Washington’s rare purchase of Japanese yen has put currency intervention, US Treasury stability and global risk appetite into the same market equation, with implications extending to bitcoin and other digital assets. The US Treasury joined Japan on July 31 in buying yen to counter what Tokyo described as excessive volatility and disorderly moves in the currency. Japan’s Ministry of Finance confirmed the coordinated operation on August 3, […]
Circle has opened its Arc blockchain to the public, bringing a purpose-built network for institutional finance, stablecoin payments and tokenised assets into live production. The New York-based digital finance company said Arc’s public mainnet went live on Wednesday with more than 100 applications and more than 100 institutional and ecosystem builders spanning banks, asset managers, payment networks, exchanges, custodians, decentralised finance protocols, wallets and artificial intelligence platforms. […]
Publicly listed Bitcoin miners fell below cash breakeven as a group in the second quarter, with their weighted average pre-tax production cost reaching about $75,500 per coin against Bitcoin’s quarter-end price of $58,400. The gap of roughly $17,100, or 29%, marked a sharp deterioration in industry economics during the three months to June, according to a new sector review by digital-asset investment group CoinShares. The report said […]
More than 11.6 million cryptocurrency tokens stopped trading in 2025, an unprecedented annual total that accounted for 86.3% of all failures recorded by CoinGecko’s GeckoTerminal dataset between mid-2021 and the end of last year. The figure marks a steep acceleration from 2024, when 1,382,010 projects were classified as failed, and highlights the fragile economics of a market flooded with easily created tokens, particularly meme coins. CoinGecko counted […]
“This year marks the opening year of the National 15th Five-Year Plan. In the thick of accelerating global changes not seen in a century, the vibrant momentum driven by our country’s robust strength, enormous market and high-quality development presents Hong Kong with boundless opportunities. We will better develop our economy and boost social well-being, starting a bright new chapter for Hong Kong,” Mr Lee said.
Entitled “A Strategic Vision for a Bright New Era, Driving Reform and Boosting Development, Unleashing Opportunities and Enhancing Livelihood”, the Policy Address takes the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) as its blueprint, and proposes numerous key measures focusing on five major development opportunities to advance high-quality development.
To attract and retain high-calibre talent, the Hong Kong Special Administrative Region (HKSAR) Government will expedite the development of the Northern Metropolis University Town to strengthen the city’s position as an international education hub. The HKSAR Government will also increase the research postgraduate places by around 30 per cent and the quota for government scholarships by 200, and establish five new major academies for training international talent: the International Clinical Trial Academy, Maritime Academy, Hong Kong International Legal Talents Training Academy, Hong Kong Intellectual Property Academy and Hong Kong International Academy of Policing.
To promote industry development, the Policy Address proposes to accelerate development of an international gold trading market and to explore a proposal to provide tax concessions for qualifying activities within the gold and commodity trading ecosystem. The HKSAR Government will also announce details of the new Renminbi-denominated and physically settled gold futures contracts; explore the possibility of increasing the Exchange Fund’s gold holdings, and gradually transfer its physical gold holdings to designated vaults appointed by the Hong Kong Precious Metals Central Clearing Company Limited.
A number of policies are proposed to promote industry development, including introducing specialty insurance (e.g. commodity, commercial aerospace, etc.); injecting funding into the Artificial Intelligence Subsidy Scheme to support the development of the intelligent computing industry; accelerating the adoption of medical innovation and industry chain development to enable the public to benefit from better and newer drugs; and fostering a new economic landscape for the low-altitude and emerging industries, such as commercial aerospace.
The Government is developing six special industry parks, including the Loop Hong Kong Park, San Tin Technopole, Hung Shui Kiu Industry Park, Sandy Ridge Data Facility Cluster and Hung Shui Kiu/Ha Tsuen modern logistics cluster. Land is also earmarked for building an advanced construction industry park to increase investment opportunities for enterprises.
To attract enterprises to establish a foothold in Hong Kong, tax concessions will be granted on the basis of the value brought by enterprises, instead of solely considering the industry sector. The Government will introduce an amendment bill this year, providing preferential tax rates of 5 per cent, or half-rate, for selected enterprises operating in key sectors such as finance, advanced manufacturing, innovation and technology, as well as research and development, headquarters activities and logistics and supply chain management.
