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The Middle East has experienced a significant escalation in tensions over the past few hours, with reports indicating Israel has launched strikes against Iranian nuclear facilities. Global Index Futures are down by 1.5% or more, while the VIX (Stock Options Volatility Index) has surged by 15%. In a major risk-off move, bonds and gold are gaining, and safe-haven currencies such as the Swiss Franc (CHF), US Dollar (USD), and Japanese Yen (JPY) are leading the Forex board. Meanwhile, Oil and other energy products have breached 4-month highs – Gold is trading around $3,420 and came very close to record highs on the initial spike. Read More: Oil Surges 10%, Gold Above $3400/oz as Israel Strikes Iran Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The Nasdaq 100 e-mini futures have plummeted by -1.80% in today’s Asian session at this time of the writing, due to a resurgence of risk-off sentiment over Israel’s airstrikes on Iranian nuclear and military targets. Oil prices spiked by 10% over fears of energy supply disruption in the Strait of Hormuz. A firmer upward drift in the prices of WTI and Brent is likely to complicate the US Federal Reserve’s plan to cut interest rates. Alternative trend bias (1 to 3 days) On the flip side, a clearance above 21,770 key resistance invalidates the bearish scenario to reinstate the bulls for a retest on the next intermediate resistance at 22,050, and above it sees the all-time high area coming in at 22,200/22,250. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto analyst Titan of Crypto highlighted that ETH is climbing within a massive weekly broadening wedge structure. The analyst shared the following chart and suggested that ETH could be targeting the $4,200 level – marking the top of the wedge. For the uninitiated, a broadening wedge is a chart pattern characterized by diverging trendlines, where price makes higher highs and lower lows, forming a megaphone-like shape. It typically indicates increasing market volatility and can signal a potential breakout, with the direction depending on the prevailing trend and breakout confirmation. Fellow crypto analyst Master of Crypto echoed a similar outlook, stating that ETH is “setting up for a big move,” especially with over $2.2 billion in short positions clustered near the $3,000 level. If Ethereum breaks above $3,000, it could trigger a short squeeze, potentially accelerating ETH’s rally. At the time of writing, ETH is trading 43.7% below its all-time high (ATH) of $4,878, recorded in November 2021. Capital flows also indicate rising institutional interest in Ethereum. Crypto market commentator Ted Pillows recently pointed out that spot ETH ETFs attracted $240.3 million in inflows yesterday, compared to $164.6 million for spot BTC ETFs. The stronger performance of ETH ETFs suggests that capital may be rotating from Bitcoin to Ethereum. It’s worth noting that while BTC is up 54% since June 2024, ETH is still down 24.6% during the same period. Crypto trader Merlijn the Trader shared the following monthly BTC/ETH chart showing two consecutive red candles, signaling a potential shift in momentum as BTC weakens relative to ETH. The trader noted that a similar capital rotation in 2020 preceded a “monster altseason.” Things Look Positive For ETH While altcoins like Solana (SOL), Tron (TRX), and SUI created fresh ATHs in 2024, ETH’s performance did not live up to expectations. As a result, the broader sentiment in the Etheruem ecosystem took a hit. However, 2025 appears to be ushering in a more favorable outlook. On-chain data reveals that ETH faces no major resistance until the $3,417 level. Additionally, ETH recently flashed a golden cross on the daily chart – a bullish technical signal that could indicate an impending rally. At press time, ETH trades at $2,756, down 1.7% in the past 24 hours.

Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next phase of market movement. Funding Rate Rebounds Signal Potential Upside for Bitcoin According to recent insights shared by on-chain analyst “nino” on CryptoQuant’s QuickTake platform, Bitcoin may be repeating a funding rate pattern that has historically led to price rebounds. The data shows the asset’s funding rate briefly dipping into negative territory before beginning to reverse, a pattern that has aligned with price recoveries earlier in the year. Nino’s analysis suggests this reversal, particularly the 72-hour moving averages exiting the oversold zone and producing a yellow-blue-black signal formation, could indicate a potential round of short position liquidations. The funding rate, still below levels typically associated with excessive bullish sentiment, may also imply that traders have yet to become overconfident, leaving room for additional upside without immediate overheating in derivatives markets. Nino’s observation focuses on market structure and derivative sentiment, highlighting how positioning in perpetual futures markets could precede notable spot price moves. In particular, when funding rates turn negative and then begin to climb, they often reflect the unwinding of overly bearish bets by traders who shorted BTC at high leverage. As these traders are forced to close positions, the resulting buy pressure can act as a short-term catalyst. This setup has played out multiple times earlier in 2025, and the current conditions suggest it may be occurring again. By keeping track of moving averages and sentiment zones, traders may interpret these signals as part of a broader cyclical trend. Binance Volume Share Signals Key Trends in Market Liquidity Separately, another analyst from CryptoQuant, Burak Kesmeci, addressed structural shifts in spot trading liquidity, particularly Binance’s share of global trading volume. Kesmeci emphasized that Binance’s dominance remains an important barometer of institutional participation and overall market health. He explained that an increase in Binance’s spot volume share is often associated with higher liquidity and smoother price discovery. Conversely, if Binance were to fall below a 30% volume threshold, it could signal a move toward more “fragmented liquidity” across exchanges such as Coinbase or Upbit. Such shifts could lead to more volatility and less predictable trading behavior. At present, Binance’s volume share is showing signs of recovery, suggesting that capital is still flowing through the exchange and supporting a relatively stable trading environment. Featured image created with DALL-E, Chart from TradingView

