Steven Anthonis

Abu Dhabi’s MGX Invests $2 Billion in Binance

In a groundbreaking move, Abu Dhabi-based investment firm MGX has invested $2 billion in Binance, the world’s largest cryptocurrency exchange by trading volume. This marks the first major institutional investment in Binance, signaling a shift in how traditional finance views the crypto sector.

Bitcoin’s Breakdown Hits Target – Is the Next Move a Reversal or More Pain?

Bitcoin’s steep decline has shaken the market, sending the Fear & Greed Index down to 24 (Extreme Fear), a level where major bottoms have often formed in the past. The price recently broke down from a large trading range (91,500 – 106,500) and has now reached the measured target of the breakdown.

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Kraken Targets 2026 IPO Amid Favorable U.S. Crypto Policies

Crypto exchange Kraken is reportedly preparing for its long-awaited initial public offering (IPO) in 2026, according to Bloomberg. With the Trump administration’s crypto-friendly stance, the possibility of a public listing has resurfaced, marking a major milestone for one of the industry’s most established players.

Gold’s Bullish Trend Faces a Test – Is the Rally Running Out of Steam?

Gold (XAU/USD) has been on a strong uptrend, climbing steadily within its rising channel and recently hitting multi-year highs. However, technical indicators now flash warning signs, suggesting a potential slowdown.

S&P 500 relief rally or more downside ahead?

The S&P 500 (SPX) has been under pressure, dropping from all-time highs as bearish divergences played out. However, reaching a major support level today raises the question: Is there room for a short-term relief rally, or is there more downside ahead?

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Why the Strategic Crypto Reserve Is a Bad Idea

During his campaign, Donald Trump pledged to create a Strategic Bitcoin Reserve to strengthen the U.S. position in the digital asset space. However, this plan has since expanded into a broader “Strategic Crypto Reserve”, which would include not just Bitcoin but also other, far less reliable cryptocurrencies.