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Tungsten miner Almonty Industries (TSX: AII) (NASDAQ: ALM) raised $90 million in its NASDAQ debut on Monday, issuing 20 million common shares at $4.50 each in the public offering. By midday, the stock traded at $4.85 apiece. Almonty’s Toronto-listed shares fell 14.3% to C$6.70, for a market capitalization of C$1.3 billion ($950 million). The company, which also trades in Frankfurt, Australia and previously on the US OTC market, initially planned to raise $75 million through the NASDAQ uplisting to fund a tungsten oxide facility in South Korea. The public offering follows approval from Almonty shareholders earlier this year of relocating the company’s jurisdiction of incorporation from Canada to Delaware to reflect the growing importance of the US market in its strategic positioning. Tungsten, while having a small market, is the material of choice for key defense applications such as high-density, armour-piercing projectiles. The mineral is required in US Department of Defence (DoD) contracts. Almonty currently has a 15-year deal with an unnamed defense company. Despite its strategic importance, the US has stopped producing its tungsten since 2015, and is now entirely reliant on imports. China, its main rival, dominates global tungsten production, accounting for over 80% of last year’s total output of 81,000 tons, according to the US Geological Survey. Due to growing tensions between the two nations, the DoD last year banned its contractors from buying China-mined tungsten starting 2027, meaning the US will need to shift to other nations to source the material. Almonty is looking to fill that void by developing a vertically integrated tungsten operation centered around the historic Sangdong mine in South Korea, which is expected to begin production this year. It also plans to build a processing facility nearby, which could take the production of tungsten oxide (WO3) from the entire operation to 4,750 tonnes annually. In its presentation, Almonty said its South Korean operation has the potential to produce over half of the world’s tungsten, as it hosts the largest tungsten deposit globally by inferred resources, with one of the highest grades. In addition to the Sangdong mine, the company also owns and operates a mine in Portugal.

🚀 Bitcoin Rompe Novas Máximas Históricas com Apoio Institucional e Expectativa Regulatória nos EUA Por Igor Pereira – Analista de Mercado Financeiro e Membro Junior WallStreet NYSE ExpertFX School – Julho de 2025 O Bitcoin (BTC/USD) iniciou a semana em forte alta, renovando suas máximas históricas acima de US$ 121.000, impulsionado por fluxos institucionais recordes e pela expectativa de avanços regulatórios nos Estados Unidos durante a chamada “Crypto Week” no Congresso americano. 🏛️ Legislação Cripto nos EUA: O Gatilho da Alta O novo rali do BTC vem sendo alimentado por otimismo em torno de três projetos de lei estratégicos que serão debatidos na Câmara dos Representantes dos EUA nos próximos dias: Genius Act Clarity Act Anti-Surveillance CBDC Act Essas propostas visam estabelecer diretrizes claras para stablecoins, custódia de ativos digitais e limites para moedas digitais de bancos centrais (CBDCs). A aprovação de qualquer um desses projetos pode representar um divisor de águas para a indústria cripto, promovendo segurança jurídica, atração de capital institucional e inovação financeira. 🏦 ETFs e Apoio Institucional: Um Novo Ciclo de Demanda Os ETFs de Bitcoin à vista nos EUA, como o $IBIT da BlackRock e o $FBTC da Fidelity, continuam registrando entradas históricas de capital. 📌 Destaques institucionais: BlackRock já detém mais de US$ 40 bilhões em BTC via seus fundos. Fidelity e Ark Invest aumentaram suas posições no segundo trimestre. Family offices e fundos de pensão estão migrando para cripto como proteção contra risco fiscal e monetário nos EUA. 📉 Dólar Fraco e Juros Reais Baixos: O Ambiente Perfeito Apesar da leve alta dos rendimentos dos Treasuries, os juros reais seguem baixos, e o dólar americano (DXY) recuou para 97,6 pontos, pressionado pelas expectativas de cortes de juros até o fim de 2025. 📈 BTC/USD: US$ 121.199,70 📉 DXY (USD): 97,6 Esse ambiente macro — com juros reais moderados, injeção de liquidez e expansão fiscal — reforça a atratividade de ativos escassos, como BTC e ouro. 🔶 Impactos no Ouro (XAU/USD) Embora o ouro também esteja em tendência de alta, a recente explosão do BTC fez com que parte do fluxo de proteção migrasse para cripto. BTC XAU/USD em 2025: BTC: +146% YTD Ouro: +18% YTD Ambos refletem desconfiança crescente sobre a sustentabilidade do déficit americano e a autonomia do Federal Reserve diante das pressões políticas da Casa Branca. 📊 Expectativa Técnica para o BTC/USD Tendência: Claramente bullish Próxima resistência: US$ 125.000 Suporte-chave: US$ 112.500 (média de 21 dias) RSI: Acima de 75, indicando momentum extremo, mas sem sinais claros de reversão Volume institucional: Crescente e dominante — o que reduz a probabilidade de correções abruptas de curto prazo 🧠 Conclusão do Analista Nos próximos dias, os mercados estarão atentos a cada fala vinda do Congresso americano. A simples sinalização de avanço legislativo pode catapultar o BTC a novas máximas em um curto espaço de tempo. Créditos: Igor Pereira – Analista de Mercado Financeiro e Membro Junior WallStreet NYSE ExpertFX School – Julho de 2025

