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Dubai has officially cemented its position at the forefront of global crypto regulation. This bold regulatory step positions Dubai as a global trailblazer in shaping the future of institutional crypto markets and blending innovation with compliance. As jurisdictions around the world debate how to handle digital assets, Dubai is already laying the groundwork for the financial infrastructure of tomorrow. Why This Approval Matters For Global Financial Markets The Virtual Assets Regulatory Authority (VARA) has officially approved the first-ever cryptocurrency options license, marking it a breakthrough moment for the emirate region’s rapidly evolving digital asset ecosystem. As highlighted in the press release, the permit was granted to a Nomura-backed digital assets firm, Laser Digital. This permit has authorized the firm to offer over-the-counter (OTC) crypto options trading to institutional investors under VARA’s regulatory framework. This development solidifies Dubai’s status as a premier global hub for cryptocurrency and blockchain innovation. With VARA granting Dubai its first crypto options license, it provides a clear regulatory pathway for firms seeking to offer complex instruments and crypto derivatives. By doing so, Dubai is setting the bar for how governments can blend innovation with compliance. The approval of Laser Digital under VARA’s framework reflects a commitment to fostering a business-friendly environment with robust regulatory standards, including Anti-Money Laundering (AML) and know-your-customer (KYC) requirements. This gives institutional investors confidence that the space is both progressive and secure. Why Listed Spot Trading Launched Matters For US Crypto Markets While the first-ever cryptocurrency options license has been approved, the US Commodity Futures Trading Commission (CFTC), under Caroline D. Pham, has launched a listed spot crypto trading initiative. According to the release, this license opens the door for regulated exchanges such as the Chicago Mercantile Exchange (CME) to offer direct trading of real crypto tokens, not just for futures contracts, but under official United States oversight. It is important to note that spot trading is where you buy and sell the actual asset itself, such as Bitcoin or Ethereum, for immediate settlement, which hasn’t been regulated at the federal level. It’s different from trading futures or derivatives, where traders speculate on price without owning the asset. “Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,” Acting Chairman Pham stated. If this goes through, it would bring spot and futures trading under the same regulatory rulebook, making the crypto market simpler, clearer, and more secure for everyone involved, which is a step forward for the crypto industry. It will also pave the way for retail and institutional investors to engage in crypto markets with a higher level of trust, knowing that trading is taking place on federally regulated exchanges.

The United States has imposed tariffs on imports of one-kilogram and 100-ounce gold bars, in a move that could disrupt global bullion flows and deal major blows to key gold hubs like Switzerland, the Financial Times reported late on Thursday. A Customs and Border Protection letter dated July 31 — later seen by FT sources — shows that these gold bars have now been reclassified under a customs code subject to duties, reversing earlier expectations that they would remain exempt. The tariff reversal comes amid heightened trade tensions between Bern and Washington, as the latter recently slapped a 39% import tariff on the European nation. Switzerland, as the world’s top gold refiner, shipped about $61.5 billion worth of gold to the US in the year to June, of which roughly $24 billion could now incur tariffs under the new tariff rate, according to FT estimates. Industry sources told the paper that some Swiss refineries have since suspended or reduced shipments to the US while seeking legal clarity on product classifications. Christoph Wild, president of the Swiss Association of Manufacturers and Traders of Precious Metals, said the tariff represents “another blow” to Switzerland’s trade with the US, and would make it difficult to meet demand for the yellow metal. The kilo bar is a key unit traded on New York’s Comex exchange, which is the world’s largest gold futures market and holds the bulk of Switzerland’s bullion exports to the US. Meanwhile, the London markets typically deal in 400-ounce bars. The tariff decision comes as gold prices have climbed 27% in 2025, driven by inflation concerns, rising government debt and a weaker US dollar.

On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The indicator shared by Checkonchain is the Spent Output Profit Ratio (SOPR), which tells us about whether the BTC investors are selling/moving their coins at a profit or loss. When the value of the metric is greater than 1, it means the holders as a whole are participating in profit-taking. On the other hand, it being under the mark suggests the market is realizing a net loss. In the context of the current discussion, the SOPR of the entire network isn’t of interest, but rather that of only a specific part of it: the short-term holders (STHs). This cohort includes the holders who purchased their coins in the past 155 days. Statistically, the longer investors hold onto their coins, the less likely they are to sell them at any point. But since the STH group is made up of holders with a short holding time, conviction tends to be weak among its members, with panic selloffs often taking place. Recently, Bitcoin has seen a decline, so it would be expected that the STHs would have shown some kind of reaction. Below is the chart shared by the analytics firm, showing the nature of selling that the cohort has participated in. As is visible in the graph, the Bitcoin STH SOPR shot up to a notable level above 1 when the asset’s price set its all-time high (ATH), indicating that these fickle-minded hands took the opportunity of the rally to exit in profit. The profit-taking, however, declined in the consolidation phase that followed this peak, and the recent bearish price action has outright pushed the metric below 1. The indicator currently has a value of 0.99, which is still almost neutral, but it does show that some top buyers have started to capitulate. As Checkonchain explains, “many recent top buyers and ‘Weaker’ hands are selling around their buy-in price and saying ‘get me out.'” In the past, capitulation events from the Bitcoin STHs have often meant a flush of weak hands, facilitating bottom formations for the cryptocurrency. Sometimes these events can go on for a while before the market reaches a turnaround, as happened in the lead-up to the April low. But interestingly, the STH SOPR’s dip into the loss-taking zone in June was quite short-lived and led into a quick reversal for the asset. It now remains to be seen which trend will play out for BTC this time. BTC Price Bitcoin has shown some recovery during the past day as its price has jumped to $116,400.

Century Aluminum (NASDAQ:CENX) announced Thursday it plans to restart over 50,000MT of idled production at its Mt. Holly smelter in South Carolina. The company said it will invest approximately $50 million in the effort, creating over 100 new jobs and boosting US domestic aluminum production by almost 10%. The restart will enable the plant, currently operating at 75% capacity, to achieve full production by June 30, 2026, a level not seen since 2015. The restart, it said comes as a direct result of President Trump’s application of Section 232 tariffs for primary aluminum, most recently increasing the tariffs to 50% on aluminum imports without exceptions or exemptions. At full capacity, Mt. Holly smelter has an economic impact of over $890 million annually in the state of South Carolina, driven in part by the average wage of $100,000 for jobs directly supported by Century Aluminum, according to University of South Carolina study released in 2024. “Today’s announcement was made possible by President Trump’s commitment to onshoring manufacturing of critical metals… and to protecting American workers in our industry whose expertise is needed to ensure future generations do not have to rely on foreign supplies to build our communities and grow our economy,” CEO Jesse Gary said in a news release. “Our team stands ready to continue leading the resurgence of domestic primary aluminum.”

