Redator

Even as the Trump administration vigorously works to fulfill its promise to end crypto debanking, another country rediscovers one of crypto’s core principles. Decentralization in Belarus offers a crucial way to bypass economic sanctions, echoing one of crypto’s core principles. Both the US and Belarus show how crypto and tokenization are shifting from the outskirts of financial innovation to the heart of regulatory and economic strategies. Regulatory Shift in the U.S. From Exclusion to Inclusion Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency (OCC), has announced a decisive change in how the agency will handle crypto businesses. The OCC plans to eliminate what Gould describes as a ‘two-tiered system’ where banks have been pressured to avoid legitimately compliant crypto firms. Under the new policy, legal crypto activity will no longer be grounds for denial of basic banking services. One common reason for debanking has been risk, emphasizing crypto’s inherently volatile nature. Gould pointed out that firms involved in crypto need to develop strong infrastructure and risk management. But he also stated that innovation in financial systems, including via crypto, didn’t need to be at odds with safety and soundness. The regulatory shift is part of a larger political effort. Executive orders, laws related to stablecoins, and strong political backing from crypto donors all indicate that America under Trump is accepting legitimate crypto businesses. Economic Pressures Driving Adoption: Belarus Responds to Sanctions Thousands of miles away, Belarus, under President Alexander Lukashenko, pursues a different but related route. Subject to severe sanctions from the European Union – targeting institutions and individuals alike – Belarus is doubling down on crypto and tokenization as tools for resilience. — Alexander Lukashenko, Speech to National Bank officials For Belarus, tokenization is more than just a way to boost efficiency: it can decrease dependence on intermediaries, accelerate transactions with smart contracts, and give individuals greater control over their assets. Those are rallying cries for most crypto users, and the actions taken by both the US and Belarus show that decentralization remains as powerful as ever. The faster the crypto economy expands, the better for these tokens, which might be the best crypto to buy. Maxi Doge ($MAXI) – $DOGE’s Little Brother Grows Up, Gets Ripped It’s not like Dogecoin is doing poorly – it’s up 16% for the week, with a market cap over $37B. But it could do even better, and Maxi Doge ($MAXI) is here to prove it. Maxi Doge centers around a vibrant community and an exceptionally bullish outlook. The project plans to trade with 1000x leverage and adopts a ‘no stop loss’ approach. It is a pure meme coin, with no utility, and they are fine with that. Despite the sheer ambition – or maybe because of it – $MAXI is already surpassing $2M in the ongoing presale. Tokens are priced at $0.0002565, but the cost will increase as the presale continues. Maxi Doge aims for maximum gains, and the tokenomics are designed accordingly. A full 40% of the available tokens are allocated to marketing to give the project the best chance to surpass $DOGE. Don’t miss the next big dog – visit the Maxi Doge presale page today. Best Wallet Token ($BEST) – The Best Web3 Crypto Presale Wallet Even as Belarus rediscovers the importance of decentralization, Best Wallet continues to make waves in the non-custodial wallet world. Keep your crypto securely in your control—no third-party access—and connect with the entire web3 ecosystem using Best Wallet. Buy, store, swap, and spend your cryptos with Best Wallet and the upcoming Best Card. And now, the $BEST token adds a range of utility to the wallet, including lower gas fees and higher staking yields. What is Best Wallet Token? It’s part of one of the best crypto wallet economies around. Learn how to buy $BEST and check out the Best Wallet Token presale page for the latest info. Solana ($SOL) – With More ETFs On the Way, $SOL Surges 10% Up 10% in the past week, Solana continues a very good run in 2025. That doesn’t show any signs of slowing down; recent Solana news includes more companies forming Solana treasuries and pending ETFs nearing approval. Solana was a relatively recent addition to the crypto treasury boom, but the ongoing growth of Strategy’s favorite approach has been positive for the world’s sixth-largest cryptocurrency. As both major economies like the U.S. and sanction-hit states like Belarus embrace crypto’s inherent utility, look for $SOL, $BEST, and $MAXI – altcoin, utility token, and meme coin – to become some of the best crypto to buy. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/cryptos-turning-point-us-promises-to-end-crypto-debanking

Bitcoin miners are shifting strategies as the BTC price rebounds back above $114,000 after declining from all-time highs. Instead of sticking to familiar patterns, mining firms are adjusting how they manage their holdings and operations, signaling a change in the status quo as market conditions slowly recover. Bitcoin Miners Shift From Selling To Accumulating A new analysis from CryptoQuant suggests that Bitcoin miners are breaking away from historic patterns as BTC hovers above $114,000. The data reveals a significant structural shift in miner strategies, with long-term accumulation taking precedence over aggressive sell-offs, even during price surges. The Miners’ Position Index (MPI) has historically been a crucial market sentiment indicator. CryptoQuant revealed that sharp spikes in MPI often occurred during two critical periods—pre-halving, when miners sold operations of their holdings to secure liquidity, and late bull markets, when they took advantage of retail-driven price momentum. However, the trend is markedly different in the current cycle. While some pre-halving selling has been recorded, the signature late-cycle liquidations are noticeably absent. According to CryptoQuant, this deviation suggests that external factors such as Spot ETF approvals from sovereign economies’ recognition of Bitcoin as a strategic reserve could be encouraging miners to hold onto their BTC rather than liquidate it. The resilience of the Bitcoin network itself represents another critical aspect of this shift. Mining difficulty has soared to unprecedented levels, with its trajectory following what analysts have dubbed the “Banana Zone.” Such sporadic growth not only underscores miners’ confidence in Bitcoin’s long-term potential but also reduces the likelihood of a miner-driven supply shock hitting the market. Transaction fees provide further confirmation of the recent changes in miner strategies. CryptoQuant notes that in previous cycles, spiking fees were usually precursors to overheated market conditions and inevitable downturns. Despite significant fee increases, Bitcoin’s price action has remained steady this time, showing a stepwise rally rather than a blow-off top. The pattern strongly supports the theory that miners are strategically accumulating BTC instead of releasing supply during short-term demand surges. Mining Difficulty Rises Despite BTC Price Volatility Even as miners adopt a longer-term strategy, Bitcoin’s mining difficulty continues to top the charts, climbing past 136 trillion earlier this week and marking a new all-time high. While this milestone highlights the network’s unmatched resilience, it comes during increased volatility in Bitcoin’s price action. Notably, crypto analyst Matthew Hyland pointed out that Bitcoin’s monthly Bollinger Bands have reached their most extreme level in history, signaling an unprecedented surge in volatility across the market. In addition, over the past month, Bitcoin has dropped 4%, retreating from its ATH level above $124,000 to its current level of $114,000, according to CoinMarketCap. Although its 2.73% increase to $114,000 in the last week signals growing momentum, market analysts remain cautious about what lies ahead.

A persistent nickel ore shortage in Indonesia is raising costs for producers even as a wider global surplus in the refined metal caps prices, according to a market summary this week by commodity analyst CRU. Permitting issues are a key reason for the ore scarcity. In the first half of 2025, nickel ore imports from the Philippines to Indonesia surged by 154% year-over-year to address the deficit. The ore tightness has led to Indonesian nickel ore producers selling at a premium of about $28 per tonne over the reference mineral price, an amount not included in official price reports. This has pushed CRU’s estimated all-in sustaining costs (AISC) for nickel pig iron (NPI) in Indonesia to a range of $10,500 to nearly $16,000 per tonne of nickel. By comparison, PT Merdeka Battery Materials produced about 82,000 tonnes of Indonesian nickel in NPI last year at an AISC of $11,200 per tonne or less. “Most producers agreed that nickel prices will remain at around $15,000 per tonne for the remainder of the year, with CRU forecasting that nickel will remain in surplus to the end of the decade,” BMO Capital Markets wrote in a note on Thursday. The production cost may become excessive if fuel, labour and royalty costs tick higher. Indonesian smelters have already asked the government to delay planned royalty hikes until prices recover towards $17,000 per tonne, arguing that current margins are too thin to absorb additional levies. Main producer Indonesia accounts for more than half of global nickel production with 2023 output of 2.2 million tonnes, according to a US Geological Survey report. The country, rife with Chinese miners supported by Beijing subsidies, has often been blamed for lower nickel prices in recent years, threatening the economic feasibility of many projects in the West. The ore and costs issue, which gained wider exposure at last month’s Nickel Producers, Processors and Buyers conference in Jakarta, highlights the balance between global demand and local supply chain challenges. The split between short-term ore tightness and longer-term refined surplus is setting the tone for producers and investors weighing expansion plans. The persistent shortfall of domestic laterite ore is linked to Work Plan and Budget approvals, known by the Indonesian acronym RKAB. The broader market picture remains negative. Projections from the International Nickel Study Group point to another large surplus in refined nickel this year as new supply outpaces demand growth from stainless steel and batteries. Jakarta has been revisiting how RKAB production quotas are set and policed. Officials signalled a shift back to one-year quotas to better control supply, after a brief move to three-year terms in 2023, and floated higher royalties. Those policy currents, coupled with mine-site bottlenecks and weather, have left smelters competing for higher-grade saprolite and paying premiums that CRU noted don’t show up in benchmark prices. New pricing Private-market pricing is beginning to surface, highlighting the need for benchmarks closer to where costs are occurring. Fastmarkets in July launched domestic Indonesia nickel-ore assessments for 1.6% and 1.2% nickel laterite trades. Independent market trackers including the Shanghai Metals Market and regional commodity bulletins have pegged mainstream Indonesian laterite premiums in recent weeks around $24–28 per wet tonne, broadly in line with the levels discussed in Jakarta that CRU mentioned. What happens next hinges on policy execution and ore logistics as much as on macro demand, CRU said. If Indonesia tightens RKAB quotas to smooth the supply-demand balance — as ministers have suggested — and if domestic mining approvals catch up, ore premiums could ease and cost pressure might abate into 2026. Conversely, a prolonged reliance on imported ore from the Philippines could embed higher, off-index input costs into NPI, while broader market surpluses cap any price relief for producers, CRU said. Either path reinforces a key theme from Jakarta: in nickel’s current landscape, tightness in the raw material can coexist with an abundance in refined metal.