🇺🇸 Casa Branca Pressiona Fed, Trump Ameaça Rússia com Tarifas: Cresce o Risco de Intervenção Política na Política Monetária dos EUA Por Igor Pereira – Analista de Mercado Financeiro e Membro Junior WallStreet NYSE ExpertFX School – Julho de 2025 A tensão institucional nos Estados Unidos aumentou significativamente nesta segunda-feira (14), após uma série de declarações da Casa Branca e do Federal Reserve sinalizarem choques políticos, incerteza regulatória e pressões sobre a independência da política monetária americana. O conselheiro sênior da Casa Branca, Kevin Hassett, sugeriu que o Fed precisa de "mais supervisão do Congresso" e criticou fortemente os gastos da autoridade monetária com reformas em seus prédios — uma pauta que pode servir como argumento jurídico para tentar demitir Jerome Powell antes de 2026. Em paralelo, o próprio presidente Donald Trump voltou a criticar Powell abertamente, defendendo uma taxa de juros de 1% nos EUA para facilitar o financiamento do seu ambicioso pacote fiscal. 💣 Ameaças Comerciais Contra Rússia Em outro movimento que eleva o risco geopolítico global, Trump declarou estar "insatisfeito com a Rússia" e prometeu impor tarifas de 100% em 50 dias caso não haja acordo comercial. Além disso, o governo pretende aplicar sanções secundárias contra países que comprarem petróleo russo, elevando o risco de fragmentação comercial global. 🏦 Fed Divide-se Internamente e Mantém Postura Restritiva Enquanto isso, o membro do Fed Hammack reforçou que, embora veja uma economia saudável, a inflação ainda está acima da meta, e que não há urgência para cortes de juros no curto prazo. Destacou ainda que: O Fed está próximo da taxa neutra. Muitos planos empresariais estão congelados pela incerteza. Ainda não há clareza sobre os efeitos das tarifas. ⚠️ Impactos no Mercado Financeiro 🔶 Ouro (XAU/USD): O metal precioso subiu quase 1% nos últimos dois dias, beneficiado por: Crescimento das incertezas políticas e fiscais nos EUA. Deterioração da credibilidade institucional do Fed. Ameaças geopolíticas (Rússia, Brasil, China). Zona crítica atual: $3.355: resistência próxima. $3.325: suporte na média de 50 dias. Caso o Fed perca credibilidade, o ouro tende a acelerar para $3.400–$3.500. ₿ Bitcoin (BTC/USD): O BTC já acumula +US$ 15.000 de alta desde o pacote fiscal ("Big Beautiful Bill") aprovado em 3 de julho, cotado agora em US$ 121.199,70. Investidores veem o BTC como alternativa frente à possível submissão do Fed à pressão política. ETFs institucionais (como $IBIT) quebram recordes de captação. 💵 Índice do Dólar (DXY): O DXY caiu para 97,6, refletindo: Aumento da percepção de risco político. Dúvidas sobre a independência do Fed. Temor de nova rodada inflacionária se o Fed ceder a Trump. 📌 O Que Esperar? Se o Fed mantiver postura firme, o mercado pode acalmar temporariamente. Se Powell for demitido ou o Fed ceder, haverá um movimento agressivo nos ativos de proteção (ouro, BTC), enfraquecimento do dólar e potencial sell-off em Treasuries. A ameaça comercial contra a Rússia pode reacender preocupações energéticas, afetar o petróleo e gerar instabilidade na Europa. 🧠 Conclusão do Analista Estamos diante de uma possível ruptura entre o Executivo e o Banco Central americano. A tentativa da Casa Branca de interferir na política monetária pode desencadear fortes reavaliações de risco por parte de investidores institucionais. Créditos: Igor Pereira – Analista de Mercado Financeiro e Membro Junior WallStreet NYSE ExpertFX School – Julho de 2025

Bitcoin has reached a new all-time high once again, surging to $123,200 earlier today, a move that has reignited bullish sentiment across the cryptocurrency market. After weeks of steady consolidation and strong institutional inflows, the top cryptocurrency continues its upward momentum, breaking past key psychological levels and entering uncharted territory. One of the most notable developments fueling this surge is the rise in demand from so-called “accumulator” addresses. According to top analyst Darkfost, these wallets—classified by their consistent behavior of only accumulating BTC without any history of selling—have hit a new record high in 2025. This group of addresses is often associated with high-conviction holders, including long-term retail investors, institutional participants, and funds with strategic positioning. The spike in accumulator activity reveals a deeper layer of confidence in Bitcoin’s long-term trajectory. Even with BTC above $120,000, these addresses continue to stack sats aggressively, suggesting that smart money is not waiting for lower prices. Instead, they appear to be preparing for a potential continuation of the bull cycle. Accumulators Add BTC, But Will They Hold Through Volatility? As of today, Bitcoin accumulator addresses have collectively added approximately 248,000 BTC, well above the monthly average of 164,000 BTC. This significant uptick highlights a sharp increase in demand over a short period, indicating that long-term players are actively positioning themselves despite Bitcoin continuing to post new all-time highs. These addresses, often associated with entities that have never sold BTC, are typically viewed as highly sophisticated investors with long-term horizons. The recent surge in accumulation suggests these players see continued upside potential, even after Bitcoin reached $123,200. Their behavior reflects strong market confidence and a belief that the current rally may be far from over. However, there is a caveat. If Bitcoin enters a phase of correction or prolonged consolidation, some of these addresses may begin to exit their positions. Doing so would strip them of their accumulator status and introduce substantial selling pressure into the market. With the 248,000 BTC added now worth around $30 billion, any significant liquidation from this cohort could impact short-term price stability. This week will be particularly crucial. The highly anticipated “Crypto Week” in Washington begins, with the US House of Representatives scheduled to discuss and vote on key crypto regulatory bills. The outcomes could drive volatility and influence whether these accumulators continue to hold or begin to fold. Bitcoin Breaks Out With Strong Momentum Above $120K The 8-hour chart shows Bitcoin has decisively broken out above the key resistance at $109,300, accelerating sharply to reach new all-time highs at $123,200. This breakout follows weeks of consolidation between the $103,600 and $109,300 levels, during which Bitcoin established a solid base of support. The move was accompanied by a notable surge in volume, confirming strong buyer conviction behind the rally. Technically, BTC is now trading well above its 50, 100, and 200-period simple moving averages (SMAs), which currently sit at $110,795, $108,079, and $106,980, respectively. The bullish alignment of these moving averages supports the ongoing uptrend and indicates that buyers have regained full control of the market structure. The explosive breakout above $110K suggests the market has entered a price discovery phase, where historical resistance levels offer little guidance. If Bitcoin manages to hold above $120K in the coming sessions, this level may flip into new support. Featured image from Dall-E, chart from TradingView

The Japanese yen is trading quietly on Monday. In the North American session, USD/JPY is trading at 147.47, up 0.04%. The US dollar posted strong gains last week, as USD/JPY jumped 2.0%, its best week since December 2024. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Jaguar Mining (TSX: JAG) says it has negotiated a significantly reduced environmental fine with Brazil’s Minas Gerais state government related to a tailings rupture that occurred at the company’s MTL mine complex in late 2024. The penalty stems from an infraction notice issued by the State Secretariat for the Environment and Sustainable Development (SEMAD) following a partial rupture in the Satinoco tailings pile at the company’s Turmalina gold mine, part of the MTL complex located 130 km northwest of Belo Horizonte. The incident, which occurred in early December, displaced hundreds of local residents and affected multiple structures in the surrounding area. Jaguar was forced to suspend mine operations immediately and received a fine of 320 million reais ($52.5 million) in January. In a press release Monday, the company announced it has reached an agreement with SEMAD to pay a much lower fine of approximately 60 million reais ($10.8 million). Jaguar Mining traded 2.4% higher at C$3.78 as of 11:30 a.m. ET on the news, for a market capitalization of C$299.8 million ($219.3 million). The company has now recovered its losses from the tailings incident, which took its stock to as low as C$1.97 apiece. Landmark settlement This landmark settlement underscores Jaguar Mining’s proactive engagement and unwavering commitment to responsible corporate conduct, strengthening its financial position and providing clarity for future operations, it said in a statement. The payment, it added, is structured with terms aimed at “supporting the company’s financial liquidity and operational continuity, while providing fair compensation for the recognized damages caused by the incident.” Nearly half of the fine (about 24.5 million reais) will go to specific socio-environmental projects within the state of Minas Gerais. The balance can be paid in monthly instalments, with grace periods. This agreement is an important milestone reached in our robust plan to resume operations in MTL … and is a clear testament to the company´s effort to address the Satinoco incident comprehensively and responsibly,” stated Albano Tondo, the newly appointed deputy CEO of Jaguar Mining. As disclosed earlier this month, the company has a “structured and comprehensive plan” to support the restart of operations at the MTL complex. This includes technical studies and construction adjustments to ensure the geotechnical safety factors at Satinoco meet or exceed industry standards. Last year, the MTL complex, which contains the Turmalina mine and processing plant as well as three satellite deposits, produced 23,710 oz. of gold, representing more than a third of Jaguar’s total output. The company also operates the Caeté complex, which hosts the Pilar gold mine.

