Zcash Price Volatility: Z Protocol Sparks Debate
Zcash (ZEC) has seen a +9% surge, now trading around $248. This relief bounce brings underlying tension, as the pivotal Z Protocol upgrade remains __distant from its 2026 launch__.
The EVM-compatible Layer 1 Z Protocol is designed to integrate native smart contracts and DeFi primitives (Z Trade, Z Lend, USDZ stablecoin) into Zcash. Its future mainnet launch positions it as a key sentiment driver for ZEC's current price action.
Technically, ZEC is consolidating between $200-$250, with momentum fading near $250 resistance. Analysts predict three scenarios: hype-driven surge past $280 (potentially $690), consolidation, or a breakdown below $218 as launch euphoria wanes. ZEC is at a __genuine inflection point__.
Zcash (ZEC) has seen a +9% surge, now trading around $248. This relief bounce brings underlying tension, as the pivotal Z Protocol upgrade remains __distant from its 2026 launch__.
The EVM-compatible Layer 1 Z Protocol is designed to integrate native smart contracts and DeFi primitives (Z Trade, Z Lend, USDZ stablecoin) into Zcash. Its future mainnet launch positions it as a key sentiment driver for ZEC's current price action.
Technically, ZEC is consolidating between $200-$250, with momentum fading near $250 resistance. Analysts predict three scenarios: hype-driven surge past $280 (potentially $690), consolidation, or a breakdown below $218 as launch euphoria wanes. ZEC is at a __genuine inflection point__.
Gold's 2026 Outlook: Forecasts Raised but Below Current Peaks
Analysts have increased their 2026 gold price forecasts, with a Reuters survey median at $4,916/ounce, the highest since 2012, driven by strong central bank demand and global uncertainty. However, many anticipate prices will finish below current levels.
Baird's Michael Antonelli expects gold below $4,500 by late 2026, noting fading US dollar and debt worries. After hitting a record $5,595 in January, gold saw an 11% drop post-geopolitical events.
While a broader rally is foreseen when tensions ease, gold's inflation hedge role faces challenges from potential tighter monetary policy due to high energy prices. Truist's Keith Lerner points to Fed rate cuts as a key catalyst for significant upside. Long-term support comes from central bank buying and US debt, but a volatile, range-bound path is expected.
Analysts have increased their 2026 gold price forecasts, with a Reuters survey median at $4,916/ounce, the highest since 2012, driven by strong central bank demand and global uncertainty. However, many anticipate prices will finish below current levels.
Baird's Michael Antonelli expects gold below $4,500 by late 2026, noting fading US dollar and debt worries. After hitting a record $5,595 in January, gold saw an 11% drop post-geopolitical events.
While a broader rally is foreseen when tensions ease, gold's inflation hedge role faces challenges from potential tighter monetary policy due to high energy prices. Truist's Keith Lerner points to Fed rate cuts as a key catalyst for significant upside. Long-term support comes from central bank buying and US debt, but a volatile, range-bound path is expected.
Analysts Eye Bitcoin Bottom Amid Price Volatility
Crypto analysts are divided on Bitcoin's immediate future but observe signs of a local bottom. Zizcrypto notes the current 39% drawdown from ATH is less severe than past bear market drops (86-76%), suggesting market maturity, though current conditions differ.
Michaël van de Poppe of MN Trading declares Bitcoin at a "capitulation point." He cites 11 indicators showing a five-year best buying opportunity, negative funding rates, and a low futures basis. He suggests leveraged longs are gone, and $1.5 billion in spot ETF inflows since mid-April indicate a spot-driven market, ending forced sales.
Fidelity's Jurrien Timmer highlights Bitcoin's resilience, testing a "bear flag" upper bound. He argues that in bull markets, "overbought" signifies strength, not collapse. If prices hold, it could confirm a new growth phase. This analysis follows a crypto dip on April 29 after the Fed maintained interest rates.
Crypto analysts are divided on Bitcoin's immediate future but observe signs of a local bottom. Zizcrypto notes the current 39% drawdown from ATH is less severe than past bear market drops (86-76%), suggesting market maturity, though current conditions differ.