Foran Mining (TSX: FOM) says it has secured up to C$70 million in Saskatchewan provincial tax credits to support the development of its McIlvenna Bay project in the Flin Flon greenstone belt. In a press release Thursday, Foran confirmed that its polymetallic project officially became part of Saskatchewan’s Critical Minerals Processing Investment Incentive (CMPII) program. Launched a year go, the CMPII represents one of two new government initiatives aimed at boosting the production of 11 designated critical minerals, including copper and zinc, within the province. The McIlvenna Bay project hosts the region’s largest massive sulphide deposit, containing 39 million indicated tonnes grading 1.2% copper and 2.16% zinc, containing 1 billion lb. of copper and 1.9 billion lb. of zinc. About 70% of the contained metals are probable mineral reserves. The project reached the feasibility stage in 2022, with a report outlining an 18-year mine capable of producing an average 34.5 million lb. of copper and 58.6 million lb. of zinc annually. It defined a capital cost totalling C$368 million for the initial phase, translating to $0.24/lb. copper equivalent. However, that cost estimate has since risen significantly, with Foran now projecting over C$1 billion for the Phase 1 build. Shares of Foran Mining jumped as much as 5.5% to C$3.39 on the announcement, giving the Vancouver-based mine developer a market capitalization of C$1.7 billion. Mid-2026 production Construction of the project began in July 2024, and Foran recently said it has surpassed the halfway mark, placing it on track and budget for a mid-2026 production. To meet the construction timeline, management is banking on C$645 million in cash net of payables, credit facilities of C$153 million, a C$25 million federal Strategic Innovation Fund contribution, and a Critical Minerals Infrastructure Fund grant of up to C$15 million, plus investment tax credits of $10 million. From June 2024 to the end of first quarter 2025, the company has incurred approximately C$381 million of costs toward its Phase 1 capital budget, resulting in remaining cost to completion of C$701 million. Credits in 2027 Projects under the CMPII program are eligible to earn royalty tax credits equivalent to 15% of specifically recognized project costs incurred up to a defined date. In McIlvenna Bay’s case, this would be C$70 million, which can either be applied to offset future payments due under Saskatchewan’s Mineral Crown Royalty Tax or potentially monetized through the sale to third parties. Once a project reaches completion, the CMPII royalty credits are calculated based on incurred eligible costs and earned over a three-year period: (20% in Year 1, 30% in Year 2, and 50% in Year 3). Should McIlvenna Bay begin production next year as planned, Foran is expected to earn these credits in 2027. “The CMPII program is a tangible example of Foran pursuing innovative initiatives to optimize our financial position, support future deleveraging and deliver value to stakeholders,” Foran’s chief financial officer James Steels stated in a press release. “Our government is proud to support companies like Foran who are helping us make progress towards our goals in Saskatchewan’s Critical Minerals Strategy,” Minister of Energy and Resources Colleen Young added. “Programs like the Critical Minerals Processing Investment Incentive have been successful in showing industry partners that Saskatchewan is the best place in the world for mining investment.”

Brian Armstrong’s firm, Coinbase, continues to advocate for UK crypto policy, as a petition to shake up British blockchain frameworks and crypto regulations gains thousands of signatures. So far, the petition calling for the United Kingdom to adopt a pro-innovation blockchain and stablecoin framework has surged past 5,000 signatures, after Coinbase triggered a wave of attention by sending in-app notifications to its UK user base this week. Days later, George Osborne, the former Chancellor of the Exchequer and now Coinbase adviser, warned in the Financial Times that the UK had “allowed itself to be left behind” on crypto adoption. Osborne highlighted stablecoins as the decisive next wave, noting that the US Genius Act had already created a regulated pathway for dollar-backed issuers. At the same time, Britain had failed to provide similar clarity for sterling. The Bank of England has so far maintained a sceptical line. Governor Andrew Bailey recently said stablecoins must prove they meet the “singleness of money” test, demonstrating one-to-one exchangeability with existing money, before being widely accepted. Chancellor Rachel Reeves has promised to “drive forward” on stablecoin regulation but has provided little detail, leading industry insiders to accuse the Treasury of prevarication. Coinbase’s strategy of mobilizing its retail user base could intensify political pressure. While the exchange has previously campaigned through policy papers and lobbying, its app’s direct call to action marks a new stage in public advocacy – catalyzing its userbase for democratic sway. If momentum continues, the petition could crystallize into one of the most visible signals yet that crypto users in Britain are prepared to push for regulatory clarity, and form a political faction. Significant, especially after the success of the Trump campaign in creating a crypto voting block last Year. For a government juggling post-Brexit competitiveness and wary of financial instability, the question is whether it can afford to ignore calls for a coherent digital asset strategy any longer. The petition is only halfway to its first milestone, but Coinbase’s intervention has ensured it will be watched closely by industry and policymakers alike. Sign The Petition Here EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Thousands Sign Crypto Petition: Is Coinbase Starting a Crypto Revolution in UK? appeared first on 99Bitcoins.

GoviEx Uranium (TSXV: GXU) and the Niger government have agreed to extend a break in international arbitration over their Madaouela project clash by another six months. While the two sides are willing to find a solution, the extension doesn’t guarantee the talks will lead to a definitive agreement, GoviEx said in a release on Thursday. If a resolution can’t be reached during the extended period, arbitration proceedings under the Washington-based International Centre for Settlement of Investment Disputes (ICSID) might continue. The dispute is rooted in Niger’s military government revoking GoviEx’s permit for Madaouela in July last year after it failed to meet mine start conditions set by the regime. The company has been working on Madaouela since 2007 and had a framework agreed with the previous government. GoviEx then launched arbitration proceedings against Niger last December through the ICSID to get the mining permit back. Sahel mining woes The rift reveals the realities of resource nationalism in the Sahel region of West Africa, which is also beset with dictatorships in neighbouring Mali and Burkina Faso. Juntas, in bids to stem Islamic terrorism and reapportion wealth from agreements with Western mining companies, run a belt of countries across Africa from Guinea on the Atlantic Ocean to Sudan on the Red Sea. One of the highest profile examples of military regimes seeking advantage concerns Barrick Mining (TSX: ABX; NYSE: B). It has encountered numerous difficulties with the Mali government over the last two years. In addition to GoviEx, French state-owned uranium miner Orano has also faced challenges from the Niger government, which took control of its Somair mine last December and in June announced plans to nationalize it. The government also withdrew the mining permit for Orano’s Imouraren project last year. Canadian miner Global Atomic (TSX: GLO) by contrast, has managed to maintain support from the government and its Dasa uranium project is currently in the construction stage. Mid-tier contender Previous to the permit dispute, GoviEx had advanced Madaouela to the feasibility stage, and its 2022 study outlined a mid-tier project in deposit size and grade by global rankings. That study gave Madaouela a 19-year mine life with total production of 50.8 million lb. uranium oxide (U3O8), an after-tax net present value (at an 8% discount) of $140 million and an internal rate of return of 13.3%. Initial capital costs are forecast at $343 million. GoviEx had planned to start production this year, subject to financing. Zambia uranium pivot Meanwhile, GoviEx last month entered the Australian capital market by combining with ASX-listed shell company Tombador Iron (ASX: TI1) in a proposed reverse takeover. It continues to advance with that bid, with the eventual goal of creating ASX-listed uranium developer Atomic Eagle that would focus on advancing the Muntanga project in Zambia. Muntanga could support a 12-year life with average annual production of 2.2 million lb. of U3O8, at operating costs of $32.20 per lb., according to a feasibility study released in January. The project’s after-tax net present value is estimated at $243 million, with an internal rate of return of 21% and a 3.8-year payback period. GoviEx shares were down 9% to C$0.05 apiece on Thursday morning in Toronto, for a market capitalization of C$51.1 million.

Bitcoin has slipped more than 8% from its all-time high of $124,500, fueling bearish sentiment across the market. While this correction is relatively modest compared to previous drawdowns in the current cycle, the tone surrounding BTC has turned noticeably negative. Traders and investors appear cautious, with many questioning whether the market has the strength to stage another push higher in the short term. Top analyst Axel Adler provided insights that add important context to the current landscape. According to Adler, Bitcoin is now trading with only a 4% markup above the average purchase price of Short-Term Holders (STHs). This minimal premium highlights how close BTC is to levels where recent buyers entered the market. Historically, such narrow margins suggest that confidence among short-term participants is fragile, as even slight downward moves could push many holders into losses. This dynamic helps explain why sentiment feels heavier than the actual size of the correction might justify. While long-term fundamentals remain intact, the short-term picture reflects a tense phase in which buyers are hesitant, and bears see an opportunity to press their advantage. For Bitcoin, holding above critical support may prove decisive in shaping the next move. Bitcoin, Fed Cuts, And The Need For Discounts According to Adler, the recent Federal Reserve rate cut provides a supportive backdrop for risk assets like Bitcoin. Lower rates traditionally boost liquidity, which tends to benefit equities and crypto alike. However, Adler cautions against assuming that monetary easing guarantees a smooth rally. He reminds investors that markets often behave with a “buy the rumor, sell the news” pattern, where initial optimism gives way to volatility as traders lock in profits. Adler emphasizes that the real demand for Bitcoin will only emerge if the market presents obvious discounts. Historically, sharp pullbacks have attracted sidelined buyers, fueling stronger rallies. At present, Bitcoin trades with a 15–20% markup relative to the average purchase price of Short-Term Holders. This is a danger zone, as data shows that at these levels, holders typically begin offloading coins, adding selling pressure. For comparison, at Bitcoin’s previous all-time high, the markup was only 13%. This dynamic highlights how different the current phase is from earlier in the cycle. In January 2023 and 2024, markups surged as high as 40%, yet investors continued buying, confident they could resell at higher prices in the future. Now, however, the bull cycle is far more mature. The appetite to chase highs has faded, with investors wary of getting trapped in positions that might remain underwater for years. For Bitcoin to reignite real demand, Adler argues, it will need to trade at more attractive levels that clearly signal value. In a mature market, buyers no longer blindly pile in at peaks—they wait for corrections. This shift underscores that sustained rallies require not just liquidity, but also meaningful discounts to entice fresh capital. Price Action Details: Key Levels To Watch Bitcoin is trading at $114,042, showing renewed strength after rebounding from early September lows near $110,000. The 12-hour chart highlights that BTC is now pressing into resistance around the 100 SMA at $114,679, a level that has acted as a ceiling during recent attempts to rally. A decisive break and close above this moving average could confirm momentum and open the way toward $116,000, with the major resistance at $123,217 as the next target. The 50 SMA at $112,025 and the 200 SMA at $112,167 are now aligned as short-term support, suggesting that Bitcoin has built a solid base in the $112,000 zone. This cluster of support levels provides bulls with a strong defensive line to sustain momentum. If BTC holds above this area, the bias favors a continuation higher. However, the market is not without risk. Failure to break through the 100 SMA convincingly could trigger another period of sideways consolidation, or even a retest of $112,000. A deeper rejection may put $110,000 back in play. Featured image from Dall-E, chart from TradingView

