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The yen continues to lose ground against the US dollar. In the North American session, USD/JPY is trading at 150.51, up 0.69% on the day. This is the first time that the yen has weakened past 150 since March 31. The US dollar has strengthened this week against the majors and is up about 2% against the yen. BoJ holds rates, raises inflation forecastThe Bank of Japan maintained its policy settings at today's rate meeting. The vote to hold rates at 0.5% which was unanimous, was widely expected. The central bank revised its inflation forecast and provided a less pessimistic outlook on Japan's economy than in the previous growth forecast in April. The BoJ revised its core CPI forecast to 2.7% from 2.2% in April. The upward revision in the inflation forecast has raised expectations of a resumption in interest rate hikes before the end of the year. In his follow-up press conference, Governor Ueda said that "underlying inflation still remains short of our 2% target, but is expected to rise moderately". Ueda added that the US-Japan trade deal reduced uncertainty and increased the likelihood that inflation would sustainably hit the 2% target. Still, Ueda sounded cautious, saying that uncertainty remains despite the progress of the trade deal. Fed stays on the sidelines The Federal Reserve maintained rates at the Wednesday rate meeting, as expected. The Fed continued its wait-and-see stance as it held rates for a fifth straight meeting. In his press conference, Fed Chair Powell said that the effects of tariffs on inflation "remain to be seen". Powell poured cold water on hopes that a September cut is coming, stating "we have made no decisions about September". USD/JPY Technical USD/JPY has pushed above resistance at 150.12. The next resistance lines are 150.69 and 151.85148.96 and 148.39 are the next support levels USDJPY 1-Day Chart, July 31, 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.

Silver ranks amongst one of the top-performing commodities on the market, with renewed investor interest and strong fundamentals driving prices up to their highest in 14 years. Despite having recorded impressive gains of 28% this year and 21% the year prior, some analysts predict that the rally is only getting started, and the precious metal remains an attractive investment opportunity. Citigroup recently upgraded its near-term silver price forecast to beyond $40 an ounce, citing a tightening supply and strengthening demand. Sprott, in its mid-year outlook for silver, highlighted the years-long structural deficit and intensifying industrial demand as major factors to propel prices even higher. Continued deficit The firm, citing data from The Silver Institute and Metals Focus, says that 2025 will likely be the seventh consecutive year of global silver market deficit, which would maintain an upward pressure on prices. Meanwhile, demand, especially from the energy sectors, is not slowing down. The metal is crucial to the technology needed to meet rising global electricity demand, including solar power, electric vehicles and electronics. Solar demand alone accounted for 17% of last year’s total, a threefold increase over the 5.6% from a decade ago. Silver demand continues to outpace supply growth (2016-2025). Credit: Sprott Exacerbating the problem is a shrinking mine supply. Industry data shows that global mine supply has declined by 7% since 2016, contributing to the prolonged structural deficit. It is estimated that the cumulative shortfall during 2021-2025 is almost 800 million oz., Sprott said. A wild card for the silver market balance, according to Sprott, is a robust investment demand. The rise of silver exchange-traded products (ETPs) continues to impact silver demand significantly, as many silver ETPs are backed by actual silver stored in vaults, rendering it unavailable for industrial users, it noted. In the first half of 2025, global silver-backed ETPs experienced significant net inflows, reaching 95 million oz. According to the Silver Institute, since 2019, more than 1.1 billion oz. (market balance plus ETPs) have been drawn from “available mobile inventory.” Favoured to gold The Sprott report also emphasized silver’s rising prominence as a “safe haven” like gold during periods of high geopolitical tensions. However, in comparison to the yellow metal, silver presents a much more affordable, and potentially higher-growth, option to investors, it says. According to Sprott analyst Maria Smirnova, silver remains “undervalued” relative to gold. “On average, gold has historically been priced at 67x the price of silver. With the current ratio at 91, silver is selling at a strong discount to gold,” she said, adding that silver is mined at only 7:1 compared to gold. Silver may be undervalued compared to gold (1980-2025). Credit: Sprott Moreover, Smirnova points out that silver is primarily influenced by retail investment demand, while gold is controlled by central banks and sovereign entities. “The available inventory of freely traded silver has been heavily diminished, making the metal more sensitive to incremental buying. Small increases in demand could now lead to disproportionately large increases in price,” she wrote. “With less silver available for open-market trading, investor positioning has become a more decisive force in price movements.” The current situation, she posits, may be setting the stage for a possible “silver squeeze”. In past precious metals bull markets, silver’s rally has been about 2x as large as gold, on average, Sprott’s report said.

The Dogecoin price is currently down more than 70% from its all-time high of approximately $0.74. However, a crypto analyst has predicted that the likelihood of this top meme coin reaching a new ATH is exceptionally high. Based on recurring historical patterns and strong technical signals, the analysis suggests that Dogecoin is getting ready for a critical breakout that could open the doors to a powerful rally. Dogecoin Price To Record New ATH Soon According to a fresh analysis by crypto expert Javon Marks, the probability of Dogecoin setting new all-time highs in this cycle is “extremely high.” Marks’ outlines a compelling case by comparing Dogecoin’s current market structure with its historical price movements from 2014 to date, which appear to follow a repetitive pattern of consolidation followed by explosive upside. In his chart analysis shared on the X social media on July 30, the analyst shows that DOGE has historically moved through phases of compression within wedge-like formations, followed by major breakouts to new all-time highs. During the 2016-2017 bull market, the cryptocurrency hit an ATH of $0.01877 after undergoing a long compression. A similar pattern unfolded in the 2021 bull rally, when the meme coin’s price surged to a fresh ATH of $0.739 after an extended period of tightening consolidation. Currently, the chart structure is showing a striking resemblance to these past setups, with DOGE’s price coiling tightly near a potential breakout point. With this in mind, the analyst predicts that the meme coin is on the verge of a massive price rally exceeding 226%, setting the stage for a possible break-through of the $0.739 ATH if momentum continues to build. Based on the expert’s chart analysis, historical fractals further indicate the possibility of Dogecoin surpassing the $1 mark to reach $1.42 or even $2.11. A surge to both targets would represent a significant gain of approximately 545% and over 830% respectively, from the current trading price of around $0.22. Dogecoin Pullback Predicted Ahead Of Next Target Crypto analyst Bitguru revealed in an X post that Dogecoin is showing signs of a pullback that could soon transition into a breakout. The expert’s analysis shows DOGE recovering from the $0.2138 support zone that held firm following a recent decline from its local high of $0.2866. Bitguru noted that Dogecoin’s decline was a healthy one, as it retraced back to test the previous breakout area. This pullback phase is showing signs of exhaustion, with the meme coin’s price now consolidating around $0.22. Notably, the analyst’s chart is reflecting a potential double-bottom structure, hinting at the possible formation of a bullish reversal pattern. Building on this setup, Bitguru forecasts a potential 28.83% upside for Dogecoin, with price targets in the $0.24 to $0.25 range in the short term. If bullish momentum persists, the chart’s projected trajectory points to an extended move near the $0.28 level.

B2Gold (TSX: BTO; NYSE-A: BTG) said it began underground production at its flagship Fekola mine in Mali immediately after receiving approval from the government. The stock rose. The approval, which took effect Wednesday, follows a week of negotiations in Mali’s capital, Bamako, between B2Gold executives and key Malian officials including Prime Minister Abdoulaye Maiga. B2Gold and Mali both remain committed to an agreement signed in September related to the ongoing operation and governance of the Fekola complex, according to a statement issued late Wednesday. Underground development work at the mine – including the installation of all required infrastructure – started more than a year ago in anticipation of the government approval. Stope ore production at Fekola underground began as soon as the green light was given, B2Gold said. “B2Gold didn’t waste any time getting mining started,” National Bank Financial mining analyst Don DeMarco said Thursday in a note. Shares of the company rose 0.9% to $4.65 Thursday morning in Toronto. That gave B2Gold a market capitalization of about $6.2 billion. B2Gold’s success in reaching an agreement with Mali contrasts with the standoff pitting Barrick Mining (TSX: ABX; NYSE: B) against the country’s military-led government. Barrick and Mali have been mired in a dispute over taxes, gold export rights and ownership of the Loulo-Gounkoto gold mine for months. Mali’s decision, which comes about one month later than B2Gold’s initial expectations, will help boost output at Fekola’s already-completed 9-million-tonne-a-year processing plant. Open-pit production at Fekola – which B2Gold acquired in 2014 – began in 2017 and an expansion followed two years later. Fekola’s open-pit operation produced 93,805 oz. of gold in the first quarter of 2025, accounting for just under half of the company’s global output. Executives are projecting higher totals this year as underground mining kicks in. Production at the complex, which includes the Fekola and Cardinal open pits and the underground mine, should hit 515,000-550,000 oz. in 2025, B2Gold said Wednesday, reiterating an earlier forecast. Fekola underground will contribute about 25,000-35,000 oz. of the total, the company added. All-in sustaining costs at the complex are expected to range from $1,550-$1,610 per oz. this year. Underground mining “could help support production and cash flow in 2026 by pushing back or spreading out the significant waste stripping planned for the Fekola open pit to access the high-grade ore,” Scotia Capital mining analyst Ovais Habib said in a note. Vancouver-based B2Gold owns 80% of the Fekola mine, while the Malian government has a 20% stake. Mali also owns 35% of Fekola Regional, a different B2Gold project that’s located about 20 km from the Fekola mine. B2Gold said it expects to receive exploitation permits for Fekola Regional by the end of the third quarter. Gold production would begin in late 2025. Once operational, Fekola Regional is projected to contribute about 180,000 oz. annually between 2026 and 2029 and support an extension of the mine life into the 2030s.