Michaël van de Poppe of MN Trading declares Bitcoin at a "capitulation point." He cites 11 indicators showing a five-year best buying opportunity, negative funding rates, and a low futures basis. He suggests leveraged longs are gone, and $1.5 billion in spot ETF inflows since mid-April indicate a spot-driven market, ending forced sales.
Fidelity's Jurrien Timmer highlights Bitcoin's resilience, testing a "bear flag" upper bound. He argues that in bull markets, "overbought" signifies strength, not collapse. If prices hold, it could confirm a new growth phase. This analysis follows a crypto dip on April 29 after the Fed maintained interest rates.
Bitcoin Surges Past $71K Amid Iran Ceasefire Hopes
Bitcoin (BTC) soared past $71,000, its highest in almost a month, following news of a US-Iran ceasefire agreement. President Trump's announcement of a two-week halt in bombing operations fueled optimism, sending risk assets surging across the board.
BTC spiked 6% to $72,700, with Ether also seeing significant gains. Spot Bitcoin ETFs saw $471.3M net inflows Monday, reversing prior outflows and signaling easing institutional selling. Is this a relief rally or a structural shift?
A sustained close above $71,500 eyes $76K, then $85K if ETF momentum holds. However, a ceasefire collapse or poor inflation data could see BTC drop to $65K.
Bitcoin (BTC) soared past $71,000, its highest in almost a month, following news of a US-Iran ceasefire agreement. President Trump's announcement of a two-week halt in bombing operations fueled optimism, sending risk assets surging across the board.
BTC spiked 6% to $72,700, with Ether also seeing significant gains. Spot Bitcoin ETFs saw $471.3M net inflows Monday, reversing prior outflows and signaling easing institutional selling. Is this a relief rally or a structural shift?
A sustained close above $71,500 eyes $76K, then $85K if ETF momentum holds. However, a ceasefire collapse or poor inflation data could see BTC drop to $65K.
US Education Dept to Vacate Headquarters Amid Dismantling Efforts
The Trump administration has confirmed the U.S. Education Department will leave its current Washington headquarters, relocating to a smaller office as part of ongoing efforts to dismantle the agency. Its current headquarters, the Lyndon B. Johnson building—reportedly 70% vacant—will be occupied by the Department of Energy.
Officials frame the relocation as a cost-saving measure, expected to save taxpayers over $350 million in deferred maintenance costs. This aligns with the administration's goal to shrink the federal role in education, favoring greater state control.
The agency has already experienced significant staffing cuts and transferred various functions, including portions of its student loan portfolio, to other federal departments like the Treasury.
The Trump administration has confirmed the U.S. Education Department will leave its current Washington headquarters, relocating to a smaller office as part of ongoing efforts to dismantle the agency. Its current headquarters, the Lyndon B. Johnson building—reportedly 70% vacant—will be occupied by the Department of Energy.
Officials frame the relocation as a cost-saving measure, expected to save taxpayers over $350 million in deferred maintenance costs. This aligns with the administration's goal to shrink the federal role in education, favoring greater state control.
The agency has already experienced significant staffing cuts and transferred various functions, including portions of its student loan portfolio, to other federal departments like the Treasury.
Record Bitcoin Outflow from Exchanges
Users withdrew 47,700 BTC from crypto exchanges in a week, matching 2025 highs, reported CryptoQuant analyst Axel Adler Jr. The peak on March 4 saw 31,900 BTC ($2.26B) exit platforms, with 25,000 BTC from Bitfinex marking their largest outflow since June 2025.
Adler Jr. observed daily withdrawals surpassed deposits. This points to significant spot market buying: $1.1B in stablecoins entered exchanges just before the mass BTC exodus. Investors are likely moving newly acquired assets to cold storage, with an estimated average buy price of $70,000.
This reduction in exchange balances lessens selling pressure. If this trend persists for 3-5 days without coins returning, it could signal a sustained accumulation phase, a bullish indicator for Bitcoin's price. For context, investors also pulled a record 31.6M ETH from CEXs in February, the highest since November 2025.
