Cryptocurrency Live News & Updates : Smart Money Faces $12.48M Losses on Altcoin Shorts
A smart money address, known as @ai_9684xtpa, is experiencing unrealized losses of $12.48 million after shorting various altcoins, following a recent market rally. In the latest cryptocurrency news, a smart money address has reported significant unrealized losses of $12.48 million due to short positions on altcoins, as the market has surged. Meanwhile, BNB has dipped below 760 USDT, showing only a slight increase of 1.23% in the last 24 hours. On a more positive note, the Blockchain Group has added 22 Bitcoin to its holdings, achieving an impressive 1,373% yield year-to-date, with its total BTC holdings now valued at $233.5 million. Bitcoin itself has seen a modest rise of 1.21% in the past day, trading close to the $120,000 mark. Additionally, the Thai SEC is considering easing testing requirements for retail crypto investors, aiming to reduce burdens while ensuring investment risks are aligned with product risks. Lastly, the Reserve Bank of Australia faces scrutiny as it holds interest rates steady despite weak inflation, with upcoming policy meeting minutes and a speech from Governor Bullock expected to provide clarity on future monetary policy decisions. These developments highlight the dynamic nature of the cryptocurrency market and regulatory landscape. Show more
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Time of India
3 hours ago
- Time of India
‘Confident India will get special treatment…': Piyush Goyal says trade deal talks with US making ‘fantastic' progress; ‘important to…'
India has hardened its stance on opening its agriculture and dairy sector - a consistent stand in all its trade deals so far. (AI image) India-US trade deal negotiations are making 'fantastic' progress according to Commerce Minister Piyush Goyal . His statement comes days ahead of US President Donald Trump 's reciprocal tariff deadline of August 1. Both India and the US are looking to seal a mini or interim trade deal ahead of that. Goyal has also expressed optimism about getting preferential treatment for India from the Trump administration, according to a Reuters report. In the last few days Trump has announced several trade deals with countries like Japan, Vietnam, Indonesia and Philippines. Earlier this month the US President sent out tariff letters to over 20 countries informing them of tariff rates effective August 1. Since then some of these countries have struck a trade deal with America. Notably, India has not received any letter so far. India Eyes 'Special Treatment' From US During his United Kingdom visit for the signing of the India-UK trade deal, Goyal downplayed the significance of deadlines in trade negotiations whilst expressing optimism about the discussions with the United States. "We're making fantastic progress with the United States, and I do hope we'll be able to conclude a very consequential partnership," Goyal said when asked about the trade deal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Compare Spreads: Bitcoin vs Ethereum CFDs IC Markets Learn More Undo Also Read | India-US trade deal: India wants Donald Trump administration to offer tariff rate lower than Indonesia; eyes competitive advantage India has hardened its stance on opening its agriculture and dairy sector - a consistent stand in all its trade deals so far. The US is pushing for access into these two sectors. When questioned about potential disagreements with Washington regarding agriculture, Goyal responded that "negotiations happen in the negotiation room", whilst indicating that India would consider accepting smaller sectoral achievements rather than insisting on a comprehensive agreement. Importantly, Goyal said that India is looking for preferential market access into the US compared to its competitors. "All options are on the table, and we will see how it plays out, but what is important is to get preferential market access over our competitors, our peers," he was quoted as saying by Reuters. Also Read | '10% is the new zero tariff': Trump seals trade deals with many countries - what do they mean for India? "And I'm very confident that India, having been the first country to start negotiating, will be given a special and preferred treatment,' he added. Earlier this week Reuters reported government sources as saying that an interim trade deal with the US ahead of the August 1 deadline for 26% reciprocal tariffs looks unlikely. Goyal expressed his view that negotiations have never been successful when constrained by timelines or predetermined restrictions. He emphasised his desire for an agreement that benefits all parties involved. "One has to have a broad mind and a package which is balanced and can give equity to both sides." What Trump Has Said In the last few weeks, the US President has repeatedly indicated that a trade deal with India is 'near'. Indian officials were in the US last week for the fifth round of talks for the bilateral trade agreement. According to a PTI report, US officials are likely to visit India in the second half