already been attained. So, what are other major pairs showing?Potential double top for the EURUSD EUR/USD 8H Chart, July 24 2025 – Source: TradingView Watch the 1.17 Handle, acting as key immediate pivot. USDCAD – Still ranging but strong rally off the lows USD/CAD 8H Chart, July 24 2025 – Source: TradingView Price action is still within the range but the ongoing rally is very strong – Watch for reactions around the 1.3750 range resistance. Next key resistance is one full handle above (1.3850). GBPUSD breaking below its 2025 Channel GBP/USD 8H Chart, July 24 2025 – Source: TradingView Sellers still have to break below the 1.34 support zone but the rejection at the 1.36 Resistance is a bit nasty. July 2025 lows are at 1.33650 USDCHF – Potential double bottom USD/CHF 8H Chart, July 24 2025 – Source: TradingView Buyers will still have to break the strong downward trendline but a double bottom may have freshly formed. Concluding note The US Dollar is one of the most complex financial instrument to analyze, but looking at these current charts, there are some signs of a strong change to the ongoing 2025 flows. If price action for the major pairs stays rangebound from here, it would invalidate the US Dollar strength scenario which is always still a possibility. Trading is about taking a step back to spot the higher timeframe trends that big participants carve out, and displaying all the potential scenarios while highlighting the ones with the highest probabilities. 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.

Who Pays the Real Cost of Tariffs? Who Ultimately Pays the Cost of U.S. Tariffs? I recently watched an interview where Treasury Secretary Bessent downplayed the inflationary impact of President Trump’s tariffs. According to him, the burden of these import taxes will mostly fall on exporters trying to maintain U.S. market share and on retailers who will trim their profit margins to keep prices stable. He even cited Toyota’s decision not to raise prices as an example of a company working to absorb costs rather than pass them on to consumers. Maybe Secretary Bessent sees something I don’t or maybe he’s painting a rosy picture of a complex economic reality. Because here’s the truth: tariffs may be imposed on foreign goods, but Americans foot the bill. Let’s break down how U.S. tariffs work and who actually pays. What Are Tariffs? • A tariff is a tax imposed on imported goods. • When a U.S. company imports foreign products, it pays the tariff directly to U.S. Customs and Border Protection at the border. • The foreign exporter does not pay the tariff directly. Who Pays the Real Cost of Tariffs? Although the importer pays the tariff at the border, that cost doesn’t disappear. It gets passed along in the economic chain. Here’s how it affects different players: 1. U.S. Businesses • Importers may absorb part of the tariff, cutting into their profit margins. • Alternatively, they may pass the cost to consumers via higher prices. • Some companies may switch to domestic suppliers, often at a higher cost. 2. U.S. Consumers • When tariffs raise the price of goods, retailers often pass the increase to consumers. • This acts as a hidden tax on the American public, especially on items like electronics, appliances, and automobiles. • The degree to which consumers feel the pinch depends on how much of the cost is passed on. 3. U.S. Manufacturers • Tariffs on raw materials raise input costs. • This makes manufacturing more expensive, especially for small-to-midsize businesses. • Domestic producers may also raise prices in response to pricier imports, capitalizing on the pricing gap to increase profit margins.. 4. Foreign Exporters • While they don’t pay tariffs directly, foreign sellers may or may not lower prices to stay competitive. • This may means taking a hit on profits, effectively sharing some of the cost burden or risk staying competitive. • Exporters must decide whether to protect market share or preserve margins. So, Who Really Pays for U.S. Tariffs? In reality, tariffs are paid by U.S. importers and ultimately affect everyone, businesses, consumers, and even global suppliers. The impact depends on how much of the burden is shared and how much is passed on to the consumer. What happens next depends on: • How much of the cost is absorbed vs. passed on • Whether inflation reignites as prices rise • How the Federal Reserve responds with monetary policy Market Impact: A Disconnect? Interestingly, equity markets remain near record highs, suggesting the fallout from tariffs may not be as damaging as initially feared when Trump announced his reciprocal tariff plan on Liberation Day. Still, this is uncharted territory. Secretary Bessent may be betting on a “best-case” outcome where foreign exporters and U.S. businesses absorb the impact, shielding consumers from inflation. That may be like pulling an inside straight flush, whih is 0possible, but unlikely. The bottom line is that tariffs are paid by American importers and often passed on to consumers. While some costs may be absorbed along the supply chain, the inflationary effect is real and the ultimate impact remains uncertain. Join Our GTA for FREE – Click HERE Take a FREE Trial of The Amazing Trader – Click HERE The post Who Ultimately Pays the Cost of U.S. Tariffs? appeared first on Forex Trading Forum.

BitMEX co-founder and crypto investor, Arthur Hayes, has outlined the key catalysts that could drive the Ethereum price to a $10,000 all-time high by year-end. In a detailed market analysis, Hayes explains how expanding US credit policies, growing institutional interests, and a shift toward wartime economic strategies could create the ideal conditions for a major ETH price rally. Ethereum Price Set To Hit $10,000 By Year End On July 23, Hayes published an in-depth report on Substack, analyzing geopolitical trends and how they could create the ideal conditions for a major Ethereum price surge. The crypto founder has set a bold target of $10,000 for ETH by the end of 2025, attributing the future rally to macroeconomic shifts and increasing institutional appetite. Hayes believes that as the US leans further into wartime economic policies under President Donald Trump’s reign, a wave of credit expansion could be unleashed—fueling “asset bubbles,” particularly in crypto. According to the BitMEX co-founder, Ethereum could benefit most from this environment. While Bitcoin remains the crypto reserve asset, Hayes notes that ETH has been largely overlooked since Solana’s explosive rebound post-FTX. However, he asserts that the tides are turning, especially among Western institutional investors who are starting to favor Ethereum-based assets. The crypto founder pointed to growing confidence in Ethereum from financial influencers like Tom Lee and a renewed interest in DeFi ecosystems as early signs of a potential breakout. Hayes’ venture capital firm, Maelstrom, is now also fully committed to ETH and the broader ERC-20 ecosystem. He has declared that the next ”Ether bull run” is imminent, forecasting a 176.3% rise from ETH’s current price of $3,619. Alongside his $10,000 Ethereum target, the crypto founder projected that Bitcoin could skyrocket to $250,000 before the end of the year. ETH Rally Tied To US Economic And Wartime Developments In his report, Hayes seemingly connects Ethereum’s upside potential to a broader macroeconomic narrative rooted in fiscal policy and geopolitical conflict. He argues that the US is shifting toward a form of state-sponsored capitalism or economic fascism designed to fuel wartime production. According to the crypto founder, this strategy encourages banks to lend freely to companies without government-guaranteed profits. He noted that when the fiat supply increases without a corresponding rise in raw materials or labor, inflation becomes unavoidable. To manage this, he suggests the government may need to blow bubbles in non-essential assets like crypto, to absorb excess credit without destabilizing essentials like food or housing. Furthermore, Hayes believes that just as Ethereum stands to benefit from this environment, stablecoins may play a key role in building it. As the crypto market cap grows, so does the amount stored in stablecoins, most of which are reinvested into US Treasury bills. For instance, if the market cap of crypto hits $100 trillion by 2026, the BitMEX co-founder predicts that stablecoins could indirectly fund trillions in government debt, ultimately making crypto an integral player in sustaining wartime fiscal policies.

