China increases holdings of over 10 tons of gold in May

XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00. What to know : XRP slid more than 4 percent to test support around $1.10–$1.12 after losing the key $1.13 level, where selling and trading volume sharply accelerated. The token remains in a broader bearish trend, trading inside a descending channel and below its 100-day and 200-day moving averages, even as momentum indicators approach oversold territory. Traders are watching whether buyers can defend the $1.10–$1.12 zone and reclaim $1.13, with a failure risking a drop toward $1.00 or even the $0.80–$0.90 area.

The relief rally that lifted crypto off last week's lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish. What to know : Bitcoin and gold are falling together as expectations for higher interest rates sap demand for non-yielding assets, with bitcoin down nearly 7 percent on the week and gold slipping below $4,200 an ounce. The latest crypto pullback appears driven by a short squeeze rather than fresh buying, as more than $500 million in bearish bets were liquidated and spot demand, including from U.S. bitcoin ETFs, has yet to return meaningfully. Traders are watching Wednesday’s U.S. inflation report and its implications for Federal Reserve policy, as a hotter reading could keep rates elevated, pressure risk assets further and weaken bitcoin’s case as a macro hedge if gold stabilizes while it continues to slide.

Top venture capital firms such as Founders Fund and Thrive Capital have shortened their fundraising cycle to less than two years. Founders Fund raised $4.6 billion last year and launched a $6 billion fundraising campaign this year, as it has invested an average of $600 million in seven companies including OpenAI and Anthropic. In Anthropic's $900 billion and $65 billion financing, the four leading investors each contributed over $2 billion. Howard Morgan, Chairman of B Capital Group, warns that investing funds within a year will miss out on opportunities for trough layout and lower returns. According to Carta data, the top 10% of performing funds have only recovered 0.16 principal since 2021, with a return rate of zero for midstream funds. Some venture capitalists have advanced their fundraising plans for 2027 and explored overseas sovereign wealth funds in order to participate in financing before the IPOs of OpenAI and Anthropic within this year. A16z is establishing new partnerships with several overseas sovereign wealth funds.

Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024. What to know : Assets in U.S. spot bitcoin ETFs have slid to $77.58 billion, back to levels seen just after Donald Trump’s November 2024 election victory despite a far more favorable regulatory climate. Outflows have picked up pace lately. Analysts attributed the investor exodus to inflation concerns and AI frenzy.

Binance BCH/USDT perpetual trading volume surged 5 times within 10 minutes, with a turnover of $96.05 million in the past 24 hours, a decrease of 4.33% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world