The Bitcoin price is once again commanding the spotlight as bullish momentum propels the leading cryptocurrency to new all-time highs. With the price already breaking past the $122,000 mark, analysts are growing increasingly confident in the potential for even higher targets. A recently shared chart analysis by market expert CrediBull Crypto suggests that the current rally is far from—and most importantly, no major dips are expected along the way. As a result, he has forecasted that BTC could see a significant price surge to $155,000 soon. Bitcoin Price Action Clears Path To $155,000 Bitcoin’s momentum continues to gather steam, with technical indicators from CrediBull Crypto’s wave analysis report signals a bullish continuation that could propel the cryptocurrency’s price to $155,000 in the coming weeks. The analyst’s new wave count projection suggests that Bitcoin is firmly in the middle of a powerful upward leg, with minimal signs of a pullback ahead. CrediBull Crypto’s shared price chart highlights a well-formed textbook Elliott Wave structure that suggests that Bitcoin is in the early stages of a strong Wave 3. Notably, BTC’s recent breakout above the $112,000 range shifted market sentiment in a bullish direction. What once served as resistance was quickly flipped to support, and now price action is clearing a path toward even higher ATH targets as momentum continues to build. A critical factor supporting the analyst’s optimistic BTC outlook is the daily demand zone between $98,000 and 101,000. This area served as the launch point for the previous rally above $112,000 and has remained untested ever since. With selling pressure diminishing and strength building, CrediBull Crypto believes that the price of Bitcoin will stay well above the $110,000 level. He also views a retest to $112,000 or a decline to $110,000 or below as highly unlikely under current bullish conditions. According to the analyst, Bitcoin’s projected path forward places it near $135,000 by the completion of Wave 3, followed by a brief period of consolidation before a final push toward $155,000. Bitcoin Rise Above $120,000 Is Just The Beginning As Bitcoin continues its ride above $120,000, Crypto Fella, a market expert on X, has cited the potential for the cryptocurrency to enter price discovery mode and skyrocket to uncharted levels. The analyst’s chart highlights a well-defined ascending trendline beginning in early 2023, with three distinct rally zones marked by purple rectangles. Each of these phases showcases consolidation followed by an aggressive upward move, suggesting a clear pattern of accumulation and breakout. The current leg of Bitcoin’s rally appears to mirror this trend from past bullish cycles but with greater force, hinting that the leading cryptocurrency could be on the verge of a parabolic surge. A key target identified in Crypto Fella’s analysis sits around the $138,206 level, which aligns with the projected continuation along the trendline. This level represents the next major psychological resistance and could mark the entrance into a new phase of price discovery.

SaucerSwap SAUCE crypto jumps 70% in July 2025, breaking key resistance at $0.43 amid a Nvidia-Hedera deal. Rising DeFi TVL and the buyback program are driving demand. SaucerSwap, the decentralized exchange (DEX) on Hedera, is topping charts after surging 30% over the weekend, riding a wave of higher highs visible on the daily chart. As SAUCE, the governance token, rose above the local resistance at around $0.43, its total value locked (TVL), according to DeFiLlama data, is also trending higher. By July 14, 2025, SaucerSwap’s assets under management stood at nearly $70 million, pushing its revenue in 2025 even higher. (Source: SaucerSwap TVL on Defillama) SAUCE Crypto Up 70% in July 2025 On the daily chart, SAUCE (No data) crypto is in a bullish breakout formation, and prices might continue rising. The recent surge is accompanied by rising trading volume, indicating strong trader interest. In July 2025 alone, SAUCE has been on an upward trend, gaining over 65% as buyers step in, pushing the token above Q2 2025 highs. SAUCEPriceSAUCE24h7d30d1yAll time The next feasible target for optimistic traders is the 2024 highs of around $0.165. However, for this level to be retested, SaucerSwap must dominate DEX trading, and some of the best cryptos to buy, including Solana and Ethereum, should extend gains, clearing major resistance levels. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 SaucerSwap TVL Rising In the short to medium term, SaucerSwap could see more inflows, pushing earnings and fees even higher, thanks in part to a broader DeFi recovery. As of July 14, 2025, the total DeFi TVL stood at over $127 million. Although most DeFi activity occurs on Ethereum, Hedera has been posting gains. All DeFi protocols on the platform now manage nearly $120 million, a sharp increase from early July, when the total TVL was just $73 million. Stader, the liquid staking platform, is the largest by TVL, but SaucerSwap dominates DEX trading on Hedera. (Source: DefiLlama) In the last month alone, the SaucerSwap total TVL has increased by nearly 50%, reflecting the spike in token prices during the same period. Over the last two days, coinciding with the rapid expansion above key resistance levels, SaucerSwap’s DEX volume spiked by nearly 300% of the average daily volume on Hedera. SAUCE Buyback Program While rising DeFi activity on Hedera could drive demand, the DEX is also actively buying tokens from the secondary market. In December 2024, SaucerSwap Labs announced they had bought 122,045 SAUCE using a portion of swap fees and HBAR staking rewards. Increased token buying encouraged more liquidity providers to commit funds to the pool, further boosting swap fees. By purchasing tokens from the circulating supply, SaucerSwap directly reduced supply, creating upward pressure on prices. HBAR Rally and Nvidia-Hedera Deal Rising HBAR prices could bolster demand and lift SAUCE prices. In the last month, HBAR has risen nearly 70%, gaining 24% in the past 24 hours, lifting Hedera-based tokens, including SAUCE. At this pace, HBAR outpaced some of the top Solana meme coins. Hedera HashgraphPriceMarket CapHBAR$8.55B24h7d30d1yAll time This rally is driven by news that Nvidia, one of the world’s most valuable companies, has integrated Hedera technology into its Blackwell chipsets. In this deal, Hedera will provide a platform for logging computations for immutability and timestamping for Nvidia’s verifiable compute solution. This integration is likely to attract more institutions to explore Hedera, boosting network activity and, consequently, trading volume on SaucerSwap. DISCOVER: 8 High-Risk High-Reward Cryptos for 2025 SaucerSwap SAUCE Crypto Soars On Nvidia-Hedera Deal SAUCE crypto up 70% in July 2025 SAUCE breaks above Q2 2025 resistance Rising crypto and DeFi TVL driving demand Hedera tech integrated by Nvidia, HBAR prices roaring The post SaucerSwap SAUCE Crypto Breaks Key Resistance Amid Nvidia-Hedera Deal appeared first on 99Bitcoins.