This week saw one of the most mixed price action towards the newly formed all-time highs for the 500 best US Companies – The ongoing opening bell is not showing much juice to retest the overnight highs and other global indices are also correcting on the session. The Earnings season has been more than decent but looking at the price action, buyers seem to have come to an exhaustion point. Despite a Daily Golden Cross leading to 11 consecutive new highs, the price discovery for the S&P looks to be stalling at a key zone of interest, coming short of the 6,400 psychological level for both the CFD and actual Index. Many of the best performing assets in the year have started to form local tops: looking at the strong retracement in Gold, Bitcoin, the freshly formed Double top in the Nasdaq that sellers are starting to lean up on and the Dow Jones just retesting its ATH just yesterday without breaching the level. This week had some decently positive news that could have boosted momentum for equities further such as Trump confirming he won't fire Jerome Powell and the finalized US-Japan Trade Deal. Read More: UK Retail Sales Gets Summer Boost, Trade Deal Optimism Wanes & FTSE 100 Steady Positioning and Sentiment at an extreme S&P 500 and CBOE Put/Call Ratio – July 24 2025 – Source: MacroMicro Wherever you look, Market participants mention how strong the ongoing US Trend is and how such strong momentum cannot be faded – This is far from an invitation to sell highs but to trade with more caution looking ahead. The S&P 500 Put/Call Ratio is coming at a trough and such positive & negative spikes tend to coincide with some tops, particularly amid extreme Fear/Greed levels. I remember the 2022 Bear Market concluding on an extreme put ratio against calls – The trough isn't forming such a spike today but the extremes are close. S&P 500 Technical Analysis from the Daily to intraday chartsS&P 500 Daily S&P 500 Daily Chart, July 24 2025 – Source: TradingView The S&P 500 has been flying upwards particularly since the end of the Israel-Iran conflict after forming lows at 5,930. There hasn't been much selling, with almost no daily candle closing below the prior with this pushing Daily RSI to overbought levels. Overbought RSI is by definition a standard in such strong trends – Such technical signs don't always traduce with a correction but at least an exhaustion in the move. You may also take a peek at the Potential Supply trendline that is not too far from current trading – But a closer look is more than required for further analysis. S&P 500 4H S&P 500 4H Chart, July 24 2025 – Source: TradingView Looking closer, we can spot candles that are looking less strong particularly as buyers are stepping against the 1.272 Fib-Extension from the War lows to the July 3 Local top. Momentum is currently retracting from overbought and momentum is starting to become slightly more neutral. Buyers will want to re-enter above the longer-run upwards Channel formed with the April 2025 bottom and will need to breach the current highs on strong momentum – Local CFD Highs at 6,391, Index at 6,381. S&P 500 1H Chart Looking even closer, buyers haven't given up just yet, especially with RSI momentum not breaching the neutral line. Except for the higher timeframe warning signs, holding above the 1H-MA 50 still give the short-term hand to the bulls, but they will have to break the last swing highs to gain further traction. Levels of interest to place on your charts: Support Levels: Mini-Support and 50-H MA 6,370200-H MA 6,315Key Support 6,300Past week lows 6,230Resistance Levels: 6,390 to 6,400 Current highs resistancePotential Resistance at Fib extension 6,420Level to breach for new ATH 6,391 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.

Solana is treading on thin ice as it tests a crucial support zone between $175 and $177, a range that could decide its next big move. After a sharp rejection near $190, selling pressure is mounting, raising the stakes for bulls trying to defend this key area. Momentum Fades: Solana Slips Below Key Moving Averages According to GemXBT in a recent post, Solana (SOL) is currently trending downward, showing signs of sustained bearish pressure. The price has slipped below critical short-term moving averages such as the 20 MA, 10 MA, and 5 MA, suggesting that sellers are firmly in control for now. This breakdown below key technical levels is often seen as a precursor to further downside, especially when not accompanied by strong bullish reversals. At present, the immediate key support level is around $175. If this support holds, there could be a chance for a technical bounce, particularly as the RSI is now sitting in the oversold zone. Historically, oversold RSI levels can signal potential reversals or at least a short-term pause in selling pressure. However, traders are watching closely for confirmation before expecting a recovery, especially with resistance looming near $190. Adding to the bearish picture, the MACD remains below the signal line, reinforcing negative sentiment in the market and downside pressure. Until SOL can reclaim the broken moving averages and flip $190 into support, the technical outlook leans cautious, with the potential for continued volatility. Key Support Retest: Can $175–$177 Hold The Line? In a recent post on X, AlgoCats shared insights from the Solana daily chart, highlighting a critical price zone. The analyst pointed out that SOL is currently testing the $175–$177 support range, an area that once served as resistance and is now being re-evaluated as a potential floor. This zone has become a key battleground between bulls and bears in the short term. AlgoCats also drew attention to a notable upper wick on the latest daily candle, which extended into the $189–$190 region before facing a sharp rejection. This wick suggests heavy selling pressure at those higher levels, likely due to long liquidations and the presence of a significant supply zone. Such price action often reflects a lack of buying strength and the presence of aggressive sellers. Now, the focus shifts to whether the $175–$177 support can withstand the ongoing bearish momentum. According to AlgoCats, how SOL behaves around this zone will determine the next move. If support holds, a bounce is possible, but if it breaks, the market may see further downside pressure in the near term.

The British pound has posted losses for a second straight day. In the European session, GBP/USD is trading at 1.3446, down 0.43% on the day. UK retail sales posts 0.9% gainThe UK wrapped up the week with the June retail sales report. The gain of 0.9% m/m was a strong rebound from the 2.8% drop in May but missed the market estimate of 1.2%. The driver of the positive release was an increase in food and motor fuel. Yearly, retail sales rose 1.7% following a 1.1% decline in May and just shy of the market estimate of 1.8%. Retail sales recorded growth across all main sectors, boosted by the unseasonably June weather. Will BoE lower rates in August? The Bank of England finds itself between a rock and a hard place ahead of the August meeting. The labor market is showing cracks, which supports the case for a rate cut, but inflation has been moving higher and lowering rates could boost inflation even further. In June, inflation was hotter than expected. Headline CPI rose to 3.6% from 3.4%, and core CPI climbed to 3.7% from 3.5%. There are differing opinions among board members regarding rate policy and this was clear to see when the board at the June meeting, when six members voted to hold rates while three voted to lower rates by a quarter point to 4.0%. Today's retail sales report was the final tier-1 event before the August meeting and investors will be monitoring any comments coming from BoE officials, looking for a hint as to whether the Bank will cut rates or stay or remain on the sidelines at the next meeting. GBP/USD Technical GBP/USD has pushed below support at 1.3476 and tested support at 1.3447 earlier. Below, there is support at 1.3390There is resistance at 1.3533 and 1.3619 GBPUSD 1-Day Chart, July 25, 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.

