Redator

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.

[Updated for 2025] If you’re wondering, “What will gold be worth in five years?” you’re asking a smart question—and you’re not alone. With inflation, central bank policy shifts, global instability, and growing demand, gold continues to be one of the most watched and debated assets on the planet. In this 2025 update, we break down the trends, forecasts, and expert opinions that can help you make informed decisions about your gold investment strategy through 2030. Since the pandemic in 2020, the price of gold has been on a steady rise after many years of being stagnant. Due to this steady price increase, many people, especially investors, are interested in gold price prediction. This article will cover gold price prediction for the next 5 years and the following: Factors that affect the price of gold When to buy gold How much to invest in gold How to buy gold Countries with the best gold to buy Gold price prediction There are two main factors to consider when predicting gold price for the next three years, they include: Wars Wars have always been very bullish for gold, so if any war occurs, it could cause a lot of damage to the stock market. Inflation Inflation occurs when the value of currencies drops, reducing people’s purchasing power. The pressures of inflation are on various countries, so there is a probability that the inflation rate will increase. Since inflation reduces the purchasing power of fiat currencies, it causes various investors to move their funds to a more stable asset like gold. Inflation can sometimes be transitory, but so long as it doesn’t transit to gold, we expect to see gold outperform various assets in the coming years. Gold price forecast for the next 5 years With the current look of things, inflation may persist for a few years. Gold price may increase from its current price to $2300 per ounce in the next 5 years. In the event of a global war, gold prices can increase to as high as $4000 per ounce in the next 5 years. These predictions consider factors such as ongoing central bank buying, economic uncertainty, inflationary pressures, and potential rate cuts by the Federal Reserve. Some analysts, including those from Citigroup and Goldman Sachs, suggest a bullish outlook, with prices potentially reaching up to $4,000 per ounce in the latter years due to sustained demand. Year Conservative Estimate Aggressive Forecast Reasoning 2025 $2,350 $2,500 Driven by Fed policy, inflation resilience 2026 $2,450 $2,700 Global market uncertainty, weakening dollar 2027 $2,500 $2,950 Rising BRICS demand, central bank accumulation 2028 $2,600 $3,100 Mining production constraints, investor demand 2029 $2,700 $3,300 Currency devaluation, increased portfolio hedging 2030 $2,800 $3,500 Inflation cycles and gold-as-collateral growth Source: Averaged from Bloomberg, InvestingHaven, IMF inflation models, and proprietary internal analysis. Factors that affect the price of gold Central bank The Central bank keeps paper money and gold in reserve. The price of gold typically rises as central banks divert their financial reserves away from paper currencies and toward gold. Many countries have reserves that are mainly made up of gold. The value of the US dollar Because gold is denominated in US dollars, its price is mainly inversely related to the US dollar price. A stronger US dollar tends to keep gold prices lower and more under control, and a weaker US dollar will cause gold prices to increase due to increased demand because when the US dollar is weak, gold can be easily bought at a better price. Because of this, gold is regarded as an inflation hedge. Inflation occurs when prices rise, and prices rise when the dollar falls. As inflation rises, so does gold. Industrial Demand Jewelry accounts for roughly half of the gold demand that occurs yearly. Also, a small percent of gold demand can be attributed to various industrial applications. Because of this, the theory of supply and demand can affect gold prices; demand for goods like jewelry and electronics rises, which will increase the price of gold. Wealth Security Periods of economic uncertainty, like recession, tend to cause people to turn to gold investing because of its enduring value. During turbulent times, gold is frequently regarded as a safe anchorage for investors. Also, when returns on equities and real estate fall, people’s interest in gold investing may rise, causing its price to rise. Gold is also used to hedge against events like currency depreciation or inflation. It is also thought to protect during times of political unrest. Investment Gold also experiences an increase in demand due to exchange-traded funds, which hold the metal and sell shares to investors. Some ETFs represent actual metal ownership, and others are shares of mining companies, not real gold. Production of Gold The major players in gold mining also contribute to the price of gold because the price of gold is affected by global gold production, which is another way of boosting supply to meet demand. The fact that gold is more difficult to obtain creates issues: miners of gold are exposed to occupational hazards. It is more expensive to obtain less gold. Thus raising the costs of gold production, which can lead to higher gold prices. Gold vs. Other Long-Term Investments (2025 Edition) Asset Avg. 5-Year Growth Liquidity Risk Level Use in IRAs Gold 7-9% High Low Yes Real Estate 9-10% Medium Medium Yes Stocks (S&P 500) 8-11% High High Yes Bonds 2-4% High Low Yes Crypto (Bitcoin) 25%+ (volatile) Medium Very High Yes (limited) Gold plays a unique role as a defensive asset while still offering steady growth potential. It can help balance the risk from more aggressive assets like equities or crypto. When to buy gold For thousands of years, gold has been a tremendous long-term store of value and has frequently been used as a form of payment. Many investors choose to hold 5% to 10% of their portfolio’s value in gold ranging from bullion gold to an ETF, to diversify their portfolio and hedge against stock and bond market crashes. The gold price moves in the opposite direction of the US dollar, making it a potential hedge against inflation (a drop in the value of the US Dollar). It also tends to appreciate as an investment during periods of inflation and uncertainty caused by instability and other various global events. Other precious metals can be used as portfolio hedges as well, but the gold market has the most liquidity. This could enable investors to convert their gold to cash at any time quickly. Buying gold online is becoming more accessible to investors. As an alternative to holding gold stocks, physical gold jewelry, coins, and bars allow investors to pass on their riches. Because of these advantages, purchasing gold is always a good idea. How much to invest in gold Gold has an inverse relationship with the market. It performs well during economic downturns. It is due to this reason investors prefer to include gold in their portfolios – to protect themselves against inflation. According to most estimates, gold investments should account for less than 5-10% of your portfolio. Doing this ensures that your portfolio can take other various investments such as mutual funds, stocks, peer-to-peer lending, and so on. You can also make use of the 10% to 15%, 