Oil and Gold Surge as Israel Strikes Iran Oil prices surged after Israel launched a military strike on Iran, prompting investors to move to safe-haven assets like gold and the Swiss franc. WTI Oil Daily Chart, June 13, 2025 close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The Tron (TRX) Sharpe Ratio suggests the cryptocurrency’s price may be far from overheating, a sign that the coin could have more upside potential. Tron Sharpe Ratio Is Still Significantly Below Overheating Zone In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Sharpe Ratio of Tron. The “Sharpe Ratio” refers to an indicator that compares the returns of an asset against the risk associated with it. The numerator in the ratio, the ‘returns’ portion, is defined as the difference between the average return of the coin and the risk-free return (that is, the theoretical return involved with an asset carrying zero risk) over a given period. The denominator, the ‘risk’ part, is the asset’s standard deviation of returns over the same window (in other words, its volatility). When the value of this metric is greater than 1, it means the cryptocurrency is printing returns that outweigh its risk. On the other hand, it being under the threshold suggests the asset’s performance has been lackluster compared to its volatility. Now, here is a chart that shows the trend in the Tron Sharpe Ratio over the last few years: As displayed in the above graph, the Tron Sharpe Ratio fell below the 1 level earlier, but its value has since returned above the mark. According to the quant, the metric being above the level has historically accompanied bullish price action. An extremely high value, however, has proven to be an overheating signal, with the asset tending to arrive at a top. “Whenever the Adjusted Sharpe Ratio climbs above 40, it often signals a market that’s overheating,” explains the analyst. “In the past, readings over 40 have lined up well with local tops.” So far since its return above 1, the Tron Sharpe Ratio has only managed to reach a high of 8.3, which is clearly significantly below this cutoff. This trend could mean that TRX hasn’t been too overheated. “With TRX’s Sharpe Ratio still far from historical peaks, the data suggests there’s plenty of upside room for a potential bull run in 2025,” says the quant. It now remains to be seen how the coin will develop in the near future, given this pattern. In some other news, the Tron network set a new record in USDT transaction volume last month, as CryptoQuant community analyst Maartunn has pointed out in an X post. In total, the month of May saw over $694 billion in USDT transaction volume on the Tron network. Around $411 billion of these transfers were of a size that’s generally associated with the whales. TRX Price At the time of writing, Tron is trading around $0.272, down 1% in the last week.

Klaas Knot, the outgoing head of the Financial Stability Board, has a message for the global finance world: keep your eyes on stablecoins. Speaking at a recent event in Madrid, Knot said we’re edging toward a point where crypto markets and traditional finance are so intertwined that a crack in one could rattle the other. Crypto Is Sneaking Into the Mainstream Knot isn’t panicking, but he’s definitely concerned. Right now, crypto doesn’t pose a direct threat to global financial stability. But the walls separating crypto from the rest of the financial system are getting thinner. And fast. Take stablecoins. These digital assets are pegged to real-world currencies, usually the dollar, and are often backed by U.S. Treasuries. When money flows into or out of these coins, it can shift demand in the bond market. That movement isn’t just digital—it can move real rates and create volatility in places central banks really care about. ETFs Are a Gateway for Everyone Another piece of the puzzle? Crypto ETFs. They make it dead simple to invest in Bitcoin or Ethereum without ever touching a crypto wallet. That might sound great for accessibility, but it also means more investors are exposed to crypto than ever before. Some of those investors are retail traders. Others are massive institutions. If a panic ever hits, the chain reaction won’t stay contained in crypto. This is what Knot calls the “tipping point” risk. We’re not there yet, but we’re getting close. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Treasuries Are in the Crosshairs Stablecoin issuers don’t just sit on piles of cash. They use their reserves to buy short-term government bonds, especially U.S. Treasuries. That might sound harmless, but the flows can be big enough to move yields. BitcoinPriceMarket CapBTC$2.07T24h7d30d1yAll time One study from the Bank for International Settlements found that large inflows into stablecoins can slightly lower bond yields, while big outflows do the opposite. In a market where a basis point matters, that’s enough to trigger alarms. The knock-on effects could spill into everything from interest rates to lending conditions. Lawmakers Are Moving In In the U.S., lawmakers are already trying to bring stablecoins under federal supervision. The GENIUS Act passed the Senate with strong support and is headed to the House. It aims to regulate dollar-backed stablecoins more like traditional financial products. Europe is also sharpening its focus. The European Central Bank has warned that stablecoins need stronger rules, or they could become a weak point in the financial system. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Changing of the Guard at the FSB Knot wraps up his term on June 30, with Bank of England governor Andrew Bailey set to take over. Bailey is expected to keep pushing for global rules that can tame crypto without crushing innovation. That won’t be easy, but it’s clearly on the agenda. Why It All Matters At its core, this is about risk management. The closer crypto gets to traditional finance, the more important it becomes to understand what might go wrong. Stablecoins and ETFs are no longer side projects. They’re levers that can move global markets. Knot’s message is simple: don’t wait for a crisis to connect the dots. The time to act is before the tipping point. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways FSB Chief Klaas Knot warned that stablecoins could pose a growing risk to global financial stability as they become more integrated with traditional markets. Stablecoin activity is influencing real-world markets like U.S. Treasuries, raising concerns about volatility and unintended consequences. Crypto ETFs are increasing exposure to digital assets across both retail and institutional investors, deepening potential contagion risks. Regulators in the U.S. and Europe are pushing for tighter oversight, with legislation like the GENIUS Act and ECB-backed proposals gaining traction. As Klaas Knot steps down, incoming FSB head Andrew Bailey is expected to continue the push for global crypto regulation. The post FSB Chief Klaas Knot Flags Stablecoins as Risk to Global Finance appeared first on 99Bitcoins.

