Morgan Stanley has cut its oil forecast for the second time in two weeks, as oil flow through the Strait of Hormuz recovered faster than expected, while strong U.S. supply and weak Chinese demand have heightened concerns over oil oversupply. Analysts including Martijn Rats noted in a report that Brent crude oil—the benchmark for spot […]

On Tuesday, SpaceX’s stock rose for the third consecutive day, surpassing Amazon in market value to become the fifth-largest publicly traded company globally. The stock closed up 4.8%, reaching a market capitalization of $2.65 trillion—about $8 billion more than Amazon. At one point during trading, the rocket and artificial intelligence company owned by Elon Musk […]

According to President Donald Trump’s latest annual financial disclosure, he expects to earn at least $1.4 billion from cryptocurrency and meme coin-related ventures by 2025. Trump reported earning over $594 million from sales of the cryptocurrency company World Liberty Financial, whose co-founders include Trump himself, his sons, and Steven W. Witkoff, a senior diplomat in […]

The yen fell to its lowest level against the dollar since 1986, a milestone that is likely to spark unease in Japan and heighten traders’ vigilance over potential market intervention by authorities. In overnight New York trading, the yen weakened below 161.95 against the dollar, breaking through the low point reached in July 2024 during […]

Richmond Federal Reserve Bank President Tom Barkin warned that inflation is too high, but he sees some early signs that price pressures may ease soon. “These numbers are too high,” Ba Jin said in an interview with Bloomberg on Sunday during the Aspen Ideas Festival in Aspen, Colorado. A report released on Thursday showed that […]

New York Federal Reserve Bank President John Williams said interest rates are in a favorable position to bring inflation back to the central bank’s target level. Williams stated in a speech prepared for an event scheduled to take place Thursday in Jersey City: “Given persistently high inflation, we must continue working to bring inflation back […]

Bitcoin has spent years trying to shed its reputation as a playground for speculative retail investors. The recent sell-off has exposed the trade-off: Wall Street brought scale and legitimacy, but the retail buyers who once helped Bitcoin absorb sharp declines have largely disappeared. On Wednesday, the original cryptocurrency dropped 5.4% to $59,023, its smallest decline […]

比特币多年来一直试图摆脱其作为投机散户乐园的恶名。最近的抛售潮暴露了其中的权衡：华尔街带来了规模和合法性，但曾经帮助比特币吸收大幅下跌的散户买家却大多消失了。 周三，原始加密货币下跌了5.4%，至59023美元，这是自2024年10月以来的最小跌幅。这比10月份创下的历史高点下跌了约50%。 德意志银行指出，此次加密货币抛售潮与以往不同，因为新增散户买家数量已基本枯竭，而机构需求也开始减弱。许多投资者并未撤出加密货币市场，而是转向人工智能相关投资，从而将资金从数字资产领域撤出。 “边际买家不再是散户投资者，而是ETF配置者或企业财务部门——而且，越来越多的这类投资者正在权衡比特币与人工智能的价值，”该银行的研究分析师马里恩·拉布雷表示。“当这些参与者撤资或转向其他资产时，比特币的下跌速度更快，也更机械化，这与以往散户主导的周期相比更加明显。” 此次轮动正值美联储采取更为鹰派的立场之际，一些经济学家目前预计今年还将加息两次。这一转变有可能逆转近年来支撑风险资产的流动性顺风。 拉布雷指出，投资者已从追踪比特币的交易所交易基金（ETF）中撤出超过60亿美元，这是自2024年以来最长的连跌纪录。她补充说，ETF需求已成为比特币价格走势的关键驱动因素，这意味着资金流出现在会加剧下跌，就像资金流入以前会推动上涨一样。 这种转变也改变了市场对坏消息的反应方式。Strategy Inc.本月早些时候披露出售了32枚比特币——这是该公司自2022年以来的首次抛售——这再次引发了人们的担忧：高杠杆企业股东最终可能会从买家变成卖家。虽然这笔交易相对于该公司的持仓而言微不足道，但它具有象征意义。 即使该公司此后已恢复采购，德意志银行表示，这一事件凸显了市场对机构行为日益增长的敏感性。 她表示：“比特币目前的交易价格低于该策略的平均成本75,699美元，市场已经开始消化杠杆企业持有者被迫抛售的可能性。我们预计这个问题还会持续存在。” 该银行还指出，从加密货币领域撤出的资金正越来越多地找到新的归宿，而不是袖手旁观。预计美国最大的超大规模数据中心运营商今年将在人工智能基础设施上投入超过7000亿美元。如果这种资金轮动被证实是结构性的而非暂时性的，那么对加密货币需求的拖累可能会持续比以往的经济低迷时期更长的时间。 她表示：“加密货币和成长型股票拥有相同的边际买家——寻求高波动性资产上涨收益的投资者——因此，当信心下降时，整个投资组合的风险也会同时降低。” 其结果是，比特币市场更多地受到投资组合配置的影响，而非散户热情。华尔街曾助力加密货币走向主流，但随着散户参与度的下降，价格越来越受到机构资金流动、宏观预期以及人工智能争夺投资者资金的影响，这使得当这些投资者撤离时，市场可能面临更大的风险。 Galaxy 数字资产全球联席主管Steve Kurz认为，上行催化剂是白宫方面可能出现的积极进展。 市场观察人士一直关注所谓的《清晰法案》，该法案将设立商品期货交易委员会作为加密货币行业大部分领域的主要监管机构，而证券交易委员会则保留对数字证券的监管权。 库尔兹表示：“目前华盛顿特区的局势非常注重策略，虽然每个人都喜欢对《清晰法案》之类的立法进行可能性评估，但现实是，各方确实有意推进这项法案，而且立法日程也已安排妥当。这两种现实正在发生冲突，因此，在此期间，局势很可能仍将高度注重策略。”

Jefferies said that UBS Group’s stock price could rise to its highest level since 2007, driven by the profitability of its wealth management and investment banking businesses. Analyst Joseph Dickson raised his price target to 60 Swiss francs, the highest among those tracked by Bloomberg, while maintaining a buy rating. The new target implies about […]

Japan’s large retail forex traders heeded government warnings and stopped betting on the yen’s depreciation, diverging from professional investors who continued to bet on further yen weakness. According to Bloomberg’s analysis of data from the Japan Financial Futures Association and the Tokyo Financial Exchange, individual investors’ average yen position has turned into a net long […]