... growth amid ongoing inflation risks, this signals a potential rate hike at the next meeting. Conversely, softened rhetoric and emphasis on slowing inflation could be interpreted as dovish, suggesting a prolonged pause or even a rate cut. The Australian dollar typically reacts sensitively to such nuances: firmer language supports the AUD, while softer language exerts pressure on it. Today's protocol indicated that the regulator is concerned about the gap between low unemployment and still high inflation ...

... crucial component of economic confidence. New Home Sales (15:00 GMT): An indicator of the housing market's resilience amid prevailing interest rates. Canada: Producer Price Index (PPI) (13:30 GMT): Changes in industrial prices can impact the Canadian dollar and commodity markets. Corporate Earnings Reports Alibaba Group (BABA): The quarterly earnings report will shed light on trends in the Chinese e-commerce sector, potentially influencing global tech market sentiment. PetroChina (PTR): As a major ...

... broad launch of such products in 2025. For traditional banks, this represents a pivotal moment that signals the integration of Bitcoin into the realm of classic asset management. Collectively, these institutional players manage assets worth trillions of dollars, so even a symbolic 1% portfolio reallocation toward Bitcoin via ETFs could inject tens of billions of dollars in new capital into the cryptocurrency market. The inclusion of Bitcoin ETFs in these banks' product line effectively acknowledges Bitcoin ...

... confidently reviving after a prolonged lull and continues to gain momentum. In Asia, a new wave of IPOs has been initiated by Hong Kong: in recent weeks, several large technology companies have successfully gone public, collectively raising multi-billion dollar sums. For example, Chinese battery manufacturer CATL attracted around $5.2 billion, while pharmaceutical giant Hengrui and food holding Haitian each raised approximately $1.3 billion. These high-profile debuts have shown that investors in the region ...

... an extended period of record high workloads. Impact on Miner Profitability and the Hashprice Metric The difficulty adjustment directly affects mining profitability. The metric known in the industry as hashprice (or the “hash price” – revenue in dollars per unit of hash rate, such as per 1 PH/s per day) was under significant pressure leading up to the recalibration. By the end of April, hashprice had dropped to approximately $40 per 1 PH/s per day – the lowest level since mid-September 2024....