Solana is seeing a sharp rise in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. According to new data from CoinGecko, four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the asset’s history. Solana Sees Massive Institutional Buying Spree Institutional appetite for Solana is accelerating at a pace not seen before, signaling a shift in market sentiment as major players seek exposure to SOL. A new report by CoinGecko reveals that four publicly listed companies have collectively acquired more than 3.5 million SOL, now valued at over $591 million. Leading the pack is Upexi, a Solana treasury company. Since late April 2025, Upexi has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. According to CoinGecko, the company’s position is currently valued at $319.5 million, slightly down by $0.9 million. However, the entire amount is staked, earning an 8% annual yield as of June 30. Close behind is DeFi Developments Corp, an AI-powered online platform, with approximately 1,182,685 SOL in its treasury. The company has maintained an aggressive pace of accumulation, most recently adding 181,303 SOL on July 29 at an average price of $155.33 per token. CoinGecko reveals that DeFi Dev Corp acquired its total position at an average price of $137.07, making its holdings now worth $198.9 million, with an unrealised gain of $36.8 million. SOL Strategies, a Toronto-based investment firm, holds 392,667 SOL, acquired steadily from mid-2024 to July 2025. Purchased at an average price of $158.12, the company’s position is now worth $66 million, reflecting a $3.9 million gain. Finally, Torrent Capital, a publicly traded investment company, has acquired 40,039 SOL. CoinGecko notes that the firm bought its Solana holdings in 2025 at an average price of $161.84. Now valued at $6.7 million, this smaller but well-timed bet is sitting on a profit of approximately $0.2 million. Overall, these four companies control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply. How Public Companies Are Buying SOL Moving forward, CoinGecko also reveals important details on how each company approaches its SOL allocation. While all four companies’ methods of accumulation differ, they share a growing confidence in Solana’s long-term prospects. According to the report, Upexi moved quickly, building the largest SOL treasury within four months and signaling a high-conviction and long-term bet. DeFi Developments Corp has taken a more tactical approach, adding to its position during market dips while remaining committed to holding. On the other hand, SOL Strategies built its stake gradually over 13 months through dollar-cost averaging and staking rewards, reflecting a disciplined, long-term strategy. Lastly, Torrent Capital took on a more strategically timed move, securing gains ahead of Solana’s rally in 2025.

Log in to today's North American session recap for August 7, 2025. Today's huge turn in the US stocks have sent another round of confusion in the daily cross-asset picture. Global stock indices were onto another strong session which lasted all the way to the North American opening bell, with Nasdaq, S&P 500 and the Dow Jones all opening strongly before giving up all their gains, reacting at key technical levels. Read More: Dow Jones and major US indices drop from key levels – Technical Outlook In other asset classes, the picture is not less confusing: Cryptocurrencies, traditionally seen as risk-assets are performing strongly with ETH dragging digital asset sentiment higher. On the other hand, commodities still show hesitancy in sentiment with Gold just breaking $3,400 and Oil breaking $64. For those who did not know, the Bank of England provided a hawkish cut after two votes – The first one showing a tie between a 25 bps or unchanged, and the second one leading to an actual cut from 4.25% to 4%, pushing the Pound higher. In geopolitcs, Benjamin Netanyahu announced the total control of the Gaza Strip while mentioning that Israel would then look to hand its reign to neighbouring Arab governments. Daily Cross-Asset performance Cross-Asset Daily Performance, August 7, 2025 – Source: TradingView A picture of today's performance for major currencies Currency Performance, August 7 – Source: OANDA Labs Spot the effect of the hawkish cut towards the GBP daily outperformance. After a weak start, the US Dollar seems to have found a floor – It will then have to be confirmed whether this floor is temporary or provide actual support to the ongoing downfall For the rest, the currency board isn't less confusing with The Kiwi second on the board which would have marked a risk-on FX picture if it wasn't for the Yen actually showing some form of strength (up 0.25% against the USD). A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Tomorrow's main event will be the release of the Canadian Employment number which may finally provide some independent movement for the Loonie. For technical levels in USDCAD, I invite you to check our mid-week NA Markets analysis. Of course, don't forget the University-of-Michigan Inflation expectations releasing at 10:00 A.M. ET. 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.

Avalanche (AVAX) is starting to flash signs of a potential trend reversal as a clear double bottom pattern forms on the weekly chart. With price action building strength, bulls now have their sights set on the next key Fibonacci resistance zone. Double Bottom Strengthens: Can Fibonacci Levels Hold? In a recent analysis of the weekly chart posted on X, The Boss, a market analyst, highlighted that Avalanche is currently establishing a solid technical foundation. He noted the emergence of a clear double bottom formation, often considered a reliable reversal signal when confirmed. According to The Boss, if this bullish pattern continues to play out, traders should keep an eye on the resistance zones marked by yellow lines, which are based on Fibonacci retracement levels. The Boss emphasized that the most critical level to watch is the horizontal resistance represented by the green line. He explained that a strong weekly close above this area would likely act as a technical catalyst, potentially unlocking more upside for AVAX in the near term Charting Key Technical Indicators Sharing further technical breakdown, The Boss drew attention to several key indicators that signal growing bullish momentum for AVAX. One of the standout observations is the MACD on the weekly chart, which is on the verge of a bullish crossover—a classic signal that buying pressure is gaining strength. The Boss also noted that the Relative Strength Index (RSI) is hovering around 55, just above the midpoint of the neutral zone. This positioning, coupled with its upward tilt, reflects a shift in momentum that favors the bulls. If the key indicator continues this upward trajectory, it could reinforce the developing bullish sentiment. Turning to the ADX, The Boss explained that while it remains below the 25 threshold—typically used to define a strong trend—it is showing gradual signs of strengthening. He suggested that a move above 25 would add weight to the bullish case by confirming the emergence of a more defined upward trend. Volume was another factor that The Boss highlighted in his analysis. He pointed out a steady increase in trading volume over recent weeks, which often signifies growing investor interest and confidence. In his view, this uptick supports the technical outlook and adds fuel to the potential breakout scenario. However, The Boss issued a note of caution despite the promising setup. He emphasized that crypto markets are inherently volatile, and for this bullish case to hold, price action must remain above key resistance zones. Traders, he advised, should watch closely for confirmation from indicators and weekly closes to validate the continuation of the trend.

Despite a strong open and a decent Jobless Claims release, Equity markets are rejcting their higher levels. The narrative had been confusing since last Friday's Non-Farm payrolls miss: All indices rallied above their pre-NFP levels in what seemed to be a total discounting of that new information, allowing participants to suppose that the repricing of a September cut (currently 91.5% priced in for 25 bps) would overtake the more pessimistic outlooks for Economy. Was the few days of price action a bull trap? Only the future will tell. But one sure thing, is that single days of price action are not enough to look at the global picture, a good reason to always take a step back and look at higher timeframes. It is costly to be bearish on Equities which are growing stronger every month. However, with tariffs now in place and data deceleration, it is essential to approach Markets with more caution and treat risk-management measures with importance. On Monday, we looked at Gold and Oil performance showing a different story than stocks – Commodities are good indicators of actual economic demand and it's good to look at their evolution. Markets may also look at the Continuing claims being at their highest level since November 2021 – It will be essential to see how this story evolves. Let's take a look at charts from the Dow Jones, S&P 500 and Nasdaq to see what technicals are showing. Read More: Why is the Pound rising after this morning's Bank of England rate cut?Dow Jones 8H Chart Dow Jones 8H Chart, August 7, 2025 – Source: TradingView The Dow initially bounced higher from oversold NFP levels all the way back to the July range Pivot Zone (44,400 to 44,500). These mid-range zones tend to be price magnets for retracements as lots of volumes get trades there. The rebound stopped at the 38.2% Fib of the move down that started just a week ago, with daily highs at 44,519 (CFD, actual index 44,498). The current 8H Candle is a strong bearish one, taking the index right around the middle of its longer run downwards channel – Buyers will want to step in around here to avoid Sellers to keep their strong hand. Levels to keep in check: Resistance Levels 44,100 (+/- 3 points) intraday resistance44,400 to 44,500 Pivot turned ResistanceAll-time high resistance zone around 45,000Support Levels Current Pivot 43,500 to 43,750NFP Lows Mini-Support (43,25043,000 Main Support Zone42,000 June post-war SupportS&P 500 8H Chart S&P 500 8H Chart, August 7, 2025 – Source: TradingView The S&P got very close to the 6,400 handle with a 6,389 top at the Daily open but is currently down 70 points from there, and was relatively stronger than its Big brother the Dow as bulls took it to just above the 23.6% of the NFP down-move. RSI Momentum is becoming bearish and sellers pushed the Index below its 8H MA 50. The down session from two days ago stalled at the 6,300 landmark so it will be essential to watch what the index does when it gets there. Any break below will look to test the NFP lows (6,216) Key levels to place on your charts: Resistance Levels 6,441 ATH on CFD (6,427 on SPX Index)Opening bell highs 6,404 (CFD, 6,389 on the actual index)FOMC Lows resistance Zone 6,350Support Levels 6,300 Key Support – Current Pivot (+/- 15 points)NFP Lows and lower bound of May Channel – 6,220 to 6,2406,152 January ATH levelNasdaq 8H Chart Nasdaq 8H Chart, August 7, 2025 – Source: TradingView The Nasdaq saw the biggest reversal, going from up 0.40% on the session to down 0.22% after rejecting the 23,500 zone. The ongoing selling is currently stalling before the 23,215 50-period MA which will require a bullish impulse to avoid, once again, sellers keeping their current strong hand. One major level to look to hold the higher timeframe uptrend is the lower bound of the May lows ascending channel. RSI momentum seems to be turning lower but is still above the neutral line, a development to keep an eye on. Levels to watch: Resistance levels 23,732 Current All-time highs23,500 psychological resistance zoneDaily highs 23,578 (CFD, actual index 23,560)Support levels Pivot Zone at 23,150Lower bound of ascending channel 22,91522,700 Support 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.

