Jefferies wouldn’t buy the dip as Open USD heats up stablecoin race

“Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation,” he wrote. Test for the consortium model That skepticism is shared by Lorenzo Valente, director of digital asset research at ARK Invest, who noted that crypto has seen…

Rio Tinto, Mongolia government reach new financial terms for Oyu Tolgoi mine project (RIO:NYSE)

Paula Bronstein/Getty Images News Rio Tinto (RIO) said late Tuesday it reached new financial terms with the Mongolian government for the $18B Oyu Tolgoi copper mining project, following months of negotiation over the country’s single biggest mining project and foreign investment. The company said Source link

Cantor says crypto market near bottom as bitcoin (BTC) cycle points to October low

Crypto markets have struggled in recent months, with bitcoin falling more than 50% from its late-2025 peak after a sharp June selloff driven by persistent exchange-traded fund (ETF) outflows, elevated interest rates and weaker risk appetite. Ether (ETH) and most major altcoins have underperformed bitcoin during the downturn, although a…

Bitcoin (BTC) climbs toward $60,000 level after Fed Chair Warsh said inflation risks has come down

Bitcoin BTC$59,642.58 climbed back toward the $60,000 level on Wednesday after Federal Reserve Chair Kevin Warsh said inflation risks had eased while reaffirming the central bank’s commitment to returning inflation to its 2% target. Warsh declined to provide guidance on the Federal Reserve’s next interest-rate decision, saying policymakers would debate…

Crude inventory falls by 3.8M barrels for the week ended June 26 – EIA (CL1:COM:Commodity)

Jul 01, 2026, 10:30 AM ETCrude Oil Futures (CL1:COM), USO, BNO, UCO, SCO, USL, DBO, DRIP, GUSH, USOI, XLEBy: Preeti Singh, SA News Editor imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended June 26: 408.4M barrels. Crude inventory change: -3.8M…

A new nonprofit launches with a focus on Wall Street and institutional adoption

A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem. The organization is led by David Walsh, Marius Smith and Matthew Dawson. Walsh previously led the Ethereum Foundation’s enterprise efforts, while the organization said its leadership…

Micron secures long-term agreement with GM as SCAs become broader revenue strategy

Artistic Operations/iStock Editorial via Getty Images Micron Technology (MU) has secured a long-term Strategic Customer Agreement with General Motors (GM) to supply the U.S. automaker with memory and storage platforms necessary for vehicle production, the companies announced today. It stands as one of 16 such Strategic Source link

Bitcoin (BTC) opens the third quarter in a red zone that precedes bear markets

The seasonal pattern normally runs the other way. Across bitcoin’s full record, the fourth quarter has been its strongest by a wide margin, averaging a 77% gain with a median near 48%, the stretch that has repeatedly salvaged mediocre years. The third quarter is the opposite, the weakest quarter on…