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September 19, 2025

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Markets, Crypto and Culture

August 29, 2025

Sydney, Australia

Markets

ASX futures down 28 points/0.3% to 8930

Australian dollar +0.4% to 65.32 US cents

Wall Street:
S&P 500 +0.3%
Dow Jones +0.2%
Nasdaq +0.5%

Europe:
Stoxx 50 +0.1%
FTSE -0.4%
DAX flat
CAC +0.2%
IBEX +0.3

Bitcoin -0.4% to $US111,910

Gold +0.6% to $US3417.16 per ounce
Oil +0.2% to $US64.29 a barrel
Brent crude oil +0.4% to $US68.33 a barrel
Iron ore +2% to $US104.50 per ton

10-year yield:
US 4.20%
Australia 4.28%
Germany 2.69%

News

Cryptos Today: (Near Live)

Bitcoin $112,305.87 USD +0.68%
Ethereum $4,500.66 USD -0.60%
Tether $1.00 USD -0.07%
XRP $2.97 USD -0.41%
BNB $873.69 USD +1.88%
Dogecoin $0.2244 USD +1.84%

News

Leading altcoins are once again attempting to pull the crypto market upwards

Market Overview

The crypto market capitalisation has increased by almost 2% to $3.86 trillion over the past 24 hours due to the traction of major altcoins such as Ethereum (+4%), XRP (+3%), Solana (+7.8%), and Dogecoin (+4.9%).

Crypto enthusiasts were expecting a different altcoin season, but it is still worth noting their outperformance relative to the first cryptocurrency.

Bitcoin gained 1% to $111K during the day after spending most of Tuesday forming the basis for a rebound on dips below $110K. This is an important indicator of interest in buying on dips, which probably encouraged more risk-tolerant altcoin buyers. The former is also lagging the stock market, where the S&P500 is on the verge of historic highs, and the Nasdaq100 is 1.8% below its historic high.

News Background

The Bitcoin derivatives market points to pessimistic sentiment, as market participants are actively buying put options.

New investors are selling Bitcoin at a loss. In this way, the market is getting rid of ‘weak hands’ and preparing a support base for future growth, notes analyst Crazzyblockk.

GLJ Research head Gordon Johnson said that BTC is at risk of a 65% collapse due to a reduction in dollar liquidity in the US financial system for the first time since 2022. Only the Fed’s abandonment of quantitative tightening (QT) and a return to new quantitative easing (QE) can remedy the situation.

According to Bitfinex, the altcoin season will not start until new cryptocurrency ETFs are approved. It is only expected to begin at the end of the year. The SEC is currently reviewing more than 70 applications to launch altcoin-based ETFs.

Citi warns that paying interest on stablecoin deposits could cause a massive outflow of deposits from the banking system. A similar situation was observed during the money market fund boom in the United States in the 1980s. (FxPro)

News

The reversal of the trend in crypto has been confirmed

Market Overview

The crypto market has been on a downward trend for the last 12 days, falling to $3.76 trillion on Tuesday morning and later stabilising at $3.79 trillion.

Capitalisation fell below the 50-day moving average and the area of recent lows, giving a technical signal of a change in the trend from growth to decline. The declines in this area over the past three months have been close to the bottom of local corrections.

The sentiment index remains fairly stable in neutral territory (48 versus 47 the day before). Declines in this area over the last three months have been close to the bottom of local corrections.

Bitcoin is trading near $110K, dropping to a low of $108.5K. Local attempts to stabilise in BTC are being replaced by even greater sell-offs.

News

Why is EURUSD falling even though the Fed has softened its rhetoric?

EURUSD has fallen back below 1.1600, quickly losing Friday's momentum and forming its third lower local peak since the beginning of July. Trade flows and expectations of weaker growth due to tariffs could bring the pair back to the lows of the end of last year or push it below parity.

This dynamic contrasts with the news agenda, according to which the differential between the ECB and Fed key rates will soon begin to shift in favour of the former, as the ECB is close to completing its cycle of rate cuts and the Fed is ready to resume its easing.

But there is a perfectly reasonable explanation: trade flows. The EURUSD gained momentum sharply at the beginning of the year as US companies and consumers rushed to buy before tariffs were raised. Now we are at the point of the reverse process, when imports will be below the norm of recent years. Moreover, long-term fundamental factors are coming into play, such as suppressing production in Europe and supporting it in the US. The same shift from the dollar to the euro occurred in 2017, when the first trade conflicts began, and continued until March 2018, when tariffs were introduced.

The eurozone can counter this trend through further rate cuts or government financial incentives. Due to chronic budget deficits, the former is more likely. The Fed's rate is now 2.2 percentage points higher than the ECB's, above previous turning points of 2.7 points in 1999, 2.5 in 2006 and 2.4 in 2019.

This approach is supported by rising inflation in the US versus deteriorating activity in Europe. Fundamental factors alone could push EURUSD to last December's lows or even below parity, which we last saw in September 2022.

However, traders in the market are dealing with a reality in which Washington is increasing pressure on the Fed, calling for a sharper rate cut. In extreme cases, this threatens to repeat the 33% rally in EURUSD between November 2005 and March 2008. In this case, the single currency could fall to the 1.40 level, which has not been reached for the last 11 years.

Nevertheless, we consider political interference in monetary policy a risk. The main scenario is based on a balance of fundamental forces, which are currently bearish for EURUSD. (FxPro)

News Flashback

S&P500’s buy-the-dip sentiment helped Bitcoin

The sell-off of Bitcoin following Congress's passage of a law regulating the circulation of stablecoins and the retreat of US stock indices from record highs allowed Bitcoin bears to push prices below the lower boundary of the $116k—$120k consolidation range. When it looked like a severe correction was coming, US stocks stepped in again. Investors bought up the S&P 500 dip, and Bitcoin immediately bounced back.

Changes in global risk appetite continue to be the main driver of cryptocurrency prices. July saw a series of record highs for the S&P 500, making it a successful month for Bitcoin. Meanwhile, Bitcoin-focused ETFs attracted $6 billion, the third-best result in the history of specialised exchange-traded funds. Ether ETFs were not far behind, with a record inflow of $5.4 billion.

The situation changed dramatically at the turn of July and August. Interest in digital assets began to cool. Coinbase's Bitcoin premium fell into the red for the first time since May, indicating a decline in demand from US investors. Open interest in Bitcoin and Ether futures contracts fell by 13% and 21%, respectively, compared to Bitcoin's record high. According to Coinglass, on the last day of July, $800 million in long positions across all cryptocurrencies were liquidated.

Speculators doubt the rally's continuation, while crypto treasuries are buying Bitcoin under any conditions. On pullbacks or at market prices, ‘Strategy’ acquired more than 21,000 coins worth $2.46 billion during the week of July 28th to August 3rd. This is the third-largest cryptocurrency purchase by Michael Saylor's company since records began. The average price is the second highest in history. As a result, Strategy's reserves have grown to more than $71 billion.

The future dynamics of Bitcoin will depend on the fate of US stock indices and capital flows into ETFs. If the S&P 500's successes are temporary, Bitcoin will be forced to undergo a deep correction. If its quotes remain below the middle of the previous consolidation range of $116k—$120k, the bears are in control. (FxPro)

News Flashback

Three blows to oil in three days

Oil has been under triple pressure since the end of last week, losing more than 7% per barrel of WTI since 31 July, reaching the important psychological level of $65.

The latest wave of oil sell-offs began with the realisation that US trade tariffs from August will be higher than initially expected, as higher tariffs are associated with an economic slowdown and weaker demand for energy. Fears of an economic slowdown intensified after the release of unexpectedly weak US employment data on Friday. Over the weekend, concerns were heightened by OPEC+'s increase in production quotas, which was reflected in the markets on Monday.

After its latest meeting, OPEC+ announced that it would increase production quotas for eight countries by 547,000 barrels per day starting in September.

Considering the quota increases since April, the entire voluntarily reduced volume of 2.2 million barrels per day will return to the market. This is a rather bold decision, given the growing fear that the global economy is slowing down.

Some link such steps by the cartel to the risks of supply disruptions due to potential sanctions from the US and the EU. In our opinion, it is also worth considering the cartel's intention to regain its market share from the US in this way.

Oil producers in the US are very sensitive to price, sharply cutting investment when prices fall. At the beginning of April, there were 489 oil rigs in operation, but according to data published on Friday, this number has fallen to 410. In the long term, a gradual increase in production efficiency should be considered, but at intervals of six months, it is unlikely that there will be any sharp progress. Therefore, we can expect some US production reduction and a gradual recovery in the share of traditional oil producers such as Saudi Arabia, Russia and the UAE.

The price of WTI crude oil, which rose to close to $70 at its peak last week, has returned to the lower end of the range since early June at $65. Closing the day below 66 will mark a failure below the 200- and 50-day moving averages, increasing the potential for further declines.

If OPEC+ really plans to increase its share of the oil market, it may not oppose further price declines. The intensification of negative trends in the global and US economies could bring the price back to this year's lows of $55 by the end of September and to the lower end of the downward corridor of $50 by the end of the year. However, further trends will depend heavily on the reaction of monetary authorities and oil producers. (FxPro)

News Flashback

July 29

Ethereum continues attempt to climb above $4,000

Market Picture

The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar's impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday's opening but not yet reaching its peak.

Bitcoin is trading near $118.7K, unable to break through the resistance at $120K. This indecision to break out of the range is likely to continue until the market sees the Fed's key rate decision on Wednesday evening.

Ethereum rose to $3,930 at the end of the day, fell back to $3,700 on Monday, where it found interest from new buyers and rose to $3,830 at the time of writing. The last seven days have seen a fairly sharp upward trend, and if this trend continues, the price will rise above 4,000 by the end of this week.

News Background

According to CoinShares, global investment inflows into crypto funds last week amounted to $1.908 billion. Investments in Ethereum increased by $1.595 billion, Solana by a significant $312 million, XRP by $190 million, and Sui by $8 million. Investments in Bitcoin decreased by $175 million.

Japan's Metaplanet announced the acquisition of 780 BTC ($92.5 million) at an average price of $118,600. The company's total reserves now amount to 17,132 BTC, worth over $2 billion.

According to Blockware, Bitcoin will no longer show ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have changed the market dynamics and reduced volatility.

According to Strategic ETH Reserve, the volume of the second cryptocurrency on the balance sheets of public companies has reached 2.32 million ETH (~$9.11 billion) — 1.92% of the total Ethereum supply. Bitmine Immersion Tech, associated with Fundstrat founder Tom Lee, pursues the most aggressive strategy. The company has ~566,800 ETH ($2.23 billion) on its balance sheet.

BNB, the fifth-largest cryptocurrency by capitalisation, updated its historical high above $860 on Monday. Against this background, Binance founder Changpeng Zhao's estimated fortune exceeded $76 billion. According to Forbes, Zhao owns 64% of the BNB supply — about 89.1 million tokens. (FxPro)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Stipulation
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 H

News

Cryptocurrency Movies

Documentaries

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

Gold, copper, & silver: How metals are moving this year

Metal futures have made some pretty dramatic moves lately from safe haven gold to tariff sensitive copper. So let's take a look at the longer term trends. I'm Jared Blikre, host of Stocks in Translation. And I'm going to start by charting some of the moves in Dr. Copper because this is where we have the most zig and zags over the last 25 years. So this goes back to the beginning of the century and we can see right now, we're at $5.51 per pound. That is a record high. But if we go back to the beginning of the century, guess what? Uh we had a little bit of a slump in the wake of the dot com boom and then bust, but starting in 2003, we saw a big rise there. And that was as China actually joined the World Trade Organization or the WTO. That lasted into the global financial crisis. Then we had a pretty big bust in in Dr. Copper, and then we had another rise. And that rise was due to unprecedented stimulus, not only from the Chinese government, but also from the United States government, QE was in force, and then we saw kind of a strong dollar play. That weighed on this metal all the way into the beginning of 2016. The entire world, most of the world indices went through a bear market in 2015, and then 2016, we found the footing. And that was actually the year that Trump won, began his first presidency. And from there, we saw some zig and zags, and then we saw a shock into the pandemic. A couple of, a couple of years of deflation or a semi-deflation, disinflation, that caught up with it in 2022, but then it was off to the races again. And especially with the Trump tariffs now on copper, threatening to be threatening to be 50% on August 1st, we're seeing a lot of front running in this trade. Now, I also want to show you gold futures and I'm going to show you silver as well. And they follow a very similar pattern. We're not seeing the dramatic zig and zags that we did in copper, but we did see the same pattern of China joining the WTO, contributing to that huge rise in price to 1800, almost $2,000 an ounce by the beginning of the global financial crisis. So a little bit of a meltdown there. But in 2016 into 2018, we saw a bit of a rise into the pandemic, a little bit of a whipsaw there, and consolidation over a few years. Again, that 2022 bare market in US stocks that contributed to some deflation and disinflation globally, supply chain chain shocks came into force again, and then we saw this huge rise beginning in late 2023, and we are now at 3353. We've seen a high of as much as $3,500 per ounce. And gold is kind of unique among the precious metals and also the industrial metals, and this is because central banks have been a huge determining force in their buying of it. This is a bar chart that shows central bank buying in tons going back all the way to 2010. And what you notice here is the last three years, 2022, 2023, 2024, all of those had gold being bought by central banks of in the amount of over 1,000 tons. And so that's a pretty big dramatic increase from the prior years. And this has to do with the ongoing dedollarization in China, as well as Russia, but also a host of other countries, even some in western and eastern Europe. So this is a trend that we want to follow. Uh, I want to close out here with silver, and I'm going to just chart the price action. Again, very similar chart to gold and copper in terms of the big movements here. We saw a big price spike into almost $50 per ounce, and that was just as the global financial crisis was getting underway. And then the QE area in 2011, that's when we saw that high. Then we saw a dramatic, dramatic crash into 2016, kind of found its footing, saw a big squeeze in the early pandemic, 2020 was a great year for silver, but then we saw a little bit of a fallout. And again, silver is on the rise here at $38. It's still off of that $50 record high, but it is increasing very quickly. To round out the conversation, I want to just put on a table here. I have all three medals and just kind of grouping them together. I want to display how they are moving with their specific patterns with a trigger, and then to tell you which one of these is featured in these specific criteria. So here, under the pattern, we have acceleration. So that would be an economic acceleration. The trigger would be liquidity. And when that happens, we see all metals benefiting from that. And then when there's a safe haven scare, and that trigger would be a crisis of some sorts, you're going to see gold and silver outperforming the most, kind of leaving Dr. Copper behind. And then here's a bearish one, industrial drags, that affects copper disproportionately here, and the trigger there is typically a stronger US dollar because the US dollar surges when global global industrials tend to drag, and that's because the US is the least dirty shirt in the laundry basket of the world. And then finally here, we have a policy shock. This will affect all three medals, but especially copper and gold here. Um, arguably, the biggest reason is tariffs and debt, and we've seen both of those contribute to silver rising. So we could put all three in that basket as well. But when you put it all together, we have the perfect explosive mix for all three of these metals, including palladium and also platinum, which we didn't get to have time for, but all of these are experiencing huge thrust in 2025. And we'll have to see how these tariffs play out, especially on Dr. Copper with respect to that August 1st deadline. Remember, 50% there. So tune into Stocks in Translation for more jargon busting deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finances website, or wherever you find your podcast. (Transcript from Yahoo! Finance podcast)

News

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

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"Bullish is a mindset"

Markets, Crypto and Culture

August 26, 2025

Sydney, Australia

Markets

ASX futures down 27 points/0.3% to 8922

Australian dollar -0.1% to 64.83 US cents

Wall St:
S&P 500 -0.4%
Dow Jones -0.8%
Nasdaq -0.2%

Europe:
Stoxx 50 -0.8%
FTSE +0.1%
DAX -0.4%
CAC -1.6%

Bitcoin -2.4% to $US109,666

Gold -0.2% to $US3365.84 per ounce
Oil +1.7% to $US64.75 a barrel
Brent crude oil +1.5% to $US68.77 a barrel
Iron ore +2.6% to $US103.25 per ton

10-year yield:
US 4.28%
Australia 4.28%
Germany 2.75%

News

Cryptos Today: (Near Live)

Bitcoin $110,414.41 USD -2.24%
Ethereum $4,399.15 USD -7.35%
Tether $1.00 USD -0.03%
XRP $2.86 USD -5.08%
BNB $845.31 USD -3.54%
Dogecoin $0.2096 USD -8.91%

News Flashback/Lead-up

August 19, 2025

Cryptocurrency market nervousness grows

Market Overview

The cryptocurrency market cap fell by another 0.4% to $3.87 trillion. The market is plunging below the former resistance level, raising speculators' fears of a possible major correction towards $3.6 trillion.

Bitcoin fell to $114.7k, rolling back to levels seen two weeks ago and below the medium-term trend line, which is a 50-day moving average. This dynamic reinforces fears of a deeper correction, which could affect the entire crypto market, potentially triggering a deeper correction to $100K, near the 200-day MA.

Ethereum rolled back to $4,200, losing more than 12% from its peak. The second-largest coin by capitalisation is seriously aiming to test the strength of the former resistance area near $4,100, which has been holding back price growth since March 2024. The ability to stay above this level will indicate a change in the market regime for this cryptocurrency, as the abundant capital inflows also suggest.

News Background

According to CoinShares, global investment in crypto funds rose more than sixfold last week to $3.748 billion, the highest inflow in the last four weeks. Investments in Bitcoin increased by $552 million, Ethereum jumped by $2.868 million, Solana grew by $177 million, XRP by $126 million, and Sui by $11 million.

According to Glassnode, the number of addresses with a balance of more than 10,000 BTC fell to an annual low, and the number of wallets with 1,000–10,000 BTC also decreased. This indicates that large holders are taking profits after reaching record highs.

According to Canary Capital, Bitcoin is 50% likely to reach $140,000–$150,000 by the end of 2025, but a bear market will come next year.

Solana became the first network to reach 107,540 transactions per second (TPS) during a stress test. The actual throughput of the blockchain is lower, at around 3,700 TPS, which is 59 times higher than that of the main Ethereum network. (FxPro)

News Flashback

S&P500’s buy-the-dip sentiment helped Bitcoin

The sell-off of Bitcoin following Congress's passage of a law regulating the circulation of stablecoins and the retreat of US stock indices from record highs allowed Bitcoin bears to push prices below the lower boundary of the $116k—$120k consolidation range. When it looked like a severe correction was coming, US stocks stepped in again. Investors bought up the S&P 500 dip, and Bitcoin immediately bounced back.

Changes in global risk appetite continue to be the main driver of cryptocurrency prices. July saw a series of record highs for the S&P 500, making it a successful month for Bitcoin. Meanwhile, Bitcoin-focused ETFs attracted $6 billion, the third-best result in the history of specialised exchange-traded funds. Ether ETFs were not far behind, with a record inflow of $5.4 billion.

The situation changed dramatically at the turn of July and August. Interest in digital assets began to cool. Coinbase's Bitcoin premium fell into the red for the first time since May, indicating a decline in demand from US investors. Open interest in Bitcoin and Ether futures contracts fell by 13% and 21%, respectively, compared to Bitcoin's record high. According to Coinglass, on the last day of July, $800 million in long positions across all cryptocurrencies were liquidated.

Speculators doubt the rally's continuation, while crypto treasuries are buying Bitcoin under any conditions. On pullbacks or at market prices, ‘Strategy’ acquired more than 21,000 coins worth $2.46 billion during the week of July 28th to August 3rd. This is the third-largest cryptocurrency purchase by Michael Saylor's company since records began. The average price is the second highest in history. As a result, Strategy's reserves have grown to more than $71 billion.

The future dynamics of Bitcoin will depend on the fate of US stock indices and capital flows into ETFs. If the S&P 500's successes are temporary, Bitcoin will be forced to undergo a deep correction. If its quotes remain below the middle of the previous consolidation range of $116k—$120k, the bears are in control.

News Flashback

Bitcoin tests support at 50-day MA

Market Picture

The crypto market rolled back at the end of last week following a reduction in risk appetite in the financial markets. However, on Sunday, sentiment changed with the return of active buyers near the total capitalisation of $3.60 trillion. At the time of writing, the market is at $3.73 trillion (+3.6%). Less than 10% of the top 100 coins show gains over 7 days, among which the largest are TRON (+2.2%) and TON (+4.5%).

The crypto market sentiment index fell to 53 by Sunday morning, a six-week low, but recovered to 64 on Monday, reflecting a resurgence of bullish sentiment. However, another impressive upward move will be needed to confirm a local victory for the bulls.

On Saturday and Sunday, Bitcoin received support from buyers on declines below $112K near the 50-day moving average - the fourth touch of this curve since April. On the “buy the dip” sentiment, the first cryptocurrency recovered to $115K on Monday morning. The rebound from support is a bullish signal for the next couple of days, but the fact that it has been tested frequently raises concerns for the medium term. News Background

According to SoSoValue, net outflows from spot Bitcoin ETFs in the US amounted to $812.3 million on August 1, the highest since February 25. As a result, the weekly outflow from BTC ETFs amounted to $643 million, a record high for the past 16 weeks.

The net outflow from spot Ethereum ETFs in the US on Friday amounted to $152.3 million. However, inflows in the previous days of the week managed to keep the indicator in positive territory (+$154.3 million). The positive trend has continued for 12 consecutive weeks.

Analyst Ali Martinez says that over the past two days, Bitcoin whales have bought 30,000 BTC. According to Santiment, over the past four months, whales with balances ranging from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.

According to The Block, trading volume on centralised crypto exchanges exceeded $1.7 trillion in July (the highest since February 2025), and trading volume on decentralised exchanges (DEX) also reached its highest level since January.

Galaxy Digital warned of risks in the public company sector, which accumulates cryptocurrencies by issuing shares. The model creates systemic vulnerability and could lead to a cascade collapse.

US SEC Chairman Paul Atkins announced Project Crypto. The project’s key objective is to establish clear rules for cryptocurrencies and turn the US into the “world’s crypto capital.” (FxPro)

News Flashback

Three blows to oil in three days

Oil has been under triple pressure since the end of last week, losing more than 7% per barrel of WTI since 31 July, reaching the important psychological level of $65.

The latest wave of oil sell-offs began with the realisation that US trade tariffs from August will be higher than initially expected, as higher tariffs are associated with an economic slowdown and weaker demand for energy. Fears of an economic slowdown intensified after the release of unexpectedly weak US employment data on Friday. Over the weekend, concerns were heightened by OPEC+'s increase in production quotas, which was reflected in the markets on Monday.

After its latest meeting, OPEC+ announced that it would increase production quotas for eight countries by 547,000 barrels per day starting in September.

Considering the quota increases since April, the entire voluntarily reduced volume of 2.2 million barrels per day will return to the market. This is a rather bold decision, given the growing fear that the global economy is slowing down.

Some link such steps by the cartel to the risks of supply disruptions due to potential sanctions from the US and the EU. In our opinion, it is also worth considering the cartel's intention to regain its market share from the US in this way.

Oil producers in the US are very sensitive to price, sharply cutting investment when prices fall. At the beginning of April, there were 489 oil rigs in operation, but according to data published on Friday, this number has fallen to 410. In the long term, a gradual increase in production efficiency should be considered, but at intervals of six months, it is unlikely that there will be any sharp progress. Therefore, we can expect some US production reduction and a gradual recovery in the share of traditional oil producers such as Saudi Arabia, Russia and the UAE.

The price of WTI crude oil, which rose to close to $70 at its peak last week, has returned to the lower end of the range since early June at $65. Closing the day below 66 will mark a failure below the 200- and 50-day moving averages, increasing the potential for further declines.

If OPEC+ really plans to increase its share of the oil market, it may not oppose further price declines. The intensification of negative trends in the global and US economies could bring the price back to this year's lows of $55 by the end of September and to the lower end of the downward corridor of $50 by the end of the year. However, further trends will depend heavily on the reaction of monetary authorities and oil producers. (FxPro)

News Flashback

July 29

Ethereum continues attempt to climb above $4,000

Market Picture

The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar's impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday's opening but not yet reaching its peak.

Bitcoin is trading near $118.7K, unable to break through the resistance at $120K. This indecision to break out of the range is likely to continue until the market sees the Fed's key rate decision on Wednesday evening.

Ethereum rose to $3,930 at the end of the day, fell back to $3,700 on Monday, where it found interest from new buyers and rose to $3,830 at the time of writing. The last seven days have seen a fairly sharp upward trend, and if this trend continues, the price will rise above 4,000 by the end of this week.

News Background

According to CoinShares, global investment inflows into crypto funds last week amounted to $1.908 billion. Investments in Ethereum increased by $1.595 billion, Solana by a significant $312 million, XRP by $190 million, and Sui by $8 million. Investments in Bitcoin decreased by $175 million.

Japan's Metaplanet announced the acquisition of 780 BTC ($92.5 million) at an average price of $118,600. The company's total reserves now amount to 17,132 BTC, worth over $2 billion.

According to Blockware, Bitcoin will no longer show ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have changed the market dynamics and reduced volatility.

According to Strategic ETH Reserve, the volume of the second cryptocurrency on the balance sheets of public companies has reached 2.32 million ETH (~$9.11 billion) — 1.92% of the total Ethereum supply. Bitmine Immersion Tech, associated with Fundstrat founder Tom Lee, pursues the most aggressive strategy. The company has ~566,800 ETH ($2.23 billion) on its balance sheet.

