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No cuts, no hikes—just more economic pain and investors are blaming it on President Donald Trump. Meanwhile, as crypto crashes, a new meme coin is making headway in the market. The Fed’s May minutes show rates staying locked at 4.2% to 4.5%, reflecting unease beneath the surface. Inflation hasn’t gone anywhere, the labor market is still tight, and the economy’s slowing just enough to make everyone nervous. #TACO pic.twitter.com/zOiHtKUJd1 — (@Tish573) May 28, 2025 DISCOVER: 20+ Next Crypto to Explode in 2025 Donald Trump’s Trainwreck Meeting With Jerome Powell This Week On Thursday, Trump brought Fed Chair Jerome Powell into the West Wing for their first face-to-face since January and pressed him to slash interest rates. Powell didn’t budge. According to the Fed’s official readout, decisions would be made “solely on careful, objective, and non-political analysis”—a not-so-subtle reminder of the central bank’s independence. The White House didn’t dispute it. “Correct,” said spokeswoman Karoline Leavitt when asked about the Fed’s official statement. Critics wasted no time labeling Trump “TACO”—Trump Always Chickening Out—accusing him of posturing online but backing down face-to-face. The same charge was leveled during his tariff standoff with China, where tough talk often fell short of follow-through. (X) Trump told Powell he’s making a mistake. Powell gave Trump his statement to which Trump said, “late Powell, you are correct.” End of talks. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Market and Crypto Reactions, Time to Invest in a New Memecoin? At May’s FOMC meeting, the Fed held rates at 4.5%, with Powell insisting there’s no need to flinch—yet. “ We are comfortable with our policy stance,” he said, though he acknowledged the toolkit is still in reach if things shift. 99Bitcoins analysts see the current numbers as a mixed bag. Inflation is stuck at 2.6%, above the Fed’s 2% comfort zone. Unemployment has crept up to 4.2%. and GDP is down 0.3% in Q1. In an interview, former Dallas Fed President Robert Kaplan said that the decline may not reflect a true slowdown—but it’s enough to keep markets twitchy. “The Fed’s current status is the right thing to do… It’s wise to remain patient.” BTC Bull – Trending New Meme Coin ICO Featuring Free Bitcoin Airdrops With Bitcoin’s next surge on deck, a new meme coin BTC Bull Token ($BTCBULL) is quietly positioning itself as more than hype. Built to reward—and shrink—it hands out BTC airdrops to holders and cuts supply every time Bitcoin breaks through a new ceiling. The next target is $125,000. If hit, 15% of the token’s total supply gets wiped from circulation. (BTCBULL Presale) If Bitcoin hits $150K or $200K, expect more BTC airdrops for token holders. And at the big $250K milestone, the project plans to drop 10% of its entire supply straight into the hands of the $BTCBULL community. With over $6.5 million already raised in its presale and staking yields pushing 63% APY, the hype isn’t just noise—it’s backed by serious momentum. Tokens are currently priced at $0.002535. ICO Project Token Ticker Network Raised So Far Accepted Coins BTC Bull Token $BTCBULL Ethereum $6.55 million ETH, USDT, BNB Visit BTC Bull Token EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways No cuts, no hikes—just more economic pain and investors are blaming it on President Donald Trump. Critics wasted no time labeling Trump “TACO”—Trump Always Chickening Out. The post Will Fed Cut Rates in June? Inflation Fears Trigger BTC Rotation to New Memecoin appeared first on 99Bitcoins.

Panama has approved First Quantum Minerals’ (TSX: FM) maintenance plan for the shuttered Cobre Panama copper mine, clarifying that this does not signal a restart of operations. Trade and Industry Minister Julio Moltó said the endorsed plan is aimed at preventing environmental damage and preserving equipment that has sat idle for nearly 20 months. He stressed that the site remains closed and that the initiative is strictly for environmental protection and site care. “The mine is not being reopened. We’re authorizing the implementation of the care and safe management plan to ensure it is environmentally protected,” Moltó said, according to Prensa Latina. The plan, which includes updated environmental and legal protocols, was deemed necessary following the abrupt government-ordered shutdown in late 2023 under the previous administration. Ten government agencies, including the Ministry of the Environment, will oversee implementation. Moltó said First Quantum will fund and carry out the plan, though he did not disclose its cost or exact duration. Experts estimate the work could take three to six months, accounting for environmental safeguards and eventual copper export. “Supervision will ensure that this material can be extracted and processed in the best possible way so that it can then be exported,” he added. MINING.COM Editor-at-Large Frik Els shares insights from his recent visit to the site, where he spoke with local residents, employees, and company officials. First Quantum announced in March that it would pause arbitration proceedings in hopes of resuming negotiations with the Panamanian government on the mine’s future. Cobre Panamá, a $10-billion project and Central America’s largest open-pit copper mine, accounted for about 5% of Panama’s GDP before the shutdown and generated roughly 40% of First Quantum’s annual revenue. Its closure has weighed heavily on both the company’s and the country’s economic outlooks. President José Raúl Mulino has signalled interest in a new partnership model that reinforces national ownership of the mine, but he cautioned that a full closure could take up to 15 years due to its scale and economic significance. The mine directly and indirectly supported tens of thousands of jobs. “Let’s be smart and get the most benefit as Panamanians from a mine we already have,” Mulino said earlier this month. One of the strangest chapters in copper mining is drawing to a close Before the forced halt of operations, Cobre Panamá produced more than 330,000 tonnes of copper and was on track to reach an annual throughput of 100 million tonnes by the end of 2024, placing it near the top of the world’s copper throughput ranking.

The yen is higher on Friday. Iin the European session, USD/JPY is trading at 143.63, down 0.37% on the day. Tokyo core inflation higher than expected at 3.6% Tokyo core CPI climbed to 3.6% y/y in May, up from 3.4% in April and above the market estimate of 3.5%. This marked the highest level since Jan. 2025. Tokyo core inflation is viewed as the leading indicator of nationwide inflation trends and is closely monitored by the Bank of Japan. Tokyo core CPI, which excludes fresh food, was driven higher due to due higher non-fresh food prices, particularly rice which has soared 93% over the past year. The jump in core CPI bolsters the case for a BoJ rate hike. The markets had anticipated a rate hike in October but today's strong inflation report could accelerate the timing of the next rate hike. At the same time, the uncertainty caused by US trade policy may force the BoJ to delay any rate hikes until the impact of US tariffs on Japan's economy becomes clearer. Federal Appeals Court reinstates tariffsUS President Trump's controversial tariffs have sent the financial markets on wild swings. Now, US courts are weighing in on whether Trump exceeded his authority when he imposed the tariffs. A trade court panel ruled this week that most of the tariffs were illegal but on Thursday, an appeals court granted the Trump administration a temporary pause, keeping the tariffs in effect. The legal fight over the tariffs has just begun and could go all the way to the US Supreme Court. In the meantime, the legal challenge has blown a hole in Trump's tariff policy and is causing even more uncertainty in the financial markets. USD/JPY Technical USD/JPY has pushed below support at 143.98 and 143.79. Below, there is weak support at 143.54 followed by 143.35The next resistance lines are 144.23 and 144.42 close USDJPY 4-Hour Chart, May 30, 2025 /media/images/USDJPY_2025-05-30_15-41-16.width-1400.png Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Thailand’s Securities and Exchange Commission (SEC) is set to block access to Bybit, OKX, CoinEx, 1000X, and XT.COM starting 28 June 2025. According to a 30 May 2025 Thai SEC press release, the decision to block five major exchanges is based on allegations that they have been providing services in Thailand without the necessary license. Furthermore, the Thai SEC is taking legal action against the said unlicensed exchanges. Stricter penalties are also in place for individuals involved in cybercrime via digital asset accounts. The SEC said it is taking this step to protect investors and prevent fraudsters from using unauthorized digital asset trading platforms to launder money. “SEC has submitted the above platform information to the Ministry of Digital Affairs,” the press release said. “The Ministry of Digital Affairs will block access to the platforms, preventing the public from accessing them from 28 June 2025.” The SEC warned investors against using the said platforms and to “consider taking action regarding their assets on the platform before the platform’s closure date.” The Thailand SEC announced that it will block cryptocurrency exchanges Bybit, 1000X, CoinEx, OKX and XT platforms on June 28, 2025, and initiate legal proceedings against them for being unlicensed digital asset business operators. https://t.co/VeOM7onr3M — Wu Blockchain (@WuBlockchain) May 30, 2025 DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Royal Decree on the Prevention and Suppression of Technological Crime Thailand recently enacted the Royal Decree on the Prevention and Suppression of Technological Crime, which took effect on April 13. This decree grants the Thai authorities expanded powers to block websites and applications that offer services to Thai users, particularly targeting foreign crypto exchanges whose licenses are questionable. DISCOVER: 20+ Next Crypto to Explode in 2025 Thailand Update: Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement In contradiction to Thai government cracking down on crypto, Thailand’s former Prime Minister, Thaksin Shinawatra, has expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand. Recently, Shinawatra made a push for Thailand’s financial institutions to be more open to cryptocurrency, citing US President Donald Trump’s pro-crypto stance. According to local media reports, Thaksin suggested that Thailand should adopt global crypto trends, such as using Bitcoin for debt settlement and introducing Real World Asset (RWA) tokenisation – trading blockchain-based digital tokens representing tangible physical assets. He also unveiled plans for a cryptocurrency sandbox project in Phuket, where Bitcoin transactions would be state-managed to minimise risks. Explore: Thailand’s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement Key Takeaways Thailand’s financial authorities are intensifying their crackdown on unlicensed cryptocurrency exchanges, with the Securities and Exchange Commission (SEC) set to block access to Bybit, OKX, CoinEx, 1000X, and XT.COM starting June 28. Thai government enacted the Royal Decree on the Prevention and Suppression of Technological Crime, which took effect on April 13. This decree grants authorities expanded powers to block websites and apps that offer services to Thai users, particularly targeting foreign crypto exchanges that operate without a license. The post This Week in Crypto Asia: Thailand Will Block Access To Bybit, OKX, CoinEx appeared first on 99Bitcoins.