MetaMask, one of the most widely used Web3 wallets with over 100 million users, has officially integrated the Sei Network, a Layer-1 blockchain known for its speed and scalability. This major update now allows users to access Sei’s decentralized applications (dApps), tokens, NFTs, and perform SEI transactions directly from MetaMask, without the need for third-party tools or bridges. With this integration, the total number of supported blockchains in MetaMask rises to 11, further strengthening its position as a leading multi-chain wallet. A dedicated Sei section within the MetaMask Portfolio now offers users a smooth entry point to the network’s gaming, DeFi, and NFT ecosystem. Sei’s Ecosystem Growth Fuels Investor Optimism The timing of this integration couldn’t be better for the token. The network has recently achieved significant growth milestones: over 4.2 million daily transactions, a TVL surpassing $600 million, and 11 million monthly active users, all since launching its EVM-compatible chain less than a year ago. The tokenimproved accessibility through MetaMask is expected to attract more developers and users alike, expanding the reach of its high-performance blockchain infrastructure. According to Justin Barlow of the Sei Development Foundation, this marks a strategic leap toward making Sei the “best EVM ecosystem.” Market interest in the SEI token has already responded positively, with a 2.5% uptick post-announcement, and more upside could be in play. Bullish Indicators Suggest This Crypto Could Hit $0.50 Soon Several technical indicators are flashing green for the token. The Supertrend indicator has flipped bullish on the weekly chart, a signal previously followed by substantial price increases. Supporting metrics include: RSI (14): 51.3 — Neutral, room to climb Stochastic (9,6): 63.4 — Buy signal ADX (14): 28.9 — Strengthening trend Williams %R: -43.5 — Momentum building Crypto analyst @ali_charts predicts SEI could soon reach $0.54, citing strong chart structure and renewed investor confidence. With growing on-chain activity, seamless MetaMask access, and technical support, the SEI token appears poised for a breakout. The MetaMask’s Sei integration is not just a win for convenience, it signals a bullish bet on the future of decentralized interoperability as Web3 shifts toward a multi-chain reality. Cover image from ChatGPT, SUIUSD chart from Tradingview

Komatsu has partnered with Pronto, a Silicon Valley-based technology company, to deploy Pronto’s autonomous haulage technologies to quarry operations in the North American market, the companies announced Thursday. The partnership centers on the launch of Komatsu Smart Quarry Autonomous, powered by Pronto, a system that integrates Pronto’s autonomy technologies into quarry-sized haul trucks and ties into Komatsu’s Smart Quarry solutions. The new OEM-agnostic solution will allow quarry operators to retrofit existing Komatsu vehicles or purchase new trucks equipped with Pronto’s self-driving system, enabling 24/7 operation with minimal human intervention. The result is a step-change in operations: promoting safety by removing drivers from the immediate quarry environment, facilitating consistent cycle times with better fuel efficiency and providing data-driven insights via the Smart Quarry platform designed to optimize the overall operation of quarries, the companies said in a joint statement. “Partnering with…Komatsu is about more than technology, it’s about accelerating the future of heavy industry,” Pronto CEO Anthony Levandowski said in a news release. “Previously, the most advanced autonomy was reserved for the largest mines. Today, by combining Komatsu’s trusted hardware and vast support network with Pronto’s scalable, intelligent autonomous platform, we are fundamentally changing the game. We’re enabling a future of enhanced safety and incredible productivity that is now accessible to quarries of all sizes.” Pronto’s autonomous technologies utilize advanced artificial intelligence and rugged sensors to perceive the environment and navigate haul roads. This is designed to significantly lower the cost and complexity of deploying autonomy for quarries of all sizes. Combined with Komatsu’s Smart Quarry Site fleet management and analytics suite, operators will be equipped with insight and real-time control over their operations, the companies said. “This collaboration with Pronto accelerates our vision of smart, automated quarry operations,” Komatsu’s Senior Director for Customer Solutions Jason Anetsberger said. “We have decades of experience with autonomous haulage in large-scale mining. Now we’re bringing that expertise to quarries of all sizes. It’s a solution that helps drive productivity beyond what was previously possible and can support efforts to enhance safety by facilitating the removal of workers from areas of potential hazard.”

Desert Gold Ventures (TSXV: DAU) is proposing a modest project compared to peers in junta-led Mali to build on smaller costs and scale. Named after the Senegal Mali Shear Zone it sits on, the open-pit SMSZ would cost $15 million to start mining part of the resource, according to a preliminary economic assessment (PEA) released Thursday. SMSZ has an after-tax net present value of $24 million and the after-tax internal rate of return would be 34%. SMSZ is about 460 km west of the capital Bamako. “With less that 10% of the SMSZ project’s gold resources incorporated into this study, there is tremendous opportunity to improve project economics and materially grow this operation over time,” CEO Jared Scharf said in a release. “We have intentionally designed a mining solution that is both modular and flexible from a processing perspective giving us maximum operational optionality as we move forward.” Optimism despite politics SMSZ may be just small enough to slide under the military government’s radar for taxing and extorting. Over the last year, the regime has detained executives of Barrick Mining (TSX: ABX, NYSE: B) and Resolute Mining (ASX:RSG) amid payment disputes, while Barrick’s gold has been seized. Barrick has taken its case to international arbitration. Desert Gold shares were down 13% to C$0.07 apiece in the early afternoon on Thursday in Toronto, for a market capitalization of C$18 million. Desert Gold hasn’t been affected by any of the junta’s policies, “other than headline news hurting our share price, which is admittedly very frustrating,” Scharf said in an email to The Northern Miner. “We have a valid mining permit and our intention is to move forward and start producing gold asap,” he said. “Jurisdictional risk is cyclical and there will be better times ahead in Mali. We’re going to be playing the long game and wait this one out. Not walking away from one of the best land packages in West Africa.” SMSZ could produce 220,000 tonnes per year over more than a 17-year life at all-in sustaining costs of $1,352 per ounce. Total payable production would total 97,600 ounces. Modular development The mine plan consists of two stages, starting with open-pit operations at SMSZ’s Barani East and then at the Gourbassi deposits. A modular gravity and carbon-in-leach plant would be commissioned at Barani and then moved to Gourbassi. That strategy helps keep costs lower and avoids duplicating infrastructure, the company said. The Barani East small mine permit allows for up to 36,000 tonnes of ore per month. “This means we have the ability to double production from the current PEA plan of [18,000 tonnes] per month,” Scharf said. “Given the numerous brownfield exploration targets within close proximity to the Barani starter pit, management believes there is a high likelihood of growing this operation materially over time.” SMSZ hosts 11.12 million measured and indicated tonnes grading 0.94 gram gold for 336,800 contained oz., and 27.16 million inferred tonnes at 1.01 grams gold for 879,900 ounces, according to the PEA.