Good news for TRX investors as TRON Inc. has filed a $1 billion shelf offering with the U.S. SEC, aiming to acquire up to 3.1 billion TRX tokens. This initiative marks an 849% jump from the firm’s last major token purchase of 365 million TRX in June 2025, which coincided with the start of a bullish TRX rally. Currently, TRX trades at $0.33, showing price resilience despite a 2.94% dip over the last 24 hours. Market watchers are eyeing the $0.35 and $0.40 resistance levels, with the all-time high sitting at $0.44. The shelf offering enables TRON Inc. to gradually accumulate tokens, reducing the risk of market disruption while maintaining steady upward pressure on the price. Institutional Confidence and TRON Whale Activity Soar TRON’s strategic growth has been boosted by a 526% surge in whale transactions, coupled with record-high unrealized profits on the network. Following its successful Nasdaq listing via a $100 million reverse merger with SRM Entertainment, TRON Inc. is increasingly attracting institutional capital. This mirrors corporate strategies like MicroStrategy’s Bitcoin reserves, signaling a potential paradigm shift in blockchain finance. Technical indicators remain bullish. TRX sits above key moving averages, with momentum metrics such as MACD and RSI supporting continued price strength. Analysts suggest a breakout above $0.35 could set the stage for a rally toward $0.43. Stablecoin Dominance and Ecosystem Expansion TRON now hosts over $80.8 billion in USDT, surpassing Ethereum in Tether supply and processing over $20 billion in USDT daily. The network’s low-cost infrastructure has made it a preferred choice for stablecoin transactions, bolstering its position in cross-border payments. Despite regulatory scrutiny and governance questions, TRON continues to expand its DeFi and dApp ecosystems. With $1 billion in planned token purchases and institutional backing growing, TRX could be poised for a significant upward trajectory. Cover image from ChatGPT, TRXUSD chart from Tradingview

Federal Reserve Chair Jerome Powell chose to keep interest rates steady, but his remarks on escalating inflation risks from tariffs unsettled crypto markets. Traders on leverage platforms experienced a surge in liquidations as sentiment shifted to risk-averse. $200M in Leveraged Liquidations In less than 60 minutes, over $200M in leveraged crypto positions were forcibly unwound. Bitcoin dropped below $116K, with Ethereum falling about 3%, before both partially recovered. Bitcoin quickly recovered – it is currently back above $118K, though it still logged a daily loss of about 0.8%. Ethereum stabilized around $3,750, finishing down approximately 0.6%. Currently, Bitcoin has returned to its starting point, up 0.7%, while Ethereum is up 2%. Powell’s ‘wait-and-see’ approach: The Fed’s next meeting isn’t until September, giving the board of governors two months to analyze and interpret economic data. Powell appears eager to do this. Early odds for a Fed rate cut are at 39%, according to CME Fedwatch. Overall market strength: Minus a rate hike—virtually impossible—the worst-case scenario was simply the continuation of the current situation. That situation looks pretty good—Bitcoin trading is below but within range of its recent all-time high, the total crypto market cap is rising to nearly $4 trillion, and major tokens like $ETH are surging. Altcoins Bore Brunt of Fed-Prompted Dip Altcoins experienced larger swings: $SOL, $AVAX, and $HYPE each declined by 4–5% before bouncing back; meme tokens $BONK and $PENGU dropped around 10%, then later recovered. In contrast, Meta (META) and Microsoft (MSFT) announced strong earnings after hours – stocks rising 10% and 6% respectively – bringing a stabilising tone. Matt Mena, from 21Shares, argues that the Fed’s reaction may lag. With consumer spending weakening, unemployment rising, and real yields still restrictive, continued rate tightness could risk a deeper slowdown. At the same time, if the Fed raises rates in September, there’s still time for a response. And on the Bitcoin front, Matt predicts that – rate cut or not – Bitcoin could soon enter another price discovery phase and move back past $120K. Analysts believe Bitcoin could rally toward $150K if the Fed pivots by year-end. That assumes inflation continues cooling and macroeconomic pressure accelerates policymaker shifts. And it would certainly set up the best altcoins for a renewed surge. Bitcoin Hyper ($HYPER) – Building a Faster, Stronger Bitcoin Layer 2 Bitcoin Hyper ($HYPER) knows what it’s about – taking everything that makes Bitcoin the world’s best-performing asset, and making it even better. That means delivering a lightning-fast Bitcoin Layer 2 solution through the Solana Virtual Machine (SVM). Bitcoin Hyper leverages the SVM to deliver near-instantaneous transaction finality, low transaction costs, and easy $BTC transfers between Layer 1 and Layer 2 solutions. Bitcoin Hyper expands Bitcoin’s utility to include native staking, DeFi, zero-knowledge proofs, and more. It’s part of applying the original cryptocurrency’s market influence to the growing world of dApps and advanced blockchain protocols. The presale is already generating hype – the project raised $6.1M in mere weeks. The token price is $0.012475, as people ask – just what is Bitcoin Hyper? Learn how to buy $HYPER and see why we think the token could reach $0.08625 by the end of 2026. Visit the Bitcoin Hyper presale page today. Maxi Doge ($MAXI) – Big Gainz for Big Doges It takes big doges to make significant gains, and Maxi Doge ($MAXI) to make the biggest gains possible. $MAXI takes everything to the highest level possible. That means presale staking at 1683% dynamic APY, and a full 25% of the tokenomics reserved for leverage for $MAXI projects. The vibe with this doge is all about pushing the limits of what a meme coin community can achieve. This ERC-20 token could deliver huge gains to early investors with the right momentum. Tokens currently cost $0.00025 – and in under 48 hours, $MAXI has already raised $141K. Visit the Maxi Doge presale page today. Toncoin ($TON) – The Open Network for a Unified Blockchain Future TON – The Open Network – and the Toncoin ($TON) aren’t interested in adding another option to the ever-growing world of blockchains and tokens. Instead, they’re working hard to deliver the first actual Web3 experience by building ordinary and extraordinary blockchain tools on an existing Web2 platform. That means a crypto wallet, dApp integrations (everything from dating apps to bridges), and crypto payments with $TON – all native on Telegram. And with over 900M users on the Telegram platform, that’s an excellent way for TON to get ordinary people to see just how influential crypto can be. $TON itself is up nearly 6% in the past day, riding a wave of interest in a TON blockchain projected to reach 2.6M daily users in 2025. As Altcoins Surge, Powell’s Reluctance Could Be Short-Lived Powell’s messaging revealed the delicate balance between keeping inflation in check and supporting a trending slowdown. While short-term volatility spiked, markets digested the news – altcoins rebounded, and analyst narratives tilted toward optimism should the Fed shift its tone. Down for a bit, but hardly out at all. The outlook remains bullish for Bitcoin and altcoins alike. As always, please remember to do your research before investing; this isn’t financial advice.

Dogecoin is showing signs of recovery, trading around $0.22 with a 31% gain over the past month. As it approaches a key trendline resistance, speculations are whether momentum can carry DOGE higher or if fading strength will lead to another pullback. Signs Of A Bottom: DOGE Prepares For Potential Uptrend Continuation Giving a key update on the DOGE daily chart, Master Kenobi pointed out early signs that Dogecoin may have established a bottom, potentially setting the stage for a continuation of its upward trend. Recent price action suggests that bullish momentum is building; however, follow-through is now crucial for confirmation. For this bullish continuation to take hold, Kenobi emphasized that DOGE must make a decisive move above the yellow trendline within the next 1–3 days. Such a move would be essential to push the Relative Strength Index (RSI) back above its moving average, a signal that could help reignite bullish sentiment and strengthen the ongoing uptrend. However, if Dogecoin fails to break above the yellow trendline within that short window, the risk of a pullback increases. Kenobi warned that in such a scenario, the price may slide back toward the red trendline, which marks the base of the ascending channel and could be retested by early September. This technical setup places Dogecoin at a crucial juncture, with the coming days likely to determine its short-term trajectory. A successful breakout would validate the bottom and support a continuation of the rally, while a failed breakout may cause DOGE to retrace lower before attempting another leg up. Dogecoin Holds Steady At $0.22 After 31% Monthly Gain In a post on X, cexscan provided an update on Dogecoin’s current market performance, noting that the meme coin is trading around $0.22 and showing a modest upward trend in recent days. This recovery has sparked renewed interest among traders, particularly as short-term momentum appears to be gaining strength. Over the past 30 days, Dogecoin has recorded a solid gain of 31.84%, reflecting a notable rebound from previous lows. However, the broader picture remains mixed, as year-to-date performance is still down by 31.04%, highlighting the lingering impact of earlier sell-offs. Cexscan also observed that trading volume has been moderate overall, but a recent spike indicates growing market engagement. This increase in volume could support further price movement if sustained, especially if buyers continue to step in during key moments. Despite these positive signs, Cexscan urged caution, pointing out that some downward pressure still lingers in the market. While indicators suggest the potential for continued gains, Dogecoin will need to maintain momentum and avoid sharp pullbacks to confirm a lasting trend reversal.