Good morning for the North-American readers and nice start to the week to everyone. The ongoing Forex session is a very calm one, as most traders brace for the upcoming US CPI data release tomorrow, with the most moving currency in the day being the AUD and NZD seeing some selling. France is also celebrating their National Day! (Bonne fête aux compatriotes !) Other markets have however seen some movements: the Singapore STI has been making records highs on its 6th consecutive sessionBitcoin hit highs of $123,000Orange Juice Futures are squeezing again (up above 18% on the session, +50% since July) Let's prepare for tomorrow's huge number by taking a look at where we stand in the current range in USDJPY as the pair has also been rising strongly in the past two weeks. Read More: Markets weekly outlook - Inflation Storm Ahead as Earnings Season Gets Underway 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Silver price rose 1.6% to $38.96 per ounce on Monday, its strongest level since September 2011, as investors flocked to safe-haven assets amid escalating US trade tensions. The spike followed President Donald Trump’s announcement of 30% tariffs on most imports from the European Union and Mexico, boosting demand for non-rate-sensitive commodities. Mexico is also the largest producer of silver and a key supplier to the American market. Analysts say the rally is driven by speculative flows, with silver moving above key technical resistance levels as traders bet on further gains. ANZ noted that breaching the $35–$37 range could propel silver prices toward $40 per ounce. Market outlook Participants are also eyeing US consumer price index and producer price index readings due later this week for signals on Federal Reserve policy, given silver’s tendency to benefit in a lower-rate environment. In addition, Indian investors, traditionally heavy buyers of gold, have increasingly turned to silver this year as its returns outpaced those of gold. The rise in appetite for the metal has left the physical market under strain in London, where most silver is held by exchange-traded funds — meaning it isn’t available to lend or buy. Since February, the volume of silver-backed ETFs has expanded by some 2,570 tons, according data compiled by Bloomberg. Silver’s outperformance of gold means that the ratio between the two has dropped in recent months, though silver still remains relatively cheap historically. It currently takes about 86 ounces of silver to buy 1 ounce of gold, compared with a 10-year average of 80. “Silver demand is currently benefiting from the threat of trade wars and bullion being way out of reach for many,” Priyanka Sachdeva, an analyst at Phillip Nova Pte Ltd, told Bloomberg. “Gold has already seen a tremendous upswing, and it’s currently expensive,” leaving investors more inclined to consider a cheaper alternative, she added. Silver ETF inflows at record pace Silver has emerged as one of the most attractive investment assets of 2025, with funds flowing into exchange-traded products (ETP) backed by the metal already surpassing all of last year, says the Silver Institute. During the first half of 2025, silver-backed ETPs saw net inflows totalling 95 million oz., taking the total global holdings to 1.13 billion oz. — only 7% below the peak level of 1.21 billion oz. in February 2021, according data compiled by the Institute. The total value of ETP holdings hit a series of all-time highs in June, exceeding $40 billion for the first time. Nearly half of the year’s gains were recorded in that month alone. By month-end, the metal’s price had gone up by a quarter for the year. The Silver Institute notes that June 2025 was the most significant monthly increase since the Reddit-driven silver squeeze in early 2021, when prices leaped to nearly $30 an ounce. (With files from Reuters and Bloomberg)

The Australian dollar has edged lower on Monday. In the North American session, AUD/USD is trading at 0.6555, down 0.32% on the day. The Aussie took advantage of US dollar weakness last week as it touched a high of 0.6593, its highest level since November 2024. China's GDP expected to ease to 5.1%China's economy is expected to have grown by 5.1% in the second quarter, after back-to-back quarters of gains of 5.4%. The government's annual growth target is around 5.0%, and policymakers won't complain if this target is exceeded for a third consecutive quarter. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Efinity EFI crypto is rallying, adding 120% on July 13, pushing weekly gains to over 700%. Enjin BeamBlitz and open-sourcing documentation driving demand. The crypto market is booming, with a cumulative market cap exceeding $3.8 trillion, a record high. Leading the charge is Bitcoin, which after breaking $112,000, breezed past $113,000 and $120,000, and is now eyeing $130,000 and $150,000 as capital continues to flow. Reflecting this dynamic environment is the stellar performance of some of the best cryptos to buy, including Efinity and EFI (No data) crypto. DISCOVER: 8 High-Risk High-Reward Cryptos for 2025 EFI Crypto Surging Yesterday, EFI crypto surged an impressive 120%, pushing weekly gains over 700% as buyers stepped in with conviction. Enjin also open-sourced its documentation, signaling ongoing technical progress. As more developers and community members explore these resources, activity on the Enjin and Efinity blockchains may accelerate, further supporting EFI prices. DISCOVER: 7 Best Meme Coin ICOs & Presales to Invest in 2025 Efinity EFI Crypto Surges 120% Fanned By Enjin Demand Efinity EFI crypto jumps 120%, pushing weekly gains to over 700% Enjin and Efinity blockchain merged Enjin open-sources documents BeamBlitz campaign is driving engagement The post Altcoin Market Surges, Led by Efinity’s Staggering 120% Daily Increase appeared first on 99Bitcoins.

Shaco AI, in a fresh update, highlighted that Bitcoin is showing off its moves, dancing upwards past both the 25-hour ($119,088.50) and 50-hour ($118,338.56) Simple Moving Averages. With such momentum, it’s clear BTC has decided it’s not a bear season yet. Momentum And Indicators Shaco AI’s analysis on Bitcoin dives deep into the technical indicators, and there’s no shortage of bullish energy in the air. First off, the Relative Strength Index (RSI) is currently riding high at 86.02. That’s well into overbought territory, and as Shaco colorfully put it, “it might need to hydrate soon.” Such elevated RSI levels often signal a potential cooldown on the horizon, but for now, momentum is favoring the bulls. Adding fuel to the trend is the Average Directional Index (ADX), which sits at a robust 44 points. According to Shaco AI, this reading confirms that the current uptrend is strong and well-supported. The MACD (Moving Average Convergence Divergence) indicator is also reinforcing this bullish narrative, with a reading of 967.98. Shaco described it as “screaming positive vibes,” a signal that buying pressure continues to dominate. A rising MACD in conjunction with a strong ADX often paints a picture of confident market participants driving the trend with conviction. One of the most telling signs is volume. Shaco pointed out that Bitcoin’s trading volume has surged to 2704.5, a significant leap above its average of 856.81. He described this as “some serious weight lifting in buying interest,” underscoring that this isn’t a weak or speculative move — traders are putting real capital behind the rally. Support And Resistance: Bitcoin Make-Or-Break Levels The analyst went further to highlight key levels traders should closely monitor. He noted, “Key Levels Alert: Keep an eye on the resistance at $122,666.0 and support sitting firm at $116,900.05. It feels like Bitcoin is playing ‘The Floor is Lava’ with support levels!” This colorful analogy points to the importance of holding key support to maintain bullish momentum. According to Shaco AI, if Bitcoin can sustain a move above the current resistance zone, traders might want to watch for a potential breakout. However, with the RSI already deep in overbought territory, there’s also the possibility that BTC may “peak too soon,” leading to a pullback or brief consolidation phase. He wrapped up the post with a reminder that while momentum is clearly favoring the bulls, it’s essential to stay cautious. “Always make well-informed decisions and manage your risk carefully,” the analyst advised, reinforcing the importance of strategic planning in a volatile market.

