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Central banks’ gold stash now at 12.1% – A level unseen since the 90s
Share link:In this post: Central banks now hold 12.1% of the world’s gold reserves, the highest since the 90s, with China, India, Turkey, and Poland leading purchases. Gold prices hit a record $2,772 per ounce this week, up 33% this year, and outperformed major stock markets since 2022. Political and economic shifts are pushing countries to rely less on the dollar, with rising demand for gold as a stable, “safe haven” asset.
Cryptopolitan·2024/10/27 12:44

US and Nigeria Collaborate to Combat Crypto Crime
HappyCoinNews·2024/10/27 08:22

XRP Holds Strong at $0.51 Support, Can Bulls Push the Price Higher?
Cryptonewsland·2024/10/27 07:44

Bitcoin ETF Inflows Near $1B This Week Alone as Investors Double Down
Cryptonewsland·2024/10/27 07:44

Analyzing Optimism’s Short-Term Target: Can OP Reach $1.96 Soon?
Cryptonewsland·2024/10/27 07:44

Solana’s Price Breaks Record Against Ethereum: Will ETH Reestablish Its Dominance?
Cryptonewsland·2024/10/27 07:44

These 3 Altcoins Will Explode in the 2025 Crypto Bull: LINK, SUI, NEAR
Cryptonewsland·2024/10/27 07:44

Here’s Why GOAT, NOT, and SCR are Trending This Weekend
Cryptonewsland·2024/10/27 07:44

Collins Capital: Crypto's future rise depends on the expansion of industry infrastructure
Ke Yin's layout and strategy in the blockchain industry
BlockBeats·2024/10/27 02:31

Top 3 Artificial Intelligence (AI) Coins of the Fourth Week of October 2024
BeInCrypto·2024/10/27 02:11
Flash
06:44
After reaching a new all-time high, the HYPE TWAP net buy volume has decreased, with the next 24-hour net buy volume at $3.91 million.BlockBeats News, May 31st, according to data from hl.eco, at noon today, HYPE experienced a surge, breaking through a new high of $70. However, the TWAP net buy volume showed a decreasing trend, with a net sell volume of $202,000 in the past hour. The expected net buy volume in the next 24 hours is $3.91 million, compared to around $54 million earlier today.
BlockBeats Note: The TWAP order pattern (Time-Weighted Average Price) splits a large order into many smaller orders evenly over time and steadily executes them at fixed time intervals within a preset time window. It is a common algorithmic trading strategy mainly used to reduce market price impact when executing large orders.
06:07
「Stock Market Wizard」 Trump's Top 5 Stocks: Accenture, Sushi Brand Make the List, Potential Self-Rescue SituationBlockBeats News, May 31st. Recently, Trump's title as the "Stock God" has become more prominent, with Micron, Dell, and Intel successively becoming the targets of his legendary trades. The market has been buzzing with doubts about Trump "using his presidential power to benefit his holding companies." However, under the halo of the "Stock God," Trump still holds a large amount of stocks in a trapped position.
BlockBeats, by compiling the Trump Form 278-T financial documents disclosed by the U.S. Office of Government Ethics on May 14th, has identified the top 5 Trump holdings with amounts exceeding a million dollars as follows:
1. FIS (Fidelity National Information Services Inc), a company that mainly provides payment processing, core banking systems, transaction settlement, and other technical services to institutional users. In Q1, Trump had a total of 6 large purchases; however, the company's stock price has remained low, and Trump is expected to be trapped with a loss of 42.8%.
2. ACN (Accenture), a globally renowned consulting and IT services company. In Q1, Trump made a total of 9 large purchases, with an average purchase amount of $1.46 million, and Trump is expected to be trapped with a loss of 32.5%.
3. KRUS (Kura Sushi USA Inc), a U.S. conveyor belt sushi chain restaurant operator. In Q1, Trump made one large purchase with an average amount of $3 million, and Trump is expected to be trapped with a loss of 31.7%.
4. SYK (Stryker Corporation), a medical technology company specializing in orthopedic implants, surgical equipment, neurotechnology, etc. In Q1, Trump made a total of 6 large purchases, with an average amount of $1.01 million, and Trump is expected to be trapped with a loss of 25.9%.
5. PTC, an industrial software company providing CAD, PLM, IoT, and augmented reality software. In Q1, Trump made a total of 6 large purchases, with an average amount of $3.08 million, and Trump is expected to be trapped with a loss of 24%.
From the above summary, it can be observed that most of Trump's heavily trapped holdings belong to the AI alternative industry, and their underperformance in the AI boom seems relatively understandable. In the absence of conclusive evidence for the doubts about Trump, the market may perhaps anticipate an unexpected positive trend, a "self-rescue rally," in the related stocks.
06:04
BTC is trading within a concentrated range, with the current price approaching a critical areaChip distribution data shows: in the past six months, 50% of BTC trading chips were concentrated in the $65,138.49-$76,578.12 range, with the point of control (POC) at $67,045.10. Currently, the BTC price is operating in the middle of this range and is above the POC price, which means the POC level has shifted from a cost line to a psychological support line. As long as the price does not fall below the POC, the short-term bullish pattern remains. If there is heavy volume breaking below the POC, the bullish advantage is lost. PRO "Chip Distribution" supports switching to more timeframes to view POC evolution trends and helps determine if support is solid. Data is for reference only.
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