Most Read: Amazon (AMZN) Earnings: Growth Drivers, AI Investments, and Market Outlook Silver prices have fallen around 4.5% over the last two trading days as a resurgent US Dollar and weaker haven flows weigh on prices. The US Dollar remains strong, and rising US bond yields are limiting any chance of recovery for now. The Dollar’s strength is driven by hawkish comments from Fed Chair Jerome Powell, along with strong US GDP and job data. These factors support the Federal Reserve’s cautious stance on monetary policy and reduce expectations for rate cuts in the near future. Now Silver's extended rally this year was down to a combination of factors. Those include safe haven demand, a weak US Dollar and supply demand discrepancies. Now if haven demand remains low and the US Dollar rally continues, how deep could the pullback in silver prices be? For the record, the discrepancy between supply and demand remains in play and is highly unlikely to change anytime soon. With that in mind and only one of the three main causes of the silver rally still present, what could the potential downside for silver be? Technical Analysis - Silver (XAG/USD) From a technical standpoint, Silver has peaked at 39.52 before falling. A brief attempt at a recovery on Monday and Tuesday has faded away thanks to Fed Chair Powell's comments yesterday. A daily candle closed yesterday below the ascending trendline with further losses today. The RSI period-14 on the daily chart has crossed below the 50 neutral level but remains some way off oversold conditions. This means that further downside toward the 100-day MA at 34.60 could materialize. Silver (XAG/USD) Daily Chart, July 31, 2025 Source: TradingView.com (click to enlarge) Dropping down to the four-hour chart and the picture changes slightly. The period-14 RSI is deep in oversold territory with a potential short-term pullback a real possibility. Looking toward the upside, resistance is provided by the 200-day MA at 37.24 and the 100-day MA at 38.09. A four-hour candle close above the 38.22 handle would invalidate a potential bearish setup in the near-term. Silver (XAG/USD) Four-Hour Chart, July 31, 2025 Source: TradingView.com (click to enlarge) Support 36.2035.2634.60 (100-day MA)Resistance 37.2438.0938.68Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

APAC currencies have struggled over the past month, with NZD among the laggards amid a strong US Dollar comeback. The FOMC kept rates unchanged at its latest meeting yesterday, and FX Markets are now preparing for the upcoming RBNZ decision, slated for August 14. NZDUSD has been relatively rangebound within a 2-handle zone since May, following a sharp April down-move sparked by volatility around Trump's infamous Liberation Day. Before attacking the multi-timeframe technical analysis of NZDUSD, here is a small reminder that this morning, the reports for the Core PCE—which came slightly above expectations (2.8% y/y vs 2.7% estimate)—and an as-expected Canadian GDP (-0.1% m/m) also got released, both of which helped anchor further USD flows. For the Kiwi, tonight’s NZ Consumer Confidence and Building Permits data will provide insight into local momentum heading into August's policy window. Read More: US Dollar back on top — North American Mid-Week Market UpdateNZDUSD Multi-timeframe technical analysisNZDUSD Daily Chart NZDUSD Daily Chart, July 31, 2025 – Source: TradingView Bears have taken control of the Kiwi throughout July sending the pair down around 3.50% from its 2025 Highs as the month concludes – NZDUSD has also recently broken out of a Monthly upwards Channel (light blue) The Daily picture is not showing many signs of reversals after forming a strong bearish inverted hammer. The pair is now entering the Main 0.59 Support Zone, surely prompting reactions as Month-end flows commence – Daily RSI is flattening just above the oversold level. Looking closer will allow us to spot if more balanced price action is into play here. NZDUSD 4H Chart NZDUSD 4H Chart, July 31, 2025 – Source: TradingView The downwards correction had taken a small break in the beginning of last week but got met with another sharp response which marked some lower highs (0.60580) right below the Monthly Channel. One element that would give back some balance for NZD buyers would be the reactions at the highs of the July Hourly steep downwards channel that also got broken, within the 0.59 Support Zone. Failure to rebound from here would maintain seller strength – Looking at the Dollar Index would be very beneficial also to spot reactions as the Index arrives at the 100.00 level. NZDUSD 1H Chart NZDUSD 1H Chart, July 31, 2025 – Source: TradingView Looking even closer, we spot reactions to the Support Zone that is currently being tested at a break-retest of the Hourly downwards channel, last line of defense for the Monthly range. Buyers are stepping in, attempting to form a hourly double bottom at the 0.5890 level. Momentum is coming back slightly from oversold levels, therefore reactions here are key. A 4H Candle closing below the daily lows would cancel the double bottom formation, but in the meantime, the action looks more balance in shorter timeframes 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.

Ethereum is once again approaching critical levels after a stretch of volatile yet bullish price action. Following a sharp rebound from yesterday’s low of around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as traders eye a decisive move. While short-term volatility remains, the overall structure favors continuation—provided ETH can break cleanly above the $4,000 resistance level. This threshold now stands as the key barrier between consolidation and a potential rally toward new highs. A confirmed breakout would likely ignite fresh bullish momentum across the broader altcoin market. Until then, price remains trapped in a narrowing range, testing both trader patience and liquidity depth. Meanwhile, on-chain data supports the bullish case. According to blockchain analytics platform Arkham, whales have ramped up their accumulation, with large addresses steadily adding to their ETH holdings in recent days. This ongoing accumulation trend reflects growing conviction among high-cap players and adds weight to the possibility of further upside in the months ahead. Whale Receives Ethereum From Galaxy OTC As Institutions Double Down Ethereum’s bullish narrative gained further momentum this week after Arkham disclosed a massive on-chain transaction involving a major institutional player. A fresh wallet address—0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3—just received $153 million worth of ETH, purchased directly through Galaxy Digital’s over-the-counter (OTC) desk. The scale and nature of this transaction suggest growing institutional conviction in Ethereum’s long-term potential. This isn’t just another whale move. The fact that the ETH was funneled into a new wallet from a regulated OTC provider underscores the strategic accumulation taking place behind the scenes. As traditional finance increasingly integrates with crypto, Ethereum’s utility, programmability, and future role in tokenized finance are making it a high-conviction play among institutional allocators. This heavy buy comes after a prolonged period of weakness. Earlier this year, ETH suffered persistent selling pressure, with price action sliding lower for months. Retail interest faded, and sentiment turned bearish. But while the public panicked, sophisticated players appear to have taken the other side of the trade—accumulating quietly during the downturn. ETH Consolidates Below Resistance Ethereum (ETH) continues to trade in a tight range just below the key resistance level of $3,860.80, as shown in the 4-hour chart. Despite recent price volatility, ETH has remained above its 50- and 100-period moving averages, currently near $3,756 and $3,629, respectively. This suggests that bullish momentum is still intact in the short term. Volume has picked up slightly, indicating rising interest from traders as ETH tests this critical horizontal resistance. The price has failed to close decisively above this level multiple times since July 25, highlighting its significance. However, the consistent higher lows forming over the past week point to building buying pressure beneath the surface. A confirmed breakout above $3,860.80 could open the door for a push toward the psychological $4,000 level and beyond. Conversely, failure to break resistance may lead to another retest of the 100-period moving average or even the $3,700 support zone. Featured image from Dall-E, chart from TradingView

Robinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents. Robinhood has reported total revenue of $989 million, a staggering 45% year-on-year rise and a 7% sequential rise from Q1. On 30 July 2025, Robinhood released “strong business results in Q2 driven by relentless product velocity.” The company recently launched tokenization. Robinhood CFO Jason Warnick said, “Q2 was another great quarter as we drove market share gains, closed (the $200) million acquisition of Bitstamp and remained disciplined on expenses.” Crypto revenues almost doubled, reching $160 million – a 98% rise YoY. And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories,” Warnick added. The company reported 42 cents, doubling last year’s figure and beating Wall Street’s expectations of 31 cents. Kraken is planning to raise $500 million at $15 billion valuation ahead of potential 2026 initial public offering (IPO). Moreover, Kraken reported $411.6 million – an 18% YoY increase. The company’s adjusted EBITDA, however, is down 7% YoY to $79.7 million. The company said, “in Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled.” The company’s platform assets surged 47% YoY to a new high if $43.2 billion. Kraken’s funded accounts increased 37%, reaching 4.4 million active users. ​Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025​ Key Takeaways Robinhood’s crypto revenues almost doubled, reaching $160 million—a 98% rise YoY. However, this narrowly missed expectations, as analysts had projected $169 million Kraken’s adjusted earnings dipped amid softer Q2 trading activity industry-wide—a seasonally slow quarter compounded by macroeconomic headwinds including US tariff impacts and volatility. Still, Kraken’s strong top-line growth, rising trading volumes, and asset inflows highlight solid platform engagement and retention. The post Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb appeared first on 99Bitcoins.