What if—and stay with us—infamous Bitcoin plagiarist Craig Wright actually was Satoshi Nakamoto? Yeah, no. Absolutely not. Creator of BTC ▲3.60% Satoshi Nakamoto, whoever he, she, or they are, just cracked the top 11 richest humans on Earth. Thanks to Bitcoin blowing past $120,000, Nakamoto’s legendary stash of 1.096 million BTC is now worth north of $131 billion, according to Arkham Intelligence. That puts the anonymous founder ahead of Dell CEO Michael Dell and legacy financiers alike. Here’s how much higher BTC needs to climb to put Satoshi at number one: BitcoinPriceMarket CapBTC$2.43T24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Bitcoin Would Need to Hit $370,000 for Nakamoto to Top Forbes’ Billionaire List To claim the top spot, Nakamoto would need BTC to reach around $370,000, a 208% climb from today’s levels. That would nudge him past Elon Musk, who currently holds the #1 title with an estimated $404 billion fortune. “If Bitcoin does its normal 50%/ann, Nakamoto will likely climb to number two sometime next year-ish.” – Eric Balchunas, Bloomberg As for Satoshi they haven’t had one transaction in over a decade. Whether that’s out of principle or they’re no longer with us (RIP?), the silence has become part of the message. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways Thanks to Bitcoin blowing past $120,000, Nakamoto’s legendary stash of 1.096 million BTC is now worth north of $131 billion. Momentum for BTC remains strong, with several analysts offering bullish but varied predictions. The post Satoshi Nakamoto is New World’s Richest Person at This BTC Price appeared first on 99Bitcoins.

With crypto regulation garnering significant attention and Bitcoin surpassing $120,000, speculation is growing that President Trump’s World Liberty Financial DeFi project may decide to make its WLFI crypto token available for trading. Politicians in the US have dubbed this week ‘Crypto Week USA’ due to the three pivotal pieces of digital asset legislation set to be discussed in the House of Representatives this week. The three legislations up for discussion are the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act. In terms of significant investments in WLFI crypto, the mysterious Aqua 1 Foundation, based in the UAE, is the highest-profile known investor. In late June, it was announced that Aqua 1 had purchased $100 million worth of WLFI crypto tokens, becoming the largest publicly known investor in the business. However, a review of corporate registries shows that Aqua 1’s digital profile and other public information are almost non-existent. There has been no further information regarding the source of its capital or the person it named as its founding partner, Dave Lee. “At this stage, we are not disclosing additional information beyond what has been publicly shared,” Aqua 1 said in a press release, before adding, “Aqua 1 is backed by a group of long-term, mission-aligned partners and led by Dave Lee and a global team with deep expertise in web3 and digital asset infrastructure.” EXPLORE: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Could Crypto Week USA See President Trump’s WLFI Crypto Token Go Live For Trading appeared first on 99Bitcoins.

The Dogecoin weekly structure is once again the talk of Crypto-Twitter after pseudonymous technician Cantonese Cat (@cantonmeow) published a logarithmic Fibonacci road-map for the meme-coin’s fourth bull cycle. The chart, built on TradingView and shared on 13 July, anchors the entire 2021–2022 range and projects both horizontal retracement levels and upward-sloping Fib-channels, offering a granular set of targets. Dogecoin To $23? At Friday’s close DOGE changed hands near $0.20, almost exactly against the 0.5 retracement line, highlighted on the graphic at $0.19049. The overlay shows price compressing inside a three-year ascending channel whose lower rail has provided support since the June 2022 capitulation. Volatility has been fading inside that corridor, shaping a broadening wedge that has so far respected every golden-ratio diagonal printed on the chart. Cantonese Cat’s horizontal grid begins with the cycle floor—Fib 0 at $0.04909—and climbs through a dense cluster of intermediate resistances: 0.618 at $0.26232, 0.707 at roughly $0.33, 0.786 at $0.41368 and 0.886 at $0.54253. The 1.0 line—Dogecoin’s May 2021 macro-top—is fixed at $0.73905 and forms the upper boundary of what the analyst calls “the first liquidity wall.” Above it, blue extensions extend far beyond previous cycle extremes: 1.272 at $1.54518, 1.414 at $2.27089 and 1.618 at $3.94842. Super-cycle projections appear at 2.0 ($11.12397) and the headline-grabbing 2.272 extension at $23.25744—levels the trader himself stresses are “purely imaginative unless unprecedented liquidity flows in.” Golden channels running diagonally across the whole canvas translate the same ratios into time-adjusted dynamic support and resistance. Internal rails marked 0.236 and 0.382 have repeatedly capped minor rallies since mid-2022, while the 0.5 diagonal is now acting as an inflection point underneath spot price. The current weekly candle is probing that rail from above, echoing the analyst’s separate Ichimoku view that DOGE is “still under Tenkan resistance” and “will probably close the week right around 20 cents, then fight another day to push through resistance later. I don’t think we’ll get past this level on its first try.” The longer-term backdrop that keeps the feline strategist constructive is visible on the two-month chart. There, DOGE has printed what fellow technician @ManehattanStonk labels a “rising three methods” formation—a bullish continuation pattern that Cantonese Cat notes is “playing out alongside XLM.” Volume dynamics appear to support the thesis: in another post the analyst calls recent selling “pathetic” and argues: “Who’s selling DOGE? Nobody important. Sell volume’s pathetic. All it takes is just some volume to come in and this thing will pump to the moon.” Whether that pump can realistically reach the 2.272 extension—and thus the meme-laden target of $23—is the question that triggered the thread. Cantonese Cat’s answer is blunt: “I don’t think it’s going to $23 this cycle.” The comment underscores his broader point that Fibonacci projections, while mathematically neat, are ultimately hostage to liquidity conditions no one can forecast. The $3.94 region—marked by the 1.618 Fibonacci extension—stands out as a credible upside target. Analyst Kevin notes that in every previous bull cycle, Dogecoin ultimately advanced to this very extension. At press time, DOGE traded at $0.20575.

