Dashboard
LoginSign Up

Financial News

Bitcoin Stuck Below $90,000 And ETF Buyers Are Staring At This Line In The Sand
benzinga70d ago

Bitcoin Stuck Below $90,000 And ETF Buyers Are Staring At This Line In The Sand

Bitcoin (CRYPTO: BTC) is oscillating around $90,000 as spot Bitcoin ETFs face heavy outflows, prompting speculation about a possible downward spiral. BTC Holds Firm Despite ETF StressCryptoQuant noted that $87,000 is close to the average cost basis for ETF investors at $86,600 and has become a critical psychological pivot.Holding above this price supports investor confidence and helps stabilize flows. A sustained move below it may risk accelerating redemptions as the remaining profit buffer disappears and breakeven turns into losses.Since peaking ...Full story available on Benzinga.com

#CRYPTO
Tether To Become "Gold Central Bank" In Post-Dollar World, CEO Ardoino Says
zerohedge70d ago

Tether To Become "Gold Central Bank" In Post-Dollar World, CEO Ardoino Says

Tether To Become "Gold Central Bank" In Post-Dollar World, CEO Ardoino Says Authored by Danny Park via TheBlock.co,Tether CEO Paolo Ardoino told Bloomberg that he expects the company to become one of the largest gold central banks in the world.The company plans to start trading its gold reserves for additional profit.Tether owns around 140 tons of gold, worth around $23 billion, stored in a nuclear bunker in Switzerland.Tether CEO Paolo Ardoino said the stablecoin giant is on track to become one of the largest gold central banks in the world and plans to actively trade its reserves, Bloomberg reported Tuesday.Ardoino told Bloomberg in an interview that he expects the company's role in the gold market to expand as geopolitical rivals to the U.S. will likely launch a gold-backed alternative to the dollar.The CEO previously said that gold is "logically a safer asset than any national currency."Ardoino reportedly said Tether intends to continue reinvesting its massive earnings into gold.The company is buying one or two tons of gold per week, and will maintain this pace for "definitely the next few months," he said.The stablecoin giant has amassed close to 140 tons of gold, held at a "James Bond-esque" nuclear bunker in Switzerland built during the Cold War.Bloomberg reported that this is the largest known gold reserve in the world outside of those held by central banks, ETFs, and commercial banks.“Tether maintains approximately 130 metric tons of physical gold, and the gold backing every XAUT token is held separately, making it eligible for physical delivery redemption,” a spokesperson for Tether told Cointelegraph.With the recent surge in gold and other metal prices, Tether's gold holdings are worth over $23.3 billion. As of today, gold's price stands at approximately $5,234 per troy ounce, continuing its strong rally.Entering the trading arenaMoving beyond simple reserves, Tether aims to take on banking giants JPMorgan and HSBC by entering the gold trading arena.“We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” Tether CEO Paolo Ardoino said.Ardoino told Bloomberg that Tether is currently assessing the market and potential trading strategies, with plans to actively trade its gold reserves to capture arbitrage opportunities.The company needs “the best trading floor for gold in the world” in order to continue buying bullion in the long term and to capitalize on potential market inefficiencies, Ardoino said, adding that it is still analyzing the market and potential trading strategies would be structured so the company “remains very long physical gold.”“Our goal is to have a steady, stable, long-term access to gold,” Ardoino said.Tether recently recruited two senior HSBC gold traders to spearhead its expansion into the bullion market.Tether has also aggressively expanded its equity portfolio, acquiring stakes in Canadian-listed firms like Elemental Altus Royalties and Gold Royalty Corp., as precious metals post their strongest rally since the 1970s.Tether's staple product, USDT, dominates the global stablecoin market, with over $186 billion in circulation, according to The Block's crypto price page.By backing USDT with U.S. dollars, the stablecoin’s success provides Tether with the capital to reinvest in assets like gold to capture further interest and profit.It also issues Tether Gold (XAUT), which holds over 50% share of the gold stablecoin market with a $2.62 billion market capitalization. Just earlier this week, Tether officially announced the launch of USAT — its U.S. dollar-pegged stablecoin that is available to U.S. customers, unlike USDT. This launch follows the appointment of Bo Hines to Tether's USAT team, bringing expertise and connections from his former role as the White House crypto policy advisor. Tyler DurdenWed, 01/28/2026 - 14:45

#CRYPTO
Growth Stock Portfolio: 12 Stock Picks By Cathie Wood
insidermonkey70d ago

Growth Stock Portfolio: 12 Stock Picks By Cathie Wood

In this article, we will discuss: Growth Stock Portfolio: 12 Stock Picks By Cathie Wood. After a severe 2022 decline, Cathie Wood’s flagship innovation fund witnessed a dramatic comeback through 2025, climbing 87.1% in the year ending in September 2025 and tripling over three years, according to a Forbes report on October 22, 2025. The [...]

#CRYPTO
google70d ago

Give Your Problems (and Passwords) to Moltbot, Then Watch It Go - WIRED

Give Your Problems (and Passwords) to Moltbot, Then Watch It Go WIREDMoltbot security alert exposed Clawdbot control panels risk credential leaks and account takeovers BitdefenderClawdbot has AI techies buzzing — and buying Mac Minis Business InsiderClawdbot is now Moltbot for reasons that should be obvious MashableUsers flock to open source Moltbot for always-on AI, despite major risks Ars Technica

#TECH
Foreign and Domestic Investors’ Transactions on NGX Drop to ₦908bn in August
theinfostride70d ago

Foreign and Domestic Investors’ Transactions on NGX Drop to ₦908bn in August

The Nigerian Exchange (NGX) experienced a notable decline in trading activity in August 2025, as combined foreign and domestic investors’ transactions dropped to ₦908 billion. This marks a slowdown in capital market activity compared to July, reflecting cautious investor sentiment amid macroeconomic pressures, global uncertainties, and profit-taking strategies. According to market data, both foreign portfolio [...]Source from InfoStride News

#ECONOMY
The best running vests for staying warm during 2026, tried and tested
cnn70d ago

The best running vests for staying warm during 2026, tried and tested

The Brooks Run Visible Insulated Vest 2.0 keeps things streamlined, warm and functional. The added color and reflective details make it smart for winter running, when morning and evening runs are still dark. With functional pockets, a fairly reasonable price point and both men’s and women’s sizing, this vest was the most versatile in our testing pool.

#TECH
Nigeria Achieves 96% of OPEC Oil Production Quota in August
theinfostride70d ago

Nigeria Achieves 96% of OPEC Oil Production Quota in August

Nigeria’s crude oil production reached a major milestone in August 2025, as the country achieved 96 percent of its Organization of Petroleum Exporting Countries (OPEC) production quota. This marks one of the strongest outputs in recent months and highlights the government’s ongoing efforts to stabilize production, curb theft, and restore confidence in the oil sector. [...]Source from InfoStride News

#ECONOMY