🔺 Japanese firm #Metaplanet Inc. raised ¥10B ($66M) from its 11th #stock acquisition rights exercise, with participation from 13,774 shareholders.
The funds will likely fuel further $BTC investments, as the firm now holds 855.478 BTC.
#Bitcoininvestment #Bitcoin #TrendingTopic

👉GOLD UPDATES

Gold is now in a “new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential peak in the U.S. dollar,” said Paul Wong,

market strategist at Sprott Asset Management.His remarks came after the price of the yellow metal advanced to a fresh record high — $2,700 per ounce.

A growing chorus of analysts have predicted that the price of gold will continue to rise to new records, with some expecting the commodity to cross $2,800 in the next three months.

Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights.

#“Gold has entered a new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential peak in the U.S. dollar,” Paul Wong,

market strategist at Sprott Asset Management, wrote in a note, after the price of the yellow metal advanced to a fresh record of $2,700 per ounce on Monday. 

#GOLD_UPDATE #Bitcoin #crypto #stock $BTC $ETH $BNB

Yeah Trump elected with Elon's help is very bullish for $BTC , and probably $DOGE to the moon as well in that scenario. However on rate cuts, we just saw US GDP come in lower, and it's quite a low number to make Dow Jones gap down. And 2hrs later they interviewed Williams, and he is still saying not to move the interest rates, as in at least hold it in place. I understand that it is an election year, the Fed is under pressure from Biden to deliver at least one rate cut..... but the Big Banks behind the Fed thinks they are close to causing a crash in the China Yuan (like they did to the Russian Rouble in 1998). They might want to hold on, or even hike one more time. Why else would all these Fed presidents come out and talk about hiking one or two more times? If they don't then they lose their cerdibility. It could be just a threat, but the point is they obviously want to talk the US interest rates and yields up, at least they want the market to lift up those rates without them having to actually hike. (And I think the probability of the Fed hiking is easily larger than what the market is priced in, and as I always said the US economy might tank before the Fed can get a chance to hike. They are playing with fire, holding rates high to crash China's currency, not doing what is right for US economy).#stock

Hi folks, the big news here is that USD is breaking down, so are the US 2 and 10 year yields... They all have broken down out of their channels and might do a "retest" at 104.6 for USD, and then it's likely headed down. Market is waiting for confirmation, and that is why BTC is above 70K again, cocked and loaded, ready to go.... My last message was that the Fed would like to hike rates one or 2 more times, which is why they keep draggin their feet at rate cuts. BUT the economy MAY NOT allow them to drag it on, US economy is starting to see some weakness. Again, this is my Boxer analogy, he wants to keep swinging for a knock out after 12 rounds, refusing to go to the toilet, but he might burst in his pants if he keeps holding out for too long. So this is all looking good for BTC, and if BTC gets above 73K and confirms, then I think the retail money will finally get all those BTC at new ATH headlines and come into crypto, then we have a more general bull market where many narratives pump at the same time. I am flying to Fiji, so I'll keep the messages brief for next few days. On Wed US we have the Services PMI, and on Friday NFP jobs, and on Thursday we have Europe deciding to cut rates or not.... These are now MORE important because they are happening in a week where it looks like the USD is breaking down, so they could help give the final push to get USD down. If so, then so many assets will take off, US stocks $BTC (and later altcoins) and Gold/Silver as well, China/HK stocks too.#stock

These economic numbers are mostly hot across all areas, stronger jobs numbers than expected, so there is no need to do a rate cut. The Fed can delay rate cut or even do a rate hike is still possible. The only weakness here is that Unemployment rate hit 4.0%. So the earnings per hr are higher which causes inflation, and the number of jobs is stronger than expected. The Fed will use this as an excuse to HOLD rates high, and maybe even HIKE rates. As I have said for months now, I think the market got it wrong, and that Fed really WANTS to hike rates, so they can crash China’s Yuan and especially the Chinese real estate sector. Basically, a lot of large Chinese real estate companies borrowed in USD when US rates were at 0% during Covid, but now during a rate hike by the Fed a lot of them have to pay much higher interest rate, and also pay a HIGHER USD exchange rate. Plus on top of it, Wall St tries to kill the Chinese Real Estate sector by downgrading its bonds to Debt, and using media to scare everyone about the “Chinese Ghost Cities” and how China Real Estate is gonna b China’s GFC etc… US controls the ratings agencies (which famously did NOT warn against its own housing GFC in 2009), but they are very good at downgrading Chinese property bonds. And US owns all the major media outlets, such as Wall St Journal, Economist, NYT etc…. Which are obviously doing a co-ordinated attack on China real estate saying it will “Collapse”. Whilst the market kept predicting 6 rate cuts this year, I kept saying NO, the Fed actually WANTS to hike rates. Because the Fed does not work for the American people it works for all the Wall St Big Banks, and they want to crash Chinese Yuan and Real Estate, so they can go in and scoop it all up at major discounts. Do you finally see it now?
#stock

#bitcoin remains steady around the $30K mark, while #ETH slightly dips.