The HKSAR Government will fully support the work of the International Organization for Mediation headquartered in Hong Kong, and build a global capital of mediation. It will also drive the establishment of the International Institute for the Unification of Private Law in Hong Kong, support the Judiciary to advance the development of the International Commercial Court, and establish the “Strategy Committee on Intellectual Property Trading Development” to assist the Government in formulating strategies and support measures for the promotion of intellectual property trading.
Regarding international co-operation, two United Nations (UN) organisations, the centre of excellence on global advanced manufacturing and the Office on Drugs and Crime’s GlobE Network Asia Pacific Regional Bureau, will establish their presence in Hong Kong respectively. Elsewhere, the new WestK Performing Arts Centre, scheduled to open next year, will feature four performance venues built to the highest international theatre standards, while Asian and international sports associations will be encouraged to establish a presence in Hong Kong.
“Today, Hong Kong is at a critical juncture in advancing from stability to prosperity. We are fully aware that formulating a comprehensive, strategic roadmap is integral to our long-term development. The Government has been persistent in mapping our way by driving development through reform. The primary goal of our policies is to enable economic development that can benefit the people of Hong Kong, and meet their aspirations for a better life,” Mr Lee said.
Please visit www.policyaddress.gov.hk for the details and key points of the Policy Address.
Hashtag: #HongKong #PolicyAddress #Strategic #Vision #NewEra
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Payward, the parent company of cryptocurrency exchange Kraken, is pursuing a route to offer US traders perpetual futures linked to Hyperliquid’s HYPE token, but publicly available regulatory and Kraken product information indicates the proposed expansion has not yet been confirmed as a live US offering. The move would broaden Payward’s regulated derivatives business and give eligible American customers exposure to one of the crypto market’s most actively […]
Middle East supply disruptions are accelerating Africa’s drive to expand domestic refining and production as governments and companies seek to reduce exposure to volatile fuel costs and vulnerable shipping routes. Disruption around the Strait of Hormuz and Red Sea has pushed energy markets higher, raising import bills across a continent where most countries remain net buyers of crude or refined petroleum products. The African Development Bank says […]
The 2026-2030 plan, released on Wednesday, calls for an integrated gold ecosystem covering storage, trading, clearing, refining and related financial services, while encouraging more renminbi-denominated commodity products. The government said it would strengthen links with mainland exchanges and attract international investors as it develops the city’s role as a global offshore renminbi centre.
It describes gold as an asset and envisages a one-stop storage, trading and clearing centre.
The strategy gives formal five-year backing to a gold-market expansion already under way. Hong Kong began trial operations of a central clearing and settlement system for gold in July and plans to launch the system formally in the first quarter of 2027. The administration is also seeking to expand storage capacity, improve refining capability and support more gold dealers and financial institutions in establishing operations in the city.
The plan says Hong Kong will explore renminbi-denominated gold and commodity markets and deepen co-operation with the Shanghai Gold Exchange and Shanghai Futures Exchange. It also aims to increase the range of products priced in the Chinese currency and encourage the use of renminbi for pricing and settlement in spot commodity transactions.
Chief Executive John Lee’s administration has framed the programme as part of a broader effort to strengthen Hong Kong’s position as an international financial centre while aligning more closely with China’s national development priorities. The five-year plan also seeks to enlarge the city’s offshore renminbi business, improve liquidity support and expand the range of renminbi bonds and other financial products.
Hong Kong remains the world’s largest offshore renminbi market. The government said offshore renminbi lending reached a record 935 billion yuan in 2025, while renminbi bond issuance reached 1 trillion yuan for a second consecutive year. The new plan proposes a dedicated offshore renminbi liquidity provision mechanism and wider use of the currency in trade, investment, financing and government expenditure.
Gold is intended to provide the first platform for a wider commodities push. The government said Hong Kong would use its status as an approved delivery point in the London Metal Exchange’s global warehousing network to develop trading, risk-management and financing services across additional commodities.