In 2025 the 60‑day rollover rule remains a crucial regulation for retirement savers moving funds between qualified accounts without incurring taxes or penalties. Under this rule an account owner who receives a distribution from a traditional IRA 401(k) or similar tax‑deferred plan must redeposit the full amount, including any withheld taxes, into another eligible retirement account within sixty days to maintain tax‑deferred status. Failing to meet this deadline results in the withdrawal being treated as taxable income and, for those under age fifty nine and a half, subject to a ten percent early withdrawal penalty. Indirect rollovers, sometimes viewed as short‑term liquidity options, compel the recipient to replace both the distributed amount and any withheld portion, often twenty percent from a 401(k) or ten percent from an IRA withdrawal, to avoid tax consequences. Furthermore a taxpayer is allowed only one indirect rollover per twelve month period across all IRAs although trustee to trustee or direct rollovers involving employer plans are exempt from this annual limit. The IRS may allow late rollovers under exceptional circumstances such as errors by a financial institution or personal hardship but obtaining a waiver involves specific administrative steps and documentation. Given the tight timeframe and potential financial pitfalls, financial advisors strongly recommend using direct rollovers or trustee‑to‑trustee transfers to move retirement funds efficiently and safely. The 60-day rollover rule is one of the most important yet often overlooked regulations governing asset transfer between different retirement accounts. While it offers a significant advantage for account holders to diversify their investment strategy or switch to more advantageous accounts, failure to comply can lead to severe penalties. This article will explore the intricacies of the 60-day rollover rule and offer insights into how best to navigate it. What are the costs of breaking the 60-day rollover rule? Breaking the 60-day rollover rule comes with significant financial repercussions. When you take a distribution from a retirement account with the intent to roll it over into another retirement account, the IRS provides a 60-day window to complete this process. Please do so within this timeframe to avoid the distribution being treated as taxable income for that tax year. Consequently, you will be subject to regular income tax rates on the total distribution amount. Moreover, if you are younger than 59½ years, an additional 10% early withdrawal penalty may also apply. Therefore, non-compliance with the 60-day rollover rule can lead to a double financial setback: taxation at the standard income rate plus an early withdrawal penalty. For instance, if you withdraw $50,000 from a 401(k) and fail to roll it over within 60 days, you could face income taxes at your marginal rate and an additional $5,000 penalty under 59½. In addition, the amount you don’t roll over becomes ineligible for tax-deferred growth, negating the main advantage of a retirement account. Therefore, missing the 60-day rollover window can significantly impair your long-term retirement planning. How to safely navigate a rollover Navigating a rollover safely within the confines of the 60-day rule requires meticulous planning and execution. Here are some steps to ensure you stay on the right side of this regulation: Preparation: Before initiating the rollover, ensure the receiving account is set up and can accept the rollover funds. Some accounts may have restrictions on the types of assets they can accept. Documentation: Keep accurate records of all transactions, including distribution and deposit slips, statements, and any correspondence with financial institutions involved in the rollover. Time Management: Mark your calendar with the 60-day deadline to ensure you don’t miss it. Aim to complete the rollover well before the 60-day window closes. Consult Professionals: Talk to tax professionals and financial advisors who can guide you through the process, particularly if you are rolling over complex assets or if the rollover involves multiple accounts. Follow-up: Once the rollover is complete, check your statements to confirm that the transaction has been accurately recorded and that no penalties or unnecessary withholding taxes have been applied. What Types of Plans Can I Roll Over? You can utilize the 60-day rollover rule to transfer funds between various types of retirement accounts, including: From Account Type To Account Types Permitted Within 60 Days Notes Traditional IRA Traditional IRA, SEP IRA, SIMPLE IRA (after two years), Roth IRA (as a conversion) Conversions to Roth result in taxable income Roth IRA Roth IRA Only once per 12 months across all your Roth IRAs 401(k), 403(b), 457(b) Traditional IRA, Roth IRA (if permitted by plan), another employer plan Requires distribution check options; Roth conversion taxable SIMPLE IRA (after two years) Traditional IRA, Roth IRA, another SIMPLE IRA (if same custodian) Before two years must roll into SIMPLE IRA SEP IRA Traditional IRA, Roth IRA Taxable upon Roth conversion Employer Plan (e.g. 401(k)) Employer Plan, Traditional IRA, Roth IRA (if plan allows) Plan must permit rollovers; check withholding on IRA conversions You can also roll over assets from Roth accounts to other Roth accounts, but different rules and tax implications may apply. Thoroughly research each type of account’s specific rules and features, as some may offer benefits that others do not. Why Make an IRA Rollover? Making an IRA rollover can offer several advantages: Consolidation: If you have multiple retirement accounts, consolidating them into a single IRA can simplify management and reduce administrative costs. Diversification: An IRA may offer investment options not available in a 401(k), allowing for a more diversified portfolio. Lower Fees: IRAs often have lower administrative fees than employer-sponsored plans like 401(k)s. Greater Control: With an IRA, you aren’t tied to an employer’s plan rules, offering greater control over your retirement savings. Direct vs. Indirect Rollovers There are two methods to perform a rollover: direct and indirect. Direct Rollover: In a direct rollover, the funds move directly from one retirement account to another without you ever touching the money. This is the safest and most straightforward way to conduct a rollover. It ensures that no taxes or penalties are applied to the transferred sum. Indirect Rollover: In an indirect rollover, you take a distribution from one retirement account and deposit it into another within 60 days. While this method offers more flexibility, it comes with the risk of missing the 60-day deadline, thereby incurring penalties and taxes. Direct rollover is generally the better option as it minimizes the risks associated with the 60-day rollover rule. Conclusion Understanding the 60-day rollover rule is crucial for anyone planning to move assets between retirement accounts. Failure to comply with this regulation can result in substantial financial penalties, including taxation and potential early withdrawal penalties. Safely navigating a rollover involves preparation, time management, and, perhaps most importantly, consulting with professionals to ensure you’re making the most of your retirement savings. With the right approach, you can leverage the 60-day rollover rule to optimize your investment strategy and secure a financially stable retirement. Whether you are new to gold investing or have been a collector for years, it is essential to research and work with a reputable dealer. American Bullion is a trusted resource for those looking to invest in gold IRAs, offering a wide selection of gold coins from around the world and expert guidance on which coins are right for you. So why wait? Invest in gold coins today and start building a brighter financial future. The post What Is The 60-Day Rollover Rule For Retirement Accounts in 2025? first appeared on American Bullion.

Bitcoin’s old four-year rhythm has been upended, according to CryptoQuant CEO Ki Young Ju. He argued on Thursday that the crypto’s cycle is no longer in existence, driven out by big players stepping in. His latest comments follow a public rethink after he called a market top just a few months ago and got it wrong. Institutional Buyers Rewrite Rules Based on reports, Bitcoin Spot ETFs and corporate treasuries are changing the game. In the first half of the year, treasury companies bought twice as much BTC as the ETFs did. That shows how deep pockets can fill the gap when veteran whales move out. Short sells and panic dumps used to knock prices hard. Now, a growing pool of steady institutional demand comes in right behind those exits. It’s a shift that could reshape Bitcoin’s usual peaks and valleys. Ki Young Ju first sounded the alarm in March, when Bitcoin hovered around $83,000. At that time, every on-chain metric pointed down. The bull score hit multi-year lows. BBMC indicators and the MVRV ratio flashed red warnings. Whale liquidations piled up, and many saw a bear market beginning. Market Indicators Flash Early Warnings Support levels stood strong after an April retest. Those same bears had to eat their words when Bitcoin bounced back. By May, prices broke past the January high and surged to $112,000. This month, BTC even hit $123,000 before taking a breather. That quick turnaround forced Young Ju to admit he was wrong—and to thank investors for showing him the mistake. He now says the old cycle theory no longer applies, since institutional players don’t follow the same playbook as retail buyers. Public companies like MicroStrategy (now Strategy) and other treasury-focused firms have become major holders. They treat Bitcoin as a reserve asset. ETFs Big Appetite Meanwhile, spot ETFs keep buying almost daily. That dual demand has built a solid floor under prices and given big whales less sway. Retail investors may still buy late and sell early. But now their moves are cushioned by far larger, long-term stakes. Experts See A New Phase Major voices in crypto echo this view. Michael Saylor has declared that the bear market era is no longer here. JAN3 chief executive officer Samson Mow and Binance CEO CZ even project that this cycle could take Bitcoin all the way to $1 million. Other big names in the industry, like ‘Rich Dad Poo Dad’ author Robert Kiyosaki, believe so as well. Those bullish calls come from people who back institutional growth over hype-driven swings. They see big money as a stabilizer rather than a speculator. Featured image from Meta, chart from TradingView