Australia’s Paladin Energy (ASX: PDN) is facing the prospect of a second class action lawsuit tied to its production guidance. The new legal action, if initiated, would unfold in the Supreme Court of Victoria in Melbourne and mirrors claims made in a separate class action alleging the uranium miner misled investors. The potential new proceedings focus on disclosures made between June 27, 2024, and March 25, 2025. The previous suit accused Paladin of misleading investors and breaching ASX continuous disclosure rules between June 27 and November 11, 2024. Both actions centre on Paladin’s uranium production forecasts. “Paladin intends to strongly defend any proceedings in relation to those matters, if they are commenced,” the uranium producer said. The Perth, Australia-based company restarted its flagship Langer Heinrich mine in Namibia in late 2023, after a five-year shutdown.. It issued its first production guidance for fiscal 2025 on June 27, targeting 4 million to 4.5 million pounds of uranium oxide (U₃O₈). That forecast was revised downward in November to 3 million to 3.6 million pounds due to inconsistent ore stockpiles and water supply disruptions. Then in March, after unseasonal heavy rainfall further impacted operations, Paladin scrapped its 2025 guidance entirely. It also acknowledged that it no longer expects to hit its nameplate production run rate of 6 million pounds by the end of 2025. Investor frustration has grown, with shares down sharply — from A$15.66 a year ago to A$6.24 today. The company’s current market cap stands at A$2.5 billion ($1.6 billion). Regaining traction Despite setbacks, Paladin and most uranium miners remain bullish on long-term prospects. As global momentum behind nuclear energy accelerates, driven by countries like India and the UK, demand for uranium is projected to soar. Yet supply is forecast to stagnate, then fall post-2029 due to underinvestment and long lead times for new projects. That looming imbalance could ignite a major price surge. With uranium mining banned in Western Australia and Queensland, Paladin is actively seeking growth opportunities abroad. It maintains that primary uranium production is insufficient and likely to stay that way. The uranium market has already shown signs of recovery. Spot prices rebounded 5.4% in April to $67.7 per pound, rising further to $70 in early May. That’s a 10% increase from this year’s lows. The long-term contract price has remained steady at $80, underlining strong long-term fundamentals. Paladin has been hunting for growth options outside the home country, where uranium mining is banned in both Western Australia and Queensland. The company argues that the current shortfall in primary uranium production is structural and likely to persist. With more than half of global uranium output concentrated in just 10 mines, most with declining grades, the spotlight is turning to junior miners. According to the International Atomic Energy Agency, uranium demand is expected to more than double by 2040, exceeding 100,000 tonnes annually. Currently, two-thirds of global supply comes from just three countries: Kazakhstan, Canada and Australia.