Since Hong Kong joined the LME warehousing network in 2025, approved storage space has exceeded 60,000 square metres and metal inventories have risen above 20,000 tonnes, according to the government. Authorities plan to facilitate more LME-approved warehouses in the Northern Metropolis and introduce a half-rate tax concession for physical commodity trading to attract additional market participants.
The Hong Kong Exchanges and Clearing group also plans to announce details this year for new renminbi-denominated, physically settled gold futures contracts. The government said the contracts are intended to strengthen the currency’s role in precious-metal pricing and provide another channel for international investors to gain renminbi exposure.
Other measures include possible tax concessions for qualifying gold and commodity activities, additional insurance capacity for gold storage and trading, and support for an industry-led trade association. Officials are also examining tokenised warehouse-receipt financing and blockchain-based systems that would allow commodity inventories to be used more flexibly as collateral.
The administration has set a target of lifting Hong Kong’s gold storage capacity to more than 2,000 tonnes within three years. It is also encouraging internationally qualified refiners to establish or expand local operations, with government agencies assisting interested companies in identifying sites and navigating regulatory requirements.
Closer integration with mainland markets is another element of the strategy. The plan calls for wider market access between Hong Kong and mainland gold markets and further collaboration with the Qianhai Mercantile Exchange, including development of renminbi-settled commodity futures, options and spot products.
The regulatory relaxation allows fund managers more room to adjust the cash and futures legs of arbitrage trades while participating in the Closing Auction Session, people familiar with the change said. The move is intended to encourage funds that collectively manage a large pool of equity-linked assets to place orders in the auction rather than largely completing transactions beforehand.
The change addresses a central weakness that has emerged since the auction system was introduced on August 3 for shares with futures and options contracts. Trading during the closing window has at times been thin, leaving prices vulnerable to sharp moves when large buy or sell orders enter a relatively shallow order book.
Arbitrage funds are viewed as a potentially important source of balancing liquidity because they hold shares in the cash market while maintaining offsetting short positions in futures. That structure can enable them to sell stock when the closing auction is dominated by buyers, or buy when supply is heavy, without necessarily taking a directional market view.
SEBI has not issued a public circular detailing the latest operational flexibility. Existing mutual-fund rules require arbitrage schemes to maintain at least 65% of assets in equity and equity-related instruments, while their strategy is built around offsetting positions designed to capture differences between cash and derivatives prices.
The regulator’s intervention comes as it separately reviews the mechanics of the Closing Auction Session after volatile expiry-day moves raised concerns over price discovery and derivatives settlement. A consultation paper issued on September 12 proposed changes to the way settlement prices are determined when futures and options expire.
One option under consideration would blend the volume-weighted average price from the final 30 minutes of continuous trading with prices established in the closing auction. Another would temporarily retain the earlier 30-minute volume-weighted average methodology for derivatives settlement while the auction develops deeper liquidity.
SEBI has also proposed restrictions on order cancellations outside a specified range around the reference price, a shorter post-auction derivatives trading window and changes to the publication of indicative index closing levels during the auction. Public comments on those proposals are open until October 3.
The Closing Auction Session replaced the previous method of setting closing prices for eligible stocks through the volume-weighted average of trades during the last 30 minutes of normal trading. Under the new framework, eligible cash-market stocks move into an auction process late in the session, while equity derivatives continue trading until 3.40 pm.
The auction is intended to concentrate end-of-day orders and produce a closing price based on the level at which the greatest quantity of shares can be matched. Similar mechanisms are used in several major global markets, particularly for large institutional orders and benchmark-tracking flows.
Early trading under the system, however, produced unusually wide gaps between cash-market closing prices and futures values on some days. Those differences caused sharp one-day movements in the net asset values of arbitrage funds because the cash and derivatives legs of their portfolios were marked using prices generated under different trading conditions.
Fund managers and market participants have argued that broader institutional participation is essential if the auction is to deliver stable price discovery. Arbitrage funds, with assets of roughly ₹3.5 trillion according to industry estimates, represent one of the largest pools capable of supplying two-way liquidity without relying on outright directional bets.
The mutual-fund industry has also examined changes to futures valuation that would better align derivatives prices with the auction-determined cash close. One proposal would derive a theoretical futures closing value from the final cash-market price and the prevailing cash-futures spread, reducing temporary valuation mismatches in arbitrage portfolios.