The US government has launched a new effort to extract valuable critical minerals, including rare earths, lithium, cobalt, and uranium, from mine waste and abandoned sites, aiming to reduce dependence on foreign suppliers and strengthen domestic production. Interior Secretary Doug Burgum has ordered a series of regulatory changes to streamline federal oversight and fast-track projects recovering minerals from coal refuse, tailings, and shuttered uranium mines. The directive includes updated guidance to make these recovery projects eligible for federal funding and requires faster review timelines for new proposals. It also directs the US Geological Survey to map and inventory mine waste on federal lands to identify sites rich in critical minerals. Research by the USGS and state geological agencies has already revealed promising sources, including tellurium in tailings at Utah’s Bingham Canyon copper mine and zinc and germanium in waste from the long-abandoned Tar Creek mines in Oklahoma. Rare earth elements have also been found in clay associated with coal seams in the Appalachian and Illinois basins. “This initiative reflects our unwavering commitment to achieving mineral independence and ensuring that America leads the way in advanced technologies that power our future,” Burgum said in a release. His department controls large swathes of federal land some of it home to abandoned mines and the initiative could turn environmental liabilities into economic assets. Acting Assistant Secretary of Lands and Minerals Adam Suess added that streamlining recovery efforts will help “unleash the full potential of America’s mineral resources to bolster national security and economic growth.” The move builds on Trump’s broader strategy to revitalize the US mineral sector, which has lagged behind global leaders like China in both production and processing. In March, Trump invoked the Defense Production Act to ramp up domestic processing of several key minerals.

Meet Little Pepe ($LILPEPE), the pint-sized amphibian on a quest to revive the heroic spirit that first drew us into the meme coin universe, but he’s doing it his way. Forget old, slow, and expensive. Little Pepe is about to show everyone how it’s really done. The presale is hopping, already raking in over $12M! Little Pepe blends iconic meme humor with smart tech, forging a pathway to success. A New Reign Built on Speed Little Pepe ($LILPEPE) isn’t just floating on a lilypad on the blockchain; it’s dived right into its own riptide lane. This isn’t a slow, clunky legacy system. It’s a dedicated Layer 2 blockchain, built into Ethereum, but supercharged for real-world hustle. The site proudly shouts that the EVM-compatible powerhouse is built for speed and efficiency, offering fees even lower than Polygon. Say goodbye to soul-crushing gas fees and hello to warp speed transactions. For the builders out there, this is your new playground, all the developer tools you know and love, but now with lightning-fast results. And to sweeten the deal: zero percent transaction taxes, whether buying or selling! The community’s already buzzing, making enough noise to get Little Pepe ranked #7 in the best crypto presales of 2025 list. The Presale Phenomenon: Hopping Across the Lilypad Stages Little Pepe’s whole life is plotted out for him. His destiny is set, and he has no choice but to succeed. We’re now in the ‘pregnancy’ phase, as the roadmap calls it — in other words, the presale. This phase has flown through multiple stages with astonishing speed, with regular announcements on the presale’s official X channel. The token price has increased incrementally with each stage, rewarding those who jumped in early and proving the demand for this kind of coin. The momentum speaks to the project’s appeal and success in hitting major milestones, attracting both casual meme fans and serious crypto enthusiasts. The Royal Riches: A $777 Treasure Hunt for the Loyal To kick things off with a bang, the $LILPEPE crew is throwing a party fit for a king, complete with a colossal giveaway. There’s $777K in tokens up for grabs, with ten lucky champions each bagging $77K. Who couldn’t use a wee windfall like that? If you want to join the hunt, it’s simpler than catching flies on a summer’s day. Just invest $100 or more in the presale on its official page. Then complete a few quick tasks: follow its social media, share the good word, and tag your fellow meme enthusiasts. The more you spread the royal decree, the higher your chances of hitting the jackpot. The giveaway has already attracted over 30K entries, proving the excitement is real. Remember, the magic only happens on the official site. Don’t fall for lookalikes. No one from the Little Pepe court will ever ask for your sensitive information. Stay savvy and safe. Hop in and buy $LILPEPE for $0.0017 from its official presale site, then stay alert for the giveaway! The Epic Saga: A Story for Web3 Every generation needs a king, and every king needs a legendary tale. $LILPEPE’s is one for the Web3 books. It’s the story of old meme empires falling and a new sovereign rising, backed by robust code and a passionate crew. Its roadmap reads like a novel, from royal birthright, all the way up to the epic quest for a $1B market cap. Is Little Pepe the true king of the meme coins? Time will tell, but the whole idea was to build something fun, but lasting. It’s not enough to great technology, you need a narrative that connects with the meme coin market. Little Pepe revives the original pioneering spirit of the best meme coins but defends its claim with state-of-the-art blockchain architecture. A New Reign Begins Little Pepe ($LILPEPE) is big in ambition, bigger in tech, and propelled by a community growing faster than a toadstool after the rain. As the whitepaper shares, ‘$LILPEPE isn’t just hopping into the crypto scene, he’s kicking down the door with dank memes, zero taxes, and a lightning-fast Layer 2.’ With the presale roaring ahead and the colossal giveaway still open, this could be one of the most exciting meme launches we’ve seen in a while. However, here’s the word of caution from a wise old frog. The crypto swamp can be unpredictable, and things can change faster than a chameleon changes color. Before you leap, do your own research and understand your limits. Only invest what you can afford.

Three workers who were trapped at Newmont’s (NYSE, ASX: NEM)(TSX: NGT) Red Chris mine in northwest British Columbia, Canada, have been safely rescued after more than 60 hours underground. Newmont said that Kevin Coumbs, Darien Maduke and Jesse Chubaty — contractors for B.C.-based Hy-Tech Drilling — were in “good health and spirits” after being brought to the surface late Thursday night. The rescue followed two significant rockfalls that occurred early Tuesday morning, blocking their exit and later cutting off communication. “This was a carefully planned and meticulously executed rescue plan,” the company said in a statement. Newmont said that, before losing contact on Wednesday, the men had confirmed they were in one of the mine’s refuge chambers with steady access to food, water, and air. They were rescued at approximately10:40 PM local time Thursday (2:40 AM ET Friday), following the complex, but carefully coordinated operation. Newmont halted all operations at Red Chris during the rescue efforts. The team used drones and a remote-controlled scoop, brought from the company’s Brucejack mine, to clear the massive debris—estimated at 20 to 30 metres long and up to eight metres high. Newmont credited the successful outcome to “tireless collaboration, technical expertise, and above all, safety and care.” B.C.’s Mining and Critical Minerals Minister Jagrup Brar said in a post in X he could not describe “the relief we all feel knowing that these three workers are going to be able to go home to their families.” 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. Red Chris, located about 80 km south of Dease Lake and 1,050 kilometres north of Vancouver, is a joint venture operated by Newmont (70%) and Imperial Metals (30%). The gold-copper mine has been in production since 2015. A full investigation into the incident is underway.