15% to 25%, or 30% to 50% Any investment you make should be dependent on what you plan to gain from the investment and risk tolerance. How to buy gold There are various ways you can buy gold, some of them include: Gold Bullion Buying gold in bars or coins is one of the most delightful ways to own it. A great satisfaction king at and touching it, but if you own more than a small portion of it, there are serious drawbacks. One of the most significant disadvantages is the requirement to protect and insure physical gold. Buying physical gold means relying entirely on the commodity’s price rising to make a profit. In contrast, owners of a business (such as a gold mining company) can produce more gold and thus gain more, pushing the investment in the business higher. You can buy gold bullion in various ways, including from an online dealer like APMEX or JM Bullion or local dealers; you can also get gold from pawn shops. Keep track of gold’s spot price – the price per ounce in the market right now – as you buy to get a good deal. it is better to trade with gold bars because a coin’s value is likely to outweigh its gold content. (While not all these are gold, here are nine of the world’s most valuable coins.) There exists the risk of someone physically taking your gold if you do not keep your holdings secure. Another issue arises when trying to sell bullion gold. It can be challenging to obtain the total market price for your gold, especially when it is bullion coins and you require funds quickly. As a result, you may be forced to sell your gold for less than you would sell them on a global market. Gold futures Gold futures are an excellent way to know if the price of gold is rising (or falling), and you can even take physical delivery of gold if you desire. The primary benefit of investing in gold with futures is the enormous amount of leverage obtainable. Meaning you can own many gold futures contracts for a relatively small amount. If gold futures move in your favor, you can get a lot of profit quickly and easily. However, the leverage you get by investing in futures cuts both ways. If gold falls in value, you’ll be forced to put up large sums of money to keep the contract open (called margin), or the dealer will close the position and lose money. So, while you can make a lot of money with the futures market, you can also lose money very quickly. Gold-related ETFs If you want to avoid the problems of keeping physical gold, an exchange-traded fund (ETF) that tracks the commodity is a great option. These ETFs aim to match gold’s price performance minus the ETF’s annual expense ratio. Another significant advantage of owning an ETF is that it is easy to exchange for money at market value. Like selling a stock, you can easily trade your fund on a day the market is open for the current price. As a result, gold ETFs have more liquidity than physical gold and can be traded from anywhere you are in the world. Because ETFs give you access to the gold price, the fund will perform similarly regardless of if it rises or falls, minus the fund’s costs. Gold, like stocks, can be volatile at times. However, ETFs prevent you from facing the two most significant risks of owning physical gold: safeguarding your gold and getting total value for your gold Mining stocks Another way to profit from gold prices is by owning mining companies that produce it. This may be the best option for investors because, with this, you can profit from gold in two ways. First, as the gold price rises, so make miners’ profits. Second, the miner can increase production over time, creating a double entendre effect. When investing in individual stocks, it is a must to understand the business thoroughly. There are several extremely risky miners out there, so choose a reliable person in the industry with caution. Small miners and individuals without a producing mine should probably be avoided. Finally, mining stocks, like all stocks, can be volatile. What is the lowest price gold has ever been Understanding the historical lows of gold is crucial for investors looking to gauge the metal’s potential future performance. By examining the lowest points in gold’s price history, we can better understand the factors that drive gold prices down and what this means for future investments. To comprehend gold’s value, one must look at its historical pricing, particularly its lowest points. Such an analysis reveals the metal’s resilience and the external factors influencing its valuation. 20th Century Lows: In the 20th century, particularly in the early 1970s, gold was priced at around $35 per ounce. This low price was largely due to the U.S. dollar’s gold standard, which fixed the price of gold. However, after the U.S. moved away from the gold standard in 1971, gold prices fluctuate based on market forces. Late 1990s and Early 2000s: Another significant low occurred in the late 1990s and early 2000s when gold prices dropped to around $250-$300 per ounce. This period was characterized by robust global economic growth, a strong U.S. dollar, and a lack of significant financial crises, which diminished gold’s appeal as a safe-haven asset. Inflation-Adjusted Prices: When adjusted for inflation, these historical prices represent even lower real values for gold. This perspective is vital for investors considering gold’s long-term purchasing power and its role as a hedge against inflation. Factors Contributing to Historical Lows Several key factors have historically contributed to the low prices of gold: Economic Stability and Growth: Periods of solid economic growth often lead to lower gold prices. Investors tend to seek higher returns in equity markets during such times, reducing demand for gold. Strength of the U.S. Dollar: The value of gold is inversely related to the strength of the U.S. dollar. A strong dollar typically leads to lower gold prices, reducing the metal’s appeal as an alternative investment. Central Bank Policies: The policies of major central banks, especially those concerning interest rates, can significantly impact gold prices. Lower interest rates make gold more attractive as an investment compared to interest-bearing assets. Market Sentiment and Investor Behavior: The general sentiment in financial markets and investor behavior greatly influences gold prices. In times of market optimism and risk-taking, gold prices tend to fall. Understanding Gold’s Investment Cycle The historical lows of gold highlight the metal’s cyclical nature as an investment: Cyclical Downturns and Upticks: Gold prices tend to cycle through periods of highs and lows. Understanding these cycles can help investors decide when to enter or exit gold investments. Impact of Global Events: Global events such as financial crises, geopolitical tensions, and economic downturns often lead to spikes in gold prices as investors seek safe-haven assets. What is the Most Expensive Gold on the Market? When discussing the value of gold, it’s essential to consider the various forms that command the highest prices. The most expensive gold is often determined by its weight or purity and its historical significance, rarity, and the context in which it is sold. Forms of High-Value Gold Gold’s value can significantly exceed its weight in ounces in specific forms, making certain gold products much more expensive than standard gold Bullion. Pure