Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Pudgy Penguins, rising 478%.
Bitcoin fell for the first time in four days, reports Bloomberg, with speculative bets being pared across the financial markets after Federal Reserve officials suggested greater caution over how quickly they can continue reducing borrowing costs. Bitcoin fell as much as 5.3% to $100,000 after reaching $108,000 for the first time this year.
Hyperliquid, the decentralized perpetual trading platform and Layer 1 blockchain, has seen over $1 billion worth of USDC net inflows into the chain since the launch of its native token Hype, according to blockchain analytics firm Spot on Chain. The platform’s deposit bridge currently holds over $2.1 billion worth of USDC stablecoin, Bloomberg reports.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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