Bitcoin is making its first meaningful move since breaking its all-time highs and reaching the $123,000 level. After consolidating in a tight range for nearly two weeks, the price is now pulling back toward $115,000—marking a 6% decline from recent highs. While this retracement has stirred caution among short-term traders, data suggests there is little cause for concern at this stage. According to CryptoQuant’s Bitcoin Price Drawdown Analysis chart, the current 6% pullback remains well within the normal volatility range observed during prior bull phases. This suggests the move is more likely a healthy market reset than the beginning of a deeper correction. As Bitcoin tests the lower boundary of its former range, investors will closely watch for renewed strength or signs of distribution. For now, fundamentals and long-term holder data remain supportive, keeping bullish sentiment intact despite short-term volatility. The next few sessions may determine whether BTC can bounce decisively or enter a broader consolidation phase. Bitcoin Volatility Remains Within Norms As Market Enters Critical Phase According to top analyst Axel Adler, Bitcoin’s recent price action may appear sharp at first glance, but deeper analysis shows that current volatility remains well within normal historical ranges. Over the past quarter, Bitcoin’s most notable intraday drops on the 5-minute timeframe reached -10% in early June and -12% in mid-June. Meanwhile, the average weekly drawdown, represented by the green line on Adler’s chart, remains stable at 3.8%. The current -6% pullback—following Bitcoin’s recent breakout to $123K and its retrace toward $115K—sits only 2.2% deeper than this weekly average and is still far from the panic-triggering extremes seen in previous months. Despite the dramatic visual appearance, Adler emphasizes that the current correction aligns with a standard consolidation cycle often seen during bull markets. What makes this moment especially relevant is how other parts of the crypto market are behaving. While altcoins retraced heavily yesterday, today they are holding above key support levels, signaling potential strength and a possible shift in market dynamics. This resilience across major altcoins could mark a rotation of capital within the market, rather than an exit. BTC Falls Below Key Support as Volume Spikes Bitcoin has broken below the tight consolidation range it maintained for over two weeks, with price dropping sharply to a local low of $115,009 before slightly recovering to $115,759. This marks a clear technical breakdown of the horizontal channel between $115,724 and $122,077, as shown in the 4-hour chart. The breach below the lower bound coincided with a spike in volume, signaling decisive selling pressure from market participants. The drop pushed BTC below the 50-day (blue) and 100-day (green) simple moving averages (SMAs), both of which previously acted as dynamic support. The price is now hovering just above the $115,724 horizontal support zone, which is now being retested. A failure to hold this level could open the door to deeper retracements toward the 200-day SMA near $112,104, which could act as the next major support level. Technically, a bearish structure is developing in the short term, especially after the breakdown from the triangle-like compression (marked in blue). However, the elevated volume accompanying the move may also suggest capitulation from weak hands, which can precede a reversal. In the coming sessions, Bitcoin’s ability to reclaim the $118K level will determine whether bulls can regain control. Featured image from Dall-E, chart from TradingView

Ethereum is showing renewed strength after a sharp but short-lived pullback. Following its recent high of $3,860, ETH dipped to the $3,500 zone — a key level that quickly attracted buying interest. Now, price action is pointing upward again, with Ethereum pushing to reclaim the $3,700 range, signaling bullish momentum may be back in control. Despite the recent volatility, on-chain data support the case for continued upside. According to Santiment, whales have been aggressively accumulating ETH throughout the pullback. This surge in accumulation suggests that institutional players are positioning themselves ahead of the next leg of the rally, anticipating strength in the coming months. These strategic inflows have historically preceded sustained upward trends. The resilience around the $3,500 level, combined with the swift recovery attempt, underscores Ethereum’s strong bullish structure. With a favorable macro environment, regulatory clarity, and mounting institutional interest, Ethereum appears poised for continued expansion as the second half of the year unfolds. All eyes are now on whether this bounce holds and leads to a renewed breakout above resistance. Whales Add Ethereum as US Legal Clarity Boosts Bullish Outlook Ethereum’s bullish momentum is being reinforced by aggressive accumulation from major investors. According to analyst Ali Martinez, whales have purchased more than 1.13 million ETH—worth approximately $4.18 billion—over the past two weeks. This surge in buying activity marks one of the most significant accumulation phases in recent months and signals rising confidence among institutional players. The accumulation comes at a critical time for Ethereum, which has been consolidating near the $3,700 level after a brief pullback from its $3,860 high. This whale activity not only adds fuel to the ongoing price recovery but also strengthens Ethereum’s bullish structure heading into the second half of the year. Beyond market behavior, macro and regulatory shifts are also favoring Ethereum and the broader altcoin market. The recent passage of the GENIUS Act and Clarity Act by the US Congress marks a pivotal moment for crypto legislation. These new laws offer long-sought legal clarity for decentralized finance (DeFi) platforms and digital assets, encouraging US-based innovation and capital flows into the space. This evolving regulatory framework removes one of the biggest barriers for institutional adoption of Ethereum and DeFi. With clearer rules and a growing appetite for ETH among whales, the stage is set for a potentially explosive rally if current momentum holds. ETH Holds Strong After Pullback Ethereum (ETH) is showing renewed strength after a brief correction from its local top at $3,860. As seen in the 4-hour chart, ETH dipped to $3,500 but quickly bounced, reclaiming the $3,700 zone and closing in on key resistance at $3,776 and $3,860. This rebound indicates strong buyer interest and resilience in the uptrend. The price is now trading above all major moving averages (50, 100, and 200), which are stacked bullishly. The 50-SMA at $3,648 has provided dynamic support in recent sessions, while the 100-SMA and 200-SMA at $3,304 and $2,883, respectively, remain far below current price action—underscoring the strength of this upward move. Volume is picking up slightly as ETH consolidates in a tight range near resistance. A breakout above $3,860 would likely open the door to a move toward new local highs, while failure to breach this level may result in another test of the $3,648 support area. Featured image from Dall-E, chart from TradingView