Treasury Secretary Scott Bessent is making headlines with a bold claim. He says U.S. investors could end up holding a whopping $2 trillion in crypto. His prediction landed right as Bitcoin pushed past $110,000, lighting up a market that’s been searching for direction. Bessent’s $2 trillion crypto prediction means he thinks more Americans will start putting real money into crypto over time. Bessent Sees a Bigger Picture Bessent’s forecast isn’t just a number he pulled out of thin air. He’s been tracking how institutional money is steadily flowing into digital assets. Pension funds, hedge funds, banks, you name it, they’re all circling crypto with a lot more interest than they used to. Some have already taken the plunge. He pointed out that this isn’t just a tech play or a fad. The infrastructure around crypto is maturing. You’ve got secure custody, regulated exchanges, and more investor-friendly products. To Bessent, crypto is becoming just another part of the investment toolkit. Bitcoin Pops While Confidence Builds On the same day as Bessent’s remarks, Bitcoin surged past $110K. The timing wasn’t lost on anyone. Prices had been sluggish for weeks, but this breakout hinted at new life. Traders pointed to a mix of factors—regulatory tailwinds, big-name buyers, and some well-timed ETF news. The rally adds weight to Bessent’s comments. If crypto is on the rise again, the idea of institutions increasing their exposure doesn’t sound far-fetched. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Wall Street Is Warming Up There was a time when crypto and Wall Street barely spoke the same language. That’s changed fast. These days, investment firms are issuing reports on Bitcoin allocations. Banks are offering crypto custody. Big tech and traditional finance are linking arms. ETFs were the real game-changer. When the SEC approved Bitcoin and Ethereum spot ETFs, it provided a straightforward way for everyone, from retail traders to fund managers, to get involved. That alone opened the floodgates for billions in inflows. BitcoinPriceMarket CapBTC$2.07T24h7d30d1yAll time Bessent’s prediction leans on this exact momentum. If ETFs keep pulling in capital, and more institutions view crypto as less of a gamble and more of a long-term play, we might be heading toward that trillion-dollar mark quicker than expected. Why Regulation Matters Now It’s not just market moves pushing this forward. Regulation is starting to catch up. Earlier this year, the Strategic Bitcoin Reserve order set the tone. It called on agencies to assess digital assets and prepare for their role in the U.S. economy. Clearer rules give institutions confidence. They don’t want to end up on the wrong side of an SEC lawsuit or in some grey area of compliance. When the rules make sense, the money follows. DISCOVER: 20+ Next Crypto to Explode in 2025 Can the U.S. Really Hit $2 Trillion? It’s a big number. No question. But it’s not out of reach. The global crypto market cap already flirted with $3 trillion during the last cycle. If the U.S. takes a larger slice next time, driven by ETF growth, federal involvement, and corporate balance sheets, $2 trillion starts to look plausible. It won’t happen overnight, but we’re not talking fantasy either. What Comes Next? That depends on whether institutions stick with it. Will funds actually increase allocations? Will regulators move fast enough to support the growth without stalling it? And can Bitcoin keep its footing above $100K? Those answers will decide whether Bessent’s prediction ends up on target or gets filed under wishful thinking. If more companies and funds keep buying crypto, Bessent’s $2 trillion crypto prediction could actually happen sooner than expected. Final Thoughts Bessent’s $2 trillion call is bold, but not baseless. Crypto is no longer the outsider. It’s edging into the mainstream. Whether it becomes a cornerstone of U.S. portfolios depends on what happens next. But one thing is clear: the conversation is shifting, and it’s not going away. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Treasury Secretary Scott Bessent says U.S. investors could hold up to $2 trillion in crypto if current adoption trends continue. Bessent’s forecast is backed by rising institutional interest, with ETFs, custody services, and regulatory clarity driving momentum. The prediction landed as Bitcoin broke $110K, signaling renewed confidence in digital assets across markets. Crypto is becoming part of the mainstream investment toolkit, with pension funds, hedge funds, and banks slowly increasing exposure. If regulations keep evolving and ETFs continue pulling in capital, Bessent’s $2 trillion target may be closer than it sounds. The post Treasury Chief Says U.S. Crypto Holdings Could Hit $2 Trillion appeared first on 99Bitcoins.

Bitcoin price started a fresh decline below the $105,500 zone. BTC is now consolidating and struggling to stay above the $103,200 support. Bitcoin started a fresh decline below the $106,500 and $105,500 levels. The price is trading below $106,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $106,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh recovery wave if it clears the $105,500 resistance zone. Bitcoin Price Dips Sharply Bitcoin price started a fresh decline after it failed to clear the $110,500 resistance zone. BTC declined below the $107,500 and $106,500 support levels. The price even dipped below the $104,200 support level. Finally, it tested the $103,000 zone. A low was formed at $103,078 and the price is now consolidating losses below the 23.6% Fib level of the recent decline from the $110,273 swing high to the $103,078 low. Bitcoin is now trading below $105,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $106,600 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $104,200 level. The first key resistance is near the $105,500 level. The next key resistance could be $106,600 and the 50% Fib retracement level of the recent decline from the $110,273 swing high to the $103,078 low. A close above the $106,600 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another decline. Immediate support is near the $103,000 level. The first major support is near the $102,350 level. The next support is now near the $101,500 zone. Any more losses might send the price toward the $100,500 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $103,000, followed by $102,350. Major Resistance Levels – $104,200 and $105,500.

