Archives by Month:

Archives by Year:

Polkadot Community Ratifies JAM As Next Major Protocol Evolution – Can It Drive DOT Price To $10?

Polkadot Community Ratifies JAM As Next Major Protocol Evolution – Can It Drive DOT Price To $10?

The Polkadot community has overwhelmingly voted in support of the JAM upgrade as revealed by Polkadot co-founder Gavin Wood. In a recent X platform post, Wood revealed that the community has ratified JAM as the next major protocol evolution.The JAM protocol was born out of the need to implement a protocol that combines elements of […]
US Economic Data Still Reflect Low Recession Risk — Will It Last?

US Economic Data Still Reflect Low Recession Risk — Will It Last?

A broad set of US economic indicators continue to show that the odds are low that an NBER-defined recession has started or is imminent. This profile upends the dark narrative favored in some quarters. depositphotos There are possible warning signs brewing on the horizon, but the case for expecting trouble is still weak, according to the numbers.The basis for […]
Gold Prices Edge Towards $2351 Amid Weakening US Dollar

Gold Prices Edge Towards $2351 Amid Weakening US Dollar

Gold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors.This surge in gold prices can be attributed to a localised weakness in the US dollar, which has investors keenly anticipating the release […]
Looking For A Correction In Gold… [Dirty Dozen] 
                    
 

Looking For A Correction In Gold… [Dirty Dozen]  

“When a trader starts to feel really smart, he/she is headed for a huge drawdown.” ~ Peter Brandt (h/t Walter Deemer) In this week’s Dirty Dozen we cover crashing fund flows, an aging Risk Cycle, mild intermediate sentiment, stretched gold, a confirmed breakout in a potash producer, and a major squeeze in currencies, plus more…  depositphotos We hit the 19k level […]
Possible BNB Chain exploit sees $80K in BTC lost

Possible BNB Chain exploit sees $80K in BTC lost

A recent incident on the BNB Chain has resulted in the loss of approximately $80,000 worth of Bitcoin (BTC) due to a potential exploit involving a series of suspicious transactions. While the amount may seem small compared to typical crypto exploits, the attacker’s identity and intentions have come under scrutiny.According to on-chain security firm Cyvers, […]
NIKKEI 225 Index Elliott Wave Technical Analysis

NIKKEI 225 Index Elliott Wave Technical Analysis

NIKKEI 225(N225) Elliott Wave Analysis Trading Lounge Day Chart,NIKKEI 225(N225) Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: correctiveSTRUCTURE:orange wave CPOSITION: navy blue wave 4DIRECTION NEXT HIGHER  DEGREES: navy blue wave 5DETAILS orange wave B of wave 4 looking completed , now orange wave C is in play.Wave Cancel invalid level: 41239  The NIKKEI 225 Elliott Wave Analysis on the […]
Bitcoin Falls 2% As Mt. Gox Transfers 107,547 BTC

Bitcoin Falls 2% As Mt. Gox Transfers 107,547 BTC

The cryptocurrency market experienced a notable downturn on 28 May as Bitcoin (BTC) saw a 2% decline following substantial movements of BTC linked to the defunct Mt. Gox exchange. Wallets associated with Mt. Gox transferred a staggering 107,547 BTC, valued at approximately $7.3 billion, to an unknown address, causing significant market concern. This move comes as the […]
China’s Overcapacity Debate And How To Avoid A Collision Course

China’s Overcapacity Debate And How To Avoid A Collision Course

Chinese companies are rapidly gaining market share in strategic industries amid increasing accusations of subsidy-induced overcapacity. But what does ‘overcapacity’ actually mean, how concerned should we be, and what might happen next?  depositphotos The debate on overcapacity is heating upDiscussions about China’s overcapacity issue have been ongoing for many years. Most recently, various industries, such as those dealing […]
China’s Industrial Bank rewards digital yuan spending with carbon credits

China’s Industrial Bank rewards digital yuan spending with carbon credits

Fuzhou-based commercial bank Industrial Bank (CIB), has unveiled a novel rewards system that enables users to earn carbon credit points through digital yuan (e-CNY) spending, according to a recent report from Cnfol.com, an online financial information platform.Through the bank’s mobile app, users can now accumulate carbon points for a range of transactions, from daily payments […]
The S&P 500 Coasts Into Fifth Up Week Ahead Of Holiday Weekend

The S&P 500 Coasts Into Fifth Up Week Ahead Of Holiday Weekend

If anything noteworthy happened to the S&P 500 (SPX), you wouldn’t know it from how the index changed over the past trading week. depositphotos The S&P 500 closed at 5,304.72 on the Friday before 2024’s Memorial Holiday weekend. That was an increase of 1.45 points above where the index closed the preceding week. But that 0.03% gain was enough […]