BNB, the fifth-largest cryptocurrency by capitalisation, updated its historical high above $860 on Monday. Against this background, Binance founder Changpeng Zhao's estimated fortune exceeded $76 billion. According to Forbes, Zhao owns 64% of the BNB supply — about 89.1 million tokens. (FxPro)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Stipulation
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 H

News

Cryptocurrency Movies
Documentaries

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

Gold, copper, & silver: How metals are moving this year

Metal futures have made some pretty dramatic moves lately from safe haven gold to tariff sensitive copper. So let's take a look at the longer term trends. I'm Jared Blikre, host of Stocks in Translation. And I'm going to start by charting some of the moves in Dr. Copper because this is where we have the most zig and zags over the last 25 years. So this goes back to the beginning of the century and we can see right now, we're at $5.51 per pound. That is a record high. But if we go back to the beginning of the century, guess what? Uh we had a little bit of a slump in the wake of the dot com boom and then bust, but starting in 2003, we saw a big rise there. And that was as China actually joined the World Trade Organization or the WTO. That lasted into the global financial crisis. Then we had a pretty big bust in in Dr. Copper, and then we had another rise. And that rise was due to unprecedented stimulus, not only from the Chinese government, but also from the United States government, QE was in force, and then we saw kind of a strong dollar play. That weighed on this metal all the way into the beginning of 2016. The entire world, most of the world indices went through a bear market in 2015, and then 2016, we found the footing. And that was actually the year that Trump won, began his first presidency. And from there, we saw some zig and zags, and then we saw a shock into the pandemic. A couple of, a couple of years of deflation or a semi-deflation, disinflation, that caught up with it in 2022, but then it was off to the races again. And especially with the Trump tariffs now on copper, threatening to be threatening to be 50% on August 1st, we're seeing a lot of front running in this trade. Now, I also want to show you gold futures and I'm going to show you silver as well. And they follow a very similar pattern. We're not seeing the dramatic zig and zags that we did in copper, but we did see the same pattern of China joining the WTO, contributing to that huge rise in price to 1800, almost $2,000 an ounce by the beginning of the global financial crisis. So a little bit of a meltdown there. But in 2016 into 2018, we saw a bit of a rise into the pandemic, a little bit of a whipsaw there, and consolidation over a few years. Again, that 2022 bare market in US stocks that contributed to some deflation and disinflation globally, supply chain chain shocks came into force again, and then we saw this huge rise beginning in late 2023, and we are now at 3353. We've seen a high of as much as $3,500 per ounce. And gold is kind of unique among the precious metals and also the industrial metals, and this is because central banks have been a huge determining force in their buying of it. This is a bar chart that shows central bank buying in tons going back all the way to 2010. And what you notice here is the last three years, 2022, 2023, 2024, all of those had gold being bought by central banks of in the amount of over 1,000 tons. And so that's a pretty big dramatic increase from the prior years. And this has to do with the ongoing dedollarization in China, as well as Russia, but also a host of other countries, even some in western and eastern Europe. So this is a trend that we want to follow. Uh, I want to close out here with silver, and I'm going to just chart the price action. Again, very similar chart to gold and copper in terms of the big movements here. We saw a big price spike into almost $50 per ounce, and that was just as the global financial crisis was getting underway. And then the QE area in 2011, that's when we saw that high. Then we saw a dramatic, dramatic crash into 2016, kind of found its footing, saw a big squeeze in the early pandemic, 2020 was a great year for silver, but then we saw a little bit of a fallout. And again, silver is on the rise here at $38. It's still off of that $50 record high, but it is increasing very quickly. To round out the conversation, I want to just put on a table here. I have all three medals and just kind of grouping them together. I want to display how they are moving with their specific patterns with a trigger, and then to tell you which one of these is featured in these specific criteria. So here, under the pattern, we have acceleration. So that would be an economic acceleration. The trigger would be liquidity. And when that happens, we see all metals benefiting from that. And then when there's a safe haven scare, and that trigger would be a crisis of some sorts, you're going to see gold and silver outperforming the most, kind of leaving Dr. Copper behind. And then here's a bearish one, industrial drags, that affects copper disproportionately here, and the trigger there is typically a stronger US dollar because the US dollar surges when global global industrials tend to drag, and that's because the US is the least dirty shirt in the laundry basket of the world. And then finally here, we have a policy shock. This will affect all three medals, but especially copper and gold here. Um, arguably, the biggest reason is tariffs and debt, and we've seen both of those contribute to silver rising. So we could put all three in that basket as well. But when you put it all together, we have the perfect explosive mix for all three of these metals, including palladium and also platinum, which we didn't get to have time for, but all of these are experiencing huge thrust in 2025. And we'll have to see how these tariffs play out, especially on Dr. Copper with respect to that August 1st deadline. Remember, 50% there. So tune into Stocks in Translation for more jargon busting deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finances website, or wherever you find your podcast. (Transcript from Yahoo! Finance podcast)

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

"Everything is a gamble" Greg Tingle, Media Man Group

"Bullish is a mindset"

Markets, Crypto and Culture

August 18, 2025

Sydney, Australia

Markets

ASX futures down 53 points or 0.6% to 8843

Australian dollar +0.1% to 65.10 US cents

Wall Street:
S&P 500 -0.3%
Dow Jones +0.1%
Nasdaq -0.4%

Europe:
Stoxx 50 +0.3%
FTSE -0.4%
DAX -0.1%
CAC +0.7%

Bitcoin +0.1% to $US117,786

Gold flat at $US3336.19 per ounce
US oil -1.8% to $US62.80 a barrel
Brent crude oil -1.5% to $US65.85 a barrel
Iron ore flat at $US102.05 per ton

10-year yield:
US 4.32%
Australia 4.23%
Germany 2.79%

News

Cryptos Today: (Near Live)

Bitcoin $118,026.62 USD +0.18%
Ethereum $4,524.48 USD +1.94%
Tether $1.00 USD -0.20%
XRP $3.11 USD +0.02%
BNB $858.06 USD +2.27%

News

Bitcoin hit new highs but then dropped back down

Market Overview

The crypto market cap rose to $4.20 trillion on Thursday morning before dropping back down somewhat to $4.14 trillion. But even with the correction, the daily gain is close to 2%, led by Bitcoin's slide to a new peak of $124.5K. Among the major coins, Cardano (+18%), Near Protocol (+6.2%) and Trump (+5.9%) were the leaders.

The sentiment index rose to 75, ready to move into the extreme greed zone. It was previously held at this level throughout the second half of July, but the entire crypto market was in a range at that time. (FxPro)

News Flashback

Summer Break for the Crypto Market

Market Overview

The cryptocurrency market began August with a relatively narrow range of $3.6-3.8 trillion, ending Wednesday at $3.72 trillion. The support received in the area of previous peaks set in December and January suggests that this is a temporary pause to lock in profits and gain liquidity before a new surge. At the same time, however, such sluggishness is turning away the most active traders, who are used to seeing multiple rallies. Now they have moved on to very small projects.

On Tuesday, Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency. For comparison, the crypto market's total capitalisation is still moving significantly above its 50-day average, which is currently around $3.57 trillion.

News Background

Institutional investors are actively buying up Ethereum, while retail traders remain on the sidelines. SharpLink bought 83,561 ETH ($264.5 million) last week at an average price of $3,634. The company's reserves amount to almost 522,000 ETH (~$1.9 billion). However, Bitmine Immersion Tech remains the leader, with 833 coins worth over $3 billion. A total of 64 corporations now own 2.96 million ETH ($10.81 billion) or 2.45% of the total Ethereum supply.

Large companies continue to buy Bitcoin, adding 26,700 BTC to their reserves in July. Strategy bought 21,021 BTC for $2.46 billion last week. According to BitcoinTreasuries, public and private companies now hold 1.35 million BTC ($155 billion) on their balance sheets — more than 6% of the total digital gold supply.

US regulators have proposed new rules for the crypto industry. The CFTC has launched an initiative to legalise spot trading of cryptocurrencies on registered exchanges, and the SEC has updated its guidance on stablecoin accounting rules.

USDe from Ethena Labs has become the third-largest stablecoin. Since mid-July, its capitalisation has grown by 75% to $9.5 billion. Demand for the asset may have been spurred by high yields ranging from 10% to 19% per annum. The total capitalisation of all stablecoins has been growing for the seventh month in a row and is approaching $275 billion. (FxPro)

News

S&P500’s buy-the-dip sentiment helped Bitcoin

The sell-off of Bitcoin following Congress's passage of a law regulating the circulation of stablecoins and the retreat of US stock indices from record highs allowed Bitcoin bears to push prices below the lower boundary of the $116k—$120k consolidation range. When it looked like a severe correction was coming, US stocks stepped in again. Investors bought up the S&P 500 dip, and Bitcoin immediately bounced back.

Changes in global risk appetite continue to be the main driver of cryptocurrency prices. July saw a series of record highs for the S&P 500, making it a successful month for Bitcoin. Meanwhile, Bitcoin-focused ETFs attracted $6 billion, the third-best result in the history of specialised exchange-traded funds. Ether ETFs were not far behind, with a record inflow of $5.4 billion.

The situation changed dramatically at the turn of July and August. Interest in digital assets began to cool. Coinbase's Bitcoin premium fell into the red for the first time since May, indicating a decline in demand from US investors. Open interest in Bitcoin and Ether futures contracts fell by 13% and 21%, respectively, compared to Bitcoin's record high. According to Coinglass, on the last day of July, $800 million in long positions across all cryptocurrencies were liquidated.

Speculators doubt the rally's continuation, while crypto treasuries are buying Bitcoin under any conditions. On pullbacks or at market prices, ‘Strategy’ acquired more than 21,000 coins worth $2.46 billion during the week of July 28th to August 3rd. This is the third-largest cryptocurrency purchase by Michael Saylor's company since records began. The average price is the second highest in history. As a result, Strategy's reserves have grown to more than $71 billion.

The future dynamics of Bitcoin will depend on the fate of US stock indices and capital flows into ETFs. If the S&P 500's successes are temporary, Bitcoin will be forced to undergo a deep correction. If its quotes remain below the middle of the previous consolidation range of $116k—$120k, the bears are in control.

News

Bitcoin tests support at 50-day MA

Market Picture

The crypto market rolled back at the end of last week following a reduction in risk appetite in the financial markets. However, on Sunday, sentiment changed with the return of active buyers near the total capitalisation of $3.60 trillion. At the time of writing, the market is at $3.73 trillion (+3.6%). Less than 10% of the top 100 coins show gains over 7 days, among which the largest are TRON (+2.2%) and TON (+4.5%).

The crypto market sentiment index fell to 53 by Sunday morning, a six-week low, but recovered to 64 on Monday, reflecting a resurgence of bullish sentiment. However, another impressive upward move will be needed to confirm a local victory for the bulls.

On Saturday and Sunday, Bitcoin received support from buyers on declines below $112K near the 50-day moving average - the fourth touch of this curve since April. On the “buy the dip” sentiment, the first cryptocurrency recovered to $115K on Monday morning. The rebound from support is a bullish signal for the next couple of days, but the fact that it has been tested frequently raises concerns for the medium term. News Background

According to SoSoValue, net outflows from spot Bitcoin ETFs in the US amounted to $812.3 million on August 1, the highest since February 25. As a result, the weekly outflow from BTC ETFs amounted to $643 million, a record high for the past 16 weeks.

The net outflow from spot Ethereum ETFs in the US on Friday amounted to $152.3 million. However, inflows in the previous days of the week managed to keep the indicator in positive territory (+$154.3 million). The positive trend has continued for 12 consecutive weeks.

Analyst Ali Martinez says that over the past two days, Bitcoin whales have bought 30,000 BTC. According to Santiment, over the past four months, whales with balances ranging from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.

According to The Block, trading volume on centralised crypto exchanges exceeded $1.7 trillion in July (the highest since February 2025), and trading volume on decentralised exchanges (DEX) also reached its highest level since January.

Galaxy Digital warned of risks in the public company sector, which accumulates cryptocurrencies by issuing shares. The model creates systemic vulnerability and could lead to a cascade collapse.

US SEC Chairman Paul Atkins announced Project Crypto. The project’s key objective is to establish clear rules for cryptocurrencies and turn the US into the “world’s crypto capital.” (FxPro)

News Flashback

Three blows to oil in three days

Oil has been under triple pressure since the end of last week, losing more than 7% per barrel of WTI since 31 July, reaching the important psychological level of $65.

The latest wave of oil sell-offs began with the realisation that US trade tariffs from August will be higher than initially expected, as higher tariffs are associated with an economic slowdown and weaker demand for energy. Fears of an economic slowdown intensified after the release of unexpectedly weak US employment data on Friday. Over the weekend, concerns were heightened by OPEC+'s increase in production quotas, which was reflected in the markets on Monday.

After its latest meeting, OPEC+ announced that it would increase production quotas for eight countries by 547,000 barrels per day starting in September.

Considering the quota increases since April, the entire voluntarily reduced volume of 2.2 million barrels per day will return to the market. This is a rather bold decision, given the growing fear that the global economy is slowing down.

Some link such steps by the cartel to the risks of supply disruptions due to potential sanctions from the US and the EU. In our opinion, it is also worth considering the cartel's intention to regain its market share from the US in this way.

Oil producers in the US are very sensitive to price, sharply cutting investment when prices fall. At the beginning of April, there were 489 oil rigs in operation, but according to data published on Friday, this number has fallen to 410. In the long term, a gradual increase in production efficiency should be considered, but at intervals of six months, it is unlikely that there will be any sharp progress. Therefore, we can expect some US production reduction and a gradual recovery in the share of traditional oil producers such as Saudi Arabia, Russia and the UAE.

The price of WTI crude oil, which rose to close to $70 at its peak last week, has returned to the lower end of the range since early June at $65. Closing the day below 66 will mark a failure below the 200- and 50-day moving averages, increasing the potential for further declines.

If OPEC+ really plans to increase its share of the oil market, it may not oppose further price declines. The intensification of negative trends in the global and US economies could bring the price back to this year's lows of $55 by the end of September and to the lower end of the downward corridor of $50 by the end of the year. However, further trends will depend heavily on the reaction of monetary authorities and oil producers. (FxPro)

News Flashback

July 29, 2025

Ethereum continues attempt to climb above $4,000

Market Picture

The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar's impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday's opening but not yet reaching its peak.

Bitcoin is trading near $118.7K, unable to break through the resistance at $120K. This indecision to break out of the range is likely to continue until the market sees the Fed's key rate decision on Wednesday evening.

Ethereum rose to $3,930 at the end of the day, fell back to $3,700 on Monday, where it found interest from new buyers and rose to $3,830 at the time of writing. The last seven days have seen a fairly sharp upward trend, and if this trend continues, the price will rise above 4,000 by the end of this week.

News Background

According to CoinShares, global investment inflows into crypto funds last week amounted to $1.908 billion. Investments in Ethereum increased by $1.595 billion, Solana by a significant $312 million, XRP by $190 million, and Sui by $8 million. Investments in Bitcoin decreased by $175 million.

Japan's Metaplanet announced the acquisition of 780 BTC ($92.5 million) at an average price of $118,600. The company's total reserves now amount to 17,132 BTC, worth over $2 billion.

According to Blockware, Bitcoin will no longer show ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have changed the market dynamics and reduced volatility.

According to Strategic ETH Reserve, the volume of the second cryptocurrency on the balance sheets of public companies has reached 2.32 million ETH (~$9.11 billion) — 1.92% of the total Ethereum supply. Bitmine Immersion Tech, associated with Fundstrat founder Tom Lee, pursues the most aggressive strategy. The company has ~566,800 ETH ($2.23 billion) on its balance sheet.

BNB, the fifth-largest cryptocurrency by capitalisation, updated its historical high above $860 on Monday. Against this background, Binance founder Changpeng Zhao's estimated fortune exceeded $76 billion. According to Forbes, Zhao owns 64% of the BNB supply — about 89.1 million tokens. (FxPro)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Stipulation
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 H

News

Cryptocurrency Movies
Documentaries

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

Gold, copper, & silver: How metals are moving this year

Metal futures have made some pretty dramatic moves lately from safe haven gold to tariff sensitive copper. So let's take a look at the longer term trends. I'm Jared Blikre, host of Stocks in Translation. And I'm going to start by charting some of the moves in Dr. Copper because this is where we have the most zig and zags over the last 25 years. So this goes back to the beginning of the century and we can see right now, we're at $5.51 per pound. That is a record high. But if we go back to the beginning of the century, guess what? Uh we had a little bit of a slump in the wake of the dot com boom and then bust, but starting in 2003, we saw a big rise there. And that was as China actually joined the World Trade Organization or the WTO. That lasted into the global financial crisis. Then we had a pretty big bust in in Dr. Copper, and then we had another rise. And that rise was due to unprecedented stimulus, not only from the Chinese government, but also from the United States government, QE was in force, and then we saw kind of a strong dollar play. That weighed on this metal all the way into the beginning of 2016. The entire world, most of the world indices went through a bear market in 2015, and then 2016, we found the footing. And that was actually the year that Trump won, began his first presidency. And from there, we saw some zig and zags, and then we saw a shock into the pandemic. A couple of, a couple of years of deflation or a semi-deflation, disinflation, that caught up with it in 2022, but then it was off to the races again. And especially with the Trump tariffs now on copper, threatening to be threatening to be 50% on August 1st, we're seeing a lot of front running in this trade. Now, I also want to show you gold futures and I'm going to show you silver as well. And they follow a very similar pattern. We're not seeing the dramatic zig and zags that we did in copper, but we did see the same pattern of China joining the WTO, contributing to that huge rise in price to 1800, almost $2,000 an ounce by the beginning of the global financial crisis. So a little bit of a meltdown there. But in 2016 into 2018, we saw a bit of a rise into the pandemic, a little bit of a whipsaw there, and consolidation over a few years. Again, that 2022 bare market in US stocks that contributed to some deflation and disinflation globally, supply chain chain shocks came into force again, and then we saw this huge rise beginning in late 2023, and we are now at 3353. We've seen a high of as much as $3,500 per ounce. And gold is kind of unique among the precious metals and also the industrial metals, and this is because central banks have been a huge determining force in their buying of it. This is a bar chart that shows central bank buying in tons going back all the way to 2010. And what you notice here is the last three years, 2022, 2023, 2024, all of those had gold being bought by central banks of in the amount of over 1,000 tons. And so that's a pretty big dramatic increase from the prior years. And this has to do with the ongoing dedollarization in China, as well as Russia, but also a host of other countries, even some in western and eastern Europe. So this is a trend that we want to follow. Uh, I want to close out here with silver, and I'm going to just chart the price action. Again, very similar chart to gold and copper in terms of the big movements here. We saw a big price spike into almost $50 per ounce, and that was just as the global financial crisis was getting underway. And then the QE area in 2011, that's when we saw that high. Then we saw a dramatic, dramatic crash into 2016, kind of found its footing, saw a big squeeze in the early pandemic, 2020 was a great year for silver, but then we saw a little bit of a fallout. And again, silver is on the rise here at $38. It's still off of that $50 record high, but it is increasing very quickly. To round out the conversation, I want to just put on a table here. I have all three medals and just kind of grouping them together. I want to display how they are moving with their specific patterns with a trigger, and then to tell you which one of these is featured in these specific criteria. So here, under the pattern, we have acceleration. So that would be an economic acceleration. The trigger would be liquidity. And when that happens, we see all metals benefiting from that. And then when there's a safe haven scare, and that trigger would be a crisis of some sorts, you're going to see gold and silver outperforming the most, kind of leaving Dr. Copper behind. And then here's a bearish one, industrial drags, that affects copper disproportionately here, and the trigger there is typically a stronger US dollar because the US dollar surges when global global industrials tend to drag, and that's because the US is the least dirty shirt in the laundry basket of the world. And then finally here, we have a policy shock. This will affect all three medals, but especially copper and gold here. Um, arguably, the biggest reason is tariffs and debt, and we've seen both of those contribute to silver rising. So we could put all three in that basket as well. But when you put it all together, we have the perfect explosive mix for all three of these metals, including palladium and also platinum, which we didn't get to have time for, but all of these are experiencing huge thrust in 2025. And we'll have to see how these tariffs play out, especially on Dr. Copper with respect to that August 1st deadline. Remember, 50% there. So tune into Stocks in Translation for more jargon busting deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finances website, or wherever you find your podcast. (Transcript from Yahoo! Finance podcast)

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

"Everything is a gamble" Greg Tingle, Media Man Group

Markets, Crypto and Culture

August 13, 2025

Sydney, Australia

Markets

ASX futures up 20 points/0.2% to 8858

Australian dollar -0.1% to 65.27 US cents

Wall Street:
S&P 500 +1.1%
Dow Jones +1.1%
Nasdaq +1.4%

Europe:
Stoxx 50 +0.1%
FTSE +0.2%
DAX -0.2%
CAC +0.7%

Bitcoin +1% to $US120,008

Gold +0.2% to $US3348.26 per ounce

US oil -1.3% to $US63.11 a barrel

Brent crude oil -0.8% to $US66.12 a barrel

Iron ore +0.9% to $US104.40 per ton

10-year yield:
US 4.29%
Australia 4.24%
Germany 2.74%

News

Cryptos Today: (Near Live)

Bitcoin $119,583.76 USD +0.87%
Ethereum $4,564.07 USD +8.51%
Tether $0.9993 USD -0.03%
XRP $3.26 USD +4.27%
BNB $832.17 USD +4.08%

News

Summer Break for the Crypto Market

Market Overview

The cryptocurrency market began August with a relatively narrow range of $3.6-3.8 trillion, ending Wednesday at $3.72 trillion. The support received in the area of previous peaks set in December and January suggests that this is a temporary pause to lock in profits and gain liquidity before a new surge. At the same time, however, such sluggishness is turning away the most active traders, who are used to seeing multiple rallies. Now they have moved on to very small projects.

On Tuesday, Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency. For comparison, the crypto market's total capitalisation is still moving significantly above its 50-day average, which is currently around $3.57 trillion.

News Background

Institutional investors are actively buying up Ethereum, while retail traders remain on the sidelines. SharpLink bought 83,561 ETH ($264.5 million) last week at an average price of $3,634. The company's reserves amount to almost 522,000 ETH (~$1.9 billion). However, Bitmine Immersion Tech remains the leader, with 833 coins worth over $3 billion. A total of 64 corporations now own 2.96 million ETH ($10.81 billion) or 2.45% of the total Ethereum supply.

Large companies continue to buy Bitcoin, adding 26,700 BTC to their reserves in July. Strategy bought 21,021 BTC for $2.46 billion last week. According to BitcoinTreasuries, public and private companies now hold 1.35 million BTC ($155 billion) on their balance sheets — more than 6% of the total digital gold supply.

US regulators have proposed new rules for the crypto industry. The CFTC has launched an initiative to legalise spot trading of cryptocurrencies on registered exchanges, and the SEC has updated its guidance on stablecoin accounting rules.

USDe from Ethena Labs has become the third-largest stablecoin. Since mid-July, its capitalisation has grown by 75% to $9.5 billion. Demand for the asset may have been spurred by high yields ranging from 10% to 19% per annum. The total capitalisation of all stablecoins has been growing for the seventh month in a row and is approaching $275 billion. (FxPro)

News

S&P500’s buy-the-dip sentiment helped Bitcoin

The sell-off of Bitcoin following Congress's passage of a law regulating the circulation of stablecoins and the retreat of US stock indices from record highs allowed Bitcoin bears to push prices below the lower boundary of the $116k—$120k consolidation range. When it looked like a severe correction was coming, US stocks stepped in again. Investors bought up the S&P 500 dip, and Bitcoin immediately bounced back.

Changes in global risk appetite continue to be the main driver of cryptocurrency prices. July saw a series of record highs for the S&P 500, making it a successful month for Bitcoin. Meanwhile, Bitcoin-focused ETFs attracted $6 billion, the third-best result in the history of specialised exchange-traded funds. Ether ETFs were not far behind, with a record inflow of $5.4 billion.

The situation changed dramatically at the turn of July and August. Interest in digital assets began to cool. Coinbase's Bitcoin premium fell into the red for the first time since May, indicating a decline in demand from US investors. Open interest in Bitcoin and Ether futures contracts fell by 13% and 21%, respectively, compared to Bitcoin's record high. According to Coinglass, on the last day of July, $800 million in long positions across all cryptocurrencies were liquidated.

Speculators doubt the rally's continuation, while crypto treasuries are buying Bitcoin under any conditions. On pullbacks or at market prices, ‘Strategy’ acquired more than 21,000 coins worth $2.46 billion during the week of July 28th to August 3rd. This is the third-largest cryptocurrency purchase by Michael Saylor's company since records began. The average price is the second highest in history. As a result, Strategy's reserves have grown to more than $71 billion.

The future dynamics of Bitcoin will depend on the fate of US stock indices and capital flows into ETFs. If the S&P 500's successes are temporary, Bitcoin will be forced to undergo a deep correction. If its quotes remain below the middle of the previous consolidation range of $116k—$120k, the bears are in control.

News

Bitcoin tests support at 50-day MA

Market Picture

The crypto market rolled back at the end of last week following a reduction in risk appetite in the financial markets. However, on Sunday, sentiment changed with the return of active buyers near the total capitalisation of $3.60 trillion. At the time of writing, the market is at $3.73 trillion (+3.6%). Less than 10% of the top 100 coins show gains over 7 days, among which the largest are TRON (+2.2%) and TON (+4.5%).

The crypto market sentiment index fell to 53 by Sunday morning, a six-week low, but recovered to 64 on Monday, reflecting a resurgence of bullish sentiment. However, another impressive upward move will be needed to confirm a local victory for the bulls.

On Saturday and Sunday, Bitcoin received support from buyers on declines below $112K near the 50-day moving average - the fourth touch of this curve since April. On the “buy the dip” sentiment, the first cryptocurrency recovered to $115K on Monday morning. The rebound from support is a bullish signal for the next couple of days, but the fact that it has been tested frequently raises concerns for the medium term. News Background

According to SoSoValue, net outflows from spot Bitcoin ETFs in the US amounted to $812.3 million on August 1, the highest since February 25. As a result, the weekly outflow from BTC ETFs amounted to $643 million, a record high for the past 16 weeks.

The net outflow from spot Ethereum ETFs in the US on Friday amounted to $152.3 million. However, inflows in the previous days of the week managed to keep the indicator in positive territory (+$154.3 million). The positive trend has continued for 12 consecutive weeks.

Analyst Ali Martinez says that over the past two days, Bitcoin whales have bought 30,000 BTC. According to Santiment, over the past four months, whales with balances ranging from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.

According to The Block, trading volume on centralised crypto exchanges exceeded $1.7 trillion in July (the highest since February 2025), and trading volume on decentralised exchanges (DEX) also reached its highest level since January.

Galaxy Digital warned of risks in the public company sector, which accumulates cryptocurrencies by issuing shares. The model creates systemic vulnerability and could lead to a cascade collapse.

US SEC Chairman Paul Atkins announced Project Crypto. The project’s key objective is to establish clear rules for cryptocurrencies and turn the US into the “world’s crypto capital.” (FxPro)

News Flashback

Three blows to oil in three days

Oil has been under triple pressure since the end of last week, losing more than 7% per barrel of WTI since 31 July, reaching the important psychological level of $65.

The latest wave of oil sell-offs began with the realisation that US trade tariffs from August will be higher than initially expected, as higher tariffs are associated with an economic slowdown and weaker demand for energy. Fears of an economic slowdown intensified after the release of unexpectedly weak US employment data on Friday. Over the weekend, concerns were heightened by OPEC+'s increase in production quotas, which was reflected in the markets on Monday.

After its latest meeting, OPEC+ announced that it would increase production quotas for eight countries by 547,000 barrels per day starting in September.

Considering the quota increases since April, the entire voluntarily reduced volume of 2.2 million barrels per day will return to the market. This is a rather bold decision, given the growing fear that the global economy is slowing down.

Some link such steps by the cartel to the risks of supply disruptions due to potential sanctions from the US and the EU. In our opinion, it is also worth considering the cartel's intention to regain its market share from the US in this way.

Oil producers in the US are very sensitive to price, sharply cutting investment when prices fall. At the beginning of April, there were 489 oil rigs in operation, but according to data published on Friday, this number has fallen to 410. In the long term, a gradual increase in production efficiency should be considered, but at intervals of six months, it is unlikely that there will be any sharp progress. Therefore, we can expect some US production reduction and a gradual recovery in the share of traditional oil producers such as Saudi Arabia, Russia and the UAE.

The price of WTI crude oil, which rose to close to $70 at its peak last week, has returned to the lower end of the range since early June at $65. Closing the day below 66 will mark a failure below the 200- and 50-day moving averages, increasing the potential for further declines.

If OPEC+ really plans to increase its share of the oil market, it may not oppose further price declines. The intensification of negative trends in the global and US economies could bring the price back to this year's lows of $55 by the end of September and to the lower end of the downward corridor of $50 by the end of the year. However, further trends will depend heavily on the reaction of monetary authorities and oil producers. (FxPro)

News Flashback

July 29, 2025

Ethereum continues attempt to climb above $4,000

Market Picture

The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar's impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday's opening but not yet reaching its peak.

Bitcoin is trading near $118.7K, unable to break through the resistance at $120K. This indecision to break out of the range is likely to continue until the market sees the Fed's key rate decision on Wednesday evening.

Ethereum rose to $3,930 at the end of the day, fell back to $3,700 on Monday, where it found interest from new buyers and rose to $3,830 at the time of writing. The last seven days have seen a fairly sharp upward trend, and if this trend continues, the price will rise above 4,000 by the end of this week.

News Background

According to CoinShares, global investment inflows into crypto funds last week amounted to $1.908 billion. Investments in Ethereum increased by $1.595 billion, Solana by a significant $312 million, XRP by $190 million, and Sui by $8 million. Investments in Bitcoin decreased by $175 million.

Japan's Metaplanet announced the acquisition of 780 BTC ($92.5 million) at an average price of $118,600. The company's total reserves now amount to 17,132 BTC, worth over $2 billion.

According to Blockware, Bitcoin will no longer show ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have changed the market dynamics and reduced volatility.

According to Strategic ETH Reserve, the volume of the second cryptocurrency on the balance sheets of public companies has reached 2.32 million ETH (~$9.11 billion) — 1.92% of the total Ethereum supply. Bitmine Immersion Tech, associated with Fundstrat founder Tom Lee, pursues the most aggressive strategy. The company has ~566,800 ETH ($2.23 billion) on its balance sheet.

