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WASHINGTON, DC – Fixed income markets view it as unlikely that the Federal Open Market Committee … More will cut interest rates at the conclusion of their next meeting on May 7. (Photo by Anna Moneymaker/Getty Images)Getty Images The Federal Open Market Committee is not expected to adjust short-term interest rates on May 7. Fixed income markets project that a cut in interest rates is unlikely, expecting rates to remain at the current 4.25% to 4.5% range according to the CME FedWatch Tool. Similarly, projection markets Kalshi and Polymarket give roughly a 9 in 10 chance that rates are held…

Metaplanet has announced the acquisition of an additional 330 BTC, increasing its total holdings to 4,855 BTC. This latest purchase, valued at approximately $28.2 million, marks the company’s third Bitcoin acquisition this month, despite ongoing uncertainties in the cryptocurrency market linked to recent U.S. tariff measures. The purchase was made at an average price of 12.18 million Japanese yen, or $85,605 per Bitcoin. This strategic move comes as Bitcoin experiences a rally, surpassing $87,000 for the first time since April 2, with the crypto trading at $87,279 at the time of publication. Bitcoin’s price has risen by 2.5% in the…

Bitcoin’s price crossed the $87,000 threshold on Sunday, marking the first time it has reached this level since April 2. The world’s largest cryptocurrency is currently trading at approximately $87,325, reflecting a 2.4% increase in the past 24 hours. Analysts attribute this rally to a resurgence in institutional interest, particularly highlighted by the recent acquisition of 3,459 BTC by Strategy, formerly known as MicroStrategy. Despite reporting unrealized losses of $5.91 billion on its BTC holdings in the first quarter, Strategy’s actions suggest a renewed commitment to Bitcoin amid market uncertainty. Dominick John, an analyst at Kronos Research, noted that the…

JEDDAH: Oscar Piastri won the Saudi Arabian Grand Prix on Sunday to seize the lead in the Formula One world championship from McLaren team-mate Lando Norris with his third win. Red Bull’s four-times champion Max Verstappen was, 2.843 seconds behind the Australian, after starting from pole at Jeddah’s Corniche circuit but collecting a five-second penalty for a first corner clash with Piastri. Charles Leclerc was third for Ferrari’s first podium of the campaign and Norris clawed his way from 10th on the grid to fourth. Win made Piastri, triumphant in Bahrain last weekend and China last month, the first Australian…

SYLHET: Zimbabwe finished the first day of the first Test in a commanding position at 67-0 after an inspired bowling performance dismissed Bangladesh for 191 runs on Sunday. The visitors’ opening pair of Brian Bennett, unbeaten on 40 off 37 balls, and Ben Curran (17) took the attack to Bangladesh’s bowlers in the 14.1 overs they faced before bad light stopped play. Bangladesh skipper Najmul Hossain Shanto, who scored 40, earlier won the toss and opted to bat first on a pace-friendly wicket. But his batters failed to capitalise on the decision and none of them, including top-scorer Mominul Haque…

(Bloomberg) — Bitcoin (BTC-USD) rallied to its highest level since Donald Trump’s “Liberation Day” tariff announcements as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell. Most Read from Bloomberg The largest cryptocurrency by market value jumped about 3% to top $87,600 on Monday morning in Singapore, according to data compiled by Bloomberg. That erased most of the losses sustained since Trump’s April 2 reciprocal tariff announcement, which plunged global markets into turmoil. CCC – CoinMarketCap • USD As of 8:44:00 AM UTC. Market Open.   The rebound comes as the…

KARACHI: Even with arguably a bigger crowd to back them here at the National Bank Stadium, Karachi Kings were a picture of disappointment on Sunday night. Islamabad United, in contrast, embodied consistency. The title holders were clinical as they thrashed the hosts by six wickets with 17 balls to spare — their fourth win in as many games of this HBL Pakistan Super League season. The Kings, meanwhile, are proving to be mercurial this year, continuing their pattern of winning a game before losing one. On what seemed to be a difficult batting wicket, Kings posted a paltry 128-7 before…

DERA ISMAIL KHAN: Cultural and recreational event ‘Derajat Festival 2025’ came to a vibrant close with a spectacular ceremony held at Ratta Kulachi Sports Stadium here on Sunday. Chief Minister Ali Amin Khan Gandapur attended the event as the chief guest. The closing ceremony featured the distribution of awards among participants, who showcased exceptional performances in events such as off-road jeep challenges and various other competitions. The 40-day festival included a variety of traditional and modern sports such as jeep racing, tent pegging, horse riding, boxing, kabaddi and wrestling. The festival also hosted livestock shows, horse parades, pet exhibitions, art…

Bitcoin (BTC) outshined the otherwise volatile alternative cryptocurrencies early Monday as the dollar index crashed to a three-year low on reports that President Donald Trump is exploring ways to remove the Federal Reserve Chairman Jerome Powell. BTC rose over 2% to $87,200, hitting the highest since April 2, according to data source CoinDesk. The move marked a bullish resolution to the recent consolidation between $83,000 and $87,000. Major alternative cryptocurrencies such as payments-focused XRP, Ethereum’s ether and Cardano’s ADA rose over 1% each, lagging BTC. In FX markets, hedge funds sold the U.S. dollar against major currencies, including euro, yen…

KARACHI: Even with arguably a bigger crowd to back them here at the National Bank Stadium, Karachi Kings were a picture of disappointment on Sunday night. Islamabad United, in contrast, embodied consistency. The title holders were clinical as they thrashed the hosts by six wickets with 17 balls to spare — their fourth win in as many games of this HBL Pakistan Super League season. The Kings, meanwhile, are proving to be mercurial this year, continuing their pattern of winning a game before losing one. On what seemed to be a difficult batting wicket, Kings posted a paltry 128-7 before…