Bitcoin’s 4-year cycle may not be dead after all: Glassnode
Glassnode says Bitcoin's price action may still be following its four-year halving cycle. Since Bitcoin reached a new high of $124,128 on August 14, the asset has dropped 8.3% to $113,940 at the time of publication. Spot Bitcoin exchange-traded funds (ETFs) have posted outflows of about $975 million over the past four trading days.
Bitcoin fell to $112,350 on Wednesday, a 10% from its August peak of $124,000. The Bitcoin Fear & Greed Index dropped to 44, its lowest level in two months. It has since recovered to $114,500 on Thursday. Total market capitalization has recovered to reach $3.96 trillion following a 2% gain over the past 24 hours. Investors are awaiting Jerome Powell's …
UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
UAE's gold reserves increased by nearly 25.9% during the first five months of the year. The value of gold held by the country increased to AED 28.933 billion (US$7.88 billion) at the end of May. Demand deposits also grew, exceeding AED 1.166 trillion (US $320 billion)
According to Citi Global Markets, investors are positioned for a 0.8-percentage-point move in the S&P 500 on Friday depending on what the Fed chair, Jerome H. Powell, says in his speech at the central bank’s annual conference at Jackson Hole. Next Thursday, the first chance investors have to react to Nvidia's earnings, prices imply a move of 0.9 percentage points …
Trump’s World Liberty mints 9% of USD1 supply after Waller speech
The Trump family’s decentralized finance project, World Liberty Financial, minted $205 million worth of its stablecoin, USD1, for its treasury. The mint came hours after a speech by Federal Reserve Governor Christopher Waller praising stablecoins. The stablecoin is now World Liberty's largest crypto holding at $212 million and 39% of its total portfolio.
DBS launched its crypto-linked structured notes on Sept. 17, 2024, along with crypto options trading. The bank's clients executed more than $1 billion in trades in the first half of 2025, up nearly 60% from the first to the second quarter. The notes will only be offered to accredited and institutional investors. They will be issued on the Ethereum blockchain.