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Bulls And Bears

Bulls And Bears

 

Markets, Cryptos And Culture

February 2, 2026

Sydney, Australia to Wall Street, New York

"All That Glitters" Edition

"Gold" (Spandau Ballet)
"You Got the Silver" (The Rolling Stones)
"Goldfinger" (Shirley Bassey)
"Mercy, Mercy, Mercy" (The Wolf Of Wall Street theme) Cannonball Adderley
"Stretch Your Face" (TOBACCO). Silicon Valley theme
"Diamonds" (Rihanna)
"Falling Down" (1993). (James Newton Howard)
"Every 1's a Winner" (Hot Chocolate)
"Still Humble" (def rebel)
"Clubbed to Death". (The Matrix theme). Kurayamino Mix. (Rob D)

Markets

ASX futures down 60 points/0.7% to 8809
AUD +0.2% at US69.71¢
Bitcoin $78,107.72 -0.94%
Dow -0.4%
S&P -0.4%
Nasdaq -0.9%
Gold -8.9% to $US4894.23 an ounce
Silver 84.634 -31.16 -26.91%
Brent oil +0.1% at $US68.38 a barrel
Iron ore -0.9% at $US103.85 a ton

Numbers Double Check

Australian Dollar: $0.6949 USD (down $0.0076 USD) Iron Ore: $103.55 USD (down $0.95 USD)
Iron Ore: $103.85 USD (down $0.93 USD)
Oil Price (WTI): $65.21 USD (down $0.26 USD)
Gold Price: $4,893.20 USD (down $405.49 USD)
Copper Price: $5.9670 USD (down $0.2165 USD)
Dow Jones: 48,892.47 (down 179.09 points)

News

ASX set to fall as investors expect RBA to raise rates

Futures pricing suggests that Australian equities will shed about 0.7 per cent when the market opens on Monday, following a negative lead from Wall Street. The Reserve Bank's monetary policy board meeting on Tuesday will be the key focus for local investors in the coming week, with financial markets now pricing in a 74 per cent chance of an interest rate rise. Investors will also be closely watching movements in the price of gold and silver; both precious metals fell sharply on Friday, as the Trump administration confirmed that it will nominate Kevin Warsh to succeed Jerome Powell as the chairman of the Federal Reserve. The S&P/ASX 200 shed 0.6 per cent to close at 8,869.1 points on Friday, although it gained 1.8 per cent in January. (RMS)

News

Crypto News

Feb 2

The cryptocurrency market is experiencing significant downward pressure as of early February 2026. Bitcoin (BTC) has seen sharp declines, trading around $77,000–$78,000 (down roughly 1.5–2% in the last 24 hours and more over the past week), following a weekend sell-off that triggered liquidations and erased recent gains. This extends from highs earlier in the cycle, with analysts warning of potential further downside, possibly testing $75,000 or lower in a corrective phase, amid cooling institutional demand and macro factors like Fed policy speculation and commodity sell-offs (e.g., silver).Major altcoins are also hit hard: Ethereum (ETH) is down around 10% recently, hovering near $2,300–$2 ,400.
XRP has dropped about 11%.

Other assets like Solana, Litecoin, and Cardano are seeing similar 9–12% declines in recent sessions.

Overall crypto liquidations have exceeded $2.5 billion in short periods, with leverage unwinds contributing to the volatility. Bitcoin ETFs have recorded substantial outflows (around $6 billion cited in reports), signaling reduced institutional enthusiasm temporarily.

News

Miners

Energy/Resources

Australia and World

Cracks in Glencore, Rio merger plans

Rio Tinto investors are contemplating a potential $340 billion merger with Glencore that is motivated by a wish to own Glencore's copper assets. With financial information firm S&P Global having recently predicted that copper demand will jump from 28 million tonnes last year to 42 million tonnes by 2040, big mining companies like Rio and BHP are all trying to get access to copper resources. Glencore has pledged to almost double its copper production by 2035 to 1.6 million tonnes, but the discovery of an ancient ceramic pot in a remote part of the Argentinian Andes last year could potentially harm that forecast. It was discovered at the site of a $US9.4 billion ($13.4 billion) copper mine known as El Pachon that Glencore is hoping to develop, and it serves as a timely reminder that mines such as it will need to be approved, funded and built rapidly if Glencore is to meet its targets. (RMS)

News

Rio, Chinalco team up on $1.3b Brazil deal

Rio Tinto and the Aluminium Corporation of China (Chinalco) have acquired a 68.6 per cent stake in Companhia Brasileira de Aluminio for almost $US902.1 million ($1.3 billion). The Brazilian company owns electricity generators, bauxite mines, alumina refineries and aluminium smelters, with Rio and Chinalco also partners in Guinea's Simandou iron ore project. The deal comes a week before Rio is due to consummate or extend merger discussions with Glencore, whose aluminium division includes bauxite mining and alumina refining assets in Brazil. (RMS)

News

Glencore courted Blair's key man

The latest release of the Jeffrey Epstein files by the US Department of Justice have revealed interesting emails in the lead-up to Glencore's 2011 public listing on the London and Hong Kong stock exchanges. The emails show that ex-UK cabinet minister Peter Mandelson touted his potential as a possible chairman of Glencore to the mining company's then CEO Ivan Glasenberg, and that Glasenberg appeared to lobby for Mandelson to get the job. Mandelson did not end up succeeding in his bid to become Glencore chairman, but his lobbying firm Global Counsel reportedly won lucrative work advising Glencore on international political issues. (RMS)

News

Teammates still kicking the big goals

Sierra Nevada Gold was recently awarded an exploration permits in Saudi Arabia, as was Australia's richest person, Gina Rinehart. She has an estimated fortune of about $46.3bn, while Sierra Nevada Gold has a market capitalisation of just $16m. It is run by former VFL champion Peter Moore, who won two Brownlow medals during his career, along with playing in four losing grand finals for Collingwood; he said Sierra Nevada Gold's success in securing an exploration permit indicated that the Saudis were not as worried about a firm's bank balance as they were about its expertise. (RMS)

News

Inside WA Police's elite gold squad

Western Australia is home to the world's only specialised gold-stealing detection unit, although the Kalgoorlie-based police section is more commonly referred to as "The Gold Squad". Its $390,000 annual operating expenses are funded by 15 gold mining companies and the Perth Mint, with gold squad Detective Sergeant Graham Baylor saying a lot of its work is intelligence-based. At a current price of around $7,620 per ounce, stealing even a small amount of gold can mean a big windfall for thieves, so he says it is surprising that the record price of gold has not led to a jump in gold-related crime, (RMS)

News

Latimore to hit Nasdaq with minerals venture

Billionaire Brisbaned-based businessman Matt Latimore will list his coal trading business M Resources on the US Nasdaq after raising $US270 million ($386 million). M Resources' main asset is Illawarra Metallurgical Coal, which operates two mines south of Sydney, while it also trades in materials such as graphite and lithium. Latimore founded M Resources in 2011, with its revenue rising from $1.3 billion in 2024 to $1.5 billion last year, boosting its profit by almost 15 per cent to $109 million, while he expects strong demand for metallurgical coal for decades to come, with steel makers so far unable to find a cost-effective lower carbon alternative. (RMS)

News

Kambalda's future unclear on 60th anniversary of nickel discovery

It was 60 years ago this week that nickel was discovered on the edge of a salt lake at Kambalda in Western Australia. However, the future of nickel mining at Kambalda remains very uncertain, after the WA nickel sector collapsed in 2024, with three underground mines at Kambalda being among the casualties. More than 1.6 million tonnes of nickel has been mined from Kambalda over its history, while 24 nickel mines have operated in the Kambalda district in the past 60 years. Mining magnate Andrew Forrest will have a big say in Kambalda's future prosperity, with his private company Wyloo completed a $760 million takeover of Kambalda nickel miner Mincor Resources in 2023, but barely six months later its mines were shut. Dewatering operations are continuing around the clock so the mines do not flood, enabling a future restart, though Zoran Seat from Wyloo could not say when that might be. (RMS)

News

Gas crisis on horizon if no intervention

State and federal energy ministers are assessing whether to give new "last resort" powers to the Australian Energy Market Operator in an attempt to avoid gas supply shortfalls set to hit southern states from 2028. Modelling undertaken by Acil Allen has found wholesale spot gas prices would double to over $20 a gigajoule across the east coast gas market if no changes are made to current market settings, but Australian Energy Producers, which represents major oil and gas suppliers, said the proposal to give AEMO new powers risks undermining the objectives of the Gas Market Review. (RMS)

News

Roy Morgan wins Media Man 'News Services Outlet Of The Month' award

Sky News Australia wins Media Man 'News Company Of The Month' award

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award

Netflix wins Media Man 'Streaming Service Of the Month' award

WWE wins Media Man 'Wrestling Promotion Of The Month' award

Mack Trucks wins Media Man 'Truck Brand Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Company Of The Month' award

RAM wins Media Man 'Light Truck Of The Month' award

Gina Rinehart wins Media Man 'Mining Disruptor Of The Month' award

Jim's Mowing wins Media Man 'Australian Business Of The Month' award

News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

The Million Dollar Man vs IRS
Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
White Light vs Dark Matter
Lexis King vs NIL's (WWE NXT)
Volk vs Naysayers (UFC: Sydney, Australia)
Brock Lesnar vs Everyone! (WWE Royal Rumble)
Money Inc vs Right To Censor
Mad Men vs Queer Eye
Sky News Australia vs Woke Media
FOX vs The Hound
Polymarket vs Underground Bookies

 

January 27, 2026

ASX 200 futures up 52 points or 0.6 per cent to 8880

AUD +0.4% to US69.18¢
Bitcoin +1.7% to $US87,815
Wall St:
Dow +0.8% S&P +0.6% Nasdaq +0.5%
VIX -0.26 to 15.83
Gold +1.1% to $US5043.71 an ounce
Brent oil -0.4% to $US65.61 a barrel
Iron ore -1% to $US103.55 a tonne
10-year yield: US 4.21% Australia 4.81%

 

Markets, Cryptos and Culture

January 2026

Jan 27

Sydney, Australia re-opens

to Wall Street, New York

Media Man's X Returns With A Bang

Gold Glitters And Crypto's Start To Shine Edition

"Ruby Tuesday" In Sin City Sydney
"Tuesday's Gone" Lynyrd Skynyrd
"Gold" Spandau Ballet
"Stretch Your Face" Silicon_Valley theme (Tobacco. Composer)
"Mercy, Mercy, Mercy"(Cannonball Adderley). The Wolf of Wall Street theme

Markets

ASX 200 futures up 52 points/0.6% to 8880
AUD +0.4% to US69.18¢
BTC $88,344.02 +0.64%

Wall St:
Dow +0.8%
S&P +0.6%
NAS +0.5%
VIX -0.26 to 15.83
Gold +1.1% to $US5043.71 oz
Oil -0.4% to $US65.61 a barrel
Iron -1% to $US103.55 a ton

10-year yield: US 4.21% Aust 4.81%

Cryptos

The crypto market rose due to dollar weakness

Market Overview

The crypto market cap has fallen by 5% over the past seven days. The decline resumed at the start of the new week, with total capitalisation falling to $2.9T amid slippage in an illiquid market. In recent hours, however, positive momentum has prevailed, bringing the market back to $2.97T due to the weakness of the US dollar and global purchases of risky assets. But even now, cryptocurrencies remain a lagging class of risk-sensitive assets, falling short of metals and the strongest global currencies.

Bitcoin hit a low for the day near $86K, its lowest level since December. After that, the market received support from the weak dollar, which, like a tide, lifted all boats at once. The technical bearish picture remains relevant, despite the gains in recent hours. BTC remains below its key moving average lines and has not attempted to break through the support of the last two months. News Background

Outflows from spot Bitcoin ETFs in the US over the past shortened week nearly offset the previous week's inflows, reaching their highest level in almost 11 months. According to SoSoValue, net outflows from spot BTC ETFs amounted to $1.33 billion. Net weekly outflows from spot Ethereum ETFs in the US exceeded $611 million.

Bitcoin holders began to record net losses for the first time since October 2023, signalling the asset's entry into an ‘early bear market.’ Bitcoin is now trading below the acquisition price of 75% of the total supply, signalling growing pressure from sellers, Glassnode notes.

The main reason for BTC's weakness is large-scale sales by long-term holders, rather than concerns about quantum computing, according to Checkonchain.

Activity on the Ethereum mainnet has exceeded that of layer 2 (L2) solutions since the Fusaka upgrade. Token Terminal has called this trend a ‘return to the mainnet.’ At the same time, there has been an outflow of liquidity from ‘add-ons.’

The adoption of cryptocurrencies by banks, large corporations and investment companies is no longer an ‘optional or peripheral’ process, notes auditing firm PwC in its report on global cryptocurrency regulation for 2026. ‘Institutional participation has passed the point of no return.’

DAT companies accumulating cryptocurrencies on their balance sheets will face ‘severe consolidation’ in the coming year — only a few of the largest players with Bitcoin and Ethereum on their balance sheets will survive, warns Pantera Capital. (FxPro)

News

Interventions spooked the dollar

Rumours of coordinated intervention caused the USD index to plummet.

The risk of a new shutdown is putting pressure on the greenback.

The US dollar started in the last week of January with a down gap amid investor fears of coordinated currency intervention. Japan's Deputy Finance Minister Atsushi Mimura said that the authorities would respond to speculative actions on the Forex in close cooperation with the US. In 1985, such cooperation ended in a spectacular collapse of the USD. Will we see history repeat itself?

Politics is encroaching on the economy. Donald Trump intends to use non-market methods to lower the key policy rate by replacing the Fed chair and filling the FOMC with doves. The US president has repeatedly spoken out in favour of a weaker currency, which would increase the competitiveness of American manufacturers. Tokyo's interest in strengthening the yen to lower import prices and slow inflation is being exploited by Washington for its own purposes.

Countries are forced to respond to the uncertainty of Donald Trump's policies and the associated slowdown in economic growth with fiscal stimulus measures. According to Apollo Global Management estimates, government support measures will accelerate GDP growth in the US and Germany by 1 percentage point in 2026 and in Japan by 0.5 percentage points. This leads to an increase in public debt. The Germans can afford this, which has a positive effect on the EURUSD.

Pressure on the US dollar has intensified due to the growing risks of another shutdown. Dissatisfied with the shootings in Minneapolis, Democrats are not going to vote for the government funding package without serious changes to the national security system. The government risks being sidelined again, which will negatively affect GDP growth. The same goes for the devastating winter storm, which could bring hardship to nearly 200 million Americans. Already, 11,900 flights have been cancelled at airports from Dallas to Boston, and about 900,000 consumers are without power.

In 2025, the US economy managed to withstand tariffs and the shutdown thanks to investments in artificial intelligence, productivity growth and the wealth effect. However, will it be resilient in 2026? If not, the US dollar risks weakening.

Gold was the main beneficiary of the fall in the USD index. Its price rose by 17% so far this year and is approaching $5,100 per ounce. (FxPro)

News

Jan 27

Gold and silver mania lifts ASX to 3-month peak

The Australian sharemarket climbed to a three-month high on Tuesday as investors returned from the long weekend to surging precious metal prices, looking past the noise of shifting US trade policies.

President Donald Trump said in a social media post that he will increase tariffs on South Korean goods, including autos, from 15 per cent to 25 per cent as he accused the ally’s legislature of “not living up” to its trade deal with Washington.

The S&P/ASX 200 Index gained 85.3 points, or 1 per cent, to 8945.40, rebounding from last week’s 0.5 per cent loss. If sustained, it would be the index’s biggest one-day rise this year.

Of the 11 sectors, nine were in the green, led by materials and energy.BHP leapt 2.9 per cent, regaining its position as Australia’s most valuable listed company for the first time in 18 months, unseating the Commonwealth Bank, which managed a modest 0.6 per cent gain.

Miners led the charge as gold and silver set fresh records. Bullion hit $US5100 an ounce, and silver topped $US114 on Monday. As a result, Horizon Minerals jumped nearly 8 per cent, Alkane Resources leapt 3.9 per cent, and Newmont rose 1.8 per cent.

Among silver mines, Investigator Silver and Silver Mines advanced 8.3 per cent each, while, Sun Silver pushed up 6 per cent.Elsewhere, Rio Tinto gained 2.2 per cent, and Capstone Copper was the biggest index gainer, up 8 per cent.

In the index-heavy financial area, all the big banks were in the green, led by Macquarie Group, up 2 per cent. National Australia Bank rose 1.3 per cent.

Family app Life360 and mining group Alcoa were the two biggest laggards, down more than 8 per cent.

In currencies, the Australian dollar climbed to US69.40¢, nearing its strongest level in three years, on growing expectations the Reserve Bank will lift the cash rate next month.

Higher borrowing costs would boost the appeal of Australian-denominated assets such as government bonds.

Also supporting the Aussie was a broadly weaker greenback on fears of a partial US government shutdown this week.

Republicans and Democrats are at odds over funding for the Department of Homeland Security after the fatal shooting of a second US citizen by federal immigration officers in Minnesota. (AFR) *full coverage via subscription to The Australian Financial Review

News

Jan 27

Stocks

Shares in DroneShield cratered 6 per cent despite doubling revenue in the December quarter, from a year ago.

Iron ore giant Fortescue Metals rose 1.3 per cent after sweeping up all remaining shares of dual-listed Alta Copper at $C1.40 ($1.47) per share, as the mining giant expands into the red metal.

Wholesaler company Metcash rallied 1.2 per cent following the appointment of Bruce Sabatta as the new chief executive of its food service and convenience business, from next month.

Brazil-focused explorer and producer Karoon Energy trimmed early gains and was trading flat despite posting a lower output in the December quarter, from the September period.

Jewellery retailer Michael Hill International jumped 4 per cent after reporting a stronger half-year profit than a year ago despite record gold prices.

Insurer group AUB was placed on a trading halt after launching a $400 million institutional placement to finance a UK acquisition.

Santos leapt 3.1 per cent on news it had finally shipped its first liquefied natural gas cargo from a delayed Barossa project in the Timor Sea.

Health tech group Cyclopharm soared 18 per cent after its lung imaging technology received a major endorsement from America’s top medical professionals.

News

Numbers Double Check

Australian Dollar: $0.6918 USD (up $0.0080 USD)
Iron Ore Feb Spot Price: $103.55 USD (down $0.10 USD) Oil Price): $60.58 USD (up $1.25 USD)
Gold Price: $5,036.89 USD (up $117.01 USD)
Copper Price: $5.9240 USD (up $0.1240 USD)
Dow Jones: 49,446.27 (up 347.56 points on Friday's close)

News/Profile

Wall Street

Physical Street and Landmark

Wall Street is an eight-block-long street in the Financial District of Lower Manhattan.

Location: It runs between Broadway and South Street, ending at the East River.

Key Landmarks: It is home to the New York Stock Exchange (NYSE) and Federal Hall National Memorial, where George Washington was inaugurated.

History: The name originates from a 17th-century defensive wall built by Dutch settlers to protect New Amsterdam from potential British or Native American attacks.

Financial Industry Metonym

The term is a metonym for the U.S. financial markets, including stock exchanges, investment banks, and brokerage firms.

Institutions: Major firms associated with Wall Street include JPMorgan Chase, Goldman Sachs, and Morgan Stanley.

Current Activity (January 2026):

As of January 24, 2026, markets have seen volatility following a week of "policy whiplash" related to international tariff threats. Recent trading shows the S&P 500 flat, while the Nasdaq has risen 0.3% despite a 17% tumble in Intel stock.

Media and Publications

The Wall Street Journal: A premier business-focused international newspaper headquartered in Midtown Manhattan.

Pop Culture: The street’s high-stakes culture has been immortalized in films like Oliver Stone’s Wall Street (1987) and Martin Scorsese’s The Wolf of Wall Street (2013).

News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch

Bulls vs Bears

Crypto King vs Mr World Bank

Citizens vs NWO

Neo vs Agent Smith

John McAfee vs You Know Who!

TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
White Light vs Dark Matter

News

Pop Culture

It’s All About the Money [”The Million Dollar Man” Ted DiBiase]

By Jimmy Hart & J.J. Maguire

Intro

(Money, money, money, money, money...)

[Verse 1]
(Money, money, money, money, money...)
Everybody's got a price
Everybody's gonna pay
(Money, money, money, money, money...)
Because the Million Dollar Man...
Always get his way
(Money, money, money, money, money...)

[Verse 2]
(Money, money, money, money, money...)
Some might cost a little
Some might cost a lot
(Money, money, money, money, money...)
But I'm the Million Dollar Man...
And you will be bought
(Money, money, money, money, money...)

[Outro]
(Money, money, money, money, money...)

News/Profile Flashback

Vinnie Vegas was a professional wrestling persona used by the actor and retired professional wrestler Kevin Nash from 1992 to 1993 in World Championship Wrestling (WCW). This gimmick was a wisecracking pseudo-mobster character, inspired by Steve Martin's character in the 1990 film My Blue Heaven.

Career Overview

WCW Debut: Kevin Nash was repackaged as Vinnie Vegas on January 21, 1992, at the event Clash of the Champions XVIII.

Stables and Tag Teams: He was initially part of a stable of large wrestlers called "A Half-Ton of Holy Hell," managed by Harley Race. Later, he joined the "Diamond Mine" stable led by Diamond Dallas Page, forming a tag team known as the Vegas Connection. Other stablemates included the future Scott Hall (Diamond Studd) and Raven (Scotty Flamingo).

Departure to WWF: The Vinnie Vegas character was not considered successful due to a lack of character development and inconsistent booking. Nash left WCW for the World Wrestling Federation (WWF, now WWE) in June 1993, where he achieved superstardom under the ring name Diesel.

Later Success: Nash later returned to WCW in 1996 and was a founding member of the influential New World Order (nWo) faction under his real name, Kevin Nash, and the nickname "Big Sexy".

News/Profile Flashback

Michael Wall Street

"Michael Wall Street" most commonly refers to Michael Wallstreet, a ring name used by professional wrestler Mike Rotunda (born 1958). It can also refer to Michael Douglas, the actor famous for portraying the corporate raider Gordon Gekko in the film Wall Street.

Professional Wrestling (Mike Rotunda)

Mike Rotunda adopted the persona of Michael Wallstreet (and later V.K. Wallstreet) in World Championship Wrestling (WCW) starting in 1990.

The Gimmick: A wealthy "financial wizard" from Lower Manhattan who used a computer (managed by Alexandra York) to predict the length and outcome of his matches.

Signature Moves: His finishing move was often called the "Stock Market Crash".

Notable Teams: He is also well-known for his time in the WWF as Irwin R. Schyster (I.R.S.), where he teamed with Ted DiBiase to form Money Inc..

Legacy: Rotunda was inducted into the WWE Hall of Fame Class of 2024 as part of The U.S. Express.

Film and Finance (Michael Douglas)

Gordon Gekko: Michael Douglas won the Academy Award for Best Actor for his role as Gordon Gekko in the 1987 film Wall Street.

Cultural Impact: The character became the archetypal symbol of 1980s corporate greed, famous for the line "Greed, for lack of a better word, is good".

Sequel: Douglas reprised the role in the 2010 sequel, Wall Street: Money Never Sleeps.

Current Status (2026)

Mike Rotunda: As of early 2026, Rotunda remains a respected veteran in the wrestling industry. Recent reports from late 2025 indicated he had been hospitalized for a serious heart condition but was moved to a rehabilitation center for recovery.

Michael Douglas: He continues to be active in the entertainment industry as an actor and producer.

Miners

Hancock Prospecting

Hancock Prospecting Pty Ltd is a privately owned Australian company primarily involved in the mining of iron ore and, increasingly, the agriculture sector. It is led by Executive Chairwoman Gina Rinehart, Australia's richest person.

Company Overview

Founded: 25 November 1955 by Lang Hancock.
Headquarters: Perth, Western Australia, Australia.

Ownership: The company is privately held, with Gina Rinehart owning the majority stake (76.6%).

Core Business: Hancock Prospecting has evolved from purely mineral exploration into a major producer, primarily in iron ore and agriculture, and is considered one of the most successful private mining companies in the world.

Major Projects and Investments

Hancock Prospecting has a diverse portfolio of major projects and strategic investments.

Roy Hill: This is a mega integrated iron ore mine, rail, and port project in the Pilbara region of Western Australia, which is Australia's largest single iron ore mine.

Hope Downs: A significant iron ore project operated as a 50/50 joint venture with Rio Tinto Iron Ore, which includes four open-pit mines.

Atlas Iron: Hancock Prospecting acquired Atlas Iron in 2018, which operates several iron ore mines including Mount Webber, Sanjiv Ridge, and Miralga Creek.

Agriculture: Through its agribusiness division, Hancock Prospecting is Australia's second-largest producer of beef with ownership interests in numerous cattle stations and a majority stake in S. Kidman & Co. It is also a 50% partner in the award-winning Bannister Downs Dairy.

Critical Minerals and Energy: The company has diversified its investments into other strategic commodities necessary for the "green transition", including stakes in publicly traded companies involved in:

Lithium: Investments in Australian firms like Liontown Resources and Azure Minerals, as well as Germany's Vulcan Energy Resources.

Rare Earths: Significant shareholdings in global rare earths producers such as US-based MP Materials and Australia's Lynas Rare Earths, as well as exploration-stage companies.

Copper, Coal, Oil and Gas: Exploration and production interests in these commodities across Australia and internationally, including projects in Ecuador, Canada, and the UK.

