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Singapore is launching a large-scale program to become the main hub for gold trading in Asia. Six of the world's largest banks have backed the idea, joining the creation of a new clearing system for physical gold stored on the island. In doing so, Singapore is entering into direct competition with Hong Kong, where its own clearing for the leading precious metal is planned for July. On Monday, June 15, the Deputy Prime Minister

BitMine Immersion Technologies, the largest public holder of Ether, last week bought an additional 76,881 ETH worth more than $135 million, bringing the total amount of the asset in its reserve to 5,620,754 coins. Their total value now stands at about $10 billion. Thanks to this purchase, the company has moved closer to the goal of its "Alchemy of 5%" plan — to capture 5% of […]

Strategy acquired 1,587 BTC for about $100 million between June 8 and 14, bringing its holdings to 846,842 BTC. In parallel, the largest corporate holder of Ethereum (ETH), BitMine, increased its position by 76,881 ETH over the week. Both companies continue to build up their cryptocurrency reserves amid the troubles in the crypto market. Strategy remains the largest corporate holder of Bitcoin

Elon Musk says that to become a quadrillionaire you need factories on the Moon and Mars, and suggests that by then dollars will no longer matter.

The new business week on global markets began with a drop in oil prices. Fortunately for investors, tensions in the Middle East are gradually easing. As a result, quotes for Brent and WTI headed downward. By contrast, stock futures posted confident gains. At the same time, the yield on U.S. Treasury bonds fell after a recent surge. The dollar's exchange rate also went into decline.