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The absence of a fair trade truce, which involves China loosening its purse strings and easing restrictions on rare earths while still facing US restrictions, raises doubts about the sustainability of any verbal agreements. Magnet sales to the US reportedly reached a nine-month high of 656 tons in October after slumping below 50 tons in May, setting the stage for positive talks. The Kobeissi Letter reported on President Xi’s comments about the call, stating: “China’s President Xi says US-China trade relations maintained positive momentum after his call with President Trump this morning. Xi also adds that the US and China…

Key Takeaways Ethereum’s December Fusaka upgrade could significantly increase network revenue, says Bitwise CIO. Hougan highlighted UNI and XRP as examples of a shift to more economically empowered token designs. Analysts warn of further downturn in the crypto market. Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, says an overlooked technical upgrade coming to Ethereum in December could help position the token to lead a broader crypto rebound in 2026. In a series of X posts this weekend, Hougan argued that investors are missing the significance of fast-advancing “value capture” mechanisms across major digital assets, including ETH, UNI and XRP,…

A crypto airdrop farmer lost more than $112,000 in newly issued tokens after burning the entire reward on failed blockchain transactions.In crypto, a professional airdrop farmer (or squatter) is an entity that interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards.The cryptocurrency wallet “0x7f4” received approximately $112,700 worth of Monad (MON) tokens as a reward for their previous activity leading up to the launch.In an unfortunate turn of events, the trader lost their entire $112,000 across hundreds of failed blockchain transactions, which all deducted gas fees despite not being completed, according to…

The S&P 500 Index ($SPX) (SPY) on Monday closed up by +1.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +2.62%.  December E-mini S&P futures (ESZ25) rose +1.56%, and December E-mini Nasdaq futures (NQZ25) rose +2.64%.US stock indexes rallied sharply on Monday due to strength in technology stocks and rising expectations for a December Fed interest rate cut.  Semiconductor and AI-infrastructure stocks extended last Friday’s rebound after the sectors retreated on concerns over lofty valuations and whether heavy investment in artificial intelligence will boost profitability.  Also, the strength of the Magnificent…

Bitkub, one of Thailand’s largest cryptocurrency exchanges, is reportedly considering an initial public offering (IPO) abroad amid a downturn in the local stock market.Bitkub is planning to raise $200 million as part of its potential IPO in Hong Kong, Bloomberg reported on Monday, citing anonymous sources familiar with the matter.Founded in 2018, Bitkub is the largest crypto exchange in Thailand, trading around $66 million daily, according to CoinGecko data.The exchange previously considered an IPO in Thailand, targeting a public launch in 2025, which has reportedly been stalled with volatility and uncertainty on the Thai stock market.Thailand’s benchmark index fell to…

Soybeans are trading with firmer action on Friday, with contracts within a penny of unchanged.  The cmdtyView national average Cash Bean price is up 1/2 cent at $10.50 1/2. Soymeal futures are back down steady to 50 cents higher, with Soy Oil futures 35 to 42 points lower. World soybean production was trimmed by 2 MMT according to International Grains Council data, with consumption rising 1 MMT and ending stocks down 2 MMT to 77 MMT.  Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  Buenos Aires Grains Exchange data showed soybean planting progressing 12% on…

Crypto Dispensers, a Chicago-based operator of Bitcoin ATMs, is considering a potential $100 million sale as its founder faces federal money laundering charges. In a Friday press release, the company announced that it has hired advisors to conduct a “strategic review” and explore buyer interest. Crypto Dispensers mentioned its 2020 shift away from physical ATMs toward a software-driven model, a transition it says was meant to address rising fraud, compliance pressure and regulatory scrutiny.CEO Firas Isa described the sale review as part of the firm’s next growth phase. “Hardware showed us the ceiling. Software showed us the scale,” he said.The…

The dollar index (DXY00) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%.  The dollar found support on Friday’s hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady.  In addition, an upward revision to the University of Michigan US Nov consumer sentiment index was bullish for the dollar.The dollar had early support on Friday from weakness in equity markets, but the support faded as stocks rebounded.  The dollar also came under pressure Friday on dovish comments from New York…

ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) expanding their exposure, according to trade notifications for Friday. Combined, these buys amounted to about $2 million, following Bullish’s 5.75% gain on the day. ARK also continued accumulating BitMine, with purchases across ARKF, ARKK and ARKW totaling approximately $830,000. BitMine closed slightly lower…

Furthermore, for decision makers responsible for steering the US economy – whether through monetary or fiscal policy – such data delays confound and undermine the quality of policymaking. The November employment report is to be published only on 16 December, more than a week later than originally scheduled, and not until after the next Federal Reserve decision on 10 December. The Belated September Jobs Report Suggests a Slightly Stronger Labour Market Than Many Assumed The belated release of the September jobs report on Thursday did give one a delayed sketch of the state of the economy two months ago before…