US Stock indices are offering a decent open to the North American session after the freshly released CPI, with both the Dow Jones and S&P 500 pushing towards new highs. Nonetheless, the theme is still of slight hesitation as traders juggle with the 50 bps cut expectations: from a 10% to 5% pricing right after the release, and back towards 10% as we speak. Equity markets had been disregarding the recent employment reports and downward revisions in the hope of a jumbo cut next Wednesday, consequently turning to inflation to see what the FOMC will be cooking towards next week. But this morning's inflation report offers further doubts: despite the 0.3% as-expected report, inflation is still rising. This theme is expected to be explored in Jerome Powell's post decision speech – Any hawkishness would slow the appetite for risk. As traders, the essential is to look at the immediate price action, and it seems that index buying is gathering steam. We will be looking at the leader and lagger of today's action: S&P 500, Nasdaq and their intraday charts. US index daily chart overlook, September 11, 2025 – Source: TradingView An informal invitation to check out our most recent Dow Jones article and post-CPI updates. Read More:Dow Jones (DJIA) Technical: Poised for a potential bullish breakout as US CPI loomsBreaking News: US core inflation rate at 3.1% Y/Y in August vs 3.1% expectedA hesistant FX Market after the as-expected September CPI release – Technical levelsS&P 500 – A detailed intraday outlook The 500-best US companies are loving the ongoing price action, with buyers pushing price discovery to new levels. S&P 500 1H Chart, September 11, 2025 – Source: TradingView S&P bulls are currently dominating the price action since the market open, easily breaking through the previous session's 6,559 record and currently trades 10 points higher (current highs 6,574) A technical bullish confluence between an upward trendline, the 50-Hour moving average and the boosted rate cut odds largely assisted the bullish impulse. Watch for the reactions as momentum enters overbought levels within a longer-timeframe fibonacci target-zone. Detailed levels below. S&P 500 4H Chart S&P 500 4H Chart, September 11, 2025 – Source: TradingView The ongoing 4H Candle is a very strong one and taking the action to interesting levels. Strong momentum usually takes the hand but it will be interesting to spot how participants react to the Fibonacci-extension levels based on the previous month's NFP trading. Consolidating within the 6,570 to 6,600 zone would preserve the trend, while a rejection here could point to further profit-taking. S&P 500 technical levelsResistance Levels Daily highs 6,5746,570 to 6,600 Potential ATH resistance (from Fibonacci extension)Higher timeframe potential resistance around the 6,700 level (1.618 from April lows)Support Levels 6,490 to 6,512 pivot6,400 Main Support6,300 psychological support6,210 to 6,235 Main Support (August NFP Lows)Nasdaq, relaxing after strong rebounds While the S&P 500 and the Dow Jones continue their path higher, Nasdaq seems to be a bit more hesitant to break its 24,016 all-time high record. Nasdaq 1H Chart Nasdaq 1H Chart, September 11, 2025 – Source: TradingView The tech-focused index is a tid-bit more hesitant in its retest of yesterday's ATH. As can be observed with the 50-hour Moving Average that is currently rounding, buyer strength will require a further boost to push put the index back to strictly bullish momentum. As a matter of fact, the MA 50, which acted as support throughout the entire post-NFP rally, is the one technical indicator to watch for pursued upside. Breaking this one may lead to a retest of the 23,500 Support. Nasdaq 4H chart Nasdaq 4H Chart, September 11, 2025 – Source: TradingView Watch for breakouts either to the upside or downside of the 4H doji candle (boxed on the chart). Nasdaq technical levels of interest Resistance Levels Current All-time Highs 24,016ATH resistance zone (23,950 to 24,020)24,250 potential resistance at middle of the May upward channelSupport Levels Daily lows 23,81923,500 Pivot turned support23,000 Key SupportEarly 2025 ATH at 22,000 to 22,229 Support Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

What’s the safest way to store millions in gold? Executive summary: The safest way to store gold at the seven- or eight-figure level is a layered plan that blends professional vaulting with rigorous documentation, audits, and insurance. Most owners combine fully allocated, segregated vault storage with a smaller portion held closer to home for liquidity. Your final design should be cost-efficient, auditable, and resilient to theft, fraud, and operational mistakes. What “safe” actually means when you hold millions in gold “Safe” is not one thing. It’s a stack of safeguards that reduce distinct risks. With large positions, you should measure storage decisions against five categories: Counterparty risk: exposure to an institution failing to deliver metal when asked. Custody risk: errors in handling, mislabeling, or commingling of bars and coins. Theft and physical loss: burglary, insider theft, transport loss, or disaster. Legal and compliance risk: title clarity, tax rules, and estate logistics. Operational risk: delayed access, poor record-keeping, and inadequate audits. For a high-net-worth owner, the safest way to store gold is the design that reduces all five, not just burglary risk. That usually points to professional vaulting under a bailment or custody framework, with named insurance, serial-number control, and independent audits. Your core options, ranked by risk and practicality Below is a practical overview of the main ways to store gold. The safest way to store gold is often a blend, but the anchor is typically professional vaulting. 1) Fully allocated, segregated professional vaulting (anchor position) What it is: Your specific bars or coins are held in your name, in segregated storage, at a professional vault or non-bank depository. You receive bar lists with serial numbers and weights. Title remains with you at all times. Why it’s the anchor: It minimizes counterparty and custody risk because the custodian is not free to rehypothecate your metal. Insurance is explicit, security is purpose-built, and audits are routine. Pros: Named or all-risk insurance, third-party audits, precise bar-list control, professional chain-of-custody, scalable for eight figures. Cons: Ongoing fees, paperwork, and slightly slower liquidity than a bank safe deposit box for small withdrawals. Typical cost: negotiated tiers that often decline with size; large accounts can reach basis-point pricing. Expect additional costs for transport and periodic audits. Exact rates vary by provider and location. 2) Bank safe deposit box (supplemental, not a primary solution) What it is: A private box at a commercial bank branch. You store coins or small bars for occasional access. Pros: Useful for a modest “liquidity sleeve.” Reasonable annual cost. Staffed locations and some physical security. Cons: Contents are not FDIC-insured and banks typically do not insure them; access is limited to branch hours. Disaster planning varies, and there is no third-party audit trail. Boxes are often impractical for large bars such as 400-oz Good Delivery units (~27 lbs each). Use case: A limited allocation for personal access, not million-dollar primary storage. 3) Home safe with layered residential security (niche use) What it is: A high-grade safe (e.g., UL-rated burglary-resistant) installed in a hardened location with alarms, cameras, and strict need-to-know controls. Pros: Immediate access and privacy. Useful for a small, “break-glass” reserve. Cons: Concentrated theft risk, personal safety considerations, and insurance limits. Homeowner policies often include low sub-limits on bullion unless specifically scheduled with a rider. Use case: A modest portion for emergency liquidity, not a core solution for seven or eight figures. 4) Unallocated or pooled accounts (generally avoid for core holdings) What it is: You hold a claim on metal rather than specific bars. The provider may use your ounces for its own operations. Pros: Lower headline fees and quick transfers. Cons: Higher counterparty risk, less transparency, potential mismatch in a market stress. Not ideal for investors seeking the safest way to store gold. 5) Gold ETFs and “digital gold” (exposure vs. custody) What it is: Securities that track gold’s price. Convenient for trading and portfolios. Pros: Liquidity, easy to buy/sell, and simple reporting. Cons: Shareholders cannot request delivery of the Trust’s gold; only Authorized Participants can create or redeem large baskets. This gives you exposure to price, not custody of bars. Use case: Portfolio management tool, not a storage method for private vaulted bullion. Standards, insurance, and audits: the backbone of safety At size, details matter. The safest way to store gold relies on standards and documentation that survive scrutiny: Bar integrity: Prefer bars that meet recognized norms (e.g., LBMA Good Delivery: ~400-oz, ≥995 fineness, specific markings) to simplify audits, valuation, and future sales. Insurance evidence: Get proof of insurance in writing. Confirm the policy’s scope, limits, deductibles, and the definition of “physical loss.” Ask for your interest to be named where feasible. Independent audits: Require periodic third-party counts and weight checks. Reconcile audit reports to your custody statements and bar lists. Chain-of-custody: Use insured carriers experienced with precious metals. Ensure seals, tamper-evident packaging, and transfer documents are maintained at each handoff. Access controls: Define who can instruct movements, under what circumstances, and what authentication steps are required. Use multi-person approval for large transfers. Legal and coverage realities that owners often miss Several common misunderstandings can undermine a “safe” plan. Address these upfront: Bank deposit insurance: FDIC insurance protects deposits, not safe deposit box contents. Arrange separate coverage if needed. Broker protections: SIPC protects cash and securities at failed broker-dealers; it does not protect bullion or coins. Home insurance: Homeowner policies often cap coverage for bullion at low limits or exclude it altogether without endorsements. Confirm limits and exclusions in writing. IRA and qualified accounts: Precious metals for retirement accounts must be held by a qualified trustee or custodian. Personal possession, even through an IRA-owned LLC, has been deemed a taxable distribution (McNulty, 2021). Title clarity: Your storage contract should make clear that metal is held for you under bailment/custody, not as the custodian’s asset. Avoid rehypothecation rights and commingled pools for core holdings. Cost picture: design for efficiency, not the lowest sticker At seven figures and above, costs should be transparent and negotiable. Focus on all-in cost, not just the annual storage line item: Storage fee: Often quoted as basis points on value or a per-bar rate. Larger balances typically secure lower rates. Transport and handling: Insured courier and intake/outtake fees apply when moving bars between facilities. Audit and verification: Some providers include audits; others charge separately. Independent audits add trust and may lower insurance costs over time. Insurance structure: Costs vary by limit, deductible, and whether your interest is named. Confirm whether the fee includes insurance or if it’s billed separately. Example framework: Suppose you hold $5 million in gold. A balanced plan might vault 80–90% in fully allocated, segregated storage and keep 10–20% closer to home for liquidity. All-in annual costs for the vaulted portion can become competitive at scale, while the liquidity sleeve trades some security for speed. The blend keeps overall risk low without choking access. Jurisdiction and diversification: don’t put every bar in one basket Diversifying across reputable facilities reduces exposure to a single failure. Consider: Multiple facilities: Split holdings across two or more independent vaults. Geographic diversity: Separate metro areas or even countries, subject to your tax, reporting, and logistical comfort. Provider diversity: Avoid relying on one company’s systems, people, and insurance policy. For many owners, one domestic vault plus a secondary facility in a different region is a good starting point. International diversification can add resilience but introduces cross-border rules, shipping complexity, and added cost. Keep the plan as simple as it needs to be—and no simpler. Designing a resilient storage plan: step-by-step Define objectives: Liquidity needs, privacy preferences, reporting tolerance, and heirs’ capabilities. Select the anchor vault: Choose a provider that offers allocated, segregated storage with named insurance and third-party audits. Get sample statements and a specimen bar list. Set documentation standards: Require a custody agreement that states you retain title, plus a monthly or quarterly bar list with serial numbers and weights. Arrange insured transport: Use specialized carriers. Document seals, tamper-evident bags, and handoff signatures. Keep copies of bills of lading. Establish verification cadence: Schedule periodic independent audits. Reconcile audit findings to statements. Investigate any variance immediately. Create an access protocol: Define who can instruct, the authentication steps, and thresholds requiring dual approval. Test the process with a small movement. Address insurance explicitly: Confirm policy terms, limits, deductibles, and loss definitions. Keep current certificates on file. Build a liquidity sleeve: Hold a modest amount in a safe, practical location for short-notice needs. Keep it documented and insured if possible. Prepare succession materials: Maintain a sealed packet with vault details, bar lists, contacts, and instructions for your executor or trustee. Review annually: Revisit provider health, insurance terms, and whether your mix still fits your needs. Common mistakes that add avoidable risk Confusing insurance types: Assuming FDIC or SIPC coverage applies to bullion in a box or third-party vault. Accepting pooled storage for core holdings: It adds counterparty and operational risk you don’t need at size. Weak documentation: No serial-number control, vague custody agreements, or missing insurance certificates. Over-concentration at home: Personal safety and theft risk rise with quantity. Keep home exposure modest. Neglecting heirs: A secure plan fails if no one can execute it. Leave clear instructions. Scenario guidance: practical mixes by owner profile Hands-on entrepreneur with periodic liquidity needs Goal: Keep operations nimble while protecting core wealth. Plan: 80–85% allocated, segregated vault; 10–15% in a secondary bank box for short-notice needs; a small in-home reserve for emergencies. Use strict documentation and keep the bank box contents insured via a separate rider where possible. Privacy-oriented long-term holder Goal: Maximum durability and low profile. Plan: 90–95% in two independent professional vaults in different regions; 5–10% immediate-access reserve. Emphasize audit trails, named insurance, and minimal movement. Family office with multi-heir estate plan Goal: Clean title, easy transition, and low friction for successors. Plan: Use trust or entity ownership as advised by counsel. Maintain meticulous bar lists, audit reports, and insurance certificates. Pre-draft instructions for the trustee to distribute or monetize bars efficiently. Counterpoints and trade-offs (and why the recommended path still wins) “Vault fees add up.” True, but they buy audits, security, and insurance. For seven-figure holdings, the fee is a disciplined hedge against large, permanent loss. “I want instant access.” Reasonable—hence the liquidity sleeve. Keep it modest to avoid undue theft and safety risks at home. “Pooled storage is cheaper.” Sometimes, but it raises counterparty and operational risk. For core wealth, fully allocated, segregated storage is the safer base. Frequently asked questions Do I need to insure vaulted gold separately? Many professional vaulting arrangements include coverage, but terms vary. Get written proof and confirm limits and exclusions. If needed, explore a rider or a standalone policy. Can I store IRA metals at home? No. The IRS requires retirement-account bullion to be held by a qualified trustee or custodian. Personal possession has been treated as a taxable distribution (McNulty, 2021). How often should I audit? At least annually, with independent verification. Large, active accounts may prefer semiannual checks, especially after transfers. What if I want to sell quickly? Coordinate with your vault to pre-arrange acceptable bars and settlement channels. Liquidity at size improves when your metal meets recognized standards and documentation is in order. Key Takeaways The safest way to store gold at seven or eight figures is fully allocated, segregated professional vaulting—backed by insurance, audits, and bar-level control. Use a small liquidity sleeve for quick access. Keep it modest to limit theft and personal-safety risks. Document everything: custody terms, bar lists, insurance, and audit reports. Reconcile records regularly. Diversify providers and locations to reduce single-point failures. Review the plan annually. Prepare heirs with clear instructions. A secure plan should be operable by someone else on a tough day. Action Checklist Select a professional vault that offers allocated, segregated storage with clear, written insurance. Obtain and file a custody agreement, insurance certificate, and sample bar list. Arrange insured transport using a specialist carrier. Keep all chain-of-custody records. Set an audit calendar and reconcile results to statements and bar lists. Create a modest liquidity sleeve for quick access, with appropriate documentation and coverage. Draft and store a sealed packet for heirs with step-by-step instructions and key contacts. Schedule an annual review to validate providers, coverage, and the overall mix. Notes and references This guide reflects widely accepted custody, insurance, and audit practices for private bullion ownership. For retirement accounts, confirm current rules with a qualified custodian and tax advisor. For insurance, verify policy terms and limits in writing with your insurer or vault provider. Standards and protections vary by jurisdiction and provider; conduct due diligence before committing. The post What’s the safest way to store millions in gold? first appeared on American Bullion.