Users withdrew 47,700 BTC from crypto exchanges in a week, matching 2025 highs, reported CryptoQuant analyst Axel Adler Jr. The peak on March 4 saw 31,900 BTC ($2.26B) exit platforms, with 25,000 BTC from Bitfinex marking their largest outflow since June 2025.
Adler Jr. observed daily withdrawals surpassed deposits. This points to significant spot market buying: $1.1B in stablecoins entered exchanges just before the mass BTC exodus. Investors are likely moving newly acquired assets to cold storage, with an estimated average buy price of $70,000.
This reduction in exchange balances lessens selling pressure. If this trend persists for 3-5 days without coins returning, it could signal a sustained accumulation phase, a bullish indicator for Bitcoin's price. For context, investors also pulled a record 31.6M ETH from CEXs in February, the highest since November 2025.
Silver Plunges Nearly 50% Amid Geopolitical Turbulence
Silver investors face significant unrealized losses as prices retracted from $120 highs to $68 per ounce. A volatile session saw prices briefly touch $61, highlighting the dangers of chasing assets that climb "like fireworks."
The market is rapidly re-evaluating geopolitical premiums tied to US-Iran tensions over the Strait of Hormuz. The risk premium is eroding faster than bulls anticipated, with technical indicators screaming caution. The swift drop suggests the parabolic phase has fractured, driven by significant institutional liquidation.
The $61 level is critical support; failure could lead to further downside. Simultaneously, smart capital is rotating from volatile commodities, seeking programmable assets like Bitcoin Layer 2s.
Silver investors face significant unrealized losses as prices retracted from $120 highs to $68 per ounce. A volatile session saw prices briefly touch $61, highlighting the dangers of chasing assets that climb "like fireworks."
The market is rapidly re-evaluating geopolitical premiums tied to US-Iran tensions over the Strait of Hormuz. The risk premium is eroding faster than bulls anticipated, with technical indicators screaming caution. The swift drop suggests the parabolic phase has fractured, driven by significant institutional liquidation.
The $61 level is critical support; failure could lead to further downside. Simultaneously, smart capital is rotating from volatile commodities, seeking programmable assets like Bitcoin Layer 2s.
Morgan Stanley Updates India Focus List with Three Key Stocks
Morgan Stanley has added Lenskart, Adani Power, and Prestige Estates to its India "focus list," highlighting opportunities in niche consumer goods, power generation, and real estate. These firms were chosen for their competitive advantages, strong balance sheets, and expected above-average growth.
Lenskart is seen as a unique play on lifestyle shifts, leveraging vertical integration and technology for potential global scale and profitability. Adani Power, a leading independent power producer, demonstrates a robust balance sheet and strategic operational efficiencies. Prestige Estates is poised for significant growth, with projected 80% FY26 pre-sales growth and substantial annuity portfolio expansion, including a new data center venture.
The bank simultaneously removed Reliance Industries, Titan, and Interglobe Aviation from its list.
Morgan Stanley has added Lenskart, Adani Power, and Prestige Estates to its India "focus list," highlighting opportunities in niche consumer goods, power generation, and real estate. These firms were chosen for their competitive advantages, strong balance sheets, and expected above-average growth.
Lenskart is seen as a unique play on lifestyle shifts, leveraging vertical integration and technology for potential global scale and profitability. Adani Power, a leading independent power producer, demonstrates a robust balance sheet and strategic operational efficiencies. Prestige Estates is poised for significant growth, with projected 80% FY26 pre-sales growth and substantial annuity portfolio expansion, including a new data center venture.
The bank simultaneously removed Reliance Industries, Titan, and Interglobe Aviation from its list.
Aave V3 Avoids Bad Debt by Shifting Risk to Borrowers
According to a Bank of Canada study, Aave V3's DeFi lending protocol successfully prevented bad debts from January 2023 to May 2025. This was achieved through overcollateralization and automated liquidations, safeguarding lenders.
However, this architecture effectively transfers risk to borrowers. During periods of high market volatility, liquidations are swift and often at disadvantageous prices. Users typically lose 5-10% in fees, potentially up to 30% when accounting for lost future gains. Liquidations are concentrated in wrapped ETH and BTC, amplifying systemic risk, while recursive lending further exacerbates user vulnerability.