In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken a bullish turn. The token is currently trading at $8.403, up 1.82% (+$0.150), and has managed to break past the previous resistance range of $ 7.50–$ 8.00. This upward movement signals growing buying interest, and that momentum could be building for a stronger push ahead. Key Support And Resistance Levels Define UNI’s Next Move In his analysis, Crypto Man MAB highlighted UNI’s evolving price structure, pointing to key support and resistance levels. The immediate support is seen around $7.103, which marks the 24-hour low. If UNI pulls back further, stronger support may be found near $6.500, a level that has previously attracted buying interest and could act as a safety net for bulls. On the upside, resistance stands near $8.677, the recent 24-hour high. This zone is currently capping the rally, but if buying momentum persists, UNI could target the $9.0 mark next. While this level presents a psychological barrier, it also aligns with short-term bullish projections, adding more weight to its significance. In terms of market activity, Crypto Man MAB noted a notable increase in trading volume, which aligns with UNI’s recent price surge. This volume spike suggests that buyers are stepping in with strong conviction, reinforcing the strength behind the upward movement. A sustained high volume typically validates price action, which supports the argument for a potential rally continuation, provided the momentum holds and no major resistance halts the trend. Breakout Signals Strength, But Long-Term Caution Lingers According to the analyst, the UNI chart shows a shift from a period of consolidation into a noticeable upward breakout. The recent dominance of green candlesticks points to growing bullish moves and renewed buying pressure in the short term. However, the longer-term trend suggests a more cautious outlook. Over the last 180 days, UNI has declined by 53.31%, and its one-year performance shows a decrease of 18.98%, indicating that the asset has been in an overall downtrend despite recent gains. Presently, the Simple Moving Average (SMA) is demonstrating increased trading activity, which aligns with the positive price movement and supports the current bullish sentiment. This rise in volume may strengthen the case for a possible continuation of the ongoing upward trend, but traders should remain alert to any shifts in momentum. In conclusion, Crypto Man MAB noted that UNI is showing short-term upward strength, but the broader trend remains uncertain. However, a clear breakout above the $8.677 resistance level would be a strong signal for continued upside.

Crypto analyst InvestingScope has drawn market participants’ attention to a major occurrence that hints at an imminent altcoin season. The analyst also revealed how high the crypto market could reach as altcoins outperform Bitcoin during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In a TradingView post, InvestingScope revealed that altcoins have made a 1-day Golden Cross, the first since just right after the US elections. He noted that the rally that followed made new highs for these altcoins, indicating that another altcoin season may be on the horizon. The analyst also predicted that the total crypto market can reach at least $4.03 trillion on this rally. He noted that since the Bear Cycle bottom, this is the fourth 1-day Golden Cross and that the minimum the market has surged around such a formation was just over 73%. As such, the crypto market cap, currently valued at $3.39 trillion, can reach the $4 trillion target during this altcoin season rally. Altcoins have again rallied following the recent Bitcoin run close to its all-time high (ATH). The Ethereum price hit $2,900, coming close to the psychological $3,000 level. Additionally, the Solana price also hit $170, its highest level over the last 90 days. With two of the top major altcoins making these runs, this has further fueled optimism that altcoin season may be around the corner. Bloomberg analyst Eric Balchunas told investors to get ready for a potential Altcoin ETF summer with Solana likely leading the way. This development could be the catalyst that sparks the altcoin season, with the SEC already asking issuers to amend their S-1 filings. Meanwhile, the Ethereum ETFs just hit a four-month high of inflows, with $240 million flowing into these funds on June 11. These funds have also witnessed 18 consecutive days of inflows as optimism grows about the SEC approving staking for these funds. This could be another catalyst for altcoin season as the Ethereum price usually leads the way. ETH/BTC Breakout Is Imminent In an X post, market expert Paul Barron indicated that the ETH/BTC breakout was imminent, a development which would usher in the altcoin season. He declared that Altseason is preparing for a face-melter and that the ETH/BTC breakout is “committed”. The expert added that with market sentiment up 2.8%, ETH will be the leader. Crypto analyst Mikybull Crypto has also made a case for Ethereum to lead the altcoin season. In a recent analysis, he stated that from a technical perspective, ETH is looking solid at its current levels. The analyst claimed that $2,800 is the next resistance to clear out before a rally to a new high of $3,900. He added that Ethereum usually performs well near the peak of the cycle.

Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers see Cardano as more than just another blockchain token. Index Broadens To Nine Assets Based on reports from TapTools and Nasdaq’s Form 8-K, the index grew from five to nine assets. It now lists Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and adds Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). The change gives these newcomers a seat at the table. It also means more options for funds that track this benchmark. Impact On Weighting Of Bitcoin And Ethereum Previously, Bitcoin made up 85% of the index and Ethereum held 10%. With ADA and the other three in play, Bitcoin’s share falls to 75% and Ethereum’s to 11%. This shift lets portfolio managers spread risk across a broader set of tokens. It also lowers the concentration in the two biggest names in crypto. ETF Holdings Await SEC Signoff Even though the index itself now includes all 9 assets, the US-listed Hashdex Nasdaq Crypto Index ETF still holds only Bitcoin and Ethereum. That won’t change until the SEC signs off on updates to the ETF’s rulebook. Based on the current timeline, that approval is expected in early 2026. Until then, US investors can track the wider index on paper, but their ETF shares will stick with the original two coins. Cardano Gains Institutional Spotlight For Cardano, this is more than a trophy. It means added liquidity, better price support, and a clearer path into institutional portfolios. More cash in and out of ADA markets could narrow trading spreads and smooth out big swings. Trading platforms, custody services, and exchanges will feel the impact too. They’ll need to meet the index’s criteria—steady volume, regulated venues, and institutional-grade storage. Those checkpoints help keep major players comfortable when they decide to buy or sell ADA at scale. Overall, bringing ADA into this benchmark shows that big finance is watching Cardano more closely than before. Yet the final step—actual ETF inclusion in the US—still lies with regulators. Featured image from Unsplash, chart from TradingView