Arabian Post Staff -Dubai Fasset will become the first platform worldwide to list DDSC, the UAE dirham-backed stablecoin, under a new collaboration that will also allow users to swap the token with major dollar-backed stablecoins including USDC and USDT. The arrangement expands DDSC’s distribution beyond its initial institutional use and follows regulatory approvals that opened the way for the token to appear on selected platforms overseen by […]
The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, halting the cryptocurrency industry’s strongest attempt to secure a comprehensive federal market structure framework and pushing the regulatory burden back towards existing agencies. The cloture motion on the measure, H. R. 3633, was rejected 49-50, according to the Senate’s official roll call. Sixty votes were required to end debate on the motion to […]
SOCAR plans to take a final investment decision by the end of 2026 on a petrochemical expansion in Türkiye valued at up to $7 billion, placing higher-value manufacturing at the centre of Azerbaijan’s effort to broaden its energy economy beyond crude oil and gas sales. The State Oil Company of the Republic of Azerbaijan is assessing new production units and upgrades to existing facilities at Petkim, its […]
SINGAPORE – Media OutReach Newswire – 16 September 2026 – Following DHL Express’s introduction of Heavy Weight Express (HWX) this year, DHL Express recorded a 16% growth in its Time Definite International Weight per Day in Asia Pacific (excluding China) between January and July2026. This reflects how DHL’s Smart Industrial Growth Strategy is yielding positive outcomes as businesses are moving heavier, critical components, machinery, and industrial equipment across borders.
The heavyweight market has been gaining traction in recent years. Industry research shows that an estimated 10.2 million tons of heavyweight shipments¹ are being moved in Asia Pacific (excluding China) each year. Many companies have spent years reducing inventory and improving efficiency across their supply chains. However, companies today operate in a far less predictable environment marked by trade disruptions, manufacturing bottlenecks, and fluctuating demand. The rise in heavyweight shipment volumes mirrors a shift in how businesses are managing supply chain risks, as they increasingly turn to express logistics not only to handle sudden shifts in demand but also to have greater agility, certainty and control over timelines.
“Behind the numbers is a simple reality: Businesses are shipping heavy when timing matters and when it’s critical,” said Ken Lee, CEO for Asia Pacific, DHL Express. “As companies continue to navigate a complex landscape where uncertainty has become the norm, speed and reliability have also become part of the business decision. Customers are making deliberate decisions on what they ship through our network. Our Heavy Weight Express solution helps companies avoid downtime, protect working capital and keep operations moving when supply chains don’t go exactly as planned.”
Technology, Engineering & Manufacturing, and Automotive top Asia Pacific’s heavyweight contributors
Across the region, high-value, technology-related cargo, such as computer chips and semiconductors, accounts for the largest share of DHL Express’s heavyweight segment at over 34%, driven by rapid investment in data centers to support the growing demandfor computing capacity, data storage, cloud services, as well as artificial intelligence. This has fueled demand for technology-related shipments, from semiconductors and servers to cooling systems and electrical infrastructure. However, a data center crunch is creating supply chain bottlenecks as demand for semiconductor manufacturing outpaces infrastructure supply. As a result, express logistics services are urgently activated to move critical components quickly and efficiently, helping to keep projects on schedule.
The other main contributors to the heavyweight segment are businesses in engineering & manufacturing as well as the automotive industry.
Automotive is the fastest growing sector
HWX service is also gaining strong momentum in the automotive sector, with its shipment weight increasing at a rate of nearly 20%. As the leading export region for this sector, Asia Pacific is also seeing a surge in Asian automotive brands, particularly Electric Vehicle (EV) manufacturers from China and Southeast Asia. As these brands expand into new markets, they are also moving vehicle parts sourced from different suppliers and manufacturers across borders. This has created the appetite for expedited shipments to keep production running. In this sector, a single late or failed shipment could instantly cost automotive manufacturers millions of dollars.