Gold: Pure gold, often in 24 karats, is the most expensive form of gold by weight. Its price is determined by the current market or “spot” price of gold, which fluctuates based on economic factors. Numismatic Gold Coins: These are collectible coins whose value far exceeds their metal content. Their prices are influenced by rarity, historical significance, condition (grade), and demand among collectors. For example, a rare gold coin from ancient times can fetch prices in the millions. Gold Jewelry with Artistic Value: High-end gold jewelry, especially pieces crafted by renowned designers or historical pieces, can command high prices. The value here is not just in the gold content but in the artistry and craftsmanship. Gold Bars and Ingots from Notable Mints: Gold bars and ingots produced by reputable mints, especially those with historical significance or unique features, can be more expensive than standard gold bullion bars. Factors Driving High Gold Prices Several factors contribute to making certain gold products more expensive than others. Market Demand and Economic Conditions: High demand for gold, often driven by economic uncertainty, can increase prices. Economic downturns or inflation fears often cause investors to gold, increasing its price. Rarity and Collectibility: In the case of numismatic coins and rare jewelry, rarity and collectibility are significant factors. The fewer pieces available and the greater the demand among collectors, the higher the price. Historical and Cultural Significance: Gold items with significant historical or cultural relevance can significantly attract high prices if they are associated with notable historical events or figures. Industrial Demand: Gold’s use in industries, particularly in electronics, aerospace, and medicine, can also drive up its price. As new applications for gold are discovered, its industrial demand and value might increase. Record-Holding Gold Items Some gold items have made headlines for their staggering prices. Rare Gold Coins: For instance, the 1933 Double Eagle gold coin, sold at auction for $7.59 million in 2002, is one of the most expensive gold coins ever sold. Its value was due to its rarity and the unique history surrounding it. Luxury Gold Watches and Jewelry: High-end watches and jewelry pieces from luxury brands like Rolex or Cartier, especially those with historical significance or adorned with rare diamonds and gemstones, can sell for millions. Investing in High-Value Gold For investors interested in high-value gold, there are several considerations. Understanding the Market: Knowledge of the numismatic market, historical significance, and current trends is crucial for investing in high-value gold items like rare coins or collectibles. Authenticity and Certification: Ensuring the authenticity and proper certification of high-value gold items is paramount. This often requires working with reputable dealers and experts. Market Liquidity: While high-value gold items can be a good investment, they may not be as liquid as standard gold bullion, making it harder to sell quickly. Diversification Strategy: High-value gold should be part of a broader diversification strategy, complementing other gold investments and asset classes. Which country has the best gold to buy? Dubai (a city in the United Arab Emirates) is one of the best places you can get pure gold from. You can find the highest purity of gold available today in Dubai. The UAE has long been known as a place where exceptional quality gold can be bought and sold. Jewelry is one of the most popular forms of gold you can find, accounting for more than half of global gold production. Given how widely available gold jewelry is in the UAE, the UAE also ranks high if you want your gold jewelry in the purest form available, which is 24 karat gold. Depending on the state of the gold market and other factors influencing gold prices, it is often possible to find reasonable prices for pure gold in the UAE. Other Countries with Pure Gold The UAE isn’t the only country with a high concentration of high-purity gold. Other well-known hotspots for large amounts of pure gold and almost pure gold include: India India has a long history of scrutinizing the purity and quality of gold in virtually all solid forms. Furthermore, purchasing gold is one of the most common practices that take place in India. Thailand Thailand has widely available high-purity gold. However, it is recommended that you do your research first to ensure that you buy from authorized resellers who are upfront about the gold’s purity and quality. Switzerland The Swiss have a fondness for pure gold. Furthermore, the pure gold sold and sculpted into solid form in this location is known for its decorative features and designs. If you prefer high-purity gold coins, look for those with the purity stated as.9999. Many countries worldwide produce coins of this purity, including Australia, Austria, Canada, Israel, Kazakhstan, Malaysia, New Zealand, Poland, and the United States. The highest available purity is usually found in gold coins minted by these countries. The American Buffalo coin is the purest gold coin in the United States. FAQs Which gold is the most valuable? As the highest karat of gold, it’s natural to believe that 24K is the “best” gold to buy, but this isn’t always the case. Pure gold is easily scratched and bent, making it unsuitable for daily wear (yet the most expensive). So how valuable gold is, is dependent on what the gold will be used for. Which country sells the cheapest gold? Hong Kong is one of the countries that sell the cheapest gold. You can buy gold in Hong Kong at a lower premium than you will get in other countries. Who owns most of the world’s gold? The United States owns most of the gold in the world. It has the largest gold reserve in the world. The United State gold reserve is almost as large as the combination of the reserve of the following three countries on the list of countries with the most gold. Is now a good time to buy gold? Yes. 2025 is showing strong fundamentals for gold: central bank purchases, global debt, and rising inflation expectations. How high can gold realistically go? Most forecasts place gold between $2,800 and $3,500 by 2030, depending on inflation trends, interest rates, and global political stability. What factors could push gold higher? Increased recession risk U.S. dollar weakening Escalating geopolitical tensions Energy market disruptions Can gold go down in value? Yes, in the short term. But over longer timelines, gold has consistently preserved and grown purchasing power. Gold remains one of the most reliable assets for wealth preservation. Whether you’re protecting your retirement, hedging against inflation, or just diversifying with a tangible asset, gold remains a cornerstone investment in any serious long-term plan. Whether you are new to gold investing or have been a collector for years, it is essential to research and work with a reputable dealer. American Bullion is a trusted resource for those looking to invest in gold IRAs, offering a wide selection of gold coins from around the world and expert guidance on which coins are right for you. So why wait? Invest in gold coins today and start building a brighter financial future. The post Gold prediction for the next 5 years first appeared on American Bullion.

