Latest news with #QCP
Yahoo
2 days ago
- Politics
- Yahoo
Sask. Party MLAs remain banned from Pride parades in Regina, Prince Albert, Battlefords
Regina's Queen City Pride (QCP) and other organizations have decided to maintain their ban on Saskatchewan Party MLAs during Pride month festivities in June. Responding to Bill 137, which passed in October 2023, Pride groups around Saskatchewan last year barred Sask. Party MLAs from participating in Pride events. The bill, also known as the Parental Bill of Rights, requires students under 16 to obtain parental or guardian consent 'before the pupil's teachers and other employees of the school use the pupil's new gender-related preferred name or gender identity at school.' As a result, the Pride flag is not being raised at the Saskatchewan Legislative Building for a second year in a row. According to QCP co-chair Riviera Bonneau, if the government isn't willing to reverse its policy, then neither is QC Pride. The province did not respond to a request for comment before the Leader-Post's print deadline. 'The existing Government of Saskatchewan has not done anything to rectify Bill 137,' Bonneau said Friday. 'They have not spoken with any queer organizations to try to do better.' The Queen City Pride Festival — an annual 10-day celebration of Regina's gender and sexually diverse communities — officially opened Friday with a flag-raising ceremony at Regina City Hall. The annual Pride parade from which MLAs were banned last year is scheduled for next Saturday. Several groups are holding the line on their policy, with Prince Albert Pride and Battlefords and Area Pride maintaining their respective bans. 'They're not welcome,' said Kelly Waters, secretary of Battlefords and Area Pride. 'They haven't changed their positions.' Waters said it's important for the organization to create a safe environment for its members — and inviting the MLAs would 'not be safe.' Andromeda Eremondi, chair of Prince Albert Pride, said the organization would consider an application from Sask. Party MLAs. However, it would only happen if they denounce Bill 137 and commit to repealing it while also refusing to engage in 'any of the change-room nonsense' which reared its head during the provincial election in October 2024. The provincial government subsequently announced that Saskatchewan school boards would be required to implement change-room policies regarding trans and gender-diverse students. 'We are hesitant to allow politicians that aren't proven allies,' Eremondi said via email. 'We're wary of those saying they love our community while working to attack members within our community.' During Friday's flag raising in Regina, speakers focused on the importance of visibility while sticking to the root of Pride's cause as shown through protests and political action. Asked what she feels the response will be to the continued MLA ban, Bonneau said: 'I think the response from the Saskatchewan government will be apathy. 'I unfortunately do not think they care about us, which is why it's incredibly important for us to stand up every year and make sure we tell them: we do not like what they are doing, and we will oppose it, and we will stand against it every year.' Saskatchewan passes school pronoun bill using notwithstanding clause 'They're not our allies': Queen City Pride bars Sask. Party from Pride month celebrations alsalloum@ The Regina Leader-Post has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark and sign up for our newsletters so we can keep you informed. Click here to subscribe.
Yahoo
30-05-2025
- Business
- Yahoo
Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight
Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight originally appeared on TheStreet. After a turbulent few months, the crypto market seems bored. Bitcoin is holding steady above $105,000, with a modest 2.5% weekly gain. Ethereum is flat around $2,592, while Solana and XRP are up around 8%. The numbers aren't bad—but the lack of direction is making some analysts uneasy. According to Singapore-based trading firm QCP Capital, this isn't just a lull—it's a warning sign. 'Volatility across most asset classes continues to drift lower,' QCP analysts said in a note seen by TheStreet Roundtable. 'Markets appear increasingly inured to negative developments, brushing off headlines that might once have sparked more significant reactions.' It's not like there's a shortage of news. Tariff shocks, rising debt, and central bank signals are all out there. But the market isn't flinching. Bond yields are retreating, too—U.S. 10-year and 30-year yields have dipped below 4.5% and 5%, and Japan's 30-year JGB is under 3%. Traders, for now, are unfazed. QCP says this stretch of calm has pushed us into a sort of 'Goldilocks zone,' where things feel just right—but maybe too right. 'It will take time for companies and consumers to adjust pricing and spending patterns,' they said, referring to the recent tariff policy. 'Only in Q3 are we likely to see these dynamics reflected in the numbers.' If that sounds like a setup for surprise volatility later this year, that's because it is. The Federal Reserve appears to be on the same page—downplaying short-term data unless the economy shows serious signs of stress. Upcoming U.S. Treasury auctions in June for 10, 20, and 30-year bonds will be key tests. Japan is also adjusting issuance of long-dated paper in response to tepid demand. Meanwhile, the crypto market is still waiting for policy clarity. Progress on digital assets under the Trump administration has been slow, but there are signs of momentum. Senator Cynthia Lummis recently made headlines in Las Vegas with bold remarks about stablecoin regulation and the idea of a national Bitcoin Strategic Reserve. 'The Conference may offer the jolt needed to revive White House engagement,' QCP wrote. And that might not be all. Trump Media is reportedly looking to raise $2.5 billion and join other corporates like Strategy and Metaplanet in building a Bitcoin reserve—a structural bid that could offer some support. For now, the market looks healthy on the surface. Trading volumes remain strong—Bitcoin alone saw over $43 billion in daily volume, and altcoins like DOGE and ADA are outperforming with weekly gains over 10%. But it's all happening in a strangely quiet environment. QCP's warning is that don't get too comfortable. The market may not react today—but that doesn't mean it won't tomorrow. Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Dogecoin, XRP Slump as Crypto Profit-Taking Continues Ahead of Friday's Inflation Data