BNB, the fifth-largest cryptocurrency by capitalisation, updated its historical high above $860 on Monday. Against this background, Binance founder Changpeng Zhao's estimated fortune exceeded $76 billion. According to Forbes, Zhao owns 64% of the BNB supply — about 89.1 million tokens. (FxPro)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Stipulation
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 H

News

Cryptocurrency Movies
Documentaries

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

Gold, copper, & silver: How metals are moving this year

Metal futures have made some pretty dramatic moves lately from safe haven gold to tariff sensitive copper. So let's take a look at the longer term trends. I'm Jared Blikre, host of Stocks in Translation. And I'm going to start by charting some of the moves in Dr. Copper because this is where we have the most zig and zags over the last 25 years. So this goes back to the beginning of the century and we can see right now, we're at $5.51 per pound. That is a record high. But if we go back to the beginning of the century, guess what? Uh we had a little bit of a slump in the wake of the dot com boom and then bust, but starting in 2003, we saw a big rise there. And that was as China actually joined the World Trade Organization or the WTO. That lasted into the global financial crisis. Then we had a pretty big bust in in Dr. Copper, and then we had another rise. And that rise was due to unprecedented stimulus, not only from the Chinese government, but also from the United States government, QE was in force, and then we saw kind of a strong dollar play. That weighed on this metal all the way into the beginning of 2016. The entire world, most of the world indices went through a bear market in 2015, and then 2016, we found the footing. And that was actually the year that Trump won, began his first presidency. And from there, we saw some zig and zags, and then we saw a shock into the pandemic. A couple of, a couple of years of deflation or a semi-deflation, disinflation, that caught up with it in 2022, but then it was off to the races again. And especially with the Trump tariffs now on copper, threatening to be threatening to be 50% on August 1st, we're seeing a lot of front running in this trade. Now, I also want to show you gold futures and I'm going to show you silver as well. And they follow a very similar pattern. We're not seeing the dramatic zig and zags that we did in copper, but we did see the same pattern of China joining the WTO, contributing to that huge rise in price to 1800, almost $2,000 an ounce by the beginning of the global financial crisis. So a little bit of a meltdown there. But in 2016 into 2018, we saw a bit of a rise into the pandemic, a little bit of a whipsaw there, and consolidation over a few years. Again, that 2022 bare market in US stocks that contributed to some deflation and disinflation globally, supply chain chain shocks came into force again, and then we saw this huge rise beginning in late 2023, and we are now at 3353. We've seen a high of as much as $3,500 per ounce. And gold is kind of unique among the precious metals and also the industrial metals, and this is because central banks have been a huge determining force in their buying of it. This is a bar chart that shows central bank buying in tons going back all the way to 2010. And what you notice here is the last three years, 2022, 2023, 2024, all of those had gold being bought by central banks of in the amount of over 1,000 tons. And so that's a pretty big dramatic increase from the prior years. And this has to do with the ongoing dedollarization in China, as well as Russia, but also a host of other countries, even some in western and eastern Europe. So this is a trend that we want to follow. Uh, I want to close out here with silver, and I'm going to just chart the price action. Again, very similar chart to gold and copper in terms of the big movements here. We saw a big price spike into almost $50 per ounce, and that was just as the global financial crisis was getting underway. And then the QE area in 2011, that's when we saw that high. Then we saw a dramatic, dramatic crash into 2016, kind of found its footing, saw a big squeeze in the early pandemic, 2020 was a great year for silver, but then we saw a little bit of a fallout. And again, silver is on the rise here at $38. It's still off of that $50 record high, but it is increasing very quickly. To round out the conversation, I want to just put on a table here. I have all three medals and just kind of grouping them together. I want to display how they are moving with their specific patterns with a trigger, and then to tell you which one of these is featured in these specific criteria. So here, under the pattern, we have acceleration. So that would be an economic acceleration. The trigger would be liquidity. And when that happens, we see all metals benefiting from that. And then when there's a safe haven scare, and that trigger would be a crisis of some sorts, you're going to see gold and silver outperforming the most, kind of leaving Dr. Copper behind. And then here's a bearish one, industrial drags, that affects copper disproportionately here, and the trigger there is typically a stronger US dollar because the US dollar surges when global global industrials tend to drag, and that's because the US is the least dirty shirt in the laundry basket of the world. And then finally here, we have a policy shock. This will affect all three medals, but especially copper and gold here. Um, arguably, the biggest reason is tariffs and debt, and we've seen both of those contribute to silver rising. So we could put all three in that basket as well. But when you put it all together, we have the perfect explosive mix for all three of these metals, including palladium and also platinum, which we didn't get to have time for, but all of these are experiencing huge thrust in 2025. And we'll have to see how these tariffs play out, especially on Dr. Copper with respect to that August 1st deadline. Remember, 50% there. So tune into Stocks in Translation for more jargon busting deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finances website, or wherever you find your podcast. (Transcript from Yahoo! Finance podcast)

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

"Everything is a gamble" Greg Tingle, Media Man Group

Markets, Crypto and Culture

August 7, 2025

Sydney, Australia

Markets

ASX futures down 24 points/0.3% to 8782

Australian dollar +0.5% to 65.02 US cents

Wall Street:
S&P 500 +0.7%
Dow +0.2%
Nasdaq +1.2%

Europe:
Stoxx 50 +0.3%
FTSE +0.2%
DAX +0.3%
CAC +0.2%

Bitcoin +1.3% to $US115,115

Gold -0.4% to $US3368.83 per ounce
Oil -1.5% to $US64.19 a barrel
Brent crude oil -1.4% to $US66.72 a barrel
Iron ore -0.5% to $US101.95 per ton

10-year yield:
US 4.23%
Australia 4.25%
Germany 2.65%

News

Cryptos Today: (Near Live)

Bitcoin $115,228.43 USD +1.52%
Ethereum $3,674.05 USD +3.25%
Tether $1.00 USD +0.02%
XRP $3.00 USD +2.50%
BNB $770.47 USD +3.07%

News

Summer Break for the Crypto Market
Market Overview
The cryptocurrency market began August with a relatively narrow range of $3.6-3.8 trillion, ending Wednesday at $3.72 trillion. The support received in the area of previous peaks set in December and January suggests that this is a temporary pause to lock in profits and gain liquidity before a new surge. At the same time, however, such sluggishness is turning away the most active traders, who are used to seeing multiple rallies. Now they have moved on to very small projects.

On Tuesday, Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency. For comparison, the crypto market's total capitalisation is still moving significantly above its 50-day average, which is currently around $3.57 trillion.

News Background
Institutional investors are actively buying up Ethereum, while retail traders remain on the sidelines. SharpLink bought 83,561 ETH ($264.5 million) last week at an average price of $3,634. The company's reserves amount to almost 522,000 ETH (~$1.9 billion). However, Bitmine Immersion Tech remains the leader, with 833 coins worth over $3 billion. A total of 64 corporations now own 2.96 million ETH ($10.81 billion) or 2.45% of the total Ethereum supply.

Large companies continue to buy Bitcoin, adding 26,700 BTC to their reserves in July. Strategy bought 21,021 BTC for $2.46 billion last week. According to BitcoinTreasuries, public and private companies now hold 1.35 million BTC ($155 billion) on their balance sheets — more than 6% of the total digital gold supply.

US regulators have proposed new rules for the crypto industry. The CFTC has launched an initiative to legalise spot trading of cryptocurrencies on registered exchanges, and the SEC has updated its guidance on stablecoin accounting rules.

USDe from Ethena Labs has become the third-largest stablecoin. Since mid-July, its capitalisation has grown by 75% to $9.5 billion. Demand for the asset may have been spurred by high yields ranging from 10% to 19% per annum. The total capitalisation of all stablecoins has been growing for the seventh month in a row and is approaching $275 billion. (FxPro)

News

S&P500’s buy-the-dip sentiment helped Bitcoin

The sell-off of Bitcoin following Congress's passage of a law regulating the circulation of stablecoins and the retreat of US stock indices from record highs allowed Bitcoin bears to push prices below the lower boundary of the $116k—$120k consolidation range. When it looked like a severe correction was coming, US stocks stepped in again. Investors bought up the S&P 500 dip, and Bitcoin immediately bounced back.

Changes in global risk appetite continue to be the main driver of cryptocurrency prices. July saw a series of record highs for the S&P 500, making it a successful month for Bitcoin. Meanwhile, Bitcoin-focused ETFs attracted $6 billion, the third-best result in the history of specialised exchange-traded funds. Ether ETFs were not far behind, with a record inflow of $5.4 billion.

The situation changed dramatically at the turn of July and August. Interest in digital assets began to cool. Coinbase's Bitcoin premium fell into the red for the first time since May, indicating a decline in demand from US investors. Open interest in Bitcoin and Ether futures contracts fell by 13% and 21%, respectively, compared to Bitcoin's record high. According to Coinglass, on the last day of July, $800 million in long positions across all cryptocurrencies were liquidated.

Speculators doubt the rally's continuation, while crypto treasuries are buying Bitcoin under any conditions. On pullbacks or at market prices, ‘Strategy’ acquired more than 21,000 coins worth $2.46 billion during the week of July 28th to August 3rd. This is the third-largest cryptocurrency purchase by Michael Saylor's company since records began. The average price is the second highest in history. As a result, Strategy's reserves have grown to more than $71 billion.

The future dynamics of Bitcoin will depend on the fate of US stock indices and capital flows into ETFs. If the S&P 500's successes are temporary, Bitcoin will be forced to undergo a deep correction. If its quotes remain below the middle of the previous consolidation range of $116k—$120k, the bears are in control.

News

Bitcoin tests support at 50-day MA

Market Picture

The crypto market rolled back at the end of last week following a reduction in risk appetite in the financial markets. However, on Sunday, sentiment changed with the return of active buyers near the total capitalisation of $3.60 trillion. At the time of writing, the market is at $3.73 trillion (+3.6%). Less than 10% of the top 100 coins show gains over 7 days, among which the largest are TRON (+2.2%) and TON (+4.5%).

The crypto market sentiment index fell to 53 by Sunday morning, a six-week low, but recovered to 64 on Monday, reflecting a resurgence of bullish sentiment. However, another impressive upward move will be needed to confirm a local victory for the bulls.

On Saturday and Sunday, Bitcoin received support from buyers on declines below $112K near the 50-day moving average - the fourth touch of this curve since April. On the “buy the dip” sentiment, the first cryptocurrency recovered to $115K on Monday morning. The rebound from support is a bullish signal for the next couple of days, but the fact that it has been tested frequently raises concerns for the medium term. News Background

According to SoSoValue, net outflows from spot Bitcoin ETFs in the US amounted to $812.3 million on August 1, the highest since February 25. As a result, the weekly outflow from BTC ETFs amounted to $643 million, a record high for the past 16 weeks.

The net outflow from spot Ethereum ETFs in the US on Friday amounted to $152.3 million. However, inflows in the previous days of the week managed to keep the indicator in positive territory (+$154.3 million). The positive trend has continued for 12 consecutive weeks.

Analyst Ali Martinez says that over the past two days, Bitcoin whales have bought 30,000 BTC. According to Santiment, over the past four months, whales with balances ranging from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.

According to The Block, trading volume on centralised crypto exchanges exceeded $1.7 trillion in July (the highest since February 2025), and trading volume on decentralised exchanges (DEX) also reached its highest level since January.

Galaxy Digital warned of risks in the public company sector, which accumulates cryptocurrencies by issuing shares. The model creates systemic vulnerability and could lead to a cascade collapse.

US SEC Chairman Paul Atkins announced Project Crypto. The project’s key objective is to establish clear rules for cryptocurrencies and turn the US into the “world’s crypto capital.” (FxPro)

News

Three blows to oil in three days

Oil has been under triple pressure since the end of last week, losing more than 7% per barrel of WTI since 31 July, reaching the important psychological level of $65.

The latest wave of oil sell-offs began with the realisation that US trade tariffs from August will be higher than initially expected, as higher tariffs are associated with an economic slowdown and weaker demand for energy. Fears of an economic slowdown intensified after the release of unexpectedly weak US employment data on Friday. Over the weekend, concerns were heightened by OPEC+'s increase in production quotas, which was reflected in the markets on Monday.

After its latest meeting, OPEC+ announced that it would increase production quotas for eight countries by 547,000 barrels per day starting in September.

Considering the quota increases since April, the entire voluntarily reduced volume of 2.2 million barrels per day will return to the market. This is a rather bold decision, given the growing fear that the global economy is slowing down.

Some link such steps by the cartel to the risks of supply disruptions due to potential sanctions from the US and the EU. In our opinion, it is also worth considering the cartel's intention to regain its market share from the US in this way.

Oil producers in the US are very sensitive to price, sharply cutting investment when prices fall. At the beginning of April, there were 489 oil rigs in operation, but according to data published on Friday, this number has fallen to 410. In the long term, a gradual increase in production efficiency should be considered, but at intervals of six months, it is unlikely that there will be any sharp progress. Therefore, we can expect some US production reduction and a gradual recovery in the share of traditional oil producers such as Saudi Arabia, Russia and the UAE.

The price of WTI crude oil, which rose to close to $70 at its peak last week, has returned to the lower end of the range since early June at $65. Closing the day below 66 will mark a failure below the 200- and 50-day moving averages, increasing the potential for further declines.

If OPEC+ really plans to increase its share of the oil market, it may not oppose further price declines. The intensification of negative trends in the global and US economies could bring the price back to this year's lows of $55 by the end of September and to the lower end of the downward corridor of $50 by the end of the year. However, further trends will depend heavily on the reaction of monetary authorities and oil producers. (FxPro)

News Flashback

July 29, 2025

Ethereum continues attempt to climb above $4,000

Market Picture

The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar's impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday's opening but not yet reaching its peak.

Bitcoin is trading near $118.7K, unable to break through the resistance at $120K. This indecision to break out of the range is likely to continue until the market sees the Fed's key rate decision on Wednesday evening.

Ethereum rose to $3,930 at the end of the day, fell back to $3,700 on Monday, where it found interest from new buyers and rose to $3,830 at the time of writing. The last seven days have seen a fairly sharp upward trend, and if this trend continues, the price will rise above 4,000 by the end of this week.

News Background

According to CoinShares, global investment inflows into crypto funds last week amounted to $1.908 billion. Investments in Ethereum increased by $1.595 billion, Solana by a significant $312 million, XRP by $190 million, and Sui by $8 million. Investments in Bitcoin decreased by $175 million.

Japan's Metaplanet announced the acquisition of 780 BTC ($92.5 million) at an average price of $118,600. The company's total reserves now amount to 17,132 BTC, worth over $2 billion.

According to Blockware, Bitcoin will no longer show ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have changed the market dynamics and reduced volatility.

According to Strategic ETH Reserve, the volume of the second cryptocurrency on the balance sheets of public companies has reached 2.32 million ETH (~$9.11 billion) — 1.92% of the total Ethereum supply. Bitmine Immersion Tech, associated with Fundstrat founder Tom Lee, pursues the most aggressive strategy. The company has ~566,800 ETH ($2.23 billion) on its balance sheet.

BNB, the fifth-largest cryptocurrency by capitalisation, updated its historical high above $860 on Monday. Against this background, Binance founder Changpeng Zhao's estimated fortune exceeded $76 billion. According to Forbes, Zhao owns 64% of the BNB supply — about 89.1 million tokens. (FxPro)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Street Stipulation
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

News

Cryptocurrency Movies
Documentaries

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

Gold, copper, & silver: How metals are moving this year

Metal futures have made some pretty dramatic moves lately from safe haven gold to tariff sensitive copper. So let's take a look at the longer term trends. I'm Jared Blikre, host of Stocks in Translation. And I'm going to start by charting some of the moves in Dr. Copper because this is where we have the most zig and zags over the last 25 years. So this goes back to the beginning of the century and we can see right now, we're at $5.51 per pound. That is a record high. But if we go back to the beginning of the century, guess what? Uh we had a little bit of a slump in the wake of the dot com boom and then bust, but starting in 2003, we saw a big rise there. And that was as China actually joined the World Trade Organization or the WTO. That lasted into the global financial crisis. Then we had a pretty big bust in in Dr. Copper, and then we had another rise. And that rise was due to unprecedented stimulus, not only from the Chinese government, but also from the United States government, QE was in force, and then we saw kind of a strong dollar play. That weighed on this metal all the way into the beginning of 2016. The entire world, most of the world indices went through a bear market in 2015, and then 2016, we found the footing. And that was actually the year that Trump won, began his first presidency. And from there, we saw some zig and zags, and then we saw a shock into the pandemic. A couple of, a couple of years of deflation or a semi-deflation, disinflation, that caught up with it in 2022, but then it was off to the races again. And especially with the Trump tariffs now on copper, threatening to be threatening to be 50% on August 1st, we're seeing a lot of front running in this trade. Now, I also want to show you gold futures and I'm going to show you silver as well. And they follow a very similar pattern. We're not seeing the dramatic zig and zags that we did in copper, but we did see the same pattern of China joining the WTO, contributing to that huge rise in price to 1800, almost $2,000 an ounce by the beginning of the global financial crisis. So a little bit of a meltdown there. But in 2016 into 2018, we saw a bit of a rise into the pandemic, a little bit of a whipsaw there, and consolidation over a few years. Again, that 2022 bare market in US stocks that contributed to some deflation and disinflation globally, supply chain chain shocks came into force again, and then we saw this huge rise beginning in late 2023, and we are now at 3353. We've seen a high of as much as $3,500 per ounce. And gold is kind of unique among the precious metals and also the industrial metals, and this is because central banks have been a huge determining force in their buying of it. This is a bar chart that shows central bank buying in tons going back all the way to 2010. And what you notice here is the last three years, 2022, 2023, 2024, all of those had gold being bought by central banks of in the amount of over 1,000 tons. And so that's a pretty big dramatic increase from the prior years. And this has to do with the ongoing dedollarization in China, as well as Russia, but also a host of other countries, even some in western and eastern Europe. So this is a trend that we want to follow. Uh, I want to close out here with silver, and I'm going to just chart the price action. Again, very similar chart to gold and copper in terms of the big movements here. We saw a big price spike into almost $50 per ounce, and that was just as the global financial crisis was getting underway. And then the QE area in 2011, that's when we saw that high. Then we saw a dramatic, dramatic crash into 2016, kind of found its footing, saw a big squeeze in the early pandemic, 2020 was a great year for silver, but then we saw a little bit of a fallout. And again, silver is on the rise here at $38. It's still off of that $50 record high, but it is increasing very quickly. To round out the conversation, I want to just put on a table here. I have all three medals and just kind of grouping them together. I want to display how they are moving with their specific patterns with a trigger, and then to tell you which one of these is featured in these specific criteria. So here, under the pattern, we have acceleration. So that would be an economic acceleration. The trigger would be liquidity. And when that happens, we see all metals benefiting from that. And then when there's a safe haven scare, and that trigger would be a crisis of some sorts, you're going to see gold and silver outperforming the most, kind of leaving Dr. Copper behind. And then here's a bearish one, industrial drags, that affects copper disproportionately here, and the trigger there is typically a stronger US dollar because the US dollar surges when global global industrials tend to drag, and that's because the US is the least dirty shirt in the laundry basket of the world. And then finally here, we have a policy shock. This will affect all three medals, but especially copper and gold here. Um, arguably, the biggest reason is tariffs and debt, and we've seen both of those contribute to silver rising. So we could put all three in that basket as well. But when you put it all together, we have the perfect explosive mix for all three of these metals, including palladium and also platinum, which we didn't get to have time for, but all of these are experiencing huge thrust in 2025. And we'll have to see how these tariffs play out, especially on Dr. Copper with respect to that August 1st deadline. Remember, 50% there. So tune into Stocks in Translation for more jargon busting deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finances website, or wherever you find your podcast. (Transcript from Yahoo! Finance podcast)

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

"Everything is a gamble" Greg Tingle, Media Man Group

Cryptos: (Near Live)

BTC $117,250.66 USD -1.09%
Ethereum $3,111.50 USD +4.36%
Tether $0.9999 USD -0.23%
XRP $2.89 USD +0.33%
BNB $687.41 USD +0.41%
Solana $161.92 USD +0.68%
USD Coin $0.9994 USD -0.07%
Dogecoin $0.1968 USD +1.99%
TRON $0.301 USD -0.30%
Cardano $0.7372 USD +1.79%

Markets, Cryptos and Culture

July 8, 2025

Australian dollar -0.96% to 64.93 US cents

Wall Street:
S&P 500 -0.79%
Dow -0.94%
Nasdaq -0.92%

Europe:
Stoxx 50 +1%
FTSE -0.19%
DAX +1.2%
CAC +0.35%

Bitcoin -0.59% to $US108,145

Gold +0.11%t $US3346.50 per ounce
US oil +1.54% to $US68.03 a barrel
Brent crude oil +1.96% to $US69.64 a barrel
Iron ore -1.02% at $US95.22 per ton
10-year yield: US 4.38% Australia 4.18% Germany 2.64%

News

Cryptos Today: (Near Live)

Bitcoin $108,222.28 USD -1.43%
Ethereum $2,539.11 USD -2.53%
Tether $1.00 USD -0.21%
XRP $2.28 USD -0.50%
BNB $660.68 USD -0.77%
Solana $148.30 USD -3.28%
USD Coin $1.00 USD +0.12%
Dogecoin $0.1667 USD -3.96%
TRON $0.2865 USD -0.22%
Cardano $0.576 USD -2.83%
Wrapped Bitcoin $108,045.74 USD -1.45%
Bitcoin Cash $493.24 USD -0.85%
Sui $2.84 USD -4.23%
Chainlink $13.36 USD -2.55%
UNUS SED LEO $9.04 USD -0.14%

Cryptocurrency News

Market Trends: The crypto market is showing volatility with positive momentum. Bitcoin is trading around $109,031.50, up 0.69%, while Ethereum is at $2,561.66, up 1.77%. Solana ($151.09, +2.45%) and other altcoins like Chainlink ($13.46, +1.79%) are also trending upward. The total crypto market cap is steady at $3.47 trillion.

Bitcoin Developments: Bitcoin treasury companies are gaining dominance, with public companies, including one linked to President Donald Trump, aggressively buying crypto amid a softening regulatory environment. Spot Bitcoin ETF inflows have reached $14.4 billion in 2025 through July 3. Bitcoin hit a $2 trillion valuation, rivaling major corporations like Apple.

Regulatory Updates:
The UAE denied claims that staking Toncoin (TON) could lead to golden visa eligibility, causing a 6% price drop after a 10% surge.

Hong Kong established the world’s first stablecoin regulatory regime, effective August 1.

Ripple and Circle are applying for U.S. national bank charters, signaling mainstream financial integration.

Emerging Projects:
BlockDAG raised $332 million in presale and is preparing for a global launch, making it a top-trending crypto.

Arbitrum (ARB) is gaining attention due to a Robinhood partnership for tokenized U.S. ETF trading.

Mutuum Finance (MUTM) is generating buzz in crypto forums as a new asset with high growth potential.

Scams and Losses: Investors lost nearly $2.5 billion to crypto scams and hacks in 2025 so far, highlighting ongoing security challenges.

Price Predictions: Analysts are bullish, with XRP potentially reaching $3–$3.50 due to restored investor trust post-SEC legal clarity. Some speculate XRP could hit $100 with Wall Street’s entry. Bitcoin and Solana are also projected for significant gains, with Bitcoin possibly reaching $230,000 and Solana targeting $4,390 based on technical patterns. (Grok)

News

Pop Culture News

Dream Matches: Fantasy Booking/Sports; Media Man Group Dream Match Series

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 Street Stipulation
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

News

Cryptocurrency Movies

Documentaries

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

Media Man

"Everything is a gamble" Greg Tingle, Media Man Group

Markets, Cryptos and Culture

June 30, 2025

ASX futures up 5 points/0.1% to 8,521
AUD -0.26% at US65.29¢
Bitcoin +0.83% to $US108,249
Dow +1.0% S&P +0.5% NAS +0.5%
Gold -1.8% to $US3,287.60 an ounce
Oil +0.1% at $US67.77 a barrel
Iron ore +1.4% at $US94.75 a ton

Cryptos Today: (Near Live)

Bitcoin $107,845.11 USD +0.65%
Ethereum $2,443.93 USD +0.58%
Tether $1.00 USD +0.61%
XRP $2.19 USD +0.48%
BNB $651.06 USD +0.75%
Solana $151.66 USD +0.98%
USD Coin $0.9995 USD +0.08%
Dogecoin $0.1647 USD +0.92%
TRON $0.2767 USD +1.31%
Cardano $0.5608 USD -0.45%
Wrapped Bitcoin $107,797.10 USD +0.68%

News

Bitcoin News

Price Movements: Bitcoin is trading at approximately $108,220, with a market cap of $2.15 trillion and a 24-hour trading volume of $10.41 billion, close to its highest monthly close ever, signalling bullish sentiment. It recently reclaimed $106,000 after dipping to $98,500, driven by optimism around a U.S.-brokered Israel-Iran ceasefire and expectations of Federal Reserve rate cuts. Analysts project potential rallies to $120,000-$150,000 by year-end, with some long-term forecasts reaching $500,000 by 2030.

Geopolitical Impact: The ceasefire announcement by U.S. President Donald Trump boosted global market confidence, fuelling a crypto rally. Bitcoin rose 5%, alongside altcoins like Ethereum (9%), Solana (10%), and XRP (7%). However, geopolitical risks, like Middle East tensions, continue to influence volatility.

Institutional and State Adoption: Texas became the first U.S. state to fund a Bitcoin reserve with a $10 million purchase, following Governor Greg Abbott’s signing of Senate Bill 21. The Trump administration is also pushing for a national strategic crypto reserve, including Bitcoin, funded by seized assets. Additionally, Strategy (formerly MicroStrategy) added 245 BTC to its $63 billion holdings, with more purchases expected.

Regulatory Shifts: The U.S. Federal Reserve’s decision to remove “reputational risk” from bank supervision, previously known as Operation Choke Point 2.0, is seen as a positive move for crypto custody services, potentially boosting institutional adoption.

Market Trends: Bitcoin whales are accumulating, with exchange deposits at decade lows, and a bull flag pattern suggests a potential breakout to $117,700. However, concerns linger about quantum computing advancements threatening Bitcoin’s cryptography and the environmental impact of mining operations.

Industry Developments: Vice President JD Vance, speaking at the Bitcoin 2025 Conference, called crypto a “movement,” signaling White House support. Meanwhile, U.S. investor Anthony Pompliano launched ProCap Financial, a $1 billion Bitcoin treasury company, and Texas-based firms are exploring AI-powered energy optimization for mining.

Risks and Scams: Crypto hacks hit a record high in 2025’s first half, and CoinMarketCap faced a scam exploit via malicious pop-ups. Additionally, unclaimed crypto from deceased users is a growing issue, with platforms lacking inheritance tools. (Grok)

News

Blockchain News

Digital Asset Funding: Digital Asset raised $135 million to scale its Canton Network, a permissionless layer-1 blockchain focused on institutional-grade compliance and privacy. The funding, backed by Goldman Sachs and Citadel, aims to accelerate onboarding real-world assets like bonds and alternative funds.

Stablecoin Blockchain Launch: Codex, a blockchain for stablecoins with $16 million in funding from Dragonfly Capital, Coinbase, and Circle Ventures, launched its mainnet. It focuses on bridging crypto and traditional finance, with native USDC support to enhance stablecoin adoption.

Fiserv’s Stablecoin Integration: Fintech giant Fiserv introduced a bank-friendly stablecoin, compatible with the Solana blockchain, leveraging Paxos and Circle infrastructure. This move aims to integrate blockchain-based payments into existing banking systems without additional fees.

Bitcoin Treasury Surge: Institutional Bitcoin adoption is growing, with The Blockchain Group in Paris raising $340 million for a corporate Bitcoin treasury, signaling a trend of firms using BTC to boost share value. Blockstream CEO Adam Back noted this could shift investor focus from altcoins.