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins are seeing a sharp rise in interest. Investors are betting big on early-stage projects, in particular, for their explosive potential in bullish markets. One standout is Bitcoin Hyper ($HYPER), which has already raised over $2.7M in its token presale. The project’s Layer-2 infrastructure attracts attention for its capacity to make Bitcoin faster, more scalable, and more functionally competitive. The Bitcoin Rally Is On, But Functionality Still Lags The current Bitcoin rally didn’t happen overnight. The bullish story has been building over the past few months, steadily supported by ETF applications from major players, crypto regulations turning positive, and changing macroeconomic sentiments. $BTC is doing what it does best. Time and again, it proves its worth as a store of value, emphasising that investors shouldn’t take the broader crypto market lightly. But Bitcoin’s capabilities still fall short. Running decentralized apps or scaling transactions on Bitcoin’s main chain continues to be difficult, both technically and financially. This is where Bitcoin Hyper comes in. Rather than treating Bitcoin as sacrosanct, it introduces a Layer-2 solution designed to work with the network. Not around it. What Is Bitcoin Hyper, and Why Are Investors Paying Attention? Bitcoin Hyper is building a Layer-2 blockchain for Bitcoin. The idea is simple. Let Bitcoin remain the secure foundation, while Bitcoin Hyper handles the transactions, the apps, and the ecosystem growth. Here’s what the project has in the works: Scalable transactions via a dedicated Layer-2 network. $BTC deposits and withdrawals through a canonical bridge. Solana Virtual Machine (SVM) integration to support fast, smart contract-enabled apps. A roadmap that includes full DeFi and NFT support, developer toolkits, and DAO governance. Bitcoin Hyper is currently in Phase 2 of its roadmap, with presale prices increasing in stages. $HYPER tokens can be staked, used for gas, and will eventually unlock exclusive ecosystem features. The tokenomics leans heavily toward development and infrastructure: 30% is allocated to project development, and another 30% to the treasury. Marketing and staking rewards follow, at 25% and 5% respectively. The project has also completed two independent security audits by blockchain security firms Coinsult and Spywolf. The audits confirmed that the coin meets industry standards for reliability and investor protection. Layer-2 Projects Are on the Move and $HYPER Is Tapping In Layer-2 tokens have been making serious moves in recent weeks. $ZKF has surged 84% in the past seven days, while $MAGIC is up 46%. Other notable performers like $LUMIA and $POL have also posted strong double-digit gains, reflecting growing investor interest in scalable blockchain infrastructure. Scalability is no longer optional. It’s a core part of blockchain’s next chapter. And for Bitcoin, which has never been known for speed or flexibility, Layer-2 is likely the way ahead. Given current market trends, $HYPER could reach around $0.02595 by the end of 2025. And assuming the project delivers on its white paper goals (like the mainnet launch, dApp support, and top exchange listings), it might climb as high as $0.253 by 2030. That would mark a return of over 20 times the initial presale price. The above Bitcoin Hyper ($HYPER) price prediction isn’t guaranteed, of course, but it is based on a fairly simple logic: if Bitcoin gains real utility at scale, the networks that provide it will benefit first. Why Timing Matters More Than Usual Bitcoin Hyper’s token presale is structured around timed price increases. As of now, $HYPER is priced at $0.01225, with the next increase set to trigger in just a few hours. Staking APY also declines over time, encouraging early participation. The presale traffic is growing as the $BTC rally fuels interest in the broader ecosystem. This isn’t just about a good idea. It’s about being early to infrastructure that could play a role in how Bitcoin evolves from a static asset into something developers and users can actually build on. Final Thoughts: Bitcoin’s Next Move is Layer-2 Bitcoin crossing $120K is more than just a milestone. It’s a signal that markets move in phases. While early gains often go to the safest assets, the next leg is likely to reward low-cap altcoins backed by breakthrough projects. Bitcoin Hyper is one of those projects. By bringing scalability and flexibility to Bitcoin through its Layer-2 infrastructure, it positions itself not as a competitor but as a necessary evolution of what Bitcoin can offer. The strong community engagement and presale traffic that’s already raised over $2.7M shows that investors are looking beyond the headline coins. If you’re considering early exposure to Bitcoin Hyper, visit the official presale website to learn more about the Layer-2 infrastructure and secure $HYPER tokens before the next price increase. New to presales? Be sure to read the How to Buy Bitcoin Hyper guide, and, as always, do your own research before making any crypto investment decisions.

Most Read: Markets weekly outlook - Inflation Storm Ahead as Earnings Season Gets Underway Oil prices advanced this morning following a bullish close on Friday. It appears that the fears market participants had in regards to a recession may be waning and this has helped Oil prices. Economists now predict better growth, more jobs, a lower chance of a recession, and slower inflation compared to three months ago, according to The Wall Street Journal's quarterly survey. On average, economists see a 33% chance of a recession in the next year, down from 45% in April but higher than 22% in January. close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Client Sentiment Data Looking at OANDA client sentiment data and market participants are long on WTI with 73% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are long means WTI prices could decline in the near-term. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

For the second straight week, Bitcoin ETFs have absorbed over $1 billion in total inflows. Total holdings now exceed $150 billion showing that we’ve officially hit the coveted “banana zone.” Anything is possible in this market. Moreover, we’re seeing Wall Street’s crypto skepticism is collapsing in real time. The inflow spike comes as markets wobble on Fed policy and global uncertainty. BTC ▲3.60% is behaving like a pressure valve. BitcoinPriceMarket CapBTC$2.43T24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year Bitcoin ETFs Hit $1 Billion for Second Straight Day The lion’s share of Friday’s $1.03 billion haul went to BlackRock’s IBIT, which raked in $953.52 million alone. Other notable inflows: Ark 21Shares’ ARKB: $23.51 million Grayscale’s Bitcoin Mini Trust: $20.93 million VanEck’s HODL: $20.01 million Bitwise’s BITB: $6.41 million Not a single fund posted outflows, marking six straight days of net-positive activity. With BTC at $122,000, now confirming a golden cross, we will likely see several new AThs this week. “Bitcoin has entered ‘crisis mode’… Rates are rising, the USD is down 11% in six months, and crypto is up $1 trillion in three months.” – Kobeissi Letter Bitcoin Price Hits New Highs, Traders Eye $135K–$145K Targets Bitcoin briefly topped $123,000, logging a $10,000 surge over the past week and fueling optimism that the bull run has room left to climb. According to Material Indicators co-founder Keith Alan, a long-term technical breakout is playing out. Trader sentiment remains bullish, with 99Bitcoins analysts forecasting more upside: Bitcoin is behaving like a full-fledged crisis hedge. With the US dollar sliding, inflation data looming, and debt exploding, investors are responding by piling into BTC. If ETF flows and technicals hold, $135K–$145K looks like the next price target. It might be an easier climb for Bitcoin to $500,000 than it was to $100,000. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways For the second straight week, Bitcoin ETFs have absorbed over $1 billion in total inflows. It might be an easier climb for Bitcoin to $500,000 than it was to $100,000. The post Bitcoin ETFs Log First-Ever Back-to-Back $1B+ Inflows, What’s Next For BTC Price? appeared first on 99Bitcoins.