According to a Bank of Canada study, Aave V3's DeFi lending protocol successfully prevented bad debts from January 2023 to May 2025. This was achieved through overcollateralization and automated liquidations, safeguarding lenders.
However, this architecture effectively transfers risk to borrowers. During periods of high market volatility, liquidations are swift and often at disadvantageous prices. Users typically lose 5-10% in fees, potentially up to 30% when accounting for lost future gains. Liquidations are concentrated in wrapped ETH and BTC, amplifying systemic risk, while recursive lending further exacerbates user vulnerability.
XRP: Viral Video Fuels Bullish Outlook Amid ETF Hopes
XRP is rallying, with a viral video by crypto commentator John Squire suggesting "game over" for latecomers, predicting structural scarcity as institutional utility for global payments activates. XRP is seen as the "internet of value."
Ripple’s ecosystem strengthens this narrative, with strong fund inflows ($119.6M) and seven spot XRP ETFs awaiting SEC review by Q2 2026.
Despite consolidating around $1.45, XRP shows demand with $2.6B daily volume. Resistance at $1.50 is key; a breakout could occur if support holds and ETFs are approved.
For outsized gains, some favor early-cycle, lower-cap assets. __Maxi Doge ($MAXI)__, an Ethereum meme token, has raised $4.7M in presale, offering 60% APY staking, attracting notable interest for its "1000x leverage mindset."
XRP is rallying, with a viral video by crypto commentator John Squire suggesting "game over" for latecomers, predicting structural scarcity as institutional utility for global payments activates. XRP is seen as the "internet of value."
Ripple’s ecosystem strengthens this narrative, with strong fund inflows ($119.6M) and seven spot XRP ETFs awaiting SEC review by Q2 2026.
Despite consolidating around $1.45, XRP shows demand with $2.6B daily volume. Resistance at $1.50 is key; a breakout could occur if support holds and ETFs are approved.
For outsized gains, some favor early-cycle, lower-cap assets. __Maxi Doge ($MAXI)__, an Ethereum meme token, has raised $4.7M in presale, offering 60% APY staking, attracting notable interest for its "1000x leverage mindset."
UK Bonds Plunge as Oil Surge Rekindles Inflation Fears
British government bonds fell sharply on Monday. This decline followed a 25% oil price surge, driven by escalating Middle East conflict and supply disruption fears.
The oil price jump revived inflation fears, especially for the UK, a European economy particularly vulnerable to price pressures. Two-year gilt yields rose to 4.1380%. Five-year and 10-year yields also posted significant gains, highlighting the challenge this energy price hike poses for policymakers.
British government bonds fell sharply on Monday. This decline followed a 25% oil price surge, driven by escalating Middle East conflict and supply disruption fears.
The oil price jump revived inflation fears, especially for the UK, a European economy particularly vulnerable to price pressures. Two-year gilt yields rose to 4.1380%. Five-year and 10-year yields also posted significant gains, highlighting the challenge this energy price hike poses for policymakers.
TON Blockchain Speeds Up 10x After Major Upgrade
On April 9, the TON network activated its Catchain 2.0 update, significantly boosting throughput tenfold. The initiative received overwhelming support, approved by over 85% of voters.
Pavel Durov confirmed the successful upgrade, noting a sixfold increase in block creation speed and "instant, less than a second" transactions. He framed this as "step 1 of 7 to Make TON Great Again (MTONGA)," with the next goal being a sixfold reduction in transaction fees. Developers report block creation time now stands at 400ms across the network.
While validator rewards are currently higher due to faster block intervals, a proposal to reduce block rewards (from 1.7 TON to 0.35 TON for masterchain, and 1 TON to 0.2 TON for mainnet) is slated for a June vote. This aims to curb potential annual inflation, which could otherwise rise from 0.6% to 3.6% with the accelerated block issuance.
On April 9, the TON network activated its Catchain 2.0 update, significantly boosting throughput tenfold. The initiative received overwhelming support, approved by over 85% of voters.