Pop Culture Flashback

Heart Of Gold
Song by Neil Young ? 1972

Lyrics

I want to live
I want to give
I've been a miner
For a heart of gold

It's these expressions
I never give
That keep me searching
For a heart of gold
And I'm getting old
Keep me searching
For a heart of gold
And I'm getting old

I've been to Hollywood
I've been to Redwood
I crossed the ocean
For a heart of gold

I've been in my mind
It's such a fine line
That keeps me searching
For a heart of gold
And I'm getting old
Keeps me searching
For a heart of gold
And I'm getting old
Keep me searching
For a heart of gold

You keep me searching
And I'm growing old
Keep me searching
For a heart of gold
I've been a miner
For a heart of gold

 

 

Markets, Cryptos And Culture

January 2026

Jan 22

Sydney to New York

Mining For Intel Edition

Deep Dive Into Markets, Streaming And Mining!

Biz And Culture!

ASX 200 futures up 52 points/0.6% to 8800
AUD +0.3% to US67.59¢

Bitcoin $89,703.60 +0.96%
Wall St:
Dow +1.4%
S&P +1.5%
Nasdaq +1.6%
VIX -3.42 to 16.67
Gold +0.4% to $US4782.53 an ounce
Brent oil +0.5% to $US65.24 a barrel
Iron ore -0.6% to $US103.30 a tonne
10-year yield: US 4.25% Australia 4.78%

News

The Lead Up

Jan 21

ASX 200 futures down 56 points/0.6% to 8732

AUD +0.3% to US67.34¢

Bitcoin $89,460.28 -3.32%

Wall St:

Dow -1.8%
S&P -2%
Nasdaq -2.3%
VIX +1.90 to 20.74
Gold +1.9% to $US4759.38 an ounce
Brent oil +0.7% to $US64.36 a barrel
Iron ore -0.4% to $US104.20 a tonne

10-year yield:
US 4.29%
Australia 4.78%

News

Jan 21

Trump jitters hit ASX as BHP, CBA sell off

The Australian sharemarket lost ground on Tuesday, with the S&P/ASX 200 shedding 0.7 per cent to close at 8,815.9 points amid the Trump administration's plans to impose tariffs on European nations that oppose his plans for Greenland. BHP was down two per cent at $47.78, the Commonwealth Bank fell 1.8 per cent to $150.48 and ARB Corporation ended the session 12 per cent lower at $28.42. However, Bellevue Gold rose five per cent to $1.78 and DroneShield was up 4.2 per cent at $4.75. (RMS)

News

Cryptocurrency

Bitcoin tumbles below $US90,000 Bitcoin slid to its lowest level in more than a week, tracking a sharp sell-off across global financial markets as investors continued to de-risk amid ongoing geopolitical tensions.The largest cryptocurrency fell below $US90,000 for the first time since January 9, moving in tandem with declines in equities, long-dated Treasuries and Japanese bonds as volatility rippled through debt markets.Small, less liquid tokens fell more, with Ether dropping more than 7 per cent and Solana slumping 5.3 per cent. Shares in crypto-linked stocks also slumped. Coinbase Global fell more than 5 per cent, while Bitcoin accumulator Strategy slumped near 10 per cent earlier.“Bitcoin’s sharp drop over the weekend mirrors a broader exodus from risk assets in traditional macro markets due to the White House’s threat of tariffs on European nations as well as geopolitical frictions over Greenland,” said Shiliang Tang, managing partner of Monarq Asset Management. “Gold and Silver’s rally as well as the dollar’s weakness all underscore this narrative of capital fleeing to safety triggered by aggressive US posturing.”

News

Gold And Silver/Markets

Gold rose past $US4700 an ounce to a record high, while silver also reached an all-time peak, as the standoff between the US and Europe over control of Greenland showed no sign of de-escalation. Markets are waiting for Europe’s response to Trump’s threat to impose tariffs on eight European nations that oppose his Greenland ambitions. The US Supreme Court once again didn’t issue a ruling on Trump’s country-specific tariffs.Elsewhere, a meltdown in Japanese government debt rippled through global bond markets, while a gauge of US dollar strength fell by the most in over a month. The US threat toward its NATO allies has rattled markets, adding renewed impetus to a record-breaking rally that lifted gold prices nearly 75 per cent over the past 12 months. Japanese Prime Minister Sanae Takaichi’s tax-cutting election pitch has highlighted the mounting sovereign debts among developed economies worldwide. High fiscal deficits have helped fuel bullion’s gains through 2025, as investors bet on inflation as the only path to solvency. A weaker dollar also makes commodities more affordable for buyers in other currencies. Investors are also watching for developments from Davos, where Trump said he will meet with several parties to discuss his plan to take control of the Danish territory. French President Emmanuel Macron intends to request activation of the European Union’s anti-coercion instrument, although German Chancellor Friedrich Merz said he’s trying to get him to tone down his response.

News

Trump, Crypto, Fintech

Trump family’s $10b fortune and crypto When Donald Trump was sworn in for his second presidential term, his trove of financial assets already differed from when he first took the oath of office. As he returned to power on a frigid day in January 2025, Trump had a social media company, a crypto platform he’d co-founded and even a new meme coin bearing his name — departures from the real estate projects and brand licensing deals that were long the main remit of the Trump Organisation. One year on, the universe of the Trump family’s wealth has expanded even further, touching industries including firearms, rare earth magnets, artificial intelligence and prediction markets. But the most notable change has been the growing concentration of the family’s net worth in cryptocurrencies: The Trumps have generated about $US1.4 billion ($2.1 billion) from crypto projects that are new to his second term, a Bloomberg analysis shows. These have gotten a boost from Trump’s own policies, as he has signed crypto legislation and appointed regulators who tossed out lawsuits against the industry.Despite the new projects, the family’s overall net worth looks remarkably similar to last year at $US6.8 billion ($10.1 billion), according to the Bloomberg Billionaires Index. Even as crypto made the Trumps richer, the gains were offset by the plunging value of his social media company, Trump Media & Technology Group Corp. Its shares are down 66 per cent over the past 12 months, despite efforts to diversify into finance, crypto and most recently, fusion power.The way the Trumps’ wealth is distributed now — particularly its concentration in virtual assets and public companies, some of which didn’t exist when he left office in 2021 — represents a sea change in how they’ll earn money for years to come. (BB)

News

Australia: Coal

Nation's largest coal-fired power plant closure delayed by two more years

Origin Energy has agreed to extend the operating life of its Eraring coal-fired power station for another two years. The ageing plant was initially slated to close in 2025, but Origin struck a deal with the NSW government to keep Eraring operating until 2027. CEO Frank Calabria says the decision to further extend Eraring's operational life until 2029 will allow for more time to develop renewable energy infrastructure. However, the decision has been criticised by environmental groups such as the Nature Conservation Council of NSW. (RMS)

News

Resources And Energy: Australia

Standoff with China buyer is hurting iron ore prices: BHP

BHP has advised that its iron ore division achieved an average realised price of $US84.71 per tonne in the December quarter. This is four per cent higher than the same period in 2024, although it represents a large discount to the benchmark price. BHP is continuing to hold talks with state-run iron ore trader China Mineral Resources Group on annual contract terms, and BHP has acknowledged that the long-running dispute has affected the price it receives for the iron ore it ships from the Pilbara. BHP has also advised that the first stage of its Jansen potash project in Canada is now expected to cost $US8.4bn ($12.5bn); this compares with a previous forecast of between $US7bn and $US7.4bn. (RMS)

Rio must buy Glencore whole: shareholders

Some of Glencore's biggest shareholders have stated that Rio Tinto must agree to buy the entire company rather than merely its most desirable assets, such as its copper and zinc mines. Rio Tinto is unlikely to want to retain Glencore's coal assets if the proposed merger goes ahead, given that it exited the sector about eight years ago. However, some Glencore shareholders have warned that they are unlikely to support Rio Tinto's bid if it seeks to 'cherry-pick' the company's assets. The investors also contend that Rio Tinto will need to offer a takeover premium if its management team led by CEO Simon Trott is to run the merged group. (RMS)

News

Culture/Sports

Tennis player play claim 'business, not greed'

The prize pool for this year's Australian Open is a record $111.5 million, with this year's men's and women's winners to receive $4.15 million, a 19 percent increase on last year. However, despite the increased prize pool, tennis players still believe the AO and the other grand slam events should be paying them more prize money, arguing they should get a bigger share of the enormous amount of revenue that the events generate. Alex de Minaur claims players are not being "greedy" in their push for a bigger slice of event revenue, while Daniil Medvedev says the players just want a percentage of revenue similar to other sports. (RMS)

News

Heavy Industry Awards

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Construction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

News

Gold Movie

Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.

Trailer

Gold (YouTube Movies and TV)
https://www.youtube.com/watch?v=yc0S96OZhi0

Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring Oscar® winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.

News

Streaming Wars

The "Streaming Wars" refers to the intense competition among digital media platforms to dominate the subscription video-on-demand (SVOD) market by capturing and retaining global audiences.

As of early 2026, the landscape has shifted from a period of rapid expansion into a phase of major consolidation and a focus on profitability over subscriber volume.

The "Winner" and Current State (2026)

Netflix Dominance: Industry analysts increasingly cite Netflix as the victor. In January 2026, Netflix reported 18% year-over-year revenue growth and is currently pursuing a high-stakes $83 billion all-cash acquisition of Warner Bros. Discovery’s studio and streaming assets (including HBO/Max).

The "Big 3": Despite fierce competition, the market is primarily dominated by Netflix, Amazon Prime Video, and Disney+.

YouTube's Rise: Some experts argue YouTube is the true winner of the broader attention economy, surpassing traditional streaming services in total viewership by pivoting back to user-generated content.

Key Strategies in 2026

Consolidation: Smaller or struggling services are being shuttered or merged. For example, Disney recently shut down Hulu as a standalone service.

Monetization Shifts: Platforms have moved away from "growth at all costs" to strategies like password-sharing crackdowns, ad-supported tiers, and price hikes.

Live Sports & Events: Services are increasingly bidding on live sports rights (e.g., Netflix hosting WWE's Raw starting in 2025) to differentiate their offerings.

Bundling: To combat "subscription fatigue," platforms are forming strategic partnerships with telecommunications companies and banks to offer bundled service hubs.

Consumer Impact

Price Hikes: Many consumers are canceling services due to rising costs; over 40% of Americans cited price as their primary reason for unsubscribing in late 2025.

Resurgence of Piracy: Fragmented content and high costs have led to a significant comeback for pirate sites, which some users now find more comprehensive than paid services.

"South Park: The Streaming Wars": The term was popularized in mainstream culture by a 2-part South Park special released on Paramount+ in 2022, which satirized the industry's aggressive competition.

News/Profile

Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd (HPPL) is a privately owned Australian mineral exploration and agriculture company headquartered in Perth, Western Australia. As of 2026, it is recognized as one of the most successful private companies in Australian history.

Leadership and Ownership

Executive Chairwoman: Gina Rinehart AO, who has led the company since 1992.

CEO: Garry Korte.

Ownership: The company is owned by Gina Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

Major Mining Operations

The company has transitioned from a prospecting firm into a major global miner, with primary interests in the Pilbara region:

Roy Hill: A flagship mega-project and Australia’s largest single iron ore mine, producing 60–70 million tonnes annually.

Hope Downs: A 50/50 joint venture with Rio Tinto, comprising four open-pit mines with a capacity of approximately 47Mtpa.

Atlas Iron: Acquired in 2018, it operates the Mount Webber, Sanjiv Ridge, and Miralga Creek mines.

Hancock Iron Ore: A new entity formed in July 2025 to consolidate Roy Hill and Atlas Iron operations.

Diversification and Strategic Investments

Under Rinehart’s leadership, the company has expanded significantly into other sectors:

Agriculture: Hancock is Australia's second-largest beef producer, owning over 25 properties including the iconic S. Kidman & Co. It also owns 50% of Bannister Downs Dairy.

Critical Minerals: Major stakes in lithium (Liontown Resources, Azure Minerals, Vulcan Energy) and rare earths (Arafura Rare Earths, MP Materials, Lynas Rare Earths).

Energy: Significant interests in oil and gas through Warrego Energy and Senex Energy.

International Ventures: In January 2026, the company signed a gold exploration license agreement with Saudi Arabia's state-owned miner, Ma’aden.

Current Events (January 2026)

Australia Day Sponsorship: The company is the principal partner for the 2026 Hancock Prospecting Australia Day celebrations in Perth.

Helipad Proposal: In December 2025, the City of Perth refused the company's proposal to build a helipad at its West Perth headquarters.

Financial Performance: For the 2025 fiscal year, the company reported a profit of AU$3.08 billion.

History

The company was founded on November 25, 1955, by Lang Hancock, who is credited with discovering the world's largest iron ore deposit in 1952. When Gina Rinehart took over following his death in 1992, the company was in a precarious financial state with significant debt.

News

Gold (1974)

Gold is a 1974 British action-thriller directed by Peter R. Hunt, starring Roger Moore and Susannah York. Based on the 1970 novel Gold Mine by Wilbur Smith, the film is set in the South African goldfields and follows a conspiracy by a global syndicate to manipulate the price of gold by sabotaging a rich mine.

Plot: Rod Slater (Moore), a newly appointed general manager, is manipulated by his boss, Manfred Steyner (Bradford Dillman), into drilling through a protective barrier into a subterranean lake. This is intended to flood the mine, causing a global gold shortage and driving up prices for a greedy cabal.

Production Controversy: The film was controversially shot on location in South Africa during the apartheid era. This led to a "black ban" by British film unions, though some crew members defied it to work on the production.

James Bond Connection: Many crew members were veterans of the James Bond franchise, including director Peter Hunt (On Her Majesty's Secret Service), editor John Glen, and title designer Maurice Binder.

Accolades: The film received an Academy Award nomination for Best Original Song for "Wherever Love Takes Me," composed by Elmer Bernstein and sung by Maureen McGovern.

Cast & Crew

Rod Slater: Roger Moore

Terry Steyner: Susannah York

Hurry Hirschfeld: Ray Milland

Manfred Steyner: Bradford Dillman

Farrell: John Gielgud

Director: Peter R. Hunt

Music: Elmer Bernstein

Availability in 2026

As of 2026, the film is available through several formats and platforms:

Streaming: Accessible on Prime Video, Tubi, and Roku devices.

Physical Media: High-definition restorations are available on Blu-ray and DVD from Kino Lorber and 88 Films

News

Pop Culture

"Gold" (Spandau Ballet)

"Gold" is a signature 1983 hit by the British New Romantic band Spandau Ballet, written by Gary Kemp.

Lyrics

Thank you for coming home I'm sorry that the chairs are all worn I left them here, I could have sworn These are my salad days Slowly being eaten away Just another play for today Oh, but I'm proud of you, but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

Thank you for coming home I'm sorry that the chairs are all worn I left them here I could have sworn

These are my salad days Slowly being eaten away Just another play for today Oh but I'm proud of you but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

Gold (gold)

Always believe in your soul You've got the power to know You're indestructible Always believe in

'Cause you are

Gold (gold)

Glad that you're bound to return There's something I could have learned You're indestructible Always believin'

Oh after the rush has gone I hope you find a little more time Remember we were partners in crime It's only two years ago

The man with the suit and the face You knew that he was there on the case Now he's in love with you he's in love with you

My love is like a high prison wall But you could leave me standing so tall

Gold (gold)

Always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are

Gold (gold)

Glad that you're bound to return There's something I could have learned You're indestructible Always believin'

My love is like a high prison wall And you could leave me standing so tall

Gold (gold)

Oh always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are

Gold (gold)

Glad that you're bound to return Something I could have learned You're indestructible Always believin'

Songwriter: Gary James Kemp

Spandau Ballet - Gold (HD Remastered)
https://www.youtube.com/watch?v=ntG50eXbBtc

Official video of Spandau Ballet performing 'Gold' from their 1983 third album 'True'.

Gary Kemp wrote both the music and lyrics; the song was produced by the partnership of Steve Jolley and Tony Swain. The music video was filmed on location in Carmona, Spain and directed by Brian Duffy. The video featured Sadie Frost as a gold-painted nymph, in one of her earlier roles. Some parts of the music video were also filmed in Leighton House, which was also used in the video for "Golden Brown" by The Stranglers.

Spandau Ballet are one of Britain’s great iconic bands having sold over 25 million records, scored numerous multi-platinum albums and amassed 23 hit singles across the globe since their humble beginnings as a group of friends with dreams of stardom in the late 1970s. It wasn’t long before they became fully-fledged members of the iconic Blitz Club scene and established themselves as one of the super-groups of the 80s.

The band's classic line-up features brothers Gary and Martin Kemp on guitars, vocalist Tony Hadley, saxophonist Steve Norman and drummer John Keeble.

Spandau Ballet’s hits include Gold, True, To Cut A Long Story Short, Through The Barricades and many more.

News

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award

Roy Morgan wins Media Man 'News Services Business Of The Month' award

Sky News Australia wins Media Man 'Australian Media Outlet Of The Month' award

News/Profile

Mad Men

Mad Men is a critically acclaimed American period drama series created by Matthew Weiner that aired on AMC from 2007 to 2015. Set primarily in the 1960s, the show centers on the high-pressure world of Madison Avenue advertising and the enigmatic personal and professional life of Don Draper (Jon Hamm), a talented creative director at the fictional Sterling Cooper agency.

Core Premise and Themes

The series explores the "Golden Age" of advertising, where image is everything and truth is often a secondary concern. It serves as a historical tour of 1960s America, depicting major cultural shifts including the Civil Rights Movement, the Cold War, and the changing roles of women in society.

Key themes include:

Identity and Secrets: Much of the plot revolves around characters—specifically Don Draper—hiding their true pasts while creating new personas.

Ambition and Power: The series tracks the cutthroat competition within the office and the rise of characters like Peggy Olson from secretary to head copywriter.

Social Change: It examines the sexism, racism, and shifting moral codes of the era with high attention to historical authenticity.

Main Cast and Characters

Don Draper (Jon Hamm): The mysterious, charismatic creative lead whose hidden past haunts his professional success.

Peggy Olson (Elisabeth Moss): A pioneering career woman who starts as Don's secretary and eventually becomes his intellectual equal.

Pete Campbell (Vincent Kartheiser): An ambitious, entitled young executive from a wealthy family who often clashes with Don.

Betty Draper/Francis (January Jones): Don’s wife, who struggles with the stifling expectations of being a 1960s suburban housewife.

Joan Holloway/Harris (Christina Hendricks): The savvy office manager who uses her intelligence and power to navigate the firm's gender dynamics.

Roger Sterling (John Slattery): A witty, hard-drinking founding partner of the agency and Don's mentor-figure.

Accolades and Legacy

Emmy Awards: Mad Men was the first basic cable series to win the Primetime Emmy for Outstanding Drama Series, a feat it accomplished for four consecutive years (2008–2011).

Critical Impact: It is widely regarded as one of the greatest television dramas of all time, ranked 6th by TV Guide and 7th by the Writers Guild of America on their respective "best of" lists.

Visual Style: The show is noted for its meticulous production design and costume work, which revitalized interest in mid-century modern aesthetics.

Where to Watch

As of early 2026, the series is available for streaming on platforms such as Netflix, Disney+, and AMC+, depending on your region.

Media Man: Strong thumbs up. Must watch for media execs and media/ad execs to be! Watch and learn (or unlearn)!!!

News

Silicon Valley

Silicon Valley refers primarily to a global center of high technology and innovation in the southern San Francisco Bay Area. It also commonly refers to the acclaimed HBO comedy series that satirizes this culture.

Silicon Valley

The Region

Location: Geographically, it encompasses Santa Clara County, southeastern San Mateo County, and parts of the East Bay, with San Jose serving as its largest city.
Origins: The name was coined in 1971 by journalist Don Hoefler, referring to the high concentration of silicon chip (semiconductor) manufacturers in the Santa Clara Valley.

Economic Impact: As of 2026, it remains the premier hub for venture capital, receiving approximately one-third to 40% of all U.S. venture investment.

Key Companies: It is headquarters to global giants including Apple (Cupertino), Google/Alphabet (Mountain View), Meta (Menlo Park), Intel (Santa Clara), and Nvidia.

Current Trends (2026): While still a dominant force, the region faces challenges such as extreme wealth inequality and a continued "wealth tax" flight where some billionaires and companies relocate to states like Texas.

The Television Series

Premise: A satirical comedy created by Mike Judge that follows Richard Hendricks and his startup, Pied Piper, as they navigate the absurdities of the tech industry.

Run: The show aired on HBO for six seasons from 2014 to 2019, totaling 53 episodes.

Cast: Stars included Thomas Middleditch, T.J. Miller, Kumail Nanjiani, Martin Starr, and Zach Woods.

 

 

 

Markets, Crypto and Culture

January 2026

Sin City Sydney, Australia to Wall Street, New York

Mining, Media and Intel

Digital Bush Telegraph

Jan 12

ASX futures up 12 points or 0.1%/8697
AUD flat at US66.94¢
Bitcoin $90,571.34 - 0.17%
Dow +0.5%
S&P +0.7%
Nasdaq +0.8%
Gold +0.7% to $US4509.50 an ounce
Brent oil +2.2% at $US63.34 a barrel
Iron ore +0.4% at $US108.30 a ton

Shares

Before The Bell

Media Man Favs

TKO Group Holdings Inc $199.63 -2.46 -1.22%
Netflix Inc $89.44 -1.09 -1.21%
Paramount Skydance Corp $12.06 -0.21 -1.71%
Tesla Inc $445.01 +9.21 +2.11%
Microsoft Corp $479.28 +1.17 +0.24%
Alphabet Inc Class A $328.57 +3.13 +0.96%

News

Numbers Double Check

Australian Dollar: $0.6671 USD (down $0.0022 USD)
Iron Ore Feb Spot Price: $108.30 USD (up $0.05 USD)
Oil Price: $59.12 USD (up $0.90 USD)
Gold Price: $4,509.20 USD (up $52.48 USD)
Copper Price: $5.8905 USD (up 0.0990 USD)
Dow Jones: 49,504.07 (up 237.96 points)

News Lead Up

Jan 10

ASX 200 futures up 29 points/0.3 per cent to 8714

AUD -0.1% to US66.90¢

Bitcoin $90,338.65 -0.95%

Wall St:
Dow +0.5%
S&P +0.7%
Nasdaq +0.8%
VIX -0.97 to 14.48
Gold +0.6% to $US4506.19 an ounce
Brent oil +1.7% to $US63.02 a barrel
Iron ore +0.4% to $US108.30 a ton

10-year yield:
US 4.17%
Australia 4.68%

News

Geopolitics will destroy the euro

EURUSD falls due to geopolitics and expectations of tariff removal

Gold returns to debasement trading

The US dollar continued its advance on Forex thanks to a new batch of strong macro statistics. Jobless claims rose less than expected. Productivity rose to a two-year high, and the US trade deficit unexpectedly narrowed to its lowest level since 2009. Donald Trump's plan to balance foreign trade with import tariffs is working. However, the Supreme Court may rule the tariffs illegal by the end of the week on 9 January. The cancellation of import duties would return funds to American companies and households, which have largely absorbed the cost of tariffs that previously weighed on economic growth. The US economy has continued to expand, supported by investment in artificial intelligence, rising productivity, and the wealth effect created by record equity markets that have boosted household prosperity. The return of tariff revenues would effectively act as a fiscal stimulus, increasing disposable income and corporate cash flow. As a result, GDP growth and inflationary pressures are likely to accelerate. This combination will create another barrier to lowering the federal funds rate. Stephen Miron's calls to cut it by 150 basis points in 2026 seem like a voice crying in the wilderness. Most FOMC members understand perfectly well what the return of money from tariffs could lead to. The hawks will gain a strong trump card, the pause in the monetary expansion cycle will be prolonged, and the US dollar will benefit from this. Rumours of additional sanctions against Russia are putting pressure on the EURUSD. Diplomatic efforts to bring peace to Ukraine are not yielding results, and the continuation of the armed conflict will continue to hold back the eurozone economy. Events in Venezuela and talk of Greenland joining the US are increasing geopolitical tensions. According to ECB Vice-President Luis Guindos, this could hurt business, and increased household savings will slow GDP growth. Despite the strengthening of the US dollar, gold has managed to counterattack. The precious metal is able to benefit from the Supreme Court's repeal of tariffs. The return of money will lead to an increase in the US budget deficit and public debt. These processes underlie debasement trading. In 2025, it became one of the key drivers of the 65% rally in XAUUSD. (FxPro)

News

From gold to crypto, fundies name their top trades for 2026

It’s not all about gold in 2026 as investors reveal their high-conviction plays across the ASX, commodities, currencies and bitcoin.

Jan 7

Investors have headed into the new year convinced that the roaring bull market in safe havens like gold and silver will not be the only game in town for making money.

While the record run for gold is expected to hold its ground, fund managers and strategists say the road map for financial markets will start to broaden into slightly more adventurous territory.

After 12 months of the ASX struggling to keep pace with its international peers and the stubborn weakness in the Australian dollar, bitcoin is among the assets tipped to make a comeback.

The market is expected to shift its focus towards the changing of the guard at the US Federal Reserve and the path of global interest rates.

Against this backdrop, here are some of the top trades that professional investors have made across asset classes for 2026.

Commodities
Geologist turned fund manager Rick Squire at Acorn Capital says the multi-year rally in gold will continue, but he is betting that producers of the yellow metal and businesses with advanced development projects like Golden Horse Minerals and Rox Resources will be the biggest winners.

“The best gains will come from developers or companies starting up new operations,” he says. “Explorers may also start to run, but that will be in late 2026 or later.”

Argonaut’s David Franklyn is the most bullish on uranium as major global economies look to nuclear energy as a component of their base load power.

Perennial’s resource specialist Sam Berridge agrees, adding that uranium could be the next critical mineral that the US backs as a means of spurring investment in domestic supply.

“The nuclear renaissance 2.0 accelerated materially into the close of 2025,” Berridge says.

In a more contrarian pick, Richard Morrow, who runs the Lowell Resources Fund, believes oil will shrug off concerns about oversupply and bounce back as the US dollar continues to soften. Brent prices lost 16 per cent last year because of a global supply glut.