Barrick Mining (NYSE: B; TSX: ABX) has agreed to sell its last operating gold mine in Canada, marking a significant milestone as the company shifts its focus toward copper. The Hemlo Gold Mine in Ontario will be sold to Carcetti Capital Corp. for $875 million in cash and $50 million worth of Carcetti shares. An additional $165 million in contingent payments could be triggered depending on future gold prices. The sale is expected to close in the fourth quarter of 2025. The $1.1 billion transaction comes at a time when bullion prices are at all-time highs, allowing Barrick to realize substantial value from one of its legacy assets. Carcetti said it will rename itself Hemlo Mining Corp. after the acquisition. To help finance the purchase, the company has arranged a $400 million streaming agreement with Wheaton Precious Metals. Under the deal, Wheaton will purchase 13.5% of Hemlo’s gold production until 181,000 ounces are delivered, followed by 9% until an additional 157,330 ounces are delivered, and 6% for the life of the mine. Barrick shares were down 1.4% in Toronto on Thursday morning after the deal, giving the company a market capitalization of C$68.84 billion (US$49.70 billion). BMO Capital Markets valued Hemlo at around $620 million under its long-term assumptions, but as much as $1.2 billion at current spot prices. The agreed deal value suggests a price of roughly $3,150 per ounce of reserves, significantly above BMO’s long-term forecast of $2,200 per ounce. Jefferies Securities said the deal was well-timed, calling it ‘a good time to be selling a gold asset.’ No operating mines left in Canada The sale underscores CEO Mark Bristow’s broader strategy of diversifying Barrick’s portfolio beyond gold and into copper. Since acquiring Randgold Resources in 2019, Barrick has cut back its Canadian presence by relocating head office functions outside Toronto and reducing the number of executives based in the country. While Hemlo’s departure leaves Barrick without an operating mine in Canada, the company maintains a pipeline of early-stage projects and exploration targets there. “Canada remains an important jurisdiction for Barrick, with a portfolio that includes a number of prospective early-stage projects and exploration targets,” the company said in a statement. “We will continue to pursue opportunities to find and operate world-class gold and copper mines in Canada.” Hemlo has produced more than 21 million ounces of gold since its discovery and generated 143,000 ounces in 2024, representing about 3.5% of Barrick’s total output. Barrick has also been active in selling other non-core assets, including a $1 billion divestment in Alaska earlier this year. Combined with the sales of Donlin and Alturas, total gross proceeds from such deals are expected to exceed $2 billion in 2025. At the same time, Barrick is advancing major copper projects, including the $6 billion Reko Diq mine in Pakistan and an expansion in Zambia that could place the company among the world’s top copper producers.

Litecoin (LTC) is showing strength as it holds onto its ascending trendline, maintaining bullish momentum. After holding above the $112–$115 demand zone, buyers continue to defend key support levels, positioning the market for further upside. With immediate targets around $120–$125, a breakout above this range could clear the path toward the highly anticipated $135 mark. Litecoin Technical Alignment Signals Strong Bullish Case In a recent X post, Alpha Crypto Signal, a cryptocurrency market analysis group, has noted that LTC is exhibiting a robust and healthy structure, indicating a potential long setup. According to the analysis, LTC is holding strong above its ascending trendline. It is also retesting the $112–$115 demand zone, a price range where buying pressure is expected to be high. The crypto analyst’s analysis further emphasizes the importance of key moving averages, noting that LTC is positioned precisely on top of the 9-day Exponential Moving Average (EMA) at $112.68 and just below the 50-day Simple Moving Average (SMA) at $115.25. Both of these moving averages are acting as dynamic support levels, which provide a solid foundation for the cryptocurrency’s price. This confluence of technical factors, as identified by Alpha Crypto Signal, adds significant weight to the bullish case for Litecoin. The horizontal demand block, combined with support from both the EMA and SMA, creates a strong technical picture that suggests the cryptocurrency is well-positioned for a potential price rally. Key Support At $112 Holds Bullish Bias According to Alpha Crypto Signal, the bullish outlook for Litecoin remains intact as long as it holds its position above the $112 mark. This support level is considered a crucial threshold; maintaining it would indicate that the current market structure is favorable for a continued upward trend towards targets of $120–$125. Alpha Crypto Signal’s analysis also outlines what a significant breakout could mean for LTC’s price. A decisive move and clean break above the $120–$125 resistance zone could pave the way for a more substantial rally. This would potentially unlock a path toward the next major price target of $135 or even higher, signaling strong momentum for the cryptocurrency. However, the crypto expert also specifies the conditions that would invalidate this positive forecast. The bullish long setup would be at risk if LTC were to experience a breakdown below the $110 support level. A drop below this point would not only threaten the current trendline support but would also cast doubt on the overall bullish structure, suggesting a potential shift in momentum to the downside.

Forex currencies have been dormant since the beginning of August as Markets haven't found what they want in the latest key data reports. As previously thought, the latest NFP, PPI, and CPI combo reports would have expected to relieve volatility in FX. But volatility there wasn't. After receiving all the most influential market data, the next step will be next Wednesday's FOMC rate decision (September 17). Prior to the CPI release, expectations for a 50 bps cut were priced at 10% and are now closer to 5%. The 25 bps cut, however, is still priced to be a sure thing. Indeed, when looking at Market reactions in other assets, it seems that the theme that is developing is one of a less prolonged impact of tariffs. Despite an as expected 0.3% report, participants bidding on Bonds and Gold point toward a repricing of lower long-run inflationary impact of tariffs (while they are just starting to bite now), which is flattening the US Yield curve. Until now, pricing has been one of lower short-term inflation expectations versus higher ones in the long run. Despite the immediate US Dollar selloff, FX currencies are hesitant and hang close to unchanged on the session. Discover major currency pairs charts and levels, after first peaking at reactions to other asset classes. An overlook at cross-assets market reactions: Bonds and Gold are loving it, USD corrects Cross-Asset charts post-CPI – September 11, 2025 – Source: TradingView Read More: Breaking News: US core inflation rate rises to 3.1% Y/Y in August vs 3.1% expectedMarkets Today:Tech Shares Lead the Way, Softbank Up 9%, Gold Retreats, FTSE 100 Eyes Range Break. ECB, US CPI AheadAll FX Majors Charts with the immediate key levels in playYen likes the report but still needs more – USDJPY USDJPY 1H Chart, September 11, 2025, Source: TradingView The most volatile FX pair is enjoying the ongoing selloff in the US Dollar but has yet to break out of its mid-range pivot zone. Some ongoing selling might be pushing prices out of this region however this move still has to develop. Wicky action at the extremes prove that participants are still hesitant on the upcoming direction for currencies. A 25 bps confirming could still provide some strength to the USD which helps to explain why participants are still looking at each other to see who moves first Levels to watch for USDJPY: Mid-range pivot 147.50 to 148.00 (currently trading – Look for breakouts of this zone)May Range Extremes 148.70 to 149.50 (Daily MA 200)146.50 Main range SupportAUDUSD – pushing to retest yearly highs AUDUSD 1H Chart, September 11, 2025, Source: TradingView AUDUSD has rebounded significantly since its August 1st lows and by evolving in an intermediate upward channel, heads to retest its yesterday and 2025 highs (0.6535). Some hesitation at the current levels is forming and will be essential to monitor. Levels to watch for AUDUSD: 2025 Highs Resistance 0.6620 to 0.66500.6580 to 0.66 Pivot acting as mid-term support0.6550 Pivot turned support and low of intermediate channel.EURUSD – a wicky retest of its range resistance EURUSD 2H Chart, September 11, 2025, Source: TradingView EURUSD still evolves within its August range after a failed upside breakout in yesterday's session. Buyers have pushed towards a retest of the resistance but seem to be running out of steam. Levels to watch for EURUSD: PPI highs 1.178011.1750 Immediate Resistance Session lows and key range pivot 1.16601.16 Current main SupportUSDCHF – Downfall stalling USDCHF 2H Chart, September 11, 2025, Source: TradingView The Swiss franc had strengthened immensely in the beginning of the month which pushed USDCHF towards a retest of its 2025 Main support (0.7916 week lows). However, despite a selling candle from the data, hesitation comes at the 50-period MA which will also be key to upcoming action: A rejection of the MA could provide a boost to the pair, while a breakdown could also lead to further downside. Levels to watch for USDCHF: 0.8050 Resistance0.80 Immediate Pivot and 50-period MA (action stalling here)0.79 Main Support (latest rebound)2025 Lows 0.78730GBPUSD – Liked the report, but hesitant at the highs GBPUSD 2H Chart, September 11, 2025, Source: TradingView GBPUSD has, like its European neighbor, been stuck in a 2,000 pip range since the middle of August (1.34 to 1.36). The buying reaction to the CPI report is once again met with some hesitation as prices are meeting the range resistance. Watch the immediate low-slope downward channel that may shape today's price action. Levels to watch for GBPUSD: 1.36 Main channel ResistanceKey 1.35 Pivot (daily lows, key for buy/sell momentum)1.34 current Daily pivot (acted as Support)USDCAD reject its mid-term upward channel USDCAD 2H Chart, September 11, 2025, Source: TradingView USDCAD is virtually unchanged after the report – By attaining the upper bound of its upward channel, mean-reversion selling seems to occur but real momentum has yet to materialize. Levels to watch for USDCAD: Immediate resistance at Aug Highs 1.387501.38 Major resistance turned Pivot1.3740 Support Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin remains above 114,000 and is preparing for a significant move. Ethereum has also shown good growth. All the focus will be on US inflation. If prices decrease significantly, Bitcoin may respond with a fresh surge, as this will increase the chances of a more active rate-cutting cycle by the Federal Reserve. As the leading cryptocurrency, Bitcoin is especially sensitive to changes in Federal Reserve monetary policy. Lower US inflation can be seen as a signal for a more dovish monetary stance. This, in turn, would weaken the US dollar and increase the attractiveness of alternative assets such as Bitcoin. Lower interest rates also reduce borrowing costs, which can stimulate investment in riskier assets such as cryptocurrencies. However, it's essential to keep in mind that inflation's impact on Bitcoin is a complex, multifaceted process. Other factors, including geopolitical risks, regulatory changes, and technological innovation, also play important roles. Nonetheless, lower inflation in the US is undoubtedly a positive factor for Bitcoin, capable of supporting its further growth. In the event of a significant deviation from forecasts, increased market volatility and a reassessment of investment strategies should be expected in the crypto market. The altseason index has also risen sharply recently. This means traders are again betting on big gains from altcoins. Just recently, one of the world's leading crypto exchanges released a report stating that an altcoin season is expected in Q3 2025. As for my intraday strategy in the cryptocurrency market, I will continue to rely on any major pullbacks in Bitcoin and Ethereum as entry opportunities, expecting the development of a medium-term bull market to continue. For short-term trading, the strategy and conditions are described below. BitcoinBuy ScenarioScenario 1: I will buy Bitcoin today if the entry point reaches around $114,500, targeting growth to $115,800. Around $115,800, I'll exit long positions and sell immediately on a bounce. Before buying a breakout, make sure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero. Scenario 2: You can buy Bitcoin from the lower boundary of $113,800 if there is no market reaction to its breakout, aiming for a reversal back towards $114,500 and $115,800. Sell ScenarioScenario 1: I will sell Bitcoin today if the entry point reaches around $113,800, targeting a fall to $112,300. Around $112,300, I'll exit shorts and buy immediately on a bounce. Before selling a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero. Scenario 2: You can sell Bitcoin from the upper boundary of $114,500 if there is no market reaction to its breakout, aiming for a reversal back towards $113,800 and $112,300. EthereumBuy ScenarioScenario 1: I will buy Ethereum today if the entry point reaches around $4,434, targeting growth to $4,484. Around $4,484, I'll exit long positions and sell immediately on a bounce. Before buying a breakout, make sure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero. Scenario 2: You can buy Ethereum from the lower boundary of $4,397 if there is no market reaction to its breakout, aiming for a reversal back towards $4,434 and $4,484. Sell ScenarioScenario 1: I will sell Ethereum today if the entry point reaches around $4,397, targeting a fall to $4,349. Around $4,349, I'll exit shorts and buy immediately on a bounce. Before selling a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero. Scenario 2: You can sell Ethereum from the upper boundary of $4,434 if there is no market reaction to its breakout, aiming for a reversal back towards $4,397 and $4,349. The material has been provided by InstaForex Company - www.instaforex.com