TON crypto spiked 40% after Telegram announced the finalization of the $1.5 billion bond sale, backed by BlackRock, Citadel, and Mubadala. As tokenization picks up steam, will Toncoin and Tonchain dominate? What differentiates crypto from securities is hype. True, market forces impact crypto, but when the “hype” catches on, prices tend to surge rapidly. There are many examples, including the rise of some of the best Solana meme coins, like BONK, which hit record highs in the last bull run. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 TON Spikes 40% Currently, TON, the native coin of the Tonchain ecosystem, could be primed for more gains if the spike on May 28 spills over to today. The nearly 40% surge in the past 24 hours could be enough for swing traders to explore buying opportunities, load up on dips, and expect prices to climb higher. (TONUSDT) However, for fundamental traders, the TON crypto surge is more than just a breakout. Telegram Finalizes $1.5 Billion Bond Sale Yesterday, Telegram, the popular messaging app with over 1 billion users worldwide, announced a $1.5 billion bond sale, lifting TON prices. The bond sale attracted A-list institutional investors, including BlackRock, Citadel, and UAE’s Mubadala, fueling the surge. Telegram, closely tied to Tonchain and TON, did what many corporates do: refinance. The May 28 announcement of the finalization of the $1.5 billion bond sale sparked a frenzy, boosting TON and dominating headlines. The funds will refinance previous debt and, crucially, support future growth. The bond carries a 9% annual yield over five years. If Telegram goes public within this period, it is convertible into equity at a discount. The possibility of Telegram going public by 2030 likely attracted BlackRock and others. Still, the bond was designed to draw long-term investors who believe in Telegram’s prospects. Moreover, the 9% yield signals the app’s robust financial health and potential to expand its ecosystem, which is bullish for TON. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 The BlackRock Endorsement Despite legal challenges surrounding Pavel Durov, the involvement of BlackRock, an asset manager with over $13 trillion in assets, is a decisive vote of confidence in Telegram and an indirect validation of Tonchain, where TON plays a critical role. Additionally, the participation of Citadel and Mubadala, both major institutional powerhouses, adds credibility and capital to Telegram, accelerating TON adoption and Tonchain ecosystem expansion. BlackRock is pro-crypto, issuing spot Bitcoin and Ethereum ETFs for U.S. institutions. Moreover, their BUIDL fund has attracted over $2.9 billion from investors seeking exposure to liquid U.S. Treasuries. (Source) Larry Fink, the CEO of BlackRock, projects the tokenization market to reach $1 trillion by 2030. If this will be the case, analysts are convinced that these top 20 coins may explode in 2025. Will Tokenization Gain Traction on Tonchain? The $1.5 billion bond sale aligns with the growing trend of tokenization. Recently, Libre launched a $500 million Telegram Bond Fund (TBF) on Tonchain. The RWA narrative just got a huge push as @librecap & TON Foundation are tokenizing $500M of Telegram bonds on TON Blockchain via the Telegram Bond Fund ($TBF)! Key points: $500M in Telegram bonds on TON Access for institutional & accredited investors Powered by Libre… pic.twitter.com/nXOdSsatKN — TON (@ton_blockchain) April 30, 2025 Additionally, Tether and USDe have been integrated into Tonchain, making them accessible to over 1 billion Telegram users. The timing is critical, especially as the U.S. prepares laws to fast-track the tokenization of U.S. Treasuries and, possibly, equities in the future. This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps This also strengthens Telegram’s financial… pic.twitter.com/ZPK550AyRV — Pavel Durov (@durov) May 28, 2025 Yesterday, Durov announced a partnership between Telegram and Elon Musk’s xAI to bring Grok agent to Telegram. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins TON Crypto Adds 40% After BlackRock Backs Telegram’s $1.5B Bond Sale TON crypto firm, may extend gains Telegram finalizes their $1.5 billion bond sale Bond sale backed by BlackRock, Citadel, and Mubadala Will Tonchain be a hub of tokenization in the coming months? The post TON Crypto Soars After BlackRock Backs Telegram In $1.5B Bond Sale: What’s Next? appeared first on 99Bitcoins.

Overview: There is one driver today. The US Court of International Trade ruled against the Trump administration's "Liberation Day" tariffs. The court rules that the 1977 law used to justify the actions did not apply. The ruling also applies to the earlier tariffs on security of the US borders and fentanyl trafficking. The dollar initially rallied but is now more mixed, with the dollar bloc and Scandis firmer on the day. Emerging market currencies have not recovered as well, but after the Russian ruble, the South African rand, Mexican peso, and Chinese yuan are making advances. Equities mostly like the development, but the Trump administration will appeal. Taiwan and India were notable exceptions. The Stoxx 600 recovered a little more than half of yesterday's losses and is rising for the third time this week. US index futures are broadly higher (S&P ~1.5%, Nasdaq ~2%). Bonds are under some pressure. Japan's 30-year yield rose nearly eight basis points to almost 3.0%, the 40-year yield fell by 22 bp. European 10-year benchmark yields are around two basis points higher while the 10-year Treasury yield is up almost six basis points to 4.54%. Gold is recovering after dropping to $3245 from $3287 at yesterday's settlement. It is little changed on the day in late European morning turnover. July WTI is extending yesterday’s gain. It traded above $63 before pulling back toward $62.50, which is still $1 above last week's settlement. USD: The Dollar Index gapped higher in response to the US Court of International Trade ruling. It opened slightly below 100.50 and that has proven to be the high. It has been gradually sold but a small gap exists to yesterday's high near 99.95. With two-thirds of Q2 nearly past, the revisions to Q1 GDP will have little interest for the forward-looking market. The Atlanta Fed's GDP tracker sees growth at 2.2% here in Q2. Wall Street economists surveyed by Bloomberg are less optimistic and the median is for a 1.3% annualized pace. Container shipments from China appeared to improve before the recent agreement in Switzerland as US retailers reported anticipated some relief but shipments have fallen off again more recently. Payroll withholding taxes are weak and US fuel demand (gasoline, distillates, and jet fuel) is unusually weaker than seasonal consideration suggest. Meanwhile, the labor market continues to gradually slow. That said, the four-week moving average of weekly jobless claims may have fallen for the first time in five weeks. Still, May nonfarm payrolls will be reported at the end of next week, and the early call is for a130k (down from 177k in April, which was accompanied by 58k downward revisions in February and March). EURO: The euro, which peaked on Monday near $1.1420, reached $1.1210 early today, a nine-day low. It was soft coming into today after posting the first back-to-back in three weeks. The euro has recovered into the $1.1280 area in Europe. A close above $1.1300 would lift the technical tone. The news stream outside of the US trade development is light. US-EU trade negotiations move into high-gear. The EU's trade minister Sefcovic