Asia Market Wrap - Positive Sentiment Wanes A seven-day global stock rally slowed down in Asia as uncertainty about the Federal Reserve’s plans for interest rate cuts made investors more cautious. The MSCI All Country World Index dropped 0.2% as Asian stocks ended their longest winning streak since January. Hong Kong shares fell 1.1%, and Japan’s Topix index slipped 0.8% after hitting a record high on Thursday. Strong US jobs data on Thursday weakened the argument for Fed rate cuts. While no rate cut is expected at next week’s Fed meeting, expectations for further cuts this year have dropped to less than two after jobless claims fell for the sixth week in a row. Firms like Goldman Sachs and Citadel are advising clients to buy cheap hedges to protect against potential losses in US stocks, as risks could threaten the market’s record-breaking run. Major indexes have surged thanks to US trade deals and strong earnings reports. The S&P 500 has jumped 28% since April 8 and hit a new record on Thursday—its 10th in 19 days—driven by tech stocks. Wall Street’s fear gauge is at its lowest level since February. For more information on the Asian session, read Asia midday: Asia stock markets pull back as USD rebounds, Hang Seng Index (Chart of the day) UK Retail Sales Gets Summer Boost UK retail sales grew by 0.9% in June 2025, bouncing back from a 2.8% drop in May but falling short of the expected 1.2% increase. This was the fourth rise this year. Food sales went up by 0.7%, recovering from a 5.4% drop in May, thanks to better supermarket sales, especially beverages, boosted by warm weather. Fuel sales saw a big jump of 2.8%, the largest since May 2024, also helped by good weather. Online sales rose 1.7%, reaching their highest level since February 2022. Non-food sales increased slightly by 0.2%, with department stores and clothing shops benefiting from promotions and weather-driven demand. Excluding fuel, sales rose 0.6%, also recovering from a 2.8% fall. Compared to last year, retail sales grew by 1.7%, reversing a 1.1% drop in May, but just below the expected 1.8% growth. European Open - Earnings Mixed, Shares Slip European stocks fell on Friday, reversing gains from the previous day, as investors reviewed mixed corporate earnings and awaited updates on EU-US trade talks ahead of President Trump's tariff deadline next week. The STOXX 600 index dropped 0.4% to 549.36 points but was still set for small weekly gains. The UK's FTSE 100 also fell 0.4%, pulling back from its record high on Thursday, while most other European markets were also down. Investors celebrated trade deals with Japan, Indonesia, and the Philippines this week, but hopes for a US-EU agreement remain as talks continue. Financial stocks led the losses, falling 1.3%, while basic resources stocks dropped 0.6%, with Fresnillo down 2.3%. Among individual companies: Puma shares plunged 15.1% after cutting its full-year outlook and reporting weak results. JD Sports fell 1.5%. Valeo dropped nearly 9% after lowering its sales forecast. Traton, Volkswagen's truck unit, fell 4.4% after cutting its full-year outlook. On the positive side: Carrefour rose 6% after strong half-year results. Volkswagen gained 2.7% after the CEO announced plans to speed up cost cuts, recovering from an earlier 2.4% drop due to a revised outlook. NatWest rose nearly 2% after reporting better-than-expected profits and announcing a £750 million share buyback. In economic news, German business morale improved in July but less than expected. On the FX front, the yen strengthened to 147.10 per dollar, heading for a 1% weekly gain, its best since mid-May. A Reuters poll suggests Japan's central bank may raise rates by 25 basis points this year. The dollar index fell to 97.448, down 1% for the week, marking its weakest performance in a month. The euro held steady at $1.1754, close to its near four-year high of 1.183 earlier this month, and has risen 13.5% this year. The Australian dollar climbed to 0.6593, near an eight-month high, boosted by improved risk appetite after recent trade deals. Currency Power Balance Source: OANDA Labs Gold prices dipped on Friday as progress in U.S. trade talks reduced demand for safe-haven assets. However, a weaker dollar helped limit the decline. The precious metal is once again below the $3350/oz handle. Oil prices held steady on Friday, supported by optimism over trade talks boosting the global economy and oil demand, while news of possible increased supply from Venezuela kept gains in check. Brent crude rose 38 cents (0.55%) to 69.56 a barrel, and US WTI crude increased 34 cents (0.51%) to 66.37. For the week, Brent was set for a 0.4% gain, while WTI was down 1.44%. Economic Data Releases and Final Thoughts Looking at the economic calendar, US durable goods orders are on their way later in the day. In the interim, trade deal negotiations should continue to dominate the conversation. It will also be interesting to see if Fed Chair Powell faces fresh criticism following the Trump administration visit. Such a move could lead to further USD weakness. 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 has pulled back from yesterday's all-time highs around 9163 to trade around 9112 at the time of writing. A brief move higher this morning may keep bulls interested but it does appear that trade deal optimism may be waning. A trade deal announcement between the EU and US or UK and US could help ease tensions at a faster rate. The FTSE has broken back below the 70 level on the RSI period 14 (see chart below). A break of the 50 level could be another sign that bearish momentum is building. Should such a move not occur. Caution may be the best way to proceed as a renewed rally to the upside could materialize. Immediate support rests at 9110 before the 9048 and 9000 handles come 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 25. 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.