A new analysis by popular crypto chartist EGRAG CRYPTO on the social media platform X provides an in-depth look at five technical markets on XRP’s path forward. Notably, XRP’s price action has been experiencing a slight retracement and consolidation in early August following a rally in July during which XRP broke above $3 and reached new all-time highs. Key Things To Watch Out For With XRP’s Price Action Currently trading just around the $3.00 psychological level, XRP’s price action is witnessing volatile candles across shorter timeframes. However, according to the technical outlook from EGRAG CRYPTO, XRP bulls appear to be defending key zones around $2.90, amidst the broader market sentiment remaining cautiously optimistic. The first key thing to watch out for is bullish closings above $3. Zooming into the 4-hour timeframe, EGRAG’s first key observation is that XRP has managed to close multiple candlesticks above the $3.00 threshold. This level is not only psychological but also a strong confidence booster for traders looking for confirmation of bullish continuation. Secondly, the charts show that most of the candle wicks are forming from the upside, a sign that while sellers are active, they have not overwhelmed the buying strength just yet. However, the third key thing to watch out for is a possible correction. Particularly, EGRAG noted that a retest of the $2.96 to $2.93 price zone is possible in the near term. This price range has been marked as a short-term support zone, where buyers could look to reload if XRP briefly dips. That being said, the more critical level for bulls to protect is $2.80, which is the fourth key thing to watch out for. According to the analyst, closing below $2.80 again would undermine the bullish structure and could cause downside momentum. As such, holding above this level is crucial for maintaining bullish momentum. Price Target Goals The fifth key thing to watch out for as the bull market unfolds is price targets that can confirm bullish momentum. In terms of price targets and resistances, EGRAG noted specific price levels that would reflect new bullish energy and possibly a breakout to new all-time highs. The first milestone is a close above $3.185. This level previously acted as a rejection zone in late July. Therefore, breaching $3.185 with conviction would flip sentiment more decisively in favor of the bulls. Above that, the analyst highlighted $3.25 as the next key checkpoint, and surpassing it would put XRP in a strong technical position. The resistance targets beyond that are $3.33 and $3.45, and these are breakout zones that could cause a new all-time high scenario. These targets align with the upper resistance blocks illustrated on EGRAG’s charts, and any solid close above $3.45 can be interpreted as a move to at least $3.65. At the time of writing, XRP is trading at $3, up by 2.4% in the past 24 hours.

Франция переходит на новый этап внедрения криптовалют, поскольку партия крайнего правого крыла Rassemblement National (RN) готовит законопроект, разрешающий использовать неиспользуемую ядерную энергию для майнинга Биткоина. По информации французской газеты Le Monde, лидер партии и трижды выдвигавшийся в президенты Марин Ле Пен продвигала этот план во время визита на АЭС Фламанвиль 11 марта, заявив, что это разумный способ превратить упущенное электричество в “надежные и крайне прибыльные” цифровые активы. План Франции: майнить Биткоин с помощью ядерной энергии Предложение Rassemblement National стало одной из самых обсуждаемых криптоинициатив во Франции. Партия утверждает, что поскольку Франция часто производит больше электроэнергии, чем потребляет, излишки не должны пропадать впустую. Законодатель от RN Орелиен Лопес-Лигуори подготовил законопроект о размещении оборудования для майнинга Биткоина на ядерных объектах компании Électricité de France (EDF), государственной энергетической компании. Идея состоит в том, чтобы направить неиспользуемую ядерную энергию (до одного гигаватта избытков) прямо на майнинговые фермы. Поскольку более 70% французской электроэнергии производится на АЭС, избыточные объемы электроэнергии продаются с убытком или даже за счет Франции передаются соседним странам. Вместо того чтобы продавать лишнюю энергию в убыток, Франция будет использовать ее для более выгодного дела – майнинга Биткоина и сохранения прибыли. Законопроект, поданный в Национальное собрание Франции 11 июля 2025 года, предусматривает пятилетнюю пилотную программу, которая позволит энергетическим компаниям создавать майнинговые предприятия непосредственно на АЭС. По внутренним оценкам, это может приносить от 100 до 150 миллионов долларов дохода в год. Политический поворот: от скептиков к сторонникам криптовалют Поддержка майнинга Биткоина со стороны Rassemblement National обозначает резкий поворот в отношении партии к криптовалюте. В 2016 году Марин Ле Пен была категорически против криптовалют, считая, что они лишат граждан контроля над финансами и увеличат власть глобальных банков, выступая за полный запрет их использования во Франции. Однако к 2022 году Ле Пен смягчила свою позицию, начав поддерживать регулируемое использование криптовалют в финансовой сфере. А к 2025 году она открыто выступает за майнинг Биткоина как часть национальной стратегии, что отражает значительные изменения как внутри её партии, так и в общественном политическом дискурсе по теме крипто. После неудачи подобного предложения в июне 2025 года депутат Лопес-Лигуори переработал законопроект, сделав акцент на национальную инфраструктуру и экономическое восстановление, утверждая, что план поможет сделать Францию более экономически независимой и решить давнюю проблему с избыточной энергией. В случае принятия Франция станет первой страной в Европе, официально связавшей майнинг Биткоина, поддерживаемый государством, с ядерной энергией, задавая пример другим странам, стремящимся заработать на избыточной возобновляемой или ядерной энергии. Быки стремятся превратить уровень $114 000 в поддержку. Источник: BTCUSD on TradingView.com Токен Maxi Doge (MAXI) собирает $400 тыс. на предпродаже, поскольку трейдеры проявляют интерес Maxi Doge (MAXI) – это новый смелый мем-коин, построенный вокруг культуры “только вверх”, которая определяет крипто-бычьи рынки. Токен дает сообществу шанс “выйти из душной комнаты”, уйти от ограничений и получить доступ к потенциальным сделкам x1000 через Maxi Fund. 25% общей эмиссии направлены на поиск самых взрывных токенов цикла, без стоп-лоссов, без страха и с одним правилом: если цена падает – удваивай ставку! Такие инвестиции с высоким риском и высокой уверенностью для тех, кто хочет либо поучить максимальную прибыль, либо уйти с рынка с пустыми руками. Maxi Doge создан для настоящих криптоэкстремалов! Предпродажа еще актуальна: неавно бло собрано целых $400 000. Чтобы купить токен $MAXI прямо сейчас, достаточно зайти на официальный сайт Maxi Doge и подключить свой криптокошелек (например, Best Wallet). Вы можете обменять USDT или ETH на токен, либо инвестировать в проект с помощью банковской карты.