The Australian dollar is in negative territory on Friday. In the European session, AUD/USD is trading at 0.6415, down 0.42% on the day. Australian retail sales show unexpected declineAustralia's retail sales contracted in April by 0.1% m/m, missing the market estimate of 0.3%, which was also the March reading. This was the first decline since December, weighed by declines in clothing and department store spending. Annually, retail sales rose 3.8%, compared to 4.3% in March. The weak retail sales report points to a nervous Austrlian consumer and will support the case for further rate cuts. The Reserve Bank of Australia lowered rates by a quarter-point to 3.85% last week, only the second rate cut this year. The markets expect the Reserve Bank to be more aggressive and have priced in a cut of at least 75 basis points before the end of the year, which would lower the cash rate to around 3%. Consumer spending and confidence remain weak and further rate cuts would boost consumption. However, US President Trump's zig-zag tariff policy has created huge uncertainty, making it difficult for the RBA to chart a rate path. The US has imposed 10% tariffs on Australian products but even more concerning is the US-China trade war. The two countries agreed earlier this month to dramatically lower the tariff rates on each other but the agreement is only for 90 days. China is Australia's largest trading partner and a downturn in China's economy would damage Australia's export-reliant economy. Federal court reinstates Trump's tariffsThe tariffs are winding their way through the US courts. A trade court panel ruled this week that most of Trump's tariffs were illegal but on Thursday, an appeals court granted the Trump administration a temporary pause, which keeps the tariffs in effect. The legal fight over the tariffs could go all the way to the Supreme Court and is causing even more uncertainty in the financial markets. AUD/USD Technical AUD/USD has pushed below support at 0.6434 and is testing 0.6421. Next, there is support at 0.6402There is resistance at 0.6453 and 0.6466 close AUDUSD 4-Hour Chart, May 30, 2025 /media/images/AUDUSD_2025-05-30_12-56-11.width-1400.png Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Overview: The on-again, off-again US tariffs are back on, but the judicial process is not over. On top of that, US Treasury Secretary Bessent acknowledged what many have suspected: US-Chinese talks have stalled. The dollar, which was offered yesterday, has come back bid today. It is up against nearly all the G10 currencies. The yen is the exception, arguably helped by the firmer Tokyo CPI. The week may also be remembered for the snapping of the sharp jump in Japanese long-term yields. The 30-year yield posted its first weekly loss in five weeks, with an eight basis point pullback. The yield of the 40-year bond fell (43 bp) to post its first decline in eight weeks. The dollar is firmer against all the G10 currencies on the week but is only higher against the Canadian dollar and Japanese yen as we close out the month. Equities in the Asia Pacific region were mostly lower. Australia and New Zealand were notable exceptions. Europe's Stoxx 600 is about 0.6% better after falling around 0.8% in the previous two sessions. US index futures are nursing small losses. Benchmark 10-year yields are 1-2 bp higher in Europe, and the 10-year US Treasury yield is up almost a basis point to near 4.43%. It is virtually flat this week coming into today. Yesterday's recovery in gold stall and it is trading inside the upper end of Thursday's range. It is struggling to sustain the foothold above $3300. It is off about 1.8% on the week, which leaves it up fractionally for the month, its fifth consecutive monthly gain. July WTI is firm in European turnover, near session highs (~$61.45). It settled near $62.35 a week ago and settled last month close to $57.60. USD: The Dollar Index's price action was poor yesterday but there has been no follow-through selling today. After setting a seven-day high, which approached the down trendline drawn off the Feb, and May highs (~100.50), it reversed course and finished below Wednesday's low (~99.40) to post a potential key downside reversal. It has bounced back to around 99.60. There may be scope for additional gains into the 99.80-100.00 area. The Federal Reserve targets the headline PCE deflator, but the thunder is stolen by the CPI and PPI. The PCE rarely surprises outside of a rounding adjustment. The April PCE deflators is seen rising by 0.1% for a 2.2% year-over-year pace. Last year's low was 2.1%, which was the lowest since February 2021. The core is expected to rise 0.1% for a 2.5% year-over-year pace, down from 2.6% in March. It has not been lower for a little more than four years. Personal consumption itself may slow to 0.2% (from 0.7% in March). Separately, the goods trade deficit is expected to have narrowed by about $20 bln in last month but at $143 bln remains elevated. Recall that the Q1 average was a little more than $155 bln and last year's monthly average goods deficit was about $100.2 bln. Some of the imports likely still made their way into inventories, and wholesale inventories are expected to have matched March's 0.4% increase. We expect the final University of Michigan's consumer survey to be revised higher from the preliminary as more responses after the 90-day cooling off/negotiating period with China was agreed will be incorporated. The US May employment report is next week's US data highlight. The median forecast in Bloomberg's survey is for 130k increase in nonfarm payrolls. The average in the first four months of the year was 144k compared with 176k in the Jan-Apr period last year. EURO: The euro posted a potential key upside reversal yesterday. It was sold to an eight-day low of $1.1210 before it rebounded to $1.1385 and settled above Wednesday's high. It drew a little closer to $1.1400 today but has met sellers that took it back to almost $1.1320. Price pressures are subsiding in the eurozone. France reported its May CPI earlier this week and the EU harmonized year-over-year pace slowed 0.6%. Spain's eased to 1.9% from 2.2%. Italy's slipped to 1.9% from 2.0%. German states reported stickier CPI, and the national figure will be reported shortly. It may be little changed from 2.2%. The aggregate report is due next Tuesday, but the highlight of the week is the ECB meeting on June 5. The market is confident that another quarter point cut will be delivered to bring the deposit rate to 2.0%. However, the ECB is likely to pause. The swaps market has one more cut fully discounted in H2. CNY: The dollar briefly breached the 20-day moving average (~CNH7.2060) against the offshore yuan yesterday for the first time since April 23. It was subsequently sold to a new session low near CNH7.1825, which was below Wednesday's low. Still, it managed to settle inside Wednesday's range. It is hovering near CNH7.20 now. After setting the dollar's fix higher for the past three sessions, the PBOC set it lower today (CNY7.1848 vs. CNY7.1894 Thursday). China will report its May PMI tomorrow. Both the manufacturing and non-manufacturing components are expected to have ticked higher but are unlikely to put Beijing's collective mind to rest that its 5% GDP target is secure. JPY: The dollar initially jumped to almost JPY146.30 on news of the trade court ruling against the Trump administration, which met the (61.8%) retracement objective of the dollar's drop since seeing JPY148.65 on May 12. It was sold down to nearly JPY144 in the North American session, and to JPY143.45 today. This week's low near JPY142.10, which is also the month's low. It was a busy day for Japanese macro data. In a nutshell, here is what we learned. The labor market was steady (2.5% unemployment 1.26 job-applicant ratio unchanged from March). Industrial output dropped 0.9% (rather than -1.4% as the median forecast anticipated), leaving. Retail sales rose 0.5% in April after falling 1.2% in March. That means in the first four months of the year, Japanese retail sales rose at an annualized rate of about 2.7%. In the Jan-Apr 2024, Japanese retail sales rose at an annualized rate of 5.1%. Meanwhile, Tokyo's May CPI remained elevated. The headline was unchanged at 3.4%. The core measure that excludes fresh food ticked up to 3.6% from 3.4%, and the measure that excludes both fresh food and energy rose to 3.3%, which is its highest level since the end of 2023. The swaps market is pricing in about 17 bp of tightening this year, virtually unchanged since the end of April, and down from 30 bp at the end of March. GBP: Sterling's initial drop yesterday saw it meet the (38.2%) retracement of its advance since the $1.3140 low was recorded on May 12. It recovered from about $1.3415 to rise above $1.3500 where it stalled in North America. It rose a little further today but has pulled back to around $1.3455. Sterling has risen 1.0% this month, its fourth consecutive monthly advance. As we have noted, at the end of the year, the swaps market is pricing a 3.83% base rate, which is about 30 bp higher than a month ago. While this has appeared to help sterling, the correlation between changes in the exchange rate is twice as strong with the Dollar Index itself. Over the past 30 sessions, the correlation with changes in sterling and the one-year yield is about 0.45, while it is 0.88 with the Dollar Index. The correlation over the past 60 sessions is around 0.30 and 0.80, respectively. CAD: The US dollar traded on both sides of Wednesday's trade range, but the close within the range neutralized the technical implications. Still, the greenback's upside was stalled slightly beyond the (50%) retracement of the leg down from the May 12 high (~CAD1.4015) and in front of the 20-day moving average (~CAD1.3870). A move above CAD1.3900 lifts the US dollar's technical tone. It is consolidating quietly today between about CAD!.3800 and CAD1.3830. Canada reports Q1 GDP today. The Canadian economy is expected to have grown by 1.7% at an annualized rate down from 2.6% in Q4 24. It is difficult to go from the monthly GDP print to the quarterly estimate. In Q4 24, the cumulative monthly GDP prints added up to 0.4%. With 0.1% growth in March, which is what the median forecast in Bloomberg's survey anticipates, the cumulative monthly GDP prints would be 0.3%. Economists are pessimistic for this quarter, and the median forecast in Bloomberg's survey is for a small contraction (0.6%, at a seasonally adjusted annual rate) and a flat Q3. The Bank of Canada meets next week, and after the higher underlying inflation readings last week, the market has cut the odds of a rate cut to about 25%. It had been near 68% before the CPI. AUD: The Australian dollar found bids ahead of $0.6400 that carried it to $0.6460 amid the general pullback in the US dollar. That met the (38.2%) retracement objective of the sell-off from the year's high set Monday (~$0.6535) to yesterday's low. However, it remains within its well-worn range so far today between about $0.6410 and $0.6455. The next retracement (50%) is slightly above $0.6470, but the $0.6500 area is the real nemesis. It traded about it four times in May without closing above it once. Australian data disappointed today. April building approvals had been expected to rise by 3% but fell by -5.7%. Retail sales fell by 0.1% rather than rise by 0.3%, as was expected. The exception to the disappointment was the 0.7% increase in public sector credit (05% expected). The odds of a July rate cut edged up to about 67% from about 60%. Australia reports Q1 GDP next week and the median forecast in Bloomberg's survey is for a 0.5% expansion (quarter-over-quarter). MXN: The peso snapped a three-day decline yesterday, which matches the longs decline since the end of March. It rose by about 0.35% against the US dollar. The greenback approached the 20-day moving average (~MXN19.4330) but has not settled above it since mid-April. The dollar is holding barely above yesterday's low (~MXN19.2925) in quiet turnover. Mexico reports April's unemployment rate today. It is expected to rise from 2.22% to 2.55%. It was at 2.61% in April 2024 and 2.82% in April 2023. On Sunday, Mexico is to vote for its federal judges. There are reportedly nearly 3400 candidates vying for about 880 positions, and nearly all campaigning was banned. Next week's data highlights include worker remittances and May domestic vehicle sales, not typically market movers. Disclaimer

EIGEN is trending, and bulls are confident despite the sell-off. As the EigenLayer TVL expands, adding 41% in one month, will EIGENUSDT break $5 in the coming months? The total crypto market cap is down nearly 5% to $3.44 trillion. Although Bitcoin remains the most dominant, controlling over 60% of the market share, it has trended lower, trading below $106,000 at spot rates. This drop means the most valuable coin is down 5% in the past week but still outperforms XRP and Dogecoin (DOGE), down 10% and 16%, respectively. Despite this firmness and potential weakness that could trickle down the market, EigenLayer, the liquidity restaking platform, is among the best cryptos to consider buying, after dominating trends in the past 24 hours. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now EIGEN Jumps 15% Before Dropping Data from Coingecko reveals that EIGEN, the native token, surged 15%, breaking above a key liquidation level before dropping. By breaking higher, EIGEN not only stretched gains against Ethereum and Bitcoin but also cemented its role in DeFi. However, this spike was short-lived as prices tanked after bears stepped up earlier today. Most DeFi tokens also sold off. (Source) As of May 30, EigenLayer manages over $11.15 billion in assets, predominantly on Ethereum, and is the third-largest DeFi protocol, trailing only Aave and Lido. In the last month alone, its TVL grew by over 41%, according to DeFiLlama data. (Source) EigenLayer Trending: What’s Going On? While this is impressive, EigenLayer is trending and helping improve sentiment and interest in some of the best new cryptocurrencies to invest in 2025. Yesterday, the founder of EigenLayer, Sreeram Kannan, confirmed changes in how slashing penalties will be handled. This announcement will likely unlock a new class of financial applications, which may further propel EIGEN to Q4 2024 highs. Slashing officially went live on EigenLayer on April 17, and immediately after, Infura and LayerZero integrated slashing for their Actively Validated Services (AVSs). The release of the slashing feature officially made EigenLayer “complete,” allowing the protocol to automatically enforce accountability for operators and stakers. Validators and key EigenLayer operators who fail to perform as required, for example, by not maintaining high node reliability, are penalized for poor performance. Moreover, validators and operators engaged in malicious behavior are subject to slashing. While attractive, slashing includes an opt-in feature, meaning stakers and other key players must choose to participate in slashable conditions. A “unique stake allocation” feature was also introduced to isolate slashing risks to specific AVSs, reducing overall systemic risks. DISCOVER: 20+ Next Crypto to Explode in 2025 A New Era of Supercharged Growth? Will EIGENUSDT Retest $5? Following the May 28 announcement, EigenLayer plans to distribute slashed funds to AVSs complaints on top of the protocol rather than burn them. Burning, as seen in Ethereum and BNB Chain, could reduce inflation. In EigenLayer’s case, the distribution could fuel growth, boosting demand for EIGEN. It remains to be seen how quickly developers and AVSs will build new financial dApps on the platform. However, when they do, they will be secured by ETH locked on the mainnet. For now, EIGEN is trading above $1.5. Any surge confirming the breakout on May 29 could trigger a lift to $2 and later $5 in a buy trend continuation formation. (EIGENUSDT) Partnerships with Lombard Capital, bringing Bitcoin restaking to EigenLayer, and new products leveraging the restaking liquidity layer will likely fuel growth. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 EigenLayer EIGEN Trending After Key Slashing Announcement EIGEN trending, holds firm above $1.5 EigenLayer cements its place as a top DeFi protocol with over $11.15 billion in TVL DeFi protocol to begin distributing slashing funds Will EIGENUSDT soar to $5 and retest 2024 highs? The post EigenLayer Dominates Trends Despite DeFi Sell-Off: What’s Going On? appeared first on 99Bitcoins.