US Legislative Push: The US House passed the Deploying American Blockchains Act of 2025 (HR 1664), directing the Secretary of Commerce to promote blockchain adoption and competitiveness, reinforcing US leadership in distributed ledger technologies.

XRP Ledger Advancements: Ripple’s XRP Ledger activated a permissioned decentralized exchange (DEX), blending compliance and decentralization to drive institutional blockchain adoption. Ripple also minted 13 million RLUSD, nearing a major stablecoin market milestone.

Regulatory Developments: Singapore’s new crypto rules mandate licensing by June 30, 2025, with non-compliant firms facing $200K fines or prison. Meanwhile, Vietnam legalized crypto under a new digital tech law, aiming for global tech leadership.

Innovative Blockchain Solutions: Nexus activated a testnet for 2.1 million users, rethinking blockchain infrastructure for AI integration. Algorand partnered with Paycode to bring blockchain-powered payments to underserved communities in Afghanistan, Ghana, and Zambia.

These updates reflect a strong push toward institutional adoption, stablecoin integration, and regulatory clarity in the blockchain space. For more details, platforms like Cointelegraph, The Block, or CoinGape offer comprehensive coverage. (Grok)

News

Gold News

Americans Cash Out on Gold Coins as Asian Investors Bulk Up

Americans who once snapped up gold bars and coins are offloading the assets while their Asian counterparts show no letup in bullion buying, a sign investors on opposite sides of the world have different outlooks on the global economy.

The divergence suggests US residents who stash bars and coins at home or in safe deposit boxes — akin to stock market day traders — are more at ease about US President Donald Trump’s tariffs, rising government debt and geopolitical tensions. And, they’re ready to cash in after the metal’s stunning rally over the past two years.

Known as retail investors, these Americans are bucking broader market trends in which more wealthy investors continue to aggressively buy the haven asset as do sovereign funds and central banks. Meanwhile, Asian gold buyers are eschewing jewelry for bars and coins.

In the US, “A lot of the retail investors tend to be Republican-leaning. And whatever we say about the policy of tariffs, they like the idea of how Trump’s doing,” said Philip Newman, managing director at research consultancy Metals Focus Ltd. “So from their point of view, there’s less reason to buy gold.”

The US market is so awash with bars and coins that some precious metals dealers have slashed their premiums to the lowest in six years to spur sales. And when investors sell, they’re now looking at paying dealers a fee to offload gold.

Bullion dealer Money Metals Exchange LLC currently charges buyers of one-ounce American Eagle gold coins $20 over spot prices, compared with $175 four years ago. And sellers now need to pay about $20 for the online exchange to take the metal, whereas in 2021 they would have received an extra $121 for selling.

The glut has led to a collapse in sales of newly minted bullion products, with the US Mint’s American Eagle gold coins — a proxy for retail demand — tumbling more than 70% in May from the prior year.

The demand for gold bars and coins has been falling for the past three years in North America and Western Europe while rising everywhere else in the world, with last year marking the biggest divergence on record in data going back to 2014, according to Metals Focus. That gap continued into the first quarter of 2025, driven predominately by the selloff in the US market, according to the consultancy.

Meanwhile, demand for bars and coins rose 3% in the Asia-Pacific region in the first quarter, with the Chinese market registering a 12% year-on-year increase, according to the latest data from the World Gold Council, a trade body representing gold miners. South Korea, Singapore, Malaysia and Indonesia all posted gains of more than 30%.

Initial worries of China and Asia getting hit the hardest by Trump’s tariffs led to “super strong” demand for gold in the region, said Kenny Hu, a commodity strategist at Citigroup Inc (C). Concerns about local currency depreciation also means gold remains the go-to asset for Asian investors who played a key role in the metal’s rally since 2024.

Investors in Southeast Asia lacking other investment options have started recognizing gold as a strategic asset, said Brian Lan, managing director of GoldSilver Central, a Singapore-based precious metals dealer.

“Southeast Asians who have memories of the war understand that gold is a form of insurance during periods of uncertainty,” he said.

In the US, profit taking is part of the equation given gold’s stunning climb — up 59% since the beginning of 2024 to $3,274.33 an ounce Friday. But Wall Street banks are split over whether the rally has ended. Goldman Sachs Group Inc. reaffirmed a $4,000-an-ounce forecast by next year and Morgan Stanley expects $3,800 by the end of this year, while Citigroup Inc. sees prices dipping below $3,000 next year.

“When there’s fear, they own more gold and less risk assets,” said Hu of Citigroup. “And now maybe they’re thinking things are actually fine. Tariffs are not that bad. Things will get negotiated out. Geopolitics eventually will de-escalate and US growth may be not that bad.” (AI News)

News

Cryptocurrency Movies

Documentaries
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

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

"Everything is a gamble" Greg Tingle, Media Man Group

"It's not that hard to find dirt on people, former journalist or not. Look for the gold in everyone. It's there when you look deep enough. Some people it shines immediately, others one needs to drill a little more" Greg Tingle, Media Man Group

Markets

June 27, 2025

Australian dollar +0.5% to 65.46 US cents

Wall Street:
S&P 500 +0.8%
Dow Jones +0.9%
Nasdaq +1%

Europe:
Stoxx 50 -0.2%
FTSE +2%,
DAX +0.6%
CAC -0.01%

Bitcoin +0.1% to US$107,875

Gold $US3329.90 an ounce at 6.41am AEDT
US oil +0.5% to $US62.26 a barrel at 8.42am AEDT
Brent Crude Oil +0.1% to $US67.78 a barrel
Iron ore -1% at $US94.52 a ton
10-year yield: US 4.24% Australia 4.1% Germany 2.57%

News

Gold once again approaches a cliff edge

The Israel and Iran ceasefire has reduced demand for gold as a safe-haven asset. The precious metal failed to break out of the medium-term consolidation range of $3,100 to $3,400 per troy ounce and resume its upward trend. This signals weakness among bulls and allows Citigroup to predict a fall in prices below $3,000 in 2026. According to the bank, thanks to Donald Trump's ‘big and beautiful’ tax bill, the acceleration of the US economy will push gold prices down. The decrease in geopolitical risks will also contribute to gold's decline.

Goldman Sachs, on the other hand, maintains its forecast for the precious metal to rise to $4,000. It cites the insatiable appetite of central banks, the weakening dollar, and the fall in US Treasury bond yields. Indeed, the White House is keen on lower debt market rates and a weaker currency. A recent survey by the World Gold Council shows that 43% of central banks plan to increase their bullion purchases over the next 12 months, up from just 29% a year ago.

The recent de-escalation has once again tested gold's support at its uptrend, marked by the 50-day moving average. On Friday, sellers pushed the price below this level, which passes through 3324, and are even attempting to stabilise below 3300. In May, a sharp movement managed to push the price back above this line. However, this metric is now turning downward, reflecting over two months of consolidation after reaching recent highs.

All signs indicate a potential repeat of the consolidation seen in November-December last year, which laid the groundwork for the subsequent rally. However, there is also a high probability that the failure to break through the $3500 level over the past two months signals a global trend reversal. We await whether this will mirror 2020, with a 20% correction in the next six months and a two-year sideways movement or resemble the nearly halving in gold prices from 2011 to 2015. (FxPro)

News

ASX dips on tech sell-off; lithium stocks rally

The Australian sharemarket drifted lower on Thursday, with the S&P/ASX 200 easing 0.1 per cent to close at 8,550.8 points. Northern Star Resources fell 2.3 per cent to $18.84, Xero was down 5.3 per cent at $184 and the Commonwealth Bank finished 0.4 per cent lower at $190.71. However, Mineral Resources was up 3.6 per cent at $20.90 and DroneShield added 11.7 per cent to end the session at $2.39. (RMS)

News

'Not the moment' for abandoned rare earths mega-merger, says Lynas boss

A merger of Lynas Rare Earths with MP Materials would create a monopoly of rare earths in the Western world, and the idea that they should merge has been previously flagged. Lynas CEO Amanda Lacaze said on Wednesday that she had been of the view that a merger of the two was a good idea, but that for a "variety of reasons, it didn't happen". Speaking on the sidelines of a talk for the Western Australian Mining Club, she said that there were no discussions between Lynas and MP Materials about a merger at present. She said that deals often have their moment, "and now is not the moment, unfortunately", in terms of one between the two companies. (Roy Morgan Summary)

News

Best Quotes Of The Day

"The best and biggest gold mine is in between your ears. To find the gold, think deeply and think better."

"You are a gold mine of potential power. You have to dig to find it and make it real."

"Don't die without mining the gold in your mind."

"We're like goldfields. Until we dig deep to find what's inside us, our true potentials may be hidden forever."

"Even if you're sitting on a gold mine, you still have to dig." Broadway Mining

"There's a gold mine in you that must be exploited"

Markets and Cryptos

June 16, 2025

Sydney, Australia

Markets

ASX futures down 20 points/0.2% to 8532
AUD -0.1% at US64.81¢
Bitcoin +0.6% to $US105,292
Dow -1.8%
S&P -1.1%
Nasdaq -1.3%
Gold +1.4% to $US3432.34 an ounce
Brent oil +7.0% at $US74.23 a barrel
Iron ore -0.7% at $US93.85 a ton

News

Cryptos

Bitcoin $105,646.18 USD +0.49%
Ethereum $2,549.30 USD +1.19%
Tether $1.00 USD -0.08%
XRP $2.17 USD +1.48%
BNB $648.26 USD +0.76%
Solana $153.19 USD +5.96%
USD Coin $1.00 USD -0.06%
Dogecoin $$0.1752 USD -1.00%
TRON $0.2734 USD +0.70%
Cardano $0.6329 USD +1.50%
Wrapped Bitcoin $105,633.91 USD +0.49%

News

Gold 2nd Ranked To USD In Global Reserves

Gold has firmly reasserted itself as a strategic anchor in the global financial system, now ranking second only to the US dollar—and ahead of the euro—in terms of official reserve holdings measured at market value. This structural shift, outlined in the European Central Bank’s latest report on the international role of the euro, underscores how price dynamics, central bank behavior, and geopolitical realignment have collectively elevated gold’s monetary relevance.

From Inflation Hedge to Geopolitical Barometer

In 2024, gold prices surged by 30%, followed by another 30% year-to-date in 2025, briefly reaching an all-time nominal high of $3,500 per troy ounce in April. This sharp rally signals more than just a technical or inflation-driven cycle—it reflects a broader revaluation of gold’s role amid rising global uncertainty.

Conclusion: Gold’s Strategic Repricing

The ECB’s findings reflect a broader paradigm shift in the logic of reserve accumulation. Gold has not only appreciated in nominal terms—it has been reconceptualized as a core asset for monetary sovereignty and geopolitical insulation.

Its elevation to second place in global reserves is more than symbolic. It signals a growing distrust in traditional reserve currencies and a collective desire among central banks—particularly outside the Western alliance—to build resilience against political and financial coercion.

In this new global context, gold is no longer a passive relic of the past. It is increasingly being recognized as an active pillar of reserve strategy, with implications that stretch far beyond price charts and interest rate models.

News

Market Background

Australian dollar -0.1% to 64.84 US cents
Wall Street:
S&P 500 -1.1%, Dow Jones -1.8%, Nasdaq -1.3%
Europe: Stoxx 50 -1.3%
FTSE -0.4%
DAX -1.1%
CAC -1%
Bitcoin -0.3% to $US104,682
Spot gold +1.4% to $US3432.34 per ounce on Saturday
US oil +7.3% to $US72.98 a barrel on Saturday
Brent crude +7% to $US74.23 a barrel on Saturday
Iron ore -0.7% to $US93.85 per tonne
10-year yield: US 4.40% Australia 4.15% Germany 2.53%

News

Gold News

Recent gold news highlights a surge in prices driven by geopolitical tensions and economic factors. Gold prices in Dubai spiked to near-record highs, with 24-karat gold reaching Dh412.75 per gram (approximately $112.84), following Israel’s military strikes on Iran, boosting demand for safe-haven assets. Globally, spot gold hit a one-week peak at around $3,424.6 per ounce, up 1.2%, fueled by Middle East conflicts and expectations of Federal Reserve rate cuts. In India, gold prices crossed Rs 1,01,540 per 10 grams, a Rs 2,200 surge, driven by safe-haven buying amid the Israel-Iran conflict. Analysts note gold’s appeal as a hedge against market volatility, with prices up 29% in 2025, though jewelry demand has weakened due to high costs. Central banks are on track to buy 1,000 metric tons of gold in 2025, marking a fourth year of significant purchases to diversify reserves. Posts on X also reflect bullish sentiment, with some predicting gold could reach $4,000 per ounce, though such claims are speculative.

For investors, gold remains attractive but experts caution against over-allocation due to its volatility. Always verify market trends with trusted financial sources before making investment decisions. (Grok)

News

Best Quotes

“Gold is the money of kings.” – Anonymous.

“He who has the gold makes the rules.” – Unknown.

“Gold is a living god and rules in scorn, all earthly things but virtue.” – Percy Bysshe Shelley.

“Gold is a deep and liquid subject.” – Anonymous.

“Gold is forever.” – Anonymous

News

Best Quotes

"Journalism allows its readers to witness history; fiction gives its readers an opportunity to live it." - John Hersey

"In America, the president reigns for four years, and journalism governs forever and ever." - Oscar Wilde

"The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow" Rupert Murdoch

Markets and Cryptos

June 13, 2025

Markets

ASX futures up 48 points/0.6 per cent to 8607
AUD +0.5% to US65.30¢
Bitcoin -1.9% to $US106,805
Wall St:
Dow +0.2% S&P +0.4% Nasdaq +0.2%
VIX +0.73 to 17.99
Gold +1% to $US3388.31 an ounce
Oil +0.4% to $US70.06 a barrel
Iron ore -0.7% to $US94.45 a ton
10-yr yield: US 4.36% Australia 4.23%

Cryptos

Cryptos Today: (Near Live)

Bitcoin $106,586.75 USD -2.33%
Ethereum $2,662.28 USD -5.95%
Tether $1.00 USD +0.07%
XRP $2.21 USD -3.99%
BNB $657.30 USD -1.68%
Solana $153.75 USD -5.97%
USD Coin $0.9999 USD +0.05%
Dogecoin $0.1828 USD -6.65%
TRON $0.2722 USD -2.28%
Cardano $0.6651 USD -5.68%
Wrapped Bitcoin $106,528.01 USD -2.20%

News

Bitcoin fails to consolidate above $110K

Market Picture

The crypto market has lost 1.6% of its capitalisation over the past 24 hours to $3.39 trillion. Technically, this is a retreat from previous highs, which provided resistance. The sell-off was triggered by pressure on risky assets due to renewed tensions in the Middle East. However, this should be seen as a temporary setback.

Bitcoin fell below $108K, once again encountering a sell-off after touching $110K. This downward move caused a broad group of altcoins to give back some of their recent gains. Nevertheless, the sell-off appears to be limited and technical for now. The dollar's proximity to multi-year lows reinforces the bullish sentiment for the near term.

News Background

Bitcoin Core developers will remove the default limit on the amount of OP_RETURN data published in the v30 client release scheduled for October. The actual limit will be a block size of 4 MB.

The Ethereum Foundation team has published its first report as part of the Trillion Dollar Security initiative. Researchers have identified six key areas that require significant improvements to ensure the security of the network in the future.

The value of tokenised RWA assets has grown 245 times over the past five years to $21 billion, according to Coinbase. Private loans on the blockchain (61%) and US government bonds (30%) accounted for more than 90% of the RWA market share.

Polygon co-founder Sandeep Nailwal has taken full control of the Polygon Foundation (PF) as its first CEO and presented changes to the project's strategic priorities.

According to Bloomberg analyst Eric Balchunas, the SEC could approve spot ETFs based on a basket of cryptocurrencies as early as July and then decide on Solana-based funds. Another Bloomberg analyst, James Seyffart, does not expect a decision from the SEC before early October. (FxPro)

News

Oil jumps amid a bear market

Several pieces of bullish news converged on oil on Wednesday, causing prices to jump more than 6% during the day, but a 3% pullback on Thursday shows that bears are still in charge.

Among the important drivers for oil at the end of the day on Wednesday were reports of the evacuation of part of the US embassy in Iraq due to instability in the region. This is a reaction to Israel's intensified preparations for an attack on Iran, which sharply increases the risks of retaliatory measures and a reduction in oil supplies from the region.

In addition, news of a trade agreement between China and the US is positively impacting oil, potentially increasing energy demand and overall risk appetite.
Soft US inflation data also contributed to the dollar's weakening, facilitating oil price growth.

However, important industry indicators also emerged. Commercial crude oil inventories fell by 3.6 million barrels last week after declining by 4.3 million and 2.8 million barrels in the previous two weeks.

Earlier reports from Baker Hughes pointed to a significant reduction in active oil rigs to 442 (the lowest in almost four years) compared to an average of approximately 486 in March-April. This is a clear shift towards reduction after a period of stabilisation, which promises a decline in production in the coming quarters.

It appears that America will return to Saudi Arabia or OPEC+, which is the market share gained after 2020.

In its rise, the price of WTI crude oil approached the 200-day average, as we saw at the beginning of April. The impressive sell-off as it approached this level suggests that bears remain in control of the market, regardless of the news. Except for a couple of weeks at the beginning of the year, this downward trend line has acted as effective resistance since August last year. The bears' territory extends all the way to the $70 level, which, if broken, would be an important signal of a change in sentiment. Until then, the rise of oil may remain an opportunity to sell at a higher price. (FxPro)

News

Gold News

Gold Price Movements:

Gold prices have been volatile due to global economic uncertainties and trade tensions. On June 11, 2025, gold August contracts on the Multi Commodity Exchange (MCX) in India opened at ?97,249 per 10 grams, reflecting a rebound amid global uncertainties.

In the U.S., spot gold prices fell 1.1% to $3,316.13 per ounce on June 6, after a stronger-than-expected U.S. jobs report (139K jobs added in May) reduced expectations for Federal Reserve rate cuts. U.S. gold futures settled 0.8% lower at $3,346.60.

On June 12, gold prices in Chennai were reported at ?97,234 per 10 grams for 24-carat gold, with silver at ?1,06,900 per kg.

Gold has risen approximately 28-30% year-to-date in 2025, driven by geopolitical tensions and economic uncertainty, though it faced selling pressure after the U.S. jobs data.

Central Bank Gold Purchases:
Central banks globally are projected to buy 1,000 metric tons of gold in 2025, marking the fourth consecutive year of significant purchases as they diversify reserves away from U.S. dollar-denominated assets.

The European Central Bank noted that gold has surpassed the euro as the world’s second-most important reserve asset for central banks, signaling a shift in global financial strategies.

China’s Gold Strategy:
China is pursuing a strategy to weaken the U.S. dollar’s dominance by increasing gold reserves and promoting gold-based trade, including through the Shanghai Gold Exchange. In March 2025, the China Banking and Insurance Regulatory Commission mandated insurance firms to allocate at least 1% of their assets (worth over $4.5 trillion) to physical gold.

India’s Gold Market:
The Reserve Bank of India (RBI) has tightened rules for gold loan collaterals, impacting the gold loan market. India also maintains high import duties on gold, though the RBI continues to accumulate gold reserves.

On June 3, 2025, 24-carat gold in India increased by ?282 to ?96,962 per 10 grams, while silver rose by ?2,178 to ?99,939 per kg. Gold remains ?2,138 below its April 22 peak of ?99,100 per 10 grams.

Silver Outperformance:
Silver prices have surged, reaching above $36.06 per ounce on June 6, the highest since February 2012, driven by technical momentum and investor interest in precious metals as safe-haven assets. Silver has gained over 20-25% in 2025 but trails gold’s 28-30% rise.

U.S. Gold Reserves Audit:
U.S. Congressman Thomas Massie introduced legislation to audit America’s gold reserves at Fort Knox, the first comprehensive audit since 1953. Posts on X suggest controversy, with some claiming U.S. Treasury officials resisted the audit, raising speculation about the reserves’ status. However, these claims are unverified and inconclusive.

Investment Trends:
Gold funds saw their first outflow in 15 months ($678 million in May), as investors shifted toward crypto and other assets for diversification amid easing trade tensions.

Experts recommend holding 5-20% of portfolios in gold to hedge against inflation and volatility, with some predicting further price increases due to potential trade tariffs and economic policies.

Other Developments:
Tanzania plans to mandate that large-scale miners refine and trade at least 20% of their gold output domestically.

Concerns about illegal gold mining in South Africa persist, with a focus on a fugitive alleged kingpin linked to a disused mine where 78 corpses were found.

Note: Gold prices are influenced by factors like U.S. dollar strength, Federal Reserve policies, geopolitical tensions (e.g., U.S.-China trade disputes), and potential tariff impacts. Investors are advised to consult certified experts before making investment decisions. (Grok)

News

Best Quotes

“Gold is the money of kings.” – Anonymous.

“He who has the gold makes the rules.” – Unknown.

“Gold is a living god and rules in scorn, all earthly things but virtue.” – Percy Bysshe Shelley.

“Gold is a deep and liquid subject.” – Anonymous.

“Gold is forever.” – Anonymous

News

Best Quotes

"Journalism allows its readers to witness history; fiction gives its readers an opportunity to live it." - John Hersey

"In America, the president reigns for four years, and journalism governs forever and ever." - Oscar Wilde

"The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow" Rupert Murdoch

Markets and Cryptos

ASX futures up 29 points/0.3% to 8625
AUD +0.1% at US65.23¢
BTC +0.9% to $US109,663
Dow +0.1%
S&P +0.4%
NAS +0.5%
Gold +0.2% to $US3332.66 an ounce
Oil -0.6% at $US66.61 a barrel
Iron ore -0.4% at $US94.35 a ton

Cryptos Today: (Near Live)

Bitcoin $109,602.86 USD +0.71%
Ethereum $2,760.81 USD +6.83%
Tether $1.00 USD-0.12%
XRP $2.29 USD -0.23%
BNB $669.38 USD +1.02%
Solana $163.85 USD +4.64%
USD Coin $0.9998 USD -0.01%
Dogecoin $0.1944 USD +3.77%
TRON $0.2908 USD +0.95%
Cardano $0.7079 USD +3.22%
Wrapped Bitcoin $109,668.98 USD +0.92%

News

Bitcoin lags S&P; Ethereum is pumping up with new money
The paths of Bitcoin and US stock indices seem to have diverged in June. The S&P 500 rose for several consecutive trading sessions thanks to the de-escalation of trade conflicts, the strength of the US economy and positive corporate reporting. The first digital coin came under pressure due to capital flowing to Ether, doubts about the effectiveness of new stablecoins legislation and conflicts of interest. Donald Trump's family is becoming increasingly involved in the crypto business. An affiliate company has announced the purchase of Bitcoin through the issuance of securities, and the president's sons intend to launch their own Bitcoin ETF. As a result, digital assets are perceived as Trump's personal interest.

Ether, which has been in the shadows for a long time, is now leaping forward. Over the past two weeks, Ethereum ETFs have attracted $812 million, the biggest amount since the beginning of this year.

Investors are increasingly sceptical that new legislation on stablecoins will protect them from fraudsters. Despite stricter rules and regulations, Germany saw an 8% increase in reports of suspicious activity involving cryptocurrencies in 2024.

Dark clouds were gathering over Bitcoin, but the Strategy report catalysed a rebound. The company has been buying digital assets through the issuance of securities since 2020 and owns 582 thousand Bitcoins worth almost $64 billion, with an average purchase price of around $ 70 K. Strategy has many followers, fuelling demand for crypto and allowing it to grow. As a result, the correlation between BTCUSD and US stock indices began to recover. Both Bitcoin and the S&P 500 are risky assets. Therefore, the improvement in global risk appetite against the backdrop of the resumption of trade negotiations between the US and China supports the cryptocurrency rally. The record high of around $112K is within reach. Breaking this record will attract new buyers to the market and contribute to the continuation of the upward trend for Bitcoin. (FxPro)

News

Market Trends: The crypto market is showing signs of recovery after a volatile period. Bitcoin (BTC) is trading near $100,000 following a 3% pullback, while Ethereum (ETH) and XRP have seen declines of 8% and 5%, respectively, after Circle’s IPO on June 5. Institutional inflows and easing U.S. regulatory concerns are driving optimism, with the total market cap at $3.3 trillion despite tariff-related uncertainties.

Stablecoin Developments: Societe Generale became the first major bank to launch a dollar-pegged stablecoin, signaling mainstream financial adoption. Circle, issuer of USDC, saw its shares soar 168% post-IPO, boosting interest in stablecoins for remittances and e-commerce. However, regulators warn of potential market stability risks.

Bitcoin Outlook: Analysts are bullish on Bitcoin, with predictions suggesting a rally past its all-time high of $111,980 if it breaks $112,000 resistance. Arthur Hayes noted that the Bank of Japan’s June meeting could trigger a rally if quantitative easing resumes. Corporate treasuries and spot ETFs for Solana and XRP are also supporting bullish sentiment.

Regulatory Moves: The UK is lifting its ban on retail investors buying crypto exchange-traded notes (ETNs), aligning with U.S. regulatory approaches. In the U.S., the GENIUS Act for stablecoin regulation faces opposition from Senator Josh Hawley, who fears it favors Big Tech.

Security Concerns: A wave of “crypto kidnappings” targeting executives has raised alarms, with a notable case in France involving Paymium’s CEO. Coinbase reported a data breach exposing 70,000 customers’ personal information, increasing risks of extortion.

Other Highlights: Gemini, run by the Winklevoss twins, has filed for a U.S. IPO, capitalizing on market momentum. India’s RBI maintains its strict crypto stance despite Supreme Court pushback, while JPMorgan is expanding crypto services for ETF financing. (Grok)

News

Cryptocurrency Movies

Documentaries
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.

Markets, Business News, Biz Culture, Pop Culture awards

Australian Edition

June 10, 2025

ASX futures down 4 points/0.1% to 8555

Australian dollar +0.4% to 65.16 US cents

Wall Street:
S&P 500 +0.1%, Dow Jones flat, Nasdaq +0.3%

Europe: Stoxx 50 -0.2%, FTSE -0.1%, DAX -0.5%, CAC -0.2%

Bitcoin +2.4% to $US108,792

Spot gold +0.5% to $US3325.27 per ounce

US oil +1.3% to $US65.39 a barrel

Brent crude oil +1% to $US67.12 a barrel

Iron ore -0.9% to $US94.65 per tonne

10-year yield: US 4.47% Australia 4.26% Germany 2.56%

News

Australia

Power costs could doom Rio smelter

Located north of Newcastle in NSW, the Tomago aluminium smelter is the biggest producer of aluminium in Australia, along with being the largest user of electricity in the nation. It is majority owned by Rio Tinto, which is said to be seeking billion of dollars in support from the NSW and federal government to prevent it from collapsing because of high electricity prices. The discussions between Rio and the two governments are understood be focusing on the structure of the federal government's production tax credits and Tomago's electricity contract for 2026 to 2029. (Roy Morgan Summary)

News

High-price hydrogen bombshell

The federal government wants to develop a green hydrogen export industry, but the current high cost of producing green hydrogen represents a challenge to its goal. InterContinental Energy, which is the co-owner of two large green hydrogen projects in Western Australia, has stated initial costs for delivering green hydrogen from the two projects was estimated at ­between $8 and $11 a kilogram, but MST Marquee analyst Saul Kavonic states the cost of green hydrogen needs to be below $2 a kilogram for it to be competitive with other energy sources. (RMS)

Battery subsidies to spark power struggle

The federal government has set a target of sourcing 82 per cent of electricity from renewable sources by 2030, with its new household battery installations subsidy scheme aimed at helping it meet that target. The government will subsidise household battery installations by up to 30 per cent from 1 July, with Jon Briskin from Origin Energy noting that battery inquiries in May were up 400 per cent on the previous month. The scheme could also present a challenge for energy retailers, which have traditionally operated household batteries through what are known as virtual power plants. Critics of the VPP model contend that VPP participants are undercompensated and have little knowledge as to how and when their battery is being used, but retailers claim that participants are adequately rewarded. (RMS)

News

Advanced AI suffers 'complete accuracy collapse' in face of complex problems, study finds

Apple researchers have concluded in a paper released over the weekend that large reasoning models suffer 'complete accuracy collapse' when faced with complex problems, with LRMs being an advanced form of artificial intelligence. US academic Gary Marcus, who has become a noted voice of caution on the capabilities of AI systems, has described the Apple paper as "pretty devastating", while Andrew Rogoyski, of the Institute for People-Centred AI at the University of Surrey, said the paper shows the industry was "still feeling its way" on artificial general intelligence (AGI), with AGI being a theoretical stage of AI at which a system is able to "match a human at carrying out any intellectual task".