Omni Network (OMNI) continues to ride a powerful bullish wave one week after its debut on South Korea’s top exchange, Upbit. As of now, the token trades at approximately $5, marking a 276% surge over the past 30 days, with the listing acting as a major catalyst in drawing global investor attention. Launched to tackle fragmentation in Ethereum’s growing rollup ecosystem, Omni Network is fast becoming a favorite among both retail and institutional investors. The network’s promise of seamless interoperability between Ethereum rollups, powered by OMNI as a universal gas token, has boosted its bullish momentum. Why OMNI Is Outperforming the Market OMNI’s remarkable ascent began with its July 29 listing on Upbit. Within hours, the token surged from $2.50 to over $7.80, before stabilizing around $5. High trading volumes exceeding $580 million supported the magnitude of investor demand. Technical indicators remain bullish. The MACD line continues to trend above the signal line, while RSI levels, though overbought, suggest sustained momentum. Analysts view $4.36 as a crucial support level, with $5.98 and $6.94 serving as key resistance points. A breakout above these could pave the way to $10 and beyond in the coming months. Beyond speculative interest, the token’s utility adds long-term value. Its dual staking model, which includes both the token and restaked ETH, combined with its universal gas marketplace, makes it a foundational infrastructure layer in Ethereum’s modular future. Outlook: Can This Crypto Keep the Momentum Going? Omni Network’s design aligns well with the Ethereum roadmap, and its market performance reflects strong confidence in its value proposition. With just over 10 million OMNI tokens currently in circulation, and most allocations under long-term vesting, supply remains constrained, adding to upward price pressure. If adoption among Ethereum rollups continues and trading volumes hold, the token could hit $10–$30 within the next 12–24 months, according to mid-to-long-term forecasts. For now, the Omni Network story is one of strong fundamentals, positive technicals, and a market narrative centered on blockchain support, place OMNI as one of 2025’s most promising Layer 1 tokens. Cover image from ChatGPT, OMNIUSD chart from Tradingview

Minera Alamos (TSXV: MAI) has agreed to buy the Pan gold mine in Nevada from Equinox Gold (TSX: EQX) (NYSE-A: EQX), a move that it says would provide quick and strong cash flow to support the company’s existing development-stage projects. The Pan gold mine — located along the Battle Mountain–Eureka gold trend, is an open-pit operation centred around a Carlin-style deposit that Equinox acquired through its recent acquisition of its Canadian peer Calibre Mining. The mine entered production in 2017 and now produces gold from two pits using a conventional crush and heap-leach process. Last year, Calibre sold 35,228 oz. of gold produced from the mine at a cash cost of $1,473 per ounce, and had set a guidance targeting 30,000–40,000 oz. at an all-in sustaining cost of $1,600–$1,700 per ounce for 2025. The entire Pan gold complex currently hosts 288,000 oz. of measured and indicated resources, including 247,000 oz. in reserves, according to Calibre’s latest estimates. Minera Alamos CEO Darren Koningen said the acquisition of Pan would unlock “significant value” in its late-stage project development pipeline and allow the company to leverage internal cash flow to significantly grow its production profile over the next few years. “The cash generated will provide our exploration team with the resources they require to demonstrate the true size potential of all the existing projects including Cerro De Oro, Copperstone and the newly acquired Pan complex,” he said in a press release Thursday. Shares of Minera Alamos plunged nearly 20% by midday on the announcement, sending its market capitalization to C$220 million ($160 million). Transaction details In addition to Pan, the company will also be acquiring the Gold Rock and Illipah projects from Equinox. The former is a proposed open-pit, heap-leach gold development project located 8 km from the Pan mining operations. A 2021 economic assessment for the project outlined a 6.5-year mine life with average annual production of approximately 56,000 oz. According to Minera Alamos, the Pan and Gold Rock deposits have a combined consensus net asset value of $279 million, based on published analyst reports. To acquire the assets, the company will pay Equinox $90 million in cash and $25 million in equity, for a total consideration of $115 million. To raise funds, Minera Alamos has arranged a bought deal financing for gross proceeds of at least C$110 million ($80 million) to cover the cash portion of the deal. In connection with the acquisition, the gold miner has also appointed Jason Kosec, a mining veteran with 15 years of experience, as its chairman to lead its growth initiatives. Kosec is also expected to participate in the financing. Growing Portfolio The transaction, says Minera Alamos, would create a diversified, Americas-focused precious metals producer with immediate production and cash flow and a suite of low-capital, quick-build gold projects to drive production growth. The Pan mine, with 40,000 of expected gold production this year, is expected to generate strong cash flow given the current record gold price environment, it adds. When fully developed, the company’s asset base will hold the potential to produce, in aggregate, over 175,000 oz. gold annually based on the current development plans for Copperstone, Cerro de Oro and Gold Roc. Copperstone is a fully permitted project located in Arizona. A preliminary economic assessment this year outlined an approximate six-year underground mine life with annual production of 40,000-50,000 oz. gold. The study estimated an initial capex of $36 million, an after-tax net present value (at 5% discount) of $227 million and an internal rate of return of 171%. Cerro de Oro is a heap-leach project located in Mexico’s Zacatecas state, with permits pending. A 2023 PEA demonstrated an 8.2-year open-pit mine life, producing approximately 60,000 oz. of gold per year with initial capex of $28 million, returning an after-tax NPV of $151 million and IRR of 111%.

The New Zealand dollar showed some strong gains earlier but couldn't consolidate. After rising as much as 0.50%, NZD/USD has retracted and is trading at 0.5939 in the North American session, up 0.17% on the day. New Zealand inflation expectations ticks lower in Q3 New Zealand's inflation expectations for the next two years ticked lower in the third quarter, falling to 2.28% from 2.29% in Q2. As well, one-year inflation expecations dipped to 2.37% from 2.41%. These are not large decreases by any stretch, but the updated figures indicate that businesses expect inflation to ease slightly. The readings are within the Reserve Bank of New Zealand's inflation target band of 1%-3%. RBNZ likely to cut later in August Actual inflation rose by 2.7% in the second quarter, up from 2.5% in Q1. Again, this level is within the central bank's target band, where it has remained for a fourth consecutive quarter. Inflation may be a bit high for the Reserve Bank's liking, but it has made clear that it plans to continue lowering rates. The RBNZ held the benchmark rate at 3.25% last month but this was a "dovish hold" as the central bank said it expected to loosen policy if medium-term inflation continued to ease as expected. The July hold was the first time the Reserve Bank did not cut rates since the easing cycle started in August 2024 - the central bank had lowered rates six straight times, chopping off 225 basis points. The RBNZ statement said that the economic outlook was "highly uncertain", a pointing to sticky inflation and the impact of tariffs. Still, the markets have priced in a rate cut on ugust 20, on the basis that the economy is weak and inflation is contained within the target band. NZD/USD Technical NZD/USD tested resistance at 0.5950. Next, there is resistance at 0.59710.5921 and 0.5900 are providing support NZDUSD 1-Day Chart, Aug. 7, 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 is entering a critical phase after losing the crucial $115,000 support level, with selling pressure mounting across key timeframes. The bullish momentum that previously fueled upside moves has faded, and price action now signals growing market weakness. As investor sentiment shifts from cautious optimism to concern, fears of a deeper correction below $110,000 are gaining traction among analysts. According to CryptoQuant analyst Axel Adler, Bitcoin has established a short-term resistance level at $112,000—a constructive sign that the market is attempting to stabilize. However, Adler warns that the $112K–$105K zone remains structurally fragile, acting as a buffer that separates current price levels from more aggressive downside risk. If sellers push BTC below $105K, it could trigger a cascade of long liquidations and shake out short-term holders. With macroeconomic uncertainty and declining ETF flows weighing on sentiment, Bitcoin’s path forward depends on how it reacts within this range. A recovery above $112K would signal resilience, while a breakdown could open the door to a broader market correction. Short-Term Holder Risk Grows As Bitcoin Fails To Reclaim Momentum According to Adler, the current structure of the Bitcoin market shows growing vulnerability, particularly among short-term holders (STHs). Adler points out that the 1-week to 1-month STH Realized Price sits at $117,000, meaning this entire cohort is now underwater. These investors, who tend to react emotionally to short-term volatility, may be the first to panic-sell if any negative catalysts emerge—potentially triggering a cascade of sell-offs across the broader market. Adler further highlights the $105,000 level as a critical support zone, based on the aggregated STH Realized Price. If Bitcoin drops into this range, the pressure to hold will intensify, but it may also act as a strong technical and psychological level that could slow or even reverse the downtrend. “The market remains weak,” Adler reaffirmed, maintaining his bearish stance from the day prior. He emphasized that retail investors are failing to push the price higher, and the lack of sustained demand adds to the growing structural weakness in the market. Compounding the stress is recent weak US jobs data, which has sparked fresh speculation about potential interest rate cuts from the Federal Reserve. While this could be bullish for risk assets in the long run, the current uncertainty is adding pressure to already fragile market sentiment. Bitcoin Attempts Recovery Amid Resistance Cluster The 4-hour chart for Bitcoin (BTC) reveals a key battle playing out below the $116K resistance zone. After briefly dipping below $113K earlier this week, BTC has rebounded and is now trading around $115,478, approaching the 100 and 200 moving averages—currently acting as overhead resistance at $116,596 and $115,799, respectively. The price is also attempting to break back above the horizontal support-turned-resistance at $115,724, a level that held during July’s consolidation range. This cluster of resistance—formed by the SMAs and horizontal level—poses a significant short-term hurdle. A clean breakout above this zone with strong volume could signal renewed bullish momentum and open the path toward retesting the $122K range high. However, volume remains relatively low compared to the July breakout, and the failed attempts to reclaim higher levels suggest buyers are cautious. Unless BTC can reclaim and consolidate above $116K, the rejection risk remains high, potentially pushing the price back into the lower $112K–$113K support band. Featured image from Dall-E, chart from TradingView

