Crypto World
Sugar Price Jumps 30% in 5 Weeks to Highest Since April 2025
The sugar price has climbed almost 30% in five weeks. It reached 18.15 cents per pound on Thursday, the highest level since April 2025.
The rally started on Aug. 3 from 13.97 cents. Three supply shocks have driven it, while speculative funds have amplified the move.
Why the Sugar Price Is Surging
Brazilian mills have switched cane away from sugar and into ethanol. Brent crude near $94 a barrel makes fuel the better payer, and the Hormuz closure keeps energy costs high. Mills entered the season less than half-hedged, so they moved quickly. Center-South sugar output fell 26.3% year over year in June, according to UNICA.
India has meanwhile turned buyer. New Delhi banned exports in May, then allowed 1 million tonnes of duty-free raw imports through Oct. 31. That is its first sizeable purchase since the 2017-18 season. Domestic prices hit a 16-year high, and the government capped bulk buyers at 15 days of stock.
Forecasters have also flipped the global balance. Green Pool projects a 3.2 million tonne deficit for 2026/27, while StoneX sees 1.7 million tonnes. Covrig Analytics and Czarnikow both expected surpluses in June.
Czarnikow now forecasts a second shortfall in 2027/28. A strong El Niño adds risk to Indian and Thai cane, a threat Goldman flagged in June.
Sugar Price Technical Analysis Eyes 19.48 Cents
The weekly chart tracks a retracement of the slide from 23.38 cents. Sugar broke above the 0.236 Fibonacci level at 15.58 cents in August, turning that band into potential support.
Price now sits at the 0.5 retracement at 18.28 cents. Thursday’s candle tagged 18.58 cents before easing back, so resistance has held on the first attempt.
A weekly close above 18.28 cents would expose the 0.618 retracement at 19.48 cents. That level coincides with the declining 200-week moving average, which reinforces it as resistance. The 0.786 level at 21.20 cents sits above.
On the downside, the 0.382 retracement at 17.08 cents offers first support. A deeper correction would retest 15.58 cents.
Volume has risen sharply over the past three weeks, which suggests conviction behind the breakout. The weekly RSI also sits at its highest reading since April 2023. Momentum, therefore, favors the commodities bulls for now.
Managed money held 207,100 net long contracts in late August, a two-year high, after sitting net short in May. However, crowded positioning could sharpen any reversal.
The post Sugar Price Jumps 30% in 5 Weeks to Highest Since April 2025 appeared first on BeInCrypto.
Nvidia (NVDA) on Thursday announced a deal to buy AI developer platform Hugging Face for $12.93 billion in the company’s largest acquisition. Nvidia stock rose a fraction. “Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide,” Nvidia Chief Executive Jensen Huang said in a blog post. “Hugging Face will…
Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
Arthur Hayes, the chief investment officer of crypto family office Maelstrom, said in an essay published Thursday that traders should stop paying attention to Fed Chair Kevin Warsh’s hawkish comments and instead watch the euro-yen exchange rate for early signs of fresh dollar liquidity.
He argued that mounting funding stress at French banks will eventually force the Federal Reserve to print money to keep the US repo market working, a dynamic he sees as bullish for Bitcoin and the wider crypto market.
Hayes Points to EUR/JPY as His Liquidity Gauge
Hayes said EUR/JPY, trading near 185 at the time of writing, will fall to 140 or lower by next June. He tied that forecast to Treasury Secretary Scott Bessent’s effort to weaken the euro and strengthen the currencies of US allies in Asia, meant to make American exports more competitive.
Rather than let Japan, South Korea, and Taiwan sell their dollar holdings outright, Hayes said the plan is to route that capital through the Fed’s FIMA repo facility, and he noted Bessent has already sold euros for yen through the Treasury’s Exchange Stabilization Fund.
The bigger risk, in his view, sits with French banks. He named BNP Paribas, Credit Agricole, and Societe Generale, which together handle roughly a fifth of US repo lending, and pointed to widening French government bond spreads and capital leaving French banks as signs that foreign lenders are pulling back.
If those banks retreat from repo lending, Hayes expects the New York Fed to lean harder on its RPM program, which already buys 39% of T-bill issuance, to keep the market funded.
That program has grown the balance sheet by about $22 billion a month since December, and Hayes said the pace could climb toward $100 billion if the Treasury steps up long-end bond purchases too.
He dismissed Warsh directly, writing, “I don’t pay attention to anything Warsh says.” Maelstrom’s portfolio, he added, keeps Bitcoin at its core long-term holding with year-end 2026 price targets of $10,000 for ETH and $0.50 for ENA.
A Hawkish Fed and a Choppy Bitcoin
Hayes’ essay comes about a week after Warsh’s hawkish Jackson Hole speech, which hit Bitcoin hard.