News

V'Landys backs Tabcorp's McLachlan

Racing NSW CEO Peter V'Landys says he supports Tabcorp's plans to change how its pays pubs to host its betting terminals, although the Australian Hotels Association is against what Tabcorp and CEO Gillon McLachlan is seeking to do. Tabcorp's plans would see thousands of pubs no longer get paid for hosting its terminals, while in return, it will commit to refurbishing hotel facilities, investing in promotions and waiving subscription fees to Sky Racing: Tabcorp's plans are set to take effect from 1 July

News

Stars to face big pay cuts in purge

The big salaries of some high-profile Australian television personalities are under scrutiny as networks seek to offset a downturn in advertising revenue. The Seven and Nine networks are believed to be planning to make significant 'efficiencies' across their national newsrooms in coming months. In some cases, popular TV personalities are being paid six-figure salaries despite rarely being seen on screen. A senior source at Nine has indicated that networks will no longer keep people on their books with nothing to do just so they will not be poached by a rival network. (Roy Morgan Summary)

News

Media

Failing Project officially gets axe

The Ten Network has confirmed that long-running current affairs panel show The Project will cease production amid a decline in its ratings. The last edition of the program will be broadcast on 27 June, nearly 16 years after it debuted as The 7pm Project in July 2009. Ten has advised that it will be replaced by an hour-long national news, current affairs and insights program in the 6pm timeslot; it will complement Ten's evening news bulletin at 5pm and compete with the news bulletins of Nine and Seven. The Project's current hosts Waleed Aly, Sarah Harris and Hamish Macdonald will leave Ten. (RMS)

News

Gen Z lead shift to ad-backed 'free' streamers

Tubi is a free ad-supported video-on-demand service, with international MD David Salmon saying that younger audiences are showing an increased preference for such services over paid subscription services. Salmon contends that Gen Z is increasingly favouring streaming platforms that "help them find their next fandom", and that Tubi has gone from 25 million to 97 million monthly users over the past five years. Owned by Fox Corporation, Tubi is currently available in Australia, the US, the UK, Canada, Mexico, New Zealand and Latin America. (RMS)

News

Mining

Rio ready to settle Mongolian lawsuit

Rio Tinto is understood to be ready to settle a lawsuit that has been led by Florida-based hedge fund Pentwater Capital Management and was launched in 2022 by investors in a company called Turquoise Hill. The lawsuit relates to allegations that Rio withheld information about cost blowouts and delays with its Oyu Tolgoi copper mine project in Mongolia; Rio gained control of the project and became its operator in 2012 by acquiring a 50.7 per cent stake in a company later renamed Turquoise Hill, with Rio acquiring the remainder of Turquoise Hill for $US3.1bn in December 2022. News that Rio is prepared to settle the lawsuit comes as it is looking to appoint a successor to Jakob Stausholm as its CEO. (RMS)

News

Rio Tinto's departing CEO rejects talk of rift with chair

It was announced on 22 May that Jakob Stausholm would be stepping down as CEO of Rio Tinto, with the fact that no successor was announced at the time prompting talk that the decision was rushed and was due to tensions between Stausholm and chairman Dominic Barton. However, speaking on Friday at the official opening of Rio's $2.4 billion Western Range iron ore joint venture with Chinese firm Baowu in the Pilbara region, Stausholm denied talk of any rift with Barton, while he said it was possible that his successor could come from within Rio's ranks. (RMS)

News

Fortescue pushes for tax credit overhaul

Fortescue intends to lobby the federal government to reform the diesel fuel tax rebate scheme that sees the mining sector claim back millions each year for diesel when it is used on their private roads. Fortescue contends the scheme serves as a disincentive for large mining companies to switch from using diesel in their truck fleets in the Pilbara region of Western Australia, with Fortescue CEO Dino Otranto claiming the scheme undermines the federal government's safeguard mechanism; it wants a $50 million cap placed on the amount that mining companies can claim back under the scheme. (Roy Morgan Summary)

News

Pop Culture News

Media Man

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

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

Roy Morgan Research wins Media Man 'News Services Company Of The Month'

WWE wins 'Wrestling Promotion Of The Month' award

UFC wins Media Man 'MMA Promotion Of The Month' award

Karrion Kross wins Media Man 'Wrestler Of The Month' award (Men's Division)

Stephanie Vaquer wins Media Man 'Wrestler Of The Month' award (Women's Division)

El Grande Americano wins Media Man 'Luchador Of The Month' award; Runner-ups: Dirty Dom and Vikingo

Porsche wins Media Man 'Auto Brand Of The Month' award

Google Pixel wins Media Man 'Tech Brand Of The Month' award

News

June 10, 2025

Media News

On the losing side of Wall Street was Warner Bros. Discovery, which flipped from a big early gain to a loss of 3 per cent after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products.

Markets and Cryptos

June 4, 2025

Markets:

ASX futures up 26 points/0.3% to 8510

Australian dollar -0.4 to 64.67 US cents

Wall Street:

S&P 500 +0.5%, Dow Jones +0.6%, Nasdaq +0.8%

Europe: Stoxx 50 +0.4%, FTSE +0.2%, DAX +0.7%, CAC +0.3%

Bitcoin +1% to $US105,809 (6.50am AEST)

Gold -0.8% to $US3353.64 per ounce

Oil +1.3% to $US63.34 a barrel

Brent Crude Oil +1.5% to $US65.58 a barrel

Iron ore -0.9% to $US94.40 per tonne (Singapore 62% grade)

10-year yield: US 4.46% Australia 4.25% Germany 2.52%

News

Cryptos Today: (Near Live)

Bitcoin $106,222.49 USD +1.68%

Ethereum $2,623.52 USD +3.29%

Tether $1.00 USD +0.05%

XRP $2.27 USD +4.49%

BNB $664.34 USD +0.35%

Markets and Cryptos

Markets:

May 29, 2025

ASX futures down 1 point/0.01% to 8416
AUD -0.3% at US64.25¢
Bitcoin -2.5% to $US107,232
Dow -0.5% S&P -0.3% NAS 0.2%
Gold -0.1% to $US3296.72 an ounce
Oil +0.7% at $US64.56 a barrel
Iron ore -0.2% at $US95.00 a ton

Cryptos:

Cryptos Today: (Near Live)

Bitcoin $107,432.57 USD -2.07%
Ethereum $2,639.78 USD -1.39%
Tether $1.00 USD +0.03%
XRP $2.26 USD -3.27%
BNB $688.30 USD -0.43%
Solana $171.06 USD -4.13%
USD Coin $1.00 USD +0.01%
Dogecoin $0.2192 USD
Cardano $0.7386 USD -3.52%
TRON $0.275 USD -0.73%
Wrapped Bitcoin $107,313.67 USD -2.02%
Sui $3.56 USD -3.87%
Chainlink $15.45 USD -3.62%
Avalanche $23.25 USD -1.55%

News

Bitcoin News

Market Performance: The cryptocurrency market has seen a 2.2% decrease in total market capitalization, now standing at $3.55 trillion, with trading volume at $116 billion. Bitcoin (BTC) has consolidated after hitting a record high of $111,814 last week, currently trading around $108,897. Solana ranks among the lowest funding rates, indicating market dynamics.

Bitcoin 2025 Conference: The Bitcoin 2025 conference in Las Vegas, starting May 27, has drawn attention with high-profile attendees. Vice President JD Vance spoke, emphasizing the Trump administration's pro-crypto stance, stating, "crypto finally has a champion" in the White House.

Corporate Adoption:

GameStop confirmed its first Bitcoin investment, acquiring 4,710 BTC.

Trump Media and Technology Group plans to raise $2.5 billion to invest in Bitcoin, with CEO Devin Nunes calling it an "apex instrument of financial freedom." This follows speculation about a $3 billion raise, which the company denied.

Regulatory Developments:

Republican Representative Bryan Steil, at the Bitcoin 2025 conference, urged lawmakers to avoid adding non-relevant clauses to two key crypto bills (Stablecoin and Market Structure legislation), which he believes could unlock a "golden age" for digital assets.

The U.S. Senate advanced the GENIUS Act, a stablecoin regulatory framework, boosting Bitcoin to a high of $109,730. However, concerns about conflicts of interest persist due to President Trump's involvement in crypto ventures like the $TRUMP memecoin and a family-backed stablecoin, USD1.

Ethical Concerns:

Trump’s $TRUMP memecoin has raised ethical issues, with 43% of top investors (95 of 220) losing a combined $8.95 million. Trump hosted a gala for top holders, sparking criticism over potential "pay-for-play" schemes.

Watchdog groups and some lawmakers have criticized Trump’s push to ease crypto oversight while his family’s ventures, including a $2 billion deal with Binance and an Abu Dhabi fund, raise conflict-of-interest concerns.

Crime and Security:
A crypto investor, John Woeltz, was charged in New York with kidnapping and torturing a man to extract Bitcoin passwords, highlighting rising crypto-related crimes.

Posts on X mention a wave of crypto-related kidnappings in France linked to rising prices.

Other Developments:
Circle, the issuer of the $61 billion USDC stablecoin, rejected a $4-5 billion acquisition offer from Ripple, filing for an IPO instead.

Pakistan allocated 2,000 megawatts to support Bitcoin mining and AI data centers, aiming to legalize crypto and attract investment.

The U.S. Department of Labor rescinded 2022 guidance on cryptocurrency in 401(k) plans, signaling a shift in policy.

Price Predictions:

ARK Invest’s Cathie Wood predicts Bitcoin could reach $2.4 million, implying a $50.4 trillion market cap, though some view this as ambitious.

Bitcoin’s rally is supported by institutional ownership and ETF inflows, with $40 billion in Bitcoin ETF inflows in May alone.

Note: Cryptocurrency prices are volatile, and regulatory developments can shift rapidly.

News

Bitcoin Movies

Money Electric: The Bitcoin Mystery (2024, HBO Documentary) - Directed by Cullen Hoback, this documentary investigates the origins of Bitcoin and the identity of its creator, Satoshi Nakamoto. It offers a thrilling, globe-spanning exploration with new clues about Bitcoin’s rise and its mysterious founder. Available on HBO and streaming on Max.

Bitcoin: The End of Money as We Know It (2015) - Directed by Torsten Hoffmann and Michael Watchulonis, this documentary provides a concise crash course on money and cryptocurrencies. It traces the history of money from barter to Bitcoin, highlighting its potential to disrupt traditional financial systems. Features experts like Andreas M. Antonopoulos and Jeffrey A. Tucker. Available on platforms like Prime Video. IMDb rating: 6.9/10.

The Rise and Rise of Bitcoin (2014) - Directed by Nicholas Mross, this documentary follows computer programmer Daniel Mross, an early Bitcoin enthusiast, exploring Bitcoin’s evolution and its volatile nature. It includes interviews with key figures like Gavin Andresen and Charlie Shrem. Great for beginners, available on iTunes and Prime Video.

Banking on Bitcoin (2016) - Directed by Christopher Cannucciari, this documentary dives into Bitcoin’s early days and its potential to disrupt traditional banking. It features interviews with blockchain experts and pioneers, emphasizing the philosophical and economic impact of decentralized currencies. Available on platforms like Prime Video.

Bitconned (2024, Netflix) - A true-crime documentary exploring the Centra Tech crypto scam, where three individuals exploited the unregulated crypto market to scam millions. It highlights the darker side of cryptocurrency. Available on Netflix. IMDb rating: 6.5/10.

Crypto (2019) - A fictional crime thriller directed by John Stalberg Jr., starring Beau Knapp, Alexis Bledel, and Kurt Russell. It follows an anti-money laundering agent uncovering a cryptocurrency-related scheme in a small town. Mixed reviews, with a "rotten" rating on Rotten Tomatoes but praised for its convoluted plot. Available on platforms like Prime Video.

Trust Machine: The Story of Blockchain (2018) - Directed by Alex Winter, this documentary explores blockchain technology’s broader impact beyond cryptocurrency, addressing privacy, security, and societal implications. Available on various streaming platforms.

Cryptopia: Bitcoin, Blockchains and the Future of the Internet (2020) - Directed by Torsten Hoffmann, this follow-up to his 2015 film examines the evolution of blockchain and its societal impact, featuring interviews with experts in finance and technology. Available on platforms like Prime Video.

Life on Bitcoin (2014) - A documentary following newlyweds Austin and Beccy Craig as they attempt to live for 100 days using only Bitcoin, showcasing its practical challenges and adoption in its early days.

Bitcoin Heist (2016) - A Vietnamese action-comedy directed by Ham Tran, this fictional film follows a group of hackers attempting a high-stakes Bitcoin heist. It blends humor, action, and tech-savvy thrills.

These films span documentaries and fictional narratives, offering educational insights, thrilling stories, and perspectives on Bitcoin’s cultural and economic impact. For the latest releases, check streaming platforms like Netflix, HBO Max, or Prime Video, as the crypto space evolves rapidly, and new films may emerge.

News

Pop Culture News

Sharemarket Movies

The Wolf of Wall Street (2013) - Directed by Martin Scorsese, this film depicts the rise and fall of Jordan Belfort, a stockbroker involved in fraudulent schemes. It remains a cultural touchstone for depicting the excesses of Wall Street.

The Big Short (2015) - Directed by Adam McKay, this movie explains the 2008 financial crisis through the lens of investors who bet against the housing market. It’s lauded for making complex financial concepts accessible.

Wall Street (1987) - Oliver Stone’s classic follows Gordon Gekko, a ruthless corporate raider, and his influence on a young stockbroker. Its iconic "greed is good" line still resonates.

Margin Call (2011) - A fictional take on the 2008 financial crisis, focusing on a 24-hour period at an investment bank. It’s praised for its tense portrayal of financial decision-making.

Too Big to Fail (2011) - An HBO film about the 2008 financial crisis, focusing on key players like Treasury Secretary Hank Paulson and the collapse of Lehman Brothers.

These films are often recommended for their dramatic portrayals of financial markets and their impact on society. A 2017 post on X also highlighted Gafla (about the Harshad Mehta scam), Too Big to Fail, and Margin Call as must-watch stock market movies, showing ongoing interest in this genre.

News

Recent News Related to Movies and Markets

While there’s no direct news about new share market-themed movies in the provided sources, several recent developments in the movie industry intersect with market dynamics:

Impact of Trump’s Proposed 100% Tariff on Foreign Films:

On May 5, 2025, U.S. President Donald Trump announced a 100% tariff on movies produced outside the U.S., citing the decline of Hollywood due to foreign incentives luring filmmakers. This led to a drop in media stocks, including Netflix (down significantly due to its 75% international content production), Disney, Warner Bros. Discovery, and Paramount. The tariffs aim to boost U.S. film production but have sparked concerns about higher costs, fewer films, and potential retaliatory measures from foreign governments. Industry experts are skeptical about implementation, as movies are intellectual property, not typical goods subject to tariffs.

Actor Jon Voight supported the tariff, framing "runaway production" (filming abroad for tax benefits) as a threat to U.S. jobs, while SAG-AFTRA endorsed efforts to increase domestic production. However, California Governor Gavin Newsom’s office stated Trump lacks authority to impose such tariffs.

This could indirectly affect share market-themed movies, as many are produced internationally (e.g., Mission: Impossible – The Final Reckoning filmed in the UK). Higher costs might limit budgets for complex financial dramas.

Box Office Performance of Recent Films:

Recent box office successes like Final Destination Bloodlines ($51.7M opening weekend) and A Minecraft Movie (nearing $1B globally) show strong audience demand for genre films, which could encourage studios to greenlight more niche projects like financial dramas if they see market potential.

However, Hurry Up Tomorrow flopped ($3.3M opening), indicating that audience taste is selective, which might make studios cautious about risky share market stories without broad appeal.

Market Trends and Film Industry:

The Australian share market rose recently due to expectations of Reserve Bank of Australia interest rate cuts, boosting sectors like technology and finance. This positive sentiment could indirectly support investment in entertainment, including films about financial markets.

In India, PVR INOX reported optimism about increased cinema footfall by May 2025, driven by a strong Hollywood and Bollywood lineup, which could include financial thrillers if they gain traction.

Google’s entry into film production with Range Media Partners aims to back movies that align with its worldview, potentially opening avenues for tech-finance crossover stories.

Critical Perspective

The lack of recent news about new share market-themed movies suggests the genre isn’t currently a priority for studios, possibly due to its niche appeal compared to blockbusters like superhero or horror films. Trump’s tariff proposal introduces uncertainty, as it could raise costs for international productions, potentially stifling creative projects. However, the tariff’s feasibility is questionable—movies as intellectual property don’t fit neatly into tariff frameworks, and global production is deeply integrated (e.g., visual effects in Canada, filming in the UK). If implemented, it might paradoxically hurt Hollywood by limiting access to cost-effective locations, reducing the likelihood of high-budget financial epics. Meanwhile, positive market sentiment in places like Australia could support cinema attendance, creating opportunities for niche genres if studios take the risk.

News

Pop Culture

Landman: TV Series

Landman is a TV drama series created by Taylor Sheridan and Christian Wallace, inspired by the 2019 Texas Monthly article “The Great American Fracking Boom” by Wallace. It premiered on Paramount+ on November 17, 2024, and is set in the oilfields of West Texas, exploring the modern-day oil boom through the lens of roughnecks, landmen, and billionaires. The show blends high-stakes drama, workplace dynamics, and socio-economic commentary, reflecting Sheridan’s signature gritty storytelling seen in Yellowstone and Mayor of Kingstown.

Key Details:

Genre: Drama

Seasons: 1 (10 episodes, renewed for Season 2)

Episode Runtime: Approximately 40–60 minutes

Rating: TV-MA (mature audiences, contains strong language, violence, and adult themes)

Cast: Billy Bob Thornton as Tommy Norris, a seasoned landman navigating crises for an oil company

Demi Moore as Cami Miller, Tommy’s ex-wife and a key figure in the oil industry

Ali Larter as Angela Norris, Tommy’s ex-wife

Jon Hamm as Monty Miller, a powerful oil titan and Cami’s husband

Supporting cast: Jacob Lofland (Cooper Norris), Kayla Wallace (Rebecca Savage), James Jordan (Dale Bradley), Mark Collie (Sheriff Joeberg), and others

Creators: Taylor Sheridan, Christian Wallace

Executive Producers: Taylor Sheridan, David C. Glasser, David Hutkin, Ron Burkle, Bob Yari, Christian Wallace, Billy Bob Thornton, and others

Production Companies: MTV Entertainment Studios, 101 Studios, Bosque Ranch Productions

Filming Locations: Fort Worth, Weatherford, and other Texas locations

Plot Summary:

Set in the fictional town of Midland, Texas, Landman follows Tommy Norris (Billy Bob Thornton), a crisis manager and landman for an oil company. His job involves securing land leases, negotiating with landowners, and managing chaotic oilfield operations while balancing personal struggles, including a strained relationship with his son, Cooper (Jacob Lofland), who joins the roughneck crew. The series dives into the high-stakes world of oil speculation, exploring themes of greed, family, ambition, and the environmental and social impacts of the oil industry. It portrays the gritty lives of roughnecks and the opulent world of oil tycoons, with Tommy caught between both.

Streaming and Availability:

Primary Platform: Paramount+ (exclusive streaming in the US, UK, Canada, Australia, and other regions) Premiere: November 17, 2024 (US), November 18, 2024 (UK, Australia)

Release Schedule: First two episodes dropped on premiere, followed by weekly releases (finale on January 12, 2025)

Subscription: Starts at $7.99/month (US, Essential with ads), £6.99/month (UK), CA$6.99/month (Canada), $6.99/month (Australia). Offers a 7-day free trial.

Other Platforms:
Purchase options: Apple TV, Prime Video, Fandango At Home, Sky Store (UK), Fetch TV (Australia) Available via Paramount+ integrations (e.g., Amazon Channel, Roku, Apple TV Channel)

International Access: Use a VPN (e.g., NordVPN) to access Paramount+ from unsupported regions.

Free Options: No free streaming options; use Paramount+’s 7-day trial for temporary access.

Reception:

Critical Response: Mixed to positive reviews. Critics praise Thornton’s charismatic performance and Sheridan’s authentic depiction of the oil industry but note the show’s dense jargon and sprawling narrative can feel overwhelming. It holds a 79% approval rating on Rotten Tomatoes (as of April 2025) based on critic reviews, with an average audience score of 85%.

Viewership: Strong streaming numbers on Paramount+, reportedly among the platform’s top-performing originals in 2024, contributing to the Season 2 renewal.

Notable Praise: Thornton’s nuanced portrayal and the show’s cinematic visuals are highlights, though some find the pacing uneven compared to Sheridan’s other works.

Season 2 and Future:

Renewal: Paramount+ renewed Landman for Season 2 in December 2024, with production slated to begin in early 2025.

Expected Release: Likely late 2025 or early 2026, based on typical production timelines.

Story Direction: While specifics are under wraps, Season 2 is expected to deepen Tommy’s personal and professional conflicts, potentially exploring new oilfield challenges and character arcs for Cooper and Cami.

Where to Watch (as of April 24, 2025):

Paramount+: Full Season 1 available (all 10 episodes). Best option for streaming.

Purchase: Apple TV, Prime Video, Fandango At Home for digital ownership.

Not Available: Netflix, Hulu, Disney+, or Hotstar.

Additional Notes:

Content Warning: Contains explicit language, violence, and mature themes (e.g., drug use, workplace accidents), unsuitable for younger viewers.

Cultural Impact: The series has sparked discussions on X about the oil industry’s environmental and economic effects, with some praising its realism and others critiquing its portrayal of industry ethics.

Merchandise/Related Media: No official merchandise yet, but the original Texas Monthly article is available online for deeper context. (Grok)

News

Gold: Movie

Gold (2016) is a crime drama inspired by the 1990s Bre-X mining scandal. Matthew McConaughey stars as Kenny Wells, a prospector who partners with geologist Michael Acosta (Édgar Ramírez) to find gold in Indonesia. After striking it rich, their success unravels amid fraud and betrayal. Directed by Stephen Gaghan, the film explores greed and ambition but received mixed reviews for its uneven tone and pacing. It grossed $14.8 million against a $20 million budget. Available on platforms like Hulu or Amazon Prime (check current listings). (Grok)

News/Profile

Gold (1974)

Gold (1974) is a British thriller directed by Peter R. Hunt, based on Wilbur Smith's novel Gold Mine. Set in South Africa, it follows Rod Slater (Roger Moore), a mining engineer, who uncovers a conspiracy to flood a gold mine to manipulate global gold prices. The plot involves corporate greed, sabotage, and high-stakes action, with Slater racing to stop the scheme.

Cast: Roger Moore, Susannah York, Ray Milland, Bradford Dillman.

Key Details: 120 min, rated PG, released August 1974 (UK). Filmed on location in Johannesburg, featuring intense mining scenes.

Reception: Mixed reviews; praised for action and Moore’s charisma, criticized for pacing and dated elements. IMDb rating: 5.7/10.

Availability: Limited streaming; available for rent/purchase on platforms like Amazon or on DVD. (Grok)

News

Best Quotes Of The Day

"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

Cryptocurrency and Currency News

June 25/26, 2025

Cryptos: (Near Live)

Bitcoin $107,912.10 USD -1.68%
Ether $2,529.63 USD -1.62%
Tether $1.00 USD -0.38%
XRP $2.31 USD - 2.44%
BNB $669.28 USD -1.47%
Solana $172.56 USD -3.48%
USD Coin $1.00 USD -0.42%
Dogecoin $0.2202 USD -4.07%
Cardano $0.7479 USD -1.38%

News

Bitcoin has been making headlines in May 2025, with its price surging to new all-time highs, driven by institutional adoption, regulatory developments, and market momentum. Here's a concise overview of the latest Bitcoin news based on recent reports:

Price Surge and All-Time Highs: Bitcoin reached a record high near $112,000 on May 22, 2025, surpassing its previous peak from January 20, 2025, around the time of President Donald Trump’s inauguration. The cryptocurrency has climbed over 15% in May alone, with analysts attributing the rally to strong institutional demand and corporate buying. Some predict Bitcoin could hit $135,000 to $320,000 by year-end, with options traders eyeing even loftier targets like $300,000 by June 27.

Institutional and ETF Inflows: U.S. spot Bitcoin exchange-traded funds (ETFs) have seen significant inflows, with $3.6 billion in net inflows in May and total assets exceeding $122 billion. Public companies have increased their Bitcoin holdings by 31% since the start of 2025, now totaling about $349 billion, or 15% of the total Bitcoin supply.

Regulatory Tailwinds: Positive regulatory shifts, including the U.S. Senate advancing a bill to regulate stablecoins, have bolstered market sentiment. Support from the Trump administration and comments from JPMorgan CEO Jamie Dimon, a former Bitcoin skeptic, about allowing clients to buy Bitcoin signal growing mainstream acceptance.

Market Dynamics and Predictions: Analysts note this rally differs from past ones, driven more by institutional ownership than retail speculation. Bitcoin’s market cap hit $2.17 trillion, with a realized cap of $911.5 billion. Some experts forecast a potential correction due to high-leverage zones, but others see sustained growth, with targets like $150,000 by August 2025.

Global Developments: Posts on X highlight international interest, with Dubai accepting Bitcoin payments, Missouri removing Bitcoin capital gains tax, and Pakistan allocating 2,000 megawatts for Bitcoin mining and AI data centers. These moves suggest growing global adoption.

Market Sentiment: Polymarket betting data indicates a 38% likelihood of Bitcoin reaching around $110,000 by the end of May, aligning with current trends. However, some traders anticipate volatility due to macro uncertainties like tariffs and geopolitical tensions.

While the bullish momentum is strong, analysts warn of potential short-term pullbacks due to liquidations or negative regulatory news. Always approach Bitcoin investments with caution, as the market remains volatile. (Grok)

News

Bitcoin Quotes

“Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme.” – Naval Ravikant, former CEO of AngelList

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.“ – Tyler Winklevoss, co-CEO of Gemini

"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, Founder of McAfee Associates

“There are 3 eras of currency: Commodity based, politically based, and now, math-based.“ – Chris Dixon, Venture Capitalist at Andreesen Horowitz

“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it because it is their use that gives the “money” value.“ - Adam B. Levine, CEO of Tokenly

“Trading Bitcoin is like trading Apple, Amazon, Google, or Facebook a decade ago. The more you obsess over timing the market, the more mistakes you make. They were all technology networks that were dominant & destined to grow.” - Michael Saylor, Former CEO of MicroStrategy

"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly." - Vitalik Buterin, Co-Founder of Ethereum

"The Latin American countries where you have this combination of inflation or hyperinflation cycles – deflation as well – and then you have very high friction for financial transactions, a high percentage of people who are unbanked, cryptocurrencies make total sense." – Fred Thiel, CEO of Thiel Advisors & Marathon Digital Holdings

“…we know gold is a $12 trillion asset, bitcoin’s about a 10th of gold. Could they be half of gold? At one point, Sure, it could … And at some point, it will be larger than gold… that money is finding its way to Gen Z and Millennials, and they feel much more comfortable with digital gold than old clunky gold.” - Mike Novogratz, CEO of Galaxy Digital

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Satoshi Nakomoto, Founder of Bitcoin

News

Divorced couples using crypto to hide cash in divorces KordaMentha warns

KordaMentha partner Brendan Read claims that couples are increasingly making use of cryptocurrencies to hide assets during divorce proceedings, and that most lawyers do not have the skills to detect hidden crypto assets. Research from Roy Morgan has found that over one million Australians hold cryptocurrencies, with people over the age of 50 having the largest holdings, with average holdings of $56,200. Roy Morgan also found that the average investment in crypto by men is $23,400, almost twice the average for women, which is $12,800. (Roy Morgan Summary)

News

Markets: Australia

What now for ailing resource giants?

