Financial News

Lawmakers seek to boost CFTC budget to take on crypto oversight

Senate Agriculture Chairman John Boozman, R-Ark., wants to increase the CFTC budget by $150 million. (Bill Clark/CQ Roll Call file photo)

Gold and Silver Soar on ’Peak Confusion’

Market Analysis by covering: Gold Spot US Dollar, Silver Spot US Dollar, US Dollar Index Futures, Gold Futures. Read 's Market Analysis on Investing.com

Congress MLA Veerendra Puppy, associates laundered Rs 2,300 crore, says ED chargesheet

The ED case is based on complaint by a marketing executive, who had reportedly lost Rs 30,000 through online gambling, against betting app Betin Exchange, the payment gateway Fonepaisa, and two other private firms.

Rupee Slips 7 Paise To 90.96 Against Dollar In Early Trade On Rising Oil, Stronger Dollar & Weak Equities

The Indian rupee depreciated 7 paise to 90.96 against the US dollar in early Tuesday trade, pressured by higher global crude oil prices (Brent at 72.10 dollars per barrel), a stronger dollar index (up 0.11 percent to 97.81), and a weak start to domestic equities (Sensex down 525 pts). FII inflows of Rs 3,483 crore offered some support, with RBI likely intervening to cap it near 91.00 levels.

THIS DAY IN ROCK HISTORY – FEBRUARY 24 – NEWHD Radio

Don't waste time scrolling: 7 top new movies to stream this week on Prime Video, Hulu and more (Feb. 24-March 2)

This week's top new movies see streamers beyond Netflix taking the spotlight, with Prime Video and Hulu releasing multiple fresh films.

U.S. News & World Report Identifies Top-Performing U.S. Home Health Agencies

More than 1,300 agencies recognized in Best Home Health debut. WASHINGTON, Feb. 24, 2026 /PRNewswire/ -- U.S. News & World Report, the global authority in health care rankings and consumer advice, today released its first-ever ratings for Best Home Health. This new evaluation provides a...

The Saylor Discount: Why Bitcoin Trading Below Strategy’s Realized Price is a Gift for Late-Cycle Allocators

Bitcoin continues to struggle below the $65,000 level as persistent selling pressure weighs on market sentiment. Price action has remained fragile in recent weeks, with volatility elevated and traders showing limited conviction amid tightening liquidity conditions and broader macro uncertainty. While intermittent rebounds have occurred, they have so far failed to establish sustained upside momentum, leaving Bitcoin locked in a cautious consolidation phase below a key psychological threshold. Related Reading: XRP’s Brutal Supply Compression Signals A Repeat Of The 2024 Expansion A recent CryptoQuant report highlights a notable structural development involving StrategyB, formerly known as MicroStrategy. It has now been more than six years since the company began its Bitcoin accumulation strategy, targeting roughly 5% of the asset’s total supply. The initiative, driven by CEO Michael Saylor — one of Bitcoin’s most vocal long-term advocates — reflects a conviction that BTC could eventually surpass the $1 million mark over time. To pursue this objective, StrategyB has executed what many consider the largest dollar-cost averaging program in Bitcoin’s history, notably without selling any BTC since inception. Annual investment figures illustrate the scale of this effort: $1.1 billion in 2020, $2.57 billion in 2021, $276 million in 2022, $1.9 billion in 2023, $21.9 billion in 2024, $22.4 billion in 2025, and $4.1 billion so far in 2026. StrategyB’s Aggressive Bitcoin Accumulation And Market Implications According to the report, 2025 marked a record year for StrategyB in terms of capital deployed, with more than $22.4 billion invested into Bitcoin accumulation. The data suggests that 2026 is currently following a comparable trajectory. If this pace continues, the firm could surpass last year’s record, further consolidating its position as one of the largest institutional holders of BTC. At present, Bitcoin is trading below StrategyB’s estimated realized price, which sits near $76,000. This metric reflects the company’s average acquisition cost across its holdings. StrategyB reportedly holds approximately 717,131 BTC, equivalent to around 3.4% of Bitcoin’s circulating supply. Such concentration highlights the scale of institutional participation now embedded in the market structure. However, the interpretation of this data requires caution. Trading below a large holder’s realized price does not automatically imply undervaluation; realized price is a cost-basis metric, not a valuation model. Market conditions, liquidity flows, and macroeconomic variables remain dominant drivers of price direction. Still, the broader takeaway is notable: even major institutional participants often rely on relatively simple accumulation strategies such as dollar-cost averaging. Whether that approach proves optimal in current conditions depends on individual risk tolerance, time horizon, and broader market context. Related Reading: The Great Bitcoin Handover: $8.2 Billion BTC Swamps Binance As Retail Momentum Fades Weekly Breakdown Below Key Moving Averages Signals Structural Weakness Bitcoin’s weekly structure has deteriorated materially over the past several sessions. After failing to sustain acceptance above the $90,000–$100,000 region, price rolled over and has now retraced toward the mid-$60,000 area. The latest weekly close near $66,000 places BTC decisively below the 50-week and 100-week moving averages, both of which are beginning to slope downward. This shift in positioning is technically significant. During the 2024–2025 advance, these moving averages acted as dynamic support, consistently absorbing pullbacks and reinforcing trend continuation. Their loss now converts them into overhead resistance, limiting upside unless reclaimed with strong volume confirmation. Related Reading: Ethereum Breaks Fhe Final Whale Floor In A 2018-Style Capitulation: What To Expect The 200-week moving average, currently tracking near the mid-$50,000 zone, remains the last major structural support on this timeframe. Historically, sustained closes below the 50-week average following a cycle peak have signaled prolonged corrective phases rather than shallow consolidations. Volume has expanded during the recent breakdown, suggesting distribution rather than simple low-liquidity drift. The sharp selloff from the $90,000 region to sub-$70,000 levels reflects decisive supply entering the market. For bulls to regain control, BTC would need to reclaim the $75,000–$80,000 range and reestablish higher weekly highs. Until then, the weekly trend favors caution, with momentum tilted toward continued consolidation or further downside exploration. Featured image from ChatGPT, chart from TradingView.com

HFCL Joins IIT Delhi-Led Consortium To Develop Hollow-Core Fiber Tech

(MENAFN - AsiaNet News) HFCL Limited has joined a research consortium led by the Indian Institute of Technology, Delhi (IIT Delhi) to develop hollow-core fiber (HCF) technology. Strategic ...

Reliance Jio Plans: Super Savers Under Rs 155 With Daily Data & Unlimited Calls

(MENAFN - AsiaNet News) Looking for cheap Jio plans? We've listed three awesome plans under ?155 for you. These are perfect for anyone who wants full benefits without spending too much.If you want ...

IBM Defends After 13% Anthropic-Fueled Stock Drop: 'New AI Tools Emerge Every Week,' Cobol Modernization Challenges Remain

(MENAFN - AsiaNet News) IBM says new AI tools do not address the 'fundamental engineering challenge of running mission-critical workloads at scale.' IBM charges clients to modernize their financial ...

MG Starlight 560 Hybrid SUV India Launch: Check Specs, Features, And Price

(MENAFN - AsiaNet News) JSW MG Motor India recently announced plans to launch new vehicles in the country, including a plug-in hybrid model. While the company has not officially revealed details ...