Asia affirms role as a vital trading hub
In Asia Pacific (excluding China), the fastest growth in heavyweight shipments for the first seven months of the year came from India, the Philippines, Vietnam, Japan and Hong Kong. These markets reflect two of the region’s strongest trade corridors – Southeast Asia’s firm role as a manufacturing and sourcing base, and North Asia’s strategic position as a hub for high-value technology, industrial and automotive supply chains. Additionally, India, the Philippines, and Vietnam are also recognized as key markets of the geographic tailwinds initiative.
“As companies continue to manufacture out of Asia, balancing project timelines and building more resilient and agile supply chains become a priority. To maintain production continuity and ensure certainty, they are consolidating goods into heavier shipments. These non-negotiable conditions are also “urgency drivers” that put us at an advantage to help deliver our customers’ shipments at a definite time,” said Ken Lee, CEO for Asia Pacific, DHL Express.
In recent years, DHL Express has added several new infrastructures across the region, including an expanded global hub in Hong Kong, facilities near Cebu and Manila airports, gateway at Christchurch airport, Hanoi gateway near Noi Bai airport, as well as Delhi gateway, culminating in approximately 1,000 facilities in the Asia Pacific region. This is further supported by a robust aviation network of around 810 flights per day.
¹McKinsey/IHS Markit (2024)
Hashtag: #DHLExpress #GlobalTrade #HeavyWeightExpress
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DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
The US Senate failed to advance the CLARITY Act on Tuesday, handing the cryptocurrency industry a major setback despite a late White House effort to challenge banking-sector warnings that stablecoin rewards could drain deposits and curb lending. The procedural vote ended 50-49 in favour of advancing the legislation, 10 votes short of the 60 required. Republican senators Jerry Moran, Rand Paul, Josh Hawley and Thom Tillis joined […]
Chinese President Xi Jinping used the 18th BRICS Summit to argue that countries should pursue development paths suited to their own national conditions, a message that overlapped with the summit’s broader emphasis on policy autonomy, inclusive growth and reform of global institutions.
Addressing the first leaders’ session on September 12, Xi marked 20 years of BRICS cooperation and said members had strengthened themselves through unity while preserving independence in choosing their economic and social models. He described BRICS as an increasingly important platform for emerging markets and developing countries.
The summit’s New Delhi Declaration gave that theme wider institutional form. Leaders called for a more representative international order, greater participation by developing countries in global decision-making and reforms to institutions including the United Nations, World Trade Organization and international financial architecture.
The declaration also reflected the diversity within the expanded grouping. Rather than prescribing a single model of development, BRICS leaders stressed national circumstances, differing capacities and the need for policy space, particularly in areas such as energy transition, industrialisation and climate action. That approach broadly matched Xi’s argument that development strategies should reflect domestic conditions rather than external templates.
Xi sought to extend the idea into technology policy. He proposed an initiative on artificial intelligence-enabled industrialisation, deeper cooperation in research and applications, and stronger industrial and supply-chain links. China also promoted open-source AI collaboration and international platforms intended to improve access to emerging technologies for developing economies.
Other leaders framed similar priorities through their own national perspectives. Prime Minister Narendra Modi emphasised resilience, innovation, cooperation and sustainability, the four themes of India’s 2026 BRICS chairship, and called for solutions developed within the grouping to serve a wider range of developing countries. He also urged members to translate summit commitments into practical programmes.
BRICS members agreed on measures spanning digital cooperation, food and energy security, health, trade facilitation and the use of local currencies in cross-border transactions. The declaration supported stronger payment connectivity while stopping short of endorsing a common BRICS currency.
The economic agenda also underlined the practical test facing the grouping. Members backed use of national currencies in trade and investment, stronger cooperation through the New Development Bank and efforts to improve financial resilience. Such measures are intended to widen financing options for developing economies without committing members to a single monetary framework or common currency.
The expanded bloc now brings together countries with sharply different political systems, strategic alignments and economic structures. That breadth gives BRICS a larger claim to represent developing-country concerns, but it also limits how far members can converge on detailed policy prescriptions. Analysts have noted differences over whether the group should remain primarily an economic and development forum or assume a stronger geopolitical role.