As CryptoPotato reported then, the OG cryptocurrency dropped by $3,000 within hours of that address, slipping under $77,000 after Warsh said the Fed’s 2% inflation target was “firm and fixed” and downplayed recent encouraging inflation data. Rate-hike odds for September then jumped from about a third to roughly 60% in the aftermath.
Bitcoin has stayed choppy since, with the asset turned away from $79,000 more than once before another leg down pushed it under $76,500, the lowest level in ten days, after renewed US-Iran strikes rattled markets.
However, at the time of writing, it had clawed its way back up and was trading closer to $78,000 than $77,000, pushing its gains over the last 30 days to almost 22%.
The post Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move appeared first on CryptoPotato.
Crypto World
Australia is cracking down on crypto businesses as its strict new regulatory deadline nears
Firms that miss the deadline could breach financial services law from Oct. 1 and face civil or criminal penalties.
Standard Chartered will now hand institutional clients real Bitcoin (BTC) and Ether (ETH) in the United Arab Emirates. Those clients receive the coins themselves, not a derivative that only tracks the price.
The bank announced the desk on Thursday through its Dubai arm. Only 29 lenders worldwide carry the too big to fail label. Just one of them now delivers coins.
Standard Chartered’s Bitcoin Desk Sits Inside a Too Big to Fail Bank
The Financial Stability Board names those 29 banks every year. Its 2025 list puts Standard Chartered in the lowest risk bucket, carrying a 1% capital surcharge.
JPMorgan sits three tiers above it. Citigroup and HSBC sit two. Standard Chartered says no rival G-SIB offers the same deliverable spot service.
The smallest of the systemic banks moved first, not the biggest. Deliverable may be the key word here, seeing as the client ends up holding Bitcoin. This means someone at the bank must move real coins and guard them.
The appeal is the fee stream. The bank earns on the spread, the settlement and the custody, rather than losing that revenue to crypto exchanges.
Why Dubai Got This Before New York
Standard Chartered built the Dubai stack in pieces. Custody came first, in September 2024, with hedge fund Brevan Howard Digital as its opening client.
Spot trading followed in London in July 2025. The bank then added USDC minting there in July 2026. Execution was the last gap.
Every step cleared the Dubai Financial Services Authority. All four launches happened in Dubai or London, never in the United States.
Rivals, meanwhile, are behind. Citi is still readying bitcoin custody, a service Standard Chartered has run for two years.
Banks are not chasing a rally. They are building while the price is low, for clients rich enough to qualify. Retail is nowhere on that list.
The post A ‘Too Big to Fail' Bank Is Now Delivering Actual Bitcoin and Ethereum to Institutions appeared first on BeInCrypto.
Kraken is joining SoFi’s settlement network and list SoFiUSD as the companies link traditional banking with crypto markets.
Futures for the Dow Jones Industrial Average and the other major stock indexes traded mixed Thursday, as Treasury yields cooled off from recent gains. Meanwhile, artificial intelligence stock Broadcom (AVGO) sold off on the stock market today after the company’s earnings report while Snowflake (SNOW) rocketed higher. Ahead of Thursday’s open, Dow futures rose 0.2%, while S&P 500 futures hovered…
Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
For investors seeking a high-yield real estate investment trust that can hold up even if the economy weakens, UMH Properties (UMH) looks like a strong candidate — and the stock is currently in a buy zone. Headquartered in Freehold, N.J., UMH is a REIT specializing in manufactured home communities. The company owns a portfolio of 145 communities with more than…
Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.
Edgar Su | Reuters
BEIJING — China has accused other G20 nations of “promoting protectionism,” after they criticized economies that rely heavily on exports.
U.S. Treasury Secretary Scott Bessent on Tuesday said 19 of the G20 members agreed to address the “unsustainable equilibrium” resulting from a “stream of cheap exports.” China was the only G20 member to dissent from a joint statement over references to such “imbalances.”
The Commerce Ministry on Thursday pushed back on trade complaints from the U.S. and Europe, calling them “an excuse to pressure and restrict China.”
“China believes that taking advantage of the G20 and other multilateral mechanisms to hype up so-called ‘economic imbalances’ and ‘overcapacity’ is essentially promoting protectionism,” Ling Huang, Commerce Ministry spokesperson, said in Chinese, translated by CNBC.
“China is firmly opposed,” she said during a weekly press conference. “This will only disrupt the global economic and trade order, and harm the healthy development of the global economy.”
The words come amid a flurry of different multilateral meetings and growing anticipation for Chinese President Xi Jinping’s trip to Washington, D.C. later this month.
When asked by CNBC about the latest U.S. anti-Iran sanctions, which can extend beyond Iranian entities to foreign companies or individuals accused of helping Iran, Huang said the U.S. should “immediately correct its wrong practices and lift sanctions against relevant Chinese companies and citizens.”
“Despite repeated requests from China, the U.S. has used Iran as an excuse for repeatedly imposing sanctions on Chinese companies and citizens, to which China is strongly dissatisfied and firmly opposes,” she said.