Overview: The greenback is firm as the week winds down. Next week could be one of the most eventful of the year, with FOMC meeting, US and eurozone Q2 GDP, US PCE deflator and jobs data, and the August 1 "reciprocal tariff" extension deadline. The recovery in US rates has seen the dollar rise toward JPY148 from below JPY146 yesterday despite rising expectations that the Bank of Japan can raise rates again later this year. The UK's string of poor economic news continued today with a smaller than expected recovery in June retail sales (0.9%) after a 2.8% drop in May. After falling almost 0.55% yesterday, sterling is off another 0.35% today. Emerging market currencies are mostly weaker. The PBOC set the dollar's reference rate higher for the first time in four sessions. Stocks and bonds are mostly heavier today. After Japan's Topix set a record high yesterday, it came off around 0.85% in a sea of red in the region. Among the large markets, only South Korea's Kospi eked out a gain. Europe's Stoxx 600, which rose for the past two sessions, is seeing its gains pared today (~-0.3%). US index futures are little changed. European benchmark 10-year yields are 4-6 bp higher. Yields are mostly 13-15 bp higher this week. Poor data has lent support to the UK Gilts and that 10-year yield is up about six basis points this week. The 10-year US Treasury yield is a couple basis points higher, near 4.42%, which is up about four basis points on the week. Gold was sold to a new low for the week (~$3343.25). It peaked this week on Wednesday near $3439 to record the high for the month. September WTI reached a high for the week around $66.75 earlier today but has come back off and is near session lows a little above $66.00. The US oil rig count has fallen for 15 consecutive weeks (to 422), and Baker Hughes estimate is due later today. USD: The sixth consecutive decline in weekly jobless claims and the stronger-than-expected July composite PMI (54.6 vs. 52.9 in June), where growth in services offset the first sub-50 reading in manufacturing this year lifted the dollar on the back of firmer US interest rates. The Dollar Index rose for the first time since last Thursday. It briefly traded above 97.50 yesterday and reached slightly above 97.70 today. A band of resistance extends toward 97.80. That said, the five-day moving average is slipping through the 20-day moving average. Economists project a slowing of private investment in Q2 and Q3, and today's preliminary estimate of June durable goods orders and shipments are expected to slow sequentially. A drop in Boeing orders is going to see a large unwinding of the 16. 4% increase in May orders. Excluding defense and aircraft orders, durable goods orders may have eked out a small gain after a 1.7% surge in May. Shipments of those core orders, a proxy for capex, are expected to slow to half of May's 0.4% increase. A 0.2% gain would translate to 1.6% annualized gain in Q2 after a 5.6% annualized increase in Q1 and 2. 4% in Q4 24. Next week is among the busiest of the year, with the first estimate of Q2 GDP, the FOMC meeting, PCE deflators, the July jobs report and the next "liberation day" August 1 for US tariffs. EURO: The euro has risen above the previous day's high and held above the previous day's low for the past five sessions. It reached almost $1.1790 yesterday, its best level since July 7 before stalling. It slipped below $1.1735 today. A break of $1.1730 could see $1.1700-20 probed in North America today. Still, the market took a hawkish message from the ECB which stood pat yesterday. The swaps market reduced the chances of a rate cut before the end of the year to about 60% from almost 90% at the close of Wednesday. The anticipated year-end target rate is the highest in more than three months. The US two-year premium over Germany has narrowed to about 197 bp, the least in about three weeks. The daily momentum indicators are also turning higher. Separately, the eurozone's M3 money supply rose by 3.3% in June, slowing from 3.9% in May, and the weakest growth since last September. It has been chopping between 3.7% and 3.9% this year. Before the pandemic, it rose 4-5% (2018-2019). Lending improved. Loans to businesses rose 2.7% (vs. 2.5% year-over-year in May) and to 2.2% households (2.0% in May). Lastly, as measured by the IFO survey, German expectations ticked up in July to 90.7 from 90.6, the highest since April 2023 and the current assessment improved to 86.5 from 86.2. The measure of the overall business climate reached 88.6 (from 88.4). It has not fallen this year, and the July reading is the best since last May. CNY: The yuan rose to a new high for the year yesterday in both its onshore and offshore versions. Against the offshore yuan, the dollar's decline has seen it meet the (61.8%) retracement of the rally since last September. As the dollar did more broadly, it also recovered against the yuan from almost CNH7.1440 to CNH7.1565. It has extended its recovery today and it is knocking on CNH7.17 in the European morning. Above there, the next target is near CNH7.1730 and then CNH7.1800. The dollar is posting one of its biggest gains since the end of May today. After three days of lower dollar fixes, the PBOC set it higher today (CNY7.1419 vs CNY7.1385 yesterday). Some of the observers who argued that Beijing was going to devalue the yuan now call on it to allow faster appreciation. Note that the onshore yuan rose by nearly 0.60% in Q1 and 1.3% in Q2. China will report June industrial profits over the weekend. They fell 9.1% year-over-year in May, while the year-to-date, year-over-year measure contracted by 1.1%. We argue that China's model of capital is reminiscent in some important ways with what had previously been called the "Rhine Model”. Access to patient capital (banks instead of markets) encourages competition for market share rather than profits. The decentralized planning (local government) and the competition among provinces also provide incentives for over-investment and excess capacity in China. Many observers who focus on under-consumption insist on only considering it as a percentage of GDP. They tend to ignore or downplay the outright rise in consumption in China. A fair reading of the data recognizes that consumption is rising but investment has risen as fast if not faster. Also, the observers focusing on under-consumption conflate producer goods and consumer goods. Producer goods like steel or cement, for example, will not be absorbed by Chinese households. JPY: The dollar reached session highs near midday in New York yesterday a whisker shy of JPY147.00. Follow-through buying today extended the gains to JPY147.90 today, the (61.8%) retracement of the pullback from last week's high (~JPY149.20). The US 10-year yield peaked about an hour after the sixth consecutive decline in US weekly jobless claims and about 15 minutes before the firm US PMI (outside of manufacturing). The US Treasury yield is firmer today. The rolling 30-day correlation of the changes in the exchange rate and the US 10-year yield (~0.70) remains near the upper end of its (five-year) range. Tokyo's CPI has not risen since April when it reached 3.4% year-over-year, its highest level since January 2023 when the multiyear high was recorded at 4.4%. It slipped for the second consecutive month in July and at 2.9% (vs. 3.1%), it is the lowest since February. The core measure, which excludes fresh food, also eased for the second straight month to stand at 2.9% (from 3.1%). At averaged almost 2. 4% in Q1 25 and nearly 3. 4% in Q2. The measure that excludes fresh food and energy was flat at 3.1%. Lastly, the swaps market has 21 bp of tightening discounted at the end of year. A week ago, it was 16 bp and at the end of June 14 bp were discounted. GBP: Sterling's recovery stalled around 12/100 of a cent beyond the (50%) retracement of the leg down that began earlier this month from almost $1.3800. The disappointing PMI saw sterling slip through Wednesday low to nearly $1.3500 yesterday. It looked vulnerable, and the disappointing retail sales report today sent sterling to support near $1.3450. The risk extends toward $1.3400, though the intraday momentum indicators are stretched. UK retail sales bounced after a dramatic 2.7% decline in May. However, the 0.6% gain was half of what was expected and leaves UK retail sales lower in Q2 from Q1. Retail sales rose a cumulative 2.1% in Q1 and fell by 0.6% in Q2. This follows the unexpected 0. 1% contraction in May GDP (after a 0.3% decline in April's output). UK growth led the G10 in Q1 with a 0. 7% quarter-over-quarter expansion. The 0.1% growth economists penciled in for Q2 would likely put the UK toward the bottom of G10 performances in Q2. CAD: The greenback put a low in nearly a three-week low on Wednesday near CAD1.3575 and reached CAD1.3645 yesterday. The US dollar gains have been extended to CAD1.3680 today. It has met the (50%) retracement of the leg lower from the July 17 high (~CAD1.3775). The next retracement (61.8%) is closer to CAD1.3700. Dragged down by autos and part, Canadian retail sales tumbled 1.1% in May, as StatsCan preliminary data warned. Yet, the data warns that the Canadian consumer has pulled back. Excluding autos, retail sales fell (-0.2%) for the third consecutive month. Statscan also reported that 32% of retailers indicated they were impacted by the trade tensions with the US, down from 36% in April. The most frequently cited impacts were price increases, increased cost for raw materials, shipping, or labor. and shifts in demand. Sales fell in 9 of the 10 provinces (Nova Scotia saw sales of building materials and garden equipment underpin the increase). The pessimism was contained by Statscan early estimate that sales rebounded 1.6% in June. AUD: The Australian dollar's four-day rally ended yesterday but only after it set a new high for the year at $0.6625. The Aussie looks tired after rallying ~2.65% (~1. 7 cents) since the low on July 17 (~$0.6455). It has pulled back further today and is testing the $0.6555 area late in the European morning. Support is seen next around $0.6520-40. On July 17, the Aussie frayed the lower Bollinger Band and yesterday, it frayed the upper band (~$0.6620). The middle of the band and the 20-day moving average is about $0.6550 today. The net effect of this week's developments, including comments from Reserve Bank of Australia Governor Bullock is that the futures market scaled back thoughts of three cuts between now and the end of the year. A week ago, the futures market had a little more than 66 bp of cuts discounted for this year and now it is a little less than 60 bp. The pricing still seems too much and barring a significant downside surprise in next week's Q2 CPI, we suspect it can drift toward 50 bp. MXN: After setting a new low for the year near MXN18.5250 on Wednesday, the greenback remained in the trough yesterday. It was unable to do more than poke above MXN18.59. It remains in a narrow range today (~MXN18.5250-MXN18.5735). The momentum indicators did not get over-extended but have turned down. A move into the MXN18.35-40 area looks reasonable. Mexico reported slightly softer than expected CPI for the first half of July. The headline pace slowed to 3.55% year-over-year. That is the lowest since the end of January. The year-over-year core inflation rate slowed for the first time since the first half of March. 4.25% pace compares with 4.38% in the second half of June. It has not been below 4% since the first half of May. Disclaimer

HYPER crypto is bullish, adding 50% in 48 hours. With bulls in charge, will the token hit $1? Hyperlane releases Warp Routes 2.0, enhancing its interoperability appeal. The crypto market is finding value at around $4 trillion. With Bitcoin struggling to breach $120,000 and Ethereum surging, investors are rapidly seeking some of the best cryptos to buy. Among the over 17,700 coins and tokens listed on Coingecko, Hyperlane has been trending over recent trading days. Its native token, HYPER, is trading near all-time highs, with momentum building steadily. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 HYPER Crypto Surges 50% in 2 Days: Is $1 Next? Over the past two days, HYPER6 (No data) crypto surged over 50% before consolidating, as expected from volatile tokens. Despite the pullback, prices remain within a broad range set on July 23 and 24, and the uptrend persists, offering potential opportunities if prices break higher. Technically, HYPER is in a bullish breakout formation following a leg up on July 10. Although prices dipped afterward, HYPER found support around $0.35 before climbing. If the gains from the past 48 hours are confirmed, the coin could print higher highs, breaking out from a bull flag. Rising trading volume at recent swing highs suggests trader interest and possible accumulation. HYPER6PriceHYPER624h7d30d1yAll time At this pace, HYPER could break its all-time high of nearly $0.70 and rally to $1, a key psychological level. This surge would mark a major milestone for HYPER, which has already risen 400% from its all-time low on June 22. Bithumb and Upbit Listings On July 10, HYPER prices soared after being listed on Upbit and Bithumb, two of South Korea’s top exchanges. Hyperlane plays a vital role in blockchain interoperability, connecting over 170 blockchains. It supports multiple virtual machines, including Ethereum, Solana, and Cosmos. It offers a permissionless framework that eliminates the need for traditional bridges, enabling developers to deploy cross-chain solutions without intermediaries. Release of Warp Routes 2.0 With Warp Routes 2.0, Hyperlane introduces collateral-agnostic bridging, allowing protocols to accept assets from multiple source chains without manual unwrapping. By integrating Everclear and Circle’s CCTP for native rebalancing, Hyperlane addresses liquidity fragmentation, making cross-chain operations simpler and cheaper. This upgrade enhances Hyperlane’s appeal for DeFi protocols like VelodromeFi Superswap and RelayProtocol Vaults, as well as developers building cross-chain dapps. The upgrade is crucial as Hyperlane expands, recently deploying on Ethereum Layer-2 Starknet and supporting Solana-based Eclipse. DISCOVER: Next 1000x Crypto – 13 Coins That Could 1000x in 2025 Hyperlane HYPER Crypto Up 50% in 2 Days, Up Next $1? HYPER crypto up 50% in 2 days Bulls building on gains of June 20 Hyperlane is an interoperability platform Developers release Warp Routes 2.0 upgrade The post Hyperlane HYPER Crypto Soars 50% in 48 Hours: Is $1 Next? appeared first on 99Bitcoins.

