Business

The moves priced into a single fear that a wider war will keep oil high and force the Federal Reserve to keep interest rates higher for longer. Minutes from the Fed’s June meeting show that a few policymakers saw an argument for raising interest rates before backing them. Gold fell because a higher-for-longer path lifts

Jurrien Timmer, Fidelity’s director of global macro, says bitcoin is drifting toward the lower edge of the model he’s used to track it for years. This model is the power law, which plots the entire price history of bitcoin on a logarithmic chart bounded by three curves – an upper resistance line, a middle trend

Two of Bitcoin’s most influential people came out against it on Saturday. Strategy founder Michael Saylor wrote that “there are 110 things more dangerous to Bitcoin than spam,” arguing that the proposal “turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions.” The precedent, he wrote, is the real

Ripple was close to shutting down rather than fighting the US Securities and Exchange Commission, CEO Brad Garlinghouse said, describing a decision he and co-founder Chris Larsen faced after the agency sued the company in 2020. Speaking at the University of Kansas School of Business earlier this week, Garlinghouse said the two were seriously considering

The muted response is the pattern now. When Iran first closed the Strait of Hormuz in early March, Brent crude jumped above $100 a barrel. barrel for the first time in four years and later peaked near $120, and bitcoin sold off sharply with each escalation. Part of it is timing. Oil, stocks and bonds