Gold prices slipped on Monday as global investors grappled with mounting geopolitical tensions between Israel and Iran, alongside heightened anticipation for this week’s Group of Seven (G7) leaders’ summit and the impending Federal Reserve policy announcement. Despite recent volatility, gold’s role as a safe-haven asset remains prominent as markets balance concerns over conflict and central bank interest rate decisions.
In a significant development that intersects cryptocurrency adoption and capital markets, Trump Media and Technology Group $DJT announced that the U.S. Securities and Exchange Commission (SEC) has declared effective its registration statement concerning the company’s Bitcoin treasury initiative. This approval allows the firm to move forward with a previously disclosed plan to allocate part of its capital reserves into Bitcoin $BTCUSD, reflecting a growing trend among U.S. corporations embracing digital assets as balance sheet alternatives.
The anticipated $14.9 billion acquisition of U.S. Steel $X by Japanese giant Nippon Steel Corporation $5401.T is moving closer to fruition, as Mexico’s antitrust regulator, Cofece, is expected to resume the review of the deal this Thursday. This development removes one of the final regulatory barriers to the merger, which was initially announced in December 2023. Nippon Steel’s acquisition aims to further consolidate the global steel industry amid shifting market dynamics and increasing pressures on supply chains.
Meta Platforms $META announced on Tuesday a groundbreaking agreement with Constellation Energy $CEG to maintain continuous operation of one of Constellation’s nuclear reactors in Illinois for the next 20 years. This contract marks the first time a major technology company has secured long-term nuclear power as part of its energy sourcing strategy.
21Shares US has announced a 3-for-1 stock split for its ARK 21Shares Bitcoin ETF $ARKB, scheduled to take effect on June 16, 2025. The move aims to enhance accessibility and liquidity for investors by lowering the per-share price of one of the fastest-growing spot Bitcoin ETFs on the market.
