12 Aug 2025, 05:05

Asian shares edged up while dollar held its gains

Asian stocks rose Tuesday after President Donald Trump pushed back a scheduled increase in tariffs on Chinese goods by roughly three months, easing near-term trade pressure but keeping investors focused on what comes next. Japan outperformed as the Nikkei 225 jumped 2.6% to 42,942.14, a new record. Blue-chip stocks were firm, Toyota Motor Corp. rose 3.3%, while others also advanced. In contrast, Hong Kong’s Hang Seng eased almost 0.2% to 24,865.07. On the mainland, the Shanghai Composite inched 0.3% higher to 3,658.62. Gains followed a Monday executive order from Trump that temporarily halted escalation between the world’s two biggest economies, creating a window for broader talks. Without the delay, duties on Chinese imports could have risen from an already steep 30%. Beijing indicated it would mirror Washington’s extension by postponing its own tariff increases on U.S. goods. The extra time offers negotiators space to pursue a deal with Trump, yet businesses still face the planning uncertainty that has marked the conflict’s latest phase. “The extension isn’t about goodwill; it’s about keeping oxygen in the room for deals that matter,” Stephen Innes of SPI Asset Management said in a commentary. Across Asia-Pacific , Australia’s S&P/ASX 200 was essentially flat, up less than 0.1% at 8,852.80, while South Korea’s Kospi rose 0.6% to 3,227.10. US stocks dipped on Monday In the U.S., stocks dipped Monday as investors awaited new inflation figures. The S&P 500 fell 0.3% to 6,373.45 after lingering near its record from two weeks earlier. The Dow declined 0.5% to 43,975.09, and the Nasdaq lost 0.3% to 21,385.40. The week’s marquee U.S. release arrives Tuesday with July’s consumer price index. Economists expect a 2.8% year-over-year rise in prices, above June’s 2.7%. Currencies were calm ahead of the data. The dollar retained recent strength as traders weighed how the CPI could shape expectations for future Federal Reserve rate cuts. The Australian dollar was little moved in the run-up to the Reserve Bank of Australia’s decision. Dollar is holding gains The dollar index , a gauge versus six currencies including the euro and yen, was at 98.497 at 0046 GMT after a two-session gain of 0.5%. Earlier, the greenback had retreated as markets responded to Trump’s dovish-leaning pick for a Fed governor and to like-minded names for the chair, nudging bets toward more easing. On Tuesday, the dollar ticked up 0.1% to ¥148.28, while the euro held near $1.1615. Traders largely took the tariff move in stride, having broadly expected a three-month extension. As Washington and Beijing seek to avert triple-digit import duties, a U.S. official told Reuters that chip makers Nvidia and AMD agreed to allocate 15% of China-related sales revenue to the U.S. government in exchange for export licenses for certain semiconductors. The report underscored how trade and tech policy remain intertwined despite the truce. For the moment, the delay in higher tariffs afforded equities some relief, even as focus turned to the inflation print and to whether talks can convert the pause into something more durable. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

12 Aug 2025, 05:00

Is Bitcoin a ‘perfect asset’ with a catch? Willy Woo has this to say about the risk…

Institutional Bitcoin holdings have been surging, but could the treasury boom be setting the stage for a bubble?

12 Aug 2025, 04:30

Malaysia Central Bank Paper Sparks Debate by Naming XRP and BTC as Monetary Alternatives

A recent working paper from the Central Bank of Malaysia has identified XRP and bitcoin as potential alternatives to traditional monetary and payment systems. Digital Assets Could Replace Bank Deposits A recent working paper from the Central Bank of Malaysia (CBM) has identified XRP alongside bitcoin ( BTC) as potential “alternatives to the current monetary

12 Aug 2025, 04:24

Sharp 7% Drop Sends DOGE Toward 22-Cents Support on High-Volume Selloff

Technical Analysis Overview DOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a major resistance level. Buyers step in at $0.226 during the 11:00 session, generating 793.38M in volume. Secondary resistance forms at $0.231 as multiple rally attempts fail. Final-hour trade sees DOGE range-bound between $0.2247-$0.2253 with volume compression, suggesting potential seller exhaustion. News Background The selloff comes amid broader weakness in digital assets, with regulatory uncertainty and global trade tensions weighing on risk sentiment. Major economies are escalating tariff disputes, pressuring multinational supply chains, while central banks signal potential policy shifts — a mix that has prompted institutional de-risking across crypto holdings. Price Action Summary • DOGE declines 6.88% from $0.24 to $0.22 in August 11 01:00–August 12 00:00 window • $0.238 resistance locked in after 07:00 selling climax on 485.69M volume • $0.226 support sees 793.38M in buy-side flows; $0.231 secondary resistance caps rebounds • Final hour trades in tight $0.2247-$0.2253 range with falling volume Market Analysis and Economic Factors Whale and institutional profit-taking at $0.238 resistance set the tone for the session, triggering a breakdown below $0.23 and forcing retests of $0.226. Support buying was evident on two major volume spikes (11:00 and 21:00), but repeated rejections near $0.231 kept DOGE pinned. With volume thinning at session lows, the structure hints at possible base-building — though macro headwinds could see $0.22 tested again. Technical Indicators Analysis • Resistance: $0.238 (high-volume rejection), $0.231 (secondary cap) • Support: $0.226 initial defense, $0.2247-$0.2249 intraday floor • 24-hour range: $0.019 (7.89% volatility) • Volume compression near lows signals possible seller fatigue • Multiple failed breakouts above $0.231 confirm supply zone overhead What Traders Are Watching • Retest of $0.22 and whether buyer flows reappear at key support • Breakout attempts above $0.231 as a first step toward recovery • Impact of macro headlines on broader meme coin sentiment • Signs of renewed whale accumulation after selling climax

12 Aug 2025, 04:16

Safety Shot Explores Memecoin Treasury Strategy with Bonk Amid Investor Concerns Over Stock Decline

Safety Shot, a wellness drinks maker, has announced a $25 million investment in the Bonk memecoin, leading to a 50% drop in its stock price. Safety Shot’s stock fell over

12 Aug 2025, 04:12

Nasdaq-listed firm slumps 50% on BONK memecoin treasury play

Wellness drinks maker Safety Shot has made a bold shift into a memecoin treasury strategy, but shareholders were not impressed.