Pavel Durov confirmed the successful upgrade, noting a sixfold increase in block creation speed and "instant, less than a second" transactions. He framed this as "step 1 of 7 to Make TON Great Again (MTONGA)," with the next goal being a sixfold reduction in transaction fees. Developers report block creation time now stands at 400ms across the network.
While validator rewards are currently higher due to faster block intervals, a proposal to reduce block rewards (from 1.7 TON to 0.35 TON for masterchain, and 1 TON to 0.2 TON for mainnet) is slated for a June vote. This aims to curb potential annual inflation, which could otherwise rise from 0.6% to 3.6% with the accelerated block issuance.
Gemini AI Predicts Explosive Crypto Gains by Year-End
Google's Gemini AI, utilizing carefully crafted prompts, foresees significant price rallies for XRP, Solana, and Cardano. This optimistic outlook anticipates a fresh influx of capital into crypto, driven by technical indicators, market developments, and a maturing regulatory landscape.
For XRP, Gemini projects a potential 10x surge, targeting $15. This growth is linked to Ripple's XRPL strategy for enterprise payments, stablecoins, and tokenized real-world assets, bolstered by institutional investment via US XRP ETFs and global partnerships.
Solana (SOL) could soar from $88 to $600, a 7x gain, potentially doubling its all-time high. Institutional adoption, including spot ETFs and major financial entities deploying tokenized products on its network, is expected to be a primary catalyst.
Google's Gemini AI, utilizing carefully crafted prompts, foresees significant price rallies for XRP, Solana, and Cardano. This optimistic outlook anticipates a fresh influx of capital into crypto, driven by technical indicators, market developments, and a maturing regulatory landscape.
For XRP, Gemini projects a potential 10x surge, targeting $15. This growth is linked to Ripple's XRPL strategy for enterprise payments, stablecoins, and tokenized real-world assets, bolstered by institutional investment via US XRP ETFs and global partnerships.
Solana (SOL) could soar from $88 to $600, a 7x gain, potentially doubling its all-time high. Institutional adoption, including spot ETFs and major financial entities deploying tokenized products on its network, is expected to be a primary catalyst.
🤣1
Evonik Lowers 2026 Sales Forecast, Keeps Earnings Guidance
German chemicals giant Evonik AG has lowered its 2026 sales forecast by €500 million at the midpoint, now expecting €13.5-14.5 billion, down from €14-15 billion. Despite this, the company maintained its adjusted EBITDA guidance at €1.7-2 billion.
The revision follows full-year 2025 results showing sales down 7% to €14.1 billion, though adjusted EBITDA met forecasts at €1.87 billion. Free cash flow declined, and return on capital employed fell significantly to 6.1%, far below its 11% target. Both Advanced Technologies and Custom Solutions segments reported revenue and EBITDA declines.
Evonik proposed a €1 per share dividend for 2025, a transitional payment ahead of a new policy linking future distributions to 40-60% of adjusted net income from 2026.
German chemicals giant Evonik AG has lowered its 2026 sales forecast by €500 million at the midpoint, now expecting €13.5-14.5 billion, down from €14-15 billion. Despite this, the company maintained its adjusted EBITDA guidance at €1.7-2 billion.
The revision follows full-year 2025 results showing sales down 7% to €14.1 billion, though adjusted EBITDA met forecasts at €1.87 billion. Free cash flow declined, and return on capital employed fell significantly to 6.1%, far below its 11% target. Both Advanced Technologies and Custom Solutions segments reported revenue and EBITDA declines.
Evonik proposed a €1 per share dividend for 2025, a transitional payment ahead of a new policy linking future distributions to 40-60% of adjusted net income from 2026.
Lawsuit: Meta Sent Intimate Smart Glasses Footage to Kenyan Contractors
Meta faces a class-action lawsuit for allegedly sending intimate videos from its smart glasses to contractors in Kenya. A Swedish media investigation revealed that AI-powered smart glasses transmit sensitive footage—including sex, showering, and other private moments—to human reviewers in Nairobi. The suit claims Meta violated privacy and false advertising, citing its "designed for privacy" promises.
Kenyan contractors label this content to train Meta's AI. One specialist reported, "We see everything – from living rooms to naked bodies." While faces are reportedly blurred, this function isn't always reliable, and some videos allegedly show bank card details. Despite privacy concerns, Meta's smart glasses sales surged to 7 million units in 2025.