The British pound continues to have a calm week. Early in the North American session, GBP/USD is trading at 1.3546, up 0.14% on the day. US inflation rises to 0.4% in August US inflation climbed 0.4% m/m in August, up from 0.3% in July and above the market estimate of 0.2%. Annual CPI rose to 2.9% from 2.7%, in line with the market estimate. Core CPI came in at 0.3% m/m and 3.1% y/y, unchanged from July. The core rate continues to hover well above the Federal Reserve's 2% target but that isn't expected to stop the Fed from lowering rates next week for the first time since December 2024. Although a rate cut has been fully priced in, we could see downward pressure on the US dollar if the Fed cuts, especially if the Fed's tone at the meeting is dovish. The US economy is showing signs of cooling, especially the labor market. Nonfarm payrolls fell to just 22 thousand and annual revisions for the year prior to March 2025 were revised downwards by a massive 911 thousand, much more than expected. The weak nonfarm payrolls report has raised the odds of a half-point cut to 10%, with a 90% chance of a quarter-point reduction. UK GDP expected to slip UK GDP for July is expected to ease to 0% m/m, following a 0.4% gain in June. The previous two readings came in at -0.1%, pointing to a bumpy recovery for the UK economy. GDP is expected to tick lower to 0.2% for the three months to July, down from 0.3% in the previous release. With the BoE expecting inflation to hit 4% in September, it will be difficult for the Bank to lower rates, as inflation could rise even higher as a result. Governor Bailey told a parliamentary committee last week that he was doubtful about further rate cuts before the end of the year. GBP/USD Technical GBP/USD is testing resistance at 1.3534. Next, there is resistance at 1.35561.3508 and 1.3486 are the next support levels GBP/USD 1-Day Chart, September 11, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Trade Review and Advice on Trading the Japanese YenThe price test at 147.59 in the first half of the day occurred as the MACD indicator started to move upward from the zero line, confirming a correct entry point for buying dollars, which resulted in a gain of more than 40 pips. In the second half of the day, US Consumer Price Index (CPI) data for August will be released, and a decrease in this indicator will restore demand for the Japanese yen, significantly weakening the dollar. The CPI excluding food and energy prices is also crucial. Lower inflation could ease pressure on the Fed to maintain a wait-and-see approach, which would negatively impact the attractiveness of the US dollar. The Japanese yen, traditionally considered a safe-haven currency, may benefit from dollar weakness. In periods of economic uncertainty and declining risk appetite, investors often turn to the yen as a reliable asset, driving demand for it and strengthening its position. The CPI excluding food and energy will be particularly important, as it reflects core inflation. A decline in this indicator would further strengthen the case for a more dovish Fed policy and increase pressure on the dollar. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario No. 1: I plan to buy USD/JPY today if the price reaches the entry point around 148.03 (green line on the chart), with a target of rising to the level 148.61 (thicker green line on the chart). Around 148.61, I will exit buys and open sells in the opposite direction, expecting a 30–35 pip downward move from this level. Counting on further growth of the pair will only be possible after strong US data. Important! Before buying, ensure the MACD indicator is above the zero line and is just starting to rise from it. Scenario No. 2: I also plan to buy USD/JPY today if there are two consecutive tests of the 147.80 level when the MACD indicator is in the oversold area. This will limit the pair's downside potential and may lead to an upward reversal. Growth to the opposite levels of 148.03 and 148.61 can be expected. Sell ScenarioScenario No. 1: I plan to sell USD/JPY today if the price breaks below 147.80 (red line on the chart), which would lead to a quick drop in the pair. The key target for sellers will be 147.03, where I will exit sell positions and immediately open buy positions in the opposite direction, expecting a 20–25 pip upward move from this level. Downward pressure on the pair will return on weak US data. Important! Before selling, ensure the MACD indicator is below the zero line and is just starting to fall from it. Scenario No. 2: I also plan to sell USD/JPY today if there are two consecutive tests of the 148.03 level when the MACD indicator is in the overbought area. This will limit the pair's upside potential and may lead to a downward reversal. A decline to the opposite levels of 147.80 and 147.03 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the British PoundThe price test at 1.3518 occurred at a moment when the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. In the second half of the day, US Consumer Price Index (CPI) data for August will be released, and a decline in this indicator will restore demand for the British pound, significantly weakening the dollar's position. The CPI excluding food and energy prices is also important. Investors and traders constantly analyze every point of the report carefully, trying to anticipate the Federal Reserve's next moves. It is expected that the Fed will make decisions based on the latest data, and any signs of declining inflation may cause it to take a more dovish stance. The impact on the British pound will be direct. If US inflation is lower than forecast, this will likely lead to a weakening of the dollar. In turn, this will make the pound sterling more attractive to investors seeking alternative currencies. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario No. 1: I plan to buy the pound today after the price reaches the entry point around 1.3525 (the green line on the chart), aiming for a rise to the 1.3582 level (the thicker green line on the chart). Around 1.3582, I will exit my buy trades and open sell trades in the opposite direction, expecting a move of 30–35 pips down from this level. A strong rise in the pound today can be expected after weak US data. Important! Before buying, ensure the MACD indicator is above the zero line and just starting to rise from it. Scenario No. 2: I also plan to buy the pound today if there are two consecutive tests of the 1.3502 price level at a time when the MACD indicator is in the oversold area. This will limit the downside potential of the pair and lead to an upward reversal. A rise to the opposite levels of 1.3525 and 1.3582 can be expected. Sell ScenarioScenario No. 1: I plan to sell the pound today after the price moves below the 1.3502 level (the red line on the chart), which will lead to a quick drop in the pair. The key target for sellers will be 1.3464, where I plan to exit sell trades and immediately open buy trades in the opposite direction, expecting a move of 20–25 pips up from this level. The pound will likely drop if there is higher inflation data from the US. Important! Before selling, ensure the MACD indicator is below the zero line and is just starting to fall from it. Scenario No. 2: I also plan to sell the pound today if there are two consecutive tests of the 1.3525 price level when the MACD indicator is in the overbought area. This will limit the pair's upside potential and lead to a downward reversal. A decline to the opposite levels of 1.3502 and 1.3464 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the EuroThe price test at 1.1690 occurred at a moment when the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. In the second half of the day, everyone will be closely watching the US Consumer Price Index (CPI) data, both including and excluding food and energy prices. An increase in these indicators will likely support the dollar while putting pressure on the euro. The data will influence the Fed's decision as it will shed light on price trends. It's worth noting that despite a recent slight decrease in inflationary pressure, it still significantly exceeds the target level. The reaction of the currency markets to the inflation data will depend on how unexpected the numbers are. If inflation turns out to be much higher than forecast, it will likely trigger a sharp reaction: the dollar will strengthen while the euro will weaken. Otherwise, if inflation is lower than expected, the dollar may lose ground and the euro will strengthen—as happened yesterday. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario No. 1: Today, you can buy the euro when the price reaches around 1.1692 (the green line on the chart), aiming for a rise to the 1.1764 level. At 1.1764, I plan to exit the market and sell the euro in the opposite direction, anticipating a 30–35 pip move from the entry point. You should only expect further euro growth if there is a sharp drop in US inflation. Important! Before buying, ensure the MACD indicator is above the zero line and is just starting to rise from it. Scenario No. 2: I also plan to buy the euro today if there are two consecutive tests of the 1.1667 price level at a time when the MACD indicator is in the oversold area. This will limit the downside potential of the pair and lead to an upward reversal. A rise to the opposite levels of 1.1692 and 1.1764 can be expected. Sell ScenarioScenario No. 1: I plan to sell the euro after it reaches the 1.1667 level (the red line on the chart). The target will be the 1.1597 level, where I plan to exit the market and immediately buy in the opposite direction (expecting a 20–25 pip move in the opposite direction from the level). Downward pressure on the pair is expected to return if there is news of a sharp increase in US inflation. Important! Before selling, ensure the MACD indicator is below the zero line and is just starting to decline from it. Scenario No. 2: I also plan to sell the euro today if there are two consecutive tests of the 1.1692 price level at a time when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward reversal. A decline to the opposite levels of 1.1667 and 1.1597 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