Crypto analyst Dark Defender has provided an update on his XRP price wave structure. He revealed that the altcoin is now in wave 4 and highlighted the targets and support levels that market participants should watch out for at the altcoin’s current price level. Wave 4 For The XRP Price In Progress In an X post, Dark Defender stated that wave 4 is in progress for the XRP price. He added that the Relative Strength Index (RSI) also reflects the 4th wave consolidation. The analyst had also stated that the altcoin has completed Waves 1, 2, and 3. His accompanying chart showed that the altcoin could again retest the $3 support level as part of a corrective move to the downside. A successful hold above this support level, $3.07 specifically, is expected to trigger the next impulsive move to the upside for the XRP price. Dark Defender predicts that the altcoin could rally to as high as $5.8563 on this Wave 5 impulsive move. He added that the targets are $3.61, the current all-time high (ATH), and then $5.85, which would mark a new ATH for XRP. Crypto analyst Javon Marks had also recently predicted that the XRP price could soon rally to a new ATH. He noted that the altcoin is holding well, far above the $2.47 support level, meaning that the next target is $4.804. The analyst added that a break above this $4.804 level could spark another rally to $7.138. A rally to $7.138 will represent a surge of 128.78% from the current XRP price level. It is worth noting that the altcoin is already up over 35% year-to-date (YTD), rising to the third largest crypto by market cap in the process. All Eyes On XRP’s Monthly Close In an X post, crypto analyst Egrag Crypto remarked that the focus is on the XRP price staying above $3.03 for the monthly close. He noted that a close above this level would mark the first-ever historical candle close above this level in XRP’s journey. As such, he declared that market participants could soon witness history in the making. If the XRP price achieves the monthly close above $3.03, Egrag Crypto stated that a rally to the Chasm at $8.9 is the minimum target for the altcoin in this market cycle. He also suggested that XRP could surpass this target and declared that this is where the “real fun” starts. His accompanying chart showed that a rally to as high as $32 was also on the cards. At the time of writing, the XRP price is trading at around $3.14, up in the last 24 hours, according to data from CoinMarketCap.

When GM-backed lithium technology startup EnergyX bought another 35,000 acres in the Smackover, an underground geological formation stretching from Florida to Texas filled with lithium-rich brine, in a $26 million cash and shares deal this month, it upped the company’s stake to 47,500 acres. Analysts estimate the Smackover could contain more than 4 million metric tons of lithium, enough to power millions of electric vehicles and other electronic devices. EnergyX’s latest acquisition places it among heavyweights in the region. Its holdings are surrounded by 125,000 net acres controlled by Chevron and 120,000 gross acres held by Exxon. The privately-held company has been on a growth tear. Its recent moves include securing a Chilean lithium resource comprising 90,000 acres of mining concessions in 2023, and in 2024 acquiring a 40,000-square-foot production facility in Austin, Texas. The acquisitions are also pivotal for the firm, which grabbed headlines in 2022 for being disqualified from a race to mine Bolivian lithium, along with Argentine energy firm Tecpetrol, on a technicality. Bolivia has tried to tap its vast resources in partnership with foreign companies. The Latin American country has the world’s largest lithium resources, but it has struggled for decades to mine them commercially. This week, Bolivia ranked last on mining jurisdiction policies in the Fraser Institute’s latest Annual Survey. Looking back, EnergyX founder and CEO Teague Egan sees the silver lining. “It was the best thing that could have happened to us. We wouldn’t be where we are now if we hadn’t experienced Bolivia,” Egan told MINING.com in an interview. Ever since, the company has been laser focused on advancing its two projects, Lonestar Lithium in the US and Black Giant in Chile. Black Giant is estimated to produce 40,000 tonnes of lithium per year, while its planned project Lonestar Lithium is projected at 25,000 tonnes. Both leverage the company’s direct lithium extraction (DLE) technology platform, LITAS. EnergyX owns an exclusive, worldwide license to commercialize a process that uses an advanced nanomaterial filtering membrane. “LITAS was the original ideation of the company, since 2018. But we just started acquiring assets in 2023,” Egan said. “We spent the first five years developing the technology. Not that that stopped – there’s always ongoing R&D,” Egan said. Egan said the company is still looking for more land acquisitions in the Smackover, as well other areas of the United States. “There’s a lot of competition in the Smack Over. But we think that there’s equally good assets that we have our eye on in a few other parts of the United States.” Domestic supply chain strategy Egan said key to the strategy to supply lithium to the North American market not exposing the company to risk, such as dependency on China for processing. “It’s a vertically integrated strategy. We’ve been able to accomplish being the lowest cost producer, which is the most critical thing,” Egan said. ” We’re producing kilograms every day that we’ve actually shipped out and got qualified by cathode makers on our pilot scale. We’re shipping samples from our pilot plants that are hitting spec and getting qualified..now we’re building two demonstration plants.” While DLE has yet to be proven commercially at scale, Egan is confident in his company’s heavily patented technology. “We’ve proved that this process works. Now it’s just about having all the pieces in place to go build a billion-dollar plant,” Egan said. “It’s not a question anymore of if technologies work. It’s a question of who is going to be the lowest cost producer or ensuring that you’re in the bottom quartile, the lowest 25% of cost.” EnergyX’s strategy includes owning its resources, technology, and then producing the consumables and supply chain in-house. “The fact that we now own our own resources, developed our own technology, but also produce our own materials, like the adsorbents, membranes, has led to us being the lowest cost producer,” Egan said. “For our Chile project, Black Giant, our target for our first train of 7,500 tons is 2027. We’re starting with one train of 7,500 tons, and then we’re adding six more trains. So, an additional 45,000 tons to hit a total capacity of 52,500 tons by the end of 2029. And then for the U.S., similar, but one year after,” he said. “As the price fluctuates we can still be profitable because we’re the lowest cost producer. That’s our goal.” Egan joined MINING.com host Devan Murugan to discuss wider lithium market dynamics, and why commercial production—not speculation—is his priority. Watch the full interview:

Most Read: USD/CAD Breakout Gathers Pace After Bank of Canada Rate Hold A forward-looking analysis of Amazon's (AMZN) Q2 2025 earnings, scheduled for release on July 31, 2025, at 2:00 PM PT/5:00 PM ET. Amazon is expected to show growth in revenue and earnings, thanks to its profitable Amazon Web Services (AWS) and advertising businesses. However, big spending on AI infrastructure and new tariffs affecting its e-commerce and third-party sellers bring both opportunities and challenges. The company’s focus on cutting costs and improving customer experience, especially through its Prime program, will be key to managing a tough economic climate. Source: Created by Zain Vawda, Google Gemini What to Expect? Amazon’s Q1 2025 results showed strong growth and profitability. Net sales rose 9% year-over-year to $155.7 billion, slightly beating estimates. AWS led the way with a 17% sales increase to $29.3 billion, while North America and International segments grew 8% and 5%, respectively. Operating income surged 20% to $18.4 billion, exceeding expectations by 20.2%, thanks to cost-cutting efforts like regionalization and same-day facilities. Net income jumped to $17.1 billion ($1.59 per share), up from $10.4 billion ($0.98 per share) in Q1 2024, beating the $1.37 forecast. These results highlight Amazon’s focus on efficiency and profitability, setting a strong foundation for Q2 expectations. With that being said, analysts and Amazon expect growth in Q2 2025, but with some caution due to economic uncertainties. Analyst Estimates: EPS: Expected at $1.33, up 8.13% from $1.23 in Q2 2024. Amazon has beaten EPS estimates for the last four quarters. Revenue: Forecasted at $162.28 billion, a 9.67% increase from $147.98 billion last year. Operating Income: Predicted at $16.7 billion, up 13.8%, with an improved margin of 10.6% (from 9.9%). Amazon’s Guidance: Net Sales: Estimated between $159.0 billion and $164.0 billion, growing 7%-11%, with a small impact from currency changes. Operating Income: Projected between $13.0 billion and $17.5 billion, reflecting uncertainty. The wide range for operating income shows Amazon’s cautious approach, considering economic challenges, tariffs, and high spending on AI. Investors will focus on how results compare to the midpoint of this guidance to understand Amazon’s outlook. Key Areas to Focus On - AWS, E-commerce, and Challenges Amazon’s AWS remains its top profit driver, with Q1 2025 revenue up 17% to $29.3 billion. However, its cloud market share dipped to 29% (from 31% in 2024). AWS’s operating margin is expected to drop to 35% in Q2 due to heavy AI investments, part of Amazon’s $100+ billion 2025 capital expenditure plan. AWS is expanding AI services, including new chips and partnerships with Nvidia, to capture the growing AI market. Source: Created by Zain Vawda, Google Gemini In e-commerce, Amazon’s Prime Day 2025 saw strong overall spending, but average order values slightly declined. Prime membership grew 9% year-over-year, reaching 220 million globally, with members driving consistent revenue. Advertising revenue also rose 18% in Q1, highlighting Amazon’s ability to monetize its platform. Source: Created by Zain Vawda, Google Gemini Operational efficiency improved, with reduced fulfillment costs and faster delivery speeds boosting profitability. However, new U.S. tariffs are raising costs for sellers, especially those importing from China, leading to higher prices and supply chain disruptions. These tariffs could impact Amazon’s marketplace growth and seller participation. Macroeconomic pressures, including slower consumer spending and a cooling labor market, add to challenges. Amazon’s cautious Q2 guidance reflects these headwinds, but its focus on efficiency, AI, and customer loyalty positions it to navigate these hurdles while driving long-term growth. Forward Outlook Amazon’s future focuses on big investments in AI and operational efficiency. In 2025, it plans to spend over $100 billion, mainly on AWS and AI services, to stay ahead in cloud computing. By developing its own chips like Trainium2 and partnering with Nvidia, Amazon aims to offer better, cost-effective AI solutions, attracting more enterprise customers. While this may lower short-term margins, it secures long-term growth. Source: Created by Zain Vawda, Google Gemini Amazon is also improving logistics with drone delivery and same-day facilities, cutting costs and boosting delivery speed. These efforts enhance customer satisfaction and keep Amazon competitive in e-commerce despite rising tariffs and competition. CEO Andy Jassy sees AWS as a future multi-billion-dollar business, with AI driving growth. New products like Alexa+ and personalized services aim to improve customer loyalty and sales. Analysts remain optimistic driven by AWS, advertising growth, and AI’s long-term potential. Source: Created by Zain Vawda, Google Gemini Technical Analysis From a technical standpoint, Amazon are not far off the YTD highs posted in February. There is a trendline that may come into play but for now earnings could be the shot in the arm needed for a retest of the YTD highs. Looking at the period-14 RSI, it is also hovering in no mans land between overbought territory and the neutral 50 level. Immediate support rests at 223.82 before the 207.31 and 200.00 handles come into focus. Immediate resistance may be found at the recent swing around the 236.00 handle before the 242.52 YTD high comes into focus. Amazon Daily Chart, July 31, 2025 Source: TradingView Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. 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A closely watched technical analyst says the outlook for altcoins will remain precarious until Bitcoin breaks through a well-defined ceiling between $120,000 and $123,000, arguing that the weekly chart still commands caution while momentum lags. Why Altcoins Are Still In The Danger Zone Kevin (@Kev_Capital_TA) framed the current setup bluntly: “This weekly BTC chart remains the most important chart out there for us to examine. While below the 120–123K zone and the weekly downtrending resistance on the weekly RSI I have to remain cautious.” He added that he would be “the most bullish person on the timeline” once those levels are cleared, but “until then we treat it for what it is and that is major resistance.” Kevin’s read ties the altcoin path directly to Bitcoin’s ability to punch higher. In a follow-up post, he warned that sentiment had flipped at precisely the wrong places: “Most of the #Crypto timeline got max bullish at 4 year historical resistance and was max bearish at major support back in April and even June.” The implication, he suggested, is to avoid chasing optimism under resistance and to “air on the side of caution while #BTC and Total 2/#ETH remain under these major levels.” By referencing Total2—the market capitalization of crypto excluding Bitcoin—and Ethereum, Kevin effectively argued that the broader risk-on impulse for altcoins is unlikely to sustain without a decisive Bitcoin breakout. Macro conditions are a swing factor in his framework, but not yet a catalyst. “The July FOMC was always going to be lack luster with not much stake,” he wrote, noting that two more rounds of data arrive before the September meeting and that “projections are roughly 50/50.” He pointed traders to Core PCE as the next waypoint, while reiterating that he’ll “be the most bullish” only if price and momentum confirm above the highlighted band. Until then, he plans to “manage risk properly and sit back and watch the show unfold.” Market structure and volatility may force the timeline. “#BTC getting ready to make a move soon after volatility has dropped off a cliff over the last week,” Kevin observed, underscoring that compressed ranges typically precede directional expansion. In his view, that expansion must come with a break of both price resistance and the “downtrending resistance on the weekly RSI” to unlock the stronger bullish case. Without that confluence, he sees the set-up as a classic trap for altcoins, which historically underperform when Bitcoin is capped and dominance grinds higher within ranges. Kevin’s stance, delivered across posts on July 30–31, amounts to conditional optimism: the structural bull case for the asset class remains intact only if Bitcoin proves it by clearing the $120,000–$123,000 zone and reversing its weekly momentum profile. “Just be careful who you follow folks,” he cautioned. “There is some good ones but a lot of bad ones.” For now, he remains explicitly cautious on altcoins while Bitcoin and the major breadth gauges sit beneath those levels, with the next decisive tests likely to be driven by the data cadence into September and a volatility breakout that finally chooses a side. At press time, the total altcoin market cap (TOTAL2) stood at $1.48 trillion.

