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British Pound: Oversold slide nears 1.3335 against US Dollar – UOB
Ethereum (ETH) rose above $2,700 on Tuesday, extending a recovery that began when buyers returned near a key on-chain price level. The rebound followed a difficult stretch for the cryptocurrency: ETH had slipped below $2,400 last week after the Clarity Act failed to advance in the US Senate, while a Federal Reserve rate hike added to uncertainty across risk assets. The move back above $2,700 suggests investors were willing to buy the decline. Yet the data behind the rally presents a less uniform picture. Spot Ether ETF inflows have improved, but deposits to exchanges have also increased, and activity in perpetual futures turned less bullish on Monday.
Arthur Hayes, who previously served as CEO of BitMEX, contends that a collapse in artificial intelligence spending might paradoxically create favorable conditions for Bitcoin. His reasoning suggests that diminished demand for AI computational resources could destabilize heavily leveraged data center operations and private lending markets, ultimately forcing interventions that expand dollar liquidity.
BitMine has just acquired 27562 additional Ethers for nearly 75.2 million dollars, bringing its treasury to about 6 million ETH. Thus, the company is approaching its goal of owning 5% of the total supply of the world's second largest crypto.
Ethereum posted impressive gains of 4.80% during the past 24 hours, advancing to $2,752.53. This upward movement brings the second-largest cryptocurrency within striking distance of the $2,800 resistance level and has reignited speculation about a potential advance toward the $3,000 threshold.
Tim Draper says Apple and Meta should hold Bitcoin as a treasury hedge, warning current U.S. fiscal trends could threaten cash and banks.
Saudi Arabia boosts oil exports through the Strait of Hormuz as oil prices fall toward $100, with diplomacy and improved flows easing supply concerns. The UK plans to provide Saudi Arabia with defensive support against the Houthis, while Goldman Sachs flags the risk of oil reaching $120.
President Donald Trump faces pressure from 27 Democratic lawmakers to maintain the ban on Chinese cars ahead of his meeting with Chinese President Xi Jinping.
During the second quarter, the Harbor Ares Systematic High Yield ETF returned 3.11%. Performance was driven by security selection. The performance of Ares Systematic Credit's proprietary Sentiment and Valuation research insights drove the security selection gains.
Bitcoin achieved a significant milestone this week, pushing to $87,000—a price level not seen in eight months. The surge followed a decisive breakthrough above the $82,000 resistance that had capped gains since August.
Ripple technology now powers Absa Digital Asset Custody, giving institutional clients in South Africa bank-grade digital asset safeguards.
Gold and silver remain pressured as Fed officials signal further tightening, while softer Treasury yields and geopolitical risks provide limited support.
DXY remains supported by Fed tightening expectations as it targets 100.53, while EUR/USD stays pressured and GBP/USD attempts to stabilize.
X now links U.S. Cashtags for stocks, ETFs and crypto to five partner platforms, where users can complete trades outside the social app.
Saudi exports recover and Iran talks ease crude supply fears as WTI and Brent rebound, while Qatar LNG disruptions keep global gas markets tight.
