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Bitcoin (BTC) is fast closing on the $100,000 mark as U.S. President Donald Trump teased a major trade deal, with reports suggesting it could be with the U.K. The upswing in prices is consistent with the cryptocurrency’s broader bullish technical setup and buoyant risk sentiment in traditional markets. As of this writing, the Asian stocks traded higher, with the futures tied to the S&P 500 up by 0.6%. Still, a couple of factors suggest the $100,000 breakout may not be a smooth ride. Firstly, as per the Wall Street Journal, the big trade deal that Trump teased on Truth Social…

Arthur Hayes has a message for crypto investors and bitcoin (BTC) HODLers obsessing over Federal Reserve policy as the U.S. and China inch toward a trade deal: You’re watching the wrong institution. “The real show is at the Treasury Department. Ignore the Fed. It doesn’t matter,” Hayes told CoinDesk in a recent interview. “Powell didn’t matter in 2022 under a Democratic regime, and he doesn’t matter now under a Republican one.” For Hayes, the Federal Reserve has become a sideshow. The real monetary lever-pulling, he argues, is happening under Treasury Secretary Scott Bessent, who is quietly reshaping global liquidity with…

After an early-year slide, Bitcoin has reversed direction is now close to regaining its $100,000 price level. Many investors are beginning to view Bitcoin as a safe haven and potential hedge against global uncertainty. If the trade battle escalates in 2025, it could gain momentum as a potential reserve currency for the global financial system. 10 stocks we like better than Bitcoin › There’s no denying that new global tariffs have turned the crypto market upside down in 2025. Just take a look at the top 50 cryptocurrencies as ranked by market cap; only a small handful of them are…

NEW DELHI: India captain Rohit Sharma on Wednesday announced his retirement from Test cricket ahead of the team’s tour of England starting next month, but will continue to play the shorter 50-over format. In 67 Tests, Rohit scored 4,301 runs including 12 centuries with a best of 212 against South Africa in 2019 and an average of over 40. He captained India in 24 Tests with 12 wins, nine defeats and three draws. “Hello everyone I would just like to share that I am retiring from Test cricket,” the 38-year-old Rohit wrote on Instagram. “It’s been an absolute honour to…

RAWALPINDI: Def­ending champions Islam­abad United’s downward spiral in their ongoing HBL Pakistan Super League campaign continued on Wednesday as Quetta Gladiators subjected them to a 109-run rout. Gladiators, riding on blistering centuries by Rilee Rossouw and Hasan Nawaz, posted a mammoth 263-3 — the highest score ever in a PSL match — before United were bundled out for 154. It was United’s fourth defeat in a row after they had gone on to win the first five matches this season. Gladiators, who had already qualified for the playoffs, strengthened their claim as the favourites to take the title. They had…

Strive Asset Management has just announced its merger with Asset Entities, creating the first publicly traded Bitcoin treasury company. The newly combined entity will operate under the Strive’s name and will oversee $2 billion of assets. It will also become a NASDAQ-listed company. The agreement will allow the merged company to carry out aggressive purchases of Bitcoin through new financial products, similar to BlackRock and Grayscale. Strive Enterprises was co-founded in 2022 by Vivek Ramaswamy and Anson Frericks. The new firm will be led by Strive CEO Matt Cole, who previously managed a $70 billion fixed income portfolio. Under Cole’s leadership,…

KARACHI: The foreign players participating in the HBL Pakistan Super League (PSL) will continue their stay in the country despite the ongoing military stand-off between Pakistan and India, an official of the country’s cricket board has said. India launched a devious attack on Pakistan late on Tuesday night before the latter’s retaliation escalated the situation. But while things got serious along the border, the foreign players had a meeting with the PSL leadership. “The foreign players met PSL chief Salman Naseer at a dinner last night and they had a ‘gup shup’ [informal chat],” Pakistan Cricket Board (PCB) spokesperson Amir…

David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and an additional $100 million in convertible debt to fund a small publicly traded firm to buy bitcoin. The company—whose name is not known yet—will merge with BTC Inc. and be named “Nakamoto” after bitcoin creator Satoshi Nakamoto, according to the people. The deal could be…

The Federal Reserve is growing increasingly alert to stagflation risks—an uneasy mix of slowing growth and rising inflation that could challenge policymakers. While Chair Jerome Powell insisted that the economy is in “good shape” and emphasized that the central bank is in “a good position to wait and see,” prior to shifting policy, subtle changes in the central bank’s policy statement pointed to heightened concerns over the economy’s direction. Holding its benchmark interest rate steady today, the U.S. central bank acknowledged the growing risk of rising inflation and unemployment — roughly the definition of stagflation, which last made an appearance…

The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers’ behest — buy and sell crypto assets in custody. The newly explained policy stance released by the OCC on Wednesday also clarified that the bankers can outsource crypto activities to third parties, including custody and executive services. As long as it all still checks the boxes of the watchdog’s safety-and-soundness requirements, the OCC is giving the banks more crypto freedom. This week’s move follows…