Southern Copper (NYSE, LON: SCCO) is in talks with Mexican President Claudia Sheinbaum’s administration to resume mining investments in the country valued at $10.2 billion. The company, in its second-quarter earnings report this week, said the negotiations aim to secure permits and licences that were stalled under the previous government. Southern Copper’s subsidiary, Minera México, plans to invest over $600 million by the end of 2025 in both open-pit and underground operations. About half of that will go toward modernizing infrastructure to ensure long-term viability. The rest will fund improvements in water use and tailings management, as well as initiatives focused on operational efficiency and growth. The company highlighted several Mexican projects in the pipeline, including Angangueo, Chalchihuites and the Empalme smelter. It noted that these developments could strengthen its position as a fully integrated copper producer. Additional projects include the El Arco copper deposit in Baja California and the El Pilar greenfield copper project in Sonora, a region also known for gold, silver and lithium assets. According to the Mexican mining chamber Camimex, there were 116 pending environmental approvals with Semarnat and 107 awaiting clearance from the water authority Conagua as of late 2024. These delays are holding up an estimated $6.9 billion in investments and the creation of 50,000 jobs. $1.8B Tía María mine in Peru, Southern Copper is targeting 2027 to begin production at its long-delayed Tía María copper mine in the Arequipa region’s Islay province. The company recently increased the project’s spending total to $1.8 billion, up from the previously planned $1.4 billion. At current copper prices, Southern Copper expects Tía María to generate $18.2 billion in exports and contribute $3.8 billion in taxes and royalties over its first 20 years. Southern Copper reported it has already created 1,376 jobs, including 802 filled by local workers. The company aims to hire most of the 3,500 workers needed during construction from Islay. Once operational, the mine will generate 764 direct and 5,900 indirect jobs. Construction progress has reached 90% on access roads and platforms. The company has also started building a temporary camp, begun mass earthworks, and installed 59 kilometres of fencing around the site. Tía María has faced years of delays due to strong local opposition over environmental concerns, with protests between 2011 and 2015 leaving six people dead. Though the Peruvian government approved the project in 2019, it remained stalled until development resumed in 2024 following improved local conditions. Southern Copper said its Peruvian projects, either under construction or in engineering phases, could represent over $10.3 billion in investment over the next decade. Despite global economic uncertainty and the potential fallout from the US-China trade dispute, the company remains optimistic. Chief financial officer Raúl Jacob told analysts Wednesday, “We maintain a positive long-term outlook for copper.”

Pudgy Penguins ($PENGU) is making a comeback after a sharp decline, showing several signs that the meme coin trend might be shifting. As $PENGU gains momentum, new players in the crypto market, like Maxi Doge ($MAXI), are showing interest. The standout? A fresh TD “9” buy signal right at a key demand zone – a setup traders often watch for early reversals. Add in a bullish RSI divergence, a surge in on-chain activity, and the fact that $PENGU has now flipped $BONK to reclaim its spot as one of the top Solana meme coins, and the stage is set for what could be a serious bounce. After all, when the leading meme coins wake up, the whole sector – including fresh crypto presales – tends to run. Why Analysts are Bullish on $PENGU The TD Sequential “9” buy signal flashing on $PENGU is a classic sign of trend exhaustion, often preceding sharp reversals. Its appearance at the $0.036 demand zone (a key trendline support) adds conviction, suggesting that sellers may run out of steam. Momentum indicators are reinforcing the case. The RSI shows a clear bullish divergence, hinting at waning selling pressure and the potential for an upside shift. On-chain metrics strengthen this outlook: $PENGU has 563K+ holders, recently flipped $DOGE in trading volume on some exchanges, and daily active addresses have climbed to 20K. These figures highlight growing participation and point to it being among the best meme coins. That’s regaining strength, not fading away. Next Price Targets and Technical Outlook Analyst Lennaert Snyder believes $PENGU is primed for a breakout above $0.043, with a potential rally toward $0.073 if momentum holds – a view supported by the latest chart structure. This projection hinges on $PENGU maintaining its critical $0.036 support, which has repeatedly acted as a springboard for recoveries. In the near term, $0.041 is the first key resistance, followed by $0.045, where stronger selling pressure may emerge. A decisive move through these levels would confirm a broader trend reversal and open the door to Snyder’s target zone. Conversely, losing $0.036 could invalidate the bullish setup. However, the confluence of strong support, improving indicators, and rising participation suggests $PENGU’s next move may be higher. Meme Season Ignites Meme coin season is heating up again, and $PENGU is leading the charge. Now the top meme coin on Solana with a $2.4B market cap and trading at $0.0383, its recovery reignites interest across the sector. Historically, smaller-cap meme plays tend to follow suit when a leader like $PENGU flashes bullish signals. This rotation effect is already drawing attention to new presales, with Maxi Doge ($MAXI) emerging as one of the most-watched contenders in the current meme coin pipeline. Maxi Doge ($MAXI): Meme Coin With High-Octane Hype Maxi Doge ($MAXI) is a full-blown spectacle, and it’s already moving fast. Having pulled in over $100K within days of launch, the project has tapped into high-octane hype that only the most unhinged corners of crypto can deliver. This isn’t your typical “cute dog” narrative. $MAXI comes with a 1,000x leverage mindset, a protein shake-fueled community, and a mission statement that reads more like a locker-room pep talk than a whitepaper. Its satirical edge is what’s making it stick. This project leans hard into the absurdity – backed by early staking rewards of a staggering 1,860%- from memes of Maxi Doge bench-pressing Dogecoin to Red Bull-fueled trading marathons. And that’s exactly why it’s catching fire. Traders aren’t just buying a token; they’re buying into a movement gunning to out-muscle Dogecoin’s legacy and flex its way onto the meme coin leaderboard. If $PENGU is the comeback kid, $MAXI is the gym rat kicking down the door. Final Thoughts: Penguins March, Doges Flex Pudgy Penguins’ fresh TD “9” signal, bullish RSI divergence, and on-chain momentum make it the meme coin to watch as it claims the Solana crown. But the real kicker is how this resurgence often sparks broader meme coin rotations, and Maxi Doge’s satirical, high-energy presale is already capitalizing on that wave. With $PENGU at $0.03830 and $MAXI offering 1,860% early staking rewards, this could be one of those rare windows where the meme coin market flips from quiet to chaotic in a hurry. If you’re hunting early plays, it might be time to keep one eye on the charts and the other on presales. Just remember: in meme coin land, the only constant is volatility. This is not financial advice. Meme coins are highly speculative and can be extremely volatile. Always do your own research (DYOR) and never invest more than you can afford to lose.