Stocks
While the broader sharemarket is tipped to grind higher in 2026, Australian Ethical head of Australian equities Nathan Parkin says some of the best opportunities are in building materials, particularly companies with meaningful US exposure such as Reece.

While the stock declined into the back half of 2025, causing it to slip out of the ASX 100, Parkin believes Reece’s earnings have finally bottomed. “The propensity for those earnings is to be sharply higher in the next few years,” he says.

Parkin also likes Reliance Worldwide, describing its focus more on home repair and maintenance rather than new builds that is still leveraged to a recovery in building demand.

Aaron Binsted of Lazard Asset Management, meanwhile, says he has shifted his focus to more long-term bets for 2026 and is betting on logistics and moving away from the local tech sector.

His top picks are New Zealand-based Mainfreight and Freightways.

“As the economy turns, we’re expecting those to be good long-term earnings per share and dividend growers,” Binsted says.

For Morningstar director of equity research Johannes Faul, the best opportunities are in the smaller retailers – specifically fast food and footwear. Faul says that stocks such as Domino’s Pizza have been unfairly beaten down, creating attractive entry points.

He’s also backing Accent Group, the firm behind several shoe retailers including Hype and Platypus. He says the company’s recent share price slump is “overdone” that has left the stock trading at a deep discount.

Foreign exchange
Currency strategists are betting on a stronger Australian dollar as the Reserve Bank of Australia keeps interest rates high, while other central banks like in Europe and the US look to cut.

Alvise Marino of UBS favours the Aussie against the euro as the German economy falters. He says Australia’s lower debt and higher rates make it the safer bet. “The Aussie is likely to retain an interest rate advantage,” he adds.

The strategist has forecast the euro to drop to $1.70 by late 2026, from $1.75 currently.

Westpac’s Richard Franulovich and NAB’s Ray Attrill, meanwhile, are backing the Aussie against the US dollar. They expect a “diverging” rate path with the Fed to cut the benchmark while the RBA could look to hike.

Attrill adds that a new and likely more “dovish” head of the Fed when chairman Jerome Powell steps down in May will provide an extra tailwind.

Cryptocurrency
In the world of digital assets, Merkle Tree Capital chief investment officer Ryan McMillin is expecting bitcoin to rebound later in the year as the Trump administration “runs the economy hot” heading into the midterm elections.

While bond markets imply at least two US rate cuts in 2026, McMillin is expecting even more easing to be priced once US President Donald Trump names the new Fed chief.

“We see 2026 as a year where market structure and macro finally catch up with the underlying progress,” he says. “Bitcoin to new all-time highs in the second half … led by institutional flows rather than retail leverage.”

Crypto exchange giant Coinbase believes bitcoin will lead a digital rally in the first half before smaller alt-coins play catch up later in the year.

Global head of institutional research David Duong notes that there is $US7.5 trillion ($11.2 trillion) sitting in US money market funds which will be partially redeployed into crypto markets as the Fed cuts rates.

Citi forecasts bitcoin will soar to a record $US143,000 this year, up from about $US93,747 currently, and ethereum will climb to $US4304, up from $US3224, driven by a rebound in demand for exchange-traded funds.

Fixed income
Matthew Wacher, Morningstar’s chief investment officer for Asia-Pacific, likes Australian 10-year government bonds. He argues that with yields of about 4.8 per cent, the bonds offer a better balance of reward and safety than riskier corporate loans or US debt.

“The safety of Aussie government bonds and such yields are pretty attractive. They can give your portfolio a lot of protection,” he says, noting they currently offer the best “risk-adjusted” returns for the year ahead.

Australia is one of only nine countries with a top-notch triple-A rating by the top three rating agencies.

In addition to Australian government bonds, Tim Hext at Pendal is also bullish on gilts, adding that he likes how both Australia and the UK governments are managing their budgets. “At the end of the day, fiscal policy matters more than monetary policy,” he says.

While the United States and Germany continue to spend freely, he says Australia and the UK are cutting public spending or raising taxes. It’s for this reason Hext is betting against US and German government bonds and expects both to perform poorly by comparison. (AFR) *Full article and coverage via subscription to The Australian Financial Review

News

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award

News Lead Up

24 Hours ago

Jan 9

ASX 200 futures up 26 points/0.3 per cent to 8716

AUD -0.4% to US66.95¢

Bitcoin $91,020.37 -0.34%

Wall St:
Dow +0.5%
S&P -0.1%
Nasdaq -0.6%

VIX +0.19 to 15.57

Gold +0.1% to $US4459.27 an ounce
Brent oil +4.3% to $US62.55 a barrel
Iron ore -0.7% to $US108.25 a tonne
10-year yield: US 4.18% Australia 4.66%

News

Crypto fails to find support for a breakout

Market Overview

The crypto market remained under pressure throughout Wednesday and early trading on Thursday, losing about 4% of its capitalisation to $3.08 trillion over the day. The market once again confirmed its cautious sentiment, retreating from the upper boundary of the consolidation range of the last eight weeks. The retreat of the stock markets created an unfavourable backdrop, and cryptocurrencies were unable to move from a rebound mode after the decline to a full-fledged recovery.

Bitcoin plunged below $90K on Thursday morning after bears seized the initiative at the end of the day on 5 January. At its lowest point, BTC approached the 50-day moving average, above which it climbed at the start of the year. The end of the week will bring an answer to the question of whether this curve has become a support level or whether we saw a false breakout at the start of the year.

News Background

Bitcoin could reach a new all-time high this year, said Bill Miller, investment director at Miller Value Partners. According to him, major Wall Street players are once again showing interest in the asset.

Institutional investors are again buying more Bitcoin through ETFs than miners are mining per day, notes analyst Charles Edwards. On-chain demand is still weak, but there are signs of a return of liquidity on Binance.

The main catalyst for Ethereum's growth in the new year will be crypto neobanks, not speculative traders, according to http://Ether.fi. Such platforms are capable of attracting many more crypto users than spot ETFs.

On 7 January, Ethereum developers implemented the Blob Parameter-Only (BPO) fork on the main network, which increases the BLOB object limit from 15 to 21. This will allow more transactions to be processed simultaneously, increasing the efficiency of the blockchain without the direct risk of overload.

Ripple has announced that it has no plans to go public, despite Wall Street's $40 billion valuation. Ripple's strong institutional support and overall treasury size have virtually eliminated the need for additional funding.

Privacy is a critical feature necessary for the development of global finance on the blockchain, which is why it will become a major focus in the crypto industry in 2026, according to a16z crypto. (FxPro)

News

Numbers Double Check

Australian Dollar: $0.6693 USD (down $0.0027 USD) Iron Ore: $108.25 USD (down $0.75 USD)
Oil Price : $58.22 USD (up $2.02 USD)
Gold Price: $4,456.72 USD (down $0.58 USD)
Copper Price: $5.7915 USD (down 0.0565 USD)
Dow Jones: 49,235.09 (up 239.01 points)

Media Man Favs

TKO Group Holdings Inc $202.09 -0.85 -0.42%

Tesla Inc $435.80 +4.39 +1.02%

Rio Tinto Ltd $144.53 -8.10 -5.31% (ASX)

Netflix Inc $90.53 -0.19 -0.21%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.45 -0.020 -0.45%

Mercedes Benz Group ADR $17.42 -0.11 - 0.63%

Volvo ADR (Parent of Mack Trucks) $33.31 -0.100 -0.30%

Microsoft Corp $478.11 -5.36 -1.11%

Wynn Resorts Ltd $118.27 +1.90 +1.63%

MGM Resorts International $35.15 +1.03 +3.03%

News

Australia

Jan 9

ASX gains on tech and health; Ansell dives 6pc

The Australian sharemarket posted a modest gain on Thursday, with the S&P/ASX 200 adding 0.3 per cent to close at 8,72.8 points. WiseTech Global was up 2.2 per cent at $68.28, CSL advanced 2.6 per cent to $174.45 and Monadelphous Group finished 2.2 per cent higher at $27.37. However, BHP fell 0.8 per cent to end the session at $47.34, Beach Energy was down 1.4 per cent at $1.07 and takeover target BlueScope Steel shed 1.6 per cent to close at $29.40. (RMS)

News

Employment Hero settles with rival Seek

Human resources technology company Employment Hero has dropped its legal action against recruitment firm Seek, which is both an investor in Employment Hero and a rival. Employment Hero launched its action after Seek cut off access to its application program interface (API), which is a tool that permits companies such as Employment Hero to directly post job ads to Seek and to manage job candidate applications. Employment Hero had claimed that Seek's action amounted to anti-competitive conduct, but the two firms have advised that the matter has been resolved. Employment Hero's access to Seek's API will be permanently reinstated, and a three-week hearing scheduled for September will not go ahead. (RMS)

News

Nvidia's platform to slash AI costs

Nvidia CEO Jensen Huang has used the CES, the world's biggest consumer electronics show in Las Vegas, to announce the release of a new hardware platform. Known as Rubin, it promises to reduce the cost of operating large scale artificial intelligence models by 90 per cent, while Huang also announced that Nvidia has entered into a partnership with Mercedes to create the world's first ‘thinking' and 'reasoning' car; he says Nvidia's vision is that every car and truck will be autonomous at some stage in the future (RMS)

News

Sports

As Aussies seal Ashes victory, economists hit Bazball for six

England's aggressive batting style known as 'Bazball' is under renewed scrutiny after losing the 2025-26 Ashes series 4-1. E61 Institute economists Adit Maitra and Matthew Maltman have analysed England's performance in Test matches since Bazball was introduced by incoming team coach Brendon McCullum in 2022. They found that England had initial success, winning 13 Tests during the first 18 months of the Bazball era; the team lost four matches and just one resulted in a draw. However, England's win rate has fallen sharply since the 2023 Ashes series, as opposing teams have adjusted their own playing style in response to the Bazball tactics; it should also be noted that England did not tour Australia or India - two of the highest-rated Test nations - during the initial phase of the Bazball era. (RMS)

News

Resources/Energy

Defence demand tipped to boost copper stampede

S&P Global has forecast that worldwide demand for copper will top 42 million tonnes by 2040, compared with 28 million tonnes in 2025. However, the firm warns that the demand-supply deficit could reach 10 million by 2040 unless there is a big increase in copper production. Carlos Pascual from S&P Global emphasises that copper supply is now a national security issue, given its importance to industries such as defence and artificial intelligence, and the fact that copper processing is now dominated by China. BHP, Rio Tinto and Fortescue are amongst the big miners that are ramping up their exposure to copper. (RMS)

News

'Like a sauna': World's hottest location

While 40-degree temperatures in Victoria this week amounted to a near record for that state, such temperatures are commonplace in Western Australia's Pilbara region. It is home to much of WA's $150 billion resources sector, but extreme heat there is becoming a material risk and is forcing mining companies to put in measures to protect their assets and their workforces. Dee Egan, who is a resident of the Pilbara town of Onslow, which has endured 45-degree heat for the better part of the past week, says living there feels like you are in a sauna all day. (RMS)

News

Oil stocks are cheap for a reason

Shares in Woodside Energy, Santos and Beach Energy have fallen in value by between eight per cent and 44 per cent over the last five years. In contrast, shares in the world's biggest oil companies have risen by up to 161 per cent over this period. Sharemarket experts contend that there are a number of reasons why Australian oil producers are trading at a discount; they include government policy headwinds and the fact that takeover bids are unlikely, as well as company-specific issues. Meanwhile, analysts say the Trump administation's military action in Venezuela is likely to drive the crude oil price lower, while rebuilding the nation's oil industry is expected to take years. (RMS)

News

Jan 8

ASX miner cheers Trump's 'involvement' in Greenland

Energy Transition Minerals' MD Daniel Mamadou contends that the potential for increased US involvement in Greenland is a "positive", and that it will benefit companies which operate in the Danish self-governed territory. Energy Transition Minerals is engaged in a long-running dispute with the Greenland government over its Kvanefjeld rare earths project; the deposit also contains uranium, and the government banned uranium mining in 2021. Kvanefjeld is estimated to contain up to one billion tonnes of rare earth minerals, including terbium. Energy Transition Minerals' share price rose 44.9 per cent to $0.145 on Wednesday. (RMS)

News

Nickel price offers respite for last few Australian mines

The price of nickel has risen to $US18,785 per tonne in London trading, which is its highest level since October 2024. The rally follows Vale's decision to suspend nickel production in Indonesia until the nation's government approves its annual production plan. Meanwhile, Fitch Ratings subsidiary BMI has downgraded its nickel price forecast for 2026 due to expectations that the global surplus will rise; the firm now expects the nickel price to average $US15,000 per tonne. However, BMI is upbeat about the longer-term price outlook, contending that rising demand for nickel will reduce the glut. (Roy Morgan Summary)

News

The Lead Up

January 8, 2026

Sydney, Australia to Wall Street, New York

ASX 200 futures down 4 points/0.1%: 8680
AUD -0.2% to US67.27¢
BTC $91,005.03 -1.57%

Wall St:
Dow -0.7% S&P -0.2% NAS +0.3%
VIX +0.24 to 14.99
Gold -0.8% to $US4457.23 an oz
Oil -0.9% to $US60.16 a b
Iron ore +2.4% to $US109.00 a ton

10-yr yield:
US 4.13%
AUS 4.76%

News lead Up

NYSE: News

On January 7, markets were mixed with some retreat from records as momentum cooled, but no major downturn reported.

Markets showed strength early in 2026, driven by AI optimism, chip sector gains, and positive sentiment around technology.

Latest Closes (January 6-7, 2026 session data)

Dow Jones Industrial Average (DJIA): Closed at a record 49,462.08 (up ~0.99% on January 6), briefly surpassing 49,000 for the first time before minor pullback.

S&P 500: Closed at a record 6,944.82 (up ~0.62% on January 6), with intraday highs on January 7.

Nasdaq Composite: ~23,547.17 (up ~0.65% on January 6).

NYSE Composite Index: ~22,570.82 (up ~0.62% on January 6). Key Drivers:

Semiconductor and AI-related stocks (e.g., Nvidia commentary at CES 2026, memory/storage chipmakers hitting records).

Broader market optimism despite geopolitical headlines (e.g., Venezuela developments affecting oil).
Early 2026 gains built on strong 2025 performance, with chip indexes up significantly year-to-date. (Grok)

News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia

 

 

 

 

Markets, Crypto And Culture

January 2026

Jan 7

Sydney, Australia

Mood: Bullish

AUD +0.3% to US67.34¢
Bitcoin $93,010.79 +1.21%

Wall Street: By Mr Wolf

Dow +1.1%
S&P +0.6%
Nasdaq +0.6%
VIX -0.19 to 14.71
Gold +0.7% to $US4481.38 an ounce
Brent oil -1.9% to $US60.61 a barrel
Iron ore +0.7% to $US106.55 a ton

10-year yield:
US 4.17%
Australia 4.79%

News

Numbers/Data Double Check

Australian Dollar: $0.6730 USD (up $0.0015 USD)
Iron Ore: $106.55 USD (up $0.75 USD)
Oil Price: $56.89 USD (down $1.41 USD)
Gold Price: $4,484.96 USD (up $44.37 USD)
Copper Price: $6.0535 USD (up 0.0515 USD)
Dow Jones: 49,487.98 (up 510.80 points)

The Lead Up

Jan 6

Sydney, Australia to Wall Street, New York, USA

Bullish Today

ASX 200 futures up 30 points/0.3 percent to 8746
AUD +0.3% to US67.17¢

Bitcoin $94,149.31 +3.17%

Wall St:

Dow +1.4%
S&P +0.7%
Nasdaq +0.7%
VIX +0.46 to 14.97
Gold +2.6% to $US4445.21 an ounce
Brent oil +1.7% to $US61.77 a barrel
Iron ore +0.4% to $US105.80 a ton

10-year yield:
US 4.16%
Australia 4.79%

News

Double Check On Numbers

Australian Dollar: $0.6715 USD (up $0.0029 USD) Iron Ore: $105.80 USD (up $0.40 USD) Oil Price: $58.30 USD (up $0.98 USD) Gold Price: $4,440.59 USD (up $108.23 USD) Copper Price: $6.0020 USD (up 0.3040 USD) Dow Jones: 49,102.86 (up 720.47 points)

News

ASX swings as mining rally offsets tech drop

The Australian sharemarket posted a slight gain on Monday, with the S&P/ASX 200 adding 0.0092 per cent to close at 8,728.6 points. BHP was up 1.6 per cent at $46.48, Paladin Energy advanced 7.1 per cent to $10.85 and Northern Star Resources ended the session 2.1 per cent higher at $24.95. However, Beach Energy was down 2.1 per cent at $1.14 and Zip Co fell 5.7 per cent to $3.16. (RMS)

News

Mining
Australia

Geologists uncover Earth's largest iron ore deposit ever recorded, worth $5.7 trillion

It was previously thought that the Pilbara Craton's iron ore bodies were formed at least two billion years ago. However, new dating techniques applied at key sites in the Hamersley Basin have concluded that these ore bodies were formed between 1.4 and 1.1 billion years ago; the new age range has been confirmed across multiple ore bodies in the region. The research has also found that the Pilbara Craton may contain about 55 billion metric tonnes of ore; this would be worth more than $5.7trn based on the current price of iron ore. (RMS)

News

Bullish start to the year in crypto

Market Overview

The cryptocurrency market added 3.6% to its capitalisation over the past seven days and approximately 0.6% in 24 hours, reaching $3.14 trillion.

At the start of trading on Monday, there was a slight decline to $3.18 trillion, but a return to monthly highs attracted local buyers. Active growth since the beginning of the year has not only pushed the market away from the ‘bottom’ where prices had been hovering for two weeks prior, but also ensured a break above the 50-day moving average, which we have not seen in almost three months. In the near term, we are closely monitoring the market’s attempts to consolidate at $3.20T. An increase in selling will confirm the shift to a bear market. The ability to grow will indicate the end of a long and relatively deep correction, setting the stage for a rapid approach to highs above $4T. By default, we are in favour of a bearish scenario until proven otherwise.

Bitcoin surpassed the $92K mark, marking its fifth consecutive daily growth candle today and reaching its highest level since December 12th. Last month, market participants actively sold off the first cryptocurrency in the $92–95K range, halting attempts to form a rebound after the October-November sell-off. Has the market changed during this time? It is unlikely that it has become stronger, with no prospects for accelerated economic growth or more dovish monetary policy sentiment.

News Background

Retail investors actively bought Bitcoin in the second half of last year, while large players were passive or took profits at October highs. Santiment calls this dynamic alarming. At the same time, there has been a decline in interest in the asset in the media and on social networks.

In December, large holders sold 20,000 BTC. However, the volume of leveraged positions grew by $2.4 billion, despite a 40% decline in trading activity, notes analyst Crazzyblockk. The current market situation does not signal that the bottom has been reached.

Long-term Bitcoin holders have stopped selling for the first time since July, according to VanEck. The current sideways movement of Bitcoin against the backdrop of record growth in gold and silver is comparable to the ‘calm before the storm,’ which is usually followed by a rally in the crypto market, a Bull Theory analyst hopes.

According to Lookonchain, an investor with $11 billion in assets has opened long positions on futures for the three leading cryptocurrencies worth $749 million. In October, he correctly predicted the market crash.

In the near future, Bitcoin and Ethereum are expected to receive a significant influx of capital due to the end of the rally in the precious metals market, according to Garrett Jean, former CEO of the now-defunct BitForex exchange.

According to Etherscan, the Ethereum network set a new record of 2.2 million transactions processed per day. Transaction costs fell to historic lows ($0.17).

Bitcoin has now turned 17. The anonymous creator of Bitcoin, under the pseudonym Satoshi Nakamoto, launched the network for the first cryptocurrency on January 3rd 2009. It was on this day that the very first block in the network was created, known as the genesis block, which contained 50 BTC. (FxPro)

News

Forex runs to safe havens

Growing political risks in Britain are putting pressure on European currencies

Geopolitics are reviving investor interest in gold The rise in geopolitical risks against the backdrop of the kidnapping of Venezuelan President Nicolas Maduro by the US has increased demand for the US dollar as a safe-haven currency. Coupled with expectations of a prolonged pause in the Fed's monetary expansion cycle and political turmoil in Europe, this has allowed EURUSD bears to mount a counterattack and push the pair below 1.17. The futures market estimates the chances of a cut in the federal funds rate at the January FOMC meeting at 17% and 48% at the March meeting. The Fed intends to sit on the sidelines until at least spring. This plays into the hands of the US dollar. It is strengthening against major world currencies amid a wide spread between US bonds and their European and Asian counterparts. Moreover, there are signs of trouble brewing in Europe. Keir Starmer's approval rating has fallen to its lowest level among all British prime ministers in the last half-century. It is worse than that of Liz Truss, who is known for her quick resignation due to turmoil in the financial markets. As a result, the Labour Party is discussing a change of leader. Keir Starmer warns that his removal from power will plunge the country into complete political chaos and open the door to Nigel Farage, who is leading in the polls, for a new prime minister. The rise in political risks in Britain is putting pressure not only on the pound but also on other European currencies. Following GBPUSD, EURUSD is falling off a cliff. Politics and geopolitics are forcing investors to seek safe havens. The best option appears to be gold, which shone in 2025. The precious metal managed to rebound from local lows thanks to a spectacular operation by US special forces in Venezuela. Investors successfully bought up the dip in the XAUUSD pair. However, the market may quickly come to the conclusion that events in Latin America will have a muted impact on both the global economy and oil. Venezuela, with its production falling from 3.5 million bpd in the 1970s to 1 million bpd today, is only the 18th largest producer of black gold in the world. If investors decide that the regime change in Caracas will not lead to turmoil, they will dump safe-haven assets. At the same time, pressure on gold may come from the strengthening of the US dollar amid a prolonged pause in the Fed's cycle of monetary policy easing. The Australian dollar appears to be the favourite thanks to expectations of a key rate hike by the Reserve Bank and the Chinese economy's adaptation to US tariffs. (FxPro)

News

Media Man Favs

Jan 5 towards Jan 6

TKO $203.72 -3.11 -1.50%

Alphabet Inc Class A $316.21 +1.06 +0.34%

Netflix Inc $91.47 +0.48 +0.52%

Paramount Skydance Corp $13.00 -0.19 -1.40%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.57 -0.11 -2.35%

Mercedes Benz Group ADR $17.68 -0.38 -2.10%

Formula One Group Series A $90.10 +1.03 +1.16%

Caterpillar Inc $616.86 +18.48 +3.09%

Volvo ADR (Owner of Mack Trucks) $32.64 +0.30 +0.92%

Tesla $451.67 +13.60 +3.10%

Microsoft Corp $472.85 -0.090 -0.019%

Mineral Resources Ltd $55.81 +0.37 +0.67% (ASX)

Rio Tinto Ltd $149.59 +1.90 +1.29% (ASX)

BHP Group Ltd $46.48 +0.72 +1.57% (ASX)

The Lead Up

Jan 5

Sydney, Australia

ASX futures up 11 points/ 0.1%: 8718
AUD +0.3% at US66.93¢
Bitcoin $91,320.85 +0.79%
Dow +0.7% S&P +0.2%
NAS flat
Gold +0.3% to $US4332.29 an ounce
Brent oil -0.2% at $US60.75 a barrel
Iron ore +0.3% at $US105.40 a ton

News

Double Check On Numbers

Australian Dollar: $0.6686 USD (up $0.0016 USD)
Iron Ore: $105.40 USD (up $US1.40 USD)
Oil Price: $57.32 USD (down $0.10 USD)
Gold Price: $4,332.36 USD (up $6.92 USD)
Copper Price: $5.6980 USD (up 0.0040 USD)
Dow Jones: 48,382.39 (up 319.10 points)

News

Australia/ASX

ASX to grind higher as rate talk dominates

Future pricing on Friday night suggested that Australian equities will gain around 0.1 per cent when the market opens on Monday. Stephen Miller from GSFM expects equity markets to 'grind' slightly higher in 2026; he adds that there will eventually be a correction, but contends that the US military operation in Venezuela is unlikely to provide the catalyst for a major pullback. Meanwhile, the upcoming release of Australia's monthly CPI data for November will be a key focus for local investors in the coming week, and may influence the Reserve Bank's interest rate decision in February. The S&P/ASX 200 rose 0.15 per cent to 8,727.8 points on Friday. (RMS)

News

Paspaley family's hospitality pivot as pearling profits lose their lustre

Filings with the corporate regulator show profits at Pearl Corporation of Australia were at $13.5 million in the 12 months to 30 June, down from $27.8 million a year earlier. The Pearl Corporation of Australia is one of the major vehicles of the Paspaley family, one of Australia's most noted pearling dynasties. With an estimated fortune of $1.52 billion, the family has been moving away from its historical roots towards hotels and luxury cruising operations, as pearl sales take a hit. (RMS/AFR)

News

Curious case of Fortescue's copper target

Iron ore miner Fortescue is set to acquire Alta Copper in a deal worth more than $151 million, with Fortescue having held a stake of almost 20 per cent in the South American explorer for almost six years. By the time it announced its bid for Alta in December, Fortescue had lifted its stake to nearly 36 per cent, while disclosures made by Alta to the Toronto Stock Exchange in the last few days before Christmas show that Fortescue had made three prior overtures to acquire the company over the past four years. (RMS)

News

Snapshot/Profile: TKO Group

TKO is a media and live event company that owns the popular WWE and UFC brands. The company’s third-quarter fiscal 2025 earnings report showed revenue of $1.12 billion, adjusted EBITDA of $360 million (with a 32% margin), and increased full-year guidance to an upward range of $4.72 billion and $1.58 billion for revenue and adjusted EBITDA, respectively.

It’s no wonder TKO shares are up 53% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are betting heavily on the stock.

TKO Group Draws Institutional Interest

Institutional volumes reveal plenty. In the last year, TKO has enjoyed strong investor demand, which we believe to be institutional support.

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with TKO Group.