As the #stock markets move towards "bull territory," the crypto market seems to follow suit. Analysts suggest that labor market updates from the US could impact #crypto prices in the short term.

A bipartisan group of United States senators has renewed efforts to push through laws that will ban members of Congress from trading stocks. In a July 9 letter to House Speaker Mike Johnson and Democratic Leader Hakeem Jeffries, a bipartisan group of 20 senators proposed an amendment to the Stop Trading on Congressional Knowledge Act c 2012 to stop lawmakers from stock trading. “Congress should not be here to makeabuck"said US Senator Josh Hawley at a press conference. "There is no reason why members of Congress ought to be profiting off of the information that only they get and the rest of the American people don't get." The Senators also noted that 97 members had traded stocks where the committees they oversaw had a direct impact and that members of Congress had, on average, outperformed the S&P 500 by 17.5%. The senators cited a recent investigation that found that one in seven sitting members of Congress had violated the STOCK Act between 2021 and 2023. The proposed amendment to the STOCK Act would ban sitting congresspeople from trading within 90 days of the bill being signed. Additionally, it would ban the sitting president, vice president, and the spouses and dependent children of all sitting Congress members from trading stocks beginning in March 2027. The penalty for violating the new laws would be a fine of 10% of the value of the asset traded, a significant step up from the current penalty, which is just $250 per transgression. "It is abundantly clear that more is needed to stop this type of behavior that is not only unethical but also undermines the public trust in our democratic institutions,” wrote the Senators in their letter. "Members of Congress should be working in service of their constituents, not using their positions to line their own pockets" Senator Golden said in a July 9 statement. Members of the House first proposed major amendments to the STOCK Act in January 2022, in a letter addressed to then-Speaker Nancy Pelosi and Minority Leader Kevin McCarthy.
#trade #stock #govt #money

For the folks investing in AI, I’ve said for a while now that I think China is in a tight race with US on AI. It would be wrong to assume US has a massive lead in AI that China can’t catch…. Then you look at the price of the AI stocks in China and US🤣🤣🤣 One is so much cheaper, the other one is breaking record on how big its market cap is…. you see what I mean?#stock

Important to read if you are holding any leverage longs

#crypto #alts #stock #arb

This is historic, first time ECB cuts before USA…. in many years. But the message is still hawkish on inflation so maybe not as many cuts from ECB as originally expected. Thus USD is down after this.#stock

Look at these 🍆heads, they probably can’t actually hike much from here, even though the Fed WANTS to. So they use their mouth, they talk talk talk, say dumb 💩 like get the rate to 8% and tries to scare the market into pumping the USD against other currencies. This is all about keep the USD strong, because once they cut and start this rate cut cycle, USD will dump and metals and commodities will take off more, and the pressure is off China debt and stocks. So these 🍆heads are determined not to let that happen, and they use their mouth to keep piling on the pressure.#stock

Sunday to Sunday. Week full of turbulence that shakes the insides of merchants. We started normally and ended full of fear in the #cryptocurrency #market. In the #stock market, sentiment seems to be going in another direction. The daily #RSI on Tuesday was at highs, a strong sign of the roller coaster at the top of the hill, in fact the next day it started to go down until today, which is checking whether it goes up or continues to go down. The weekly and monthly RSI reveals that there could be more negative trends. Google's trend jump when $BTC was falling indicates that expectations are high. Total apathy this week from the socials. Thusday and wendnesday crucials for a stong directions. If you #like it... share it.

Someone is buying big chunks of these options betting on rate cuts. They are kind of noteworthy considering that Fed is 91% chance expected to hold in July. So this guy is betting sizeable sums on econmic data to weaken, maybe this guy has some inside info.#stock

Today’s little pump is brought to you by the low Manufacturing PMI, it shocked to the downside, making the market think the economy is weak, so Fed can’t hike any more and might even cut rates. The Fed as I said would like to hike one or two more times to crash currencies, but if the economic data come in very weak, then they will be forced to abandon their hiking plan. Like a boxer who continues swinging for a knock out, but he might burst in his pants if he doesn’t stop to go to the toilet. So instant reaction is USD is down, and US yields are down, notice how both are breaking down form their channels, so this could be a big deal if both USD and US yields break down from their uptrend here. On Wed we get Services PMI and then on Friday we get the important NFP Payroll jobs number, if they both also come in weak then it should FORCE the fed to pivot and consider cutting earlier than they intended. Stock indexes and $BTC jumped up on this as a weak economy can bring rate cuts earlier…. However notice all 3 stock indexes have slipped back down now, they are also a bit worried about the weak economy and possibility of a recession if Fed keeps holding rates high. Data this week is likely quite important, let’s see what they show about US economy? #stock