Log in to today’s North American session Recap for June 12. Today's session was marked by the another positive surprise with a miss on the release of the Producer Price Index, reducing again stagflation fears – a report relatively similar to yesterday's CPI. Keep an eye on the weekly Jobless claims report (coming out every Thursdays at 8:30 A.M. E.T.) as we've seen three consecutive weeks of the data reported above expectations. An uptrend in these reports may just start to contribute to a growingly negative sentiment in markets. US indices are sending conflicting sounds as they shot down yesterday and in the overnight session despite broadly positive news, with most indices up between 0.18% to 0.33% for the S&P. Only the Russell 2000 finishes the session down -0.44%. The rally from today's session did not overlap yesterday's sell-the-news from post-CPI flows, a theme to keep an eye on for upcoming trading sessions. It seems that markets are starting to price in more tensions in the Middle East - Gold broke above $3,400 and the US Treasury 30 Year Bond Auction had some demand to it. Read More: S&P attempts a comeback amid positive CPI and PPI reports Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum is at a critical juncture after breaking above key resistance but failing to sustain momentum toward the psychological $3,000 level. The recent surge brought optimism to the market, yet ETH has now pulled back slightly, struggling to extend gains as global uncertainty weighs on sentiment. With macro pressures mounting and negotiations between the US and China over a potential trade deal in focus, the broader market appears to be awaiting clarity before making its next decisive move. Top analyst Rekt Capital offered historical context to Ethereum’s current setup, pointing to two previous cycles where ETH successfully retested the $2,500 level before launching toward $4,000. In August 2021 and again in early 2024, ETH held $2,500 as strong support (green circles), acting as the foundation for a major breakout rally. This repeating pattern has investors now eyeing the same level with growing interest. As Ethereum trades near $2,750–$2,800, the coming days could determine whether this current setup mirrors past bullish cycles—or if momentum fades again. With strong support beneath and a clear historical roadmap above, ETH’s ability to reclaim strength could trigger the next leg in what many believe may be the start of altseason. Ethereum Echoes Past Patterns Ahead Of Potential Breakout Ethereum has rallied over 100% since its April lows, showcasing powerful momentum and heightened activity at current levels. After briefly tapping a local high near $2,830, ETH has retraced slightly but remains firmly above the $2,750 mark—a key area that now acts as short-term support. The strength of this rebound is fueling growing speculation that Ethereum may not only be preparing for another leg up but also setting the tone for a broader altseason. Analysts across the board are closely watching ETH’s current consolidation, with many citing historical patterns as a reason for optimism. Notably, Rekt Capital highlighted a recurring pattern that has previously led to significant rallies. In August 2021, Ethereum successfully retested the $2,500 level as support before surging to approximately $4,000. The same thing occurred in early 2024, when ETH once again bounced from $2,500 and rallied to the same zone. Now, for the past five weeks, Ethereum has repeatedly confirmed the $2,500 level as solid support, forming what appears to be a textbook foundation for another major move. This accumulation phase—mirroring past cycles—has many traders confident that ETH could soon reclaim $3,000 and begin leading altcoins higher. With macro conditions still uncertain and market participants looking for signals of strength, Ethereum’s behavior at these levels carries added significance. If ETH can maintain its position above $2,750 and build momentum through $2,830, the market could see an explosive shift in sentiment, potentially triggering the next phase of the bull cycle. For now, all eyes remain on Ethereum as it tests the top of its multi-week range with bullish conviction. ETH Holds Above Breakout Zone After $2,830 Rejection Ethereum is currently trading at $2,749 on the 4-hour chart, holding above a key breakout zone between $2,700 and $2,740 following a brief rejection at $2,830. After breaking above this multi-week resistance last week, ETH surged into higher territory before pulling back in the last few sessions. Despite this retrace, the price has so far maintained support above the previous resistance area, now acting as a strong demand zone. This range—highlighted by the yellow box on the chart—served as a ceiling for nearly a month before being flipped into support during the breakout. Ethereum is now consolidating right above this area, and as long as it remains above the 50 and 100 simple moving averages (SMAs), the bullish structure is intact. Volume has started to cool off slightly, suggesting that traders are waiting for a decisive move—either a bounce toward $2,800–$2,900 or a breakdown back below $2,700. A successful hold of this support zone could confirm the retest and build momentum for another breakout attempt. However, failure to hold $2,700 could see ETH revisit the 200 SMA around $2,570. For now, Ethereum remains technically strong, but traders are watching closely for confirmation. Featured image from Dall-E, chart from TradingView

