The current «cottage industry» has about $50 billion in assets under management, equivalent to about 4% of the current cryptocurrency market size, write analysts led by Gautam Chhugani. Currently, the total capitalization of the cryptocurrency market is $1.08 trillion. The capitalization study comes months after companies like BlackRock filed for a spot ETF with the…
The Financial Times writes that the World Trade Monitor study from the Bureau of Economic Analysis (CPB) of the Ministry of Economic Affairs and Climate Policy of the Netherlands showed that global trade volumes fell by a two-year maximum of 3.2% year on year in July 2023.The decline in turnover accelerated compared to 2.4% in…
Japanese Prime Minister Fumio Kishida announced the imminent launch of a new economic policy aimed primarily at supporting the population against the backdrop of continued rising prices. According to the head of the Japanese government, specific measures will be presented by the middle of next month. Kishida emphasized that the new economic policy will be…
The Broadcasting Board of Governors (BBG), an independent agency of the US Federal Government, expects that the Fed has finished raising rates. The Fed is projected to keep rates at current levels through June 2024 and begin cutting rates in July 2024. However, these forecasts do not yet have an impact on market participants. Experience…
What determines the price of gold? For much of the past decade, the answer has been simple: the price of money. The lower rates fell, the higher gold rose, and vice versa. Gold is the quintessential «anti-dollar», a target of interest for those who distrust fiat currency, and so it seemed natural that prices would…
Founder and managing partner of venture capital firm Morgan Creek, Anthony Pompliano, believes that if the spot BTC-ETF is approved, it will attract $300 billion to the market. Industry leaders and experts are weighing the implications of the U.S. Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin exchange-traded fund (ETF). Among the…
Rumors about the introduction of a protective export duty on petroleum products and a number of statements by officials have cooled the situation in the fuel sector. The cost of petroleum products has been declining for the second day in a row. To further curb the rise in prices for petroleum products, the government is…
Banks note increased demand for gold bars from the population. Some market participants even note their shortage in informal conversations. These are the ones that retail investors buy, seeing gold as a “safe haven.” However, the largest banks claim that they have enough bullion, and shortages may arise from small players who buy gold from…
The blockchain world has been rocked by rumors that one of the world’s largest investment management firms, BlackRock, has made a major investment in the cryptocurrency market. According to some sources, BlackRock has purchased a total of 12,200 Bitcoins, marking a significant step in institutional adoption of the leading cryptocurrency. As is often the case,…
October 1 marks the beginning of the new fiscal year in America. The White House faces a difficult task in reaching an agreement with Republicans in Congress to approve the budget. Many in this party do not agree with Biden’s policies and, as people say, “sharpen a grudge against him” and are waiting for the…