reportedly will speak at least every other day to the US negotiating team led by Commerce Secretary Lutnick and Trade Representative Greer starting today. CNY: The dollar rose against the offshore yuan yesterday to post its third consecutive daily gain. The dollar has now risen in seven of the past nine sessions. The early dollar gains today saw it take out the three-week down trendline comes in today (~CNH7.2030) to reach almost CNH7.2090. It reversed lower and fell to session lows around CNH7.1880. The PBOC set the dollar's reference rate at CNY7.1907, the first time this week above CNY7.19. Officials have gradually raised the dollar's fix since setting it a CNY7.1833 on Monday, its lowest level since early April. JPY: The dollar recorded a potential key reversal on Tuesday, trading on both sides of Monday's range and settling above its high. Follow-through buying yesterday lifted the greenback a little through JPY145.00 and today to almost JPY146.30. It has pulled back to find support ahead of JPY145.00 in Europe. Japan's weekly Ministry of Finance portfolio flow report shows that this year Japanese investors bought on average JPY215 bln of foreign bonds a week compared with JPY220 bln in the same period last year. They have been net buyers of foreign stocks (~JPY355 bln on average vs sellers a year ago at an average weekly pace of -JPY44 bln). For their part foreign investors have been better buyers of Japanese bonds than a year ago (~JPY455 bln vs 14.6 bln) while they were small net buyers of Japanese stocks (~JPY30.6 bln a week on average) compared with in the year ago period (~JPY279 bln weekly average) in the year ago period. Keep in mind that where a transaction is booked rather than the ownership determines whether it is a domestic or foreign transaction, according to Japanese practices. Some of the "foreign activity" could be Japanese institutions transacting in offshore markets, like Cayman Islands, for example. Tomorrow, Japan has a deluge of data (jobs, industrial production retail sales, and Tokyo's CPI). Tokyo's May CPI is expected to be firm with the headline and core up 3.4%-3.5%. Industrial output likely fell in April as business cut back in the face of US tariffs, while retail sales likely bounced back after a steep 1.2% drop in March. GBP: Sterling pulled back yesterday to $1.3450. It recorded a three-year high slightly shy of $1.3600 on Monday. The losses were extended today to almost $1.3415. It returned to session highs in early European turnover, near $1.3470. A close above here would lift the technical tone. CAD: The US dollar posted a bullish hammer candle stick against the Canadian dollar on Monday after it recorded a seven-month low near CAD1.3685. It reached CAD1.3945 yesterday to meet the (50%) retracement target of the leg down from the May 15 high, the last time it traded above CAD1.40. The gains were initially extend to almost CAD1.3865 today in the knee-jerk reaction and has subsequently returned to the CAD1.3820 area. The CAD1.3875-85 area, which holds the 20-day moving average and the (61.8%) retracement objective. Canada reports Q1 current account deficit today. It tends not to be a significant factor for the market. In the decade until the pandemic, Canada recorded annual current account deficits of 2.0%-3.5% of GDP. Since Covid, and the adjustment to the terms of trade, Canada's current account deficit has been less than 1% of GDP. The deficit in Q1 is expected to be around C$3.24 bln compared with C$2.23 bln in Q1 24. Still, the 2024 current account deficit was about 0.5% of GDP near C$15.6 bln. AUD: The Australian dollar set the high for the year on Monday slightly above $0.6535, stopping shy of the $0.6550 target. It was unable to sustain the momentum and finished a smidgeon lower on Monday and fell further Tuesday and yesterday to reach $0.6410. The three-day drop matches the longest losing streak since the spring equinox. It slipped to a marginal new low today, slightly above $0.6405 and recovered to $0.6440 to threat to snap its losing streak. Australia does not report Q1 GDP until June 4, so the weaker than expected private capital expenditure report (-0.1% vs. 0.2% in Q4 24) adds incrementally to our data set. Tomorrow's data includes April retail sales (expected to match March's 0.3% gain) and private sector credit (expected to rise by 0.5%, the same as March). MXN: The MSCI Emerging Market Currency Index snapped a four day advance yesterday. It was the second loss in the past ten sessions. The resilience of Latam currencies cracked yesterday. Three of the four largest declines among emerging market currencies yesterday were from Latam, led by the nearly 0.9% decline in the Brazilian real, followed by the 0.75% loss of the Mexican peso. The Czech koruna squeezed into third with a nearly 0.55% loss, followed by the Chilean peso's 0.45% decline. The dollar set a new low for the year on Tuesday near MXN19.1830 and reached MXN19.4250 yesterday. It held below the 20-day moving average (~MXN19.85). It has not settled above it since mid-April. Still, around MXN19.4120, the dollar met the (38.2%) retracement of this month's decline. The dollar is better offered now. It is trading around MXN19.37 in Europe. The central bank's inflation report updated its economic projections. It cut this year's growth forecast to 0.1% from 0.6% in mid-February and from 1.2% at the start of the year. Next year's growth forecast was halved to 0.9%. For comparison, the IMF forecasts a 0.3% contraction this year and 1.4% growth in 2026. The quarterly inflation forecasts were updated. The 2025 headline projection was left unchanged at 3.3% but the core edged up at 3.4%, up from 3.3%. The forecast for Q4 2026 was left unchanged at 3.0% for the headline and core. The minutes from the recent central bank meeting, which delivered the third consecutive half-point cut, will be released today. The bar to another half-point cut is low as inflation concerns have been superseded by growth concerns. The current target rate is 8.50% and the swaps market sees around 100 bp of cuts this year. Disclaimer

According to a 28 May 2025 filing by the Bank of Russia, financial institutions can offer “qualified investors” financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices. Notably, this is a three-year-long experiment. In a press release, the Bank of Russia said that the key condition is that such instruments must be non-deliverable. The legality of cryptocurrency in Russia remains complex. Widespread adoption of crypto in Russia is still largely discouraged. “Qualified investors” or high income individuals with significant financial assets are allowed to own crypto. Meanwhile, the country’s largest bank, Sberbank, is gearing up to become an official market maker for the country’s regulated crypto platforms. According to local media reports published on 27 May 2025, Sberbank will be a liquidity provider and a market maker on Russian-regulated platforms. Hence, super-qualified investors can trade directly with cryptocurrencies. JUST IN: Russia’s Central Bank lets financial firms offer crypto derivatives to qualified investors. pic.twitter.com/Q9459t1RFY — Whale Insider (@WhaleInsider) May 29, 2025 EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 “Qualified investors will have access to products without direct ownership of crypto, similar to ETFs” Alexander Zozulya, Director of Sberbank’s Global Markets Department weighed in. She said, “The Bank of Russia has taken an important step by announcing the development of an experimental legal