Bitmine (BMNR), the largest Ethereum treasury firm, bought 101,745 ether (ETH) last week as Chairman Thomas Lee said a new “crypto spring” is underway, even as market sentiment remains subdued. The purchase lifted the firm’s holdings to over 5.18 million ETH, roughly 4.29% of the token’s outstanding supply, according to a Monday update. Bitmine’s total…
London: Brent oil futures prices jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, Opec‘s fourth-largest producer with output of 3.2 million barrels per day.“The immediate concern … is the collateral damage done if Iran takes a swing at its neighbours or possibly even more…
The current state of financial markets is best described as macro-geopolitics first, crypto second. The evidence is clear. Despite recent positive regulatory developments related to the Clarity Act, bitcoin BTC$77,321.59 has shown little excitement, trading near $77,200 – largely unchanged over the past 24 hours and for the week. Meanwhile, oil remains elevated near $100…
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India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May, according to a Goldman Sachs report. In its “Global Steel: The Steel Market Barometer – May Update”, Goldman Sachs said average hot rolled coil (HRC) prices increased across nearly all major markets in…
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Ethereum’s ether ETH$3,171.33 fell sharply from Thursday to Friday, plunging over 10% from peak to trough a broad-market crypto selloff accelerated with bitcoin breaking below the $100,000 level. The second largest cryptocurrency tumbled from $3,565 earlier on Thursday to $3,060 by early Friday, erasing all of past week’s rebound. It recently stabilized just below $3,200,…
PM Modi with Russia President Vladirmir Putin. NEW DELHI: Prime Minister Narendra Modi on Tuesday expressed concern over reports that the residence of Russian President Vladimir Putin had been targeted and called for restraint and a renewed focus on diplomacy.In a post on X, PM Modi said he was ‘deeply concerned’ by the reports and…