In low trading volume, none of the instruments worked out through the Mean Reversion strategy. I tried trading the pound (GBP) using Momentum, which worked out reasonably well. Now all attention is on the US CPI and Core CPI data. Growth in these indicators will strengthen the dollar and push risk assets lower. In the case of a sharp drop in inflation, the dollar will weaken sharply again. Market participants are watching every slight data change, as it may provide clues about the Fed's next interest rate steps. The Fed is expected to cut rates if inflation slows sharply, which would weaken the dollar even further. Despite some deceleration in recent months, inflation still significantly exceeds the Fed's 2% target. This creates a dilemma for the central bank, which must balance fighting inflation with the risk of overtightening and causing a recession. The impact of the inflation data on the FX market will depend on the "surprise" factor. If inflation is much higher than expected, an abrupt market reaction (dollar strength) is likely. Conversely, if inflation falls short of expectations, the dollar may weaken and the euro strengthen. In case of strong data and a clear market reaction, I'll use the Momentum breakout strategy. If there's no pronounced reaction, I'll keep using the Mean Reversion approach. Momentum (Breakout) Strategy for the Second Half of the Day:EUR/USDBuys on a breakout above 1.1696 could take euro toward 1.1728 and 1.1760Sells on a breakout below 1.1668 could send the pair toward 1.1634 and 1.1611GBP/USDBuys above 1.3519 could lead to gains toward 1.3553 and 1.3587Sells below 1.3500 could push the pair toward 1.3484 and 1.3451USD/JPYBuys above 148.03 could lead to gains toward 148.44 and 148.76Sells below 147.72 could result in declines toward 147.39 and 146.96Mean Reversion (Pullback) Strategy for the Second Half of the Day: EUR/USDLook to sell after a failed breakout above 1.1705 and a quick return belowLook to buy after a failed breakout below 1.1678 and a return above GBP/USDLook to sell after a failed breakout above 1.3572 and a quick pullback under this levelLook to buy after a failed breakout below 1.3493 and a return above AUD/USDLook to sell after a failed breakout above 0.6620 and a pullback underLook to buy after a failed breakout below 0.6600 and a return above USD/CADLook to sell after a failed breakout above 1.3891 and a return belowLook to buy after a failed breakout below 1.3865 and a return aboveThe material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading at a critical level after several days of tight consolidation between $115,000 and $110,000. The price action reflects a tense standoff, with bulls working to regain ground while mounting selling pressure keeps gains in check. Despite the cautious mood, momentum appears to be leaning bullish, as buyers continue to defend key support zones and prepare for the next decisive move. Adding weight to this outlook, top analyst Maartunn shared new insights showing that dormant Bitcoin coins are beginning to move onchain. This activity suggests that long-term holders, who typically sit through volatility, are repositioning themselves, marking a significant shift in market dynamics. Importantly, these flows also align with the broader trend of capital rotation between Bitcoin and Ethereum, a pattern that has gained traction throughout this cycle. Such behavior is often seen at key inflection points, where profit-taking and reallocations set the stage for the next phase of the market. For Bitcoin, the movement of dormant supply could indicate growing conviction that liquidity will continue to fuel upside. As BTC hovers within this narrow range, the interplay between long-term holders and shifting capital flows may decide whether the breakout resolves higher. Bitcoin Supply Awakens: What It Means for the Market According to analyst Maartunn, a remarkable 604,549 BTC aged between three and five years have moved onchain since March 9, 2025. This is not just a minor adjustment—it represents one of the largest shifts in long-term holder behavior in recent memory. Dormant coins of this age bracket typically belong to holders who have sat through multiple cycles, signaling deep conviction in Bitcoin’s long-term value. When these coins move, the market pays close attention. The reasons behind this sudden activity are still debated. Some analysts argue this is clear profit-taking behavior. After holding for several years, these investors may see the recent rally toward $115,000 as an opportune moment to secure gains. Large holders, sometimes referred to as whales, are known to time exits strategically, often around cycle peaks or when volatility increases. Their activity could explain some of the selling pressure observed in recent weeks. Others, however, interpret these moves differently. Rather than a sign of weakness, they see it as capital rotation—a reallocation from Bitcoin into Ethereum and select altcoins. This aligns with the broader trend of diversification as institutions and high-net-worth investors explore opportunities outside BTC. With Ethereum’s strong fee generation and rising adoption across DeFi and layer-2 ecosystems, such shifts could represent strategic positioning for the next growth wave. Regardless of the motive, the data confirms that long-term holders are actively reshaping the market landscape. Whether this results in temporary selling pressure or sparks a new phase of capital distribution across the crypto sector, one thing is clear: Bitcoin’s dormant supply is no longer idle, and its reawakening marks a critical development for this cycle. Price Consolidates Below Key Resistance Bitcoin is currently trading around $113,897, showing signs of recovery after bouncing from lows near $110,000 earlier this month. The daily chart highlights a constructive rebound, with BTC now testing key resistance levels. The 50-day SMA at $114,587 sits just above the current price, acting as the first major hurdle for bulls to clear. A decisive break above this level could open the door toward $116,000 and eventually retest the cycle high at $123,217, marked as the major resistance zone. On the downside, the 100-day SMA at $112,204 is providing short-term support, while the 200-day SMA at $102,077 remains a crucial long-term floor. As long as BTC holds above $112,000, the bias leans toward continuation higher, with buyers steadily regaining confidence. The structure suggests that Bitcoin is building momentum for another push, though overhead resistance remains heavy. If bulls fail to reclaim the 50-day SMA convincingly, price could slip back into the $112,000–$110,000 range, keeping consolidation in play. Holding current levels and breaking above the short-term moving averages would strengthen the bullish case, while rejection could prolong the sideways chop before any larger breakout attempt. Featured image from Dall-E, chart from TradingView

US core inflation rate August (YoY): +3.1% vs +3.1% expected, meets consensusUS core inflation rate August (MoM): +0.3% vs +0.3% expected, meets consensusUS non-core inflation rate August (YoY): +2.9% vs +2.9% expected, meets consensusUS non-core inflation rate August (MoM): +0.3% vs +0.4% expected, above consensus by +0.1%US Consumer Price Index Report (August 2025): Breaking: The US core inflation rises by 2.8% YoY in August, down 0.1% MoM. The report comes in lower than expectations, with markets predicting a higher rate of 3.5% YoY, and a monthly gain of +0.3%. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Dow Jones Industrial Average has lagged its peers since the recent Fed Chair Powell’s dovish speech in Jackson Hole on 22 August 2025, which signaled a change of monetary policy stance from a “wait and see” approach to a more proactive one to address the risk of a deterioration in the US labour market. Fig. 1: Performances of S&P 500, Nasdaq 100, DJIA & Russell 2000 from 22 Aug 2025 to 10 Sep 2025 (Source: MacroMicro) From 22 August to Tuesday, 10 September 2025, the S&P 500 and Nasdaq 100 advanced 1% and 1.5% respectively, both setting fresh record highs. The small-cap Russell 2000 gained 0.7%, while in contrast, the Dow Jones Industrial Average slipped 0.3% over the same period (see Fig. 1). All three major US stock indices, apart from the Dow Jones Industrial Average, advanced on expectations of a more dovish Fed ahead of the 17 September FOMC meeting. According to the CME FedWatch tool, Fed Funds futures now fully price in a 25 bps cut to 4.00%–4.25%, with high odds of additional 25 bps cuts at the 29 October (85%) and 10 December (73%) meetings, potentially bringing rates down to 3.50%–3.75% by year-end. Let’s now review the short-term technical picture of the US Wall Street 30 CFD Index (a proxy of the Dow Jones Industrial Average) and key levels to watch ahead of the US CPI data release. Fig. 1: US Wall Street 30 CFD minor trend as of 11 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bullish consolidation within a minor uptrend phase that is still in place from the 1 August 2025 low for the US Wall Street 30 CFD Index. Bullish bias with 45,290/45,175 as the key short-term pivotal support zone, and a clearance above 45,780 sees the next intermediate resistances coming in at 46,060/46,180 and 46,365/46,400 (Fibonacci extension cluster) (see Fig. 2). Key elements The price actions of the US Wall Street 30 CFD Index have continued to trade above its 20-day and 50-day moving averages since 13 August 2025 and 1 August 2025. These observations suggest the minor and medium-term uptrend phases of the US Wall Street 30 CFD Index remain intact.The sideways movement of the US Wall Street 30 CFD Index in place since the 22 August 2025 minor swing high has evolved into a bullish continuation/consolidation configuration called “Ascending Triangle” with its range resistance at 45,780.The hourly RSI momentum indicator of the US Wall Street 30 CFD Index has managed to stage a rebound on Wednesday, 10 September, after a retest of its parallel ascending support, which suggests a short-term bullish momentum revival.Alternative trend bias (1 to 3 days) A break below the 45,290/45,175 key support invalidates the bullish tone for an extension of the minor corrective decline to expose the next supports at 45,945 and 44,715 (also close to the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Japan is preparing to launch its first stablecoin credit card. Starting in October 2025, ‘Nudge Card’ will be accepted at over 150M VISA merchants worldwide, and Nudge Corporation will accept the Japanese yen-backed stablecoin JPYC for repayments. Meanwhile, over in South Korea, e-commerce giant, Coupang, is partnering with Tempo to build blockchain rails for stablecoin adoption These developments in the Asian market reflect the broader global race to adopt crypto and blockchain payment systems. Best Wallet is gearing up with its upcoming Best Card, aiming to make everyday crypto transactions easier for people around the world. How Japan’s Nudge Card Could Revolutionize Crypto Adoption Across Asia Japan’s Nudge Card will use $JPYC (a yen-backed stablecoin) to make repayments via credit card. From October 2025, holders of the Nudge Card can make purchases using $JPYC on the Polygon blockchain. The Nudge credit card will bridge traditional finance with blockchain technology, providing seamless access to crypto payments in day-to-day transactions. It addresses security concerns head-on by leveraging Japan’s robust and evolving regulatory framework for cryptocurrencies and stablecoins. Furthermore, the Nudge Card will use blockchain transparency and AI monitoring to prevent fraud. Being a yen-pegged stablecoin, it also lets users bypass currency conversions and enjoy faster transactions, simplifying their tax and accounting processes. Coupang Steps Into Web3: New Layer-1 Chain Targets Faster, Cheaper Stablecoin Payments Meanwhile, in partnership with Tempo blockchain, the South Korean e-commerce giant Coupang has developed a layer-1 blockchain, marking its first public venture into blockchain technology. The e-commerce enterprise aims to promote stablecoin adoption for payments. This should reduce transfer times, save billions of won in payment fees, and eliminate foreign exchange risks. Despite all this, regulatory uncertainty in South Korea continues to hinder stablecoin innovation. Crypto experts believe blockchain adoption could speed up, provided progress in stablecoin regulations continues and the won-backed stablecoins are introduced by early 2026. Nevertheless, these developments signal that crypto payments are going mainstream in Asia and worldwide. Tapping into this shift, Best Wallet is also preparing to launch its own crypto credit card. Dubbed ‘Best Card’, it introduces a convenient payment option for seamless everyday crypto transactions. Nudge Card Tests the Waters in Japan; Best Card Could Change the Game Best Card is an upcoming feature of Best Wallet, a top-rated crypto wallet provider aiming to simplify discovering, buying, and trading digital assets. Best Wallet is expanding its utility and operations with loads of upcoming features, including Best Card, a crypto credit card which lets you pay with crypto anywhere MasterCard is accepted. The wallet also features its own native $BEST token that offers extra perks within the wallet, like reduced fees, access to exclusive token presales, governance rights, and staking rewards. The $BEST token will soon also be integrated with Best Card, offering attractive cashbacks for day-to-day crypto payments. With the global crypto wallet market expected to explode, analysts forecast $BEST could do 3x by this year’s end. If 84% staking rewards and a potential 221.67% ROI by the end of the year sounds good, join the $BEST presale today. This isn’t financial advice. The cryptocurrency market is highly volatile. Always do your own research before investing. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/japan-stablecoin-credit-card-best-wallet-next/