Australia's benchmark S&P ASX/200 has gained 10 per cent since the start of 2024, while the S&P 500 in the US has risen by 22 per cent. Wall Steet's rise has been driven to some extent by the rally in technology stocks. However, there has not been an equivalent rally in Australia's market-dominant resources sector. Indeed, shares in Australian-listed minerals and energy companies have fallen by between 14 per cent and 47 per cent. A number of factors have weighed on the sector, such as lower commodity prices and falling demand, the outlook for the global economy and the Trump administration's tariffs regime. (RMS)

News

Bitcoin Movies: News

Unbanked: A new Bitcoin documentary titled Unbanked has generated buzz, with its trailer released recently. Posts on X praise the work of filmmakers Lauren Sieckmann and David Kuhn, indicating strong anticipation for its release.

Bitcoin FilmFest: The second day of the Bitcoin FilmFest is currently live, featuring discussions and films focused on Bitcoin’s impact and future, as shared on X.

Crypto Man: A South Korean crypto-themed film, Crypto Man, based on true events, is set for a January 2025 theatrical release. It was in post-production as of December 2024.

Satoshi Nakamoto Film: A feature film about Bitcoin’s enigmatic founder, Satoshi Nakamoto, directed by Sophia Banks, is in development. It’s based on Andrew O’Hagan’s article “The Satoshi Affair” and explores the mystery of Nakamoto’s identity.

Money Electric: The Bitcoin Mystery: This HBO documentary, released October 2024, investigates Satoshi Nakamoto’s identity, sparking debate by suggesting Bitcoin developer Peter Todd as a candidate, though Todd denied it. Critics, including economist Peter Schiff, expressed frustration over the film’s speculative narrative.

God Bless Bitcoin: A documentary exploring Bitcoin as an alternative to fiat currency, co-directed by Brian and Kelly Estes, was released globally for free on July 25, 2024, with a premiere at the Bitcoin Conference in Nashville.

Biggest Heist Ever: Netflix’s documentary, released December 2024, covers the 2016 Bitfinex heist by Ilya Lichtenstein and Heather Morgan, dubbed “Bitcoin’s Bonnie and Clyde,” who laundered $4.5 billion in stolen Bitcoin.

Cold Wallet: A thriller about cryptocurrency fraud, released March 2025, has been praised for its suspenseful narrative and ironic finale, presented by Steven Soderbergh.

Ross Ulbricht Documentary: Filmmakers Jonah Tulis and Blake J. Harris are nearing completion of a documentary featuring over 60 hours of interviews with Ross Ulbricht, the pardoned Silk Road founder, focusing on his role in popularizing Bitcoin.

These projects reflect growing interest in Bitcoin’s cultural and financial impact, with narratives ranging from investigative mysteries to real-world crypto crimes. (Grok)

News

Best Quotes Of The Day

Gold

"Gold is the money of kings." - Anonymous

"Gold is the universal language understood by all nations." - George Herbert

"Gold gives to the ugliest thing a certain charming air, for that without it were else a miserable affair." - Moliere

"The desire for gold is the most universal and deeply rooted commercial instinct of the human race." - Gerald M.

"Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold." - Leo Tolstoy

About Gold and Money:

"Money is gold, and nothing else." - Bullion by Post

"Because gold is honest money, it is disliked by dishonest men." - Bullion by Post

"I like gold because it is a stabilizer; it is an insurance policy." - Bullion by Post

"We have gold because we cannot trust government." - Bullion by Post

"Never trust money more than gold." - Bullion by Post

"Although gold and silver are not by nature money, money is by nature gold and silver." - Bullion by Post

News

Bitcoin Gaming: News

Bitcoin gaming is seeing significant developments in 2025, with innovations in blockchain integration, gamified education, and crypto casino advancements. Here’s a concise overview of recent news based on available information:

Crypto Casinos Surge: Platforms like JACKBIT and MyStake are leading the Bitcoin casino space, offering over 6,000 games, including slots, live dealers, and blockchain-powered titles. JACKBIT supports 19 cryptocurrencies, processes payouts in minutes, and features promotions like 3+1 FreeBet and Drops & Wins with a $2,000,000 prize pool. MyStake is noted for its speed, averaging under 15 minutes for withdrawals. Other platforms like BitStarz, BC GAME, and Trustdice are also recognized for no-deposit bonuses and instant withdrawals, reshaping online gaming with secure, crypto-optimized experiences.

Jippi’s AR Bitcoin Game: Launched at Bitcoin Conference 2025 (May 27-29, Las Vegas), Jippi’s mobile augmented reality game, similar to Pokémon GO, gamifies Bitcoin education. Players hunt “Bitcoin Beasts,” answer trivia, and earn sats (Bitcoin’s smallest unit). Partnering with six Bitcoin companies, it aims to onboard young adults to cryptocurrency through engaging gameplay.

Web3 Gaming Momentum: Blockchain gaming is evolving, with a focus on user retention and interoperability. Despite a dip in April 2025 to 4.8 million daily active wallets, platforms like Avalanche are advancing with titles like Off the Grid, offering players true asset ownership. SUI’s rumored Pokémon integration boosted its token by 60%, while Ultra and Illuvium are gaining traction for AAA-quality Web3 games.

Crime Concerns: A $263 million crypto theft ring, involving 4,100 Bitcoin stolen in August 2024, was linked to a group that met through online gaming. The U.S. DOJ charged 12 individuals with wire fraud and money laundering, highlighting risks in gaming-related crypto schemes.

Play-to-Earn and NFT Integration: Ubisoft and Sega are experimenting with NFTs and play-to-earn mechanics in games like KAI: Battle of Three Kingdoms. Gala Games partnered with Binance Smart Chain for new titles, signaling mainstream adoption of crypto gaming models.

While speculative hype in blockchain gaming has cooled, infrastructure and game quality are improving, driving long-term growth. However, declining user activity and risks like scams suggest caution. (Grok)

News

Markets

May 26, 2025

ASX futures are pointing down 30 points/ 0.4 per% to 8350

AUD +0.0% to US64.89¢

Bitcoin -0.9% to $US107,862
Wall St:
Dow -0.6%
S&P -0.7%
Nasdaq -1%
VIX +2 to 22.29
Gold +1.9% to $US3357.51 an ounce
Brent oil +0.5% to $US64.78 a barrel
Iron ore -1% to $US98.05 a ton
10-year yield: US 4.51% Australia 4.42%

Markets

April 15, 2025

ASX futures up 31 points/0.4% to 7805

AUD +0.7% to US63.32¢

Bitcoin +0.3% to $US84,895

Wall Street:

Dow+1%
S&P +0.9%
Nasdaq +0.9%
VIX -5.94 to 31.62
Gold -0.9% to $US3209.82 an ounce
Oil -0.3% to $US64.58 a barrel
Iron ore +0.8% to $US97.90 a ton
10-year yield: US 4.36% Australia 4.40%

Cryptos Today:

Pi Network. $0.7407. -1.07%
XRP. $2.14. -1.38%
Bitcoin. $84,578.00. -0.22%
Dogecoin. $0.1605. -3.55%
Shiba. $0.000012. -1.06%
Pi Network [IOU... pi. $0.7411. -1.01%
MEMES. $0.000100. +0.06%
Solana. $129.78. -1.17%

Markets

April 12, 2025

ASX futures up 23 points/ 0.3% to 7683

AUD +1% to US62.86¢

Bitcoin +5.2% to $US83,813

Wall St:

Dow +1.6%
S&P +1.8%
Nasdaq +2.1%
VIX -3.08 to 37.64
Gold +1.9% to $US3235.90 an ounce
Brent oil +2.2% to $US64.72 a barrel
Iron ore +0.1% to $US97.20 a tonne
10-year yield: US 4.48% Australia 4.39%

Cryptos Today:

BTC. $83,838.53. 5.57%
ETH. $1,570.31. 3.55.
USDT. $0.9996. 0.02%
XRP. $2.0561. 4.70%
BNB. $589.40. 2.45%
SOL. $120.77. 8.53%
USDC. $0.9999. 0.00%
DOGE. $0.1606. 4.79%

Cryptocurrency, Fintech, Biz, Metals, Comms and News

Cryptos Today:

BTC-USD. 85279.47. ( +2.25% )
AAPL. 198.15. ( +4.06% )
XRP-USD. 2.16. ( +6.66% )
ETH-USD. 1643.50. ( +4.87% )
SOL-USD. 132.26. ( +8.83% )

News

Crypto and gold are both alternative assets, but they differ significantly:

Crypto (e.g., Bitcoin, Ethereum):
Pros: Decentralized, high growth potential (Bitcoin up ~100% in past year as of Apr 2025), borderless transactions, tech-driven (blockchain). Some coins like Bitcoin have capped supply, mimicking scarcity.

Cons: Volatile (prices can swing 10-20% daily), regulatory uncertainty, energy-intensive (Bitcoin mining uses ~150 TWh annually), no physical backing, vulnerable to hacks/theft.

Use case: Speculative investment, digital payments, store of value for some.

Gold:
Pros: Stable (less volatility, ~10-15% annual return long-term), tangible, universal acceptance, inflation hedge (retains value over centuries), no counterparty risk.

Cons: Low growth (underperforms stocks/crypto in bull markets), storage costs, no yield (doesn’t generate income), less liquid for small transactions.

Use case: Safe-haven asset, portfolio diversification, jewelry/industrial demand.

Data point: As of Apr 2025, Bitcoin’s market cap ($1.5T) is ~10% of gold’s ($15T). Gold’s price is ~$2,600/oz, up 30% in 2 years; Bitcoin’s ~$75,000, up 150% in same period.

Verdict: Crypto offers higher reward/risk, suits tech-savvy speculators. Gold’s for stability, long-term wealth preservation. Mix depends on risk tolerance—younger investors lean crypto, conservatives prefer gold. (Grok)

News

China Raises Tariffs on U.S. Goods to 125% Amid Trade War

China has announced an increase in tariffs on all U.S. imports from 84% to 125%, effective April 12. This move is seen as a retaliation to the United States' earlier imposition of a 145% tariff on Chinese goods. The escalation marks a significant development in the ongoing trade war between the two nations, with potential implications for global trade dynamics and economic relations. (Grok)

News

ChatGPT Enhances Memory with 'Moonshine' Feature

OpenAI has introduced an update to ChatGPT that enhances its memory capabilities, allowing the AI to reference all past conversations to provide more personalized responses. This feature, known as 'Moonshine', is rolling out to Plus and Pro users globally, except in the EEA, UK, Switzerland, Norway, Iceland, and Liechtenstein. Team, Enterprise, and Edu users will gain access in the coming weeks. Users have the option to opt out of this feature at any time through the settings, maintaining control over their data and privacy. (Grok)

News

Crypto helped by dollar weakness

April 11, 2025

Market Picture

Crypto market capitalisation remained at $2.59 trillion on Friday morning, in line with the previous day's values, despite a dip to $2.50 trillion overnight and a subsequent recovery on Friday morning. This contrasts with the slide in stock indices because a falling dollar supports cryptocurrencies. Like a rising tide, the dollar's decline is lifting other assets.

Sentiment in the crypto market has returned to the extreme fear zone, sending the index to the 25 level.
Bitcoin has been rising since early Friday, climbing above $81.4K, after closing just below $80K on Thursday. However, the first cryptocurrency has yet to confirm a growth reversal. The key area along the way is the $85K level, where the 50-day moving average passes. Its overcoming will be an important confirmation of the bullish sentiment, while fluctuations below it will remain market noise.

XRP and Tron found support this week on the decline to the 200-day moving averages. This small but encouraging signal suggests that market participants are still adhering to a ‘buy on dips’ strategy, believing in the continuation of the bullish trend.

News Background

• A combination of on-chain metrics and technical indicators point to the need for Bitcoin to return above $93K to regain upward momentum, Glassnode noted. The correction has intensified selling by medium-term holdings, but their activity is slowing.

• New Bitcoin sell-offs are possible in the coming weeks, but the bear market is likely to start in September, according to ‘il Capo of Crypto’. The analyst attributes this to the expected process of ‘global economic reset’, which may be accompanied by a major crisis - the first in BTC history.

• The US Senate has approved the nomination of Paul Atkins to the post of SEC chairman. He is expected to focus on developing permanent standards for the regulation of digital assets.

• The SEC authorised the listing and trading of options on spot Ethereum-ETFs from BlackRock, Bitwise and Grayscale. In September, the regulator already gave a similar authorisation for derivatives based on BTC-ETFs.

News

Top 10 Memecoins This Week

Here's a list of the top 10 memecoins trending this week, based on market performance, community engagement, and recent price action as of April 13, 2025. Note that memecoin rankings can shift rapidly due to volatility and hype, so always do your own research before investing:

Dogecoin (DOGE)
Still the king of memecoins, holding strong with a massive community and consistent market cap dominance. Recent price stability keeps it at the top.
Market Cap: ~$1.65T

Shiba Inu (SHIB)
A long-time favorite, SHIB has seen renewed interest with ecosystem updates like Shiba Name Service. Its 300% weekly rally earlier this year lingers in investor memory.
Market Cap: ~$15B

Pepe (PEPE)
The frog meme coin continues to thrive, driven by viral social media buzz and a loyal community. It’s a top pick for speculative traders.
Market Cap: High-ranking, exact figures fluctuate

Official Trump (TRUMP)
Launched in January 2025, this Solana-based coin tied to Donald Trump has exploded due to political hype and exchange listings.
Market Cap: ~$38B

Bonk (BONK)
Solana’s dog-themed memecoin remains a community darling, with integrations across DeFi and NFTs boosting its appeal. Up 2.01% this week.
Market Cap: ~$2.3B

Floki Inu (FLOKI)
Evolving from a meme to a Web3 project with NFT and DeFi utility, Floki stays relevant with strong marketing and Elon Musk ties.
Market Cap: Growing steadily

dogwifhat (WIF)
A Solana-based memecoin with quirky branding, WIF rides the wave of dog-themed coin popularity and DEX trading volume.
Market Cap: Competitive in top 10

Fartcoin (FARTCOIN)
A humorous Solana coin gaining traction for its absurd branding. Up 35% recently, showing the power of meme-driven pumps.
Market Cap: ~$475M at $0.4755

SPX6900 (SPX)
Ethereum-based coin with a “flip the stock market” slogan. Its 8000% surge late last year keeps it in the spotlight.
Market Cap: ~$860M

Pudgy Penguins (PENG)

A newer entrant leveraging NFT community hype, PENG combines cute branding with growing exchange availability.

Market Cap: Rising fast
Notes:

Rankings are based on recent data and sentiment from sources like CoinGecko, CoinMarketCap, and X posts, but exact positions vary by source. Memecoins are highly speculative, and prices can crash as fast as they pump.

I avoided obscure coins like $FRADWARD or $RETARDIA mentioned on X, as they lack verified traction and could be pump-and-dump schemes.

Always check real-time data on exchanges like Binance, Coinbase, or DEXs like PancakeSwap, as memecoin volatility is extreme.

News

Dogecoin wins Media Meme 'Memecoin Of The Month' award

News Flashback

AFP Press Release

March 20, 2025

Australian victims warned over rising cryptocurrency exchange impersonation scams

This is a joint media release between the Australian Federal Police, National Anti-Scam Centre, and Binance Australia

Editor's note: Scam text example image available via Hightail.

Authorities have hit send on a text and email blitz to warn Australian cryptocurrency customers about scammers impersonating a high-profile exchange.

The National Anti-Scam Centre (NASC), in partnership with the AFP-led Joint Policing Cybercrime Coordination Centre (JPC3), has today (20 March, 2025) reached out to more than 130 potential victims alerting them to the impersonation scam targeting the Binance cryptocurrency exchange.

They were identified through messages found on an end-to-end encryption platform.

In scams similar to what is seen in traditional finance, targets were allegedly contacted via SMS and encrypted messaging platforms by someone claiming to be a Binance representative who said their cryptocurrency accounts had been breached.

The messages allegedly contained fake verification codes and were often 'spoofed', meaning they appeared in a legitimate existing message thread from the well-known cryptocurrency exchange.

A support phone number was also sent, but when the targets called it, they were instructed to protect their accounts by transferring their cryptocurrency to a 'trust wallet', which was controlled by the scammer and allowed the assets to be stolen.

Under Operation Firestorm, a global operation launched in 2024 to address and disrupt offshore organised crime networks deceiving Australians through romance, cryptocurrency and investment scams, the JPC3 identified more than 130 Australian-based victims targeted by the crypto scam through collaboration with foreign law enforcement partners.

AFP Commander Cybercrime Operations Graeme Marshall said once the funds were transferred to an account controlled by scammers, they were generally quickly transferred through a network of wallets and money laundering accounts making seizure or recovery difficult.

"The AFP has worked closely with our partners at the NASC to ensure any victims in Australia targeted by these scammers were identified swiftly and given advice to help protect their cryptocurrency accounts," Commander Marshall said.

"Anyone who received an SMS or email warning from the NASC must take it very seriously.

"If you have already transferred your cryptocurrency to a so-called trust wallet, report it to your bank or digital currency exchange immediately, then to police via ReportCyber quoting the reference number AFP-068."

Australian Competition & Consumer Commission Deputy Chair Catriona Lowe said impersonation scams had become common, and it was vital that people verified all communications they received, even where they appeared to come from trusted organisations.

"Impersonation scams rely on people trusting that the text, email or phone call they get is legitimate and scammers go to significant lengths to create the appearance of legitimacy," Ms Lowe said.

"We urge all Australians to contact an organisation directly using official contact details from their website or app to verify any communication they receive."

Binance Chief Security Officer Jimmy Su said protecting their users was Binance's top priority, and education was key in the fight against scams.

"Scammers often impersonate trusted platforms — like Binance and others — by exploiting certain telecom loopholes to manipulate sender names and sender phone numbers to create urgency," Mr Su said.

"To stay safe, always verify communications using Binance Verify — our tool to confirm official Binance channels. Never share sensitive information like your seed phrase or transfer funds under pressure. If in doubt, stop and verify through official sources.

"Binance remains committed to working with law enforcement and the community to combat fraud and enhance user security."

Impersonation scams

An impersonation scam occurs when scammers pretend to be trusted businesses, government agencies, law enforcement, or even friends and family to steal money or personal information.

Warning signs

Unsolicited contact from someone claiming to be from Binance, a well-known cryptocurrency exchange, about an 'account breach'.

Pressure to act quickly due to suspicious activity or security concerns.

Being asked to provide sensitive information, such as your seed phrase or account balance.

Unusual requests to transfer money or make payments to a different account under the guise of securing your funds.

Insisting on secrecy and not discussing the matter with family or friends, claiming the situation is sensitive.

Protect yourself

If you receive a call, email or text claiming to be your Digital Currency Exchange (DCE) provider, use the official contact details on your provider's website to confirm the legitimacy of the request.

Don't click on any links or download attachments from unsolicited messages.

Be extremely wary of urgent requests asking you to act immediately.

Keep your devices secure by ensuring your software is always up to date.

Never provide your personal information, particularly your seed phrase.

What to do if you're a victim

Report it to police quoting the reference number AFP-068.

Report it to Scamwatch to help others avoid similar scams.

Stop all communication with the scammer.

Notify your DCE provider.

If you are concerned your identity has been compromised, contact the national identity and cyber support service, IDCARE.

Situations such as this can be upsetting. If you, or someone you know, needs help, we encourage you to contact Lifeline on 13 11 14 or Beyond Blue on 1300 224 636. They provide 24/7 support services.

About the JPC3
The JPC3 brings together Australian law enforcement and key industry and international partners to fight cybercrime and prevent harm and financial loss to the Australian community.

We are committed to equipping all Australians with the knowledge and resources to protect themselves against cybercrime.

Watch our cybercrime prevention videos and protect yourself from being a victim of cybercrime.

If there is an immediate threat to life, or risk of harm, call 000.

If you are a victim of cybercrime, report it to police using Report Cyber.

About the National Anti-Scam Centre (NASC)

The National Anti-Scam Centre (NASC) is run by the ACCC. The NASC promotes and participates in public and private sector collaboration to make Australia a harder target for scams.

The NASC runs the Scamwatch service (http://scamwatch.gov.au) which receives intelligence from the public and provides information about how to spot and avoid scams.

(Credit: Australian Federal Police)

News

Gold Price

Gold extended its rose above the $3,250 per ounce mark on Friday, a new record, lifted by a weaker US dollar and surging demand for safety following further escalation in the US-China trade war. China lifted its tariffs on the US to 125% as of April 12th and stated it will ignore further US responses after a series of increases in tariffs by the White House topped at 145%. The current measures are due to impact nearly $700 billion of goods exchanged between the world's largest economies every year, paring risk assets tied to global growth and supporting inflows into safety. On the monetary policy front, the Federal Reserve gave no indication that it will intervene in policy to cap the surge in long-dated yields, but further evidence of disinflation in the March CPI report supported the case for rate cuts this year, also supporting bullion assets.

News

Best Quotes Of The Day

"Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential." — Marc Kenigsberg

"Blockchain is the biggest opportunity set we can think of over the next decade or so." — Bob Greifeld

"Blockchain is the most disruptive technology I’ve seen in decades." — William Mougayar

"Blockchain will do for trusted transactions what the internet did for information." — Ginni Rometty

"Blockchain is the future of financial transactions." — Blythe Masters

"Blockchain technology is a way to truly democratize power and wealth." — Laura Shin

"Decentralization is the keyword for blockchain’s value proposition." — Vitalik Buterin

"The great thing about blockchain is that it has the potential to create new industries." — Patrick Byrne

"Blockchain’s transparency makes it the perfect tool for accountability." — Balaji Srinivasan

"Blockchain is the backbone of the internet of value." — Don Tapscott

News

Bitcoin Gaming: News

$GAMES Token Surge: The $GAMES token, touted as the first Bitcoin gaming token on http://Gate.io, spiked 35% as it entered price discovery. It's tied to the "Game of Bitcoin" project, stirring buzz around a potential recovery in crypto gaming markets.

Japanese Developer Enish's Bitcoin Move: Enish, a Japanese game developer, bought 100 million yen (~$670,000) worth of Bitcoin to deepen its blockchain gaming expertise. Their game "De Lithe Last Metsoires" already uses blockchain, aiming to enhance gameplay and business models.

Web3 Gaming Momentum: Projects like Big Time Studios and Star Atlas are gaining traction in Web3 gaming, focusing on player ownership and sustainable economies. Star Atlas emphasizes decentralized governance, letting players shape in-game policies, which could integrate Bitcoin or crypto rewards.

Bitcoin Casino Rankings: New 2025 rankings highlight Bitcoin casinos like Ignition, BitStarz, and mBit for no-KYC, fast payouts, and provably fair games. These platforms support Bitcoin alongside other cryptocurrencies, offering slots, poker, and live dealer options.

Play-to-Earn Growth: Play-to-earn (P2E) games like http://Casino.bet Wheel let players earn Bitcoin without deposits, blending simple gameplay with crypto rewards. These models are drawing attention for accessible crypto gaming.

News

ASX News

ASX Metals & Mining:

BHP Group Limited (ASX:BHP): Showed a decrease of 2.25%.
Fortescue Ltd (ASX:FMG): Currently has a positive percentage change.
Rio Tinto (ASX:RIO): Showed a decrease.
Northern Star Resources Limited (ASX:NST): Has a positive percentage change.

Industrial Metals:
Copper (Comex): Showed a positive change of +18.65.
3Mo Copper (LME): Showed a positive change of +166.50.
3Mo Aluminum (LME): Showed a positive change of +26.50.
3Mo Zinc (LME): Showed a positive change of +10.50.

Precious Metals:
Gold: Prices are fluctuating.
Silver: Prices are fluctuating.
Platinum: Prices are fluctuating.
Palladium: Prices are fluctuating

News

Gold: The price of gold is currently around $5,148.58 per ounce in Australian dollars.

Silver: The price of silver is around $51.52 per ounce in Australian dollars.

Cryptocurrency, Fintech, Markets, Comms, Biz, Politics

April 7, 2025

Markets

ASX futures down 331 points/4.3% to 7388
AUD -0.3% at US60.21¢
Bitcoin -4.3% to $US79,283
Dow -5.5%
S&P -6.0%
Nasdaq -5.8%
Gold -2.5% to $US3038.24 an ounce
Brent oil -6.5% at $US65.58 a barrel
Iron ore flat at $US98.00 a tonne

News

April 7, 2025

Crypto Today:

BTC. $78,820.93. 4.67%
ETH. $1,577.20. 10.02.
USDT. $0.9998. 0.03%
XRP. $1.9566. 7.10%
BNB. $552.66. 6.00%
USDC. $1.0002. 0.03%
SOL. $106.55. 9.74%
DOGE. $0.1499. 9.96%

News

Countries Respond to U.S. Tariffs with Negotiation Offers

Following President Trump's announcement of new tariff policies, Vietnam and Taiwan have both offered to eliminate all tariffs on U.S. goods. Additionally, over 50 countries have reached out to the U.S. to begin trade negotiations, as stated by U.S. National Economic Council Director Kevin Hassett. These actions are in response to the U.S. imposing tariffs, with countries seeking to negotiate new trade deals to mitigate the impact of these tariffs. (Grok)

News

Bitcoin Dips Below $80,000, Hits $78,000 Amid Market Liquidation

On April 6, 2025, Bitcoin experienced a significant price drop, falling below $80,000 and reaching as low as approximately $78,000. This decline was accompanied by a $200 million liquidation from the cryptocurrency market within the past hour. Ethereum also saw a decrease, falling below $1,700, marking a notable downturn in the broader crypto market. (Grok)

News

Trump's Tariffs Prompt Global Trade Shifts

President Trump has recently imposed tariffs on several countries, prompting a variety of responses globally. Vietnam has proposed eliminating tariffs on U.S. goods following discussions with Trump, with plans to send diplomats to Mar-a-Lago to finalize the agreement. In the UK, Prime Minister Keir Starmer has acknowledged the failure of globalization and expressed understanding of Trump's tariff strategy. Meanwhile, business leaders like Elon Musk have advocated for a zero-tariff system between the U.S. and Europe to establish a free trade zone. Public opinion on these tariffs is divided, with some seeing an increase in Trump's approval ratings, while others, including investors, express concerns over economic impacts. (Grok)

World News, Biz, Markets, Resources, Politics, Media

April 4, 2025

Tariff wars made the dollar a risky asset

Gold

Movements in metals have been monumental. A 3% rise deep into the region of all-time highs for Gold was followed by a collapse of more than $100 from $3,170 to $3,050 an ounce. On Friday, trading stabilised near $3100, minimally adding to levels at the opening of the week.

Tactically, this is a good time for the bulls to exhale and lock in profits. This is confirmed by the fulfilment of an important growth target and the entry into extreme overbought on weekly timeframes on RSI. Multi-week corrections started in similar conditions in 2024.

Oil

Oil took a double hit in the week in less than 24 hours when it came under pressure from the macroeconomy due to tariffs and OPEC+ actions. Tired of waiting for the global economy to accelerate, the Cartel switched gears in the battle for market share, pledging to ramp up production faster than the previously announced plan.

Similar moments occurred in March 2020 and December 2014. On both occasions, oil dipped below $30 a barrel before finding support in the form of coordinated action by global producers. In theory, coordination is now at a higher level, but that doesn't negate the powerful pressures expected due to the trade shock and supply expansion.