The cryptocurrency picture is confusing to understand in the past week, with most altcoins rallying but the path is not a one way up. Bitcoin is unchanged and most altcoins are down in today's session. ETH for example broke above its 2,739 May highs establishing local highs at 2,879 on Wednesday before retracting. Prices are down 2.80% on the session but the descent looks more like a retracement than a full correction of the preceding up-moves. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum reclaimed a significant technical level in the latest 24-hour trading session, with its price crossing above the $2,800 mark and briefly touching $2,870. This interesting cross makes it the first time since February 2025 that Ethereum has traded above the $2,800 threshold. The move comes amid rising bullish momentum flowing out from Bitcoin, and according to recent analysis from a crypto expert, this could be just the beginning of a much larger rally for Ethereum. Technical Pattern Says Ethereum Could Be Close To $20,000 An interesting technical formation on Ethereum has now caught the attention of some traders: a classic inverse Head and Shoulders bottom. According to crypto expert Gert van Lagen, who shared his analysis on the social media platform X, this inverse head and shoulders is setting up on a long-term timeframe. Specifically, Ethereum’s two-week candlestick chart, shared by the analyst, reveals a fully formed structure with a left shoulder in mid-2021, a pronounced head that took shape during the bear market in late 2022 to early 2023, and a right shoulder forming throughout the 2024 correction into early 2025. The left shoulder emerged in mid-2021, when Ethereum’s price peaked around $4,870, then retraced into the year-end. The head was formed at the lows around $1,350 in 2022 and 2023. The right shoulder is currently in formation after the Ethereum price rebounded from roughly $1,600 in 2025. Finally, this pattern is also highlighted by a symmetry around the neckline drawn near the $4,200 price region. Keeping this in mind, the neckline of the pattern, which is anchored just below the $4,200 resistance level, is now the most important level to break above. A confirmed breakout above this zone could activate the full bullish target projected by the technical formation. ETH Price Close To $20,000 According to Gert van Lagen, the two-week head-and-shoulders pattern suggests Ethereum may be “closer to $20K than most anticipate.” His price target calculation follows a classic technical methodology. By measuring the vertical distance from the head’s lowest point to the neckline resistance and then projecting that same distance upward from the neckline, he arrives at a target of approximately $19,500, which is more than a 600% gain from today’s price levels. In the same analysis, van Lagen also highlighted a descending broadening wedge pattern that has been forming since mid-2023. This secondary structure reinforces the notion that Ethereum may embark on a significantly larger breakout once $4,200 is cleared. However, this projection of $19,500 is based on the technical symmetry of the inverse head and shoulders pattern, rather than fundamental shifts in Ethereum. Additionally, there is no clear timeline for this target; however, based on the multi-year nature of the inverse head and shoulders pattern, the price target may also take up to four years to materialize. At the time of writing, Ethereum is trading at $2,772, having retraced slightly from $2,870.

Nova Scotia, having recently lifted its decades-long ban on uranium exploration, says it has not received any bids for the request for proposals (RFPs) covering three areas prospective of the nuclear fuel. The RFPs were announced last month by the government of Nova Scotia following its repeal of the province’s 44-year ban on uranium, which came into effect late March. These RFPs called for individuals and companies to apply for exploration licences in three areas identified by the Department of Natural Resources to have higher levels of uranium: East Dalhousie, Louisville and Millet Brook. The application deadline was Wednesday, June 11. “In the case of uranium specifically, there was no bids,” Nova Scotia Premier Tim Houston said to reporters in a news brief on Thursday. He went on to say that uranium was just one of many critical minerals that the province has listed for mining opportunities to grow what he considers to be the “worst performing economy in North America.” Pushback on uranium The province’s move to allow uranium exploration has been met with strong pushback. Multiple municipalities have requested a delay to assess potential effects, while the Assembly of Nova Scotia Mi’kmaw Chiefs has condemned the lack of consultation. The Nova Scotia chapter of the Canadian Association of Physicians for the Environment also raised concerns about health risks, warning that uranium is both radioactive and chemically toxic, with the potential to contaminate water in high-rainfall regions. However, Premier Houston said he believes uranium mining can be done safely. “There are a number of ways to explore for uranium,” he told CityNews. The province was once a hotbed of uranium exploration in the late 1970s, with tens of millions of dollars spent by major energy companies like Shell and Esso, before a moratorium was imposed due to health concerns. According to the Mining Association of Nova Scotia (MANS), uranium mining methods now are much different than what they were some 40 years ago. Today, most uranium is mined using solution mining (aka in-situ leaching), which results in less disturbance at surface and produces basically no tailings or waste rock, it said. More action needed In response to the RFP bidding results, MANS believes the next step the government needs to take is to cut red tape in permitting while maintaining environmental standards. “Fixing permitting is essential because it takes an average of 17 years to get from mineral deposit discovery to actual mining – too slow to achieve climate goals,” MANS said in a statement issued Thursday. “Permitting is a major bottleneck in the process. That is why jurisdictions across Canada and around the world are taking steps to expedite permitting, while continuing to ensure the highest environmental standards are applied,” it added.

The overlooked, underpriced, manipulated cousin of gold is finally having its moment. Silver is quietly, but confidently, rocketing to 13-year highs, and the best part? Hardly anyone’s paying attention! Though the market continues to pretend it has somewhere to go, momentum is cracking. Goldman’s momentum index slumped 1.5%, while high-beta junk popped 1.2%, marking a divergence that always spells trouble. Then came Apple and for the second year in a row, Tim Cook & Co. fumbled the AI bag on center stage. Instead of dazzling us with innovation, Apple reminded the world it’s still selling the same phones with slightly different lenses and a shinier case. Stocks are disrupted and Tech missteps are mounting as whipsaw presidential policies seem hellbent on sinking the markets. Goldman’s futures desk is pointing out that call option volumes are exploding, the largest silver ETF just posted its strongest weekly inflow in nearly a year, and notional options volume in that ETF hit record highs last Thursday. Physical silver is finally digging into the outrageous 108:1 ratio discrepancy with gold and due to these strong indicators, it’s not just another “dead cat bounce.” As of this writing, the metal is trading at $36.80 an ounce, its highest level since September 2011. If you recall that year, silver briefly touched $50 before being pushed back into submission by central bank sell orders and paper contract manipulation. Silverella’s headed back to the Ball, but this time the Prince is intentionally looking for her and when he finds her, the shoe is going to fit! To find todays price of silver, purchase silver today or see if you qualify to own silver in your IRA, call American Bullion at 1-800-465-3472. The post SILVERELLA is on Her Way to the Ball first appeared on American Bullion.

DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a must for any firm raising capital through public offerings. Without it, the commission won’t even consider your request. DeFi Development filed in late April 2025 but overlooked this step, a basic requirement in US securities law. Plan To Buy Solana Based on reports, the company aimed to use the funds to buy Solana tokens. Solana ranks as the sixth-largest cryptocurrency by market cap. The filing showed some of the $1 billion would go toward staking rewards and token purchases. Staking can earn regular returns, but only if SOL holds or gains value. Putting such a large stake into one chain carries risks if market prices dip. Withdrawal And Next Steps DeFi Development confirmed that no securities were issued during this process. It said it plans to refile once the controls report is in place. A quick resubmission—perhaps within 30 or 45 days—would signal they were almost ready. Investors will watch whether the company brings in an experienced underwriter or auditor to prevent another slip. Market Reaction Some traders had hoped the influx of a billion dollars in Solana tokens would boost the price. Now that the filing is on hold, those bets may stall. Markets often react when big purchases are delayed. Based on trading patterns, any sudden buy order of hundreds of millions in SOL could swing prices up or down. What Comes Next DeFi Development’s experience highlights that crypto firms must meet the same rules as any other public issuer. Skipping standard checks can derail even the boldest plans. The company’s next move will show how well it can balance its blockchain ambitions with straightforward regulatory steps. For now, the token-buy plan waits in limbo, and everyone from investors to developers will be watching the next filing. Featured image from Reuters, chart from TradingView

The Euro has demonstrated an outstanding performance at the start of 2025, largely unchallenged by a particularly weak Canadian Dollar early in the year. After trading within a 1.40 to 1.50 range for the past four years, the EUR/CAD pair broke out higher, now testing its year-beginning highs. This surge coincided with European nations uniting on plans to significantly increase investment within the EU, particularly in infrastructure and military sectors. Mirroring this focus, Mark Carney recently announced Canada's commitment to raising military spending to 2% of the nation's GDP. This notable increase could provide a similar boost to the Canadian Dollar as seen with the Euro, though the scale of its impact remains to be seen. In broader geopolitical news, ongoing trade deal discussions between the US and Canada are currently underway, with markets keenly awaiting further headlines. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Greenland-focused Amaroq Minerals (AIM, TSXV: AMRQ) has raised £45 million in an oversubscribed financing round to support its strategy of tapping into the island’s rich mineral resources, which have garnered interest from the world’s superpowers including the US. As announced earlier this week, the Toronto-headquartered Amaroq aimed to raise at least £30 million (or the equivalent of approximately C$55.5 million) through the issuance of shares priced at 85 pence (C$1.57) each. The funds would be used to support the company’s production expansion plans at its flagship Nalunaq gold mine in southern Greenland, as well as create a new operations hub in the western part of the island. On Thursday, Amaroq announced that the offering was oversubscribed to £45 million (C$83 million), with the issuance of nearly 53 million new common shares, representing approximately 11.7% of its share capital. The stock traded at 84.4 pence in London and C$1.58 in Toronto as of midday Thursday, for a respective market capitalization of £346.6 million and C$634.5 milllion. According to the company, around 90% of the funds were secured from a broad range of institutional investors from the UK, US and Europe. EIFO, Denmark’s state-backed export and investment fund, was among the notable participants, purchasing £11.3 million worth of shares. The fund has been an investor in Amaroq since 2019, and the new investment positions it as a top three investor in the company. Strategic importance Peder Lundquist, CEO of EIFO, said: “Greenland is a strategic priority for EIFO, and we aim to increase our activity. We see this investment as an important part of our strategy to support the development of critical minerals and advance sustainable economic growth in Greenland.” A 2023 survey by the European Commission showed that 25 of 34 minerals deemed “critical raw materials” by the bloc can be found in Greenland. Many of these deposits, due to their remote locations, have yet to be fully explored. The Greenland government views the development of its mineral sector as a key strategy for economic diversification. Recently, its minister for mineral resources urged both the US and EU to increase their investments in Greenland’s resource development. Amaroq’s growing footprint “Greenland is one of the last remaining frontiers in the world and we recognize that in order to access the resource potential, whilst at the same time building the infrastructure to leverage the opportunity; a full cycle mining enterprise approach is required,” Amaroq CEO Eldur Olafsson said in a press release this week. Amaroq, which poured first gold from its Nalunaq mine in late 2024, has set sights on several strategic metals throughout Greenland. In the south, it has two exploration projects that are prospective for copper, nickel, rare earths and other minerals. The company is also looking to set up a new exploration hub in the west, focusing on lead, zinc and silver. As part of its expansion into western Greenland, Amaroq plans to acquire the previously operated Black Angel mine and a separate exploration licence area for US$10 million, which would be funded by the new equity raising. Upon completion, the company would become the largest mineral licence holder in Greenland with a total area of 7,501 km2. Its flagship gold mine was also a past producer, producing more than 350,000 oz. between 2004 and 2013 before being acquired by Amaroq in 2015.