The Japanese yen is down for a second straight day. In the European session, USD/JPY is trading at 147.87, up 0.60% on the day. The yen climbed 1.2% early in the week but has reversed directions and pared most of these gains. Tokyo Core CPI falls to 2.9% Tokyo Core CPI, which excludes fresh food, rose 2.9% y/y in July, down from 3.1% in June and below the consensus of 3.0%. Tokyo Core CPI has slowed for a second straight month but still remains well above the Bank of Japan's target of 2%. The driver behind the deceleration was lower costs for energy, water and rice. Still, food prices, especially rice, have been soaring and disgruntled voters punished the government in the recent election, depriving it of a majority in parliament. The so-called "core-core CPI", which excludes fresh food and fuel and is closely monitored by the BoJ, remained unchanged at 3.1% and matching the consensus. The BoJ wants to see sustainable underlying inflation and this strong reading is encouraging. BoJ expected to hold rates next week The BoJ meets next week and is widely expected to consider its wait-and-see stance. The central bank hasn't raised rates since January, as US President Trump's tariffs stifled any hopes that that the BoJ would gradually raise rates in the first half of the year. This week's announcement that the US and Japan had reached a trade deal has raised expectations that the BoJ will hike rates before the end of the year. Deputy Governor Shinichi Uchida said that the trade deal removed uncertainty and raised the likelihood that inflation would remain sustainable at 2%, a prerequisite for further rate hikes. The BoJ isn't likely to change any policy settings at the upcoming meeting, but will provide an updated quarterly report which will likely refer to the US-Japan agreement. The BoJ could revise upwards its inflation forecast, which would raise expectation of a rate hike in the coming months. USD/JPY Technical USD/JPY has pushed above resistance at 147.12 and 147.47. Above, 148.11 is under pressure146.48 and 146.13 are the next support levels USDJPY 1-Day Chart, July 25, 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.

Bitcoin’s summer melt-up has come to an abrupt halt. The benchmark cryptocurrency slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours, its weakest print in a fortnight. The 2.7 percentage-point slide followed an unmistakable on-chain signal: Galaxy Digital quietly pushed more than 10,000 BTC—worth about $1.18 billion at the time—onto major exchanges in less than eight hours, according to wallet-tracking firm Lookonchain. Galaxy Digital Triggers Bitcoin Slide “Bitcoin sell-off still underway! Galaxy Digital deposited another 2,850 BTC ($330.44M) to exchanges,” Lookonchain warned on X in the early European morning hours, noting that the transfer originated from a Satoshi-era whale that re-awakened this month. Prior to that, the analytics account posted an alert: “Note that Galaxy Digital has deposited over 10,000 BTC ($1.18B) to exchanges in the past 8 hours!” Screenshots of Arkham Intelligence dashboards showed a series of multi-million-dollar transactions converging on Binance, Bybit and OKX. The flows are the latest chapter in a saga that began on 4 July, when an address dormant since 2011 started chopping an 80,009-BTC trove into 10,000-coin tranches. By 18 July the final 40,191 BTC—worth $4.8 billion—had landed at Galaxy, a move many analysts interpreted as a potential sale. That potential is now reality. On-chain data shows Galaxy sends Bitcoin to various crypto exchanges almost every minute to sell it. The BTC price is reacting with textbook symmetry: spot BTC slipped through $118,000 during the Asian session before knifing to $116,000 as London desks opened, wiping roughly $55 billion from bitcoin’s market value in just 4 hours. Galaxy Digital, run by billionaire Michael Novogratz, offered no public comment at the time of writing and has not filed any Form 8-K that might indicate a balance-sheet reshuffle. The firm’s most recent media appearance came on CNBC yesterday, where Novogratz repeated his view that Ether could “outperform” bitcoin over the next few months,” but did not hint at near-term selling. While motives remain opaque, market spectators were quick to theorise. “Looks like the Bitcoin selloff is Galaxy Digital market dumping from a batch of 80K BTC. Could be because they were asked to for a client, something related to Saylor, or moving into Ethereum as Novogratz suggested ETH may move more than BTC in the next few months (today on CNBC). Not worried. They have about 27K left to sell (if they’re selling the full 80k), people buy, life goes on, it continues upwards,” the crypto-focused account Autism Capital posted via X. Capriole Investments founder Charles Edwards commented via X: “At the same time that this OG whale is dropping 10K slugs into spot markets today, we have 30K of leveraged longs opening on the dip. Not a price prediction and changes nothing mid- to long-term, but this is not a great sign for the short-term price action. Even if all 80K BTC are nuked, if Treasury Company demand remains consistent, it will all be consumed in a couple weeks.” At press time, BTC traded at $115,476.

Michael Saylor is back at the Bitcoin buffet, and this time he brought a bigger plate. Strategy Inc. has expanded its preferred equity raise from $500 million to $2 billion, doubling down (or should we say quadrupling down) on its BTC ▼-1.69% accumulation campaign. The Series A Perpetual Stretch Preferred Shares are set to price at $90 with a 9% dividend, according to Bloomberg. “The company is poised to price the shares at $90 each, the bottom of a marketed range,” – Unnamed source, Bloomberg The move reflects both persistent demand for Bitcoin-linked exposure and Saylor’s ongoing conviction that BTC belongs at the core of modern treasury strategy. BitcoinPriceMarket CapBTC$2.31T24h7d30d1yAll time Michael Saylor: ‘Why This Matters for Bitcoin and Institutional Investors’ Strategy already holds 607,770 BTC, valued at roughly $72.4 billion, which represents over 3% of Bitcoin’s total circulating supply. The fresh $2 billion in preferred equity could push that number even higher. The offering is being led by Morgan Stanley, Barclays, Moelis & Co., and TD Securities and includes 5 million shares that rank senior to most of Strategy’s existing preferred and common shares, but remain junior to its convertible debt and “Strife” preferred class. Michael Saylor has described Strategy’s fundraising mechanism as a “quadratically reflexive, engineered instrument” that allows the company to buy Bitcoin at favorable prices using capital raised at high valuations. The idea is simple: raise funds through preferred stock or bonds when Strategy stock is riding high, then deploy that capital to accumulate Bitcoin, which may boost the company’s valuation even further. Rinse, repeat. Saylor is a mad lad. BTC Market Reaction and Outlook At the time of writing, Bitcoin (BTC) trades near $115,300, down slightly on the day. Shares of Strategy hovered near even during Thursday’s session but slipped 0.44% in after-hours trading. Despite the dip, momentum remains strong, and institutional sentiment continues to lean bullish. Whether this approach continues to reward investors depends largely on one variable: the price of Bitcoin. But in the world of crypto maximalism, Saylor is primed to become the next Warren Buffett. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress DISCOVER: Best Meme Coin ICOs to Invest in Today Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Strategy Inc. has expanded its preferred equity raise from $500 million to $2 billion, doubling down on its BTC gamble. Bitcoin (BTC) trades near $115,300, down slightly on the day. Shares of Strategy hovered near even during Thursday’s session but slipped 0.44%. The post Michael Saylor’s Strategy Secures $2 Billion to Fuel Bitcoin Accumulation appeared first on 99Bitcoins.