A task force established by President Donald Trump has issued a comprehensive crypto report advocating for clearer regulations governing digital asset markets. Released on Wednesday, the report calls on federal regulators to utilize their existing authority to create more definitive rules surrounding the trading of digital assets, thereby facilitating the adoption of innovative financial products. White House Crypto Report According to Bloomberg, the White House described the report as an essential step toward positioning the United States at the forefront of the blockchain revolution. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” officials stated in a fact sheet accompanying the report from the Working Group on Digital Asset Markets. Formed through an executive order signed by Trump in January, the task force has proposed a variety of policy measures aimed at addressing the complexities of the digital asset landscape. Among its key recommendations is the urgent passage of the Digital Asset Market Clarity Act, which seeks to eliminate regulatory gaps by granting the Commodity Futures Trading Commission (CFTC) authority to oversee spot markets for non-security digital assets. The report also emphasizes the need to embrace decentralized finance (DeFi) technologies as a vital component of the evolving financial ecosystem. The report also urges both the Securities and Exchange Commission (SEC) and the CFTC to act swiftly, providing clarity on critical issues such as registration, custody, trading, and recordkeeping to enable federal-level trading of digital assets. Bitcoin Reserve With 198,000 Seized Coins These recommendations come on the heels of Trump’s recent signing of a congressional bill called the GENIUS Act, aimed at regulating stablecoins, marking a significant victory for the cryptocurrency industry. This new law establishes rules for US dollar-backed stablecoins, which proponents believe will pave the way for broader integration of digital assets into the financial system. The White House has indicated that additional details about the Strategic Bitcoin Reserve will be forthcoming. This reserve is expected to consist of approximately 198,000 Bitcoin that the government has seized from criminal cases and other proceedings. An executive order issued earlier this year mandated that the Treasury Department retain these Bitcoin holdings, with directives to explore budget-neutral methods for acquiring more. The report also addresses other crucial issues, including the need for clarity on Bank Secrecy Act obligations to strengthen anti-money laundering (AML) efforts. On tax policy, it recommends that Congress classify digital assets as a new category subjected to modified tax rules applicable to securities or commodities. Furthermore, it calls for legislation to extend wash sale rules to digital assets, preventing investors from claiming tax losses on securities if they repurchase similar assets within a designated timeframe. Featured image from DALL-E, chart from TradingView.com

Overview: The dollar jumped yesterday on the back of rising rates as if despite the two dovish dissents by governors, yesterday's FOMC meeting was a hawkish hold. It seemed to us that Fed Chair Powell referred to downside risks more than upside risks. The dollar's pullback today has been limited, and the consolidation looks more like the breath that refreshes rather than the end of the short covering rally that began at the start of the month. President Trump announced a several new tariff schedules as the August 1 deadline looms. Note too that the arguments in the appeal case that challenge the legality of the reciprocal tariffs will be heard today. Despite stronger than expected economic data, the yen is the weakest in the G10. The BOJ stood pat as expected. The dollar is trading above the 200-day moving average for the first time since mid-February. Outside of Japan and Taiwan, the large bourses in the Asia Pacific region fell, led by more than 1% drops in Hong Kong and China mainland. Disappointing PMI data appeared to weigh on activity. Europe's Stoxx 600 is nursing small losses, while strong earnings by Microsoft and Meta is helping lift US index futures. Nasdaq futures are trading about 1.3% higher and the S&P 500 futures are up almost 1%. Benchmark 10-year yields are 1-3 bp lower in Europe and the 10-year US Treasury yield is off nearly two basis points to around 4.35%. Gold has snapped back. It lost 1.5% yesterday, the most in a month, and is around 1% higher now to resurface above $3300. September WTI is consolidating after it reached a new high for the month yesterday near $70.50. It is near session lows (~$69.40) in late European morning turnover. USD: The Dollar Index rally was extended to almost 100.00 yesterday, its best level since the end of May. It settled above its upper Bollinger Band (~99.25) for only the second time this year (first was on May 12). It is consolidating after yesterday's surge and held above 99.50. The next technical objective may be near 100.60. Despite two governor dissents from the Fed's decision to standpat, the market took away a hawkish message. US rates rose. The dollar rallied. Stocks were sold. At Tuesday's settlement, the market had 17.5 bp of easing discounted and at yesterday's close a little less than 12. The June personal income and consumption data was embedded in yesterday's GDP report. The deflators may attract some attention, but the CPI/PPI steals the thunder, and Fed will see the July and August series before the next FOMC meeting. In fact, the Jackson Hole conference at the end of August (21-23) is on labor markets in transition is the next Fed highlight. The quarterly employment cost index is expected to have risen by 0.8% after a 0.9% rise in Q1. Weekly initial jobless claims have fallen for six consecutive weeks, but economists expect the streak to be snapped. Still, the national employment tomorrow has more heft to move the markets. Lastly, we note that the appellate arguments in the trade court case that found the tariffs imposed under "emergency" legislation are an executive branch overreach. Regardless of the eventual decision, it will likely be appealed again. EURO: With yesterday's losses, the euro fell through the June 23 low near $1.1455. The session low was set toward the end Fed Chair' Powell's press conference to almost $1.1400. It is holding today, but the euro recovery stalled near $11.460. The June low was set early in the month around $1.1340 and that may be the next technical target. Still, the euro settled below its lower Bollinger Band (~$1.1515) for the third time this year. The previous two times saw the euro begin to recover the following day. The bounce at the very start of the Fed's press conference met strong selling as it popped above $1.1500. After the eurozone reported a 0.1% growth in Q2, attention turns to inflation. Spain reported yesterday. The EU harmonized CPI measure fell by 0.4% but the base effect meant that the year-over-year pace rose to 2.7% from 2.3%. France reported today that the harmonized measure rose by 0.3% for a 0.9% year-over-year pace. Italian inflation has a strong seasonal pattern toward moderating in July and this year is no exception. The 1.0% decline month-over-month was the largest decline since the 0.9% drop last July. The year-over-year rate eased to 1.7% from 1.8%. German states have reported, and the national figure is due shortly. The harmonized measures may have risen by 0.4% for a 1.9% year-over-year pace (2.0% in June). The aggregate figure for the eurozone will be reported tomorrow. Today it reported that for the third consecutive month, the unemployment rate was at 6.2% in June, matching the record low under monetary union. CNY: The dollar posted its biggest gain against the yuan since April yesterday, rising by about 0.45%. It rose and settled above CNH7.21 for the first time since June 2. It reached about CNH7.2145. It is consolidating between CNH7.1960 and CNH7.2115. The extent of further gains seems to depend the greenback's broad movement. The next important chart area may be around CNH7.2240-65. The PBOC set the dollar's reference rate at CNY7.1494 (CNY7.1441 yesterday). Last week's absolute value of changes in the daily fix was 0.27% and with today's fix the absolute value of changes over the past four sessions is 0.30%. Early this year, the weekly changes were a quarter as much. While critics drew attention to it then, the widening has hardly been recognized. Nevertheless, it is likely to have been observed by Beijing that despite the greater flexibility of the dollar reference rate, the implied three-month volatility (a common benchmark) fell below 3.6% yesterday, the lowest since the end of July 2024. China's July PMI was a little softer than expected. The manufacturing PMI slipped to 49.3 from 49.7. It has not been above the 50 boom/bust level since March. It finished last year at 50.1. The non-manufacturing PMI stands at 50.1, down from 50.5. It was 52.2 in December 2024. The composite measure (output) eased to 50.2 from 50.7. It has risen in the previous two months. JPY: The dollar posted a bullish outside up day against the yen. Initially, Tuesday's low (~JPY148.15) was taken out in local hours as the earthquake gave rise to ideas that insurers may need to repatriate funds. However, as US yields rose and the greenback extended its advance broadly. It took out Tuesday's high (~JPY148.80) and reached slightly above JPY149.50, a new high for the month. At JPY149.40, the dollar retraced this year's losses (from ~JPY158.85 on Jan 10). The dollar is near session highs around JPY149.80 late in the European morning. It has risen through the 200-day moving average (~JPY149.60) for the first time since mid-February to approach the psychologically important JPY150. Japan's June retail sales rose by 1.0%, well above expectations and recouping fully the 0.6% decline (revised from the initial -0.2%, in May). Industrial output jumped by 1.7%, while the median forecast in Bloomberg's survey was for a 0.8% decline. by 0.8%, as expected. It was the third consecutive decline and the fourth in H1 25. As widely anticipated, the Bank of Japan left its target rate at 0.50%. It updated its GDP and core CPI forecasts. Growth was seen at 0.6% this year (up from 0.5%0), 0.7% the next year and 1.0% the following year (both unchanged). The core CPI projection was raised to 2.7% (from 2.2) and 1.8% (from 1.7% the next year) and 2.0% (from 1.9%) the following year. The swaps market 17-18 bp of tightening this year discounted, the least since last Tuesday and down a couple of basis points today. GBP: Sterling posted a bearish outside down day. It traded on both sides of Tuesday's range and settled below its low (~$1.3310). It reached a low slightly below $1.3230, its lowest level since mid-May. The upside stalled near the five-day moving average, and a little above the neckline of the head and shoulders top pattern we have been monitoring. It projects to around $1.2940 and the halfway point of this year's range. It also settled below its lower Bollinger Band (~$1.3270). It bounced to about $1.3280 today where sellers emerged to drive it back toward $1.3235. There seems little chart support ahead the $1.3140 area. With little new data between now and August 7, there is practically nothing that will shake market expectations of a rate cut next week. The last time that the swap market was not discounting at least a 90% chance of a cut was two weeks ago. CAD: The US dollar rose for the fifth consecutive session against the Canadian dollar, the longest advance since late February/early March. The greenback rose and settled above CAD1.38 for the first time since the end of May. It reached CAD1.3845 yesterday, leaving little on the charts to deter from a test on CAD1.3900. After a shallow pullback (to CAD1.3815), the US dollar is pushing against yesterday's high. The Bank of Canada left its target rate at 2.75%. The swaps market had about a 66% chance another cut will be delivered at the end of the year and it has eased slightly to around 62% today. The central bank's new forecast is sobering. Under the current tariffs, the central bank projects a 1.5% annualized contraction in Q2, which is deeper than the market expects, but forecasts a rebound in Q3 of 1%. Growth this year is seen at 1.3% and 1.1% next year. In the January report, the central bank had anticipated 1.8% growth this year and next. It assumes the US tariff rate of 25% for only those goods that are not exempt under the USMCA. Tariffs on steel, aluminum, and non-US content imported vehicles are assumed to remain in place, as will Canada's retaliatory tariffs. It continued to hold out the possibility of another cut if a weakening economy exerts downward pressure on inflation. AUD: The Australian dollar also fell for the fifth session yesterday. The streak began last Thursday when it was turned back after making a new high for the year (~$0.6625). It fell to almost $0.6425 yesterday, its lowest level since June 23. It has recovered to $0.6475 today but is hovering around $0.6450-5 in late European morning turnover. Nearby support may be seen around $0.6400 and the 200-day moving average is slightly below (~$0.6390). Australia reported a slew of data today but none of it is enough to dissuade the market from its high conviction that the central bank will deliver its third quarter-point rate cut on August 12. Building approvals a whopping 11.9% in June and well above expectations for a 1.8% gain. It was the second consecutive monthly gain after three straight drops. Retail sales jumped 1.2% in June, three times more than the median forecast in Bloomberg's survey. After adjusting for inflation, retail sales rose 0.3% in Q2 after a revised 0.1% gain in Q1 (initially flat). Private sector credit grew by 0.6%, which is about the average pace seen this year. Lastly import and export price indices fell in Q2. Export prices fell 4.5% after rising by 2.1% in Q1. Import prices slipped by 0.8% after rising 3.3% in Q1. MXN: The dollar traded on both sides Tuesday's range against the peso yesterday but settled above its high. The dollar rose slightly above MXN18.87 in late turnover. It took out the July 15 high (~MXN18.8850) slightly, before pulling back to almost MXN18.7830. Still, it has turned better bid in Europe and recovered through MXN18.85. Above MXN18.8850, the next of note is around MXN18.93, the (50%) retracement of the dollar's last leg down from the June 23 high (~MXN19.3430). Mexico surprised with a 0.7% expansion in Q2. The median forecast in Bloomberg's survey was for 0.4% growth after 0.2% in Q1. However, the impact on the peso was overwhelmed by the US dollar's broad gains. As widely anticipated Brazil's central bank left the Selic rate steady at 15.0%. The market expects the next move to be a cut. It was a volatile day for the exchange rate, but the dollar settled slightly weaker on the day near BRL5.57. News that America's 50% tariff was going to delayed by a week and that exemptions, including orange juice, oil products, natural gas, aircraft, and machinery, helped the real recover from early losses. Disclaimer