Centerra Gold (TSX: CG)(NYSE: CGAU) said it’s moving ahead with development and construction of its Goldfield project in Nevada after rising gold prices boosted estimated returns. Using a long-term gold price of $2,500 per oz. and a discount rate of 5%, Goldfield now has an after-tax net present value of $245 million (C$338 million) and an internal rate of return of 30%, Centerra said late Wednesday. Since gold’s 30% surge this year “has enhanced project returns,” detailed engineering and early procurement activities for construction will begin immediately, the company added. Toronto-based Centerra is counting on Goldfield – which it predicts will become a “strategic” asset once production starts by the end of 2028 – to boost total output and offset natural declines at Turkey’s Öksüt gold mine. Execution risks associated with the mine’s construction are low due to the presence of a conventional open pit, Centerra says. The move to proceed with Goldfield, which reverses a decision last year by the company, “further leverages Centerra’s deep project pipeline,” National Bank Financial mining analyst Don DeMarco said in a note. Idaho, BC Other Centerra projects include Idaho’s Thompson Creek molybdenum mine, which is targeting first production in 2027, and British Columbia’s Kemess gold-copper mine, where a preliminary economic assessment is in the works. Initial capital costs are pegged at about $252 million, including about $40 million in pre-production stripping and other costs, while the all-in sustaining cost is projected to be about $1,392 per ounce. Centerra expects to fund the mine’s construction with existing liquidity, Tomory said. Centerra envisions a seven-year mine life for Goldfield, with average annual gold production of around 100,000 oz. in peak production years. It acquired the project in 2022. Hedging To lock in the benefits of elevated gold prices, Centerra has signed hedging agreements covering half of the mine’s production in 2029 and 2030. Terms include a gold price floor of $3,200 per oz. and an average gold price cap of $4,435 per oz. in 2029 and $4,705 per oz. in 2030, at no cost to the company, Centerra said. “Goldfield is well positioned to deliver strong returns,” CEO Paul Tomory said in a statement. “Over the last several months, Centerra has undertaken additional technical work and project optimizations that have significantly enhanced Goldfield’s value proposition and have de-risked the project. Favourable gold prices combined with these recent developments have improved the project’s economics, enabling us to move forward with execution.” There are four deposits at the site: Goldfield Main, Gemfield, Jupiter and McMahon Ridge. Centerra’s most recent resource, dated June 30, shows proven reserves of 9.94 million tonnes grading 1.04 grams gold per tonne for contained metal of 334,000 oz. and 23.4 million tonnes of probable reserves grading 0.49 gram gold for contained metal of 372,000 ounces. Permits As it prepares for the start of construction, Centerra is continuing to advance permitting activities for Goldfield. Existing permits for the Gemfield deposit will require minor amendments, while permit applications for Goldfield and McMahon Ridge will be submitted later. Centerra’s announcement came as the company reported quarterly results. Second-quarter net income jumped 82% to $68.6 million as revenue rose 2% to $288.3 million. Shares of Centerra fell 1.4% to C$10.14 Thursday afternoon in Toronto. That gave the company a market value of about C$2.1 billion.

Markets got surprised by this morning's Bank of England rate decision, despite them following market indications of a 25 bps rate-cut. For those who haven't seen the headlines, the BoE took their Main policy rate, the Bank Rate, from 4.25% to 4%. Despite cuts being typically more bearish on currencies, it is always important to watch how the votes and the process towards the rate decision took place. Particularly when the decision is well priced-in, like the 96% pre-cut price in for this BoE event, Participants then turn to communications from the Central Bank to see how future decisions might take place. The Bank of England had to take a rare second vote to achieve the 25 bps outcome, as the initial decision did not reach a consensus (5 votes for a cut, 4 votes to maintain the rate). With BoE's Governor Bailey mentioning still-too-high inflation and growth risks, the communication has been considered Hawkish by participants, leading to a rebound in the Pound. Let's now look at GBP/USD multi-timeframe technicals to spot where the ongoing rise could be heading. Despite it being a pre-rate decision post, I would advise to look at our EUR/GBP analysis to see on what factors move the European pair. Read More: The US Dollar tries to find stable groundA look to the current GBP performance vs Majors GBP performance vs major currencies, August 7, 2025 – Source: TradingView GBPUSD multi-timeframe Technical AnalysisGBPUSD Daily Chart GBPUSD Daily Chart, August 7, 2025 – Source: TradingView The past trading weeks have been volatile for the major pair to say the least. Cable had marked a top close to the 1.38 handle and has free-fallen since before marking its most recent lows at 1.31415. Despite this morning's rise after the BoE rate decision, the currency pair hasn't broken out of its current downwards channel. One setup to keep your eyes on is the formation of a Daily Head and Shoulders pattern that, if materializes, could lead to a fall back towards the 200-Day MA, currently at 1.2950. A weekly close above 1.35 would invalidate this pattern but in the meantime, it is key to keep that formation in check. Of course, a lot can happen before this so it's essential investigate future data releases. GBPUSD 4H Chart GBPUSD 4H Chart, August 7, 2025 – Source: TradingView Current trading levels are very important to the future outlooks for the pair. Despite showing a breakout of the ongoing downwards channel, buyers will want to make a clear push and close above the daily 1.34370 highs. Levels to watch for the pair: Daily Resistance Levels 1.35 4H MA 200 and psychological levelMain Resistance 2 1.36Resistance 3 1.37 ZoneKey Pivot Zone: 1.34 doji, daily highs 1.34370 and doji lows Daily Support Levels Support 1 1.3260-1.33Support 2 1.3170 - 1.31850 – Most recent lows 1.3140S3 at 1.30 Zone (+/- 300 pips)GBPUSD 30m Chart GBPUSD 30m Chart, August 7, 2025 – Source: TradingView We take a closer look to see the detailed levels of the key 1.34 Zone: Some profit-taking is happening as the pair is moving to overbought on this timeframe with Markets showing an indecision doji within the key 1.34 Pivot Zone. Any break above would point towards the 4H MA 200 right at the 200-period 4H MA, On the other hand, a rejection lower would point to a retest of the upper bound of the channel in confluence with the 1.33 level. 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.