In a move that feels like the end of an era, the Securities and Exchange Commission has officially dropped its lawsuit against Binance and founder Changpeng Zhao. The Binance lawsuit was one of the last major battles left from the government’s earlier crackdown on crypto, and now it’s over. Just like that. How We Got Here Back in 2023, the SEC came out swinging. They accused Binance of all kinds of shady behavior, things like faking trading volume, letting Americans use platforms they weren’t supposed to, and offering crypto tokens that the agency said should have been registered as securities. On top of that, they said the company was mixing up customer funds in ways that could put people’s money at risk. NEW: The @SECGov and @binance have filed a joint stipulation seeking a dismissal in the agency’s ongoing litigation against the exchange. pic.twitter.com/CiNNbi6WeX — Eleanor Terrett (@EleanorTerrett) May 29, 2025 It wasn’t Binance’s only headache. The Department of Justice also came knocking, and it led to a massive $4.3 billion settlement. CZ stepped down as CEO, paid a $50 million fine, and agreed to some pretty strict conditions, but he kept control of the company. So while the SEC case was still alive, a lot had already gone down. Lawsuit? What Lawsuit? Fast forward to May 29, 2025, and the SEC suddenly decided to end the whole thing. The agency filed a motion to dismiss the case “with prejudice,” which is legal speak for “we’re not coming back to this.” The filing didn’t offer much in terms of explanation, just that the SEC made the call after reviewing everything. It’s a quiet ending for a very loud case. No fireworks, no courtroom drama, just a legal document that says, in effect, “we’re done here.” DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Why It Matters This isn’t just about Binance. It’s about what kind of future crypto is going to have in the United States. The SEC used to take a very hard stance, go after the biggest players, make examples out of them, and send a message to everyone else. Now, that playbook seems to be going into storage. - Price Market Cap - - - 24h 7d 30d 1y All Time Log Since Trump returned to the White House, things have been changing. His administration has pushed for clearer rules instead of just hitting companies with lawsuits. SEC Chairman Paul Atkins, who was brought in under Trump, has been much more open to working with the crypto industry rather than trying to shut it down. And this isn’t the first case to disappear. The SEC also dropped its suit against Coinbase earlier this year. So this is starting to look like a pattern. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now So What Now? For Binance, this clears a major roadblock. The company still has some work to do to rebuild trust, but legally, this is a huge weight off their shoulders. For the crypto space in general, this feels like the pressure’s finally easing up. Whether you’re a developer, investor, or just someone curious about crypto, the message is simple: the storm might be over. Now it’s time to figure out what comes next, hopefully with a little less drama. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The SEC has officially dropped its lawsuit against Binance and CEO Changpeng Zhao, ending one of crypto’s most high-profile legal battles. The case involved serious allegations, including manipulation of trading volume, misuse of customer funds, and offering unregistered securities. The decision to dismiss the case follows Binance’s prior $4.3 billion DOJ settlement and CZ’s resignation as CEO in 2023. Under Trump’s administration, the SEC has softened its stance, favoring cooperation over confrontation with crypto companies. This is the second major case dropped in 2025, suggesting a broader rollback of aggressive crypto enforcement in the U.S. The post Binance Beats the SEC as Lawsuit Quietly Disappears appeared first on 99Bitcoins.

BlackRock’s iShares Bitcoin Trust (IBIT) is closing out May with a bang. The BlackRock Bitcoin ETF brought in over $6.2 billion this month alone, setting a new personal best. That’s not just a strong month, it’s the strongest since IBIT launched, and it didn’t launch that long ago. Day After Day, Money Keeps Pouring In If you looked at IBIT’s inflows recently, you’d think someone left the faucet running. The fund saw net inflows on 30 out of 31 trading days in May. Just on May 28, it pulled in $481 million. That kind of consistency is rare in any investment space, especially one known for its volatility like crypto. Source: Farside Since its debut in January 2024, IBIT has moved fast. It now holds more than $72 billion in assets, placing it among the top 25 largest ETFs in the world. To put that in perspective, the next youngest fund in that top group has been around for more than a decade. IBIT just passed its first birthday. Why Is Everyone Jumping In? Several things are working in IBIT’s favor right now. For one, institutional investors have finally warmed up to crypto in a big way. Funds, banks, and even traditional asset managers are starting to treat Bitcoin as a serious part of the financial ecosystem. It’s not just a curiosity anymore. Another nearly *$500mil* into iShares Bitcoin ETF… Starting to get ridiculous. Inflows 30 of past 31 days. Nearly $9.5bil in new $$$. IBIT comfortably in top 5 ETFs by inflows this year (out of 4,200+ ETFs). — Nate Geraci (@NateGeraci) May 29, 2025 Another factor is the current U.S. political climate. With clearer rules and a friendlier tone from regulators, the crypto space feels less like the Wild West. Investors are still cautious, but they’re not frozen with uncertainty like they were a couple of years ago. - Price Market Cap - - - 24h 7d 30d 1y All Time Log And then there’s Bitcoin itself. The price recently hit an all-time high of over $112,000. That kind of momentum tends to attract attention, especially when more people can access it through vehicles like ETFs instead of going through crypto exchanges directly. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 IBIT Is Leading the Pack There are multiple Bitcoin ETFs in the U.S. now, but BlackRock’s IBIT is running ahead of the crowd. During a recent 10-day streak, IBIT pulled in 96 percent of all new money flowing into spot Bitcoin ETFs. Altogether, the U.S. Bitcoin ETF market brought in more than $9 billion over the past five weeks. At the same time, gold funds saw over $2.8 billion in outflows. It’s clear that some investors are trading in their gold for digital gold. That doesn’t mean everyone’s on board, but the trend is hard to miss. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Where Things Go From Here IBIT’s massive growth is part of a bigger story. Crypto is becoming more integrated into mainstream finance, not just for tech-savvy traders but for everyday retirement accounts and institutions too. Still, this is crypto we’re talking about. Things can change quickly. Prices swing. Regulations shift. Investors looking to jump in now should still do their homework and be ready for a bumpy ride. For now, though, IBIT’s performance shows that Bitcoin is no longer standing outside the gates of traditional finance. With billions flowing into the BlackRock Bitcoin ETF, it’s clear that Bitcoin is being taken seriously on Wall Street. It’s pulling up a seat at the table, and apparently, it brought friends. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $6.2 billion in May, its highest monthly inflow since launch. The fund recorded inflows on 30 out of 31 trading days in May, signaling sustained investor confidence in Bitcoin exposure. IBIT now holds over $72 billion in assets, making it one of the 25 largest ETFs globally despite launching just last year. Institutional investors and favorable U.S. regulatory signals are contributing to IBIT’s rapid growth and appeal. During a recent 10-day stretch, IBIT accounted for 96 percent of all inflows into U.S. spot Bitcoin ETFs. The post BlackRock’s Bitcoin ETF Breaks Records with $6.2B May Inflows appeared first on 99Bitcoins.

