Author: CryptoPress

Spot gold has fallen 25% from its January all-time high of $5,594, touching intraday lows near $4,098. A Trump-stoked equity turnaround saw the Dow Jones jump over 800 points, draining liquidity from precious metals. Analysts cite margin calls and a “dash for cash” as investors liquidate gold to cover losses in other asset classes. Gold prices suffered an aggressive correction on Monday, as spot gold surrendered one-fourth of...

Bitcoin surged over $71,000 on Monday following a social media announcement from President Donald Trump regarding a five-day pause on planned military strikes against Iran. The market rally followed what Trump described as “very good and productive” talks with Tehran, providing a temporary reprieve from a 48-hour ultimatum to reopen the Strait of Hormuz. The sudden price spike triggered approximately $791 million in leveraged...

Michael Saylor shared a cryptic “Bitcoin Tracker” update on X, a historical precursor to Strategy’s official purchase disclosures. The firm recently acquired 22,337 BTC for approximately $1.57 billion, bringing its total treasury to 761,068 BTC. Market analysts suggest the company is on a trajectory to hold 1 million BTC by the end of 2026, requiring an average weekly buy of 6,158 BTC. Michael Saylor, executive chairman of...

Nevada District Court Judge Jason Woodbury issued a 14-day temporary restraining order (TRO) against Kalshi on Friday, effectively halting its operations in the state.The Nevada Gaming Control Board (NGCB) argues that Kalshi is facilitating unlicensed gambling, particularly through contracts related to sports, elections, and entertainment.The regulatory blow comes just as Kalshi reportedly reached a $22 billion valuation following a fresh $1...