Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The world’s leading cryptocurrency, Bitcoin, climbed nearly 1% to surpass its previous record, with Ether also hitting its highest level since late 2021.
Analysts attribute the rally to the growing likelihood of Federal Reserve rate cuts, steady institutional buying, and recent U.S. regulatory reforms easing crypto investments.
A recent executive order allows crypto assets in 401(k) retirement accounts, signalling a more supportive environment for digital assets.
During 2025, the sector has seen multiple regulatory victories, including stablecoin rules and updates from the U.S. securities regulator to accommodate the growing market.
These developments have helped the crypto market’s total capitalization soar to more than $4 trillion, up from $2.5 trillion after the 2024 U.S. presidential election.
While this growth benefits companies such as BlackRock and Fidelity, which manage crypto ETFs, experts caution that the asset class remains more volatile than traditional investments, posing risks for retirement accounts.
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Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of August, covering the latest developments.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
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Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
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