A closely watched chartist on X, Cantonese Cat (@cantonmeow), says he added to his Dogecoin exposure after a key Ichimoku signal appeared on the weekly chart. Posting at 2:46 p.m. on July 30, 2025, he shared a TradingView snapshot and wrote: “DOGE weekly — Ichimoku cloud — Bullish Tenkan–Kijun cross — Finding support at the Tenkan (blue line).” He followed with a straightforward disclosure: “I bought a little bit more $DOGE here.” This Dogecoin Ichimoku Signal Can’t Be Ignored The chart he published was captured at 12:46 UTC on July 30 and showed Dogecoin (weekly timeframe) trading near $0.216 after a week-to-date decline of 10.23%. TradingView’s readout on the image lists weekly O/H/L/C at 0.24076 / 0.24854 / 0.21440 / 0.21613, alongside Ichimoku values Tenkan-sen 0.21517, Kijun-sen 0.21142, Senkou Span A 0.21329, and Senkou Span B 0.28247. The thrust of the analyst’s call rests on classic Ichimoku mechanics. The Tenkan-sen (conversion line) has crossed above the Kijun-sen (base line) on the weekly chart—an event technicians describe as a bullish Tenkan–Kijun cross. In the posted image, spot price sits marginally above the Tenkan and Kijun, consistent with his comment that price is “finding support at the Tenkan.” In Ichimoku methodology, the Tenkan often acts as a fast-moving gauge of momentum and, when rising above the slower Kijun, can mark the start of a momentum-led trend attempt. On higher timeframes such as the weekly, participants typically treat those inflections as more consequential than on intraday charts. That said, the same screenshot shows DOGE trading beneath the weekly cloud (Kumo) projected ahead, with Senkou Span B up near the $0.28 area. In textbook terms, signals that occur below the cloud are generally categorized as weaker than signals that occur above it, even when the Tenkan–Kijun cross is bullish. The image also captures the context of the move: after a forceful green candle in mid-July, two red weekly candles followed, leaving price clustered around the Tenkan/Kijun zone. Pressed for a status check a day later, the analyst reiterated that the technical picture had not broken down: “DOGE holding weekly Ichimoku Tenkan and Kijun support so far,” he wrote on July 31. That comment underscores how Ichimoku practitioners often judge trend health by whether price can close above the Kijun on the chosen timeframe and continue to respect the Tenkan on pullbacks. For now, the story is a straightforward one: a bullish Tenkan–Kijun cross on the weekly chart, with price attempting to base at those lines while the cloud overhead still looms as longer-term resistance. As ever with Ichimoku analysis, the coming weekly close relative to the Tenkan and Kijun will be the focal reference for traders tracking whether this early signal can mature into a broader uptrend. At press time, DOGE traded at $0.22.

