Cryptocurrency Live News & Updates : Aptos Labs and Jump Crypto Introduce Shelby Network
25 Jun 2025 | 01:55:10 AM IST
Aptos Labs and Jump Crypto have launched 'Shelby,' a decentralized hot storage network aimed at providing cloud-grade infrastructure for web3 applications. Aptos Labs and Jump Crypto have unveiled 'Shelby,' a decentralized hot storage network designed to enhance data accessibility for web3 applications, addressing the limitations of current blockchain infrastructures. This initiative aims to facilitate real-time applications such as AI and streaming. Meanwhile, Synaptogenix has made strides in the AI sector by acquiring TAO, partnering with BitGo for asset management. Unicoin Inc. has also expanded its portfolio by acquiring a majority stake in Diamond Lake Minerals, focusing on digital assets and security tokens. In the payments landscape, Mastercard is enhancing its stablecoin offerings through partnerships with Paxos, Fiserv, and PayPal, aiming to integrate stablecoins into everyday transactions. This reflects a growing trend of institutional adoption of stablecoins, especially as regulatory frameworks develop. Lastly, Fed Chair Jerome Powell has reiterated a cautious approach to monetary policy, indicating that the economy's current state allows for patience before any rate adjustments. Together, these developments highlight the dynamic shifts in the cryptocurrency and financial sectors. Show more
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Mint
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Gold price today: MCX gold rate rises above ₹97,000 as US dollar, Treasury yields slip; Israel-Iran ceasefire eyed
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Time of India
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Fed chief Powell signals no rush to cut interest rates
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Mint
3 hours ago
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Gold price today: MCX gold rate rises above ₹97,000 as US dollar, Treasury yields slip; Israel-Iran ceasefire eyed
Gold price opened higher on Multi Commodity Exchange (MCX) on Wednesday, stabilising after a sharp slump in the previous session, as investors monitored the fragile truce between Israel and Iran. MCX gold rate opened 0.29% higher at ₹ 97,311 per 10 grams as against its previous close of ₹ 97,023. MCX silver prices also opened 0.22% higher at ₹ 1,06,341 per kg, as compared to its previous close of ₹ 1,06,102. At 9:10 AM, MCX gold price was trading higher by ₹ 277, or 0.29%, at ₹ 97,300 per gram. MCX silver rate was up by ₹ 299, or 0.28%, at ₹ 1,05,216 per kg. In the global markets, gold prices firmed as the US dollar and Treasury yields retreated. Spot gold price rose 0.2% to $3,328.89 per ounce, after hitting a more than two-week low on Tuesday. US gold futures gained 0.3% to $3,343.00. Spot silver was steady at $35.90 per ounce. The Israel-Iran ceasefire on Tuesday signalled that the air war between them had ended, at least for now, denting safe-have demand for the yellow metal. MCX gold price crashed by 2.41%, or by ₹ 2,394, in the previous session to fall below ₹ 97,000 level. Gains in gold price today were supported by a weak US dollar index, which hovered near a one-week low, making bullion more attractive for other currency holders. The benchmark 10-year Treasury yields remained near a more than one-month low. Meanwhile, US Federal Reserve Chair Jerome Powell, in his testimony to the members of Congress, said that higher tariffs could begin raising inflation this summer, a period that will be key to the Fed's consideration of possible rate cuts, Reuters reported. Fed funds futures traders are now pricing in 60 basis points of rate cuts for 2025, with the first move expected to come in September. Rahul Kalantri, VP Commodities, Mehta Equities Ltd. said that gold price has support at $3,300-3,277 levels, while resistance is seen at $3,348-3,365. Silver has support at $35.50-35.20, while resistance is at $36.30-36.55. 'MCX gold price has support at ₹ 96,450 - 95,910 levels, while resistance at ₹ 97,650 - 98,100. Silver price has support at ₹ 104,280 - 103,600, while resistance at ₹ 1,05.850 - 1,06,500,' Kalantri said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