Technically, oil is breaking through the bottom of the three-year range, and the 50-week moving average worked as resistance for the third time since September. (FxPro)

News

Cryptos Today

BTC. $83,789.09. 0.70%
ETH. $1,812.44. 0.36.
USDT. $0.9997. 0.00%
XRP. $2.1330. 2.61%
BNB. $596.22. 0.09%
SOL. $120.95. 3.74%
USDC. $1.0000. 0.01%
DOGE. $0.1696. 3.20%

News

Markets

ASX 200 futures are pointing down 93 points/1.2 per cent to 7786

AUD +0.4% to US63.22¢

Bitcoin -4.7% to $US82,018

Wall St:
Dow -4%
S&P -4.8%
Nasdaq -6%
VIX +8.26 to 29.77
Gold -0.9% to $US3108.38 an ounce
Brent oil -6.7% to $US69.91 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.04% Australia 4.26%

News

Germany Considers Gold Withdrawal from U.S. Vault

Germany is contemplating the withdrawal of approximately 1,200 tons of gold, valued at around $124 billion, from a U.S. Federal Reserve vault in New York. This consideration comes in the context of recent U.S. tariffs imposed by President Trump. The decision-making process involves senior officials from the Christian Democratic Union (CDU) Party, who are set to lead the next German government in the Bundestag. The potential repatriation of gold has not occurred since World War II, highlighting the significance of the current deliberations. (Grok)

News

Bitcoin Holds Steady Amid Stock Market Turmoil

On April 4, 2025, the US stock market experienced a significant drop, with over $1.5 trillion in value being erased. Amidst this turmoil, Bitcoin has shown resilience, maintaining its value around $80,000. Some observers and investors view this as a sign of Bitcoin decoupling from traditional financial markets and emerging as a potential safe haven asset, similar to gold. US Treasury Secretary Scott Bessent has publicly stated that 'Bitcoin is becoming a store of value,' reflecting a viewpoint that is gaining traction among some in the financial community. (Grok)

News

Coffee Tariffs Prompt Debate on U.S. Production

The United States is currently facing a discussion around proposed tariffs on imported coffee, which could impact consumer prices. While coffee is grown in the U.S., primarily in Hawaii, the production volume is significantly less than the national demand. Increasing domestic production to meet this demand presents logistical and time-related challenges, as coffee plants require several years to mature and produce a full crop. Opinions vary on the feasibility and desirability of relying more heavily on American-grown coffee to circumvent the potential tariff-induced price increases.

Markets

April 4, 2025

ASX futures down 74 points or 0.9% to 7805

AUD +0.6% to US63.35¢

Bitcoin -4.6% to $US82,296

Wall St:

Dow -3.3%
S&P -4.1%
Nasdaq -5.2%
VIX +6.02 to 27.53
Gold -0.7% to $US3112.12 an ounce
Brent oil -6.5% to $US70.09 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.05% Australia 4.26%

Cryptos Today:

BTC. $81,846.87. 5.49%
ETH. $1,774.30. 6.24.
USDT. $0.9997. 0.02%
XRP. $2.0101. 6.23%
BNB. $587.77. 2.64%
USDC. $1.0000. 0.01%
SOL. $113.95. 12.19%
DOGE. $0.1581. 8.06%

Markets

March 29, 2025

ASX futures down 91 points/1.1% to 7929
AUD -0.3% at US62.87¢
Bitcoin -3.9% to $US83,810
Dow -1.7%
S&P -2%
Nasdaq -2.7%
Gold +0.7% to $US3077.49 an ounce
Brent oil -0.6% at $US73.61 a barrel
Iron ore -0.2% at $US103.25 a tonne

Markets

March 24, 2025

ASX futuresdown 0.5 per cent or 41 points to 7945

AUD flat at US62.73¢

Bitcoin +1.2% to $US85,147

Wall St:
Dow +0.1%

S&P +0.1%

Nasdaq +0.5%

VIX -0.52 points to 19.28

Gold -0.8% to $US3022.15 an ounce

Brent oil +0.2% to $US72.16 a barrel

Iron ore -0.5% to $US100 a tonne

10-year yield: US 4.25% Australia 4.39%

Crypto Today

BTC. $85,293.57. 1.15%
ETH. $2,001.72. 0.75.
USDT. $1.0001. 0.03%
XRP. $2.4026. 0.56%
BNB. $622.52. 0.78%
SOL. $132.21. 2.11%
USDC. $1.0003. 0.02%
ADA. $0.7082. 0.59%

Markets

March 24, 2025

ASX futuresdown 0.5 per cent or 41 points to 7945

AUD flat at US62.73¢

Bitcoin +1.2% to $US85,147

Wall St:
Dow +0.1%

S&P +0.1%

Nasdaq +0.5%

VIX -0.52 points to 19.28

Gold -0.8% to $US3022.15 an ounce

Brent oil +0.2% to $US72.16 a barrel

Iron ore -0.5% to $US100 a tonne

10-year yield: US 4.25% Australia 4.39%

Crypto Today

BTC. $85,293.57. 1.15%
ETH. $2,001.72. 0.75.
USDT. $1.0001. 0.03%
XRP. $2.4026. 0.56%
BNB. $622.52. 0.78%
SOL. $132.21. 2.11%
USDC. $1.0003. 0.02%
ADA. $0.7082. 0.59%

Media Man Group Market Feed

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)

News

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

News Media

Australia Peter Dutton More Crypto Friendly And Switched On Than Albanese (Media Man Group)

News

"Dutton A Genuine Contender" (Sky News Australia)

Crypto, Fintech, Markets, News and Politics via Media Man

March 12/13, 2025

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

SEC vs Ripple Case: Negotiations Underway for Settlement

Recent developments indicate that the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be nearing a conclusion. Reports suggest that Ripple's legal team is currently negotiating more favorable terms related to a $125 million fine and an injunction on XRP sales to institutional investors. The anticipation of a settlement has led to increased interest and speculation within the cryptocurrency community regarding the outcome and its potential impact on XRP. (Grok)

News

U.S. Plans Strategic Bitcoin Reserve Acquisition

Senator Cynthia Lummis has reintroduced the BITCOIN Act, which proposes that the United States government purchase one million Bitcoins over five years to create a strategic reserve. This legislative move reflects a growing acknowledgment of Bitcoin as a digital asset for national economic strategy, garnering support from both traditional financial sectors and cryptocurrency advocates. Alongside this, there is an ongoing debate about the implications, risks, and potential benefits of such a reserve. (Grok)

News

Trump's Crypto Banking Deregulation

President Donald Trump is reportedly planning to sign an executive order that would reverse regulations set by the Biden administration aimed at restricting banking activities for cryptocurrency firms. This move could impact how crypto companies interact with the Federal Reserve, potentially leading to greater integration of cryptocurrencies within the traditional financial system. (Grok)

News

Rumble's Strategic Bitcoin Acquisition

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. (Grok)

News

Trump Predicts Market Surge Amid Economic Indicators

President Trump has publicly stated his belief that the U.S. financial markets are poised for significant growth, making his comments at an event with business leaders. This optimistic forecast follows recent economic indicators showing inflation cooling to levels not seen in years, despite mixed responses from markets regarding Trump's economic policies including tariffs. (Grok)

News

Ethereum's Lowest BTC Ratio Since 2020 Triggers Liquidation Risk

The Ethereum Foundation faces potential liquidation of over $100 million in assets if Ethereum's price drops to $1,100, amidst a historic low in the ETH/BTC trading ratio not seen since May 2020. This financial maneuver is part of Ethereum's strategy to manage its treasury through decentralized finance (DeFi), highlighting both the risks and innovative approaches to crypto-asset management in a volatile market. (Grok)

News

Gold funds burst out of the blocks in 2025 as returns rocket

Australian gold funds are shaping up for a bumper year as mining companies start to capitalise on record prices, helping the stocks to finally catch up to the performance of the precious metal.

Portfolio managers were left frustrated last year after a jump in production costs held back ASX-listed gold producers from riding the rally in the spot prices to record levels. The VanEck Gold Miners exchange-traded fund climbed nearly 20 per cent in 2024 versus a 38 per cent rally for the gold price in Australian dollars.

But easing cost inflation that has plagued the mining sector for the last three years and an ongoing surge in prices has seen the trend reverse course. VanEck’s Gold Miners ETF is up 17 per cent already this year while the Aussie dollar spot price has climbed 6.3 per cent.

Local fund managers are bullish that gold has much further to run after the US dollar price climbed above $US2942 an ounce for the first time and the Australian dollar gold price breached $4500 an ounce.

Victor Smorgon Partners’ Resource Gold Fund returned a chunky 13.3 per cent in January and portfolio manager Cameron Judd believes the valuations of ASX gold stocks still don’t reflect the outlook for the yellow metal.

“Gold’s performance in times of uncertainty or crisis could see it push towards $US3600,” Mr Judd said. “Despite the strong gold price performance and fundamentals supporting further appreciation, gold miners are trading at discounted valuations on the ASX.”

Wall Street’s biggest banks believe a $US3000 price tag is imminent. Citi said it was possible within the next three months, while JPMorgan has a year-end target of $US3150. Bank of America said on Thursday that gold could reach $US3500 an ounce if investment demand rises 10 per cent this year.

The unprecedented surge in the gold price has been fuelled by investors seeking safe haven assets as US President Donald Trump unleashes aggressive trade and geopolitical policies. There are fears the president will accelerate inflation, forcing central banks to raise rates in a way that damages global growth.

Victor Smorgon’s top holdings include ASX-listed Vault Minerals and the world’s largest gold miner, US-based Newmont, which recently acquired Newcrest. The fund also owns Australia’s biggest gold miner Northern Star, which agreed to buy rival De Grey in a $5 billion deal. (AFR) *Full article and coverag via subscription to The Australian Financial Review.

News

Australia

Northern Star paying top dollar for gold rival

Northern Star has offered $5 billion to buy De Grey Mining, with De Grey shareholders to vote on the offer on 16 April. De Grey is the company behind the Hemi gold prospect in Western Australia, which is thought to hold at least 11 million ounces of gold and which is slated to produce 530,000 ounces annually in its first decade of operation. KPMG, which was engaged to provide an independent assessment of Northern Star's offer, has valued DeGrey at between $4 billion and $4.79 billion, inclusive of a premium for control. It concludes that the offer is "fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal". (Roy Morgan Summary)

News

March 12, 2025

Crypto market tumbles after stocks

Market picture

Crypto market capitalisation has been falling to $2.5 trillion following the rumbling fall of the US stock market. It is dipping below the peaks of early 2024 and late 2021. Previously, a similar decline would complete a corrective pullback, attracting buyers. However, the chances of such an outcome are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and stock dynamics.

For now, though, we can argue that there is less terror in crypto. The Fear and Greed Index is at 24 (+4 points for the day), while the low point was a week earlier at 10.

Bitcoin slipped towards $76.5K in the early hours of Tuesday but has popped above $80K at the time of writing, approaching Monday’s consolidation levels. A bearish pattern persists on the daily timeframes, which suggests a strengthening sell-off after a failure under the 200-day moving average. The scenario of a pullback to the $70-74K area still looks the most probable for us. This is all the truer as the consolidation and rebound in early March has taken the short-term oversold stance out of the market.

Ethereum is trying to find a pivot point after falling towards $1750 at the start of Tuesday. These were the lowest values in the last 17 months. On weekly timeframes, the RSI oscillator hit its lowest point since mid-2022 - near the bottom of the bear market. Does this signify an opportunity for the recklessly bold or a breakdown in the leading altcoin? We will find out in the coming days.

News Background

According to CoinShares, global crypto fund investments fell by $876 million last week after record outflows of $2.911 billion a week earlier. Investments in Bitcoin fell by $756 million; in Ethereum, by $89 million. Investments in Solana rose by $16 million, in XRP by $6 million, and in Sui by $3 million.

As a result of another recalculation, Bitcoin mining difficulty increased by 1.43% to 112.15T. The growth did not compensate for a 3.15% drop two weeks ago. However, the figure came close to the all-time high of 114.17T reached in January.

Strategy (former MicroStrategy) intends to raise $21bn through the sale of preferred shares as part of its At-The-Market program. The proceeds will be used to buy Bitcoin and other corporate purposes. (FxPro)

News

March 11, 2025

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC.

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.

“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.” (Bitcoin Magazine). *Full article via Bitcoin Magazine

News

XRP wins Media Man 'Crypto Of The Month' award

News

Markets

Australian Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15 USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)

News

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

News Media

Australia

Peter Dutton More Crypto Friendly And Switched On Than Albanese (Media Man Group)

News

"Dutton A Genuine Contender" (Sky News Australia)

March 10, 2025

ASX futures are pointing up 69 points, or by 0.9 per cent, to 8011.

All US prices are as of 4.15pm Sunday in New York:

Bitcoin -3.7% to $US83,138
On Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%

January 10, 2025

ASX futures up 33 points or 0.4%

AUD -0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany 2.56%
US prices as of 1.59pm in New York

Media Man Group Market Feed

March 10, 2025

ASX futures are pointing up 69 points, or by 0.9 per cent, to 8011.

All US prices are as of 4.15pm Sunday in New York:

Bitcoin -3.7% to $US83,138
On Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%

Markets

March 1, 2025

ASX futures down 12 points or 0.2% to 8120
AUD -0.6% at US61.96¢
Bitcoin +0.4% to $US84,447
Dow flat
S&P -0.1%
Nasdaq -0.2%
Gold -1.1% to $US2845.82 an ounce
Oil -1% at $US73.3o a barrel
Iron ore -2.2% at $US102.00 a tonne

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Markets

January 7, 2025

Under The Media Man Watercooler And On The Floor

ASX futures up 12 points or 0.2%

AUD +0.5% to 62.46 US cents
Bitcoin +3.7% to $US102,068 at 8.33am AEDT
On Wall St: Dow -0.1% S&P +0.6% Nasdaq +1.2%
In New York: BHP -0.7% Rio -0.4% Atlassian +1.7%
Tesla +0.2% Apple +0.7% Nvidia +3.4% Microsoft +1.1%
Alphabet +2.5% Amazon +1.5% Meta +4.2%
VIX -0.09 to 16.04 QQQ +1.2% TLT -0.5%
Stoxx 50 +2.4% FTSE +0.3% DAX +1.6% CAC +2.2%
Spot gold -0.2% to $US2635.63/oz at 1.53pm in New York
Brent crude -0.7% to $US76.00 a barrel
Iron ore -1.2% to $US97.00 a tonne
10-year yield: US 4.61% Australia 4.47% Germany 2.44%
US prices as of 4.29pm in New York

Markets

January 4, 2025

ASX futures up 23 points or 0.3% near 8am AEDT

AUD +0.2% to 62.16 US cents

Bitcoin +1.2% to $US98,195 at 8.27am AEDT

On Wall St at 4pm: Dow +0.8% S&P +1.3% Nasdaq +1.8%

In New York: BHP -0.8% Rio -0.3% Atlassian +3.3%

Tesla +8.2% Apple -0.2% Nvidia +4.7% Microsoft +1.1%

Alphabet +1.3% Amazon +1.8% Meta +0.9%

Mara +14.1% MicroStrategy +13.2% Iren +8.4%

VIX -1.8 to 16.13 QQQ +1.6% TLT -0.3%

Stoxx 50 -0.9% FTSE -0.4% DAX -0.6% CAC -1.5%

Spot gold -0.7% to $US2639.37oz at 4.51pm in New York

Brent crude +0.9% to $US76.58 a barrel

Iron ore -2.6% to $US98.30 a tonne

10-year yield: US 4.60% Australia 4.38% Germany 2.42%

US prices as of 4.54pm in New York

Markets and Commodities

November 1, 2024

Australian Dollar: $0.6579 USD (up $0.0009 USD)

Iron Ore Nov Spot Price (SGX): $104.10 USD (up $0.30 USD)

Iron Ore Dec Spot Price (SGX): $103.80 USD (up $0.28 USD)

Oil Price (WTI): $70.51 USD (up $1.57 USD)

Gold Price: $2,746.76 USD (down $38.62 USD)

Copper Price (CME): $4.3600 USD (up $0.0030 USD)

Bitcoin: $69,991.53 USD (down 2.58% in last 24 hours)

Dow Jones: 41,763.46 at 4.09pm NY time (down378.08 points on yesterday's close)

Markets and Commodities

October 10, 2024

Australian Dollar: $0.6710 USD (down $0.0040 USD)

Iron Ore Nov Spot Price (SGX): $105.15 USD (unchanged - public holiday)

Oil Price (WTI): $73.36 USD (down $0.55 USD)

Gold Price: $2,607.14 USD (down $15.75 USD)

Copper Price (CME): $4.4080 USD (down 0.0605 USD)

Bitcoin: $60,908.07 USD (down 2.11% in last 24 hours)

Dow Jones: 42,512.00 at 4.20pm NY time (up 431.63 points on yesterday's close)

Markets and Commodities

October 4, 2024

Australian Dollar: $0.6840 USD (down $.0040 USD)

Iron Ore Nov Spot Price (SGX): $108.75 USD (down $0.20 USD)

Oil Price (WTI): $73.71 USD (up $2.70 USD)

Gold Price: $2,656.04 USD (down $2.97 USD)

Copper Price (CME): $4.5435 USD (down 0.1195 USD)

Bitcoin: $60,801.67 USD (up 0.09% in last 24 hours)

Dow Jones: 42,011.59 (down 184.93 points on yesterday's close)

Market, Commodities and Financial News

Snapshot via Media Man

October 4, 2024

ASX futures down 33 points or 0.4% to 8209 near 6am AEST

AUD -0.6% to $US68.44¢

Bitcoin +1.3% to $US60,954

Dow -0.6%

S&P -0.4%

Nasdaq -0.3%

FTSE -0.1%

DAX -0.8%

CAC -1.3%

Gold -0.1% to $US2657.32 an ounce

Brent oil +5.2% to $US77.77 a barrel

Iron ore +0.6% to $US108.75 a tonne

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

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)

Market, Commodities and Financial News

Snapshot via Media Man

July 29, 2024

ASX futures up 60 points or 0.8% to 7938 near 3am AEST

AUD +0.2% to 65.48 US cents

Bitcoin -0.6% to $US67,636

Dow +1.6%

S&P +1.1%

Nasdaq +1%

FTSE +1.2%

DAX +0.7%

CAC +1.2%

Gold +1.0% to $US2387.19 an ounce

Brent oil -1.5% to $US81.13 a barrel

Iron ore +2.5% to $US102.40 a tonne

Markets and Commodities

July 18, 2024

Australian Dollar: $0.6730 USD (unchanged)

Iron Ore Aug Spot Price (SGX): $105.05 USD (down $2.10 USD)

Oil Price (WTI): $83.10 USD (up $2.28 USD)

Gold Price: $2,458.69 USD (down $10.15 USD)

Copper Price (CME): $4.4165 USD (down $0.0405 USD)

Bitcoin: $64,196.81 USD (down 0.80% in last 24 hours)

Dow Jones: 41,198.08 at 4.20pm NY time (up 243.60 points on yesterday's close)

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Markets and Commodities

July 9, 2024

Australian Dollar: $0.6735 USD (down $0.0003 USD)

Iron Ore Aug Spot Price (SGX): $108.75 USD (down $1.50 USD)

Oil Price (WTI): $82.30 USD (down $0.86 USD)

Gold Price: $2,358.93 USD (down $32.66 USD)

Copper Price (CME): $4.6035 USD (down $0.0645 USD)

Bitcoin: $56,215.84 USD (down 1.75% in last 24 hours)

Dow Jones: 39,344.79 (down 31.08 points on Friday's close)

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PxPro: News

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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Asia Pacific Mega Gambling News Update, by Greg Tingle - 9th April 2011

Newcastle NSW War Pokie Laws...

New poker machine restrictions proposed by Tasmanian independent Andrew Wilkie will "annihilate" pubs and clubs in the Hunter, leaving hundreds out of work, ClubsNSW Newcastle councillor Jon Chin says. Clubs Australia is launching a $20 million advertising campaign on Monday in an attempt to prevent the introduction of mandatory pre-commitment technology for all poker machines. Banjo, a John "Singo" Singleton company is behind the campaign. Mandatory pre-commitment requires pokies users to commit to a spending limit before they begin gambling. Once they reach that limit they will be unable to gamble again until the following day or longer, depending on what restrictions the player sets for themselves. Chin said the cost of implementing the new technology in the Hunter region would surpass $100 million. This figure did not include the 40% in revenue clubs would experience once the restrictions were imposed, he said. "This means Hunter clubs will lose another $100 million, making it impossible for us to sustain our businesses," he said. Australian Hotels Association Hunter sub-branch vice-president Bruce Woods said there was no evidence to suggest the restrictions would discourage people from gambling. "This won't help pathological gamblers at all but it will lead to a loss of jobs," he said. "We support the clubs' campaign against this, it will affect pubs just as much as clubs".

Online Gaming Strong Growth In Asia...

Online gaming industry has grown into a $US3 billion business that provides a good standard of living to migrant workers in Asia who play games all day and sometimes, all night! Virtual currency is all the rage, it sometimes gets sold to punters abroad for cash. A World Bank study demonstrates an emerging industry in which firms seeking to boost their brands' popularity pay low-skilled workers overseas to become their Facebook fans or Twitter followers. The study, Knowledge Map of the Virtual Economy, is the World Bank's first in-depth look at the impact of online gaming and social media in the developing world. Vili Lehdonvirta, a co-author of the report, advised that the bank should not pour its money into the industry, because he said the deal making violated some of the game publishers' terms of service and was cheating. Known in the business as "gold farming", the game-playing boomed in the early 2000s with games like World of Warcraft and has evolved considerably. Labourers in Asia spend numerous hours each day advancing through levels of an online game, picking up gold, swords and gems that enhance a game player's status. Then gaming studios, which employ the players, sell those virtual goods to online retailers. Next step, the retailers sell on those goods to more than 120 million players globally, many of them in Europe and North America, who don't want to play the games day and night to gather their own. The bank's report indicates that online gaming has a positive impact in Asia because 70% of the industry's revenue remains in the gaming countries, with most of that money going to the gaming studios. Compared with the $US70 billion coffee market...in which only a tiny fraction of the revenue remains in the bean-growing countries...the gaming industry had a "much better development impact", the report states. A report survey checks out on a group of 26 players and studio managers that offers a rough, yet rare demographic look at their lives. Most of the players work out of studios in China, in Beijing or Changsha, capital of Hunan province. They earn an average wage of $US2.70 an hour, $US1 more than Beijing's minimum wage for part-time factory work. "The larger point is that online gaming is often viewed as exploitation, Lehdonvirta said. "Certainly it's not a dream career, but the players are not at sweatshop levels." The gaming studios keep about 60% of the industry's $US3 billion in revenue. Readers, would you like to be a prize gather for the gaming studios on that level of pay? Better not answer!

Samoan Casino Proposal Has Social Concerns For Kiwi, Samoan Locals...

All these places have land based casinos - Las Vegas, Monte Carlo, Macau, Melbourne and just maybe soon - Apia in Samoa. Some business folks have earmarked it as a future gambling destination, and Kiwi group, the Problem Gambling Foundation of New Zealand, is advising against it, citing social harms of a casino will outweigh any economical benefits that the Samoan government will hope to achieve. In an admission of the dangers of gambling, the proposed casino in Apia will attempt to bar locals by only allowing the holders of foreign passports to gamble. Problem #1... many locals have duplicate passports, so getting in to a casino for locals may not be that hard, and don't even bring up the subject of fake ID. Will the region get a land based casino? Stay tuned for updates.

Clubs Australia War On Gillard Labor Government Re Pokie Laws...

Clubs Australia has declared "open warfare" on the Gillard government, preparing a $20 million media campaign to try to stop laws to limit how much punters can spend on poker machines. Last year "Tasmanian Devil" (MM satire) independent MP Andrew Wilkie backed Labor to form a minority government in return for a clampdown on the use of poker machines. Now, the lobby that represents clubs and pubs is wrestling and punching back, with a media blitz targeting Wilkie and Prime Minister Julie Gillard. Both Wilkie and Gillard are in big trouble in the popularity polls, with Labor set to lose the next federal election, following their NSW loss, where it was bloody and crimson mass. Billboards, a website, beer coasters and more It's war on nationwide. The campaign has been criticised as misleading for claiming punters will need a licence to gamble. Clubs Australia executive director Anthony Ball rejects that. "What we do know is that everyone who plays a poker machine will need to register and obtain a card, and then insert it into a poker machine and set a binding limit. There needs to be player tracking, because how else does the machine know what the player is doing? It will have your private details and your gambling history on it. Now if that's not a licence, I don't know what is." Under Wilkie's master plan, gamblers would have to nominate a dollar figure for how much they are prepared to lose before they start gambling, a scheme known as "mandatory pre-commitment". Wilkie wants the law in place by 2014 and he has the backing of South Australian independent Senator Nick 'Mr X' (MM satire) Xenophon. Senator Xenophon describes the Clubs Australia campaign as a "joke". "This industry is willing to spend $20 million of tax-break money that they get from community clubs - effectively taxpayers' monies, indirectly - to peddle lies in terms of a campaign where they haven't even seen what the final report will say. Whether it's $20 million or $200 million, this mob can spend as much as they like, but they can't spin that they are causing enormous damage out in the community. There are 300,000 Australians who either have a severe gambling problem because of poker machines, or are already showing the signs of one."

Proposed Pokie Laws With Cost 10,000's of Aussie Jobs...

Clubs Australia advise the changes will cost jobs. They want it to be a voluntary scheme and have rejected a government request to hold off on the ad war. "It will cost jobs, for the simple reason that asking Australians to sign on to this licence to gamble will mean they'll do something else," Mr Ball said. "They'll go and gamble online where none of these controls exist, or they they'll go to the TAB - they won't do it at the club.Even the proponent of this, Andrew Wilkie, is saying that this will cost up to 40% of revenue."
It's all hot fodder in Aussie Parliament too. Liberal Steve Ciobo sits on the joint committee on gambling reform, which has been hearing arguments pro and con against a mandatory pre-commitment scheme. "The committee was charged by the Labor party with the responsibility to look at a roll-out of pre-commitment," he said. "But Coalition members will be putting in a dissenting report because the evidence is clear that it's going to cost jobs, it's going to cost investment, and I'm concerned based on the evidence that it will make problem gambling potentially worse." The committee is due to report in the next few weeks. The states and territories have until the end of May to decide if they will agree to the Wilkie-led reforms. If they refuse, the Commonwealth believes it has the power to introduce overriding legislation to impose a national scheme. The pokie industry has shown the willingness to wrestle all the way to the next election, and perhaps even beyond. It's the lovers VS the haters. Who will win, and when will the final victor emerge. Stay tuned.

Sky City Entertainment Group Stocks Fall From Sky...

Sky City Entertainment Group, the casino and hotel operator, fell 0.9% to $3.41 amid media reports that overseas competitors were looking to hire the 500 staff made redundant or on leave without pay due to the closure of the Christchurch Casino. SkyCity owns a 50% stake in the business.

Casino Bouncer Thought Disabled Bloke Was Drunk...

A South Australian man with deasiese cerebral palsy says he was refused entry to the Adelaide Casino because the bouncer thought he was drunk. Mark Thiele was on a big night out with friends when he attempted to enter the casino, but was refused by a bouncer aka "gorilla". Thiele says the bouncer mistakenly thought he was drunk, but the casino is sticking by its decision. "I had said to the man that I wasn't a drunk, I was crippled," said Thiele, talking about his rejection on 7.30 South Australia. "He had said to me he was convinced I was intoxicated even though we said that I had only had a few drinks earlier on in the evening. "So I can't see why I was singled out and everybody else in my party wasn't. There was no difference between any of us besides the obvious. It's a mystery to me really." Last month, he and his friends had walked to the casino from the city's Hindley Street entertainment strip a few blocks away. Thiele has trouble moving his body and for him, walking distances is a big effort. His mate Aaron Nettlebeck says the casino bouncer did not understand. "Walking that sort of distance does get very, very sweaty over that sort of short period. It was a bit infuriating that it happened like that after such a nice evening." Thiele says he has not had a problem at venues until now. "For the vast majority it's never been a problem. Bouncers that I've come into contact with have been understanding and even let me skip the line a few times just to put me at ease," he said. "Obviously it's a stamina thing that I can't walk these long distances and stand in lines and all of these things." He says he is considering lodging a complaint with the commission or under South Australia's liquor laws.The casino's general manager, David Christian, has offered an apology of sorts. "It was certainly not our intention that Mark would have felt discriminated against and I'm sorry that he does feel that way," he said. But he is defending the actions of his staff. "They believe that they made the right call. I would believe that with the calibre we have and the training we put into our security officers, and the level of management that oversees it, that they would be right most of the time."