Bitcoin BTC was just 1% lower in the past 24 hours, while XRP XRP and dogecoin DOGE slipped 2.5% each, signaling a tepid recovery rather than a firm rebound. Markets were jolted late last week after U.S. President Donald Trump proposed raising tariffs on European imports to 50%, up from a previously discussed 20%. 'Bitcoin's rebound came after Trump decided to delay imposing new EU tariffs, which had initially sparked a market downturn over the weekend,' Jeffrey Ding, chief analyst at HashKey Group, told CoinDesk in a Telegram message. 'Traders see these macroeconomic events as a welcome stability boost, encouraging a risk-on sentiment, especially as MicroStrategy's Michael Saylor hinted at upcoming Bitcoin purchases,' Ding added. Markets calmed somewhat on Monday after Trump announced he would delay the implementation of new tariffs until July 9, citing a "constructive call" with European Commission President Ursula von der Leyen. Still, Singapore-based QCP Capital warned in a market broadcast message late Monday that the episode is a reminder of how quickly policy shocks can unwind market calm. The BTC July-to-June implied volatility spread, which spiked above 2 vols last week, has now compressed to below 1 — suggesting traders are watching closely for another pivot ahead of the new deadline. The vol spread refers to the difference in expected volatility between July and June bitcoin options, showing how much more (or less) traders expect price swings in July compared to June. All eyes are now on this Friday's Core PCE print, a key inflation gauge for the Federal Reserve, the firm noted. The index is a measure of inflation that excludes the volatile prices of food and energy — and is considered a key indicator used by the Fed to assess inflation and make policy decisions. Despite the uncertainty, spot ETF inflows remain steady, with BlackRock's IBIT logging 30 consecutive days of net inflows — a rare streak that underscores sticky institutional interest. Still, crypto's resilience has been relative, not absolute. QCP noted a divergence between digital assets and traditional tech as flows have turned cautious in products like the TQQQ NASDAQ ETF, even as crypto held its ground. 'In a world of erratic policymaking,' QCP wrote, 'crypto increasingly looks like the grown-up at the table.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
26-05-2025
- Business
- Business Mayor
QCP Flags Crypto's Maturity as Trump Tariffs Reignite Global Trade Uncertainty
Markets reeled as Trump's surprise 50% EU tariff proposal shattered weeks of calm, but bitcoin's steady rebound—bolstered by record institutional inflows—signaled crypto's emerging role as a haven in an era of policy chaos, according to QCP Capital's latest analysis. Bitcoin Resilience Contrasts With Tech Equity Weakness Amid Policy Shifts, QCP Analysis Says Global risk sentiment […] READ SOURCE
Yahoo
27-03-2025
- Business
- Yahoo
Bitcoin Rally Reverses Despite Supposedly Bullish GameStop News
Bitcoin's (BTC) rise following GameStop's Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday. Just after the noon hour on the east coast, bitcoin has pulled back about 3% from overnight highs to $86,500. The broad-market crypto benchmark CoinDesk 20 Index was 1.9% lower through the past 24 hours, with ether (ETH), solana (SOL) and AAVE declining around 3%-4% during the same period. The price action happened with U.S. risk assets showing weakness. The S&P500 and Nasdaq indexes were down 0.8% and 1.6%, respectively, erasing most of their gains since Monday's opening. Fresh concerns over the U.S. debt ceiling perhaps loomed over markets. The Congressional Budget Office issued a warning today that the federal government may run out of money as soon as August if lawmakers don't raise the debt limit. U.S. tariffs, poised to go into effect on April 2, could also be weighing on investor nerves. "Uncertainty surrounding U.S. trade policy and the broader political landscape remains front of mind," analysts at hedge fund QCP said in a Telegram broadcast. "The market still lacks clarity on the scope, timing and magnitude of these potential actions. Until then, we expect more sideways volatility." Bitcoin bulls, meanwhile, are once again left scratching their heads as the price fails to react positively to news of yet another deep-pocketed buyer planning to invest in the world's largest crypto. "Zombie companies like GameStop 'pulling a Saylor' as a get out of jail cared would be a clear topping signal," said James Check, first one year ago and then again Tuesday evening following GME's announcement. He reminded that he said similar about publicly trader miners when those capital-burning companies decided to stack bitcoin beyond what their mining activity provided. "Three months ago I couldn't make a case for where this cycle's excess sell-side comes like we saw in the 2022 bear market ... I suspect in a few months time, I will be able to make a case once again." Sign in to access your portfolio