regime (ELR) for cryptocurrency transactions.” “We expect the emergence of a legal “sandbox” – an analogue of a regulated crypto platform,” she said, “where super-qualified investors will be allowed to operate directly with cryptocurrencies.” According to Zozulya’ statement, qualified investors will have access to products without direct ownership of cryptocurrencies, “similar to Western exchange-traded funds (ETFs).” Russia banned the use of crypto for payments in 2021 under its “On Digital Financial Assets” law. But the government has been exploring ways to integrate crypto into its financial system. Explore: Russia Plans To Launch Crypto Exchange Under Experimental Legal Framework Russia Eyes National Stablecoin Recently, a senior Russian finance official called for the development of a national stablecoin following the US government’s freeze of wallets linked to the sanctioned crypto exchange Garantex. Osman Kabaloev, deputy director of the Financial Policy Department at Russia’s Finance Ministry, said recent events highlight the need for internal alternatives to popular stablecoins like USDT. “We do not impose restrictions on the use of stablecoins within the experimental legal regime,” Kabaloev said. He added that Russia should consider developing a stablecoin pegged to a different currency—possibly the ruble. This would reduce exposure to foreign pressure. The push for a Russian stablecoin comes amid a surge in global stablecoin usage. According to a joint study by Artemis and Dune, active stablecoin wallets saw over 50% year-over-year rise. Total market capitalization has surpassed $200 billion in early 2025. DISCOVER: Best Meme Coin ICOs to Invest in May 2025 Key Takeaways The Bank of Russia is legalizing crypto investments for “qualified investors” through financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices. The country’s largest bank, Sberbank, is gearing up to become an official market maker for the country’s regulated crypto platforms. The post Bank of Russia Legalizes Crypto Investment for “Qualified Investors” appeared first on 99Bitcoins.

To meet the world’s future needs, copper prices must at least double their current levels in order to incentivize companies to build more mines, a study published in the latest issue of the SEG Discovery journal suggests. According to the study, led by researchers from the University of Michigan, Cornell University and the University of Queensland, the problem isn’t about finding enough copper in the ground, but the rate at which companies are mining to satiate the rapid consumption of metal driven by two major themes: economic development and clean energy. These two drivers of demand are at odds when it comes to how resources are to be allocated, because, as the study reveals, the current rate of mining can barely keep up with the copper needs for one, let alone both. Racing against the clock Despite concerns about reserve depletion, the global copper industry is still sitting in the near-exponential growth stage of mine output between now and 2050. According to the study’s estimates, more copper will be mined over the next 32 years than all of previous history (905 versus 784 million tonnes). Projection of past copper mine production and refinery output. Credit: SEG Discovery (2025) Nevertheless, this projected production would fall short of the demand for copper from just typical economic and population growth, said Adam Simon, a professor from the University of Michigan and co-author of the study. This “business-as-usual” model of copper consumption predicts that about 1.75 billion tonnes of copper must be mined by 2050 to support current expectations of global growth, such as new infrastructure for the developing world. Development vs. decarbonization However, the mission to mine enough copper would seem impossible once demands from electrification and elimination of fossil fuels are factored in toward the mid-century mark. The study estimates that transitioning to an EV fleet and associated grid upgrades requires upwards of 1.25 billion tonnes of the metal. Deriving wind and solar power requires another 2.3 billion tonnes, while building a power grid that relies on batteries for energy storage would need a staggering 3 billion tonnes. During the proposed energy transition period from 2018 until 2050, the world’s total copper demand is projected to rise 2.2% annually, rising from 24.4 million tonnes per year to 50 million tonnes, while mined copper output is expected to lag behind at 1.9% per year, from 20.4 million tonnes a year to 37.1 million tonnes. By then, over half of the world’s total copper endowment would have been mined (3.6 billion tonnes of 6.6 billion). This full electrical transition, according to the study, requires mining twice as much copper as the “business-as-usual” case. At the same time, planned development in countries like India and Africa will require more copper. India alone needs 227 million tonnes to build and modernize its infrastructure, while building infrastructure across all 54 countries in Africa will require about 1 billion tonnes. Collectively, low- and middle-income countries will need over a billion tonnes of copper, the equivalent of half a century of current production, to achieve parity with the US in terms of infrastructure and human development. Energy use by nation. Credit: SEG Discovery (2025) Mining hurdles To meet an increasing supply gap, global mine output must increase by 16.7 million tonnes a year over the next three decades, as calculated by models used in the study. The sheer scale of expansion required is daunting. It would necessitate either the construction of 36 new large-scale mines, the commissioning of 759 small mines, or a five-fold increase in output from the world’s top 10 producing mines, the authors note. Each of these scenarios presents major feasibility challenges, particularly given that new large mines typically take more than 20 years to come online, and many existing large mines are nearing closure, they added. High costs Adding to this complexity is the rising capital intensity of mine development that has kept mining companies on the sidelines. Recent brownfield projects in Latin America indicate a capital intensity of over $23,000 per tonne of annual production, a sharp increase compared to historical averages, the study said, citing a previous study from 2024. This metric, widely used in the mining sector, strongly correlates with the market price needed to justify investment. As a result, the authors conclude that copper prices will need to exceed at least $20,000 per tonne—more than double current levels—to spur enough investment in new mining capacity. Without such a dramatic price increase, it will be nearly impossible to meet future copper needs, even under the most conservative demand scenarios, they stressed. Pathways forward In short, there is an unavoidable trade-off when it comes to managing the world’s copper resource: building wind and solar-heavy grids means diverting them from infrastructure and social development. To strike the right balance, the study identifies some realistic pathways forward, including the shift to nuclear energy as a primary power source, employing methane-fueled backup plants to support renewables and promoting hybrid vehicles over fully electric ones. Without such policies, the supply of copper will inevitably fall short, at least under current market conditions, it concludes. The full study, including supplemental graphs and spreadsheets created by the authors, is here.