Log in to today's North American session recap - May 29, 2025 The US dollar gave back the lead it accumulated throughout the beginning of the week as it went through a volatile seesaw. The DXY gapped up with the most recent "Trump Taco" headlines, as the US Federal Court canceled the president's plan to impose tariffs on all imports. The dollar index consequently dropped to levels last seen at the end of last week. You can take a look at our latest DXY intra-day analysis here. There wasn't much in terms of Economic calendar releases throughout the session apart from a miss in the Jobless Claims. The data came in at 240K vs 230K expected, though markets may really worry if the data consistently comes in above 260K. There will be more earnings releases after the close including Costco, expected at $4.25 EPS and Dell, expected at $1.69. Bitcoin extended its losses and is finishing the day below the mark of $106,000, down 1.92% on the day. Access to a deeper technical analysis for the BTC right here. US Oil retraced yesterday's rally and is coming back towards the low of its $60.5 to $64 range, as the commodity rejected the highest levels since last Wednesday. WTI touched $63.47 but is finishing the day down 1.57%, at around $61.2. A picture of today's performance for major currencies close Currency Performance, May 29 - Source: OANDA Labs /media/images/Screenshot_2025-05-29_at_4.52.56PM.width-1400.png European currencies, having lagged throughout the beginning of the week, enjoyed from the weakness in the US Dollar. The Euro is on top of majors today, up 0.69% and followed by the CHF and JPY both up 0.42% vs the USD. All majors enjoyed from the fall in the dollar today, with only the NZD which had quite a strong performance finishing the day close to equal with the USD. The RBNZ recently cut rates by 25 bps but announced a slower pace of cuts ahead. Gold also enjoyed from the broad USD weakness coming back towards its weekly highs. The precious metal is trading at $3,341 up 0.60% on the day. Economic Calendar for the May 30th Session close MarketPulse Economic Calendar for May 29 and May 30th, 2025 (click to enlarge) /media/images/Screenshot_2025-05-29_at_5.00.32PM.width-1400.png The N.A session is coming to a close although there is still the Japan CPI expected to release at 19:30 E.T. Japan’s CPI could also act as a catalyst for volatility, especially if the data surprises to the upside. A stronger-than-expected print may pressure the Bank of Japan to accelerate its policy shift. For now, no major moves are anticipated from the central bank until October. The year-over-year figure is forecast at 3.5%. Friday will also be massive in terms of Economic Data release. Overnight, there will be the release of German Retails sales but all eyes will be on the German CPI expected at 2.1% Y/Y, releasing at 8:00 A.M. North-American data release will be starting at 8:30 with US Core PCE Data and Canada Q1 GDP numbers at the same time. Expect movement as the FED and markets players are all expecting to see how the data unfolds from tariff effects. 10:00 A.M. will also be important with the release of University of Michigan Consumer Confidence - look at inflation expectations as the theme of inflation is coming right back to move markets. You may also consider the Chinese PMI data with the releases of Manufacturing expected at 49.5 and Non-Manufacturing expected at 50.6. We will see if there has been a lot of change with the rewiring of production since Trump's tariffs. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Six months into the job, British Columbia’s Critical Minerals Minister Jagrup Brar says major mine permitting timelines have narrowed by over a third, as new mining rules are set to hasten new applications. The government is to test its new parallel-review process in BC’s northwestern ‘Golden Triangle’ region, Premier David Eby announced on Monday. The framework seeks to boost critical-mineral output and support community development. This will happen through agreements with First Nations that are based on consent. MABC maps opportunities for British Columbia as a global player in critical minerals markets “We have made significant progress while not compromising reconciliation, not compromising the integrity of the environmental assessment,” Brar told The Northern Miner. Amendments to both the Mineral Tenure Act (MTA) and the Environmental Assessment Act came into force on March 26, introducing a new Mineral Claims Consultation Framework. Under the new rules, staking applications trigger a 20-day response clock and cannot proceed to licensing until First Nations sign off. Running consultation in parallel with technical review speeds approvals without compromising data security, Brar said. The province has also driven down regional permit processing backlogs by 52% through adopting the same approach, Brar said. As far as the amendments affect First Nations, the changes require the ministry to send only an exploration company applicant’s name and claim location to affected First Nations. They must withhold all technical or exploration data to protect the prospectors’ confidential information. The province shares only the minimum information. This way, prospectors keep full control of their intellectual property. At the same time, First Nations can exercise their consultation rights, the minister said. It was a key concern among nervous prospectors during the court-mandated MTA rewrite process. “Let me be clear: we will not cut corners,” he said. There are high stakes to making permitting more efficient, according to the Mining Association of BC (MABC). A May 1 study from the MABC estimates 27 advanced projects could generate C$90 billion in economic activity. That includes C$41 billion in near-term investment, 35,000 jobs and C$12 billion in tax revenues, with long-term output of nearly C$1 trillion over several decades. It calls for urgent action on permitting delays to unlock that potential. Economic impact of mining projects in British Columbia valued at $65 billion, says MABC Mining strategy Eby’s wider, Golden Triangle-focused strategy promises more agreements with First Nations. It aims for a faster process to protect important watersheds and includes investments to help communities near new mines. The Golden Triangle sits along the Alaska border, down to Stewart and touches near Galore Creek on its northeast point. It includes producing operations such as Newmont’s (NYSE: NEM, TSX: NGT) Brucejack and Red Chris mines, as well as advanced projects like Ascot Resources’ (TSX: AOT) Premier site and Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM. Teck Resources (TSX: TECK.A/TECK.B, NYSE: TECK) also holds its Schaft Creek development joint venture with Copper Fox (TSXV: CUU). The plan also aims to align provincial and federal reviews – “one project, one review” – and to pursue trade agreements that prioritize BC’s minerals and metals, Brar said. The Association for Mineral Exploration called the strategy a “generational opportunity” in a May 26 news release. To supply critical minerals, the province needs efficient and timely permitting processes, it argued. “The province’s proposed strategy must quickly bring confidence and clarity with access to land for mineral exploration and development,” the 6,000-member-strong AME said. It calls for a more open and transparent process “that includes the mineral exploration sector at the table with government, First Nations and other partners.” Critical permits The minister frames faster approvals as important to meeting surging demand for critical minerals, boosting jobs and exports. Faster approvals will help diversify trade beyond tariff-hit US markets and supply materials for the green economy. Since 2017, mining jobs have risen by 10% to around 40,000 full-time roles. Also, mineral exports increased by 41% to nearly C$17 billion ($12.3 billion) in 2023, based on the minister’s data. The first group of about 12 major mine proponents will submit their mining applications by July. The minister expects final decisions on this initial group by the end of the year. Mines tour Brar has spent time visiting major mines and projects since taking office in November. He’s visited half the mines during the past six months. “My goal is to visit all the mines,” Brar said of site tours at Teck’s Highland Valley Copper, Hudbay Minerals’ (TSX, NYSE: HBM) Copper Mountain and Centerra Gold’s (TSX: CG; NYSE: CGAU) Mount Milligan. There he met neighbours and front-line workers “to hear their concerns” and seize what he called “a historic opportunity to make a positive change for people.”

Solana price analysis: Can bulls break above recent highs of $185? Year-to-date, 2025 has proven to be an interesting time for the crypto market, with Solana being no exception. Enjoying a period of bullish momentum bookmarked by Trump’s win in the election, seen as the pro-crypto candidate of choice, Solana not only rose to an all-time high just shy of $300 but overtook Binance Coin (BNB) to become the fifth-largest coin by market capitalization globally. close A chart showing the recent price action of SOLUSD. OANDA, 27/05/2024 /media/images/Solana-1.width-1400.png Currently trading at 179.38, a ~39% discount from all-time highs made in mid-January, the recent fall in Solana pricing has sparked interest amongst those looking for a buying opportunity. Notwithstanding, this decline in value is not exclusive to Solana, with much of the crypto space feeling the full force of waning market risk appetite. With a meteoric rise in crypto value still fresh in the collective memory, the $1,000,000 question becomes whether this phenomenon will continue in 2025, or whether general market risk aversion will bode negatively for crypto— Solana included. close A table showing the ten largest cryptocurrencies by market capitalization. CoinMarketCap, 05/27/2024. /media/images/Solana-CoinMarketCap.width-1400.png What’s next for Solana? SOLUSD: Technical analysis Moving averages: Currently, long-term moving averages such as the 100 and 200-period suggest bullish directional bias, with recent price action breaking above key levels of support. This suggests that Solana has found sustained buyer pressure in the medium to long-term, and should remain in a general uptrend should current momentum continue. Oscillators lean neutral to sell: Many of the most commonly used trading indicators currently lean towards either a neutral or bearish bias. The Relative Strength Index (RSI) and Stochastics currently or recently have Solana as ‘overbought.’ At the same time, the MACD shows a weakening bull trend, with the distance between the MACD and signal line narrowing. Increased US rate cut bets are also benefiting silver pricing, with markets increasingly anticipating two interest rate cuts in 2025 Key levels: At the time of writing, Solana trades rangebound between ~$165 and ~$184. Historically, this is a range where bull trends are either made or broken. A sustained break above this level would suggest further bullish momentum, while the opposite could impose further downside from January’s highs. SOLUSD: Fundamental analysis Surge in DEX trading volume: Recent data has shown a significant increase in Solana’s weekly decentralized trading volume (DEX), outperforming many other large-cap crypto coins. This growth in volume suggests higher levels of user activity, liquidity, and growing utility for the Solana network, which is encouraging for Solana in the medium to long term. Crypto strategic reserve: A pledge by Donald Trump as part of his 2024 campaign, Solana is included in the US government’s “Digital Asset Stockpile”. Once a crypto-sceptic, Trump has not only overseen the creation of a United States crypto reserve but also released his project on the Solana blockchain - the now-infamous $TRUMP coin. Although some, including Solana’s co-founder, have reservations about governmental endorsement of crypto, the short-term effects on Solana pricing have historically been positive. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