Meta faces a class-action lawsuit for allegedly sending intimate videos from its smart glasses to contractors in Kenya. A Swedish media investigation revealed that AI-powered smart glasses transmit sensitive footage—including sex, showering, and other private moments—to human reviewers in Nairobi. The suit claims Meta violated privacy and false advertising, citing its "designed for privacy" promises.
Kenyan contractors label this content to train Meta's AI. One specialist reported, "We see everything – from living rooms to naked bodies." While faces are reportedly blurred, this function isn't always reliable, and some videos allegedly show bank card details. Despite privacy concerns, Meta's smart glasses sales surged to 7 million units in 2025.
SEC Proposes $10M Settlement for Justin Sun Case
The U.S. Securities and Exchange Commission (SEC) seeks to settle its high-profile enforcement case against Justin Sun and his affiliated companies with a $10 million civil penalty. If approved, this judgment would dismiss all remaining claims against the TRON founder with prejudice, clearing his personal liability.
Rainberry Inc., the entity behind BitTorrent, agreed to the penalty and an injunction against future deceptive practices, without admitting wrongdoing. This resolution signals a significant de-escalation by the SEC, departing from its prior "regulation by enforcement" approach.
The original March 2023 lawsuit accused Sun of unregistered token sales, wash trading, and undisclosed celebrity promotions. While Sun expressed relief, some Democrats criticize the SEC's shift as politically motivated, citing Sun's alleged connections and the modest penalty. This suggests a new, more pragmatic SEC strategy.
The U.S. Securities and Exchange Commission (SEC) seeks to settle its high-profile enforcement case against Justin Sun and his affiliated companies with a $10 million civil penalty. If approved, this judgment would dismiss all remaining claims against the TRON founder with prejudice, clearing his personal liability.
Rainberry Inc., the entity behind BitTorrent, agreed to the penalty and an injunction against future deceptive practices, without admitting wrongdoing. This resolution signals a significant de-escalation by the SEC, departing from its prior "regulation by enforcement" approach.
The original March 2023 lawsuit accused Sun of unregistered token sales, wash trading, and undisclosed celebrity promotions. While Sun expressed relief, some Democrats criticize the SEC's shift as politically motivated, citing Sun's alleged connections and the modest penalty. This suggests a new, more pragmatic SEC strategy.
Bath & Body Works Shares Rise on Strong Q4 Performance
Bath & Body Works (BBWI) reported fourth-quarter results that exceeded analyst expectations. Adjusted earnings per share reached $2.05, surpassing the $1.75 consensus. Revenue hit $2.7 billion, beating estimates, despite a 2% year-over-year dip. The strong quarter was attributed to accelerated innovation and an early Amazon launch, causing shares to climb 3.1%.
However, the company issued a weaker outlook for the upcoming fiscal year, projecting a 4.5% to 2.5% decline in net sales and adjusted EPS of $2.40-$2.65, which falls below analyst forecasts. First-quarter guidance also anticipates declines. CEO Daniel Heaf stated that a "comprehensive, end-to-end evolution" of the business is underway, aiming for a more innovative and relevant brand, acknowledging that such transformations require time.
Bath & Body Works (BBWI) reported fourth-quarter results that exceeded analyst expectations. Adjusted earnings per share reached $2.05, surpassing the $1.75 consensus. Revenue hit $2.7 billion, beating estimates, despite a 2% year-over-year dip. The strong quarter was attributed to accelerated innovation and an early Amazon launch, causing shares to climb 3.1%.
However, the company issued a weaker outlook for the upcoming fiscal year, projecting a 4.5% to 2.5% decline in net sales and adjusted EPS of $2.40-$2.65, which falls below analyst forecasts. First-quarter guidance also anticipates declines. CEO Daniel Heaf stated that a "comprehensive, end-to-end evolution" of the business is underway, aiming for a more innovative and relevant brand, acknowledging that such transformations require time.
