Topic: #markets
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US-Iran agreement stabilizes gold and crypto markets
A tentative US-Iran agreement struck May 28 requires Iran to clear mines from the Strait of Hormuz within 30 days. Gold has stabilized near $4,700 per ounce and Bitcoin sentiment has steadied, though traders remain cautious about durability.
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UBS: Family offices cut US exposure as trade war fears mount
UBS's 2025 Global Family Office Report shows wealthy families are reducing US portfolio allocations amid trade tensions and geopolitical uncertainty, with roughly 80% of assets still concentrated in North America and Western Europe.
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Ether slides below $2,000 as futures open interest hits record 16.39M tokens
Ethereum dropped below $2,000 for the first time since late March amid heavy selling pressure, while futures open interest surged to a record high of 16.39 million tokens ($32.5 billion notional value). The divergence signals aggressive net shorting and growing skepticism about ETH's value proposition.
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Bitcoin longs defend $70K support as spot ETF outflows hit $1.5B
Bitcoin traders opened long positions to hold support near $70,000 while spot ETF outflows exceeded $1.5 billion over seven days. Analysts warn that negative Coinbase premium signals caution ahead of inflation data.
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US strikes Iran: Bitcoin plunges below $80K amid geopolitical tensions
US military strikes on Iranian targets in early May triggered a sharp selloff in cryptocurrency markets, with Bitcoin dropping below $80,000 and roughly $300 million in crypto futures liquidated as traders fled risk amid escalating Middle East tensions.
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H100 GPU rental rates retreat after May spike, Bloomberg Terminal index shows
H100 rental prices pulled back 3% to 9% after hitting an all-time high on May 25, according to Ornn's Compute Price Index, now accessible on Bloomberg Terminal. The index marks a shift toward financialization of the GPU rental market.
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Bitcoin slides to $75,498 as golden cross setup emerges
Bitcoin slid to $75,498 in Asian trading Tuesday while Zcash fell 9%, even as global equities hit record highs. The largest cryptocurrency's 50-day and 200-day moving averages are on track to cross in coming weeks—a setup known as a golden cross that traders watch for directional signals.
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TeraWulf Stock Rises 9% on Kentucky AI Data Campus Acquisition
Bitcoin miner TeraWulf announced the acquisition of a 285-acre site in eastern Kentucky to build the Muskie Data Campus, expected to support over one gigawatt of AI data center capacity, sending shares up 9% to $24.78 on the day.
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Bitcoin ETFs see $1.4B outflows as Treasury yields hit 2025 highs
US spot Bitcoin ETFs experienced $1.4 billion in net outflows during the week ending May 25, as Treasury yields climbed to their highest levels since January 2025, signaling diminished prospects for Federal Reserve rate cuts.
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Bitcoin dips below $75K as liquidations near $1 billion
Bitcoin fell below $75,000 overnight for the first time in over a month, hitting $74,344 as crypto liquidations topped $917 million and Bitcoin ETFs shed over $1.25 billion this week.
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Bitcoin Falls to $74,305 as Spot ETFs See $2.26B Outflows
Bitcoin dropped to its lowest level since April 20 as U.S. spot bitcoin ETFs experienced $2.26 billion in redemptions over two weeks, with rising Treasury yields and capital rotation toward alternative assets weighing on demand.
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IREN Says AI's Real Bottleneck Is Infrastructure, Not Chips
IREN co-founder Daniel Roberts argues that power, land, cooling and data center construction—not GPU scarcity—are the real constraints throttling AI deployment. The company has secured 5 gigawatts of grid capacity and announced a $3.4 billion NVIDIA contract.
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Bitcoin Holds $76K–$78K Range as AI Tokens Surge on Altcoin Rotation
Bitcoin remains confined between $76,100 and $78,000 while NEAR and FET post double-digit gains amid sector rotation. Privacy coins sell off as derivatives signal subdued volatility conditions.
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Bitcoin implied volatility hits 7-month low amid institutional buying
Bitcoin's 30-day implied volatility index (BVIV) fell to 38%, its lowest in seven months, signaling trader expectations of calmer price action despite macro headwinds. Institutional buying from Strategy and systematic option sellers are dampening swings.
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XRP ETFs attract $42M inflows as Bitcoin, Ether funds face redemptions
XRP-linked funds pulled in $42 million in net inflows over the past week while Bitcoin and Ether products bled capital, signaling a possible rotation into alternative crypto exposure.
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Bitcoin holds $77,700 as analysts identify $75,000 support after liquidations
Bitcoin traded near $77,700 with little 24-hour movement as analysts point to $75,000–$77,000 as key support. A $200 million liquidation wave hit mostly leveraged short-term traders, not structural capitulation, according to HashKey Research.
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Mark Cuban Sells Most Bitcoin, Calls Crypto Disappointing
Billionaire Mark Cuban disclosed he's sold most of his Bitcoin holdings, citing disappointment with the asset's failure to serve as an effective hedge against currency devaluation as gold has outperformed it by a wide margin.
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Bumo Sarang Reports $33M Loss on Leveraged Ether ETF
Bumo Sarang, a South Korean funeral services company, disclosed an unrealized loss of approximately $33 million on a leveraged Ether ETF position, highlighting risks of amplified crypto-linked products in a market increasingly drawn to speculative trades.