Larry Ellison has unexpectedly dethroned Elon Musk as the world's richest individual. Ellison's fortune surged to $393 billion, while Musk's net worth now stands at $385 billion. The dramatic shift is explained by a staggering single-day increase in Ellison's wealth—over $100 billion. The backdrop could hardly be more favorable. The S&P 500 gained 0.4% and the Nasdaq rose 0.3%, with both indices hitting new all-time highs, while the Dow Jones was little changed. Markets were buoyed by a weaker-than-expected Producer Price Index (PPI) report. In August, it unexpectedly dropped by 0.1%, and the July figure was revised lower. On an annual basis, inflation metrics also cooled, easing market concerns and bolstering expectations for monetary easing. According to JPMorgan and Fitch, the Federal Reserve could cut rates by 0.25% at its next meeting. Now, focus shifts to Consumer Price Index (CPI) data. Any signal of further cooling inflation would solidify expectations for rate cuts in September and the fall. The technology sector continues to drive gains. Oracle shares skyrocketed nearly 35% after the company unveiled an ambitious forecast for its cloud business. Nvidia climbed 3.7% and Broadcom rose 6%. In contrast, Apple shares fell 1.6% amid disappointment over the new iPhone 17. The overarching trend is clear. According to Forbes, the net worth of America's richest has reached a new record high of $6.6 trillion, up $1.2 trillion in just one year. Not long ago, Musk had held the top spot with a net worth peaking at $428 billion. He was the first business to cross the $400 billion mark. Ellison was second at $276 billion, and Mark Zuckerberg was third with $253 billion. The balance of power has been reshuffled. Shifts are taking shape in the balance of power in the US central bank. The Senate Banking Committee has approved Steven Miran, Donald Trump's nominee, for a seat on the Federal Reserve Board of Governors. The decision was strictly along party lines: - Republicans voted in favor - Democrats unanimously opposed The next step is a full Senate vote, which could take place as soon as Monday. This would allow Miran to take office in time for the Fed meeting on September 16–17. Given his rhetoric in favor of monetary easing, there is little doubt about where he stands. Miran will replace Adriana Kugler, who stepped down in August, giving Trump an opportunity to tighten his hold over the central bank. This is precisely what has fueled such a strong reaction from Democrats. Senator Elizabeth Warren warned her colleagues: "Donald Trump needs a scapegoat and a diversion, and that's what he's doing with the Fed." She described Miran's nomination as part of a campaign to fill the board with loyalists. "When the Fed loses its credibility, businesses and consumers stop trusting it to control inflation and start acting like inflation is here to stay – that raises prices across the board for American families in the long-run," she said. Tensions have escalated further after Miran admitted during hearings that, even if confirmed to the Fed, he does not intend to resign as chair of the Council of Economic Advisers. Instead, he plans to take a leave of absence from the White House and return to his position there after his brief term at the Fed. Legal counsel has confirmed that this is technically permissible, but Democrats consider it unacceptable. They have sent Miran a letter demanding he step down from his White House post. "It is ludicrous to contend that you could exercise independent judgment regarding monetary policy and financial regulation," the letter states. The senators also cited a 2023 tweet by Miran in which he wrote, "No person on the planet can go from highly political operative to politically neutral just because he or she gets a promotion," arguing that this casts doubt on his independence. Miran, for his part, maintains that he is ready to act independently, relying on his own analysis of the economy and climate policy. However, he refused to disclose the content of his conversations with the president. Senator Warren and her colleagues view this as a concerning development, suggesting that Miran's appointment could be part of a broader effort by Trump to assert greater control over the Federal Reserve. Interestingly, as recently as March last year, Miran proposed reforms for the central bank in an essay for the Manhattan Institute, suggesting: shortening the 14-year term of Fed governors increasing presidential oversight nationalizing the 12 regional Federal Reserve Banks by transferring them under state governors' control He described this approach as a way to "increase the democratic legitimacy" of the central bank. On Tuesday evening, a federal court in Washington, D.C., blocked Donald Trump's decision to remove Lisa Cook from her seat on the Fed Board of Governors. Judge Jia Cobb emphasized: "Removal was not meant to be based on the President's assumptions about the official's future performance as extrapolated from unproven conduct dating from before they assumed the office." Essentially, the mortgage fraud allegations used in the case failed to meet the legal requirement of "reasonable cause" for dismissal. However, as sources note, the White House is preparing an appeal. Administration spokesperson Kush Desai maintains the opposite: "President Trump lawfully removed Lisa Cook for cause due to credible allegations of mortgage fraud from her highly sensitive position overseeing financial institutions on the Federal Reserve Board of Governors." The pause in Donald Trump's decision to fire Lisa Cook from the Fed Board allows her to remain in office until the court process concludes. Still, the key question—will Cook be able to participate in the FOMC meeting on September 16–17?—remains unanswered. Cook was appointed to the Board of Governors in 2022 on the initiative of then-President Joe Biden. Her term at the Federal Reserve is set to run until 2038. Donald Trump's flagship initiative—implementing tariff duties—remains tied up in the courts. Nevertheless, the US president continues to move forward on this front. Early Monday morning, another round of changes to White House tariff policy took effect. This latest adjustment revises the scheme of so-called reciprocal duties, as stipulated in a presidential order published only on Friday evening. As a result, some products have now been granted exemptions, while others face additional tariffs. The most notable development was the removal of gold bullion from the tariff list. Just a month ago, Trump had promised to lift duties on gold after concerns about potential tariffs stoked volatility in the precious metals market. Ultimately, gold and certain other items have been added to the exemptions list, while a number of goods have simultaneously been made subject to duties. In particular, tariffs now apply to aluminum hydroxide, resins, and silicone products. The status of a range of other products remains unchanged. However, the text of the order strongly suggests that some items could qualify for relief in the future. The administration has designated four priority categories: Certain aircraft and spare parts Non-patented pharmaceuticals Rare natural resources Agricultural products are not produced in sufficient quantities domestically Bananas fall into the latter group. Previously imported almost duty-free, they are now subject to a 9.2% tariff. Because domestic production is limited (mainly in Hawaii, Florida, and Puerto Rico), this essentially acts as a consumer tax. Legal experts note the changes are strategic in nature. Ted Murphy of Sidley Austin points out that the president's authority to impose and adjust tariffs with as little as three days' notice makes it difficult for companies to engage in long-term planning. But the issue is broader. The reciprocal tariff authority used by Trump has already been ruled unlawful by two courts, and the matter now rests with the Supreme Court. A decision is expected in the coming weeks. According to Henrietta Treyz, head of Veda Partners, the base case is a ruling against Trump: "My base case with 50% to 65% odds is that the Supreme Court will side with the two lower courts and say the president doesn't have this authority." The White House sees things differently. Scott Bessent said Sunday that he is "confident" that President Donald Trump's tariff plan "will win" at the Supreme Court. Still, the US Treasury Secretary has acknowledged that an unfavorable ruling would severely weaken Trump's position in trade negotiations. At the same time, Trump continues to insist there is no inflation in the country, although rising prices remain the main weakness in his economic policy. Recent polls reveal a "double screen" effect: The public increasingly identifies inflation as the number one problem The president, in interviews, claims that prices have dropped on almost everything On WABC, Trump even asserted, "We have no inflation." This sharply contradicts both public perception and official statistics. Annual price growth remains above the Fed's 2% target. However, a positive development arrived in August: the producer price index unexpectedly dropped 0.1% instead of rising 0.3%. Year-on-year, the figure came in at 2.6%, below the expected 3.3%. For the White House, this is grounds for a victory declaration, and Trump promptly posted: "Just now: no inflation!!!" while again urging the Fed to cut rates. But the poll numbers are unmistakable. According to the Economist, Trump's approval rating on inflation has dropped more than on any other issue—down more than 30 points. RealClearPolitics now shows just 38.8% approval versus nearly 60% disapproval. By comparison, his overall support stands at 45.2%. CBS polling finds only 36% of Americans are satisfied with the inflation policy. Moreover, 65% believe the president's policies will push food prices higher. Sixty-two percent oppose new tariffs. Four in ten have already cut back spending because of higher duties. Reuters data tells a similar story: just 30% say Trump's actions have helped households lower their cost of living. At the same time, the president is openly pressuring the Federal Reserve to ease policy and is even considering a review of the inflation target itself. On social media, he approvingly cited Jay Hatfield of Infrastructure Capital Management, who called the 2% target too low and too strict and accused Jerome Powell of terrible job performance. In other words, Trump continues to push the narrative that inflation has been defeated, even though both public opinion and official statistics indicate otherwise. September 11, 2:00 / Japan / **/Reuters Tankan Manufacturers Index, September (leading indicator) / prev.: 7 points/ actual: 9 points / forecast: 10 points / USD/JPY – lower The Reuters Tankan index for Japanese manufacturers rose to +9 in August from +7 in July, marking the second consecutive month of gains. Sentiment received a boost from the trade agreement with the United States, which includes a reduction in tariffs on automobiles and certain goods to 15% in exchange for a $550 billion investment package from Tokyo. The most notable improvement was seen in the transport equipment sector, where the index jumped to +25 from +9 the previous month. However, forecasts suggest that optimism may weaken in the coming months. If the September reading reaches +10, this would further strengthen the yen. September 11, 2:50 / Japan /**/ Producer Price Inflation, August / prev.: 2.9% / actual: 2.6% / forecast: 2.7% / USD/JPY – lower Producer prices in Japan rose 2.6% in July after a 2.9% increase the previous month, marking the slowest annual pace in a year. Declines were noted in most categories, including transport equipment (1.7% vs. 2.2%), food products (4.2% vs. 4.5%), and electrical equipment (2.9% vs. 3.3%). Deeper drops were observed in metals and petrochemicals, with steel prices down 6.2% and chemicals down 3.6%. On a monthly basis, the index edged up 0.2%, in line with expectations. If August's increase is 2.7%, it would suggest stabilization in price trends, which could lend support to the yen. September 11, 4:00 AM / Australia /**/ Inflation expectations in September (leading) / prev.: 4.7% / actual: 3.9% / forecast: 3.9% / AUD/USD – volatile Consumer inflation expectations in Australia fell to 3.9% in August from 4.7% a month earlier. This is the lowest level since March. The decline coincided with the Reserve Bank of Australia cutting the rate to 3.6%, the lowest level in two years. According to the Melbourne Institute, headline inflation held at 2.4% earlier this year, while the core figure dropped to 2.9%, close to the lower boundary of the target range. Weaker price pressure and a dovish central bank policy are adding to currency volatility. If the September figure holds at 3.9%, the impact on the exchange rate will be limited. September 11, 3:15, 3:45 PM / Eurozone /***/ ECB rate decision, press conference / prev.: 2.15% / actual: 2.15% / forecast: 2.15% / EUR/USD – up In July, the ECB kept its key refinancing rate at 2.15% and the deposit rate at 2.0%. This confirmed the end of the easing cycle after eight cuts in a year, making borrowing the cheapest since late 2022. According to Christine Lagarde, the regulator is "in a good place," though risks from US tariffs create uncertainty for the inflation outlook. Inflation in the eurozone reached the 2% target in June, which justified the pause in policy changes. If the September meeting again confirms rates on hold, the euro will receive additional support. September 11, 3:30 PM / US /***/ Consumer inflation growth in August / prev.: 2.7% / actual: 2.7% / forecast: 2.9% / USDX (6-currency USD index) – up Annual US inflation in July held steady at 2.7% (third month in a row). Price pressure was driven by: used cars (+4.8%) transportation services (+3.5%) food +2.9% (unchanged from June) Housing slowed to 3.7%, while energy declined more sharply at -1.6%. Gasoline and fuel oil continued to fall, while gas remained expensive (+13.8%). On a monthly basis, the index rose by 0.2% after 0.3% in the previous month. If August inflation accelerates to 2.9%, it will strengthen the dollar on the currency market. September 11, 3:30 PM / US /***/ Core consumer inflation growth in August / prev.: 2.9% / actual: 3.1% / forecast: 3.1% / USDX (6-currency USD index) – up The US core consumer price index in July rose by 3.1% after gaining 2.9% in the previous month. This is the highest in five months. The acceleration was driven by increases in: medical services (+3.5%) household goods (+3.4%) auto insurance (+5.3%) recreation (+2.4%) Housing costs rose by 3.7%, slowing relative to June. On a monthly basis, the index added 0.3%, the strongest increase in six months. If the August figure confirms 3.1%, the dollar will gain additional upward momentum. September 11, 3:30 PM / US /**/ Weekly initial jobless claims / prev.: 229K / actual: 237K / forecast: 240K / USDX (6-currency USD index) – down Initial jobless claims in the US rose by 8K to 237K at the end of August. This is the highest in two months and above expectations of 230K. Continuing claims, by contrast, fell for the second consecutive week to 1.94M, the lowest in five months. Such mixed signals point to a gradual weakening of the labor market. If the early September figure approaches the forecast of 240K, the dollar will come under pressure. September 12, 1:30 AM / New Zealand /**/ Business NZ Manufacturing PMI in August / prev.: 48.8 / actual: 52.8 / forecast: 51.5 / NZD/USD – down New Zealand's manufacturing PMI rose to 52.8 in July from 48.8 a month earlier. New orders and output indices reached their highest levels since 2022. Employment also improved, returning to expansion after two months of decline. However, more than half of the surveyed companies pointed to persistent issues: weak demand high costs economic uncertainty If the August reading confirms 51.5, it may limit the outlook for the New Zealand dollar. September 12, 2:01 AM / UK /**/ House prices in August / prev.: -7% / actual: -13% / forecast: -10% / GBP/USD – up According to RICS, the UK house price balance fell to -13% in July from -7% a month earlier. This is the weakest reading in a year and below expectations of improvement. Price growth continued only in Scotland and Northern Ireland, while East Anglia saw a sharp decline. In the short term, a further moderate decrease is forecast, but respondents expect a gradual recovery over a 12-month horizon. If the August figure comes in at -10%, the pound may strengthen. September 12, 7:30 AM / Japan /***/ Industrial production growth in August (final) / prev.: -2.4% / actual: 4.4% / forecast: -0.9% / USD/JPY – up Industrial production in Japan fell by 0.9% in July after rising by 4.4% in the previous month. The dynamics remain volatile. The figures swing between steep declines and sharp gains, reflecting the sector's vulnerability to fluctuations in external demand and trade policy. According to METI, the long-term average drop is 4.4%. If the August result shows a -0.9% decline, it will confirm a slowdown in manufacturing activity and may limit yen strengthening. September 12, 9:00 AM / Germany /***/ Consumer inflation growth in August (final) / prev.: 2.0% / actual: 2.0% / forecast: 2.2% / EUR/USD – up Annual inflation in Germany accelerated to 2.2% in July from 2% a month earlier. This was the highest since March and above market expectations. Price growth was supported by food (+2.5%) and a slower decline in energy prices (-2.4% vs. -3.4%). Services kept inflation steady at 3.1%, while the core figure stood at 2.7%. On a monthly basis, consumer prices rose by 0.1%. If the August result confirms 2.2%, this will strengthen the euro. September 12, 9:00 AM / UK /***/ GDP growth in July / prev.: 0.9% / actual: 1.4% / forecast: 1.1% / GBP/USD – down The UK economy grew by 1.4% in June after a revised 0.9% in May. This was the fastest pace since February and better than the 1.1% forecast. The acceleration indicates a revival in business activity. If July growth confirms 1.1%, this may weaken the pound. September 12, 9:00 AM / UK /**/ Industrial production growth in July / prev.: -0.2% / actual: 0.2% / forecast: 1.1% / GBP/USD – up UK industrial production rose by 0.2% in June, reversing a decline from the previous month. If the July figure reaches 1.1%, it will signal sector recovery and support the pound. September 12, 1:30, 3:00 PM / Russia /**/ Bank of Russia interest rate decision, press conference / prev.: 20.0% / actual: 18.0% / forecast: 16.0% / USD/RUB – up In July, the Bank of Russia cut its key rate by 2.0% to 18%. This matched market expectations and continued the course of easing credit conditions. According to the regulator, disinflationary processes proved stronger than previously forecast, while high borrowing costs restrained business activity and consumer demand. Gradual labor market weakness was also noted amid workforce outflows. If the regulator lowers the rate to 16% ai its September meeting, the ruble will come under pressure. September 12, 3:30 PM / Canada /**/ Building permits in July (m/m) / prev.: 12.8% / actual: -9.0% / forecast: 3.7% / USD/CAD – down In Canada, the value of building permits fell to -9% m/m in June, totaling 12 billion Canadian dollars. This was the sharpest drop since June 2024 and fully offset May's 12.8% increase. The main decline came from non-residential buildings in Ontario, where the institutional sector dropped by CAD 1.4 billion. Meanwhile, industrial construction showed growth (+193M). The residential segment also contracted, mainly due to multi-unit projects in British Columbia. Despite this, on an annual basis, total permits rose by 6.9%. If the July figure adds 3.7%, this will strengthen the Canadian dollar. September 12, 5:00 PM / US /***/ University of Michigan consumer sentiment index in September (leading) / prev.: 61.7 / actual: 58.2 / forecast: 58.0 / USDX (6-currency USD index) – down In August, the University of Michigan consumer sentiment index fell to 58.2 from 61.7 a month earlier. This was the first decline in four months and the weakest reading since spring. The sharpest deterioration was in assessments of conditions for major purchases, which dropped to a one-year low. Survey participants also expressed concern about inflation and labor market prospects. Expectations for personal finances remained stable. If the September figure comes in at 58, it will confirm weak consumer sentiment and put pressure on the US dollar. September 12, 7:00 PM / Russia /**/ GDP growth in Q2 / prev.: 3.3% / actual: 1.4% / forecast: 1.1% / USD/RUB – up Russia's economy grew by 1.1% in Q2 compared to 1.4% in Q1 and 4% a year earlier. The slowdown is linked to high borrowing costs and weaker consumer activity. The effect of higher defense spending, which supported the economy last year, is gradually fading. According to the central bank, annual growth will only be 1-2%, while the Ministry of Economic Development is preparing to revise its 2.5% forecast downward. If the actual figure confirms 1.1%, this will increase pressure on the ruble. September 11, 2:15 AM / New Zealand / Speech by Reserve Bank of New Zealand's Christian Hawkesby / NZD/USD September 11, 11:30 AM / Eurozone / Speech by ECB Supervisory Board's Sharon Donnery / EUR/USD September 11, 3:45 PM / Eurozone / Speech by European Central Bank President Christine Lagarde / EUR/USD September 12, 5:00 AM / Australia / Speech by Reserve Bank of Australia's Brad Jones / AUD/USD Also during these days, speeches by representatives of major central banks are expected. Their comments typically trigger volatility in the currency market, as they may indicate regulators' future rate policy. The full economic calendar is available via the link. All figures are shown year-on-year (y/y). Where data is calculated month-on-month (m/m), this is indicated separately. The * symbol marks the importance of the report (in ascending order) for assets available on the InstaForex platform. Please note that publication time is Moscow time (GMT +3.00). You can open a trading account here. To keep your tools always at hand, we recommend downloading the MobileTrader app. Also, watch the market video news from InstaForex Group. The material has been provided by InstaForex Company - www.instaforex.com