Apple’s pivotal announcement of its flagship Apple Intelligence on 10 June 2024 during WWDC 2024, which propelled a rally of 35% on its share price to hit a fresh all-time high of 259.47 on 26 December 2024. Since this AI milestone, Apple has lost its shine among traders and investors, as it has not been transparent about its AI strategy, while its competitors have announced concrete plans for new AI-centred data centres and devices. Read more Apple Inc. (AAPL) Earnings Preview: Navigating Growth, Tariffs, and AI Innovation Its share price has been punished severely, where Apple (AAPL)’s year-to-date performance as of Monday, 28 July has recorded a horrendous decline of -12%, making it one of only two members of the “Magnificent 7” that have lost value, together with Tesla (see Fig. 1). Fig 1: YTD performance of Mag 7 ETF, NVDA, MSFT, META, AMZN, GOOGL, AAPL & TSLA as of 28 July 2025 (Source: TradingView) Since the major swing low of 7 April 2025, seen on the major US stock indices, ex-post US Liberation Day tariffs announcement, Apple has also significantly underperformed by a wide margin as its share price recorded a gain of 18.11% as of 28 July versus a positive return of 40.34% seen on the “Magnificent 7” exchange traded fund over the same period (see Fig. 2). Fig 2: Performance of Mag 7 ETF, NVDA, MSFT, META, AMZN, GOOGL, AAPL & TSLA from 7 April to 28 July 2025 (Source: TradingView) Fig 3: Apple medium-term trend as of 31 July 2025 (Source: TradingView) Preferred trend bias (1-3 months) Bearish bias with 216.20/220.70 as key medium-term pivotal resistance, and a break below 203.45 (also the 50-day moving average) exposes the next medium-term support at 193.55 in the first step (see Fig. 3). Key elements The medium-term rebound from the 8 April 2025 low of 168.99 has started to show signs of fatigue below the key 200-day moving average and a medium-term descending trendline in place since its current all-time high of 259.47 printed on 26 December 2024.The daily RSI momentum indicator has just staged a breakdown below the 50 level and a parallel ascending support from 8 April 2025, suggesting a potential bearish momentum condition.The ratio chart of Apple versus the S&P 500 has continued to trend lower since 2 July 2025, which highlights further potential relative strength underperformance of Apple against the S&P 500.Alternative trend bias (1 to 3 months) A clearance above 220.70 invalidates the corrective decline scenario to open up scope for a bullish revival for the next medium-term resistances to come in at 235.10 and 246.60. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The lazy hot days of summer are upon us. Gold has settled into a sideways holding pattern, after climbing over 25% in the first half of the year. With hamburgers sizzling on the backyard barbeque grill, making portfolio moves might not be on the top of your to-do list. Consider this: taking action today to add physical gold to your portfolio gives you the opportunity to trade fewer dollars for more gold before the next up leg begins. Fidelity joined Goldman Sachs with a forecast for gold to reach $4,000 an ounce. Fidelity pointed to expected Federal Reserve interest rate cuts, a weakening U.S. dollar and more central bank gold buying as factors driving gold to new record highs ahead. Fidelity fund managers noted that some funds had doubled their 5% allocation to gold, in line with moves that affluent gold investors are increasing their allocations to the precious metal also. While the U.S. stock market has been unnerved by the sweeping shifts to global trade policy in recent weeks, warnings are rising that a sharp pullback in stocks or even a crash could lie ahead. “I expect an 80% crash when this is over. I just don’t think this is it. This is a trap,” Mark Spitznagel is the founder and chief investment officer of hedge fund Universa Investments, told MarketWatch. CNBC host Jim Cramer warns of ‘Black Monday’ market crash over Trump tariffs rivaling record 1987 collapse –New York Post Cantor Fitzgerald warns of a market pullback as S&P 500 flashes overbought signal—Seeking Alpha 2 big warning signs a correction in stocks may be looming, according to Goldman Sachs—Business Insider From Wall Street to Main Street Stressors Are Showing As corporate America reports its latest batch of earnings, cracks are already showing in profits due to protectionist tariff impact. General Motors reported a $1.1 billion profit hit from the tariffs. GM said it earned $2.53 per share, down from $3.06 a year ago. Dow Inc. reported that the chemical company reported its first quarterly loss in five years as tariff uncertainties pressured the business. PayPal Holdings stock fell the most in six months after executives reported slower growth in payment volume that the company said was a result of U.S. tariff policy. Shifting to Main Street, new reports show that even Americans with high incomes are falling behind on credit card and car payments. Delinquencies on credit card and auto loan debts from upper income Americans climbed nearly 20% in the past two years, VantageScore said. As financial stress and growing debt extends to even top earners, that leaves the U.S. economy more vulnerable in the months ahead. What’s more, the U.S. economy is already slowing. U.S. Gross Domestic Product (GDP) grew at 1.9% in the first quarter of 2025, down from 2.9% in the final three months of 2024. The Atlanta Fed GDPNow forecast predicts that growth will slow to around 1% in the second quarter. Bottom Line Corporate profits are weakening. The stock market is vulnerable to a correction. Protectionist U.S. tariff rates are now at their highest levels since the 1930’s. The economy is slowing. Gold is trading quietly, sideways right now. Don’t let the warm summer breeze lull you into complacency. Take action to protect your wealth with an increased allocation to physical gold now. In a few weeks or months, today’s gold price will seem like a bargain. Don’t kick yourself for not buying more today. Get started and explore your physical gold options here. Photo from Unsplash The post Which Way Will Gold Break Out Of Its Range? Fidelity Says Gold Could Hit $4,000 appeared first on Blanchard and Company.

The lazy hot days of summer are upon us. Gold has settled into a sideways holding pattern, after climbing over 25% in the first half of the year. With hamburgers sizzling on the backyard barbeque grill, making portfolio moves might not be on the top of your to-do list. Consider this: taking action today to add physical gold to your portfolio gives you the opportunity to trade fewer dollars for more gold before the next up leg begins. Fidelity joined Goldman Sachs with a forecast for gold to reach $4,000 an ounce. Fidelity pointed to expected Federal Reserve interest rate cuts, a weakening U.S. dollar and more central bank gold buying as factors driving gold to new record highs ahead. Fidelity fund managers noted that some funds had doubled their 5% allocation to gold, in line with moves that affluent gold investors are increasing their allocations to the precious metal also. While the U.S. stock market has been unnerved by the sweeping shifts to global trade policy in recent weeks, warnings are rising that a sharp pullback in stocks or even a crash could lie ahead. “I expect an 80% crash when this is over. I just don’t think this is it. This is a trap,” Mark Spitznagel is the founder and chief investment officer of hedge fund Universa Investments, told MarketWatch. CNBC host Jim Cramer warns of ‘Black Monday’ market crash over Trump tariffs rivaling record 1987 collapse –New York Post Cantor Fitzgerald warns of a market pullback as S&P 500 flashes overbought signal—Seeking Alpha 2 big warning signs a correction in stocks may be looming, according to Goldman Sachs—Business Insider From Wall Street to Main Street Stressors Are Showing As corporate America reports its latest batch of earnings, cracks are already showing in profits due to protectionist tariff impact. General Motors reported a $1.1 billion profit hit from the tariffs. GM said it earned $2.53 per share, down from $3.06 a year ago. Dow Inc. reported that the chemical company reported its first quarterly loss in five years as tariff uncertainties pressured the business. PayPal Holdings stock fell the most in six months after executives reported slower growth in payment volume that the company said was a result of U.S. tariff policy. Shifting to Main Street, new reports show that even Americans with high incomes are falling behind on credit card and car payments. Delinquencies on credit card and auto loan debts from upper income Americans climbed nearly 20% in the past two years, VantageScore said. As financial stress and growing debt extends to even top earners, that leaves the U.S. economy more vulnerable in the months ahead. What’s more, the U.S. economy is already slowing. U.S. Gross Domestic Product (GDP) grew at 1.9% in the first quarter of 2025, down from 2.9% in the final three months of 2024. The Atlanta Fed GDPNow forecast predicts that growth will slow to around 1% in the second quarter. Bottom Line Corporate profits are weakening. The stock market is vulnerable to a correction. Protectionist U.S. tariff rates are now at their highest levels since the 1930’s. The economy is slowing. Gold is trading quietly, sideways right now. Don’t let the warm summer breeze lull you into complacency. Take action to protect your wealth with an increased allocation to physical gold now. In a few weeks or months, today’s gold price will seem like a bargain. Don’t kick yourself for not buying more today. Get started and explore your physical gold options here. Photo from Unsplash The post Which Way Will Gold Break Out Of Its Range? Fidelity Says Gold Could Hit $4,000 appeared first on Blanchard and Company.

JPMorgan Chase and crypto exchange Coinbase have announced a new partnership on Wednesday that marks a pivotal shift in the relationship between traditional finance and digital assets. As the crypto industry experiences a bullish resurgence, fueled by a more favorable regulatory environment in the United States, major financial institutions are reassessing their earlier skepticism toward digital currencies and are now eager to explore the opportunities within this sector. JPMorgan’s Collaboration With Coinbase The recent passage of key legislation—the GENIUS Act, the Digital Asset Market Clarity Act, and anti-Central Bank Digital Currency (CBDC) bills—through Congress has encouraged more banks and firms to consider integrating digital assets into their operations. This renewed interest comes at a time when the cryptocurrency market has reached an impressive valuation of approximately $4 trillion, with expectations for continued growth as regulatory clarity emerges in major markets. Starting in 2026, JPMorgan customers will be able to fund their Coinbase wallets using Chase credit cards, according to Reuters, therefore facilitating easier access to cryptocurrency purchases. The partnership also allows Chase customers to redeem credit card reward points for Circle’s USDC stablecoin. This feature, alongside the ability to link bank accounts directly to Coinbase for funding crypto purchases, reflects the increasing integration of digital assets into everyday financial transactions. Financial Giants Step Into The Crypto Market Stablecoins, which are designed to minimize price volatility, are positioned as essential tools for facilitating seamless transactions in both trading and payments. They are now under a new regulatory framework established by the GENIUS Act, which was signed by President Donald Trump. Market analysts have noted that the adoption of cryptocurrencies is set to accelerate in light of the recent legislative changes. BCA Research highlighted that companies within the crypto ecosystem are well-positioned to benefit from this growth, suggesting that increased adoption will lead to price appreciation for digital assets. Coinbase’s stock, COIN, has responded positively to the partnership news, rising by 6% in Wednesday’s trading session, closing the day at $377 and reflecting a broader trend in the company’s performance. With shares up around 50% this year, Coinbase has achieved a market capitalization of approximately $95 billion, further solidifying its role as a leader in the cryptocurrency space. Reuters highlighted that the crypto exchange’s recent inclusion in the S&P 500 index underscores its growing significance and acceptance in the mainstream financial world. Other financial institutions are also taking steps to engage with the crypto market. Earlier this month, PNC Bank announced its collaboration with Coinbase to offer cryptocurrency trading to its customers, indicating that the interest in digital assets is not limited to JPMorgan alone. Citibank, Morgan Stanley, and Bank of America are among the largest US banks joining this growing trend, in which cryptocurrencies are expected to benefit tremendously. Featured image from DALL-E, chart from TradingView.com

Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. 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.