Tag: Breaking

Gold prices fell 11% this week to approximately $4,488 per ounce, recording the metal’s worst weekly performance since 1983. The decline was driven by a strengthening U.S. dollar, rising inflation expectations due to the Iran conflict, and the Federal Reserve signaling fewer rate cuts for 2026. Bitcoin (BTC) has diverged from the precious metal, rising 11.6% since the start of the conflict to trade near $70,500. Gold has just...

Senators Thom Tillis and Angela Alsobrooks reached an agreement in principle to resolve a month-long dispute over stablecoin yield. The compromise prohibits rewards on passive balances but allows activity-based incentives tied to payments and platform use. The deal aims to prevent “deposit flight” from traditional banks while preserving room for crypto innovation. A significant legislative hurdle for the Digital Asset Market...

Kaspa (KAS) rose approximately 4% in 24 hours, reaching a $1.1 billion market capitalization while outperforming major PoW assets like Litecoin. The Igra Network mainnet launch on March 19 introduced a decentralized EVM-compatible execution layer, enabling smart contracts on Kaspa’s BlockDAG. A major covenant-centric hard fork is scheduled for May 5, 2026, aimed at introducing native assets and advanced transaction logic. The Kaspa...

Bank of America economists have outlined a contingency path for a Federal Reserve rate hike, despite still viewing rate cuts as the most probable outcome. The report highlights surging energy costs and persistent inflation risks stemming from the ongoing conflict in the Middle East as primary catalysts for a policy shift. Analysts identified three specific conditions: an extended tenure for Chair Jerome Powell, unemployment remaining below...

The Producer Price Index (PPI) for final demand increased 0.7% in February, significantly outstripping the 0.3% consensus forecast. On an annual basis, headline wholesale inflation rose to 3.4%, the highest level recorded since February 2025. Bitcoin and major altcoins saw immediate selling pressure, with BTC dipping below $72,000 as traders recalibrated expectations for 2026 interest rate cuts. Wholesale prices in the United States rose...