of August for another round of trade talks. While both countries are targeting the first phase of the trade deal by fall, expectations have been there for an interim agreement being announced. While announcing a trade deal with Indonesia, Trump had indicated that the trade deal with India is being worked on similar lines in terms of market access. He has time and again asked major world economies to open their markets for US products, indicating flexibility in bringing down tariff rates. Also Read | Donald Trump's aggressive trade moves: US President indicates he won't go below 15% tariff rate; 'we'll have a straight…' Meanwhile, Trump has also suggested that a 15% reciprocal tariff would serve as the standard baseline for the majority of nations. His comments came after sealing a trade deal with Japan with 15% reciprocal tariffs on the latter. Prior to the August 1 deadline, the US President has specified a minimum tariff rate of 15%, indicating an upward shift in the baseline from 10%. "We'll have a straight, simple tariff of anywhere between 15% and 50%," Trump said Wednesday at an AI summit in Washington according to a Bloomberg report. "A couple of — we have 50 because we haven't been getting along with those countries too well." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 hours ago
- Time of India
UK, Australia back embattled submarine deal with US
Britain said Friday it will join Australia in a 50-year commitment to their nuclear-powered submarine pact with the United States, seeking to bolster a deal that Washington has thrown into doubt. Britain touted its "historic" new treaty with Australia in a government statement but gave few details beyond saying it would help economic cooperation, and "underpin" the existing three-nation AUKUS pact . Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Healthcare Operations Management Others others Data Science Data Analytics Artificial Intelligence MCA Management Finance PGDM Public Policy Project Management MBA healthcare Product Management CXO Technology Data Science Degree Design Thinking Cybersecurity Leadership Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details "This historic Treaty confirms our AUKUS commitment for the next half century," said Defence Secretary John Healey , who is visiting Australia along with Foreign Secretary David Lammy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Compare Spreads: Bitcoin vs Ethereum CFDs IC Markets Learn More Undo A US defence official last month revealed that a review of AUKUS was underway to ensure it "aligned with the President's America First agenda" and that the US defence industrial base was "meeting our needs". The British statement repeated previously released figures that the AUKUS submarine programme would lead to the creation of 21,000 UK jobs. Live Events It said the submarine programme was expected to be worth "up to" 20 billion pounds (US$27 billion) in British exports over the next 25 years. Under the 2021 AUKUS deal, Australia would acquire at least three Virginia-class submarines from the United States within 15 years, eventually manufacturing its own subs. The US Navy has 24 Virginia-class vessels but American shipyards are struggling to meet production targets set at two new boats each year. In the United States, critics question why Washington would sell nuclear-powered submarines to Australia without stocking its own military first. Analyst Tom Corben from the US Studies Centre in Australia said the new treaty between Canberra and London was an important show of solidarity. "The symbolism is important given everything else that is happening," he said. Britain's defence and foreign ministers were visiting Australia as their country's Carrier Strike Group and 3,000 personnel took part in annual Talisman Sabre military exercises across Australia and Papua New Guinea. "The UK-Australia relationship is like no other, and in our increasingly volatile and dangerous world, our anchoring friendship has real impact in the protection of global peace and prosperity," Lammy said.
Time of India
5 hours ago
- Time of India
RBI to conduct Rs 1.25 lakh-crore VRRR
Mumbai: The Reserve Bank of India will conduct a variable rate reverse repo ( VRRR ) operation on Friday, with an aim to absorb ₹1.25 lakh crore. This comes just after the RBI conducted a two day variable rate repo (VRR) operation and injected ₹50,000 crore into the banking system on Wednesday and an overnight VRR operation on Thursday. The two day VRR operation was over-subscribed amid a temporary shortage of funds , which pushed call rates to 5.73% on Wednesday, 23 basis points above the repo rate . Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Design Thinking Leadership CXO MCA PGDM Finance Project Management Operations Management Management Public Policy Technology Data Science others Healthcare Degree MBA Data Science Others Product Management Data Analytics healthcare Digital Marketing Cybersecurity Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Compare Spreads: Bitcoin vs Ethereum CFDs IC Markets Learn More Undo