The Canadian dollar is almost unchanged on Monday. In the European session, USD/CAD is trading at 1.3684, down 0.04% on the day. Canada's employment soars above expectations Canada's job growth for June was much stronger than expected. Employment jumped by 83.1 thousand, after an 8.8 gain in May and blew past the consensus of no change. The gain was mostly in part-time work, which climbed by 69.5 thousand. An additional positive surprise was the decline in the unemployment rate, which fell from 7% to 6.9%. This was below the consensus of 7.1%. The reading was significant as the unemployment rate had accelerated for three straight months. Wage growth eased to 3.2%, down from 3.5% in May. The drop eased concerns that rising wages would boost inflation. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Lockheed Martin (NYSE: LMT) is back in the deep-sea mining game, holding talks with several mining companies about partnerships to access its long-held seabed licences in the Pacific Ocean. The US defence giant holds two licences in the Clarion-Clipperton Zone (CCZ), a mineral-rich area of international waters in the eastern Pacific. These were granted by US regulators in the early 1980s during the first wave of interest in ocean mining but remained unused for decades. Lockheed appeared to exit the sector in 2023, when it sold its UK-based deep-sea mining subsidiary, UK Seabed Resources, to Norway’s Loke Marine Minerals. That firm filed for bankruptcy in April, prompting an asset auction that returned the two licences to Lockheed’s control. Renewed opportunity Chief operating officer Frank St John told the Financial Times there was “large interest” from undersea mining groups in accessing the licences. He said Lockheed is evaluating options to secure supplies of critical raw materials and is working closely with the Pentagon to identify resources that could support stockpiling or alternative sourcing strategies. President Donald Trump issued an executive order in April asserting US rights to issue mining licences in international waters and proposing that seabed metals be treated as strategic assets. Lockheed says the US has a chance to set a global standard for commercial recovery of seabed nodules “in an environmentally responsible manner”. Polymetallic nodules — rock-like formations packed with nickel, cobalt, copper, manganese and other minerals critical for electric vehicles and electronics — are believed to be abundant in the Pacific. US government estimates suggest over one billion metric tonnes of these nodules lie within American-licensed zones, with the potential to add $300 billion to GDP and create 100,000 jobs over a decade. Interest from mining firms has surged. Companies based or listed in North America, including Canada’s The Metals Company (Nasdaq: TMC), have recently applied for seabed mining licences. Hurdles remain Seabed mining ambitions still face turbulent waters. The International Seabed Authority (ISA), created by the UN Convention on the Law of the Sea — a treaty the US has never ratified — continues to develop environmental and regulatory frameworks for deep-sea mining. Representatives from 169 countries and the EU have been negotiating standards on royalties, taxation, and environmental impact, including acceptable levels of underwater noise and sediment. The ISA is holding crucial talks in Jamaica this month to decide under what conditions mining operations may begin. In parallel, the US continues to operate its own licensing regime through the National Oceanic and Atmospheric Administration.

Overview: The market has taken the US threat of 30% tariffs on the EU and Mexico in stride. Both currencies wobbled a little but are little changed as the North American session is about to start. Participants seem to recognize the threat as a tactic meant to increase the pressure to negotiate (i.e., make new concessions). Market participants also do not seem to give much credence to claims that cost overruns at a remodeling the Federal Reserve headquarters will give President Trump the justification he has been looking for to fire Chair Powell. The dollar is narrowly mixed against the G10 currencies. The Dollar Index has marginally extended its gains. It has not posted a closing loss since July 2. Emerging market currencies are also mixed. The offshore yuan is slightly firmer after posting a wider than expected trade surplus and stronger aggregate credit growth. Equities are mostly weaker today. In the Asia Pacific area, most of the large bourses were lower but China, Hong Kong, and South Korea. The MSCI Asia Pacific Index has fallen for the past two weeks. Europe's Stoxx 600 fell by 1% before the weekend, the largest decline in three months. It is off another 0.3% today. US index futures are nursing modest losses. The S&P 500 and Nasdaq made set record highs last Thursday before pulling back ahead of the weekend. The earnings season kicks off properly with several large banks on Wednesday. Benchmark 10-year yields played catch-up after the rise in the US and Europe before the weekend. Japanese long-dated bond sold off sharply. European yields are narrowly mixed, while the 10-year US Treasury yield is up around a basis point to 4.42%. Gold is firm near $3366 after reaching $3375 in Asia Pacific turnover. August WTI rose to about $66.60, its highest level since June 23. President Trump is expected to make an announcement about Russia today and some suspect it could include stepped up efforts to restrict Russia's oil sales. USD: The Dollar Index rose every session last week and its 0.65% gain, as modest as it is, was the largest weekly gain in two months. The five-day moving average is poised to move above the 20-day moving average for the first time since May 22. It has edged up to 98.10 today. A push above 98.25 is needed to be anything noteworthy from a technical point of view, and even then, a gap from last month extends 98.35. Tomorrow's CPI is arguably the most important data point of the week, which also sees industrial production, retail sales, and import prices. The low base effect and the 0.3% rise that the median of economists polled by Bloomberg expect will translate the highest year-over-year rates since February. Last week's minutes from the recent FOMC meeting suggest that the threshold to cut interest rates is still not at hand. At the end of June and early July, the Fed funds futures had a September cut fully discounted. Now it is less than 75% priced. Meanwhile, the White House and its allies think that the renovations at the Federal Reserve will give the president "cause" to fire Fed Chair Powell. Although some observers are taking it seriously, the market is not. EURO: The euro has been drifting lower since the $1.1830 was approached on July 1. It fell to about $1.1665 by the end of last week, where the 20-day moving average is found. While it has exceeded the (38.2%) retracement of the rally since June 23, it has stopped short of the (50%) objective near $1.1640. It slipped a little closer to it today (~$1.1650) and is extending its losing streak for the fourth consecutive session. A break could target $1.1600 initially. On Saturday, the US indicated that barring a successful conclusion to the trade talks, EU goods will be slapped with a 30% levy. The market understands this to be a negotiating tactic. The week's data highlights are tomorrow. The eurozone reports May industrial production and Germany sees the ZEW investor survey. After imploding by 2.4% in April, industrial production may have stabilized in aggregate but that masks a strong divergence: a recovery in Germany and Spain, but a continued contraction in France and Italy (and down more than expected). Sentiment among German investors is gradually improving, arguably encouraged by the coming infrastructure and defense spending. CNY: The PBOC has introduced a little more flexibility in the exchange rate and tolerated a modest appreciation of the yuan. The average daily change in the midpoint of the dollar's allowable range has become greater in recent months. The yuan is rising against the dollar but at a gradual pace. The 1.8% gain is a little more than implied by the 10-year interest rate differential or inflation differential. The PBOC is accommodating. It set the dollar's reference rate before the weekend at its lowest since last November (CNY7.1475) and today's was a little higher at CNY7.1491. A lower midrate means and lower dollar cap that is also a higher floor for the yuan. The dollar is consolidating in the recent range--CNH7.15-CNH7.19. Neither the larger trade surplus nor the stronger credit expansion pushed the dollar out of the pre-weekend trading range against the offshore yuan (~CNH7.1675-CNH7.1760). Helped by a recovery in exports to the US following the trade thaw, Chinese exports rose 5.8% year-over-year (4.8% May). Imports rose 1.1% (-3.4% May). The trade surplus was nearly $114.8 bln. Exports to the US are down 16% year-over-year and were off 34% year-over-year in May and 21% in April. Aggregate financing accelerated slightly to CNY22.83 trillion (year-to-date) to stand around 26% above a year ago, slightly greater than May. JPY: The dollar enjoys strong momentum against the yen and posted its highest settlement in nearly two months ahead of the weekend and a few ticks more today to reach almost JPY147.60. It is approaching the tentative trendline connecting the May and June highs (~JPY147.80). Above there is the June high itself slightly above JPY148.00. The fraying of the upper Bollinger Band (~JPY147.60) suggests proceeding with caution. To the extent the rates are an important driver of the exchange rate, the market appears to have priced in a firm US CPI report. It seems like when a buy-the-rumor, sell-the-fact drama often unfolds. After plummeting 9.1% in April, private sector core machinery orders (excluding shipbuilding and utilities), they fell another 0.6% in May, according to data reported earlier today. It is as if orders jumped in March (13%) and are returning to status quo ante. The industrial side of the economy seems to lack much forward momentum. The final May industrial production figures slipped by 0.1% rather than rise 0.5% as the preliminary report suggested. On the other hand, the tertiary activities index rose 0.6% in June after a 0.5% gain in May (initially 0.3%), suggesting services are The Tokyo CPI points to a softer national figure due at the end of the week. Meanwhile, Japanese long-dated bonds lurched lower. The 30-year JGB yield rose 10 bp and is approaching the May high near 3.20%. The 40-year JGB yield rose about eight basis points to ~3.43%. The May high was closer to 3.70%. GBP: The disappointing May GDP saw sterling punch through the $1.3530 lows that corresponded to the (61.8%) retracement of the sterling's rally from the June 23 low. Sterling has fallen for six consecutive sessions coming into today and the five-day moving average has crossed below the 20-day. moving average. Its losses were extended to almost $1.3450 today. It has not been able to resurface above $1.3500 since the low was recorded. The highlight of the week lies ahead. The June CPI is due Wednesday followed by the labor market report on Thursday. CAD: The stronger than expected June jobs data helped the Canadian dollar recoup the initial losses inflicted on the US 35% tariff threat. The Canadian dollar lost a net of about 0.20% on Friday, a middling performer within the G10. Still, the greenback appears to have forged a base in the CAD1.3640-60 area. It is recording an inside day and has been confined to a CAD1.33675-CAD1.3720 range so far today. The TSX fared better than most major bourses ahead of the weekend, slipping by about 0.30%. However, the 10-year yield rose to 3.50%, a six-month high. Canada report June CPI tomorrow, the data highlight of the week. The base effect warns of upside risks. In June 2024, prices fell by 0.1%. While the headline was below 2% in May (1.7%), the underlying core measures were elevated at 3%. Going into the report, the market is having second thoughts about a cut another cut this year. The odds of a September cut were further downgraded last week to 40% from around 80% in late June. The swaps market implies a year-end rate of a little more than 2.50%, the highest since February. AUD: The Australian dollar stalled after setting a marginal new high for the year (~$0.6595). After a flurry of activity in early Asia-Pacific trading on Friday, the Aussie chopped around in a fifth of a cent trading range (~$0.6560-$0.6580). It slipped to about $0.6555 today before steadying. Establishing a foothold above $0.6600 leaves little on the charts ahead of $0.6700. Despite being fooled last week by the RBA's decision to stand pat, the futures market pricing is 90%+ chance of a cut next month. Another cut in Q4 is fully discounted. MXN: The peso remains resilient. It reached its best level since last August in the middle of last week near MXN18.5525. It managed to absorb the shock of 50% tariff on Brazil and a 35% tariff on Canada without breaking. In fact, the dollar's high last week was set Monday a little above MXN. Over the weekend, the US indicated purchases of Mexico's goods, ostensibly not meeting the domestic content rules of the USMCA, will be subject to a 30% tariff on August 1 unless a new deal is struck. The peso has largely shrugged it off and the dollar remains within the pre-weekend range, trading between roughly MXN18.6550 and MXN18.7175 today. Disclaimer

