The discovery of the body of a 26-year-old former Open AI researcher-turned-whistleblower in a San Francisco apartment has sent shockwaves with many including the likes of Elon Musk reacting to the news. Suchir Balaji, an Indian-American former Open AI researcher, was found dead at his San Francisco based apartment on November 26. His identity was … Read more
Chair Jerome Powell’s post-meeting remarks and the updated economic projections will be critical. If the Fed signals only a modest number of rate cuts in 2025, gold’s appeal could face headwinds due to the higher opportunity cost of holding the non-yielding asset. Conversely, indications of a dovish stance, with multiple cuts forecasted, could reignite bullish … Read more
The NFT market has experienced a significant boost in sales over the past 7 days with the total trading volume surpassing $224 million. The spike in NFT sales has come as leading crypto assets display mixed trends with BTC reclaiming the $100,000 mark but ETH facing pullback from its $4,000 peak. CrtyptoSlam data shows that … Read more
US Dollar Index climbs 1.1% this week as Fed signals slower rate cuts. Gold dips 0.4%, while euro and yen struggle against rising dollar strength.
MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder, is set to join the Nasdaq-100 Index, marking a historic milestone. This inclusion, effective December 23, positions MicroStrategy as the first Bitcoin-centric company to join one of the most prestigious stock indexes, which features giants like Apple, Microsoft, Tesla, and Amazon. According to the Nasdaq press release, … Read more
The gold market rallied significantly during the course of the week, and then only fell apart at this point in time. The market ended up forming a bit of a shotting star, and this suggests that we are in the midst of a noisy area that suggests we need to
A dormant PEPE whale holding 2.1 trillion tokens has made headlines after transferring their entire stash, valued at an astonishing $52 million, to a new address on December 10. As Lookonchain reported, this incredible fortune began with a mere investment of 0.0135 ETH (around $27) nearly 600 days ago, resulting in an extraordinary 1,900,000x return … Read more
Gold markets continue to pull back after the recent rally.
Bitcoin took center stage on a global level when it crossed the $100,000 milestone, sparking international discussions about incorporating it into national treasuries. The U.S. is now joining the conversation, with states like Texas and Pennsylvania leading the charge by introducing Strategic Bitcoin Reserve legislation. This move comes as newly re-elected President Trump explores adding Bitcoin … Read more
The crude oil markets rallied a bit in the early part of Friday, as we continue to see a lot of pressure building in the markets that I follow here at the FX Empire. Because of this, the market is one I am watching very closely.
