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LeadThis week’s chart reveals a seismic shift: bitcoin’s correlation with U.S. equities has surged, dragging it deeper into traditional market dynamics. Once celebrated as anti‑establishment, bitcoin increasingly behaves like a macro‑driven risk asset. 1. From Rebel Asset to Institutional Client Bitcoin, once prized as a hedge and “digital gold,” now moves in sync with stock…
IntroductionIn a notable policy shift, OPEC+—led by Saudi Arabia—will accelerate oil output in August, boosting supply by 548,000 barrels per day. This follows steady 411,000 bpd increases in prior months and marks a decisive move from price defense to reclaiming global market share . 1. From Cuts to Claims OPEC+ originally imposed sharp 2.2 million bpd cuts in…
IntroductionAfter recent trade tensions cooled, the probability of a U.S. recession—once hovering around 60%—has sharply declined. According to prediction market Polymarket, odds are now sitting at approximately 22%, signaling renewed optimism in both investor and consumer sentiment. 1. What’s Polymarket Telling UsPolymarket, a crypto-based prediction market, now places the U.S. recession chance at roughly 22–26%….
Intro:A staggering $8 billion worth of Bitcoin—approximately 80,000 BTC—has stirred the blockchain after 14 years of dormancy. The transfers, originating from eight wallets funded between 2009 and 2011, all landed in newly minted SegWit addresses. Curiously, a discreet Bitcoin Cash transaction preceded them—raising alarm bells among analysts. 1. The Whale Activity Explained 2. Why the BCH Test?…
In a cutting-edge move, Japan’s Minna Bank is collaborating with Fireblocks, Solana Japan, and TIS to test stablecoins and Web3 wallets on the Solana blockchain. Core pilot goals: Why it matters: Strategic potential:This pilot could revolutionize retail payments, remittances, and tokenized assets while encouraging deeper experimentation with Web3 in regulated finance. Stay tuned:Key milestones include…
Body:What happened?France’s competition and anti-fraud watchdog (DGCCRF) has issued a record €40 million fine to Shein’s French entity over deceptive discounting practices and unclear environmental marketing. Scope of the investigationThe DGCCRF reviewed thousands of product pages between October 2022 and August 2023. Findings included: Deceptive discounting tacticsInvestigators identified that Shein inflated reference prices—sometimes by raising…
In a dramatic on-chain event, two Bitcoin wallets that had remained dormant since 2011 each transferred a combined total of 20,000 BTC—worth over $2 billion at current prices—into fresh addresses early today . These coins were originally acquired when Bitcoin traded at just $0.78, delivering a staggering ~140,000× return to today’s level above $109,000 per…
Who?Air France‑KLM, the Franco‑Dutch airline group, plans to increase its stake in Scandinavian Airlines (SAS) from 19.9% to 60.5%, acquiring shares from Castlelake and Lind Invest. What?If approved, the deal will give Air France‑KLM majority control over SAS, enabling deeper operational integration and unlocking significant synergies—estimated at hundreds of millions in annual savings . When?The…
Germany’s business sector is raising alarms over recent government discussions on restoring military conscription, warning it could deepen an already severe workforce crisis. With employers already struggling to fill roles due to demographic pressures and skill gaps, reintroducing a draft could siphon off valuable talent from the civilian labour market. According to the Financial Times,…
Filecoin (FIL) jumped as much as 9% in the past 24 hours, climbing from around $2.24 to a peak near $2.44 amid a broad crypto market upswing. The rally was backed by strong trading volume and growing investor interest ahead of blockchain events and wider risk-on sentiment. 📈 Price Action & Technical Setup 🌐 Macro…