[Updated for 2025] One of the most common questions gold investors ask in 2025 is: “How much gold can I buy with $10,000?” Whether you’re diversifying your portfolio or starting a precious metals IRA, understanding what your money can buy is essential to making smart, informed investment decisions. Investing $10,000 in gold is a strategic decision that many individuals consider to diversify their investment portfolio, hedge against inflation, or own a tangible asset with intrinsic value. The amount of gold you can buy with $10,000 will depend on several factors, including the current market price, the type of gold you wish to purchase (coins, bars, rounds), and any associated premiums or costs. Let’s explore these factors to understand how to maximize the value of a $10,000 investment in gold. The Market Price of Gold Gold prices fluctuate daily based on market conditions, supply and demand dynamics, geopolitical events, and macroeconomic factors. For this article, let’s reference a current gold price of $2,018.39 per troy ounce. It’s important to note that this price is subject to change, and investors should check the latest prices before making any purchase decisions. Gold Measurements Gold is traditionally measured in troy ounces, with one troy ounce equaling approximately 31.1 grams. This measurement system differs from the standard avoirdupois ounce, which is more commonly used in the United States for measuring other goods and is equivalent to about 28.35 grams. The troy ounce is the standard unit of measure for precious metals and is crucial for accurately pricing gold. Formats You Can Buy With $10,000 Gold Product Estimated Quantity (2025) Notes 1 oz Gold Bars 4 bars Best value, lowest premium 1 oz Gold Coins (Eagles) 4 coins Slightly higher premiums 10g Bars ~12-13 bars More divisible but higher premium Fractional Coins (1/2 oz, 1/4 oz) Varies More flexibility, higher premium You can also allocate $10,000 across different weights or combine physical gold with a Precious Metals IRA. Types of Gold for Investment Investors looking to buy gold with $10,000 have several options regarding the physical form of gold they can purchase. Each option carries different premiums over the spot price of gold, affecting the total amount of gold one can acquire. Gold Coins: These are popular among investors and collectors for their beauty, historical significance, and legal tender status in their country of origin. Examples include the American Gold Eagle, Canadian Maple Leaf, and South African Krugerrand. Gold coins typically have higher premiums over the spot price due to their collectible value and the costs associated with minting and distribution. Gold Bars: Bars offer a more straightforward value proposition, often carrying lower premiums over the spot price than coins. They come in various sizes, making it easier for investors to allocate a specific portion of their investment to gold. Bars are preferred by those looking to maximize their physical gold holdings. Gold Rounds: Similar to coins but not legal tender, rounds are produced by private mints and usually have lower premiums than gold coins. They are an attractive option for investors primarily interested in the metal content. Gold Price History: Buying Power Over Time Year Avg. Price/Oz Oz You Could Buy With $10,000 2015 $1,150 ~8.70 oz 2020 $1,770 ~5.65 oz 2023 $2,050 ~4.88 oz 2025 $2,350 ~4.25 oz Calculating Your Gold Purchase With $10,000 to invest and the reference price of $2,017.39 per troy ounce, you could purchase approximately 4.96 troy ounces of gold if buying at the exact spot price without considering any premiums or additional costs. However, the amount of gold you can buy will be less once you account for premiums. For example: Gold Coins: Assuming an average premium of 5% to 10% over the spot price, you can purchase around 4.5 to 4.7 troy ounces of gold coins with your $10,000. Gold Bars: With lower premiums, possibly around 2% to 5%, your $10,000 could buy you closer to 4.8 to 4.9 troy ounces of gold in bar form. Gold Rounds: Expect similar amounts as gold bars, given their comparable premiums. When purchasing gold, it’s also important to consider additional costs, such as shipping, insurance, and secure storage, affecting the overall investment. Furthermore, purchasing from reputable dealers is crucial to ensure authenticity and fair pricing. Frequently Asked Questions in 2025 Is it better to buy coins or bars with $10,000? Bars usually have lower premiums, but coins like American Gold Eagles may be easier to sell and more recognizable. Can I use $10,000 to start a Gold IRA? Yes. Many custodians allow you to open a self-directed Gold IRA with $10,000. You can roll over funds from a 401(k) or traditional IRA as well. Should I wait for the price to drop before buying? Timing the market is risky. Most experts recommend dollar-cost averaging or buying when your financial plan supports it, not based on guesswork. How does storage work if I buy physical gold? You can choose between home storage (with security measures) or insured vault storage through a dealer or custodian. Conclusion In 2025, $10,000 can still buy a significant amount of gold—enough to protect your portfolio from inflation, diversify your holdings, and lay the foundation for a Gold IRA. With a trusted dealer, a clear goal, and knowledge of current gold prices, you can make a smart, future-ready investment. Investing $10,000 in gold can provide a tangible asset that serves as a store of value, especially in times of economic uncertainty. While the amount of gold you can buy with $10,000 will vary based on the type of gold purchased and associated premiums, understanding these factors will help you make informed decisions and optimize your investment. As with any investment, staying informed about market conditions and conducting thorough research is key to success. Whether you are new to gold investing or have been a collector for years, it is essential to research and work with a reputable dealer. American Bullion is a trusted resource for those looking to invest in gold IRAs, offering a wide selection of gold coins from around the world and expert guidance on which coins are right for you. So why wait? Invest in gold coins today and start building a brighter financial future. The post How much gold can I buy with $10,000? first appeared on American Bullion.