New Zealand Christchurch Casino Workers Hurting From Earthquake Financial Aftershocks...

Financial and emotional aftershocks are still be felt by the casino sector after a series of earthquakes that rocked the Asia Pacific - Japan and New Zealand region. Christchurch Casino workers are feeling disappointed and even depressed after having failed attempt to get a bigger redundancy payday.In excess of 500 formally happy and motivated casino employees were offered redundancy at the central Christchurch casino last weekend, which was badly damaged in the February 22 quake and has stayed closed ever since the act of mother nature. Anyone who wants to stay at the casino will be paid their holiday pay as either a weekly amount or in a "lump sum". Simply put, they will remain as employees of the land based casino on leave without pay until the the gambling den opens again. The SFWU (Service and Food Workers' Union), which reps for 100 plus casino workers, has a meeting with the casino's managers on Thursday. SFWU strategic industry boss Len 'Razor' (MM tag) Richards said workers were sombre but firm in their desire about securing a more attractive redundancy package. The union power that be were also asking for continued pay for employees that choose to stay on until the casino opens again. However, he advised management was not prepared to increase the amount of redundancy pay for staff, but did agree to request for a government wage subsidy. Due to a private insurance deal and policy in place, the land based casino has not relied upon the $1.5 million government subsidy available for quake-affected businesses. Richards stated that the union has contacted earthquake recovery minister Gerry Brownlee to request assistance to help pay workers who remain employed. SkyCity, half owner of the famous Christchurch Casino, has projected a $130 million plus profit this year. It's not known how much financially the quake cost Christchurch Casino or SkyCity. Christchurch Casino top sheep er top dog...chief executive Brett 'Ask Him' (MM satire) Anderson said about 70% of employees have indicated they will stay with the company rather than take the offered redundancy. He said a number of employees are also being offered jobs offshore. Anderson elaborated "I'm getting phone calls from Australia looking for our people and likewise all over New Zealand, and a few of them have spread their wings. More than a few have gone over to the Gold Coast. It's a lot warmer, it's a lot more stable, you can swim in the sea, the pay rates are better." Anderson said he still does not know when the casino will reopen.Employees have a deadline until Monday to decide whether they will take the redundancy package or stay on. Yep, it's the money or the box. Workers who have not contacted the company by showdown at 5pm on Monday will be deemed to have left their jobs and will be paid out a four-weeks-notice payment, along with their annual leave entitlements. Casino workers, did you get that. D Day is approaching.

A Media Man spokesperson said "In the current global economy anyone with a decent job should be grateful, especially in the casino or gaming sector. Well done to Christchurch Casino management for doing their utmost to assist in their difficult times. Employers will always want to ask for more... its in the nature. Land based casinos generally remain popular around the world so good staff will always be in demand."

Media Man and Gambling911 wish all parties well with their dealings, and hopefully some win - win - wins will still be possible.

States Probe Sports Betting Ads...

Aussie states are uniting to consider a crackdown on an explosion in advertising of sports betting, Victoria's Gaming Minister says. Michael O'Brien last night revealed the betting blitz on sport was being examined by the Council of Australian Governments. "There is growing concern at the extent to which is becoming inseparable from the coverage of major sporting events. Kids are being exposed to it constantly just by watching the footy or cricket," he said.AFL chief executive Andrew Demetriou said the league had expressed its concerns to stadium managers. Goal posts, boundary line fences and scoreboards at the MCG and Etihad Stadium have been plastered with ads from bookmakers. Demetriou said the alarm was raised during last year's Brownlow Medal telecast. "There seemed to be an enormous amount of (gambling) advertising after each break," he told press. O'Brien said the AFL, which enjoys lucrative sponsorship arrangements with gambling giants, could take responsibility through its media and stadium deals. "It may be that there's an opportunity for this influence to be exercised to ensure the promotion of sports betting isn't allowed to detract from family-friendly objectives of (such) sports," he said. This week, former Demon Daniel Ward revealed in the the newspapers his battle with gambling. "It's always in your face," he said of the ads. "It's like being a drug addict and an advert comes on saying, 'The first 50 people to ring will get a free bag of marijuana'."

Hawkins Former Ms Univervese Lookalike Kahili Blundell Wins Ralph Swimwear Title At Star...

Sin City Sydney babe Kahili Blundell has snatched the Ralph Australian Swimwear Model of the Year comp. The Crows Nest bikini super babe bested more than 2000 babes from all over Australia and Kiwi land to grab the coveted title at Sin Sydney's Star City Casino on Thurday. "I feel more than special right now, I'm blown away and so honoured to be given this position," Blundell said. "I was expecting him to call another number and I stood there thinking 27, is that me? "It's also my boyfriend's birthday, but I realised it was me and I was shivering." The 21-year-old Jennifer Hawkins lookalike works as a personal assistant and dabbles in makeup artistry in her spare time. Blundell says modelling has been tough, slogging it out for 3 years. "Since November I've been training every week for this, thinking about it every night," she said. "I've been brought up to eat very healthy, so I don't have too much trouble doing that, but I definitely exercise a lot. I've been working very hard so thank god it's all paid off." The comp saw the 38 finalists strut their stuff in catwalk parades. Sex bikinis were all the rage. A select group of a bakers dozen were picked, then reigning champ Emmi Moore handed over her sash and championship title to Blundell. "I've been doing this for three years now and this is exactly what I've been dreaming and hoping for," Blundell said. "I'm open to any opportunity and I love challenges. I've obviously done well in the bikini field, so I might just continue on this track for a little while." Burlesque babe Sina King from Underbelly home Melbourne snatched runner-up while second runner-up went to 21-year-old writer - journo type Tiffany Baker from Fremantle in Western Australia.

Australian Boxer Katsidis To Fight Guerrero In MGM Grand Casino Las Vegas Bloody Sunday...

Down under's Australia's Michael Katsidis and his opponent in Sunday's (AEST) interim lightweight world-title fight at Las Vegas' MGM Grand Casino, America's Robert "The Ghost" Guerrero, also have powerful stories. Guerrero's world was crushed big time circa 2007 when his wife, Casey, was diagnosed with leukemia. The Californian gave up boxing, giving up his world-title, so he could be by Casey's side and stay close to their young children as she underwent a bone-marrow transplant. Things are now looking up for Guerrero. "Casey has been cancer free for almost a year now," 28-year-old Guerrero, the number one ranked lightweight in the world and a former featherweight and super featherweight champion, said. Last year Katsidis' was having a dream run. The likable 30-year-old blokefrom Toowoomba celebrated his first wedding anniversary with wife Kumiko. He loved being a dad to their one-year-old daughter Kalia and was preparing for the biggest bout of his career, a world-title fight in Las Vegas against Mexican legend Juan Manuel Marquez. Things quickly went downhill when five weeks before the Marquez fight he learned his 31-year-old brother, champion Australian jockey (horse racing) Stathi Katsidis, had passed away. Just days later Katsidis' longtime trainer, Brendon Smith, received two more bad news calls. Smith's nephew got paralysed from the chest down in an accident and one of the trainer's former boxers passed away. "We got it all within three weeks and just before the Marquez fight," Smith said. Katsidis and Smith made the call to keep training at their Thai boxing camp and take on Marquez at the MGM Grand Casino, a match that would be voted the Fight of the Year after Katsidis floored Marquez to the mat in the third round. Marquez guts and balls by getting up and pounding Katsidis so badly ref Kenny Bayless ended the match in the ninth round, giving Marquez a ninth round technical knockout victory. On the eve of the Guerrero fight, Katsidis and Smith, who kept quite before the Marquez bout, finally opened up about their personal tragedies. Katsidis did not sleep two days before the Marquez fight. "He was emotionally spent before he got in the ring and to do what he did under the circumstances was incredible," Smith said. "I believe if something doesn't kill you it only makes you stronger," Katsidis said. Guerrero has 22 knockouts in his 27 professional victories. "This is truly a fight for boxing fans," Guerrero, who has a 28 win (18 KO), one loss professional record, said. "You are going to see two guys go at it and give it their all." The winner of the match will be named the interim World Boxing Association and World Boxing Organisation lightweight champions. Promoter 'Golden Boy' Oscar De La Hoya has named the MGM card "Action Heroes", with another Mexican legend, Erik Morales, fighting Argentina's exciting welterweight contender Marcos Maidana and in another welterweight battle, Brooklyn's Paulie Malignaggi VS Jose Miguel Cotto. The matches will be broadcast live in Australia on Sunday from 11am AEST by Main Event pay-per-view. "For a boxing card, sounds like it will be value for money for a bit of a change", said a Media Man insider.

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Australia Day Special, by Greg Tingle - 26th January 2011

G'day and Happy Australia Day everyone. Ok, we know some of you punters, journos, high rollers - casino whales, entertainment news junkies, politicians, insiders, outsiders and legal eagles are from across the globe are not Australia, nor have ever been down under, but you get the idea. Did you know that some indigenous Australia's call Australia Day 'Invasion Day'! That's because most history books show that Captain James Cook and his crew invaded Australia on this day in 1988. They are known by a new names including the First Fleet, while some aborigines will always think of them and murderous mongrels, who stole their land and pride. It's easy for many of us to get the point of the blackfellas (affectionate). Media Man and Gambling911 with a bush tucker bag full of Australian gambling, casino, poker, media and sports news. Fair winds...

Queensland Banana Bender State: Pub Pokies And Online Pokies Becoming More Popular?...

One armed bandits are maintaining their popularity in 'The Sunshine State'. It's understand that punters might have only a 1 in a million chance of winning really big, lotto - millionaire style, but they just keep coming back for more. Yep, throw another dime in the pokie baby. Queenslanders "invested" close to $2 billion last year as the punters passion for the slots maintained its fever pace. The total pokies expenditure of $1.81 billion was slightly down on the previous year, it was the third year consecutively the number exceeded $1.8 billion. We're also learned that the 2008 figure of $1.83 billion was an all-time record. Now, this is important - those numbers Do Not take into account the rabid take up and roll our of online poker or sports betting. You know, betting over the global medium - the internet. Overall, Queenslanders spent $7 million less on pokies than last year and $28 million less than in 2008, but it still works out at in excess of $150 million every month down the slots August was the year's biggest month for slot gamblers, who put close to $170 million in the throats of the one armed bandits. August was also the biggest month for gamblers in 2008, with more than $173 million lost. Pokies remain by far the most popular games for punters in Australia, bringing in most of the estimated $17 billion spent on all forms of gambling down under each year. Some insiders think that the reduction in official spending was more a sign of the increased popularity of internet and sports-based gambling. Concentrating on pokie figures, it appears Queenslanders gambled more at the height of the global financial crisis two years ago than they did throughout 2010.

Tassie 'Devil' Gambling Tycoon Devilish Quotes...

David Walsh from Tasmania was such a big hit with the readership we thought we would dig up a few more of the red hot 'The Devil's' quotes, that are too good not to share. First a refresher...Art and gambling do mix, at least that's the experience of Brits Damian Aspinall, Phil 'Tuffers' Tufnell, Australian artist Gina Sinozich, Media Man (bodypaint and burlesque "fetish") and Tasmanian gambling whale - tycoon, David 'Wicked' (satire) Walsh. You will pick up on Dave's affectionate nickname by us later. We like you David, ok mate. Tasmania's most famous or infamous gambling figure, millionaire, David Walsh yesterday gave us a peak into his art exhibit...the biggest (and weirdest) private art gallery in Tasmania, if not the Asia Pacific. The $110 million Museum of Old and New Art is nestled on the banks of Hobart's Derwent River.

Quotes By The Tasmanian Devil!...

"FUCK the art, let's rock'n'roll."

"I think formal curation is a form of mental masturbation."

"I'm not really that interested in a bunch of big names. Most of the works are by people most people haven't heard of and still won't have heard of because there's no wall labels."

"I don't want to lose control (or) something that ends up looking like a pale version of the National Gallery of Victoria".

"Subversive adult Disneyland".

"Please see reception if you are planning a pool party or a ritualistic orgy."

"It's the opportunity to mess with your head. I like the idea of people having a couple of beers and looking at the art, having a couple more and changing their mind."

"Just a privileged guy with a megaphone"

"It’s like a rich man’s soap box. I’m standing on my soapbox and I’m shouting my views like they mean something."

"I’ll take all the popular stuff out. And if you go to the toilet two or three times we’ll recommend a good urologist."

“My brother once said about me that I’d rather be outside a barrel pissing in than inside the barrel pissing out. I’m anti this idea that we know what we’re doing with certainty. I kinda think that most things that are good happen to people largely by accident, but then they start looking for explanations. You see the views of rich, successful people on television, and they tell you why they got rich and successful; they don’t interview all the people who went through the same process and didn’t. I think most things are complete crap. I want to show that you can be fortunate without believing that your fortune was anything other than fortune."

"There are so many things we do that we hide from. We hack open cows and eat their guts but we compartmentalise that away from our lives so we can pretend it’s not happening. And on a larger, more important scale, if each of us acted individually to say ‘OK, we f…ed up the atmosphere, it is our personal responsibility’, humanity would behave in a very different way."

"One of the things about having money is that … I feel a bit of guilt and a level of privilege, and it seems to be an obligation to do something, and since art is what I’ve been doing....but it wasn’t really like that. It was: I bought this small gallery, bought a bigger one, and gradually it became something of this scale. It’s become a lot more serious endeavour than I intended it to be. There’s a bit of thumbing my nose at the establishment and trying to bypass academia, but mainly I just wanted it to be a bit of fun. And it is. And it will be."

"The gambling is all a computer thing that is going on right now".

Website

Museum of Old and New Art

Queensland: Cairns Reef Hotel Casino Poised To Raise Big Bucks For Flood Relief On Australia Day...

Punters, let's all spare a thought for those who have been attacked by the floods on Australia Day. Numerous events are being planed around Australia, from 'Sound Relief' to and initiative from the Cairns Reef Hotel Casino 'Bring on the Sun' It will be one of the biggest events on the Australia Day calendar for the city and all funds raised will go to the Premier’s Flood Relief Appeal. There's a good old fashioned sausage sizzle, competitions and female performers including the Marlins’ cheer squad. "The whole idea is slanted towards the female performer," entertainment manager Bruce Stewart said. "We’ve got an eclectic blend of female artists coming to perform as well." Cazalys, El Mundo Tapas Bar and the Marlin Coast Bowls Club will also host events to raise money for flood victims. Cairns Regional Council will hold events across the region, including the ever-popular celebrations on the Esplanade. Mayor Val Schier said the council was expecting a good attendance as usual with residents keen to get outside and celebrate our sunburnt country in the green and gold. "Even last year when it poured, a huge number of people came to the Aussie breakfast; we expect the same will happen this year, rain, hail or shine. It is one of those days where people can come together as a community and help celebrate why it is great to be an Australian. We live in a fantastic country and it is good for people to get out and enjoy it." Pubs and clubs will also get into the Aussie spirit with a number of activities on offer. Paradise Palms Resort and Country Club has a patriotic, fun-filled day planned with activities that pay homage to Australia’s heritage such as the much-anticipated pie-eating competition. "Everybody is welcome to come along and have some fun while tucking into our Aussie selection of meat pies, icy beers, lamingtons and classic Australian music by DJ Danny from Millennium Sounds," director of sales and marketing Darlene Holdsworth said.

Events

Join the celebrations

Paradise Palms Resort and Country Club Australia Day celebrations
What’s on: Australian menu served from noon in Restaurant 59, pie-eating and thong-throwing competitions start at 1.30pm. Pies, icy beers, lamingtons and classic Australian music on offer at the resort.
Time: 12pm. Entry free.

Bring on the Sun at Cairns Reef Hotel Casino
What’s on: Entertainment, sausage sizzle, raffles, jumping castle and more with all proceeds going to the Premier’s Flood Relief Appeal.
Time: 2pm. Entry free.

Shane Warne And Poker Mates Get VIP Star Treatment At Australian Open Tennis Sunday Night...

The spinner got there at 8pm hoping to get star VIP treatment for 14 of his closest mates. In the mix was was Joe Hachem, who he had earlier caught up with at the launch of the Aussie Millions Poker Tournament at Crown Casino. Warne requested an escort (no, not that type silly) when he arrived and posed mostly for photographs with his sunglasses on. He also spent time in Andy Roddick's player's box during his loss to Swissman Stanislas Wawrinka. It been a big couple of days for "poker her" for the legend, playing rendezvous with Liz Hurley in LA. He is expected to play in the second round of the poker tournament and could face off against Gary Ablett Jr and Jeff Fenech tomorrow. Blett made it through to the second round.

Australian Financial Review Goes Gaga For Lady Gaga; Gets Facts Wrong (We Think)...

It took us a few months of going through newspapers but we finally found the AFR to make a slip up, and its a doozy....An article reads "the complex will have a few upmarket bars, including one on the roof, and an events theatre to house live acts – think Lady Gaga – as well as awards nights." With Gaga's level of popularity she would require a much larger venue than Star City. Earlier this year, she - they played two concerts at the Sydney Entertainment Centre, capacity 12,000 or thereabouts. Do the math.

Australia's Kylie Minogue To Do The Colosseum At Caesars Palace Las Vegas: Aphrodite Live...

Mark is down Kylie fans the word over. She's doing Ceasers Sunday May 22, 2011 8pm

Melbourne: Aussie Joker Comedian Performs At Packer's Crown; Raises Cash For Flood Relief...

Melbourne folks at Crown Casino recently enjoyed 'The Jokers Comedy That Rocks' at Crown Casino. James Packer's casino donated all proceeds from last Friday night’s show to Queensland flood victims. Organiser William Leitch has happy with the way things went and showcased an evening with some of the city’s top stand-up artists, including Brad Oakes, Christine Basil and Greg Fleet. It's understood he got close to 150 people to come along, and he may be invited back on upcoming Friday nights.

Top 100 ASX Listed Companies Respond To Flood Cry For Help; Gambling And Gaming Industry Steps Up; Mining Firms and Banking Bastards Lead Charge...

1. BHP Billiton: $1.3 million (in addition, matching employee donations)

2. CBA: $1.35 million

3. Westpac: $1 million

4. ANZ: $1 million

5. NAB: $1 million

6. News Corp: $500,000 and Blue Ribbon campaign

7. Rio Tinto: $1 million ($700,000 to Premier Relief, $300,000 to Emerald community)

8. Wesfarmers: $7.5 million (plus $3.5 million from Coles customers)

9. Telstra Corp: up to $1 million by matching staff contributions (so far $338,000; is also supplying phones and free calls to people affected)

10. Woolside Petroleum: $122,395 (corporate + employees)

11. Woolworths: $6.9 million (matching customer donations in Woolies, Big W, Dick Smith dollar for dollar)

14. Fortescue Metals: Matching staff donations dollar for dollar

15. CSL: $250,000

16. QBE Insurance: not releasing a statement

17. Origin energy: $1 million

18. Macquarie Group: $200,000 (combined staff and company effort with fundraising activities continuing both here and overseas)

19. AXA Asia Pacific: No response

20. Santos: $500,000 plus use of helicopters and vehicles for clean up. Also $50,000 for flooding in WA

21. Coal and Allied Industries: (see Rio Tinto)

22. AMP: $250,000 + matching employee contributions to WA flood appeal up to $250,000

23. Suncorp Group: $100,000 (staff and customers have donated $1.5million)

24. Foster's Group: $500,000

25. Brambles: No response

26. Leighton Holdings: No response

27. Orica: No response

28. Oil Search: No response

29. Stockland: Donated $250,000 to the Premier's flood relief appeal, another $30,000 to the Mayoress Rockhampton regional flood appeal and are matching employee donations dollar for dollar

30. Coca. Cola Amatil: No response

31. Amcor: No response

32. Westfield Retail Trust: No response

33. IAG: No response

39. Crown: Donation tins in Crown complexes and have committed to matching all donations as well as staff contributions

52. Tabcorp Holdings: $1 million

78. Tatts Group: Going to run a dedicated lottery for the Queensland flood appeal where all profits will go to the Premier's Flood Appeal. They ran the same thing in Victoria after the Black Saturday bushfires. It will run on Wednesday 2 Feb in Queensland and is expected to raise $200,000. In addition, another donation will be made from the unclaimed prizes fund of an as. yet undecided amount

79. Fairfax Media: Matching staff donations

100. Seek: Reported it had made a donation to the Premier's Flood Appeal but chose not to disclose how much

Brisbane: Flood Relief Money Gets Spend On Pokies, Vice - Piss Up At Pubs...

It's been reported in a number of Queensland newspapers that the $1000 flood relief grants that went to many good folks in Granville are being used to feed slots and buy piss (beer) rather than food and necessities. Two Maryborough publicans say that in some instances the answer to that is yes, and they are disgusted. One of the publicans was so incensed by the misuse of flood relief money she telephoned Fairfax Media to complain. "A man came in bragging about how he’d got the $1000 payout because he told Centrelink he was stuck in Granville – but he was here the whole time. It makes me sick that people are openly admitting they’ve got the money for nothing, while there are people who’ve died or lost everything." She said Centrelink should have screened the applications more carefully to make sure only people who were genuinely in need received the cash. Another pub owner said his one armed bandits had not stopped buzzing since the grants became available. "We were quiet during the actual floods but this week’s been totally different. The pokies and the bottle shop have been going non-stop." Yeah, Aussie continue to love a punt, rain, hail, shine or flood!

Aussie Millions Game 8 Results...

The London based chap took down the $1,100 8 game mixed event title at Crown Casino in Melbourne adding AUD$23,800 to his almost $1.2 million in career tournament earnings. He entered the final table as the short stack, but managed to grind his way to victory and nudge away Australia's Bruno Portaro for the victory. The event marked Ashby's 8th final table appearance at the Aussie Millions that includes a side-event win back in 2005 and a seventh-place finish in the main event in 2009. Ashby also won his first WSOP bracelet this summer in the $1,500 7 Card Stud event and went well in the $10k H.O.R.S.E. for his biggest career score of $378,027. The 2011 Aussie Millions $1,100 8-Game Mixed event drew 68-players and paid the final 7.

Here are the results:
1 Richard Ashby AUD$23,800
2 Bruno Portaro AUD$16,320
3 Casey Kastle AUD$10,880
4 Daniel Ospina AUD$6,800
5 Oliver Gill AUD$4,760
6 Dane Coltman AUD$3,400
7 Paul Ravesi AUD$2,040

Aussie Main Event Day 1b: PartyPoker And Full Tilt Poker Players Feel The Pain...

PartyGaming's PartyPoker and Full Tilt Poker's powers that be likely won't be celebrating. Ok, they got news coverage and exposure, but its because their players are out. Yep, history maties. Full Tilt went well on Day 1a but Day 1b was rooted. Many of the big name pros went down for the count as locals stepped up. 209 players entered the Crown Poker room but after 7 levels of play, 80 remained. David Oppenheim, Annette Obrestad, Carlos Mortensen, David Benyamine, Andrew Feldman, Steve Yea, Andy Bloch and Gus Hansen were some of the Full Tilt players who died. Other casualties included Luke Santo, Raj Ramakrishnan, George Moussa, Michael Pedley, Graeme Putt, Martin Comer, Dennis Huntly, Jamie Pickering, Bruno Portaro, Casey Kastle, Ben Savage and Tim Marsters. 2005 World Champion Joe Hachem (tweeting he struggled with jetlag following a recent trip to the PokerStars Caribbean Adventure.) Defending champ, 2010 Aussie Millions Main Event winner Tyron Krost (PartyGaming's PartyPoker pro went down too). A new champ will be crowned in 2011 with plenty of Aussies still in contention. The field kicked off with Jeff Rossier in the lead with 154,900, closely followed by Michael Ottobra (143,400) and Martin Drewe, After winning the Opening Event last week and going deep in another event, Drewe is now set in the chip leaders in the Main Event after getting to 136,100. Jay “SEABEAST” Kinkade did nicely with 128,700, Haibo Chu (113,900), Manny Stavropoulos (85,600), Sorel Mizzi (74,400), Michael Egan (61,100), Kent Hunter (56,400), Jeff Lisandro (55,000), Eric Assadourian (50,300), Scott Montgomery (49,200), Chris Ferguson (45,400), Lee Nelson (30,200), Neil Channing (28,800), Roland de Wolfe (26,100), Aleks Brkovic (24,600), Jackie Glazier (21,900), Grant Levy (18,300), Gary Benson (10,500) and Mel Judah (7,200) amongst those who will return on Day 2. The 3rd and final flight of the 2011 Aussie Millions Main will commence Tuesday with another strong field and a few big names expected. Even Van Marcus will front up. Van, is your Red Ferrari safe this time mate? We're looking for more good fodder to write about. How about do a publicity stunt and make world wide headlines ago. Maybe someone at Crown Casino - Crown Limited might be open to it. Stanger things have happened... like Ferrari's getting stolen on site, casino fights and a man getting stuck in the Crown Casino kitchen grease vacuum.

Aussie Millions Event #9 Day 1b: Rossiter In Front...

It was down to business with players investing AUD$10,600 to buy in all with the goal of becoming the 2011 Aussie Millions Champion. 7 seven levels of play, and the 209-player field went to 80. Jeff Rossiter is in front with 154,900. Martin Drewe, 2011 Aussie Millions Event #1 winner with 136,100 - now 3rd on the leaderboard. Australian Jay Kinkade is on 128,700, and European Poker Tour mainstay Jeff Sarwer sits 5th with 120,500. Randy "nanonoko" Lew has 110,000 and Gavin Griffin 101,700 in 9th ninth and 10th place. Sorel Mizzi, Jeffrey Lisandro, Eric Assadourian, Team Full Tilt's Chris Ferguson, Full Tilt Poker Red Pros Scott Montgomery and Roland de Wolfe, Neil Channing, and Lee Nelson have also all made it to Wednesday's Day 2, but it was touch and go for some of them, testing the skill VS luck debate. Full Tilt Poker $25,000 Shootout Invitational winner David Oppenheim, Annette Obrestad, Carlos Mortensen, Andy Bloch, David Benyamine, Andrew Feldman, Gus Hansen, Joe Hachem, and David Steicke all had to say goodnight nurse. PartyGaming's - PartyPoker Tyron Krost was eliminated in a hand VS Gavin Griffin where his Ace-Queen couldn't best Griffin's Aces. The 3rd and final Day 1 flight commences Tuesday in Melbourne, Australia at 12:30 p.m. local time.

Getting board of poker yet? If so, try your luck er skill at Baccarat or Craps. If your more into luck, check out the slots like Cleopatra, Sinatra, Rambo, Goanna Gold and The Terminator. Rumour goes PartyGaming also have, or will soon get, a World Poker Tour themed online slot game. We recommend punters open an account with PartyCasino, PartyGaming and World Poker Tour, just to have all based covered. Party appears to still be the most popular online casino brand in Australia despite big efforts by the likes of 888. Marvel slot games are forecast to be some of the most popular of this year with Captain America and Thor tipped to hit Australia cinema's this year, with Spider-Man also getting a remake. Whatever your casino game of choice, good luck, and let us know how you go guys and girls. Spin to win.

Take the time to research and learn games before placing down money

Media Man, Casino News Media and Gambling911 are website portals. Not casinos as such, however are recognised as world leading websites that cover the sector and act as central points to games, news, reviews and more.

Readers... er, punters, how did you like our report? Tell us in the forum.

If you have a bet, please bet with your head, not over it, and for God's sake, have fun.

*Greg Tingle is a special contributor for Gambling911

*Media Man is primarily a media, publicity and internet portal development company. Gaming is just one of a dozen sectors covered

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