A new market-cap–based Elliott Wave study from independent chartist Quantum Ascend (@quantum_ascend) argues that Stellar’s native token XLM is positioned for a fifth-wave advance that could lift its valuation roughly 5x from here. In a video published on September 10, the analyst says he prefers to model market cap rather than the dollar price because XLM’s supply dynamics have periodically distorted spot-price returns. Stellar (XLM) Set To Explode 400% “Looking at this… the USD price is only up 12,000% while the market cap chart [is] up 52,000%. So… there is some kind of inflationary pressure on the asset… Stellar, we have to use the market cap chart to measure out exactly where the price is gonna go,” he said, before mapping Fibonacci extensions on the monthly and weekly time frames. From a cycle that he dates to May 2016, the analyst counts five waves up into the January 2018 peak, five down into March 2020, and then a new, ongoing motive structure that has already printed waves one through four, with wave four “finished in April of this year.” He highlights an “88% week” in July that he interprets as part of the transition into the terminal wave. The crux of his call comes from overlapping Fibonacci projections: measuring the third-to-fourth-wave drawdown and the larger 2021 range, he finds confluence near the 3.618 extension, which places XLM’s fully diluted valuation zone between roughly $60 billion and $71 billion. “My primary there is going to be $60 billion on the market cap… could see a throw over there to that $71 [billion] as well,” he said. Translating capitalization into a notional price path, Quantum Ascend frames a primary price objective around $1.96 per XLM—with a more aggressive extension near $2.28—while emphasizing adherence to Elliott Wave proportionality: “We’re looking at 400% or a 5X… everyone’s going to be screaming for $2; it’s going to end up at like $1.96… another reason that makes sense is that the third wave cannot be the shortest… I feel really good about that target right there.” The analyst also notes that a rapid, internally impulsive sub-structure is plausible for the fifth wave (“could see five waves in this fifth wave here pretty quick”), given the asset’s history of condensed moves. As of September 11, 2025, XLM changes hands around $0.386 with a market capitalization near $12.28 billion, per CoinMarketCap. A move to the analyst’s $60 billion primary target would imply an appreciation on the order of ~4.9x from today’s valuation, with the precise dollar price contingent on circulating-supply conditions at the time of arrival. Supply mechanics are a key backdrop to his market-cap emphasis. In November 2019, the Stellar Development Foundation (SDF) reduced total XLM supply to ~50 billion via a 55 billion token burn; since then, no new lumens are created at the protocol level, although circulating supply has continued to evolve as SDF distributes treasury holdings over time. This helps explain why long-horizon market-cap curves can diverge from simple price charts, particularly when comparing epochs with different circulating float. If realized, a primary target near $1.96 would set a new all-time high for XLM, exceeding the $0.938 peak recorded on January 4, 2018. That historical marker is relevant because, in Elliott terms, structurally new highs often validate the completion of a cycle’s terminal wave—though the analyst himself ties confirmation to the unfolding of the internal wave structure rather than to a single price print. To be sure, Elliott counting and Fibonacci confluence are interpretive frameworks, not certainties. Macro liquidity, the path of Bitcoin dominance, and idiosyncratic issuance/distribution by large holders can all alter trajectories and timing. Still, for believers in cycle symmetry, Quantum Ascend’s case is straightforward: a high-time-timeframe fifth wave for XLM, projected at roughly $60 billion in market cap, equating to about a 400% rally from current levels—“just shy of $2” on price.