US Indices continued their recovery throughout May with another decent start to the trading week. The Nasdaq 100 is up 2.15% since Friday’s close. They are up through broadly unchanged on the day. Sentiment for this trading week has been broadly positive throughout the globe. Even as US cash markets were closed on Monday for Memorial Day, Equity Futures posted a rise without much retracement. A swift move up was made in the index after Nvidia beat high expectations on its earnings after the session close with an EPS coming at $0.96 vs $0.93 expected. Revenues came in at $44.1B vs $43.3B expected. More news came in with the "Taco Trump" headlines, as President Trump's infamous trade tariff policies got denied by the US Federal Court, having deemed that he "overstepped his authority" on his import taxes plan. Markets rallied further before retracing back to yesterday's close. Let's dive into a multi-timeframe technical analysis review of the NQ. Nasdaq 100 Technical Analysis Daily Timeframe close Nasdaq 100 Daily Chart, 2024 to May 28 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_4.17.54PM.width-1400.png 2025 has been volatile for all US Indices to say the least - as a matter of fact, it has been the same around the globe. The Nasdaq has led on the way up, with Trump’s erratic policy fears abated throughout the past two months. The recovery has been stellar, as we are now largely above the MA 200 and a bit shy of 3% from the all-time highs. The NQ is up more than 30% from its 4th of April Lows, marked at 16,335. 4H Timeframe close Nasdaq 100 4H Chart, May 28 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_4.00.55PM.width-1400.png NQ has been in an upwards channel since April 20. Momentum has been decent, with the MA 50 underpinning the consistent rise. However, after Moody's downgrade on the US Credit Rating on May 16th, US Indices went through a 3.70% correction, which calmed the rally. The Nasdaq has to break above 21,800 to pursue it's rise towards the all-time highs. The MA 50 is showing immediate support, currently at 21,243. Further support at the lows of the channel coincide with the 21,000 psychological level. 1H Timeframe close Nasdaq 100 1H Chart, May 28 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_3.52.50PM.width-1400.png NQ has formed a range after last Friday's lows. Prices have since retraced back up, made an extensive move then gave it back in today's afternoon session. Momentum has since flattened. The MA 200 is coinciding with the first support level, though being flat, confirms a flattening of momentum on the shorter timeframes. Resistance Levels: 21,500 (immediate resistance)21,700 to 21,730 - Fibonacci Extension 1.38222,000 - Psychological Level + 1.618 Fib Extension Confluence Support Levels:21,245 (MA 200 + Support confluence)21,03520,660 (Friday 23 Pivot) Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

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. https://open.spotify.com/episode/7Et4qsTDaKAcMgl1Mvrm4E?si=9c1d35f672324c63 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Uranium producer enCore Energy (NASDAQ: EU, TSXV: EU) said on Thursday it has received approval to include the Upper Spring Creek project under its existing radioactive materials license in South Texas. The license granted by the Texas Commission on Environmental Quality, which originally covered the company’s Rosita uranium project, has now been expanded to include the Brown Area of Upper Spring Creek. enCore is currently the only uranium producer in the United States. It operates the 100%-owned Rosita central processing plant (CPP) in South Texas as well as the Alta Mesa CPP in a joint venture with Boss Energy (ASX: BOE). The Texas regulatory approval marks enCore’s third permitted uranium facility in the state. According to the company, the expanded license in Texas would enable the construction of wellfields and a satellite ion exchange (IX) facility to feed the Rosita CPP. The license, which provides safety, material handling, record keeping and reporting protocols, will be up for renewal in 2032. The Rosita plant, located approximately 60 miles from Corpus Christi, Texas, where the company is headquartered, has a licensed capacity of 800,000 pounds of uranium oxide (U₃O₈) per year. enCore previously said it aims to reach full production capacity of just under 1 million pounds of U₃O₈ annually by mid-2025, and plans to triple production within three years. Future projects in its development pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. With the Texas license approval, the company said it has begun advancing development at Upper Spring Creek, with drilling rigs already mobilized to the site. Construction of the satellite IX plant’s concrete pad is expected to begin within 30 days, it added. The Upper Spring Creek project is located in the historic Clay West uranium district of South Texas. It had previously been licensed and permitted for ISR uranium recovery prior to enCore’s acquisition in December 2020. In its latest financial results, enCore reported a revenue increase to $58.3 million in 2024, up from $22.1 million the previous year. Despite the growth, the company posted a net loss of $68 million, compared to a $25.6 million loss in 2023.

Awalé Resources (TSXV: ARIC) has been given a C$8.26 million ($6 million) investment boost from Fortuna Mining (TSX: FVI; NYSE: FSM) to support its exploration activities in Côte d’Ivoire, sending its shares higher. In a press release Thursday, Awalé said Fortuna, which also operates in the African nation, will buy roughly 15 million of its shares at C$0.55 per share, for a premium of 19% to the stock’s 10-day volume-weighted average on the TSX Venture Exchange. The announcement sent Awalé’s shares 14% higher by midday in Toronto, trading at C$0.49 apiece for a market capitalization of approximately C$42.9 million ($31 million). At closing, Fortuna will own approximately 15% of Awalé’s shares, joining Newmont (TSX: NGT, NYSE: NEM) and Orecap Invest as the largest shareholders in the company. “We are extremely pleased to welcome Fortuna Mining as a strategic investor,” Awalé CEO Andrew Chubb said in a press release. “As an established and successful operator with a strong presence in West Africa and particularly in Côte d’Ivoire, Fortuna’s investment is a strong endorsement of our technical team, our exploration approach, and our clear vision for the Odienné district.” Odienné property Fortuna’s investment is expected to accelerate Awalé’s exploration on its 100%-owned Odienné property, encompassing seven permits and a total of 2,346 sq. km. The geological setting at Odienné is comparable to that of other significant iron oxide copper gold (IOCG) provinces globally, and could be host to the first major IOCG deposit in West Africa, the company said. The Odienné property was first explored in the mid-1990s by a joint venture between SODEMI and Randgold, which only completed sampling in certain areas. Awalé took over the project in 2017 and conducted its own exploration, including drilling. It later partnered with Newmont and formed an earn-in joint venture on two of the permits.

Bitcoin hasn't seen any concrete move since last week's all-time highs were hit. Consolidation above all-time highs is typically viewed as a strong signal for potential continuation. It indicates that the market is absorbing higher price levels, with increased trading activity reinforcing acceptance of the new range and paving the way for further upside. Although this acceptance is conditional to prices actually maintaining their newly formed range. Prices recently broke out of the steep ascending trendline that led Bitcoin to its most recent all-time highs, marked at $112,030 on Thursday May 22nd. Dive into a two timeframe technical analysis for the leading cryptocurrency. BTC Technical Analysis Bitcoin 4H Chart close BTC 4H Chart, May 29 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_11.11.42AM.width-1400.png Bitcoin has been on a stellar rise since April 2025 lows, coming from a low of $74,518 to new record highs. This rise was accompanied by the 4H MA 50 that kept underpinning prices - that same Moving Average just turned from support to resistance. We are still maintaining around the ATH range situated between $106,500 to $112,030. A break below the recent trendline may hint at a correction, though that would have to be accompanied by some selling momentum, which is not present in current price action. Some levels to watch for: Support Levels 106,350 to 107,500 - Immediate Support Zone102,000 to 104,00097,000 to 98,500 - Confluence with MA 20092,000 to 93,500Resistance Levels 108,600 - Mid-way between MA 20 and 50110,500 to 112,030 - Key ATH Resistance115,000 to 117,000 - Fibonacci Extension potential resistanceLet's take a further look with the 1H chart. Bitcoin 1H Chart close BTC 1H Chart, May 29 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_11.36.52AM.width-1400.png A deeper look into shorter timeframes allows to monitor what moves are building. We can observe that the downmove from yesterday established the break below the steep uptrend from April Lows, and that a downwards trendline has been formed as an immediate resistance. There is the potential for a Bull Flag which would materialize if we break above the downwards trendline and this is a possibility as long as we hold the aforementioned Immediate Support Zone Both the MA 50 and 200 are acting as resistance for now therefore prices would also have to break above. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Frontier Lithium (TSXV: FL) said a definitive feasibility study for the C$943 million capex PAK project in northern Ontario boosted reserves by 37%. The study, which calculates a net present value of C$932 million based on a discount rate of 8%, provides a “robust basis” for Frontier to target a final investment decision within two years, according to a statement issued Thursday. Frontier is making progress on project financing and has started the permitting process, which should also be completed by mid-2027. Frontier is working with Mitsubishi to develop PAK, which is located more than 1,400 km northwest of Toronto, near the Manitoba-Ontario border. The Japanese conglomerate last year agreed to invest an initial C$25 million for a 7.5% stake in a Frontier subsidiary with an option to increase to 25% after the definitive feasibility study, Frontier CEO Trevor Walker said at the time. The feasibility study “is a key milestone that builds the confidence to advance permitting, infrastructure, and strategic partnerships,” Walker said in Thursday’s release. “With strong projected economics, low costs and long-term earnings, the project could drive self-funded future growth and support Canada’s critical minerals strategy.” The 280-sq.-km project has proven and probable reserves of 31.1 million tonnes at 1.51% lithium oxide, a 37% increase over the company’s 2023 pre-feasibility study, Frontier said Thursday. The maiden inferred resource at the Bolt deposit is 5.5 million tonnes at 1.23%. Three deposits Frontier has identified three high-quality spodumene-bearing deposits — PAK, Spark, and Bolt — within 3 km of each other. Ongoing exploration has also led to the discovery of two additional spodumene-bearing pegmatites, Ember and Pennock, which both lie within the broader project area. PAK is located within the traditional territory of four First Nations. All deposits remain open at depth and with the recent Ember pegmatite discovery, located 1 km north of the Spark deposit. This further highlights the ongoing exploration upside and broader regional potential, Frontier said. PAK’s average annual pre-tax earnings are expected to be C$285 million in steady-state operations, leading to an after-tax internal rate of return of 17.9%, Frontier said. After-tax cash flow for the life of the project is now estimated at C$5.14 billion. All-in sustaining costs should amount to C$624 per tonne of spodumene concentrate, Frontier said. Annual concentrate output from the mine and mill is projected to average 200,000 tonnes over a 31-year mine life, resulting in total production of 6.1 million tonnes. Sustaining capital is forecast at C$137 million and closure capital at C$60 million. Tax revenue PAK is projected to generate more than C$1 billion in federal tax revenue over the life of the project, as well as C$699 million in provincial revenue, Frontier said. More than 230 jobs will be created at the site and sustained for the life of the project, according to the company. In March, Canada’s then natural resources minister Jonathan Wilkinson unveiled C$120 million in federal support – to be matched by a similar amount from Ontario – for PAK. The funds are slated for a new road and bridge to access the project in the province’s northwest. The announcement came after the federal government C$500 million in infrastructure spending for new applications. Frontier shares rose 1.9% to C$0.54 in Toronto Stock Exchange trading Thursday morning, giving the company a market capitalization of about C$123 million. The stock has ranged between C$0.38 and C$0.87 in the past year.