Binance Rejects $1.7 Billion Iran Transfer Allegations
Binance co-CEO Richard Teng and CCO Noah Perlman dismissed recent media reports accusing the exchange of ignoring sanctions and firing internal investigators over $1.7 billion in transfers to Iran-linked entities. Teng labeled the reporting "false and misleading."
Perlman highlighted Binance's robust compliance efforts, citing responses to over 71,000 law enforcement requests and the seizure of more than $130 million. He clarified that internal reviews found no evidence of transactions with sanctioned entities at the time of activity, with designations occurring later. Firings, he stressed, were due to internal policy violations, not compliance concerns.
Binance co-CEO Richard Teng and CCO Noah Perlman dismissed recent media reports accusing the exchange of ignoring sanctions and firing internal investigators over $1.7 billion in transfers to Iran-linked entities. Teng labeled the reporting "false and misleading."
Perlman highlighted Binance's robust compliance efforts, citing responses to over 71,000 law enforcement requests and the seizure of more than $130 million. He clarified that internal reviews found no evidence of transactions with sanctioned entities at the time of activity, with designations occurring later. Firings, he stressed, were due to internal policy violations, not compliance concerns.
Spot Bitcoin ETFs Hit Near $1 Billion Weekly Inflows, Best Since January
US Spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, marking their strongest performance since mid-January. BlackRock’s IBIT led with $612 million, highlighting institutional concentration.
This surge pushed total net assets past $101 billion. Year-to-date Bitcoin product inflows are now positive, indicating "__extraordinary institutional acceptance__." Daily flows were volatile, with Friday seeing a significant $663.9 million. Grayscale's GBTC continued outflows as investors favored lower-fee products.
The dominance of US institutions, capturing 96.4% of global crypto product inflows, suggests demand is centralizing in regulated US vehicles. Sustained inflows above $750 million could strengthen BTC's price support. Ethereum ETFs saw $275 million inflows, while Solana experienced outflows.
US Spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, marking their strongest performance since mid-January. BlackRock’s IBIT led with $612 million, highlighting institutional concentration.
This surge pushed total net assets past $101 billion. Year-to-date Bitcoin product inflows are now positive, indicating "__extraordinary institutional acceptance__." Daily flows were volatile, with Friday seeing a significant $663.9 million. Grayscale's GBTC continued outflows as investors favored lower-fee products.
The dominance of US institutions, capturing 96.4% of global crypto product inflows, suggests demand is centralizing in regulated US vehicles. Sustained inflows above $750 million could strengthen BTC's price support. Ethereum ETFs saw $275 million inflows, while Solana experienced outflows.
RBC Identifies Top Pharma Stocks for Momentum & Value
RBC has unveiled its top pharmaceutical stock picks, highlighting opportunities across momentum and value categories in the sector.
Eli Lilly leads RBC's momentum picks ($1,250 target), driven by its robust GLP-1 franchise. Positive orforglipron trial data strengthens its weight-loss and diabetes market dominance.
AbbVie is RBC's top value pick ($260 target), noted for durable immunology growth and an attractive entry point. A recent Moody's upgrade and new manufacturing investment highlight its strength.
RBC rates Merck Outperform ($142 target), believing its pipeline density is underestimated. AI drug discovery collaboration and business reorganization signal future potential.
Bristol Myers Squibb receives a Sector Perform rating ($60 target), with RBC noting a balanced risk-reward ahead of H2 catalysts. Recent positive Reblozyl trial data is a key factor.
RBC has unveiled its top pharmaceutical stock picks, highlighting opportunities across momentum and value categories in the sector.
Eli Lilly leads RBC's momentum picks ($1,250 target), driven by its robust GLP-1 franchise. Positive orforglipron trial data strengthens its weight-loss and diabetes market dominance.
AbbVie is RBC's top value pick ($260 target), noted for durable immunology growth and an attractive entry point. A recent Moody's upgrade and new manufacturing investment highlight its strength.
RBC rates Merck Outperform ($142 target), believing its pipeline density is underestimated. AI drug discovery collaboration and business reorganization signal future potential.
Bristol Myers Squibb receives a Sector Perform rating ($60 target), with RBC noting a balanced risk-reward ahead of H2 catalysts. Recent positive Reblozyl trial data is a key factor.