Those tensions were visible alongside the development agenda. Leaders opposed protectionism and unilateral economic measures, supported a stronger multilateral trading system and called for reforms that would increase the voice of developing countries. At the same time, members avoided turning the summit into a unified ideological platform, relying instead on consensus language broad enough to accommodate competing interests.
Xi’s second summit intervention on September 13 placed a “people-centred” development philosophy within a wider call for Global South cooperation. He urged progress on the UN Sustainable Development Goals, improvements to global climate governance and a consensus-based framework for governing artificial intelligence.
China’s approach also carries strategic implications. Beijing has increasingly used BRICS and other multilateral forums to promote its views on development, sovereignty and global governance. Some members share its criticism of unequal representation in international institutions, while others remain cautious about allowing BRICS to become identified with any single country’s geopolitical agenda.
CoinEx has begun an orderly shutdown of its cryptocurrency exchange after nearly nine years, giving customers until December 22 to withdraw assets. The platform said new registrations and referral rewards would stop from September 15, while futures markets moved into reduce-only mode as the first stage of a phased wind-down. CoinEx attributed the decision to a prolonged downturn in digital-asset markets, contracting trading volumes and liquidity, and […]
Arabian Post Staff -Dubai Oil prices rose on Tuesday as renewed attacks on Saudi Arabia and the continued shutdown of the kingdom’s East-West pipeline kept traders focused on the risk of further disruption to Middle East crude supplies. Brent crude climbed $1.24 to $106.93 a barrel, while US West Texas Intermediate gained $1.29 to $102.65 in Asian trading. The move followed another wave of Houthi attacks on […]
Eight major US banking trade groups have urged Senate leaders to tighten the CLARITY Act’s restrictions on stablecoin rewards, warning that a new regulatory “circuit breaker” would take effect only after damaging deposit outflows had already occurred. The warning came in a joint letter sent on Monday to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer ahead of a procedural vote scheduled for Tuesday, September […]
Arabian Post Staff -Dubai Wall Street is preparing for the Federal Reserve to raise interest rates this week for the first time since July 2023, after another surge in oil prices and stubborn inflation pushed market expectations decisively towards tighter policy. Interest-rate futures on Monday assigned roughly a 90% probability to a quarter-point increase at the Federal Open Market Committee’s September 15-16 meeting. A move of 25 […]
By R Suryamurthy The 2026 New Delhi Declaration arrives at a revealing moment for BRICS: two decades after the grouping emerged as a shorthand for the rising economic weight of the Global South, it is no longer merely demanding a larger seat at the table of global governance, but is beginning to construct the institutional […]
The article BRICS is not building a new order, but a hedge against the old one appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Calls by leading artificial intelligence executives to slow development of advanced models pressured Asian semiconductor shares on Monday, but investors and strategists said robust spending on computing infrastructure was likely to keep the longer-term AI investment cycle intact. Samsung Electronics fell as much as 4.1% in early trading, while South Korea’s SK Hynix dropped 5.8%. Japan’s Advantest declined 4.7% and Kioxia Holdings slid 9.3% as markets assessed […]
Artificial intelligence leaders are facing mounting resistance from investors and President Donald Trump after calls by Anthropic and OpenAI to slow the advance of frontier models triggered sharp losses in technology shares and exposed a widening dispute over how quickly the industry should proceed. Anthropic chief executive Dario Amodei has urged leading developers to reduce the pace at which they improve model capabilities, arguing that safety systems […]
Z. AI Co. has raised about $5 billion through a Hong Kong share placement and convertible bond sale, returning to the market within days of a 60-day issuance lock-up ending as heavy spending on artificial intelligence models continues to consume cash. The Beijing-based company, formerly known as Zhipu AI, sold 21.97 million new H shares at HK$714 each, raising roughly HK$15.7 billion, or about $2 billion. It […]
Bitcoin faces renewed downside warnings after Bloomberg Intelligence senior commodity strategist Mike McGlone argued that a stock-market correction and tighter US monetary policy could drive the cryptocurrency sharply lower, potentially towards $10,000. McGlone’s latest bearish case centres on Bitcoin’s failure to establish a sustained break above $80,000, its increasing sensitivity to equities and the prospect that higher interest rates could pressure speculative assets. Bitcoin was trading near […]