Gold prices returned above $3,300 an ounce on Thursday as the market assesses the implications of a court ruling that blocked most of US President Donald Trump’s tariffs. Spot gold rose 0.6% to $3,307.79 an ounce as of 10:40 a.m. ET, having fallen to as low as $3,245.90 after the Asian markets opened. Three-month gold futures in New York also recovered, up 1.1% at $3,332.80 an ounce. Live Gold Price Chart and Real-Time Updates Bullion initially fell after the US Court of International Trade deemed many of Trump’s tariffs to be illegal on Wednesday, drawing investors toward risk-on assets and away from the safe-haven metal. While the Trump administration filed a notice to appeal the ruling, the US Supreme Court may ultimately have the final say. In addition, strong tech earnings from Nvidia after the bell on Wednesday saw an acceleration of risk appetite returning to Wall Street — which piled on the bearish headwinds for gold. “The news out of the US could see some significant downside for gold in the sessions ahead as haven trades are pulled,” said Nick Twidale, chief market analyst at AT Global Markets in Sydney. “The longer-term trend is still in place so we will find some bargain hunters at some point in the day.” That proved to be the case, with gold rebounding from a one-week low at Thursday’s open. The rally was aided by new US data that showed an easing labour market, with weekly jobless claims rising by more than expected. “Gold is rallying on a jump in weekly initial jobless claims which could be a harbinger of a weakening labor market, which would get the Federal Reserve to cut (interest rates) more quickly,” said Tai Wong, an independent metals trader. Market focus is now on the US personal consumption expenditures data due Friday, which will be closely analyzed for signals on future monetary policy. “Equally impressive is gold’s sharp recovery overnight, (with the market) deciding that Trump will ultimately prevail against the trade court’s ruling,” Wong said. Goldman says buy more gold In light of rising uncertainty surrounding US institutional credibility, analysts at Goldman Sachs have urged investors to buy more gold as a long-term hedge. “Following the recent failure of US bonds to protect against equity downside and the rapid rise in US borrowing costs, investors seek protection for equity-bond portfolios,” the bank’s analysts wrote in a note on Wednesday. “During any 12-month period when real returns were negative for both stocks and bonds, either oil or gold have delivered positive real returns.” In their note, the analysts recommended a higher-than-usual allocation to bullion given the potential risk of a sustained selloff in both US bonds and equities should investors lose faith in American assets and the institutions backing them. Gold price may have peaked at $3,500 for now, says BofA commodities head As the bullion market is small relative to other major asset classes, “even a small diversification step out of US fixed income or risk assets could cause the next giant leap for gold prices,” the analysts wrote. So far this year, gold has risen by more than a quarter amid the market chaos unleashed by Trump’s aggressive trade policy. Last month, it set a new all-time high of $3,500.05 an ounce.

There has been some violent moves around markets since yesterday's North-American session close. Between the misstep in Nvidia’s earnings release and renewed political tensions in the U.S, markets had plenty of fuel for volatility across the board. The USD gapped up on the news that the US Federal Court blocked the Trump's sweeping tariff policy - though volatility induces more volatility and the dollar is now the weakest currency on the day. Trying to make sense of these moves - USD Chart close DXY 1H Chart, May 29, 2025. Source: TradingView /media/images/Screenshot_2025-05-29_at_9.51.31AM.width-1400.png The Dollar has had some wild swings to pursue the year’s theme. The US Federal Court decision greatly appreciated the USD, supplemented with a beat in Nvidia Earnings. US Index Futures rallied massively, and other major currencies initially took a beating. A broader theme of lack of confidence in the US led to some profit (or loss) booking of positions and the market selling this news. As observed on the charts, the markets rejected last week's highs situated around the 100.50 level and quickly retested the 100.00 key level. A market that has been downtrending may retest prices as a trend reverses, and this would have been a healthy gap close if the market did not reverse much further. The DXY opened up 0.66% and is now down -0.44%. The rejection got exacerbated by US Weekly Jobless Claims that came in weaker than expected (240K actual vs 230K exp) and other currencies are now enjoying from a break off USD Strength, with the Euro leading the charge. Next support is at 99.20 to 99.30, about 100 pips away. A return towards the MA 200 would eye at 99.70 and further reversal of the move down would hint at another retest of the 100.00 level. DXY is trading around 99.45 right now and markets showed a indecision doji at the last hour. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

A US federal court has frozen approximately $57.65 million worth of USDC stablecoins in connection with a class action lawsuit linked to the LIBRA token scam that took place a couple of months ago. On 28 May 2025, the US District Court for the Southern District of New York issued a Temporary Restraining Order that froze the assets. The amount will remain frozen till June 9th, when a hearing is scheduled to determine if the freeze will remain in effect while the lawsuit proceeds. Circle’s multi-sig freeze authority froze two Solana wallets in connection with the LIBRA deployer and project team as part of the ongoing lawsuit filed by the New York-based law firm Burwick. As a part of the lawsuit, numerous LIBRA investors are suing Kelsier Ventures, a crypto firm, along with its co-founders, Gideon, Thomas, and Hayden Davis. ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLE Two Libra accounts have just been frozen by Circle, including the Libra deployer wallet. These accounts contained a combined $57M in USDC which is now immobile. pic.twitter.com/HpmaM5HwVJ — Arkham (@arkham) May 28, 2025 Other defendants in this case include Benjamin Chow, the co-founder of Meteora, a Solana-based DeFi platform; Julian Peh of KIP Protocol, a decentralised AI framework focused on digital property rights; and other organisations involved in the marketing of the LIBRA token. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Background on the Lawsuit The LIBRA memecoin attracted attention after a post on X by Argentinian President Javier Milei on 14 February 2025. The token was advertised as a means to fund small businesses in Argentina. Within an hour of Milei’s advertisement on X, the LIBRA token’s value surged from a few cents to $5, and its market cap surged to $4 billion, only to crash by 94% within hours. Reportedly, insiders controlling more than 70% of the supply dumped large amounts, sending the LIBRA token’s value spiralling downwards. This sparked a political outrage in Argentina, with members of the opposition calling for Milei’s impeachment. Although the movement failed to gather momentum, a poll conducted in March 2025 by Zuban Córdoba suggested that the scandal harmed Milei’s approval rating and public image. Burwick filed the lawsuit on 17 March 2025, alleging that the defendants launched the LIBRA cryptocurrency and deceived investors, ultimately misappropriating over $150 million while investors lost over $250 million. Solscan, a blockchain explorer for Solana, disclosed data showcasing that the authorities froze approximately $44.59 million in stablecoins at the address 3Fwr…ZQpK, while someone locked more than $13 million from the wallet 3nHw…xNgH. The asset freeze indicates that the US courts are ready to intervene to mitigate further losses and to ensure potential compensation for the victims. If successful, this case could set a new precedent and hold crypto founders and promoters accountable for misleading investors and fueling speculative hype cycles. Explore: Top 20 Crypto to Buy in May 2025 Milei Shuts Down LIBRA Token Investigation On 19 May 2025, Milei signed a decree to disband the investigative task force probing the LIBRA scandal. Notably, authorities have not brought any charges against Milei or any other Argentinian officials linked to the controversy. Itai Hagman, a member of the Chamber of Deputies of Argentina, said, “It was always a fake, they never dared to investigate anything at all, and they’re covering each other up because they’re completely up to their necks in it.” So far, the only explanation provided by the authorities for disbanding the task force is that it had fulfilled its assigned function. Explore: Best New Cryptocurrencies to Invest in 2025 Key Takeaways A U.S. federal court has frozen $57.65M in USDC amid a class action lawsuit over the LIBRA token scam The funds stay frozen until June 9th, pending a hearing on whether the freeze continues during the lawsuit LIBRA investors are suing Kelsier Ventures, a crypto firm, along with its co-founders, Gideon, Thomas, and Hayden Davis The post US Court Blocks $57M in USDC Amid LIBRA Token Controversy appeared first on 99Bitcoins.