TKO Group Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, TKO has had strong sales growth:

1-year sales growth rate (+67.4%)

3-year sales growth rate (+38.3%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +155.8%.

Now it makes sense why the stock has been generating Big Money interest. TKO has a track record of strong financial performance.

TKO Group Price Prediction

The TKO action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

News

NYSE

The New York Stock Exchange (NYSE) and broader US markets are open today (Monday, January 5, 2026) for regular trading hours (9:30 a.m. to 4:00 p.m. ET).

This is the second full trading week of the year, following the New Year's holiday closure on January 1 and the first trading session on January 2.

Recent Market Performance

The first trading day of 2026 (Friday, January 2) saw mixed but mostly positive results:S&P 500: Closed slightly higher (up ~0.19% to around 6,858), supported by gains in semiconductors.

Dow Jones Industrial Average: Ended higher, snapping a prior losing streak, with boosts from chips (e.g., Nvidia, Intel) and industrials like Boeing.

Nasdaq Composite: Closed nearly flat (down ~0.03%), despite intraday gains in tech.

Advancers outnumbered decliners on the NYSE, with semiconductor stocks rallying (Philadelphia Semiconductor Index up ~4%).

Notable movers included furniture retailers (e.g., Wayfair +6%, RH +8%) after delayed tariff hikes on certain categories.

Key Context and Outlook for 2026

2025 was a strong year: S&P 500 up ~16-17%, Nasdaq ~21%, Dow ~14% — marking three consecutive years of double-digit gains.

Wall Street analysts are optimistic for 2026, with average S&P 500 year-end targets around 7,600–8,000 (implying 11–16% upside).

Expectations include continued AI-driven growth, potential Fed rate cuts (possibly more dovish under new leadership), and moderate economic expansion.

Upcoming catalysts: December jobs report (recently released or imminent), Q4 earnings season starting mid-January (e.g., JPMorgan on Jan. 13), and ongoing focus on tariffs, inflation, and Fed policy.

News

The Lead Up

Summary and In-Depth Option

Media Man Biz Watercooler

Jan 3

Sydney, Australia to Wall Street, New York

AUD +0.3% to US66.89¢

Bitcoin +1.9% to $US89,854

Wall St:
Dow +0.7%
S&P +0.2%
Nasdaq -0.04%
VIX -0.34 to 14.61
Gold -0.00% to $US4319.21 an ounce
Brent oil -0.1% to $US60.77 a barrel
Iron ore +0.3% to $US105.40 a ton
10-year yield: US 4.19% Australia 4.83%

News Flashback

The Lead Up

Media Man Favs

Jan 2

TKO $206.94 -2.06 -0.99%

Alphabet Inc Class A $315.15 +2.15 +0.69%

Netflix Inc $90.99 -2.77 -2.95%

Paramount Skydance Corp $13.18 -0.22 -1.64%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.68 +0.080 +1.74%

Mercedes Benz Group ADR $18.06 +0.49 +2.79%

Formula One Group Series A $89.07 -0.31 -0.35%

Caterpillar Inc $598.41 +25.54 +4.46%

Volvo ADR (Owner of Mack Trucks_ $32.34 +0.40 +1.25%

Tesla $438.07 -11.65 -2.59%

Microsoft Corp $472.94 -10.68 -2.21%

Mineral Resources Ltd $55.44 +1.06 +1.95% (ASX)

Rio Tinto Ltd $147.69 +0.87 +0.59% (ASX)

BHP Group Ltd $45.76 +0.27 +0.59% (ASX)

News

NYSE

New York Stock Exchange

The NYSE floor was active on January 2, with traders marking the start of trading in the new year

The New York Stock Exchange (NYSE) resumed trading on January 2, 2026, after being closed on New Year's Day (January 1). Markets kicked off the new year on a positive note, snapping a four-day losing streak from the end of 2025.Key Market Performance on January 2, 2026:The S&P 500 closed slightly higher, supported by gains in semiconductor stocks.

The Dow Jones Industrial Average ended higher, boosted by names like Nvidia, Intel, and Boeing.

Chip stocks led the rally, with the Philadelphia Semiconductor Index up around 4%.

Overall, U.S. markets started 2026 positively amid optimism for continued tech-driven growth, though no "Santa Claus rally" materialized at the end of 2025.

2025 Year-in-Review Highlights:

The S&P 500 finished 2025 up 16.4%, marking its third consecutive year of gains over 15%.

Tech and AI-related stocks dominated performance in 2025.

Notable Stock Movements and News:

Semiconductor and AI-related shares (e.g., Nvidia, Applied Materials, Western Digital) rallied strongly on January 2.

Tesla shares dipped after Q4 deliveries missed estimates, but analysts remain bullish on its autonomous and robotics potential for 2026.

Software stocks like Salesforce and CrowdStrike faced pressure.

Upcoming Focus for 2026:

Investors eye Federal Reserve policy, interest rate cuts, and corporate earnings growth.

Expectations for further market gains persist, with AI and tech themes continuing to drive sentiment.

News

ASX

As of January 3, 2026, the S&P/ASX 200 (commonly referred to as the ASX 200) is trading around 8,729.60 points, up approximately 0.18% (+15.30 points) during the session.

Market Status: The ASX is open today (Saturday is not a trading day; normal hours are Monday to Friday, 10:00 AM to 4:00 PM AEDT).

Recent Performance:

Closed 2025 at approximately 8,714 points (December 31, 2025).

First trading day of 2026 (likely January 2) saw modest gains, with reports of the index closing or trading around 8,728–8,730 points amid thin holiday liquidity.

The index tracks the performance of the 200 largest companies listed on the Australian Securities Exchange by float-adjusted market capitalization, serving as Australia's primary stock market benchmark.

News/Overview

Mag 7

These companies collectively represent about one-third of the S&P 500's market capitalization and have significantly influenced broader market trends.

In 2025, performance diverged: Alphabet and Nvidia were top performers (with Alphabet leading strongly in Q4), while others like Amazon lagged (single-digit gains). The group as a whole outperformed the average S&P 500 stock but showed rotation toward AI-focused names.Heading into 2026, analysts see continued potential from AI investments, though risks include high valuations, competition, and regulatory scrutiny. There's also an ETF for equal-weight exposure: the Roundhill Magnificent Seven ETF (MAGS).

The Magnificent Seven (Mag 7) refers to a group of seven leading U.S. tech stocks that have dominated market performance in recent years, driven by innovation in AI, cloud computing, e-commerce, and more.

As of early 2026, the standard list remains:

Apple (AAPL)
Microsoft (MSFT)
Alphabet (GOOGL/GOOG) (Google's parent)
Amazon (AMZN)
Meta Platforms (META) (Facebook's parent)
Nvidia (NVDA)
Tesla (TSLA)

News

Tech Stock News

Major Tech Stock Overview as of January 3, 2026

Markets were closed on January 1, 2026 (New Year's Day), and the first trading day was January 2, 2026 (a Friday).

On that day, major indices showed mixed performance with a boost from semiconductor stocks:

S&P 500: Closed up 0.19% at approximately 6,858.
Nasdaq Composite: Closed down slightly at 23,236.
Dow Jones Industrial Average: Closed higher, snapping a prior losing streak.

Tech stocks, particularly chips, led gains amid ongoing AI enthusiasm, while some software names pulled back.

Key "Magnificent Seven" Tech Stocks

These are the leading large-cap tech companies (Apple, Microsoft, Alphabet/Google, Amazon, Nvidia, Meta Platforms, Tesla).

Exact closing prices for January 2 aren't detailed in reports, but highlights include:

Nvidia (NVDA): Up ~1.5%, continuing strong momentum as the AI leader.

Semiconductor-related names like Micron and AMD rose significantly (Micron +7%, AMD +3%), lifting the sector.

Overall, tech remains a dominant theme entering 2026, with analysts optimistic about AI-driven growth but noting high valuations and potential for rotation to other sectors.

Broader Tech Sector Trends

AI and chips are expected to drive gains in 2026, with capex from Big Tech projected at massive levels.

Analysts' top picks often include Nvidia, Microsoft, and others from the Magnificent Seven.

Risks: Elevated valuations and potential AI "bubble" concerns

News

Bulls And Bears def

Bull and bear refer to market trends and investor sentiment: a bull market signifies rising prices, optimism, and growth (like a bull thrusting horns up), while a bear market means falling prices, pessimism, and contraction (like a bear swiping paws down), with investors buying in bull markets and selling in bear markets, influencing overall market direction.

News

The Lead Up

Previous

ASX futs down 33 pnts/0.4% to 8674
AUD +0.2% at US66.80¢
BTC $89,838.67 +1.90%
Dow +0.2%
S&P -0.2%
NAS -0.4%
Gold -0.1% to $US4314.82 an ounce
Brent oil -0.4% at $US60.62 a barrel
Iron ore +0.3% to $US105.40 a ton

News

Gold And Silver

Gold spot price is trading around $4,330–$4,350 per troy ounce, extending gains from a remarkable 2025 where it rose over 64% year-over-year, marking its strongest annual performance in decades.Silver spot price is around $72–$74 per troy ounce, up significantly after surging more than 144% in 2025, driven by industrial demand and safe-haven flows.

The gold/silver ratio currently sits near 59–63, meaning it takes about 60 ounces of silver to buy one ounce of gold—lower than historical averages, reflecting silver's stronger relative performance lately.

News

Fun Facts

Silicon Valley

Silicon Valley is home to iconic tech giants with sprawling campuses:

Apple

Apple Park (the "Spaceship" in Cupertino).

Google (Alphabet)

Googleplex in Mountain View.
Meta (Facebook) in Menlo Park.

Nvidia, Intel, Cisco, and more.
News

Best Quotes

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch

Bulls vs Bears

Crypto King vs Mr World Bank

Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia

News Lead Up

56 + hours ago

News Flashback

Media Man Favs

TKO $216.11 -1.33 -0.61%
Alphabet Inc Class A $313.56 +0.050 +0.016%
Netflix Inc $94.15 -0.32 -0.34%
Paramount Skydance Corp $13.50 -0.090 -0.66%
Porsche Automobile Holding SE Unsponsored Germany ADR $4.60 -0.040 +0.86%
Mercedes Benz Group ADR $17.54 +0.11 +0.63%

 

 

Markets/Cryptos/Biz/Culture

January 2, 2026

Bitcoin Never Sleeps Edition

Santa def Grinch

Sydney to Wall Street, New York and Beyond

ASX futures down 31 points/0.4% to 8676
AUD -0.1% at US66.66¢
Bitcoin $88,602.45 +0.87%
Dow closed
S&P closed
Nasdaq closed
Gold -0.5% to $US4319.37 oz
Brent -0.8% at $US60.85 a b

BNB $861.70 -1.14%
XRP $1.8761 +1.93%
DOGE $0.1266 +6.96%

News

Pop Culture

Santa def Grinch

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series; Crack The Code!

Million Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The Streets Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr Cardona
Cesaro vs Rollins
Dirty Dom vs Mr AAA
Punks vs Egos
Kross vs H
Murdoch Title vs Title
Mr Black Coffee vs Mr Claudio's Cafe Blend
Mr Warner vs Mr Netflix: Broadway draw thus far! Re-match! Winner take all?!
TMZ vs Riddle
UFC vs PFL
The Oracle vs Cincinnati, Ohio
Mr X vs Hollyweird
Succession vs Billions
Mouse House vs Art House
NFL vs UFL
ABC vs Mainstream Aussies
Reigns vs Blanka
Cody Rhodes vs Joe
E. Honda vs NJPW
Capcom vs Warner
Cena vs ACME
Combat Sports Players vs Father Time
NXT vs TNA Wrestling (Showdown, not Invasion)!
Alpha vs Meta
TED X vs The Others
WWE's Solo vs NYC and Western Australia
UFC Predator vs MMA Predator
UFC Legal vs UFC Bad Egg Betting Disruptors
Bulls vs Bears
Logan Paul vs WWE babyfaces
Santa's Helper vs Grinch
John McAfee vs FBI + + +, Running .... Netflix Wins again!
Killer Kross vs Matt Riddle - Shoot Fight/Wrestling (MLW)! Holliday working web?! Most Marketable?!
VKM vs Numerous!
MLW vs The World
The Big Event vs US Promoters
Storm vs WWE Locker Room. Lash Legend on side!
NXT Gold Rush: Page & Green vs Hendry & Hail
Baszler vs Itoh - HOG Superclash - Nov 15
MSG, NY winning with WWE and UFC in Nov
The Vision vs WWE Lockerroom
John Cena vs Dirty Dom
Miz vs Management
Jericho vs Internet Marks
Mr Gold vs Mr Fool's Gold
Neo vs Mr Smith
PBR vs Others. No Bull?!
Aus Gvt vs Big Tech
Banks vs Cryptos
NVIDIA vs World
White House vs Wokes
Packer vs Devil D
Lucha Bros vs AAA Heels
WWE Black Scorpion/Masked Man vs Babyfaces
CM Punk vs The Hood
Starks vs Oba Femi - NXT Deadline
TNA Wrestling vs Dirtsheets
TKO vs Naysayers
John Cena vs Gunther: SNME
Chris Jericho and Mr X vs IWC
Mr Netflix vs Mr Paramount
Triple H vs (many) Washington Cena Fans!
WWE vs Lucha LIbra AAA - Friendly TKO b2b


News

Best Quotes

An investment in knowledge pays the best interest." — Benjamin Franklin

"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." — Jim Rogers

Be fearful when others are greedy and greedy only when others are fearful." — Warren Buffett

Media Man "Bullish is a mindset"

News

The dollar may defy expectations

The return of American exceptionalism will help the greenback.
The yen will start the new year with interventions, and the RBA with a rate hike. The US dollar ends 2025 with its worst performance in nearly a decade. By mid-September, fears for the fate of the US economy due to tariffs and expectations of Fed rate cuts had caused the USD index to plummet to its lowest level in 3.5 years. However, the greenback then recovered thanks to large-scale investments in artificial intelligence, GDP growth and capital inflows into the stock market. At the end of the year, divergence in monetary policy between the Fed and other central banks caused the USD index to fall. Goldman Sachs believes that the downward trend for the US dollar will continue in 2026, albeit on a smaller scale. The main drivers of the greenback's decline will be accelerating economic growth abroad and lower federal funds rates. The consensus forecast of major Wall Street banks is for EURUSD to rise to 1.2 and GBPUSD to 1.36 by the end of 2026. What could go wrong? A Supreme Court ruling that the White House tariffs are illegal would sow chaos in financial markets and force investors to buy the US dollar as a safe-haven asset. A big and beautiful tax cut bill, coupled with investments in artificial intelligence, will boost GDP and bring back the theme of American exceptionalism to the markets. As a result, the Fed will have less reason to ease monetary policy. The federal funds rate will be cut only once in 2026, if at all. If the factors of divergence in monetary policy and the narrowing gap in economic growth between the US and the eurozone do not work, investors' views on the fate of the US dollar will change radically. History may play in favour of the greenback. In 2017, Donald Trump's first year as president, the USD index weakened significantly. However, in 2018, it recovered some of its lost ground. The yen will start 2026 under the sign of intervention. The government is unhappy with the USDJPY rally, and the Bank of Japan has failed to break the bulls' back by raising the overnight rate to its highest level since 1995. Either a rapid continuation of the cycle of monetary restriction or Tokyo's intervention in the Forex market is required. The Australian dollar appears to be the favourite thanks to expectations of a key rate hike by the Reserve Bank and the Chinese economy's adaptation to US tariffs. (FxPro)

News

Silver stirs up the markets

Precious metal sell-offs shake investors

Donald Trump renews criticism of the Fed

While major global currencies, led by the US dollar, are recovering very slowly after Christmas, the precious metals market has been rocked by a real thriller. Silver and other assets in the sector have plummeted. For XAGUSD, the fall was the largest since the beginning of 2021. The trigger was an increase in CME margin requirements for related futures contracts. This forced speculators to take profits and triggered a pullback. Silver saw a record rally in 2025. The 150% increase is significantly higher than that of gold and other assets in the sector. At the same time, the white metal is still far from the inflation-adjusted price record set in 1980. To return to that level, silver would have to cost $200 per ounce today. ETF stocks have grown by 150 million ounces this year, but are still far from the highs recorded in 2021. The ratio to gold also has room to fall.

Speculators have used these arguments to justify the need for further purchases of XAGUSD. There is indeed serious competition between the US, Europe and Asia in the physical asset market. This is due to the risks of Washington imposing tariffs on silver imports after adding it to the list of critical minerals. However, the silver rally looks too rapid and resembles a bubble, and it is quite possible that it may have burst. After the CME raised margin requirements in February 2021, the white metal collapsed by 43% over 18 months. Other assets in the sector are following silver. Despite the post-Christmas sell-off, gold is heading for its second-best performance in a year in history. The first was in 1979. The XAUUSD pullback does not look like a burst bubble. The US economy risks slowing down in 2026, and the Fed may accelerate the cycle of monetary policy easing, especially under pressure from the White House.

Donald Trump is back to his old ways. The US president said he would gladly fire Jerome Powell as Fed chairman. He said that Powell was too slow to cut interest rates. At the same time, the US administration does not rule out filing a lawsuit against the head of the central bank for incompetence due to excessive spending on renovating the Fed's headquarters. The White House wants to make room in the FOMC for the ‘doves’. This increases the risks of a weakening US dollar. (FxPro)

News

Dec 25

Precious metals rewarded for success

The US dollar is falling as a safe-haven asset amid growing risk appetite
Gold is performing well, but other assets in the sector are looking even better GDP growth of 4.3% in the third quarter did not help the US dollar. It would seem that the strength of the economy, the rise in Treasury bond yields and the decline in the likelihood of the Fed easing monetary policy in March to less than 50% should have cooled the hot heads of the EURUSD bulls. However, greed reigns supreme in the financial markets. The S&P 500 closed at a record high, which had a negative impact on the USD index. Donald Trump was encouraged by the success of the US economy, citing tariffs as the main reason. The president said that the new Fed chairman would cut rates if the market was performing well. Investors should be rewarded for their success. Support from the White House is helping US stock indices, improving global risk appetite and reducing demand for the dollar as a safe-haven asset. In such conditions, high-yield currencies feel most at home. The British pound reached a three-month high against the greenback, and the Australian dollar reached a 14-month high. After the Reserve Bank signalled the end of the monetary policy easing cycle, the futures market began to price in expectations of a cash rate hike in 2026. By Christmas, the start date for monetary tightening had shifted to June, which created a tailwind for AUDUSD. Investors in a Bloomberg survey see the Bank of England's neutral rate at 3.25% and estimate the chances of it falling to 3% in 2026 as fifty-fifty. They are more dovish than the BoE. At their December meeting, Andrew Bailey and his colleagues opted for caution, which supported GBPUSD. Meanwhile, gold has broken through the psychologically important level of $4,500 per ounce. JP Morgan forecasts XAUUSD to rise to 5,000 by the end of 2026 and estimates the scale of bullion purchases by central banks and retail investors at 585 tonnes per quarter. According to the bank, every 100 tonnes above the base 350 tonnes leads to a 2% increase in precious metal prices. Gold has already gained more than 70% in value in 2025 and is heading for its best performance since 1979. Other assets in the precious metals sector are growing even faster. Prices for silver, platinum and palladium have more than doubled this year. Along with strong investment demand, fears about the introduction of US import duties are playing into their hands. (FxPro)

News

Biz Culture News Lead Up

48 + hours ago

News

Media Man Favs

TKO $216.11 -1.33 -0.61%
Alphabet Inc Class A $313.56 +0.050 +0.016%
Netflix Inc $94.15 -0.32 -0.34%
Paramount Skydance Corp $13.50 -0.090 -0.66%
Porsche Automobile Holding SE Unsponsored Germany ADR $4.60 -0.040 +0.86%
Mercedes Benz Group ADR $17.54 +0.11 +0.63%

News

Gold

Dec 24

Gold passes $4500 for first time

Gold has surpassed $US4500 an ounce for the first time on escalating geopolitical tensions and prospects for more US rate cuts. Spot gold rose1.5 per cent to $US4504.59 an ounce at 10.38am AEDT, taking total gains for the year past 70 per cent. This year is shaping up to deliver the best return to gold investors in over 40 years.Traders are betting the Federal Reserve will follow three straight interest-rate cuts by lowering the cost of borrowing again next year, which would be a tailwind for non-yielding precious metals. Gold’s haven appeal has also been amplified in the last week by rising geopolitical tensions, particularly in Venezuela, where the US has blockaded oil tankers as it ratchets up pressure on the government of President Nicolás Maduro. Gold miners on the ASX were, however, mixed. Newmont was down 0.5 per cent, Northern Star was up 0.9 per cent and Evolution Mining up by 1.2 per cent.

News

Market Recap

January 2, 2026

Australian Dollar: $0.6670 USD (unchanged) Iron Ore: Bid $104.00 USD (public holiday) Oil Price: $57.42 USD (unchanged - public holiday) Gold Price: $2,659.37 USD (down $3.16 USD) Copper Price: $4.0305 (down 0.0875 USD) Bitcoin: $88,211.47 (up 1.07%) Dow Jones: 48,063.29 (down 303.77 points)

News

Jan 2

NYSE Closed

TKO Group Holdings Inc: $209.00 -5.17 -2.41%

News

Big Bash sell-off will 'kill Test cricket'

Cricket Australia is under growing criticism over a proposal to privatise the eight Big Bash League teams. Former Cricket Australia chairman Earl Eddings is amongst those to have questioned the proposal; amongst other things, he contends that Australian cricket does not the influx of money that would come from selling stakes in BBL teams. He is also concerned that privatisatiom would be detrimental to Test cricket in Australia, because the new investors would expect top players to prioritise their BBL franchise rather than the long form of the game. Test cricket is already under scrutiny after two of the matches in the current Ashes series were over in less than two days, including the flagship Boxing Day Test at the MCG; the fifth Test starts on Sunday at the SCG, with Australia leading the series 3-1. (Roy Morgan Summary)

News

Venus rising with Australian Open wildcard

Tennis Australia director Craig Tiley has described Venus Williams' return for the 2026 tournament as a "win for fans and tennis". The winner of seven grand slam titles has not played in the Australian Open since 2021, and she has not competed internationally since 2023; at the age of 45, Williams will be the oldest woman to compete in the Australian Open during the modern era. She has been granted a wildcard to appear in both the Australian Open and the Hobart International. However, Tennis Australia is yet to announce whether Nick Kyrgios will be given a wildcard for the Australian Open, which begins on 12 January. (RMS)

News

Australia/China

China imposes beef quotas, now all eyes on Australia’s EU trade deal

The federal government will face growing pressure to finalise a much-stalled free-trade agreement with the European Union following China's move to introduce import controls on beef. China has imposed a total import quota of 2.69 million tonnes in 2026, which will rise to 2.74 million tonnes next year; shipments that exceed the quota will be subject to a 55 per cent duty, in a move that is aimed at protecting local producers. Australia's annual beef quota has been set at 205,000 tonnes, and Trade Minister Don Farrell says the federal government expect the nation's status as a valued Free Trade Agreement partner to be respected by China. Australia exported 216,050 tonnes of beef to China in 2024. (RMS)

News

Awards

Google Finance wins Media Man 'Business News Website Of The Month'; Runner-up: Yahoo! Finance

The Australian Financial Review wins Media Man 'Newspaper Of The Year' award (2025)

Sky News Australia wins Media Man 'Australian Based News Outlet Of The Year' award

TKO Group wins Media Man 'Entertainment Promoter Of The Year' award

Netflix wins Media Man 'Streaming Service Of The Year' award

Mack Trucks wins Media Man 'Truck Brand Of The Year' award

Caterpillar wis Media Man 'Heavy Equipment Brand Of The Year' award

X and YouTube Tie for Media Man 'Platform Of The Year' award

 

 

 

 

Markets, Cryptos and Biz

December 2025

Dec 31

Sydney, Australia to Wall St, New York

Digital Bush Telegraph

Last Day Of The Year Edition!

Markets

ASX 200 futures down 6 points/0.1% to 8701

AUD +0.01% to US66.95¢

Bitcoin $88,370.39 +1.37%

Wall St:

Dow -0.2%
S&P -0.1%
Nasdaq -0.2%
VIX +0.16 to 14.36
Gold +0.4% to $US4348.71 an ounce
Silver +8.2% to $US76.30/oz
Brent oil -0.03% to $US61.92 a barrel
Iron ore -0.1% to $US105.70 a tonne
10-year yield: US 4.12% Australia 4.74%

Cryptos

Bitcoin $88,370.39 +1.37%
XRP $1.8738 +1.15%
BNB $860.21 +1.11%
Dogecoin $0.1229 +0.07%

Shares

Media Man Favs

TKO $214.17 -1.94 -0.90%

Alphabet Inc Class A $313.85 +0.29 +0.092%

Netflix Inc $93.78 -0.37 -0.39%

Paramount Skydance Corp $13.51 +0.0100 +0.074%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.64 +0.040 +0.87%

Mercedes Benz Group ADR $17.67 +0.13 +0.74%

Volvo ADR (Owner/Parent of Mack Trucks) $32.10 +0.13 Today +0.42%

Formula One Group Series A $89.26 +0.42 +0.47%

Microsoft Corp $487.53 +0.43 +0.088%

Meta Platforms Inc $666.01 +7.32 +1.11%

Madison Square Garden Sports Corp $259.74 +1.79 +0.69%

Imax Corp $37.24 -0.21 -0.56%

News Corp Class A $26.39 +0.14 +0.53%

CoStar Group Inc $67.86 +0.26 +0.38%

eBay Inc $87.10 -0.64 -0.73%

PayPal Holdings Inc $59.10 -0.39 -0.66%

Wynn Resorts Ltd $120.33 -1.94 -1.59%

Rio Tinto Ltd $146.77 -0.24 - 0.16% (ASX)

BHP Group Ltd $60.92 +0.53 +0.88%

Hancock & Gore Ltd $0.22

Mineral Resources Ltd $54.33 -0.13%

Evolution Mining Ltd $8.41 -0.34 -3.91%

Caterpillar Inc $577.39 -1.22 -0.21%

Tesla Inc $454.43 -5.21 -1.13%

Trump Media & Technology Group Corp
$12.57 -0.59 -4.48%

Gold.com Inc $33.45 +0.030 +0.090%

Amazon.com Inc $232.53 +0.46 +0.20%


News Lead Up

12 + Hours Ago

Dec 30

Sydney, Australia to Wall St, New York

Digital Bush Telegraph

Markets

ASX 200 futures pointing down 6 points/0.1% to 8711

AUD -0.3% to US66.93¢

Bitcoin $87,218.84 -0.73%

Wall St:
Dow -0.5%
S&P -0.4%
Nasdaq -0.5%
VIX +0.59 to 14.19

Gold -4.4% to $US4335.01 an ounce
Silver -6.8% to $US71.94/oz
Platinum -13.8% to $US2118.03/oz
Brent oil +1.8% to $US61.75 a barrel
Iron ore +1.3% to $US106.05 a tonne

10-year yield: US 4.11% Australia 4.75%

Cryptos

Bitcoin $87,218.84 -0.73%
XRP $1.8529 -0.70%
BNB $852.81 -0.71%
Dogecoin $0.1231 -0.64%


Stockmarket

US Stock Market Overview (as of late December 2025)

The US stock market is in a strong bull run heading into the final days of 2025, with major indices near all-time highs and on track for a robust year-end close. Trading volume has been light post-holidays, but sentiment remains positive amid resilient economic growth, AI-driven gains, and expectations of a "Santa Claus rally" (the seasonal uptrend in the last five trading days of the year and first two of the next).

