Is the US SEC manipulating the Bitcoin market?
Well…they certainly need a stronger password!
It said Tuesday that a post sent from the agency’s account on the social platform X/Twitter announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized”, and that the agency’s account had been “compromised”.
The price of bitcoin briefly spiked more than $1,000 after the post on X.
Click here to read more.
Across Markets…
- Local shares dipped, led by losses in Mining
- Aussie CPI softens to 4.3pc
- Bitcoin volatile after SEC’s X account compromised
The ASX200 dipped by -0.7% on Wednesday, led by losses in the Mining and Energy sectors.
Local traders brushed aside the highly anticipated report from the ABS this morning, which confirmed that Australia’s inflation is heading in the right direction.
According to the report, consumer prices or CPI increased in the 12 months to November by 4.3%, much lower than the 4.9% reading in October. This was the lowest CPI reading since January 2022.
Items in the basket to have increased over the 12 months include: electricity prices, which rose 10.7% in the 12 months to November, and housing, which rose 6.6% in the same period.
Despite the slowdown, Federal Treasurer Jim Chalmers said that inflation is still too high.
“It is still higher than we would like. What this number shows is that the government’s policies are helping to put downward pressure on inflation in our economy,” he said.
On the ASX today, uranium stocks gained ground after the US Department of Energy (DOE) said last night that it was exploring domestic supply of an enriched uranium fuel to reduce its reliance on Russian supplies.
Meanwhile, Bitcoin continues to be volatile, up and down 1% in the last few hours to US$46,139 after fake news circulated that the US Securities and Exchange Commission (SEC) had approved spot-Bitcoin ETFs.
Source: Stockhead
Gladiator Resources (ASX: GLA) has confirmed the high-grade uranium potential of the Southwest Corner (SWC) target within its 724 sq km Mkuju uranium project in Tanzania with the receipt of new assay results.
In strong early trade for uranium stocks, the company’s share price was up markedly on news of the positive re-analysis of samples acquired in trenching at SWC in 2023.
Gladiator revealed in late December that trenching at SWC had revealed high-grade uranium mineralisation supporting its model of gently dipping uraniferous sandstone layers with considerable strike extent.
An original analysis was undertaken using X-ray fluorescence technology, which has an upper detection limit of 4,245 parts per million for uranium.
The re-assayed uranium samples were initially considered to be above that detection limit and so were re-analysed using sodium peroxide fusion and inductively coupled plasma optical emission spectroscopy technology.
That assessment proved accurate, with the company receiving final grades as high as 7,139ppm for the SWC samples.
Source: SmallCaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.14 +12.00%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 +16.67%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.008 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.055 -3.51%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.16 -5.88%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.007 -12.50%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 -16.67%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.43 +1.18%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.03 +3.45%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.015 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.022 -4.35%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
Comments are closed