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09:09
The S&P 500 Index (SPY) falls below the 100-day moving average for consecutive sessions for the first time in two and a half years.
Jinse Finance reported that the financial data and information platform Barchart released a chart indicating that a significant technical signal has emerged in the US stock market. The S&P 500 ETF ($SPY) has closed below its 100-day Moving Average on two out of the last three trading days. Data shows that this is the first time since May 2024 that the index has exhibited such a technical pattern. This signal is typically regarded by technical analysts as a strong warning of a weakening mid-term trend or the market entering a period of deep correction.
09:07
Dubai gold faces "flight suspension" crisis as air transport disruption leads to significant discount
BlockBeats News, March 6, due to the suspension of flights caused by the Middle East conflict, which has hindered suppliers' ability to ship gold bars from this key trading hub, Dubai gold is being sold at significant discounts. Many buyers have stopped placing new orders because they are unwilling to pay abnormally high transportation and insurance costs without a guarantee of timely delivery. According to informed sources, traders are offering discounts of up to $30 per ounce below the London global benchmark price to avoid indefinitely paying storage and financing costs. Sources said that although some gold has been loaded onto flights leaving Dubai since midweek, a large amount of cargo remained stranded as of Friday. The UAE (especially Dubai) is an important center for refining and exporting gold bars to buyers across Asia, and also serves as a transshipment hub for goods from Switzerland, the UK, and several African countries. As the war between the US, Israel, and Tehran enters its seventh day with no sign of resolution, and after the region's airspace was partially closed due to a large-scale missile attack by Iran, significant disruptions continue. (Golden Ten Data)
09:04
Alchemy Pay obtains Delaware Money Transmitter License in the United States
According to ChainCatcher, crypto payment company Alchemy Pay has announced that it has obtained a Money Transmitter License issued by the state of Delaware, USA, allowing it to conduct compliant money transmission-related business locally. With the approval of this license, Alchemy Pay now holds money transmitter licenses in 15 states in the United States, and its global compliance footprint already covers regions such as Australia, South Korea, Switzerland, and Hong Kong, China.
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