According to market technician Cantonese Cat (@cantonmeow) a single metric—the 20-month simple moving average—could be the line that could separate another vertical rally from a gut-wrenching breakdown for Dogecoin. Currently, DOGE sits comfortable above that moving average, now plotted at $0.1751. The black curve on Cat’s chart shows only three clean retests of the 20-month SMA since 2014. All Eyes On Dogecoin’s 20-Month SMA The first came in March 2017, when price tapped the average near $0.00020 and then ripped more than 9,000% into the January 2018 peak. The second occurred in the winter of 2020, with price kissing the average at roughly one-fourth of one cent before the parabolic 34,500% run to $0.73 the following May. The third and current encounter began in August last year when DOGE rallied by more than 480%. As of today, two successive monthly candles dipped into the zone just below twenty-cents, but both were bought aggressively, leaving higher wicks and preserving the upward slope of the average. Cantonese Cat argues that as long as that moving average remains intact, “we’re going higher.” A decisive monthly close beneath $0.175 would, by this read, place the entire structure at risk and could usher in the sort of multi-month down-trend that followed the 2018 and 2021 climaxes. TOTAL2 Needs To Break Out Analyst Kevin (@Kev_Capital_TA) overlays that micro view on a much broader canvas. His chart tracks the total crypto market capitalization ex-Bitcoin (TradingView ticker “TOTAL2”) in monthly candles back to 2017. Two bold yellow trend-lines define a seven-year rising channel whose upper rail repelled price at the January 2018 and November 2021 alt-season tops. Since the June 2022 low, the market has carved out an ascending triangle: a rising series of higher lows presses against a flat-topped supply zone between roughly $1.43 trillion and $1.7 trillion. The apex of the triangle now looms; aggregate alt-cap is already worth about $1.2 trillion — all that stands between the current print and a confirmed breakout is a monthly close above the upper edge of that yellow rectangle. Kevin’s projection measures the height of the pattern and adds it to the breakout level, dropping a vertical marker that intersects the mid-channel near $5.89 trillion. Kevin’s first Fibonacci extensions target is the 1.618 at $4.06 trillion. Higher extensions at 1.886, 2.0 and 2.618 cluster around $4.57 trillion, 5.89 trillion and $6.9 trillion respectively, the last of which coincides almost exactly with the channel’s ceiling and is circled as the analyst’s ultimate upside objective. Why does that matter for Dogecoin? The meme-coin’s two explosive cycles began only after TOTAL2 had broken its own prior-cycle high and money poured into non-Bitcoin assets. Kevin states that “altcoins are just scratching the surface of what is possible in the coming months,” provided that macro-liquidity and regulatory factors permit capital rotation out of Bitcoin into the wider market. In that scenario the 20-month SMA on DOGE would likely continue to slope higher, setting the stage for an explosive move higher. Conversely, failure of the alt-cap triangle would make a sustained loss of the SMA far more probable, robbing DOGE of its historical launch-pad. For now, the indicator holds—and with it the prospect that Dogecoin could be primed for yet another bout of furious upside. But as both analysts caution, the monthly close will tell the story: above the 20-month SMA and an alt-cap breakout, or below it and back into hibernation. At press time, DOGE traded at $0.189.

Gold prices rallied to a one-month peak on Thursday as simmering Middle East tensions, coupled with increased momentum for a Federal Reserve rate cut, drove the metal higher. Spot gold advanced 1.0% to $3,388.20 an ounce as of 10:40 a.m. ET, closing in on the $3,400 mark for the first time since early May. Meanwhile, US gold futures rose by 1.9% to $3,406.60 an ounce in New York. The rally comes amid renewed geopolitical concerns in the Middle East after reports of Israel considering an attack on Iran while the latter is set for nuclear deal talks with US. Gold, a safe-haven asset, surged after news of the possible military strike broke Wednesday evening. Also supporting gold were fresh data that showed a marginal increase in US producer prices in May, indicating that tariffs have yet to hit businesses. This followed Wednesday’s cooler-than-anticipated monthly Consumer Price Index (CPI) report. Based on the latest economic signals, traders now see an 80% chance of a Fed rate cut in September, followed by another one in October, according to Reuters. On the tariff front, Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher US tariffs take effect. (With files from Reuters)

A resource update for Cassiar Gold’s (TSXV: GLDC) Taurus project in northern British Columbia has converted almost 20% of inferred tonnages to indicated over the initial estimate from three years ago. With a cutoff grade of 0.5 gram per tonne, the updated resource includes 7.13 million indicated tonnes grading 1.66 grams gold for 380,000 oz. and 48.1 million inferred tonnes at 1.11 grams gold for 1.71 million oz., Cassiar said Thursday. That represents a 23% rise in contained gold in the inferred category from 2022, when it was estimated at 1.39 million oz. grading 1.14 grams gold. “Our cumulative programs have advanced a robust gold deposit that hosts mineralization from surface, with continued exploration upside,” CEO Marco Roque said in a release. “We look forward to building on this foundational resource and unlocking the potential of the prospective Cassiar land package.” Located near the Yukon border, Taurus is part of Cassiar North, one of two main project areas that make up the company’s 590-sq.-km flagship Cassiar gold property. The other area, Cassiar South, hosts numerous gold showings, historical workings and exploration prospects. New holes The latest estimate for Taurus draws on about 65,667 metres of drilling across 598 holes sampled by the company and previous operators. It incorporates results from 107 new holes and about 31,237 metres of core drilled since 2022. Taurus holds “strong potential for expansion in most directions with several areas of mineralization identified beyond the extent of the current pit shell model and sparse drill data between mineralized areas,” the company said. The deposit covers about 0.3% of the Cassiar property mineral tenure within an area that hosts several prospective outlying targets. Cassiar shares were unchanged at C$0.245 in Toronto Thursday morning, giving the company a market capitalization of about C$32 million. The stock has ranged between C$0.18 and C$0.37 in the past year.

US Indices are reacting interestingly to two major pieces of data that surprised positively when it comes to inflation, particularly after the NFP beat. Markets shot up after the release of the Producer Price Index data but still not above yesterday's highs after a Risk-Off overnight session with starting to price in cuts more aggressively after the softer data. Is the market starting to look at something else for the US? Inflation data has surprised positively twice, with the Core PPI coming in at 3.0% vs 3.1% exp. and Core CPI coming in at 0.1% m/m vs 0.3% expected. Just a reminder that the Federal Reserve prefers to track Core data to avoid more volatile energy and food prices before switching their policy stance. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.