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their predictions for where the pioneer cryptocurrency could be headed next. One analyst in particular points out an incredibly bullish development on the Bitcoin price chart that suggests that the rally is far from over. As the trend continues to play out, it is possible that the rise above $118,000 is only the start of the uptrend. Bitcoin Enters Full Price Discovery After clearing the resistance at $117,000, the Bitcoin price has now entered what crypto analysts are referring to as price discovery. This term refers to buyers and sellers determining the price of Bitcoin, and there seems to be a consensus that the digital asset is worth more, and this could trigger the next uptrend. An analysis from crypto analyst AltcoinGordon focuses on a particular resistance line that has persisted for the Bitcoin price for the last eight years. This resistance line went through the highs from both March and November 2021, and was not broken. Then again, through the nights in May 2025, and remained unbroken. However, the resistance line has finally succumbed to pressure from the bulls and has been broken through after Bitcoin made it through $117,000. This simply means that there is nothing now holding back the digital asset, allowing it to climb freely from here. Due to this, the analyst believes that this breakout is no ordinary breakout, but rather one that triggers the start of parabolas. In this case, a parabolic rally would lead the Bitcoin price above the $130,000 level if the momentum is maintained. BTC Price Discovery Is Good For Altcoins Altcoin Gordon points out that the Bitcoin price discovery is particularly good for altcoins, as they will rally harder. “Price discovery is in full effect now. And when that happens… alts go wild,” the post read. This has already started playing out as altcoins have been outperforming the Bitcoin price recently. According to the Altcoin Season Index by CoinMarketCap, 27 of the top 50 altcoins have outperformed the Bitcoin price over the last 90 days. This brings the index closer to the 50 top altcoins that are required to outperform Bitcoin over a 90-day period to kickstart the altcoin season. When this happens, the altcoin season will be in full bloom. Once the index crosses the 50 mark, then the parabola for alts is expected to fully begin. For example, back in 2021, the Altcoin Season Index reached a score of 98 before marking the top, and this high figure has been consistence throughout the last three bull markets. Therefore, it is natural to expect that this altcoin season will follow the same trend.

Asian Market Wrap U.S. and European stock futures dropped at the start of the week after President Trump announced a 30% tariff on goods from the EU and Mexico. S&P 500 futures fell 0.4%, and European stock futures dipped 0.6%. Meanwhile, Asian stocks stayed mostly flat, with small gains in Hong Kong and China. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 117500112000109000 (Bear flag retest)Resistance 123236125000130000Follow 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

BHP (NYSE: BHP) has signed preliminary agreements with China’s leading battery makers, Contemporary Amperex Technology Co. (CATL) and BYD’s FinDreams Battery Co. (FDB), to evaluate the use of battery-powered solutions across its global mining operations. The partnerships will focus on developing powertrain battery systems for heavy-duty mining equipment and locomotives, fast-charging infrastructure, energy storage and battery recycling to cut diesel reliance and curb greenhouse gas emissions. BHP and CATL will jointly research and develop battery modules for haul trucks and locomotives, particularly in Western Australia’s iron-ore corridors, while the FDB partnership will explore BYD’s commercial and light vehicles for site-level mobility and flash-charging stations to displace diesel use. Shares of BHP fell 0.9% in Australia on Monday. The company has a market capitalization of $132.14 billion. Emissions targets The initiatives form part of BHP’s medium-term goal to cut operational emissions by at least 30% by 2030 from 2020 levels, and its long-range ambition to reach net-zero Scopes 1 and 2 emissions by calendar year 2050. “This relationship is a further step towards BHP meeting our decarbonisation ambitions… by joining forces with industry leaders [like BYD], we are seeking solutions to help shape a more productive and more sustainable resources industry of the future,” said Rashpal Bhatti, BHP Group Procurement Officer. Jack Li, GM of FDB’s Global Commercial Vehicle Business Unit, added: “This MOU… represents a pivotal milestone… for accelerating decarbonisation across the global resources sector”.