OceanaGold (TSX: OGC) set a new all-time high on Thursday after the company turned in strong quarterly results that were marked by record revenue and profit. During the second quarter of 2025, the Vancouver-headquartered gold miner saw revenue jump to a record $432 million, compared with $359.9 million the previous quarter and $251.2 million the same period last year. Net profit also hit a record $117.6 million, up from $101.2 million in Q1 and just $34 million a year ago, as did adjusted earnings per share ($0.51), which beat analyst estimates. BMO Capital Markets had forecasted an adjusted EPS of $0.41. Shares of OceanaGold soared by double digits on the Q2 2025 results, including a record high of C$22.69 during the morning trading. As of 11:15 a.m. ET, it traded at C$22.05, with a market capitalization of just over C$5 billion ($3.6 billion). BMO gave the stock an “Outperform” rating with a price target of C$28 a share. Higher gold prices, output Driving these results were an increase in realized gold prices, averaging $3,293/oz. during the three-month period, the highest ever. Rising quarterly gold production of 119,500 oz., which represents a slight increase over Q1 and a 21% jump from 2024, also helped to bump the company’s financials. The gold output surpassed BMO’s initial estimate of 108,000 oz. The Haile operation in South Carolina continues to lead the way with nearly a third of OceanGold’s quarterly production, though its output fell slightly from the previous quarter. Overall, all four of its producing mines had higher gold production than in the same quarter a year ago. The Didipio mine in the Philippines also produced more copper than the comparable quarters. All-in sustaining cost came to $2,027/oz. in the second quarter, a small improvement over last year. Cash flow generated during the quarter was $120 million, taking the company’s total cash balance 31% higher to $299 million, with no debt outstanding. Guidance on track Following the results, OceanaGold says it is on track to deliver its full-year guidance for production, cost and capital — set at 450,000-520,000 oz., $1,900-$2,050/oz. and $120-$130 million respectively. Gerard Bond, CEO of OceanaGold, said the company is set up for a strong fourth quarter and beyond as it expands Haile and Macraes (New Zealand), two of its biggest sites. In addition, permitting of the Waihi North project, which includes the high-grade Wharekirauponga underground deposit, is progressing, with approval expected by year-end, he added.

Copper prices edged higher on Thursday, driven by strong Chinese trade data that signaled robust industrial demand, while supply risks from Chile began to cast a shadow over the market outlook. China reported an unexpected surge in both imports and exports in July. Total exports jumped 7.2% from a year earlier, outpacing economists’ projections of 5.6%, as manufacturers expanded into alternative markets despite ongoing US tariffs imposed by President Donald Trump. This export-led momentum is sustaining demand for industrial metals like copper, which are essential components in cars, appliances, electronics, and construction. Chinese manufacturers, facing subdued domestic demand, have increasingly relied on international buyers to maintain output. Copper imports were also stronger-than-expected, Zhou Xiao’ou, an analyst with Zijin Tianfeng Futures Co, told Bloomberg. Purchases of the metal and products reached 480,000 tons in June, the highest level this year. Russian shipments and cargoes from Chinese-owned mines in Africa may have replaced those rerouted to the US to beat the Trump administration’s tariff deadline, she said. The most actively traded COMEX copper futures rose by 0.8% to $4.4115/lb. ($9,7053 per tonne) as of 10:40 a.m. ET. On the LME, copper settled 0.4% higher at $9,676 per tonne as of 5:51 p.m. London time. Codelco shutdown adds supply risk On the supply side, the market is still reacting to a major operational setback in Chile. Codelco, the world’s largest copper producer, halted operations at its El Teniente mine after a deadly tunnel collapse on July 31 killed six workers and injured nine. Underground mining activities were suspended, and processing plants were placed on care and maintenance after stockpiled ore ran out. The shutdowns are expected to reduce output of the metal used in wiring, electronics and construction by about 30,000 metric tons a month, a quarter of Codelco’s production. With 5,000 workers reassigned to inspect equipment, Codelco is now seeking regulatory approval to partially restart unaffected areas of the mine. The company has responded to multiple information requests from Chile’s mines regulator Sernageomin and the Labor Directorate. “The situation is very delicate and an investigation is underway,” Michael Cuoco, head of metals at StoneX Financial Inc, told Bloomberg. “As long as it’s ongoing, I find it extremely unlikely that the mine will be able to reopen.” (With files from Bloomberg)

A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat payments fell from 95% to 85% over the same period. Rise In Crypto Payroll According to Pantera Capital’s 2024 Blockchain Compensation Survey, USDC leads the pack. It now makes up over 60% of all crypto wages. USDT trails with 28%. Smaller slices go to Solana at 1.9% and Ethereum at 1.3%. These numbers point to stablecoins becoming a regular tool for payroll. That’s a big change from just a year ago. Many companies are drawn by faster settlement times and lower fees. And workers in regions with shaky banking systems see real benefit. Reports have disclosed that Asia-based teams and contractors are among the biggest drivers of this trend. They often rely on stablecoins to avoid high transfer costs or strict local rules. A handful of firms now let staff split pay between cash and crypto. This hybrid model gives people the freedom to hold tokens or spend fiat. It also helps those who want to dollar-cost average into crypto markets. Pantera’s data shows these arrangements are on the rise, though full-crypto pay remains rare. Stablecoin Salaries Soar Circle’s decision to publish monthly reserve reports has strengthened trust in USDC. The company even secured access to US Treasuries for its backing. That transparency helps explain why more payroll departments pick USDC over other coins. Tax teams also get clearer data when they see monthly reserve disclosures. Behind the scenes, better payroll platforms and accounting tools have made on-chain payments simpler. Real-time rails now link digital wallets to corporate treasuries. And more firms are building internal processes to track taxable events. Based on reports from industry insiders, this is only the beginning. As more crypto-native companies formalize their operations, they’ll need reliable ways to pay people. And wider acceptance by regulators could give traditional firms the confidence to join in. Featured image from Young Platform, chart from TradingView

XRP has come under selling pressure following its recent all-time highs near the end of July. After briefly pushing above the $3.10 mark, bullish momentum faded, triggering volatility across the board. While XRP remains within its long-term bullish trend, buyers are losing control of short-term price action. The failure to maintain levels above $3.10 has led to growing concerns about a deeper correction, especially as broader market sentiment turns cautious. New data from CryptoQuant adds to the bearish outlook. Whale flows have sharply flipped into negative territory, indicating renewed distribution by large holders. This shift resembles the pattern seen earlier this year, when sustained outflows from whales preceded a multi-week correction. Unless this trend reverses with consistent accumulation from major players, XRP may remain structurally weak in the near term. With the entire crypto market losing momentum, the coming days will be critical for XRP. Investors are watching closely to see whether long-term support holds or if distribution pressure escalates. The behavior of whales, combined with rising volatility and short-term bearish sentiment, suggests caution is warranted as XRP’s price action enters a decisive phase. Whale Outflows Signal Caution for XRP As Market Faces Structural Weakness According to CryptoQuant analyst The Enigma Trader, XRP’s on-chain metrics are flashing warning signs. The 90-day moving average (90DMA) of whale flow has sharply turned negative, signaling renewed distribution from large wallets. This pattern mirrors activity observed in January–February 2025, when XRP hit a local top before experiencing a sustained correction. During that period, consistent outflows from whale wallets coincided with growing selling pressure, leading to a sharp downturn in price. While the current drawdown is milder and shorter in duration, the directional similarity is notable. The shift in whale flow suggests that large holders are reducing exposure, likely anticipating increased volatility or weaker demand in the near term. For XRP to regain bullish momentum, The Enigma Trader points out that the market needs to see a return of consistent positive whale flows, exceeding +5 million XRP per day. So far, there’s no clear sign of such activity. Without renewed accumulation from institutional players or high-net-worth investors, the market may remain structurally weak. Whale buying has historically been a key signal for trend reversals and sustained price rallies. Until that resumes, XRP could continue to struggle with short-term volatility and selling pressure. Price Holds Support After Post-ATH Pullback XRP is currently trading around $2.98 after pulling back from its all-time high above the $3.60 level set in late July. As shown on the daily chart, the price recently bounced near the 50-day simple moving average (SMA), which sits at $2.71, suggesting this moving average is acting as a dynamic support level. The overall trend remains bullish, with XRP still well above the 100-day ($2.49) and 200-day ($2.45) SMAs. Despite the correction, XRP’s structure is holding up as long as the price stays above the $2.70–$2.80 zone. A decisive breakdown below this range could expose XRP to further downside, potentially revisiting the 100-day SMA for support. On the upside, bulls face immediate resistance around $3.10, a level the market has tested multiple times since the pullback. Volume has decreased during the recent decline, suggesting that sellers are losing momentum. However, without a surge in buying pressure, the rebound may stall below key resistance levels. Market participants are watching closely to see if bulls can reclaim $3.10 and build a base for a new upward leg, or if the lack of accumulation — especially from whales — signals more downside ahead. Featured image from Dall-E, chart from TradingView