Early last week, Bessent announced that any entity, including Chinese banks, that facilitates money laundering or sanctions evasion on behalf of Iran could be cut off from the U.S. financial system.
Huang on Thursday also urged France to halt implementation of a new law aimed at curbing the low prices charged by Chinese e-commerce companies such as Temu.
“If France persists in its course of action, China will take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises, and France will bear all consequences,” she said.
China and the European Union more broadly have also been engaged in trade talks this summer as Europe wants to reduce its record trade deficit with China by October. EU Trade Commissioner Maroš Šefčovič warned in an interview with Euronews this week that Beijing must deliver “concrete results” by October or face “harsher measures.”
Huang said China is willing to work with the EU, but said demands should not be made unilaterally, and threats should not be made to close markets.
Student loan real-world asset (RWA) protocol Pencil Finance completed a $1 million onchain student loan cycle, offering financing to thousands of students in Southeast Asia who were underserved by traditional lenders.
Pencil said it completed its first fully onchain student loan cycle on the blockchain, where the platform deployed $1 million in capital as a lender that was repaid by borrowers to the bundle’s funders with yield, the company revealed in a Thursday announcement shared with Cointelegraph.
The bundle was funded in July 2025 by Animoca Brands, Open Campus and New Campus, structured as a senior tranche with fixed returns and a junior tranche with variable returns and first-loss risk.
The $1 million onchain loan cycle offered financing to about 6,600 students across 118 schools and universities in Southeast Asia. Pencil Finance claims this is the first-ever fully onchain lending cycle financing student loans transparently recorded on the blockchain network.
Of the 6,600 students, about 1,050 received direct funding. Pencil said the loans were designed for students underserved by traditional lenders, with 50% female borrowers and 93% stemming from lower-income households.
Tokenized RWAs are increasingly being used to issue or collateralize loans.
In July, Brazil’s B3 stock exchange issued a 100,000 Brazilian reais ($19,600) loan secured by 10 tokenized cows as collateral, where each cow received a unique digital token linked to an encrypted digital identity, while AI-powered smart collars from agriculture tech company Cowmed monitored each animal’s health.
Related: Standard Chartered launches spot Bitcoin and Ether trading in UAE
Yen’s rise has led to a broad-based USD weakness, driving the Dollar Index lower. BTC and gold are loving it, for now.
Coach Alum Shelley Fabares’ Cause of Death Revealed
Watson – Money Money ft. Jin Dogg & ANARCHY (Official Video)
‘Dangerous’ Alconbury Weald man filmed himself sexually assaulting woman while she slept
-
Fashion6 days agoWeekend Open Thread: Maeve – Corporette.com
-
Crypto World7 days agoBitcoin’s 22% rally now needs real demand to outlast Treasury liquidity boost
-
Business7 days agoApple Confirms September 9 Keynote and Reveals Its Full Pre-Order Schedule
-
Crypto World13 hours agoCLARITY Act could advance within weeks, Atkins says
-
Business6 days agoSalesforce Stock Soars 19% as Blowout Earnings and Agentforce AI Growth Silence Software Skeptics
-
Business5 days agoOnto Innovation Stock: AI’s Next Bottleneck Is Yield (NYSE:ONTO)
-
Crypto World6 days agoBitcoin price tests $82K resistance as Brandt stays long
-
Tech5 days agoHugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion
-
Business6 days agoiPhone 18 Pro Pre-Orders Could Shift to Saturday as Apple Reportedly Avoids September 11 Anniversary
-
Crypto World6 days agoTruflation calls for Fed rate cut after PCE forecast
-
News Videos4 days agoCharlie Munger on Robinhood: No one should believe that Robinhood’s trades are free
-
Tech6 days agoThe fix for the AI agent that hijacked a company’s DNS: it can propose the change, but it can’t approve it
-
Tech5 days agoPaperCut releases second emergency patch for exploited flaws
-
Crypto World1 day agoElon Musk Says Grok 4.7 Lands in 10 Days and Will Beat Every Model
-
Entertainment6 days ago‘Adults’ Creators Break Down Season 2’s Most Shocking Moments and Tease a Potential Season 3
-
Tech5 days agoTamagotchi Ring Takes the 30-Year Digital Pet and Places it on Your Finger
-
Tech5 days agoAs the influencer economy drives retail sales, Seattle startup raises $22M to play matchmaker
-
Crypto World2 days agoBitcoin slips below $77.5K as macro pressure offsets ETF inflows
-
NewsBeat4 days agoTrump posts AI video of ‘Lake America’ being protected by an army of bequiffed ‘Donald Ducks’
-
Entertainment4 days agoTaylor Swift Reportedly ‘Frustrated’ With Travis Kelce After ‘Short’ Honeymoon
You must be logged in to post a comment Login