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There is no respite for the US dollar in the currency markets as the DXY index is only heading south. The DXY index, which measures the performance of the US dollar is now at the 99 level. It briefly touched 100 early this month but failed to hold on to its resistance level. The greenback has never been this weak for 12 years and is only losing steam against local currencies. Also Read: Warren Buffett’s $330B Portfolio Holds 58% in Just 4 Power Stocks Source: MarketWatch Leading local currencies are having an upper hand in the forex markets and racing ahead of the USD. The US dollar had touched a high of 109.40 this year but quickly slipped below the 100 level in the currency markets. Federal Reserve Governor Christopher Waller said to Fox Business that reducing tariffs to 10% could push the markets on the right track. “If we can get the tariffs down close to the 10% and then that’s all sealed, done, and delivered somewhere by July, then we’re in good shape for the sec...

The US has charged 16 alleged creators of a malware-as-a-service bot that is capable of stealing crypto wallet credentials and has been used by Russian cybercriminals to cause $50 million worth of damage. A 2022 Grand Jury indictment, unsealed yesterday, details how DanaBot admins allegedly leased the bot to criminals for thousands of dollars. If a computer became infected with its malware, it could be used to track keystrokes, siphon crypto wallet data, and record computer sessions.  DanaBot reportedly infected over 300,000 computers across the globe. However, the DanaBot defendants also infected their own PCs with their malware both deliberately and accidentally. “The inadvertent infections often resulted in sensitive and compromising data being stolen from the actor’s computer by the malware and stored on the DanaBot servers, including data that helped identify members of the DanaBot organization,” the complaint reads. SUI loses $1B in market cap, liquidity po...

The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep a 1:1 peg to the US dollar, launched in March and recently formed a partnership with the decentralized oracle provider Chainlink (LINK), allowing it to be seamlessly transferred over numerous blockchains. The collaboration allows the stablecoin to be used over Chainlink’s Cross-Chain Interoperability Protocol (CCIP), an interoperability protocol launc...

Veteran trader Peter Brandt has projected that with Bitcoin (BTC) hitting a new all-time high, the asset’s technical setup is likely positioning it for a rally of up to 35% in August. Brandt, who boasts over four decades of trading experience, suggested that the current formation could see the leading cryptocurrency trading at $125,000, or even $150,000, this August, according to his X post on May 21. Bitcoin price analysis chart. Source: Peter Brandt His Analysis highlighted Bitcoin’s breakout from a bull flag pattern after retesting the $102,400 level. The asset also recently confirmed an inverse head-and-shoulders breakout on the weekly chart, strengthening the long-term bullish case.  Previous consolidation patterns, like a symmetrical triangle and double-top retest, have also resolved upward.  With a steady trend of higher highs and higher lows, Bitcoin has entered record territory, which Brandt sees as a natural progression in an ongoing bull cy...

US President Donald Trump is looking to hit BRICS member India where it hurts them the most, which is the remittance tax. The new tax proposal by the House Republicans could impact a significant number of Non-Resident Indians (NRIs), as the bill aims to levy a 5% tax on remittances sent to India from the US. Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies The bill was first introduced last Monday, where international transfers from non-citizens to BRICS country India will face a 5% tax. The bill, if passed, will affect workers who send money back to their families in India. The 5% tax will be used to help fund tax breaks and also tighten border security measures. Also Read: BRICS: Tanzania Officially Bans the US Dollar 5% Remittance Tax Could Soon Hit BRICS Member India Source: Forbes / GettyImages Trump has publicly called the legislation “great” and “one big beautiful bill” is also ensuring that Republicans pass the legislation. The 5% tax on remit...

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The US dollar’s dominance in global trade has seen a steady decline over the last decade. Many nations have opted for local currencies for mutual trade. The BRICS bloc of nations has particularly pushed for de-dollarization. BRICS is comprised of Brazil, Russia, India, China, South Africa, and a few more member states. China has single-handedly propelled the idea of ditching the US dollar for alternative currencies. Albeit the CCP will likely not accept any other currency than the yuan. Also Read: Goldman Sachs: MAG7 Hits 7-Year Low Amid AI, Trade & Antitrust Fears CBDCs And China’s CIPS Further Push For De-Dollarization Source: Watcher Guru Also Read: $1,000 in Shiba Inu & XRP: Which Will Give Better Returns in 2030? A majority of global central banks are working on CBDC (Central Bank Digital Currency) pilot programs. According to reports, around 130 countries (93% of central banks) are exploring CBDCs to enhance cross-border payment efficiency. An efficient and working CBD...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Investing $1000 in PEPE could yield impressive returns by July 2025, according to the latest projections from crypto analysts. Pepe has a promising outlook with the current upward trend. Right now, the memecoin is showing some really strong momentum in the market, and many experts believe it could deliver substantial profits in the coming months. The interest in PEPE $1000 July 2025 investments continues to grow. Also Read: New US Sanctions on 30+ Chinese Firms Spike Supply Chain Risks for Stocks Will PEPE Deliver 372% ROI or Crash Before July 2025? Source: Watcher Guru Market Position and Price Targets At the time of writing, PEPE is trading at about $0.00001352, and the technical indicators seem quite favorable for future growth. The Fear & Greed Index currently sits at 70, which puts it firmly in the “Greed” territory. People investing $1000 right now could have excellent returns by July 2025. Investing with the focus on Pepe $1000 July 2025 could be strategic. Interestin...