Key Index Levels (from the most recent close on December 26, 2025)

S&P 500 — Closed at approximately 6,930 (down slightly that day but hit an intraday high near 6,946). Up nearly 18% year-to-date, with the index eyeing the psychological 7,000 milestone in the coming sessions.

Dow Jones Industrial Average — Closed at around 48,711 (fractionally lower), up solidly for the year.

Nasdaq Composite — Closed near 23,593, up about 22% YTD, led by tech and AI stocks

Markets were closed on December 27 (weekend) and reopen on December 29 for the last few trading days of 2025. Expect thin liquidity and potential for modest moves as investors position for 2026.

Broader Context

2025 has been a resilient year despite challenges like early tariff impacts, AI spending concerns, and Fed rate adjustments (benchmark now at 3.50%-3.75%). Tech and AI names (e.g., Nvidia crossing $5T market cap) have dominated, but there's been rotation into cyclicals, materials, and foreign equities. Precious metals like gold and silver are at historic highs amid safe-haven demand.

Wall Street forecasts for 2026 are bullish, with many targeting S&P 500 levels between 7,100–8,100. However, history suggests potential pullbacks after strong years, so caution on overvaluation is advised. (Grok)

News

Dec 24

Precious metals rewarded for success

The US dollar is falling as a safe-haven asset amid growing risk appetite.

Gold is performing well, but other assets in the sector are looking even better.

GDP growth of 4.3% in the third quarter did not help the US dollar. It would seem that the strength of the economy, the rise in Treasury bond yields and the decline in the likelihood of the Fed easing monetary policy in March to less than 50% should have cooled the hot heads of the EURUSD bulls. However, greed reigns supreme in the financial markets.

The S&P 500 closed at a record high, which had a negative impact on the USD index.

Donald Trump was encouraged by the success of the US economy, citing tariffs as the main reason. The president said that the new Fed chairman would cut rates if the market was performing well. Investors should be rewarded for their success. Support from the White House is helping US stock indices, improving global risk appetite and reducing demand for the dollar as a safe-haven asset. In such conditions, high-yield currencies feel most at home.

The British pound reached a three-month high against the greenback, and the Australian dollar reached a 14-month high. After the Reserve Bank signalled the end of the monetary policy easing cycle, the futures market began to price in expectations of a cash rate hike in 2026.

By Christmas, the start date for monetary tightening had shifted to June, which created a tailwind for AUDUSD.

Investors in a Bloomberg survey see the Bank of England's neutral rate at 3.25% and estimate the chances of it falling to 3% in 2026 as fifty-fifty. They are more dovish than the BoE. At their December meeting, Andrew Bailey and his colleagues opted for caution, which supported GBPUSD. Meanwhile, gold has broken through the psychologically important level of $4,500 per ounce.

JP Morgan forecasts XAUUSD to rise to 5,000 by the end of 2026 and estimates the scale of bullion purchases by central banks and retail investors at 585 tonnes per quarter. According to the bank, every 100 tonnes above the base 350 tonnes leads to a 2% increase in precious metal prices.

Gold has already gained more than 70% in value in 2025 and is heading for its best performance since 1979.

Other assets in the precious metals sector are growing even faster. Prices for silver, platinum and palladium have more than doubled this year. Along with strong investment demand, fears about the introduction of US import duties are playing into their hands. (FxPro)

News

Dec 29

A confident Euro and a vulnerable Yen

Rapid GDP growth in the eurozone has helped EURUSD.

USDJPY risks rising to 164. Christmas week turned out to be the worst for the US dollar since June. Falling Treasury yields and new S&P 500 records caused the USD index to retreat. The chances of the Fed easing monetary policy in March rose above 50% again, and there is active discussion in Forex about the new Fed chair. Historically, central bank chiefs have had a significant influence on the FOMC. Donald Trump's man could bring down interest rates and the greenback. However, the Fed is not a one-man show. Decisions are made collectively based on incoming data. The longer the pause in the monetary expansion cycle lasts, the higher the chances of a correction in the EURUSD to an upward trend. In this case, the yield differential between US and German bonds will remain wide. Money will flow from Europe to the United States, strengthening the dollar. In the medium term, monetary policy divergence and a narrowing gap in GDP growth could play in favour of the euro. Financial Times experts expect the eurozone economy to expand by 1.2% in 2026 and 1.4% in 2027. In 2025, it will grow by 1.4%, significantly more than the 0.9% forecast at the end of 2024. Faster economic growth in the currency bloc has been one of the key drivers of the EURUSD's 13.5% rally this year. Another trump card for the euro has been the divergence in monetary policy. Financial Times experts believe that the ECB's deposit rate will remain at 2% until the end of 2026 and rise to 2.25% in 2027. The futures market expects two acts of monetary expansion from the Fed next year. The narrowing of the spread between US and German bond yields is a strong argument in favour of maintaining the upward trend in EURUSD. Meanwhile, the number of yen bears is growing after the Bank of Japan failed to bring about a serious correction in USDJPY by raising the overnight rate in December. BNP Paribas forecasts the pair to rise to 160 by the end of 2026, while JP Morgan forecasts 164. The strengthening of the greenback has caused gold to retreat from record highs. The precious metal is heading for its best annual performance since 1979. Since the beginning of the year, it has risen by more than 70%, partly due to capital inflows into ETFs. The reserves of the largest specialised exchange-traded fund, SPDR Gold Shares, have increased by more than 20%.

News

Dec 29

Miners and Metals

Nickel price jumps as Indonesia signals big production cut

Nickel prices are at a seven-month high after Indonesia, the world’s biggest producer, signalled plans to cut supply of the metal in a Christmas gift for struggling Australian miners who have been shuttering projects.

The rising prices came after Indonesian media reported Mineral Resources Minister Bahlil Lahadalia had confirmed plans for unspecified production cuts. A group representing Indonesian nickel miners this month said it expected Jakarta to enforce a 34 per cent cut in volumes next year.

While the size of the cuts has not been finalised, the comments suggest the worst could be over for miners after a two-and-a-half year period in which prices for the metal were crushed by excess production in Indonesia.

Nickel was a fashionable commodity for investors between 2017 and 2022 on expectations that demand would rise in line with the metal’s use in the batteries used in electric vehicles. Prices reached $US30,000 a tonne in late 2022, but a wave of Indonesian supply emerged in 2023 as new technology allowed low-grade material to be cheaply processed into top quality metal.

The extra supply pushed nickel prices below $US20,000 since mid-2023, forcing Australian miners like BHP and Panoramic Resources to mothball their Western Australian mines, refineries and smelters.

The price had slumped to $US14,110 a tonne at the London Metal Exchange on December 16, but has rallied to $US15,430 after reports of Indonesian production cuts. The price had not been above $US15,400 since May.

The recovery could help BHP’s nickel assets just 14 months before a self-imposed deadline to decide whether they should be permanently closed. BHP mothballed the assets last year in the belief the supply surge was a structural change to nickel markets, and not merely a cyclical one.

BHP announced at its August half-year results that it would attempt to sell the assets, but finding a buyer has proved difficult given the enormous rehabilitation obligations attached to them. If a buyer cannot be found, BHP will permanently shut the nickel division in February 2027.

Another potential winner from a nickel price recovery would be businessman Duncan Saville, whose companies control the mothballed Savannah mine in WA. The mine closures have seen Australian exports slump from about 180,000 tonnes in 2017 to 81,000 tonnes this year.

The Industry Department provided a gloomy outlook for the sector in a report published on December 19, predicting prices would stay low, and export volumes would fall further as IGO Limited prepared for the Nova-Bollinger nickel mine in WA to reach the end of its working life.

Closure of Nova would leave Glencore’s Murrin Murrin operation as the last remaining major nickel mine in the country.

Industry Department economists predicted Australia will ship just 49,000 tonnes of nickel in 2027; down 73 per cent in a decade.

Batteries account for about 16 per cent of global nickel demand, with the stainless-steel sector still buying about 63 per cent of the world’s nickel.

Fitch predicts nickel prices will average $US16,000 a tonne in 2026.

Silver continues to soar

Signs of recovery in nickel prices come as silver prices have soared. The precious metal was fetching $US28.83 an ounce on the final trading day of 2024, but soared to a record high $US79.27 on Boxing Day 2025.

Financial markets have traditionally used gold prices to determine an appropriate price for silver, and the rally in silver prices is partly linked to the earlier rally in gold prices over the last 12 months.

Very few mines are primarily focused on silver production, with the metal typically occurring as a byproduct at mines that are focused on copper, zinc or lead. Australia’s biggest silver producers include South32’s Cannington mine in Queensland, Glencore’s Mount Isa hub and BHP’s Olympic Dam.

Iltani Resources, an ASX-listed miner exploring for silver, zinc, lead and indium near Herberton in Queensland, is one producer that has seen its share price jump more than 200 per cent alongside the silver rally.

“It puts us in a really good position to hit 2026 with a really aggressive drill program,” said Iltani managing director Donald Garner. (AFR). *Full article and coverage via The Australian Financial Review

News

VC/Sports Biz/Tech News

Jake & Logan Paul Announce $30M Venture Fund Backing AI, Robotics Startups

Anti Fund, co-founded by YouTuber-turned-boxer Jake Paul and entrepreneur Geoffrey Woo, closed its oversubscribed $30 million Anti Fund I on December 3, bringing the firm’s total assets under management to more than $65 million. The firm named influencer and WWE star Logan Paul as a general partner, marking the first time the Paul brothers have become business partners.

According to a press release, the venture capital firm concentrates its investments in artificial intelligence and robotics companies. Anti Fund focuses on pre-seed and seed-stage ventures, as well as select growth-stage industry leaders. The portfolio includes OpenAI, Anduril, Ramp, Cognition, Polymarket, Flock Safety, and Physical Intelligence.

Investment Strategy

Anti Fund employs what it calls an “extreme barbell strategy,” making first checks of $100,000 to $500,000 for 10% ownership in technical founders, while also deploying $10 million or more in growth investments into industry leaders.

The fund’s limited partners include institutional investors Aquarian Holdings and Autilus Partners, as well as individual investors Marc Andreessen and Chris Dixon. Focuspoint Private Capital Group served as the exclusive placement agent for the fund.

Founder Background

Woo holds a bachelor’s degree with honors and distinction in computer science from Stanford and has co-authored numerous U.S. patents and peer-reviewed scientific papers.

Jake Paul built his career as a professional boxer and entrepreneur. Logan Paul founded PRIME, a beverage brand, and performs as a professional wrestler.

“Jake, what I realized is that he is essentially an avatar of the American dream, and I think Logan, in a very similar parallel sense, also represents that,” Woo said in an interview with FOX Business.

“When Jake named Anti Fund, I think we all share the same belief, that the people that create the future are the crazy ones that believe they can do it.”

Business Philosophy

The firm positions itself as founder-friendly, emphasizing what it calls the intersection of capital and attention. While capital remains a commodity, Anti Fund leverages the Paul brothers’ cultural influence to source founders and accelerate portfolio company growth.

Jake Paul discussed his long-standing interest in venture capital, noting he met with companies including Google, Uber, and Twitter in Silicon Valley as a teenager.“

Not only are we investors, but we can disrupt Logan with PRIME, me with W, Betr is always in the top five in the App Store is absolutely crushing it,” Paul told FOX.

“And these are companies that we’ve incubated ourselves, because if no one else is building it and we see a hole in the market, we can hire the best teams and grow and scale these companies in a major way.”

Anti Fund has incubated and funded several of Jake Paul’s business ventures, including W and Betr Media.

Rudy Sahay, founder and managing partner of Aquarian Holdings, said the fund closing “validates the confidence investors have in their strategy” and noted the firm “carved out a unique position at the intersection of frontier technologies and culture.”


Best Quotes

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky

News Lead Up

12 + hours ago

News

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Paramount Skydance Corp $13.50 -0.090 -0.66%
Porsche Automobile Holding SE Unsponsored Germany ADR $4.60 -0.040 +0.86%
Mercedes Benz Group ADR $17.54 +0.11 +0.63%

 

 

Markets, Cryptos and Biz

December 2025

Dec 30

Sydney, Australia to Wall St, New York

Digital Bush Telegraph

Markets

ASX 200 futures pointing down 6 points/0.1% to 8711

AUD -0.3% to US66.93¢

Bitcoin $87,218.84 -0.73%

Wall St:
Dow -0.5%
S&P -0.4%
Nasdaq -0.5%
VIX +0.59 to 14.19

Gold -4.4% to $US4335.01 an ounce
Silver -6.8% to $US71.94/oz
Platinum -13.8% to $US2118.03/oz
Brent oil +1.8% to $US61.75 a barrel
Iron ore +1.3% to $US106.05 a tonne

10-year yield: US 4.11% Australia 4.75%

Cryptos

Bitcoin $87,218.84 -0.73%
XRP $1.8529 -0.70%
BNB $852.81 -0.71%
Dogecoin $0.1231 -0.64%


Stockmarket

US Stock Market Overview (as of late December 2025)

The US stock market is in a strong bull run heading into the final days of 2025, with major indices near all-time highs and on track for a robust year-end close. Trading volume has been light post-holidays, but sentiment remains positive amid resilient economic growth, AI-driven gains, and expectations of a "Santa Claus rally" (the seasonal uptrend in the last five trading days of the year and first two of the next).

Key Index Levels (from the most recent close on December 26, 2025)

S&P 500 — Closed at approximately 6,930 (down slightly that day but hit an intraday high near 6,946). Up nearly 18% year-to-date, with the index eyeing the psychological 7,000 milestone in the coming sessions.

Dow Jones Industrial Average — Closed at around 48,711 (fractionally lower), up solidly for the year.

Nasdaq Composite — Closed near 23,593, up about 22% YTD, led by tech and AI stocks

Markets were closed on December 27 (weekend) and reopen on December 29 for the last few trading days of 2025. Expect thin liquidity and potential for modest moves as investors position for 2026.

Broader Context

2025 has been a resilient year despite challenges like early tariff impacts, AI spending concerns, and Fed rate adjustments (benchmark now at 3.50%-3.75%). Tech and AI names (e.g., Nvidia crossing $5T market cap) have dominated, but there's been rotation into cyclicals, materials, and foreign equities. Precious metals like gold and silver are at historic highs amid safe-haven demand.

Wall Street forecasts for 2026 are bullish, with many targeting S&P 500 levels between 7,100–8,100. However, history suggests potential pullbacks after strong years, so caution on overvaluation is advised. (Grok)

News

Dec 24

Precious metals rewarded for success

The US dollar is falling as a safe-haven asset amid growing risk appetite.

Gold is performing well, but other assets in the sector are looking even better.

GDP growth of 4.3% in the third quarter did not help the US dollar. It would seem that the strength of the economy, the rise in Treasury bond yields and the decline in the likelihood of the Fed easing monetary policy in March to less than 50% should have cooled the hot heads of the EURUSD bulls. However, greed reigns supreme in the financial markets.

The S&P 500 closed at a record high, which had a negative impact on the USD index.

Donald Trump was encouraged by the success of the US economy, citing tariffs as the main reason. The president said that the new Fed chairman would cut rates if the market was performing well. Investors should be rewarded for their success. Support from the White House is helping US stock indices, improving global risk appetite and reducing demand for the dollar as a safe-haven asset. In such conditions, high-yield currencies feel most at home.

The British pound reached a three-month high against the greenback, and the Australian dollar reached a 14-month high. After the Reserve Bank signalled the end of the monetary policy easing cycle, the futures market began to price in expectations of a cash rate hike in 2026.

By Christmas, the start date for monetary tightening had shifted to June, which created a tailwind for AUDUSD.

Investors in a Bloomberg survey see the Bank of England's neutral rate at 3.25% and estimate the chances of it falling to 3% in 2026 as fifty-fifty. They are more dovish than the BoE. At their December meeting, Andrew Bailey and his colleagues opted for caution, which supported GBPUSD. Meanwhile, gold has broken through the psychologically important level of $4,500 per ounce.

JP Morgan forecasts XAUUSD to rise to 5,000 by the end of 2026 and estimates the scale of bullion purchases by central banks and retail investors at 585 tonnes per quarter. According to the bank, every 100 tonnes above the base 350 tonnes leads to a 2% increase in precious metal prices.

Gold has already gained more than 70% in value in 2025 and is heading for its best performance since 1979.

Other assets in the precious metals sector are growing even faster. Prices for silver, platinum and palladium have more than doubled this year. Along with strong investment demand, fears about the introduction of US import duties are playing into their hands. (FxPro)

News

Dec 29

A confident Euro and a vulnerable Yen

Rapid GDP growth in the eurozone has helped EURUSD.

USDJPY risks rising to 164. Christmas week turned out to be the worst for the US dollar since June. Falling Treasury yields and new S&P 500 records caused the USD index to retreat. The chances of the Fed easing monetary policy in March rose above 50% again, and there is active discussion in Forex about the new Fed chair. Historically, central bank chiefs have had a significant influence on the FOMC. Donald Trump's man could bring down interest rates and the greenback. However, the Fed is not a one-man show. Decisions are made collectively based on incoming data. The longer the pause in the monetary expansion cycle lasts, the higher the chances of a correction in the EURUSD to an upward trend. In this case, the yield differential between US and German bonds will remain wide. Money will flow from Europe to the United States, strengthening the dollar. In the medium term, monetary policy divergence and a narrowing gap in GDP growth could play in favour of the euro. Financial Times experts expect the eurozone economy to expand by 1.2% in 2026 and 1.4% in 2027. In 2025, it will grow by 1.4%, significantly more than the 0.9% forecast at the end of 2024. Faster economic growth in the currency bloc has been one of the key drivers of the EURUSD's 13.5% rally this year. Another trump card for the euro has been the divergence in monetary policy. Financial Times experts believe that the ECB's deposit rate will remain at 2% until the end of 2026 and rise to 2.25% in 2027. The futures market expects two acts of monetary expansion from the Fed next year. The narrowing of the spread between US and German bond yields is a strong argument in favour of maintaining the upward trend in EURUSD. Meanwhile, the number of yen bears is growing after the Bank of Japan failed to bring about a serious correction in USDJPY by raising the overnight rate in December. BNP Paribas forecasts the pair to rise to 160 by the end of 2026, while JP Morgan forecasts 164. The strengthening of the greenback has caused gold to retreat from record highs. The precious metal is heading for its best annual performance since 1979. Since the beginning of the year, it has risen by more than 70%, partly due to capital inflows into ETFs. The reserves of the largest specialised exchange-traded fund, SPDR Gold Shares, have increased by more than 20%.

News

Dec 29

Miners and Metals

Nickel price jumps as Indonesia signals big production cut

Nickel prices are at a seven-month high after Indonesia, the world’s biggest producer, signalled plans to cut supply of the metal in a Christmas gift for struggling Australian miners who have been shuttering projects.

The rising prices came after Indonesian media reported Mineral Resources Minister Bahlil Lahadalia had confirmed plans for unspecified production cuts. A group representing Indonesian nickel miners this month said it expected Jakarta to enforce a 34 per cent cut in volumes next year.

While the size of the cuts has not been finalised, the comments suggest the worst could be over for miners after a two-and-a-half year period in which prices for the metal were crushed by excess production in Indonesia.

Nickel was a fashionable commodity for investors between 2017 and 2022 on expectations that demand would rise in line with the metal’s use in the batteries used in electric vehicles. Prices reached $US30,000 a tonne in late 2022, but a wave of Indonesian supply emerged in 2023 as new technology allowed low-grade material to be cheaply processed into top quality metal.

The extra supply pushed nickel prices below $US20,000 since mid-2023, forcing Australian miners like BHP and Panoramic Resources to mothball their Western Australian mines, refineries and smelters.

The price had slumped to $US14,110 a tonne at the London Metal Exchange on December 16, but has rallied to $US15,430 after reports of Indonesian production cuts. The price had not been above $US15,400 since May.

The recovery could help BHP’s nickel assets just 14 months before a self-imposed deadline to decide whether they should be permanently closed. BHP mothballed the assets last year in the belief the supply surge was a structural change to nickel markets, and not merely a cyclical one.

BHP announced at its August half-year results that it would attempt to sell the assets, but finding a buyer has proved difficult given the enormous rehabilitation obligations attached to them. If a buyer cannot be found, BHP will permanently shut the nickel division in February 2027.

Another potential winner from a nickel price recovery would be businessman Duncan Saville, whose companies control the mothballed Savannah mine in WA. The mine closures have seen Australian exports slump from about 180,000 tonnes in 2017 to 81,000 tonnes this year.

The Industry Department provided a gloomy outlook for the sector in a report published on December 19, predicting prices would stay low, and export volumes would fall further as IGO Limited prepared for the Nova-Bollinger nickel mine in WA to reach the end of its working life.

Closure of Nova would leave Glencore’s Murrin Murrin operation as the last remaining major nickel mine in the country.

Industry Department economists predicted Australia will ship just 49,000 tonnes of nickel in 2027; down 73 per cent in a decade.

Batteries account for about 16 per cent of global nickel demand, with the stainless-steel sector still buying about 63 per cent of the world’s nickel.

Fitch predicts nickel prices will average $US16,000 a tonne in 2026.

Silver continues to soar

Signs of recovery in nickel prices come as silver prices have soared. The precious metal was fetching $US28.83 an ounce on the final trading day of 2024, but soared to a record high $US79.27 on Boxing Day 2025.

Financial markets have traditionally used gold prices to determine an appropriate price for silver, and the rally in silver prices is partly linked to the earlier rally in gold prices over the last 12 months.

Very few mines are primarily focused on silver production, with the metal typically occurring as a byproduct at mines that are focused on copper, zinc or lead. Australia’s biggest silver producers include South32’s Cannington mine in Queensland, Glencore’s Mount Isa hub and BHP’s Olympic Dam.

Iltani Resources, an ASX-listed miner exploring for silver, zinc, lead and indium near Herberton in Queensland, is one producer that has seen its share price jump more than 200 per cent alongside the silver rally.

“It puts us in a really good position to hit 2026 with a really aggressive drill program,” said Iltani managing director Donald Garner. (AFR). *Full article and coverage via The Australian Financial Review

News

VC/Sports Biz/Tech News

Jake & Logan Paul Announce $30M Venture Fund Backing AI, Robotics Startups

Anti Fund, co-founded by YouTuber-turned-boxer Jake Paul and entrepreneur Geoffrey Woo, closed its oversubscribed $30 million Anti Fund I on December 3, bringing the firm’s total assets under management to more than $65 million. The firm named influencer and WWE star Logan Paul as a general partner, marking the first time the Paul brothers have become business partners.

According to a press release, the venture capital firm concentrates its investments in artificial intelligence and robotics companies. Anti Fund focuses on pre-seed and seed-stage ventures, as well as select growth-stage industry leaders. The portfolio includes OpenAI, Anduril, Ramp, Cognition, Polymarket, Flock Safety, and Physical Intelligence.

Investment Strategy

Anti Fund employs what it calls an “extreme barbell strategy,” making first checks of $100,000 to $500,000 for 10% ownership in technical founders, while also deploying $10 million or more in growth investments into industry leaders.

The fund’s limited partners include institutional investors Aquarian Holdings and Autilus Partners, as well as individual investors Marc Andreessen and Chris Dixon. Focuspoint Private Capital Group served as the exclusive placement agent for the fund.

Founder Background
Woo holds a bachelor’s degree with honors and distinction in computer science from Stanford and has co-authored numerous U.S. patents and peer-reviewed scientific papers.

Jake Paul built his career as a professional boxer and entrepreneur. Logan Paul founded PRIME, a beverage brand, and performs as a professional wrestler.

“Jake, what I realized is that he is essentially an avatar of the American dream, and I think Logan, in a very similar parallel sense, also represents that,” Woo said in an interview with FOX Business.

“When Jake named Anti Fund, I think we all share the same belief, that the people that create the future are the crazy ones that believe they can do it.”

Business Philosophy
The firm positions itself as founder-friendly, emphasizing what it calls the intersection of capital and attention. While capital remains a commodity, Anti Fund leverages the Paul brothers’ cultural influence to source founders and accelerate portfolio company growth.