There’s a new sheriff in town—or at least that’s how Vice President JD Vance framed it from the main stage at Bitcoin 2025 in Las Vegas. In a packed ballroom at The Venetian, the Republican VP laid out the clearest message yet from the Trump administration: the days of what he called “regulatory harassment” are over. “Operation Choke Point 2.0 is dead,” Vance announced to roaring applause. “Let my words serve as its obituary.” Vice President JD Vance Delivers Remarks at Bitcoin 2025 Conference at Las Vegas, NV https://t.co/m2IIVUS1j4 — Vice President JD Vance (@VP) May 28, 2025 JD Vance became the first U.S. vice president to address a crypto-focused crowd—and used the platform to rip into SEC overreach, elevate blockchain to national priority status, and make it clear: the White House is backing Bitcoin, not backing off. “We reject regulators, and we fired Gary Gensler,” he said, hammering the very agency that’s spent the last four years tangling with Coinbase, Ripple, Uniswap, and just about every major protocol with a legal team. JD Vance Bitcoin Pushes GENESIS Act, Signals Trump Administration’s Full Embrace of Crypto Vance framed crypto as the backbone of a new economic agenda. From supply chains to digital transparency, he highlighted blockchain’s expanding reach. But the sharpest moment came when he cited Canada’s financial crackdown during the trucker protests as a warning of centralized control. “Crypto is good for bad policy,” he said, “regardless of who’s in power.” But perhaps the most significant takeaway was the push for the GENESIS Act, new legislation aimed at defining digital asset protections and freeing up crypto innovation across the U.S. “We’re trying to get the GENESIS Act passed and pushed as fast as possible,” Vance said. Whether Vance’s support translates into lasting policy remains to be seen. There’s no denying crypto played a powerful role in the 2024 election, and his appearance felt as much about political calculus as conviction. If the money keeps flowing, expect Republicans to keep showing up. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Meta is cautiously stepping back into the crypto space, and SUI crypto might be a top candidate Meta is once again exploring the realm of digital currencies, this time with a focus on stablecoins. The post JD Vance Declares War on Anti-Crypto Bureaucracy at Bitcoin 2025 appeared first on 99Bitcoins.

Glencore (LON: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructure, laying the groundwork for a future mega-merger with a rival mining heavyweight. The move, disclosed by the Australian Financial Review, means the total assets held by Glencore’s Australian entity have doubled to $42 billion. The shift required $3.8 billion in internal cash transfers and $614 million in intra-company share issuances to facilitate the asset migration. The restructure consolidates coal mines in Canada, South Africa and Colombia, a major copper project in Argentina, and South African manganese, chrome and vanadium operations under Glencore Investment Pty Ltd, its Australia-based entity. The strategic transfer of assets to Glencore’s Australian entity likely signals more than just operational streamlining. Investors say it positions the company squarely for a future merger. By centralizing key assets in a single jurisdiction, which is close to Asian markets, Glencore creates a more attractive and simplified structure for potential partners – or a mega-merger. “Glencore coal assets would trade at a much higher multiple in Australia than London. There won’t be much reason to go to London other than cricket if Glencore and Anglo get knocked off,” Ben Cleary, a portfolio manager at Tribeca Investment Partners, told AFR. Market observers noted the asset realignment follows months of behind-the-scenes discussions with Rio Tinto (ASX, LON: RIO), marking a dramatic shift in tone from earlier failed efforts. In 2014, Rio rejected a merger proposal outright, sparking a very public standoff between then-CEO Ivan Glasenberg and Rio’s leadership. But Glencore’s 2024 outreach met a warmer reception. Outgoing Rio chief Jakob Stausholm remained hesitant, but several senior executives, one of whom may succeed him, according to the AFR, were reportedly more receptive to the idea. Despite shelving earlier plans to spin off its coal division, which delivered 38% of Glencore’s earnings last year, chief executive officer Gary Nagle has centralized all coal operations within the Australian unit. That includes its Canadian subsidiary Elk Valley Resources, which operates four steelmaking coal mines in British Columbia: Elkview, Fording River, Greenhills, and Line Creek. EVR also holds a 46% stake in Neptune Terminals, a key bulk export facility. In Colombia, Glencore owns the Cerrejón open-pit coal mine. In South Africa, it controls the Impunzi thermal coal complex and holds stakes in the Mokala manganese mine, the Glencore–Merafe Chrome Venture, and the Rhovan-Bakwena Vanadium Venture. Joining the list of transferred assets is the MARA copper project in Argentina, which it acquired from Pan American in 2023. The Australian arm also holds the company’s thermal and metallurgical coal assets in New South Wales and Queensland. Doubling down on critical minerals As merger speculation simmers, Glencore is also deepening its presence in Australia’s critical minerals sector. The Swiss miner and commodities trader has inked a three-year supply agreement with Cobalt Blue (ASX: COB) to provide cobalt hydroxide feedstock for the Kwinana refinery in Western Australia, which is set to become the country’s first cobalt refinery. The deal will see Glencore supply up to 50% of the refinery’s cobalt input, starting once the facility begins commercial operations. It guarantees a minimum of 3,750 tonnes of cobalt hydroxide over the contract period, with 750 tonnes in the first year and 1,500 tonnes annually in the second and third years. The feedstock will come from Glencore’s operations in the Democratic Republic of Congo, specifically Kamoto Copper Company, in which it holds a 75% stake, and Mutanda Mining SARL. The assets shift and cobalt supply deal show Glencore positioning itself for consolidation and growth, with Australia at the heart of its strategy.

The New Zealand dollar declined as much as 0.67% earlier but has recovered. In the European session, NZDS/USD is trading at 0.5969, up 0.04% on the day. RBNZ's Hawkesby sees weaker growth, lower inflation A day after the Reserve Bank of New Zealand lowered interest rates, Governor Christian Hawkesby testified before a parliamentary committee on Thursday. Hawkesby said the central bank could hold rates in July and that rate decisions would be data-dependent. The Governor said he expected slower global growth would dampen New Zealand's recovery and there was uncertainty around the impact of the US tariffs. The RBNZ has been aggressive, chopping 225 basis points in the current easing cycle, which has brought the cash rate down to 3.25%, its lowest level in almost three years. At yesterday's meeting, the RBNZ said that the cash rate was currently in a neutral zone, where it neither stimulates nor curbs economic growth. FOMC minutes: Increasing uncertainly could mean "difficult tradeoffs"In the FOMC minutes of the May 7 meeting, members expressed concern about the government's fiscal and trade policy. Members said that "uncertainty about the economic outlook had increased further", making it appropriate to remain cautious until these policies became clearer. Members warned that if inflation remained high and growth and employment weakened, the Fed might have to make "difficult tradeoffs". There was another twist to the Trump tariffs saga, as the US Court of International Trade declared the tariffs illegal. The Court ruled that Trump had exceeded his authority by imposing wide-sweeping tariffs against US trading partners. The decision puts a hold on the tariffs, but that may not last long as the US Justice Department has filed an appeal. NZD/USD Technical NZD/USD has pushed below support at 0.5954 and 0.5937. Below, there is support at 0.5914There is resistance at 0.5977 and 0.5994 close NZDUSD 4-Hour Chart, May 29, 2025 /media/images/NZDUSD_2025-05-29_14-15-21.width-1400.png Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.