For the folks who are investing in $BTC or Gold/Silver for the longer term, essentially you belive the USD will be in trouble. If the US Dollar is absolutely fine, then why would people switch to $BTC or Gold???.... One MAJOR argument for US Dollar to stay dominant in the world for next 20-30 years and maybe forever is this: If USD goes down, what will replace it? The Chinese Yuan? the Euro?.... This is the main argument of a lot of 🍆heads on Wall St. And also asked me this as well when I spoke to him a number of times over last 3 years. The 🍆heads on Wall St, all their wealth is tied to US and its financial system, so they will say any shit to protect the USD and the current financial system. Like that Larry Fink, he said publicly many times Bitcoin is a "Rolodex of international crime and money laundering", and Trump many times called $BTC "a scam against the US Dollar." Then they suddenly flip and say BTC and crypto is great and it "transcends any currency".😂 Ok, the Clown show aside, I've found the answer to people like my Dad. I can answer their question of What will replace the USD if it goes down? Well, you know that USD has only bee dominant in world trade for 80 years or so... the World was trading A LOT even before USD. Before USD, they used British Pound, and before that they used Spanish Crown and Dutch Cronos... and BEFORE all that European currency they were using Silver (or Gold) or they would barter (exchanging goods for other goods). You do realise the Silk Road existed long before the USD, it is the main trade route where China exported all its SILK to Arabic and European countries, and hence it is famously called the Silk Road in ancient times.#stock

Why is crypto tanking? One obvious reason is the US dollar is rallying last few weeks, it’s now near 106. Older members should know by now that when USD is rallying hard, then Crypto goes into a big pull back or even bear market. And USD is rallying not because US yields are rallying, in fact US yields are down a lot. US dollar is rallying because Euro is dumping. Euro the currency is dumping for 2 reasons, one because of the French elections shocked the market, a Far-right takeover is scaring a lot of big money, some of them are preparing to leave the EU. We can see on the Euro chart, it really dumped hard last week when the election shock was reported. And also, Euro is down due to ECB has started cutting rates, so market expects ECB to cut more whilst Fed is DELAYING rate cut, so lower yields in Europe means a stronger dollar. The Euro is like 60% of the USD Index (DXY) so Euro goes down, and USD is thus up. When USA is rallying like this, it’s very difficult for $BTC or crypto to make a big rally as we’ve seen from the past. Also, the crypto market has been disappointed by the Fed delaying rate cuts again and again…. Not only the crypto market, it seems NASDAQ has finally realised this as well, for the weekly chart, we just saw a big topping tail on NASDAQ chart, so it looks like we are likely to get 2-4 weeks of pull back or at least sideways chop on NASDAQ here.For NASDAQ some of this is caused by NVDA pull back, if folks search my message I had 142 as target for NVDA it came pretty close to the target, in fact I think 142 was actually hit during Pre-market trading on Thursday. Now it looks like NVDA is on a pull back, if so, then major support is at 112.5 area, since that is top of the rising channel. #stock

Did MicroStrategy Make $900 Million by Buying 6,067 Bitcoin? 💰

#MicroStrategy , founded by Michael Saylor, gained $900 million as they bought 6,067 Bitcoin in the third quarter, capitalizing on a price drop. The move was spurred by optimism around potential approval of spot Bitcoin ETF.

Despite a 3% year-on-year revenue increase to $129.5 million, the firm recorded a net #loss of $143.4 million due to digital asset impairment losses and income taxes.

MicroStrategy remains committed to its Bitcoin strategy and also sees growth potential in its business analytics products, with its #stock price increasing by 2.7% in after-hours trading.

#Binance
#crypto2023

Why did Europe cut rates? This is HISTORIC because Europe always follows US and does not cut BEFORE US Fed does! Even though inflation is actually forecast to RISE in next 12 months in Europe to be above 3% or more, ECB still cut rates, because it is becoming desperate, it has to! The growth in EU economies is slowing down a lot, and also what NOBODY talks about is ECB cut early this time is because Southern Europe is in a lot of debt! They call it the PIGS nations, I did not make up the name, the European media did. There is so much debt from them and they can’t stand this 4% interest repayments. But you notice Northern Europe, such as Denmark has very low debt…. So deciding interest rates for Europe is a messy decision because North and South Europe are in very different situations. This is why I think the European Union experiment will end in a few years, and EU will no longer exist as a group. Led by the Far Right, Europe will bow out of NATO (that is literally their policy from Le Penn). And also the rise of Anti-semitism is obviously here, what do you think the far-right stands for?… Anyways, I predicted a lot of this before in the discord. Now members might understand why I talk about this, and how this all impacts gold and Bitcoin etc. Nobody in the media is saying the real reason for ECB to cut rates is due to the huge debt burden of SOuthern Europe, I am probably the only one who is saying this,
#stock

$1.1 Trillion Wiped Out: US Stock Market’s Worst Day Since 2022!

The US stock market experienced a significant downturn, marking its worst one-day performance since late 2022.

Key Indices:
➡️ S&P 500: Fell by 2.3%
➡️ Nasdaq Composite: Dropped by 3.64%
➡️ Dow Jones Industrial Average: Closed below 40,000 points for the first time in two weeks

Major Contributors:
➡️ Alphabet: Shares dropped by 5% due to lower-than-expected YouTube advertising revenue
➡️ Tesla: Shares plummeted by 12.3%, the largest one-day drop since 2020, due to lackluster earnings

Impact:
Over $1.1 trillion was erased from the US stock market's value in a single day.

#ETH #BTC #Stockmarket #stock #google