In a move that surprised some and thrilled others, the U.S. Department of Labor has officially scrapped its earlier warning about crypto in retirement plans. The original message? Be extremely careful if you’re thinking about adding Bitcoin or other cryptocurrencies to 401(k) accounts. Now, that warning is off the table. The Labor Department’s reversal means crypto in 401(k) plans is now a viable option for plan sponsors under Trump’s guidance. The Old Rule: Proceed With Caution Back in 2022, under the Biden administration, the Labor Department told plan managers to think twice before touching crypto. They were worried about the usual stuff: wild price swings, scams, unpredictable regulations. And to be fair, those concerns weren’t made up. Bitcoin has had its ups and downs, and the crypto world isn’t exactly known for being boring or stable. The guidance didn’t block crypto investments outright, but it did raise a big red flag. The message was clear: if you put crypto into a retirement plan, you’d better be ready to defend it, because the government would be watching closely. The New Rule: You Decide Now, things are different. The Department of Labor has pulled back and said it’s not going to single out crypto anymore. Instead of warning plan sponsors not to go there, it’s leaving the decision up to them. That doesn’t mean crypto is suddenly risk-free. It just means the federal government isn’t leaning over anyone’s shoulder anymore. If a retirement plan wants to include Bitcoin or Ethereum, that’s now between the plan’s fiduciaries and their participants. The only rule that still stands is the basic one under ERISA: do what’s best for the people in the plan. Make smart decisions. Minimize unnecessary risks. But how you interpret that is up to you. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Part of a Bigger Crypto Pivot This change didn’t come out of nowhere. It’s part of a wider shift under Trump’s leadership, where crypto is being treated less like a threat and more like a serious part of the financial system. - Price Market Cap - - - 24h 7d 30d 1y All Time Log Trump has started accepting crypto for campaign donations. He’s suggested creating a national reserve of digital assets. And his media company recently made headlines for exploring a multi-billion-dollar Bitcoin strategy. Taken together, it’s pretty clear his team sees crypto as more than just internet money. Don’t Get Too Comfortable That said, this doesn’t mean every 401(k) plan is about to start offering crypto. Most plan sponsors are still cautious, and for good reason. Crypto is still volatile. It’s still hard to value. And it comes with unique challenges like custody and security. Financial planners usually recommend keeping any crypto exposure small, maybe just a sliver of your total retirement savings. Something like 1 to 3 percent, depending on your risk tolerance. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 What It Means for You If you’re someone who wants to see crypto in your retirement plan, this is a step in that direction. It won’t happen overnight, but at least now, the federal government isn’t making it harder than it needs to be. And if you’re more cautious? Nothing’s changed there either. You can still stick to what you know. Stocks, bonds, mutual funds, they’re all still on the menu. What’s changed is that crypto just got a seat at the table. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The U.S. Department of Labor has dropped its previous crypto warning, allowing 401(k) plans to include Bitcoin and other digital assets. This marks a shift from earlier guidance that discouraged plan sponsors from offering crypto due to volatility and regulatory uncertainty. The change aligns with the Trump team’s broader pro-crypto pivot, including campaign donations and proposals for a national digital reserve. While crypto is now permitted, plan fiduciaries must still act in participants’ best interests and manage risk under ERISA guidelines. Most retirement plans are likely to remain cautious, but this policy change opens the door for future crypto adoption in 401(k) accounts. The post Crypto Cleared for 401(k)s as Trump Team Reverses Course appeared first on 99Bitcoins.

The Trump name got loud applause at the Bitcoin 2025 conference in Las Vegas. Donald Trump Jr. and Eric Trump showed up in person, carrying a message that the family isn’t just paying attention to crypto. The plan puts Trump Media right in the center of the crypto conversation, showing it’s not just a media company but a financial player with bold ideas. A Change from Skeptics to Supporters It wasn’t long ago that the Trump family didn’t think twice about crypto. Their world was real estate, finance, and legacy institutions. But times have clearly changed. At the Vegas event, the message was clear: they’ve gone from sitting on the sidelines to actively betting on Bitcoin’s future. JUST IN: Eric Trump says "everyone in the world wants #Bitcoin, everybody is buying Bitcoin" "0.1 BTC is going to be worth an absolute fortune" pic.twitter.com/0942a3dSWI — Bitcoin Magazine (@BitcoinMagazine) May 28, 2025 And it’s not just about talking points. This is part of a bigger trend. Former President Trump has recently embraced digital assets after years of calling them risky or unnecessary. His campaign now takes crypto donations, and he’s promised to roll back regulatory pressure if he gets back in the White House. They’re Not Happy With the Old System Part of the family’s new stance comes from growing frustration with how money works in the traditional system. Both Trump sons pointed to what they see as a lack of personal control in banking, and they say crypto offers something better. In their view, digital assets let people move money on their terms, without red tape or the usual hoops. Their comments tapped into a familiar feeling for a lot of people in the room. In an industry built around the idea of individual control, the Trumps positioned themselves as champions of financial freedom, or at least the version of it that runs on Bitcoin. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Trump Media’s $2.5 Billion Bitcoin Play More than just talk, there’s a serious financial move on the table. Trump Media & Technology Group, the company behind Truth Social, is aiming to put together a $2.5 billion Bitcoin treasury. That would make it one of the largest crypto holdings by any private US company. - Price Market Cap - - - 24h 7d 30d 1y All Time Log This is part of a bigger strategy to blend media, money, and influence. Whether it’s about trust in the system or staying ahead of the curve, they want to be seen not just as supporters of Bitcoin, but as players who are putting real value into it. The Politics of Bitcoin Just Got Louder Of course, mixing crypto with politics always raises questions. Some see the move as bold and forward-thinking. Others are already sounding alarms about conflicts of interest, especially if public policies start aligning too closely with private investments. But no matter where you stand, it’s hard to ignore what’s happening. Bitcoin used to be a niche topic in politics. Now it’s showing up in campaign speeches, on debate stages, and at major conferences, with the Trumps leading the charge. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 A Sign of What’s Coming The Trump family’s full-court crypto press is just one example of how mainstream digital assets have become. What used to be a fringe movement is now being embraced by political figures, corporate leaders, and everyday investors alike. Whether or not their Bitcoin bets pay off, one thing’s clear: crypto is no longer on the sidelines of the national conversation. It’s front and center, with the next election and beyond set to shape where it goes from here. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Donald Trump Jr. and Eric Trump used the Bitcoin 2025 conference to spotlight Bitcoin as a core part of the Trump family’s financial and political vision. The brothers signaled a shift from crypto skepticism to full support, describing Bitcoin as essential to wealth protection and freedom. Eric Trump took aim at traditional finance, calling it outdated and positioning Bitcoin as a faster, more transparent alternative. Trump Media & Technology Group is reportedly planning to buy $2.5 billion worth of Bitcoin, aligning the brand with major institutional holders. The move raises questions about potential conflicts of interest if Trump re-enters office while heavily invested in Bitcoin. The post Donald Jr. and Eric Trump Spotlight Bitcoin at Las Vegas Conference appeared first on 99Bitcoins.