Jake Paul discussed his long-standing interest in venture capital, noting he met with companies including Google, Uber, and Twitter in Silicon Valley as a teenager.“

Not only are we investors, but we can disrupt Logan with PRIME, me with W, Betr is always in the top five in the App Store is absolutely crushing it,” Paul told FOX.

“And these are companies that we’ve incubated ourselves, because if no one else is building it and we see a hole in the market, we can hire the best teams and grow and scale these companies in a major way.”

Anti Fund has incubated and funded several of Jake Paul’s business ventures, including W and Betr Media.

Rudy Sahay, founder and managing partner of Aquarian Holdings, said the fund closing “validates the confidence investors have in their strategy” and noted the firm “carved out a unique position at the intersection of frontier technologies and culture.”


Best Quotes

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky

News

Media Man Favs

TKO $216.11 -1.33 -0.61%
Alphabet Inc Class A $313.56 +0.050 +0.016%
Netflix Inc $94.15 -0.32 -0.34%
Paramount Skydance Corp $13.50 -0.090 -0.66%
Porsche Automobile Holding SE Unsponsored Germany ADR $4.60 -0.040 +0.86%
Mercedes Benz Group ADR $17.54 +0.11 +0.63%

 

 

Markets, Cryptos, Biz and Culture

Media Man Group

All That Glitters

Digital Bush Telegraph - Australia to Hollywood and Silicon Valley Edition; Media Watercooler

December 22, 2025
Sydney, Australia

December 21, 2025
Wall St, New York

Australian Dollar: $0.6610 USD (down $0.0003 USD) Iron Ore: $104.50 USD (down $US0.50)
Oil: $56.52 USD (up $0.51 USD)
Gold: $4,340.10 USD (up $9.48 USD)
Copper: $5.4835 USD (up $0.0610 USD)
Bitcoin: $88,482.84 +0.23%
Dow Jones: 48,134.89 (up 183.04 points)

BTC 88,851.95 +0.26%
BNB $861.43 +0.84%
Dogecoin $0.1320 +0.04%

Market Favs

Closed Today

TKO $213.44 +1.81 +0.86%
Alphabet Inc Class A +$307.16 +4.70 +1.55%
Netflix Inc $94.39 +0.39 +0.41%

News

Trading

Schwab CEO Rick Wurster draws a ‘bright line’ between investing and gambling

When it comes to encouraging customers to invest for the long haul or live in the fast lane, Rick Wurster says he knows where his brokerage stands. And it is not on the side of the guy dressed as a race-car driver. Wurster, appointed Charles Schwab’s CEO in January, has delivered higher profit this year thanks to individual investors’ mounting confidence in trading everything from stocks and bonds to options and exchange-traded funds. An extended rally has led some ordinary Americans into riskier, more-volatile markets.

News

Las Vegas

30 years, millions of lights and one big party at downtown Las Vegas’s Fremont Street Experience

In Vegas time, 30 years is long enough to feel like forever. It’s a monumental chunk of time wherein generations of locals and visitors may have no understanding of what came before. That’s how long we’ve had the Fremont Street Experience—the historic casino-lined five-block pedestrian promenade Downtown, covered mostly by the 1,375-foot LED-screen canopy flashing Viva Vision shows every night—instead of “Glitter Gulch,” what we called Fremont Street when you could drive your car there. When the canopy came to life, there was no Stratosphere tower in Las Vegas, no Bellagio fountains, no faux Eiffel Tower.

News

US

Congressman urges Commodity Futures Trading Commission to review Kalshi-CNN deal

Congressman Abe Hamadeh has called on federal regulators to review the partnership between news broadcaster CNN and prediction market platform Kalshi, warning that the deal posed risks to market integrity and even national security. In a letter to Commodity Futures Trading Commission Acting Chairwoman Caroline D. Pham, Hamadeh requested details on how the regulator is reviewing the partnership between Kalshi and CNN. He argued that the arrangement creates a conflict of interest as it allows a major news organization to potentially profit from geopolitical events.

News

More Intel

Dec 19

Central banks did not scare the dollar

Central banks prefer to pause

The strengthening of the dollar prevented gold from reaching a record high. Global central banks are diverging in their policy paths. In the wake of the Fed's decision, Britain and Mexico have lowered rates, whereas the eurozone, Norway, and Sweden have signalled a continued pause. The Bank of Japan tightened its policy, raising the overnight rate to its highest level since 1995 at 0.75%. Nevertheless, the US dollar strengthened against major world currencies on expectations of a prolonged pause in the process of lowering the federal funds rate. The Bank of England lowered the repo rate to 3.75% by five votes to four. Andrew Bailey warned of limited room for manoeuvre in the monetary expansion cycle in 2026. As a result, the futures market reduced its expected scale to 25 basis points. The pound initially strengthened, but a reassessment of US inflation data brought GBPUSD back down to earth. As expected, the ECB raised its eurozone GDP forecasts to 1.4% in 2025 and 1.2% in 2026. The central bank expects inflation to remain below target until 2028. Christine Lagarde did not encourage the ‘hawks’ who had previously discussed raising deposit rates. The Frenchwoman repeated the mantra that the European Central Bank is in a comfortable position. The EURUSD's inability to break through resistance at 1.176 resulted in a sell-off. The Bank of Japan raised its overnight rate to 0.75%. This outcome of the December meeting was predicted by all 50 Bloomberg experts. In this regard, after the BoJ's verdict, a sell-off of the yen began on the facts. Moreover, the Governing Council did not signal a continuation of the cycle of monetary tightening. The US dollar strengthened against major world currencies as investors ignored the slowdown in US core inflation to 2.6% in November. This is the lowest level since the beginning of 2021. After the shutdown, the BLS is experiencing problems with data. It will take time for confidence in it to return. The market's reluctance to take US consumer price statistics at face value played a cruel joke on gold. The precious metal hit a new local high but failed to reach a record high and was forced to retreat due to the strengthening of the US dollar. According to Goldman Sachs, structurally high demand from central banks for bullion and cyclical support from the Fed's rate cuts will continue to create tailwinds for XAUUSD. (FxPro)

News

U.S/Tech/Search/A.I News

Google executive addresses calls to slow AI, highlights security and energy focus

Executive cites cybersecurity and energy as key areas where AI growth can be beneficial

Google executive Royal Hansen responded to some lawmakers' calls to slow the development of artificial intelligence (AI) in the U.S., emphasizing the need to develop and use the technology responsibly rather than fall behind other countries.

"It's really… this idea of being responsible as we invest in and develop AI because there's a lot of upside to using AI well, whether it's in energy production or healthcare or science."

"But in cybersecurity," he continued, "it's an area where we need to keep people safe, help people learn to use AI well at the same time."

News

Dec 22

Australia

Dodgy $60m crypto mining scheme shut

The Federal Court last week ordered that NGS Crypto and two linked companies be wound up, with the three firms known collectively as the NGS digital mining scheme. The ruling followed an Australian Securities & Investments Commission investigation into the dubious scheme, with ASIC reporting that over 450 people invested about $60 million with the NGS companies over a period of six years. However, to date, only around $US4.5 million ($6.7 million) of that money has been traced. (RMS)

News

Dec 20

Show hits pay dirt, and some real gold

The Discovery Channel Australia will broadcast the 10th season of Aussie Gold Hunter from 8 January. The show was the highest-rating factual series across Foxtel's channels from 2017 and 2022, while it has an estimated global audience of 40 million people in 140 countries. Seven teams of gold prospectors will appear in the new season of Aussie Gold Hunters; the program is produced by Perth-based Electric Pictures, and executive producer Andrew Ogilvie says much of its appeal lies in its depiction of ordinary people finding gold - or not finding it. (RMS)

News

Dec 22

New-age 'showman' stalking Hollywood

Netflix and Paramount are battling for control of Warner Bros Discovery, with Netflix's bid for much of Warner Bros valued at $US72bn ($108.7bn). Some have claimed that Netflix co-CEO Ted Sarandos is trying to destroy Hollywood with its bid, but he has stated he views it as a win for the entertainment industry. He promised in a speech in Paris to keep films in theatres, although he told a Time magazine event this year that he views traditional filmgoing as being outmoded for most people. Producer Greg Berlanti has stated that Sarandos "has that old studio showman flair", while US President Donald Trump has spoken highly of him. (A.I Newsfeed)

News

Gold

Gold prices surged over 65% this year, nearing $4,400 per ounce.

Rising central bank buying and geopolitical risks are driving gold demand and outlook.

It’s hard to imagine gold having a better year in 2026 than it has this year.

The precious metal is up more than 65% this year and has been retesting highs set near Halloween, gaining 7.5% in the last month to get within sniffing distance of $4,400 per ounce.

Markets that achieve that kind of vertical lift — and gold prices as measured by SPDR Gold Shares (GLD) are up 33.7% annualized and roughly 140% cumulative over the last three years — nearly always have similarly scary pullbacks, so investors’ gold nerves are on edge.

And while gold has always been considered a hedge against rising prices and inflation has proven persistent and sticky, gold’s recent rise appears to have little to do with inflation and more to do with geopolitical risk, tariff concerns, a weakened dollar, and more.

News

Dec 20

Sharemarket caps weak year of returns amid blue-chip exodus

Australia's benchmark S&P/ASX 200 is set to underperform its global peers in calendar 2025. It is on track to post a gain of about six per cent, compared with 8.4 per cent in 2024 and 11.4 per cent in 2023; in contrast, the US and UK bourses are set to post double-digit returns, while the Hang Seng Index in Hong Kong has gained nearly 30 per cent. Tony Sycamore from IG notes that the S&P/ASX 200's performance would have been much worse if it had not benefited from a rally by the resources sector, which has gained about 25 per cent in the year to date; this has been primarily due to a surge in the price of gold. The S&P/ASX 200 rose 0.39 per cent to 8,621.4 points on Friday. (RMS)

News Flashback

Markets, Biz, News, Resources, Culture

December 19, 2025
Sydney, Australia

Australia and World

S&P/ASX 200 8588.20 +0.37%
S&P 500 6778.28 +0.85%
NIKKEI 49001.50 -1.03%
FTSE 9837.77 +0.65%
AUD/USD66.15 +0.23%
GOLD 4331.30 +0.23%
BITCOIN $84,747.60 -1.52%

News

Markets

ASX futures up 44 points/0.5% to 8627

Wall Street:
S&P 500 +0.8%
Dow Jones: +0.1%
Nasdaq +1.2%

Europe:
Stoxx 50 +1.1%
FTSE +0.7%
DAX +1%
CAC +0.8%

Australian dollar +0.1% to US66.12 cents

Bitcoin $85,077.30 -0.99%

Gold -0.3% to $US4325.33 per ounce

US oil +0.1% to $US55.98 a barrel

Brent crude oil +0.1% to $US59.71 a barrel

Iron ore +1.3% to $US105.00 per ton

10-year yield:
US 4.11%
Australia 4.74%
Germany 2.85%

News

Mining/Energy/Resources

Demand headwinds may put brakes on iron ore's run

The iron ore price has risen by about seven per cent so far in 2025, but Vivek Dhar from the Commonwelth Bank warns that oversupply concerns could soon see the price of the steel input fall below $US100 per tonne. He notes that demand headwinds are accelerating in China, while shipments from the Simandou project in Guinea have commenced. UBS in turn says factors such as rising iron ore port inventories, pressure on the steel sector and Simandou pose downside risks to iron ore prices. Despite the bearish outlook, the ASX 200 materials sector has gained 27 per cent in the year to date. (RMS)

News

Iron ore tipped to plunge into a bear market

Westpac is particularly bearish about the outlook for the iron ore price, forecasting that it will fall by 20 per cent to about $US83 per tonne by the end of 2026. The pessimistic forecast comes amid ongoing signs of a downturn in China's steel industry. Production fell by 11 per cent year-on-year in November, declining for a sixth consecutive month. In contrast, iron ore imports into China reached a record high during the first 11 months of calendar 2025, and inventories at the nation's ports have reached their highest level since March. (RMS)

News

US miners take on Simandou play in Guinea

The Rio Tinto-backed Simandou iron ore mine in Guinea is currently the world's biggest mining project. However, the Kon Kweni iron ore deposit in south-east Guinea is estimated to be of higher quality. It is owned by US-based Ivanhoe Atlantic, which has proposed a $US1.8bn mine and rail project to produce iron ore with 66.5 per cent purity. Ivanhoe Atlantic's president and CEO Bronwyn Barnes says every ton of iron ore produced at Kon Kweni will be reserved solely for US and allied supply chains. The company expects to start shipping ore in the first half of 2027, while it has received preliminary approval to list on the Australian sharemarket. (Roy Morgan Summary)

News

Bitcoin is holding, while Solana is on the edge

Market Overview

The crypto market capitalisation fell to $2.91T (-2.4% for the day). The surge at the start of the US session on Wednesday only fuelled the bears, who drove the market down to $2.89T by the end of the day, retreating only slightly from these lows. Under intense pressure, the major old altcoins — Ethereum, XRP, and Solana — retreated to multi-month lows, losing about 4% over the past 24 hours.

Bitcoin is trading near $87K, roughly where it was the day before. A sharp jump in price above $90K hit a wall of selling, and now just above this round level is a significant short-term resistance line, which was support until 14 December. However, it is also difficult for the market to find reasons to go below the $85K level, from which the price has been rebounding since the beginning of the week. Additionally, it is worth noting that BTC is trading significantly above its late November lows of $80K, outperforming major altcoins.

Solana's price fell to $123, testing an important support area from March 2024. Since its peak in September, this seventh-largest altcoin has lost half of its value. The technical rebound that began at the end of November has ended, and if support at $120 fails, the road down to $90 or even $70 will open up.

News Background

Long-term Bitcoin holders have almost completed their active selling phase, according to K33 Research, which anticipates a decrease in selling pressure. Over the past two years, 20% of the supply has returned to the market, and this process is almost complete.

Institutional investors have begun buying Bitcoin at a rate faster than miners can mine it, Capriole notes. For the first time since November, demand from companies has exceeded the inflow of new coins into the market amid a more than 30% drop in the asset from its October highs.

Strategy bought 641 bitcoins daily in 2025, according to Finbold Research. This allowed it to increase its holdings by 223,800 BTC (a 50% increase) in less than a year.

The capacity of the Lightning Network (LN) micropayment network has reached a historic high, thanks to technical improvements and the implementation of the solution by major exchanges. The growth of this indicator is a sign of demand for faster and cheaper transactions. (FxPro)

News

The dollar's wings have been clipped

Christopher Waller's dovish rhetoric halted the bears' attack on EURUSD.

Slowing British inflation caused the pound to fall, while the Bank of Japan is preparing to raise rates.

Christopher Waller's comments had as much of an impact on the US dollar as the US labour market statistics. The rise in unemployment to 4.6% and the acceleration in average private sector employment over three months from 13,000 in the summer to 75,000 in the autumn forced investors to change their views. They began to expect a prolonged pause in the monetary expansion cycle and a reduction in the federal funds rate to 3.75% in 2026. However, a senior FOMC official thinks differently.

Christopher Waller is one of the candidates for the position of Fed chair. He believes that the neutral rate is 2.75%, which is 100 basis points below current levels. This is significantly lower than the forecasts of the futures market. If the cost of borrowing falls to this level, Treasury yields will decline and the USD index will collapse. Moreover, the futures market is confident that the ECB's monetary expansion cycle is coming to an end. Investors are beginning to price in expectations of a rise in deposit rates. This is usually done when the risks of inflation accelerating increase or monetary policy becomes too loose. Neither of these conditions applies to the eurozone. It is too early to talk about a new trump card for EURUSD. On the contrary, weak data on business activity in the currency bloc and German business confidence from the IFO are disappointing ECB hawks and putting pressure on the euro. The regional currency appears too expensive. Japan has a different problem. The yen appears too cheap for a government fighting inflation. Therefore, Prime Minister Sanae Takaichi will not stand in the way of the Bank of Japan's intention to raise rates. Investors are eagerly awaiting Kazuo Ueda's signals about the regulator's actions in 2026. The BoJ is expected to very slowly normalise monetary policy. This fact supports the bulls on USDJPY. The slowdown in British inflation from 3.6% to 3.2% in November caused the pound to plummet. The futures market is confident that by April, the repo rate will be cut by 50 basis points to 3.5%. Investors doubt that the Bank of England will take a hawkish stance in December. They expect Andrew Bailey to signal a continuation of the cycle of monetary policy easing. (FxPro)

News

The Lead Up

Dec 18

ASX ends lower on oil stocks; miners rally

The Australian sharemarket lost ground on Wednesday, with the S&P/ASX 200 shedding 0.2 per cent to close at 8,585.2 points. Woodside Energy was down 2.4 per cent at $23.40, GrainCorp fell 15.5 per cent to $7.09 and DroneShield ended the session 12,1 per cent lower at $2.47. However, Liontown Resources was up 11.8 per cent at $1.51 and Humm Group rose 10.6 per cent to $0.73 in response to a takeover bid.

News

Markets/Resources/Commodities

Dec 18

Australian Dollar: $0.6600 USD (down $0.0030 USD) Iron Ore: $103.60 USD (up $US1.15)
Oil Price: $56.13 USD (up $0.94 USD)
Gold Price: $4,339.35 USD (up $28.14 USD)
Copper Price: $5.4205 USD (up $0.0545 USD)
Bitcoin: $85,642.68 USD (down 2.38%)
Dow Jones: 47,974.02 (down 140.24 points)

News

Currency Notes Under The Watercooler

Crypto Winter Darwinism

Digital asset treasuries were flying high earlier this year until bitcoin's sudden October crash. Now many of those companies are sitting on unrealized losses.

Over 180 public companies currently hold crypto on their balance sheets, with roughly 100 of that total having followed some version a the playbook that Strategy co-founder Michael Saylor pioneered in 2020 by issuing debt and equity to rapidly accumulate bitcoin.

Bitcoin's more recent volatility has prompted a sell-off across the digital asset treasury space.

Strategy's stock has fallen roughly 40% since bitcoin's Oct. 10 liquidation.

Investors have wrestled with Strategy's imitators even worse over the past month. KindlyMD (NAKA) has dived 39%. Eric Trump's American Bitcoin (ABTC) is down 60%. Anthony Pompliano's ProCap Financial (BRR) has fell 65%.

Other ether-holding treasury companies, like sports betting company SharpLink Gaming (SBET) and computing firm Bit Digital (BTBT), have seen their stocks tumble about 40% over the past two months.

"Market concerns on MSTR are overstated and there is no realistic scenario which threatens the longevity of MSTR," analyst Gautam Chhugani wrote in a note on Dec. 1. "However, several MSTR copy-cats may continue to trade at discount to their NAVs without a clear path to raise long term capital."

Restructuring and stronger players acquiring weaker ones are possibilities, according to Will Owens, a research analyst for Galaxy Digital.

"In other words, treasury companies are about to enter a Darwinian phase," Owens wrote earlier this month.

Bet with your head, not over it!

Best Quotes Of The Day

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

 

Markets, Cryptos and Pop Culture

Culture In Biz Series Edition

December To Remember

Dec 15
Sydney, Australia

Dec 14
Wall Street, New York Groove

Cryptos Struggling; All That Glitters
TKO To Naysayers Again! Thank You Cena!
Road To Royal Rumble
World Streaming Wars
Crypto Wolf Of Wall Street Works Weekends And Xmas
Online Media vs Legacy Media: Disruptors

Media Pop Culture Theme: "Another Brick In The Wall" aka "We Don't Need No Education" (Pink Floyd)
"Schools Out" (Alice Cooper)
Silicon Valley theme: "Stretch Your Face" (Tobacco)
"The Social Network" (score album for film)
"Hall of Fame" (The Script)
"Eight Days a Week" (The Beatles)
"The Wolf of Wall Street" ("Mercy, Mercy, Mercy" (Cannonball Adderley)
"Friday On My Mind" (The Easybeats)

December 15, 2025

Sin City Sydney, Australia

ASX futures down 51 points/0.6%, to 8659

Wall Street:

S&P 500 -1.1%
Dow Jones: -0.5%
Nasdaq -1.7%

Europe:

Stoxx 50 -0.6%
FTSE -0.6%
DAX -0.5%
CAC -0.2%

Australian dollar at US66.43 cents

Bitcoin $88,689.56 -1.83%

Gold +0.5% to $US4299.63 per ounce
US oil -0.3% to $US57.44 a barrel
Brent crude -0.3% to $US61.12
Iron ore -1% to $US100.45 per ton

10-year yield:
US 4.18% Australia
4.72% Germany 2.86%

Bitcoin

Bitcoin: (Near Live) $88,689.56 -1.83%

News Update: (Near Live)

News

New York/Wall St via Mr Wolf!
December To Remember!

Dec 14
Before The Bell; Bells To Be Rung

NYC!

Cryptos Today: (Near Live)

Cryptos tarnished again!

Bitcoin $88,689.56 -1.83%

Market ups and downs! Mood: Medium: Still picking up a little. Play the long game?! Hardcores keep dream, as always!

Media Man Favs:

(Near Live)

Bells Rung by Mr Wolf!
TKO hulks up Again! Going for submission on competitors?!
Christmas Grinch vs Santa.
Miners on hunt. Gamers full speed instead of socials. Gaming Awards: Tomb Raider: Atlantis!
Tech heads and grapplers watch streaming wars!
NYSE Bell Ringers With Trees! Prep for new Season's Beatings!
TKO kicks out again. Saturday Night's Main Event aftermath heading to WWE RAW and Road To Royal Rumble In UAE

Wall St, New York

TKO Group Holdings Inc $208.42 +4.12 +2.02%
NVIDIA Corp $208.42 +4.12 +2.02%
Formula One Group Series $86.41 -0.25 -0.29%
Alphabet Inc Class A $309.29 -3.14 -1.01%
News Corp Class A $26.22 +0.12 +0.46%
Netflix Inc $95.19 +1.10 +1.17%
Caterpillar Inc $597.89 -27.72 -4.43%
Trump Media & Technology Group Corp $10.65 -0.26 -2.38%
Tesla Inc $458.96 +12.09 +2.71%
Walt Disney Co $111.60 +0.14 +0.13%
Wynn Resorts Ltd $123.66 -1.19 -0.95%
Meta Platforms Inc $644.23 -8.48 -1.30%
Elders ADR $19.73 (US) (NYSE)
Mercedes Benz Group ADR $18.03 +0.12 +0.67%
Rio Tinto Ltd $96.29 +5.70 +6.29%
Paramount Skydance Corp $13.74 -0.38 -2.69%
Red Light Holland Corp $0.020 -0.00018 -0.87%
Volvo ADR (parent/owner of Muck Trucks) $31.94 -0.12 -0.37%
Porsche Automobile Holding SE Unsponsored Germany ADR $4.75 -0.030 -0.63%
Microsoft $478.53 -4.94 -1.02%

News

Global Markets React to Central Bank Decisions and Policy Outlooks

Stock indices

The Fed managed to please the American stock market by easing its policy and forecasting an increase in GDP from 1.8% to 2.3%, as well as a slowdown in inflation from 3% to 2.5% in 2026, while also discussing the positive impact of AI on productivity. As a result, the S&P500 experienced its most dramatic reaction to an FOMC meeting since March, and the Russell 2000 set a new record. A strong economy and inflation heading towards the 2% target present a prime opportunity for stocks. Along with increased productivity, this indicates that S&P500 companies may see growth in corporate earnings. Historical episodes in which the Fed cut rates and markets were near their peaks have shown higher levels 12 months later in every case.

However, expectations for the next rate cut have now shifted to April, removing the indexes safety buffer. There may be renewed talk of a tech giant bubble, as evidenced by Oracle's shares plunging sharply after the company reported disappointing earnings.

According to Yardeni Research, investors should diversify away from the "Magnificent Seven" and seek opportunities in other issuers, as artificial intelligence is transforming nearly every company into a technology firm.

What is ahead

The key events of the third week of December will be the release of US labour market data for October and November, as well as central bank meetings. The ECB, the Bank of England and the Bank of Japan will have their say. Investors will also pay attention to European business activity data for December.

Jerome Powell says that FOMC officials have similar views on the US economy but differ in their assessment of its risks. Hawks are concerned about high inflation, while doves are worried about the cooling labour market. If employment figures disappoint, derivatives will shift expectations of monetary policy easing from April to March, and possibly even January. This will weaken the dollar. On the other hand, a pleasant surprise from non-farm payrolls will allow the USD to recoup some of its losses. While no changes are expected from the ECB, the Bank of England is 90% likely to cut its repo rate to 3.75%. However, the negative is already priced into the pound, and in the event of hawkish comments, the pound could strengthen. The fate of the yen will depend on the outlook for the Bank of Japan's leadership. Few doubt that the overnight rate will be raised, but what next? (FxPro)

News

'I love solving puzzles': How AFP's crypto sleuth tracks ill-gotten gains

Abigail Gibson is the Australian Federal Police's only cryptocurrency forensic accountant, a role she has held since 2022, after she first joined the AFP as a forensic accountant in 2017. Gibson uses blockchains to look for clues that might be able to connect individuals to money laundering, scams or sales of illicit goods and services on the dark web, and she says that "cryptocurrency is a well-established method for criminals to attempt to hide their wealth and transfer assets". Her work includes aiding the AFP's Criminal Asset Confiscation Taskforce, which has frozen $65 million in cryptocurrency assets since July. (AFR)

News

Miners lift ASX after Fed; Oracle hits tech

The Australian sharemarket posted a small gain on Thursday, with the S&P/ASX 200 adding 0.2 per cent to close at 8,592. The resources sector was bolstered by a rise in the gold price after the US Federal Reserve's decision to reduce the cash rate for a third time; Ramelius Resources advanced 6.7 per cent to $3.81 and Rio Tinto was up 1.8 per cent at $140.01. However, a sharp fall in Oracle's share price weighed on local technology stocks, with WiseTech Global shedding 2.2 per cent to end the session at $70.99. (AFR/Roy Morgan Summary)

News Flashback

Dec 11

Bitcoin attempts to break the short uptrend

Market Overview

The crypto market cap has been in a see-saw pattern over the past three weeks, exhibiting a gentle uptrend that has returned to the $3.08 trillion level during a consolidation phase. With no clear trend, crypto traders have reduced their activity in altcoins, waiting for the trend to recover in the first cryptocurrency and key stock indices.