Bitcoin’s volatility just hit its lowest point since September 2023. This event could be a signal that a major shift in Bitcoin and crypto market conditions is unfolding. According to the BVIV index by Volmex, Bitcoin’s 30-day implied volatility fell to a low of 36.11%. These levels haven’t been seen since September 30, 2023, back when BTC was trading below $30,000. And then, it was just days away from aggressively breaking out to the upside. Fast forward to today: Bitcoin is holding strong well above $114K, and yet, volatility has all but collapsed. This divergence is a big deal: it suggests that $BTC is starting to behave more like a TradFi asset, where bull runs are often accompanied by periods of low-volatility lulls. For savvy investors, this creates a rare window of opportunity. When the market is calm and slowly grinding up, it often sets the stage for huge upside. This is especially true for altcoins like Bitcoin Hyper ($HYPER), which are built to ride Bitcoin’s momentum with extra utility and speed. What’s Driving This Market Shift? Bitcoin is currently consolidating between $110,000 and $120,000; but the real story is under the hood. The 30-day implied volatility (IV), tracked by the BVIV index, dropped to 36.11% today – a level unseen since 2023. Historically, Bitcoin’s volatility would rise during price surges, reflecting high levels of fear, excitement, and speculation. However, this cycle appears to be different. Despite $BTC gaining over 50% since its lows in April, volatility has been steadily trending down. In fact, when compared to Gold’s volatility, Bitcoin’s volatility is at a historical low, currently less than twice that of Gold’s. So what’s changed? Analysts point to the growing use of institutional-style structured products, such as options and ETFs, that suppress BTC’s volatility. As more institutions and other large players enter the space, Bitcoin is increasingly mirroring TradFi markets like the S&P 500 or Gold, where slow, upward trends tend to dampen volatility rather than ignite it. Why Low Volatility Is Actually Bullish In traditional finance, falling volatility during bullish periods in the market is a sign of growing confidence, not weakness. It suggests that investors truly believe in the trend, and aren’t aggressively taking profits or scrambling for hedges. Bitcoin’s current implied volatility downtrend reflects that exact dynamic. As fear subsides, institutions are more likely to step in, looking for steady, scalable exposure. That’s already playing out through rising ETF inflows and increased interest in tokenized real-world assets (RWAs). More importantly, this creates the ideal environment for infrastructure-focused plays – especially those that scale Bitcoin. That’s where Bitcoin Hyper comes in: a lightning-fast Bitcoin Layer 2 designed to handle the next big wave of on-chain activity. As capital rotates into $BTC and its adjacent ecosystems, low volatility sets the stage for long-term narratives, not just short-term pumps. The calmer the market appears on the face of it, the more serious money gets involved. And scalable, utility-driven projects like Bitcoin Hyper are perfectly placed to benefit. Bitcoin Hyper ($HYPER): A Bull Market Scalability Play With Bitcoin finding its footing around $115K and volatility at 2-year lows, the stage is set for a new wave of infrastructure-focused projects, and those that solve Bitcoin’s biggest flaw – its scalability – are likely to thrive the most. Bitcoin Hyper ($HYPER) is a Layer 2 rollup built on the Solana Virtual Machine (SVM), anchored directly to Bitcoin. This design gives it the speed, programmability, and flexibility of Solana, while still relying on Bitcoin’s battle-tested security. In short, it makes Bitcoin scalable, programmable, and DeFi-ready. With all the institutional capital flowing into $BTC via ETPs and RWA protocols, projects like Bitcoin Hyper are the obvious next step for Bitcoin: a fast, low-cost environment for dApps, staking, and yield generation built around BTC. The project has already raised over $7.4M in its presale, and is still available in one of its final early-stage price tiers, at $0.01255 per token. This makes it a rare entry point for investors eyeing the next breakout Bitcoin infrastructure narrative. If $BTC is the base layer for institutional crypto, Hyper is shaping up to be the engine for its next wave of innovation. Check out the Bitcoin Hyper presale today! The Calm Before the Next Crypto Surge Bitcoin’s low volatility might look like a lull, but it’s often the calm before the storm. As the market matures and BTC starts behaving more like TradFi assets, the smart money is already rotating into infrastructure projects that support long-term scalability. Bitcoin Hyper is one of the most compelling plays of this kind. It combines the security of Bitcoin with the speed and flexibility of the Solana VM. If you’re waiting for a signal to act, it’s already here; don’t wait for volatility to spike. The $HYPER presale could be your early entry into the next big wave. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making any financial decisions.

Since last Friday's Non-Farm Payrolls number, the Greenback has been getting obliterated, retreating from the 100.00 landmark in the DXY to touching high 97.00 levels. Markets are quickly moving towards a heavy pricing of FED cuts which is hurting the Dollar and supporting strongly Equities in their ongoing rebound. It will be essential to see how US indices open today but the trading has been green for other global indices, particularly the DAX up 1.70% on the session, and the Nasdaq (CFD and Futures) is about 200 points from its all-time highs. In the meantime, the US Dollar follows through with another beginning of NA session where it lags other majors and even bringing back USDCAD back into its past months' range, despite an also underperforming Loonie (which you can check out right here) Read More: NFP miss sends the USD tumbling — North American Mid-Week Market Update To continue yesterday's Mid-Week analysis, we'll review the Dollar Index in detail and a few pairs. Will the USD downfall continue? Dollar Index Multi-Timeframe AnalysisDollar Index Daily Chart US Dollar Index Daily Chart, August 7, 2025 – Source: TradingView The outlook for the US Dollar is neither bullish or bearish looking at the daily chart. The swift End-July rebound could have brought the greenback towards a more tenace Bull outlook but the strong NFP retracement corrected that thesis. This is another proof of how stong psychological levels (100.00 Level resistance) can be – despite them overshooting slightly on some occasions – and how influential data like Non-Farm Payrolls can be. The Daily RSI flattening at the middle line indicates higher probability of rangebound action for Major FX pairs as Markets await for more key data. The Dollar is trading right at its 50-Day MA so watch where Markets take the index from here. Dollar Index 4H Chart US Dollar Index 4H Chart, August 7, 2025 – Source: TradingView Looking closer, we see that the overnight selloff in the Dollar has found support at just below the 98.00 handle, just below its support zone (overnight lows: 97.45). The swift retreat downwards found supporting buyers at the 4H MA 200 which will be a key mark to follow for upcoming trading. After this morning's Bank of England Cut, markets may be realizing that the US Main rates are still high (currently 4.50%) which could lead to some consolidation in the Index int he waiting of further data. Levels to watch for the Index: Support Levels: 98.00 Pivot turned Support4H MA 200 97.60Last Main low Pivot 97.15Resistance Levels: 98.50 Intermediate Pivot ZoneResistance turned Pivot 99.20 to 99.40100.00 to 101.00 Main ResistanceDollar Index intraday – 30m Chart US Dollar Index 30m Chart, August 7, 2025 – Source: TradingView For immediate Bull/Bear strength analysis, watch the overnight lows (97.95) and the current swing highs (98.30) – If markets close above on strong candles, expect continuation. If the DXY gets choppy from here, look at individual pairs which may offer decent rangebound setups. 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.