Bitcoin jumped to $94.5K on Wednesday evening in response to the Fed's announcement of a bond-buying programme and a key rate cut. But this link to stocks played a cruel joke. The fall in Oracle shares dragged the Nasdaq-100 to eight-day lows, and BTC rolled back to $90K. The market is testing the strength of the modest uptrend that has been forming since 21 November. A drop below $88K would break this trend, bolster bearish sentiment and confirm the end of the recovery rally.

News Background

Public and private companies have increased their Bitcoin reserves by 448% since the beginning of the year to 1.08 million BTC, according to Glassnode. The corporate sector remains a key driver of demand for digital gold.

ARK Invest CEO Cathie Wood believes that large companies buying cryptocurrency for long-term storage could prevent BTC from falling 75-90% as it has in the past.

Strategy founder Michael Saylor announced the company's plans to acquire as much Bitcoin as possible. Mayside Partners believes that such plans are economically unsound. This is not innovation, but cascading leverage on speculative collateral — a model that has failed time and time again.

The American Federation of Teachers (AFT) has called on the US Senate to withdraw the cryptocurrency bill on ‘responsible financial innovation,’ which will be considered next week. The organisation pointed to the risks to pension savings and the country's economy.

Twenty One Capital, a big Bitcoin holder, has entered the stock market. The company's shares fell 20% on their first day of trading on the NYSE. The firm ranks third among public holders of the first cryptocurrency with 42,000 BTC (~$3.9 billion). (FxPro)

News

Crypto market awaits the final battle of the year

Market Overview

The crypto market lost just over 1% in 24 hours to $3.08T, falling back to the consolidation levels of late November. Attempts to shake up the market at the beginning of this month were unsuccessful for both bulls and bears. Excluding this impulse, the market has been treading water for almost two weeks, hovering around the 23.6% correction rebound line from the October-November decline. Such a shallow rebound could be a sign of a strong bear market, but this will only be confirmed if November's lows of $2.73T are updated.

Bitcoin is trading near $90K, having crossed this level for the fifth consecutive day. An upward trend line can be drawn through the lows of late November, but BTC is now trading dangerously close to this line. At the same time, horizontal resistance has formed in the $92K area, bringing the positions of bulls and bears closer together over time and promising a decisive battle by the end of this week. It could not only be the last significant battle of the year but also determine the trend for the coming months.

News Background

Short positions on Bitcoin have recorded their largest outflow since March 2025, when the price of BTC was near its lows. Investors likely believe that the current surge in negative sentiment has bottomed out, according to CoinShares.

According to Glassnode, the reserves of long-term Bitcoin holders fell to a cyclical low in November. This marks the end of the spot sell-offs that have hindered market growth throughout 2025.

Ethereum exchange reserves have fallen to record lows, which could signal an imminent supply crisis, according to CryptoQuant. Since July 2025, the indicator has fallen by about 20%.

The largest American investment company, BlackRock, has applied with the SEC to register an ETF that will allow investors to earn income from staking Ethereum without directly owning the cryptocurrency.

Strategy has increased its weekly Bitcoin purchases to their highest level since July. The company bought 10,624 BTC ($963 million) last week at an average price of $90,615 per coin. Strategy now owns 660,624 BTC, purchased for $49.3 billion at an average price of $74,696 per Bitcoin. (FxPro)

News

Streaming Wars: Netflix vs Paramount (for Warner Bros) aka WBD. What's Up Doc?!

Paramount makes hostile bid for Warner Bros. Discovery

Dec 9

Paramount Skydance has directly approached Warner Bros Discovery's shareholders with a takeover offer; it has opted to bypass the rival media group's board, contending that Warner's directors have backed an "inferior proposal". Paramount has proposed a cash offer of $US30 per share, valuing its bid for the entire company at about $US108bn. It is seeking to trump Netflix's deal to acquire some of Warner's assets for around $US83bn, which has been approved by the boards of both companies. Warner has rejected Paramount's claims that its sale process had favoured a single bidder.

*Developing news story "The Streaming Wars"

News

Australia - USA Connection

World Leaders Condemn Bondi Beach Attack

Many Small Crypto Bears Sell Out; Tests Patience To Often; Bulls Controlling Market For Long Haul

News

56 hours ago +

Developing Story

The crypto market tries to form an uptrend

Market Overview

The crypto market soared by almost 7% over the past day, reaching a capitalisation of $3.15T and forming a higher local peak compared to Sunday. The mood on the crypto market was buoyed by moves from institutional giants Vanguard and Bank of America to open access to digital assets for their clients. Combined with the fact that the low point on December 1st is higher than the lows on November 21st, we are seeing a series of vital signs of an upward trend forming. However, a conservative view suggests that fluctuations below $3.38T are a correction from the previous decline.

Bitcoin approached $94K on Wednesday morning, recovering half of its losses from the sell-off between November 11th and 21st. Considering the entire decline from its October peak, BTCUSD remains trading below $ 98K as part of the correction. The $98-100K range contains three psychologically significant levels: the 50-day average, early November support, and 61.8% of the decline from the peak. Consolidation above this level could convince buyers that crypto winter has not arrived.

News Background

Vanguard, the world's second-largest investment company by assets, will open access to crypto ETF trading for its clients on December 2nd. The company had previously stated that it would avoid Bitcoin funds because cryptocurrency is an “immature asset class” and does not fit with the company's philosophy.

Bank of America, one of the largest banks in the United States, has recommended that its institutional clients allocate 1% to 4% of their portfolios to cryptocurrencies. Previously, investors were unable to access cryptocurrencies because advisors were prohibited from recommending such instruments.

The four-year cycle theory has ceased to work, so Bitcoin has a chance to reach new highs in 2026, according to Grayscale. Analysts believe there are already some signs that Bitcoin has likely bottomed out.

News (from Friday: Sydney)

ASX up as tech stocks rally, WiseTech gains

The Australian sharemarket posted a modest gain on Thursday, with lower trading volumes ahead of Wall Street's closure for Thanksgiving Day; the S&P/ASX 200 added 0.1 per cent to close at 8,617.3 points. WiseTech Global was up 6.9 per cent at $69.72, Bellevue Gold rose 3.2 per cent to $1.29 and Reece advanced four per cent to $12.73. However, DroneShield was down 7.8 per cent at $2 and Santos fell 1.8 per cent to end the session at $6.44. (RMS)

News

The Dollar's new edge: from shield to sword

The dollar is losing its safe-haven status. • The scale of the Fed's rate cuts has been overestimated. • The yen is the main favourite for 2026.

BoJ may not raise rates until March. If the US dollar was previously a shield, it is now turning into a sword. (FxPro)

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Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series; Crack The Code!

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Triple H vs (many) Washington Cena Fans!

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Crypto Movies/Docos

The Rise and Rise of Bitcoin (2014)
Follows early Bitcoin adopter Daniel Mross, exploring Bitcoin’s origins, its volatile rise, and the community behind it. Great for understanding Bitcoin’s early days and its potential to disrupt finance.

Banking on Bitcoin (2016)
Examines Bitcoin’s history, ideological roots, and impact on global financial systems through interviews with pioneers and experts. A solid primer for newcomers.

Cryptopia: Bitcoin, Blockchains, and the Future of the Internet (2020)
Directed by Torsten Hoffmann, this documentary dives into blockchain’s broader applications beyond cryptocurrency, addressing scalability and regulatory challenges. Ideal for those interested in blockchain’s transformative potential.

Trust Machine: The Story of Blockchain (2018) Narrated by Rosario Dawson, it explores blockchain’s societal impact, from financial inclusion to voting systems. A comprehensive look at real-world applications.

Bitcoin: The End of Money as We Know It (2015)
Traces the history of money and introduces Bitcoin as a decentralized alternative, critiquing centralized financial systems. Features interviews with crypto experts.

Deep Web (2015) Narrated by Keanu Reeves, this documentary focuses on the Silk Road marketplace and its creator, Ross Ulbricht, highlighting Bitcoin’s role in dark web transactions.

Bitconned (2024) Explores the Centra Tech crypto scam, detailing how three individuals defrauded investors during the 2010s crypto boom. A cautionary tale about unregulated markets.

Feature Films

Crypto (2019)
A crime thriller starring Beau Knapp, Luke Hemsworth, and Kurt Russell. It follows a young anti-money laundering agent investigating corruption and cryptocurrency in his hometown. Critics note its exaggerated portrayal but praise its entertainment value.

Silk Road (2021)
A dramatization of Ross Ulbricht’s creation of the Silk Road, a dark web marketplace using Bitcoin. It explores his rise and fall, blending crime and drama.

Dope (2015) A coming-of-age comedy-drama featuring Bitcoin as a plot device. High schooler Malcolm uses Bitcoin for a dark web transaction, reflecting its early association with illicit activities.

Bonus Mentions

Life on Bitcoin (2014): Follows a couple attempting to live solely on Bitcoin for 100 days, showcasing early adoption challenges.

Bitcoin Heist (2016): A Vietnamese action-comedy about hackers chasing a crypto criminal, blending humor and thrills.

Notes Documentaries are generally more educational, focusing on Bitcoin’s history, blockchain technology, and real-world implications. They’re great for beginners and enthusiasts alike.

Feature films often dramatize crypto’s association with crime or scams, sometimes oversimplifying or exaggerating for effect. They prioritize entertainment over accuracy. For a deeper dive, check streaming platforms like Prime Video, Fandango at Home, or YouTube, where many of these are available.

News

Wall Street (Movie)
Wall Street (1987), directed by Oliver Stone, is a drama about ambition and greed in the 1980s financial world. It follows Bud Fox (Charlie Sheen), a young stockbroker desperate to succeed, who gets entangled with Gordon Gekko (Michael Douglas), a ruthless corporate raider. Gekko’s mantra, “Greed is good,” drives the story as Bud is lured into insider trading and unethical deals, compromising his morals for wealth and power.

The film explores themes of capitalism, loyalty, and betrayal, with Bud navigating pressures from Gekko, his father (Martin Sheen), and his own conscience.

Key Details: Cast: Michael Douglas (Gordon Gekko), Charlie Sheen (Bud Fox), Daryl Hannah (Darien Taylor), Martin Sheen (Carl Fox).
Runtime: 2h 6m.
Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).

Awards: Michael Douglas won the Academy Award for Best Actor.

Notable Aspects:

Gekko’s “Greed is good” speech is iconic, reflecting 1980s excess. Inspired by real-life figures like Ivan Boesky and Michael Milken.

A sequel, Wall Street: Money Never Sleeps (2010), continued the story.

Where to Watch (as of 2025):
Streaming: Available on platforms like Peacock or rentable on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.

News

Best Quotes

An investment in knowledge pays the best interest." — Benjamin Franklin

"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." — Jim Rogers

Be fearful when others are greedy and greedy only when others are fearful." — Warren Buffett

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Bullish News

 

Bullish, the Peter Thiel-backed cryptocurrency exchange, and its upcoming IPO. Bullish is targeting a valuation of up to $4.82 billion, aiming to raise nearly $990 million by offering 30 million shares priced between $32 and $33 each on the NYSE under the ticker BLSH. This is an increase from its earlier plan to raise $629 million at a $4.23 billion valuation with 20.3 million shares at $28-$31 each. The company, which owns CoinDesk and focuses on institutional crypto trading, plans to convert a significant portion of IPO proceeds into U.S. dollar stablecoins, capitalizing on regulatory clarity from the Trump administration’s GENIUS Act. Despite a $349 million loss in Q1 2025, institutional interest from BlackRock and ARK (up to $200 million) signals strong market confidence. This IPO reflects growing optimism in the crypto sector, though its success will hinge on Bullish’s ability to manage volatility and prove profitability as a regulated exchange.

 

 

 

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News, Crypto, Markets, Biz, Politics, Media

March 13/14, 2025

Crypto: just a bumpy downtrend

Market picture

The crypto market declined during the week to a total capitalisation of $2.5 trillion, a third lower than the peaks in December last year. However, towards the end of the week, we could see attempts to stabilise the market, with a rebound of $2.67 trillion.

Despite the growth attempts, only if the market breaks above its 200-day moving average will we be able to take it as a signal of a return to growth. For now, the market dynamics resemble no more than just a bumpy downtrend.

The story is similar in Bitcoin, where the bears are regaining control of the market on bounces to the $83,500 area. A 200-day moving average is near this level.

Ethereum is in a steep decline, having pulled back below $1900. At its low point, it was below $1750. It hasn't been this cheap since October 2023, losing over half of its price since its peak in mid-December.

News Background

Outflows from spot bitcoin-ETFs in the US continue for the seventh day in a row, with 19 trading sessions out of 21 already.

CryptoQuant calls the range of $75,000 - 78,000 as support, which coincides with the lower boundary of the realised price. If the quotes are fixed below this zone, the $63,000 mark may become a benchmark.

Senator Cynthia Lummis introduced an updated Bitcoin Act bill in the US Senate that would allow the government to store more than 1 million bitcoins as part of a newly created crypto reserve. The US can buy 200,000 BTC each year for five years, reallocating funds from the Fed and Treasury Department.

The US SEC has extended the deadlines for several applications to launch spot ETFs based on XRP, Solana, Litecoin and Dogecoin. Bloomberg called the regulator's move ‘expected’ and in line with standard procedures. (FxPro)

News

The crypto bounces back from extreme fear

Market picture

The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a small rebound after the collapse. We should not talk about the beginning of recovery as long as the market is below its 200-day moving average of $2.83 trillion.

Sentiment in the crypto market has shifted from dread to fear at 34. The indicator was last higher more than three weeks ago, indicating that now is a good time to buy. However, it's worth paying attention to the nervous stock market before considering investments in more volatile cryptocurrencies.

Bitcoin was climbing above $83,000 on Tuesday, hitting resistance in the form of the 200-day moving average. If a long-term trend line is repurposed as resistance, that's a worrisome bearish fact.

Ethereum ended Tuesday with growth and was trading near $1900 at the start of Wednesday, but this is a timid rebound within the steep peak the coin has been in since February 24th and the broader downtrend of the past three months.

News Background

CryptoQuant states a sharp drop in open interest in Bitcoin and Ethereum futures, suggesting a ‘leverage washout’ and a chance of market stabilisation. The Kobeissi Letter admits a wave of short position unwinding in risk assets after extreme fear levels are reached.

Clearstream, the post-trading arm of Deutsche Börse, will offer cryptocurrency settlement and custody services to institutional clients as early as next month, starting with Bitcoin and Ethereum. It then plans to add support for other cryptocurrencies and services for staking, lending and brokerage.
Glassnode notes that Solana fell below its realised price of $134 for the first time in three years. The metrics show the average cost for investors to purchase the coin.

According to Arkham Intelligence, on 11 March, bankrupt exchange Mt. Gox transferred 11,501 BTC (~$905 million) to an unknown address. Mt. Gox-related addresses hold a total of 35,915 BTC worth $2.89bn. (FxPro)

News

Gold hits fresh record

March 14, 2025

Spot gold hit a fresh record high on Friday after the US threatened higher tariffs on the EU, adding to growing concerns that levies could hamper economic growth.Prices rose as high as $US2990.02. It came after spot gold notched its biggest intraday gain this year on Thursday, rising 1.9 per cent. US President Donald Trump overnight threatened to impose 200 per cent tariffs on alcohol from the European Union, after the block set a 50 per cent tariff on American whisky.

News

Trump crypto venture has talked to Binance about doing business

March 14, 2025

World Liberty Financial, one of the Trump family’s crypto ventures, has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings, according to four people with knowledge of the talks.

The exchange’s founder pleaded guilty to failing to take required measures to prevent terrorists, child abusers and entities in sanctioned nations from using its services.

It’s not clear what stage the discussions have reached or whether they’ll result in any transactions or ventures, said the people, who asked not to be named because the talks are private.

Two of the people who spoke said conversations have included the possibility of Binance developing a stablecoin – a dollar-backed cryptocurrency – with World Liberty, which President Donald Trump and his sons began promoting in September. The Trumps receive three-quarters of World Liberty’s net revenue, according to its founding documents.

In addition, representatives of the Trump family have held talks with Binance about taking a stake in its US arm, Binance US, The Wall Street Journal reported on Thursday (Friday AEDT), citing people familiar with the matter. In a post on X, Binance founder Changpeng Zhao said he has not held discussions about a Binance US deal with anyone.

Zhao pleaded guilty in 2023 to anti-money laundering failures that allowed Binance to be used by criminal groups and terrorist organisations, including Hamas.

Zhao, known as “CZ”, was released from a halfway house in Long Beach, California, in September after serving a four-month sentence. Binance paid a $US4.3 billion fine. Zhao has been pushing for the Trump administration to grant him a pardon, according to the Wall Street Journal’s report.

Three months after leaving the halfway house, Zhao met with Steve Witkoff, a co-founder of World Liberty, in Abu Dhabi at the Bitcoin MENA 2024 conference, two of the people said. Witkoff is the president’s Middle East envoy. He is slated to meet with Russian President Vladimir Putin this week as part of the Trump administration’s efforts to halt the fighting that began when Russia invaded Ukraine three years ago.

The substance of Witkoff’s meeting with Zhao in December is not clear. Talks between the crypto companies they founded have taken place since then, according to the four people with knowledge of the matter.

Witkoff did not immediately respond to a request for comment, nor did a White House spokesperson. Witkoff has said he’s in the process of divesting from his crypto assets as well as his holdings in real estate, transferring holdings to his sons to manage potential conflicts of interest.

A representative for Binance US declined to comment on Thursday, and representatives for World Liberty did not respond to requests for comment.

Zhao is still Binance’s controlling shareholder, with a net worth of $US36.9 billion ($58.7 billion), according to the Bloomberg Billionaires Index. He stepped down as its chief executive officer in November 2023, when he pleaded guilty to failing to maintain an anti-money laundering program.

Richard Teng, who replaced Zhao, said in February that he sees an opportunity for a “fresh reset and a restart” under Trump, though he did not specify any plans. (Full article and coverage via subscription to The Australian Financial Review)

News

SEC Proposes XRP as Key U.S. Financial Asset

The U.S. Securities and Exchange Commission (SEC) has released a document titled 'Comprehensive Proposal: XRP as a Strategic Financial Asset for the U.S.' This proposal explores the potential for XRP to become a key financial asset, discussing the replacement of the SWIFT system, legal clarity for XRP, and economic benefits like unlocking $1.5 trillion in banking liquidity. Discussions are also underway regarding whether XRP should be classified as a commodity, similar to Ethereum, which could influence its regulatory and market future.

News

Rumble's Strategic Bitcoin Acquisition

March 13, 2025

Rumble, a video platform and competitor to YouTube, has announced the purchase of 188 Bitcoins for approximately $17.1 million. This acquisition is part of Rumble's strategy to integrate Bitcoin into its treasury management, aiming to hedge against inflation and participate in the growing trend of corporate cryptocurrency adoption. The move reflects a broader acceptance of Bitcoin as a legitimate financial asset among companies.

March 11, 2025

Bitcoin Plunge and U.S. Crypto Reserve Plan

Bitcoin experienced a significant price drop, falling below $80,000 after reaching a high of over $84,000. This decline contributed to a market cap loss of $100 billion in the cryptocurrency sector. Concurrently, the U.S. government has announced plans for a Strategic Bitcoin Reserve, intended to hold cryptocurrency forfeited through legal actions, sparking discussions on market stability and government involvement in crypto. (Grok)

News

US confirms its critical minerals agenda as fallen miner AVZ chases an improbable African prize

A spokesman for the US State Department has confirmed that the Trump administration is interested in entering into a critical minerals partnership with the Democratic Republic of the Congo (DRC). DRC President Felix Tshisekedi is said to want to strike a deal with the US to help resolve a conflict with Rwanda-backed M23 rebels, while any deal between the DRC and the US could help Australian company AVZ Minerals. AVZ is seeking to regain control of the Manono lithium deposit, which it contends was illegally seized from it by Chinese company Zijin, and it is understood that the Trump administration would want to see AVZ regain control of at least some part of Manono as part of any deal with the DRC. (Roy Morgan Summary)

 

News

Markets

Australian Dollar: $0.6282 USD (down $0.0035 USD)
Iron Ore Apr Spot Price (SGX): $102.20 USD (up $1.60 USD)
Oil: (WTI): $66.61 USD (down $1.09 USD)
Gold: $2,983.88 USD (up $52.14 USD)
Copper (CME): $4.9240 USD (up $0.0815 USD)
Bitcoin: $80,472.06 USD (down 2.82% in last 24 hours)
Dow Jones: 40,813.57 (down 537.35 points)

 

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September 18. 2024

The crypto market gets a boost from stocks

Market Picture

The crypto market has gained 2.1% in the last 24 hours to reach $2.08 trillion. The rise in the stock market has brought buyers back to Bitcoin, which has positively impacted cryptocurrencies. The sentiment index is still in the fear zone, but at 45, it is already close to neutral territory. This shows that it is lagging stocks where sentiment has shifted to 'greed'.

Bitcoin surpassed $60K, accelerating sharply at the start of the US session. The price peaked at $61.3K before retreating to $60.4K at the time of writing.

Despite some pullback, bitcoin has broken above its 50-day moving average, suggesting significant upside potential. However, it isn't easy to rely on today's technical picture ahead of the Fed's interest rate decision on Wednesday evening. The next important level is likely to be around the $64K, where the late August high and the 200-day average are located.

News Background

JPMorgan sees bitcoin hash rate growth slowing as miner revenues remain at historic lows. Meanwhile, US Bitcoin miners' share of the network hash rate rose for the fifth consecutive month to 26.7%, an all-time high.

MicroStrategy will place $700 million in four-year unsecured convertible notes to acquire additional bitcoins and fund general corporate purposes.

According to Arkham, the Bhutanese government's bitcoin holdings amount to 13,036 BTC ($770 million), almost three times El Salvador's reserves. The country has the world's fourth-largest stockpile of BTCs, derived from mining by a sovereign wealth fund.

The crypto industry is no longer able to provide 'dopamine' to either developers or traders. That is why it is in crisis, said CryptoQuant CEO Ki Young Ju. According to him, the crypto industry is gradually turning into a 'gambling den'.

Developers Curve Finance and TON Foundation will create a platform for trading stablecoins on the TON blockchain. The new initiative will meet the growing demand for stablecoins and increase the liquidity and popularity of the network's Web3 ecosystem.

 

 

Markets and Commodities

September 11, 2024

Australian Dollar: $0.6650 USD (down $0.0010 USD)

Iron Ore Oct Spot Price (SGX): $91.00 USD (down $1.35 USD)

Oil Price (WTI): $66.31 USD (down $2.49 USD)

Gold Price: $2,516.51 USD (up $11.13 USD

Copper Price (CME): $4.1050 USD (down 0.0365 USD)

Bitcoin: $57,669.72 USD (down 0.38% in last 24 hours)

Dow Jones: 40,736.96 at 4.59pm NY time (down 92.63 points on yesterday's close)

 

 

Market, Commodities and Financial News

Snapshot via Media Man

September 11, 2024

ASX futures down 3 points or 0.04% to 7997 near 6am AEST

AUD -0.1% to 66.58 US cents

Bitcoin +1.4% to $US57,885

Dow -0.3%

S&P +0.4%

Nasdaq +0.8%

FTSE -0.8%

DAX -1.0%

CAC -0.2%

Gold +0.3% to $US2514.88 an ounce

Brent oil -3.2% to $US69.52 a barrel

Iron ore -0.8% to $US91.00 a tonne

 

 

 

 

Movie Box Office (North America)

September 8, 2024

1. Beetlejuice Beetlejuice - $110m

2. Deadpool and Wolverine - $7.2m

3. Reagan - $5.2m

4. Alien: Romulus - $3.9m

5. It Ends with Us - $3.8m

6. The Forge - $2.9m

7. Twisters - $2.3m

8. Blink Twice - $2.2m

9. Despicable Me 4 - $1.8m

10. The Front Room - $1.7

others ...

Afraid

Inside Out 2

Coraline

The Crow

Trap

Stree 2

Borderlands

Harold and the Purple Crayon

Cuckoo

Longlegs

The Firing Squad

A Quiet Place: Day One

Bad Boys: Ride or Die

The Fabulous Four

Fly Me to the Moon

Raayan

Bad Newz

MaXXXine

The Bikeriders

Sound of Hope: The Story of Possum Trot

Horizon: An American Saga

The Lion King

Kalki 2898 AD

Kinds of Kindness

The Garfield Movie

Kingdom of the Planet of the Apes

Jatt & Juliet 3

Blue Lock Thee Movie - Episode Nagi

Daddio

Janet Planet

The Watchers

IF

The Exorcism

Thelma

GHOST Rite Here Rite Now

Furiosa: A Mad Max Story

The Fall Guy

The Strangers: Chapter 1

The Lord of the Rings: The Fellowship of the Rings

Haikyuu!! The Dumpster Battle

In a Violent Nature

Ezra

Sight

* Correct at time of publication

 

 

Markets And Commodities

August 20, 2024

Australian Dollar: $0.6728 USD (up $0.0063 USD)

Iron Ore Sep Spot Price (SGX): $95.00 USD (up $2.70 USD)

Oil Price (WTI): $74.43 USD (down $2.22 USD)

Gold Price: $2,504.11 USD (down $4.07 USD)

Copper Price (CME): $4.1975 USD (up $0.0470 USD)

Bitcoin: $59,144.75 USD (down 1.09% in last 24 hours)

Dow Jones: 40,896.53 (up 236.77 points on Friday's close)

 

 

News via Media Man and FxPro

August 16, 2024

Gold: Third Time Lucky?

Gold has been rising steadily since the end of last week and is attempting to consolidate above $2470 per troy ounce on the spot market for the third time in the last 30 days. Gold has moved in tandem with equities this month, but it is worth noting that it fell less aggressively during the panic and outpaced the rally.

So, gold is riding on a global recovery in demand for risk assets, but it has the fundamental support in its arsenal that has pushed the price to repeated all-time highs since March.

A trend line can be drawn across the local lows of May from which gold rallied in the early days of August. Combined with local resistance at $2475, this forms a bullish triangle with a high probability of a breakout.

The next upside target is $2500. This is the psychologically important round level and the resistance line of the uptrend drawn by the April, May and July highs.

As far as more distant growth targets are concerned, the $2800-2900 area is worth mentioning. The upper boundary of this range is the 261.8% Fibonacci level of growth from the September-October 2022 lows to the April 2023 highs.

The lower boundary of the range is formed by the 161.8% level of the growth impulse from the October lows to the April-May highs. This rally began with the first signs of a shift in the Fed's monetary policy, supported by tensions in the Middle East and the desire of some central banks to diversify their reserves away from the dollar.

News

Dollar and risk appetite rise on upbeat data

Weak macro data in early August triggered a simultaneous sell-off in equities and the dollar on fears of an economic meltdown. Over the past ten days, however, several important statistical releases have changed expectations.

Thursday's retail sales and weekly jobless claims figures triggered a simultaneous rise in the dollar and equities, a rare and volatile phenomenon in US markets.

Retail sales rose 1% in July, a decisive step higher after three months of fluctuating around 0.2%. Excluding autos, sales rose 0.4%, after gains of 0.8% and 0.3% in the previous two months. The nominal year-on-year increase of 2.8% does not cover inflation (2.9%), but it is not yet a nominal contraction as in the recessions of 2008 and 2020.

The weekly jobless claims data continues to be positive. Initial claims fell by 7k after falling by 16k to 227k, the lowest level in five weeks. Almost exactly a year ago, there was a similar spike in claims, but it did not lead to a sustained rise in the number, and the labour market has been surprisingly strong for many months.

The dollar has rallied on the back of these reports as markets revise expectations for the pace of interest rate cuts in the coming months. This move may be an attempt by the dollar to reverse the downtrend that has been in place since April and accelerated in August.

The positive reaction of stock indices in the short term is understandable, as it calms fears of a recession. In the longer term, however, higher bond yields will limit the buying of equities.

News

US inflation hardly justifies a 50 b.p. cut

August 15, 2024

The US inflation report was in line with expectations, showing a 0.1 percentage point slowdown in July to 2.9% y/y for the headline measure and 3.2% y/y for the core measure, which excludes food and energy.

Tuesday's producer price data showed a marked slowdown in the annual rate of growth, from 2.7% to 2.2% y/y for the headline index and from 3.0% to 2.4% for the core index. Just as importantly, the data came in below average analyst estimates, triggering a wave of dollar selling.

The markets have been convinced for some time that the Fed will begin a cycle of rate cuts in September. The main speculation is for a move of 0.25 or 0.50 percentage points. At the time of writing, interest rate futures are pricing in a 36% chance of a half-point cut at once. However, these expectations have weakened since 5 August due to reduced labour market concerns.
The inflation data alone does not provide a case for a rate cut, let alone a 50-point cut in September and a 100-point cut by the end of the year (the most likely scenario, according to FedWatch estimates). While inflation is on a downward trajectory, it's been above the 2% target for three and a half years. And it will take a prolonged period of below-target price increases for the Fed to implement its "average over the period" inflation strategy.

It is also worth considering the impressive pullback in oil and agricultural commodity prices to 4–6-year lows. Their recovery from extreme lows is likely to be a side effect of policy easing and could trigger a new wave of price increases, as happened in the 1980s.

Only the labour market is seen as a real reason for the Fed to change policy, so mentioning its cooling was an important point in the official FOMC commentary on monetary policy. However, we believe that attention should also be paid to indicators of consumer activity, including Thursday's retail sales data, the stagnation of which has become an important harbinger of the global financial crisis.

 

Bitcoin drops 10pc as rout deepens

August 5, 2024

 

Bitcoin is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss since the collapse of the FTX exchange in 2022.

The original cryptocurrency sank more than 10 per cent at one point before paring some of the decline to trade at $US54,333 ($83,590). The token lost 13.1 per cent in the seven days through Sunday, the most since the FTX bankruptcy period. Smaller tokens such as ether and meme-crowd favourite dogecoin also nursed heavy losses.

The declines come as a global stock sell-off intensifies, reflecting concerns about the economic outlook and questions over whether heavy investment into artificial intelligence will live up to the hype surrounding the technology. Geopolitical tension is rising in the Middle East, adding to investor skittishness.

Bitcoin exchange traded funds in the US suffered their largest outflows in about three months on August 2. The digital asset has also tumbled through its 200-day moving average price.

The latter technical chart pattern “opens the way for a deeper pullback” towards $54,000, Tony Sycamore, market analyst at IG Australia, wrote in a note.

Bitcoin has been buffeted by a range of factors since hitting a record of $US73,798 in March, including shifting political fortunes in the US as pro-crypto Republican Donald Trump and his Democratic opponent, Vice President Kamala Harris – who has yet to detail a digital-asset policy stance – lock horns in the presidential race. (AI News, Wires)

 

 

 

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July 8, 2024

 

Crypto Bargain-hunters are back

Market picture

Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before we can say that the bear attack has been repelled. Until then, we can only talk about consolidation after the sell-off.

Bitcoin rebounded to $57.3K after a couple of dips to $54K, sticking to its descending channel that has been in force since March, but the price is very dangerously stuck at the bottom of this corridor. This situation makes us fear an acceleration of the sell-off with a potential target in the $50-51K area, where the crypto market was stagnant in February.

Ethereum trades at $3050 and remains below the 200-day moving average but has not given up trying to climb higher. Here, ETH has a strong support line, which also attracted buyers in April and May. More on the bulls' side is that the RSI on daily timeframes rises from oversold territory. These are promising technical signals, but the sustained sell-off from the US and German governments and the overhang of selling from Mt Gox lenders is clearly undermining the confidence of too many buyers.

News background

According to CoinShares, investments in crypto funds rose by $441 million last week for the first time after three weeks of outflows. Bitcoin investments increased by $398 million, Solana by $16 million, Ethereum by $10 million.

Recent price declines, driven by potential selling pressure from Mt Gox and the German government, were probably seen as a buying opportunity. Inflows into BTC accounted for only 90% of the total inflows, as investors chose to invest in a much broader set of altcoins. The most notable of these was Solana, which has received $57 million in investments since the beginning of the year, making it the most efficient altcoin in terms of flows, CoinShares noted.

German authorities continue to transfer Bitcoins to exchanges. On 8 July, two 250 BTC transfers were made to Coinbase and Bitstamp platforms. Transactions of 700 BTC and 500 BTC followed to unidentified Arkham numbers.

The Bitstamp exchange promised to distribute the payments from Mt Gox "as soon as possible," despite having a 60-day deadline. So far, only Japanese BitBank and SBI VC Trade addresses have been distributed coins. The three remaining recipients - Bitstamp, Kraken and BitGo - are still awaiting their turn. The trustee has 94,771 BTC (~$5.4bn) left to send.

Bitfinex points out signs of a potential end to the market correction. Short-term investor selling is potentially close to exhaustion. Meanwhile, the funding rate for perpetual BTC contracts has turned negative for the first time since 1 May.

 

Sports News Update

X's Grok Helps Keep Online Publishers, Newsrooms Up To Speed; Media Man

August 2, 2024

News

U.F.C. Abu Dhabi Fight Card

The UFC event in Abu Dhabi on August 3rd, 2024, is generating significant discussion among fans and analysts. The main event features Umar Nurmagomedov against Cory Sandhagen, with Nurmagomedov being favored by many. The card includes other notable fighters like Deiveson Figueiredo, Marlon Vera, and Shara. Predictions and betting odds are being shared across social media, and Khabib Nurmagomedov is expected to be in Umar's corner. The event is free to watch on ABC Network, further enhancing its accessibility and viewership. Tony Ferguson has expressed his desire to continue fighting in the UFC, while other fighters like Figueiredo and Vera are also generating interest among fans. The event promises to be an exciting showcase of talent and competition in the world of mixed martial arts. (Grok)

News

UFC Abu Dhabi Event

The upcoming UFC event in Abu Dhabi on August 2, 2024, is generating significant buzz, featuring a main event between undefeated Umar Nurmagomedov and Cory Sandhagen. The event is free to watch on ABC Network and includes notable fighters such as Deiveson Figueiredo and Marlon Vera. The card also features Tony Ferguson, who has expressed his desire to continue fighting in the UFC. The event is anticipated to be a major one, with Khabib Nurmagomedov expected to be in Umar's corner. Betting predictions and discussions are prevalent across social media platforms, with various analysts and fans sharing their insights and picks for the fights.

News

Survivor Series: WarGames in Vancouver

WWE has announced that Survivor Series 2024 will be held in Vancouver, Canada, marking the first WWE pay-per-view event in the city since 1998. The event, featuring the WarGames match format, is scheduled for November 30 at Rogers Arena. This decision has sparked excitement among wrestling fans and local residents, with many expressing enthusiasm about attending the event in Vancouver. (Grok)

News

SummerSlam Predictions and Anticipation

WWE SummerSlam 2024 is generating significant anticipation among fans, with many expressing excitement and making predictions about the outcomes of various matches. Key discussions revolve around potential returns of prominent wrestlers such as Roman Reigns and The Rock, as well as the outcomes of matches like Cody Rhodes vs. Solo Sikoa and Liv Morgan vs. Rhea Ripley. The event is set to feature a variety of matches that fans are eagerly awaiting, including those involving LA Knight, Logan Paul, and Gunther. The overall sentiment is one of excitement and speculation, with fans looking forward to a thrilling event. (Grok)

News

Rampage Debuts for MxM & Private Party on AEW

All Elite Wrestling (AEW) is gearing up for an exciting lineup of events, including the highly anticipated All In event scheduled for August 25, 2024. The event is generating significant buzz among fans and is anticipated to surpass the success of the previous year's event. The card for All In features high-stakes matches such as Bryan Danielson putting his career on the line against Swerve, MJF facing Will Ospreay, and a tag team grudge match involving Darby Allin, FTR, and ROH Champion Sussex Co. Chicken against formidable opponents. AEW is also promoting other shows like AEW Dynamite and AEW Rampage, which feature matches like Hangman Page vs. Darby Allin and MxM Collection's debut against Private Party, respectively. The promotion is leveraging various platforms and media to engage with fans and build anticipation for these events. (Grok)

News

Crawford vs Madrimov: Pre-Fight Press Conference

Terence Crawford and Israil Madrimov are set to face off in a highly anticipated boxing match on August 3rd, as part of the Riyadh Season Card. The event, which will be available on PPV, has generated significant buzz among boxing fans and media. The undercard for the event is also noted for its quality, featuring a heavyweight bout between Andy Ruiz Jr. and Jarrell Miller, as well as other notable fights. The event is expected to be a major draw, with fans eagerly anticipating the outcome of the main event between Crawford and Madrimov. (Grok)

News

TNA Wrestling: Rascalz vs. Bailey, Seven & KUSHIDA

TNA Wrestling's iMPACT episode on August 1, 2024, featured a lineup of exciting matches and events. The show included a TNA World Title match between Nic Nemeth and Mustafa Ali, as well as the wedding of PCO and Steph De Lander. Other matches included The Rascalz in action against Mike Bailey, Trent Seven, and KUSHIDA in a six-man tag team match, Frankie Kazarian vs. Ryan Nemeth, and Jody Threat vs. Masha Slamovich. The event was broadcasted on various platforms including TNA+, AXS TV, DAZN, and YouTube, catering to a wide audience. Fans and wrestling enthusiasts expressed their anticipation and excitement for the event across social media platforms. (Grok)

ROH

Ring of Honor (ROH) is a professional wrestling promotion recently acquired by Tony Khan, CEO of All Elite Wrestling (AEW), Chief Football Strategy Officer of the Jacksonville Jaguars, and GM/Sporting Director of Fulham F.C. ROH has been holding events and television tapings, with notable developments including Sammy Guevara's return to help Dustin Rhodes against the Dark Order at the July 28th tapings. The promotion has been building new stars and continues to feature high-profile matches and events. (Grok)

News

WWE 2K24 Online Stability Hotfix

WWE 2K24 released Patch 1.14 to address online stability issues, which was automatically applied upon game loading. The update aimed to fix problems with the Pat McAfee Show Pack DLC for PS5 users, which was resolved, allowing the pack to be downloaded. However, the patch also caused issues with mods on PC, and some users reported problems with Titantrons in create an entrance and the unavailability of DLC for PlayStation 5 users. Despite these issues, WWE 2K24 encouraged players to participate in a giveaway for SummerSlam and provided a locker code for 7500 VC. (Grok)

Max Verstappen's Potential Mercedes Move

Speculation is rife about Max Verstappen potentially joining Mercedes, fueled by recent high-profile departures from Red Bull Racing. Despite the rumors, some fans express skepticism about the likelihood of such a move. The discussion also touches on the stability of other drivers' positions within their teams, with some questioning the rationale behind certain team decisions. Additionally, there is discussion about the performance comparison between Verstappen and his teammate, Perez, at Red Bull Racing. (Grok)

News

Wheatley's Move from Red Bull to Audi F1

Jonathan Wheatley, the long-serving sporting director at Red Bull Racing, is set to leave the team at the end of the 2024 season to become the new team principal of the Audi Formula 1 project. This move has been confirmed by Red Bull and widely reported across various Formula 1 news outlets. Audi has not officially commented on Wheatley's appointment, and there are indications that they were not expecting the announcement. Wheatley's departure marks a significant change in leadership for Red Bull and a notable acquisition for Audi as it prepares to enter Formula 1. The transition is expected to take place after the 2024 season, with Wheatley remaining in his current role until then. (Grok)

News

WWE NXT Great American Bash Week One

The WWE NXT Great American Bash kicked off with a series of exciting matches and events, including a WWE Women's Tag Team Championship match where Alba Fyre & Isla Dawn defended their titles against Jakara Jackson & Lash Legend. Other highlights included a NXT Women’s Championship match between Roxanne Perez and Thea Hail, a live concert by Joe Hendry, and a NXT Heritage Cup match between Tony D'Angelo and Tavion Heights. Fans and commentators expressed excitement and anticipation for the event, with many rooting for their favorite wrestlers and speculating on potential outcomes. (Grok)

News

NXT Women's Championship: Roxanne Perez Retains

Roxanne Perez successfully defended her NXT Women's Championship against Thea Hail in a highly acclaimed match at NXT GAB. The match was praised for its intensity and the young ages of the competitors, with both being under 23 years old. The event also featured other notable matches, including Joe Hendry expressing frustration with Gallus and a confirmed match between Joe Hendry and Joe Coffey for the following week. The overall event was well-received, highlighting the talent and potential of the NXT roster. (Grok)

News

Bowlin Graham's Pocono Win Secures Playoff Spot

Graham Bowlin secured a spot in the 2024 eNASCAR Coca-Cola iRacing Series playoffs with a win at Pocono Raceway. Despite missing out on the playoffs, drivers from Spire Motorsports expressed pride in their team's efforts. Nick Ottinger also secured a playoff spot, marking the seventh consecutive season Team Conti has fielded at least one car in the post-season. The playoff lineup includes Steven Wilson, Parker White, Nick Ottinger, Graham Bowlin, Vicente Salas, Bobby Zalenski, Tucker Minter, Garrett Lowe, Dylan Duval, and Daniel Faulkingham. (Grok)

News

CM Punk's Top 5 Wrestlers of All Time

During an interview on ESPN's First Take, CM Punk named his top-5 wrestlers of all time, which included Harley Race, Terry Funk, Stone Cold Steve Austin, Eddie Guerrero, and initially Ricky Steamboat, but he later switched to Roddy Piper. This selection sparked discussions among fans and commentators, with some expressing surprise at the absence of Bret Hart from the list. Punk also highlighted Stone Cold Steve Austin as the biggest superstar in the industry. The interview took place ahead of SummerSlam 2024, which is set to occur in a few days, generating anticipation among wrestling fans. (Grok)

News

Cedric Alexander's NXT Victory

Cedric Alexander emerged victorious in a match against Brooks Jensen on the WWE NXT show. The win was unexpected by some fans and commentators, and it was celebrated by many on social media. The event also featured other matches and announcements, including a promo by Pete Dunne about his upcoming match with Trick Williams. (Grok)

News

UFC Abu Dhabi Event

The Ultimate Fighting Championship (UFC) is set to host a highly anticipated event in Abu Dhabi this Saturday, featuring a stacked card of fights. Notable fighters on the card include Tony Ferguson, Cory Sandhagen, and Mackenzie Dern. The event is free and open to the public, with a live broadcast on various platforms. Fans and analysts are discussing the matchups and sharing their predictions and betting tips for the fights. Cory Sandhagen is a key focus of the event, with many fans and analysts predicting a strong performance from him in his fight against Umar Nurmagomedov. (Grok)

News

AEW Returns and Criticisms

The recent episode of AEW's Dynamite received mixed reactions from fans and critics, sparking discussions on various aspects of the show. Topics included the return of a star after a five-month absence, the company's approach to pushing certain talents, and comparisons between AEW and WWE. Some fans expressed disappointment in the show's content and booking decisions, while others praised specific moments and storylines. The discourse highlighted a range of opinions and critiques regarding AEW's current direction and its relationship with its audience and competitors. (Grok)

News

AEW Collision Viewership Drop Amid Summer Events

AEW Collision viewership experienced a significant drop, averaging 383,000 viewers with a 0.12 P18-49 rating, marking a 19% decrease from the previous week. This decline was attributed to tough competition from the Olympics. Meanwhile, WWE's SummerSlam is generating anticipation, with fans expressing mixed feelings about the event and the potential outcomes for their favorite wrestlers. (Grok)

News

Grok Search: TNA Wrestling

Total Nonstop Action Wrestling (TNA) is an American professional wrestling promotion founded in 2002 by Jeff Jarrett and Jerry Jarrett. It is currently owned by Anthem Sports & Entertainment and is based in Nashville, Tennessee. TNA was initially known as NWA: Total Nonstop Action until 2004 when it rebranded to its current name.

TNA has been known for its innovative matches and storylines, and it has featured many notable wrestlers such as Kurt Angle, Sting, AJ Styles, Samoa Joe, and Jeff Hardy. The promotion has also been praised for its women's division, known as the Knockouts Division, which features some of the top female wrestlers in the world.

TNA has faced a number of challenges over the years, including changes in ownership and a decline in viewership. However, the promotion has continued to produce entertaining and innovative content, and it remains a significant player in the world of professional wrestling. (Grok)

News

Umar vs Sandhagen for Title Shot

Umar Nurmagomedov is set to face Cory Sandhagen at UFC Abu Dhabi, with the winner potentially earning a title shot against the victor of the Sean O'Malley vs Merab Dvalishvili bout. The event also features Tony Ferguson, who is looking to make a comeback. The fight card is generating significant interest and betting activity among fans and analysts. Additionally, there are discussions about potential matchups for Shakur Stevenson, including a verbal agreement for a fight with William Zepeda, although no official agreement has been reached yet. The event is also notable for Khabib Nurmagomedov's involvement in Umar's corner. (Grok)

News

Ruiz vs Miller: Boxing Showdown in Riyadh

On August 3, 2024, a significant boxing event is set to take place featuring several high-profile matches. The main event includes a face-off between Andy Ruiz and Jarrell Miller, which has garnered significant attention and anticipation. Other notable fights on the card include a matchup between Isaac Pitbull and Jose Valenzuela, which is expected to be a highlight of the evening. Additionally, the event features the return of Andy Cruz against Antonio Moran, adding to the excitement. The event is part of the Riyadh Season and will be broadcasted on ESPN Plus PPV. (Grok)

News

Russell Disqualified, Hamilton Wins Belgian GP

Lewis Hamilton was declared the winner of the Belgian Grand Prix after his teammate George Russell was disqualified for having an underweight car. Russell initially crossed the line first but was stripped of his win due to the technical violation. Hamilton's victory marked his second win in three races, sparking discussions among fans and commentators about the nature of his win and Russell's performance. The disqualification also led to Oscar Piastri being promoted to second place, and Charles Leclerc finishing third for Ferrari. (Grok)

News

F1 Drivers Pole Positions and Race Outcomes Debate

In recent Formula 1 races, Charles Leclerc has been praised for his ability to secure pole positions and maintain leads in a slower car, contrasting with Lando Norris's performance in a faster car. Max Verstappen has consistently performed well, often starting from lower positions and finishing higher, despite debates about the relative performance of his car. The current season is highly competitive, with several drivers from different teams closely competing in points, highlighting the tight competition in Formula 1. (Grok)

News

US Women's Rugby Wins First Olympic Medal

The United States women's rugby sevens team won their first Olympic medal, a bronze, in a dramatic match against Australia at the 2024 Paris Olympics. The victory was sealed by a last-minute try and conversion by Alex Sedrick. Meanwhile, Simone Biles led the United States to a dominant victory in the women's gymnastics team final, securing her fifth career Olympic gold medal and becoming the most decorated U.S. Olympic gymnast in history with a total of 8 medals. (Grok)

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July 1, 2024

Buyers failed to pick up on the crypto market

Market picture

The crypto market has been enjoying an influx of buyers since Saturday, with a visible acceleration on Monday. Over the past 24 hours, capitalisation has risen 3.6% to $2.33 trillion. Last week’s drop in the crypto sentiment index to 30 (fear zone) reversed the price twice, showing that the market is dominated by a ‘buy the dip’ pattern.

Bitcoin is trading near $63.3K, adding 5% since Saturday morning and reaffirming the importance of support at 61.8% of the Jan-March rally. From another perspective, Bitcoin is adding and bouncing off the lower boundary of the downward channel. Likely, the price is now moving towards the upper boundary at $67K. However, cautious buyers may prefer to wait for confirmation with the price rising above $72-73K - the pivot area of the last four months - which would be confirmation of the start of a new impulsive wave of growth.

Bitcoin ended June down 8.5% to $61.9K. In terms of seasonality, July is considered quite successful for BTC, adding eight times (22.3% on average) out of the last 13 and declining on five occasions (-7.8% on average).

News background

In terms of on-chain analysis, quotes have crossed the realised price level of short-term holders at $62,000, which historically can act as support during corrections in bull markets.

According to Arkham data, German authorities sent another 595 BTC worth ~$36.6 million to crypto exchanges on 26 June. Authorities began actively moving the cryptocurrency on 19 June, when some of it first hit the Kraken and Bitstamp exchanges.

Bitwise forecasts net inflows into spot ETH-ETFs in the US of $15bn in the first 18 months. Bloomberg expects trading in the new product to start on 2 July.

Solana Foundation has launched tools that enable it to turn any website or app into a gateway for cryptocurrency payments and other blockchain transactions.

On 26 June, the Blast development team completed the first phase of an airdrop, distributing 17 billion BLAST tokens (17% of the total issuance). Blast is an Ethereum-based layer 2 (L2) network that was launched in November 2023 by Blur founder under the pseudonym Pacman. In terms of blockchain value locked (TVL), the Blast ecosystem is ranked sixth in the DeFi Llama ranking with a value of $1.58bn.


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Donald Trump to Headline Bitcoin 2024 Conference in Nashville

July 11, 2024

Former President Donald Trump has been confirmed as a keynote speaker at the upcoming Bitcoin 2024 conference set to take place in Nashville, Tennessee.

This news comes as a significant development for the event, known for its major industry announcements and influential speakers. The conference, which has previously been hosted in Miami, has established itself as a platform for groundbreaking news within the cryptocurrency space.

Bitcoin 2021, the inaugural conference, made headlines when El Salvador officially declared Bitcoin as legal tender. The subsequent Bitcoin 2022 and Bitcoin 2023 conferences continued the trend of notable moments, including a powerful speech by U.S. Presidential candidate Robert F. Kennedy Jr. in support of the Bitcoin industry.

This year, the shift of the conference location from Miami to Nashville signifies its increasing prominence on the global stage. With two former U.S. Presidential candidates, Robert F. Kennedy Jr. and Donald Trump, slated to speak, Bitcoin 2024 is anticipated to be a pivotal event that could potentially impact the future trajectory of Bitcoin and cryptocurrency policies in the United States.

Donald Trump’s participation in the conference is especially noteworthy considering his recent engagements with the Bitcoin community. Earlier this year, Trump met with prominent U.S. Bitcoin miners, including representatives from CleanSpark, where he reiterated his support for Bitcoin mining both domestically and internationally. In a statement, Trump pledged to prioritize the development of Bitcoin and crypto initiatives in the United States and safeguard the rights of the nation’s 50 million crypto holders if re-elected as president.

As Trump embarks on his presidential campaign, his alignment with the Bitcoin industry stands in contrast to the position of his potential rival, President Joe Biden, who has shown less enthusiasm towards the cryptocurrency sector. While Biden’s participation in Bitcoin 2024 remains unconfirmed, the event could underscore the divergent approaches of the two candidates towards Bitcoin and its implications for U.S. policies.

For additional details on the Bitcoin 2024 conference and to secure a discounted ticket using a promotional code, interested individuals can visit the official event website. Bitcoin Magazine, a subsidiary of BTC Inc, the organizer of the largest Bitcoin conference, The Bitcoin Conference, will be overseeing the event.

Websites

Bitcoin 2024
https://b.tc/conference/2024

Bitcoin Magazine
https://bitcoinmagazine.com

 

 

 

 

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