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Here’s a quick recap of the crypto landscape for Monday (April 28) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$94,867.28 as markets closed for the day, up 0.4 percent in 24 hours. The day’s range has seen a low of US$93,589.07 and a high of US$95,212.29.

Bitcoin performance, April 28, 2025.

Chart via TradingView.

Bitwise CEO Hunter Horsley said heightened institutional activity drove Bitcoin’s rally to US$94,000.

In a client note, Greg Cipolaro, the global head of research at NYDIG, said, “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” However, it’s worth noting that Bitcoin fell by about US$2,000 after the markets opened in tandem with declining US Treasury yields.

Ethereum (ETH) ended the day at US$1,799.74, a 0.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,754.97 and a high of US$1,803.29.

Altcoin price update

  • Solana (SOL) ended the day valued at US$148.64, down one percent over 24 hours. SOL experienced a low of US$145.89 and peaked at $150.06.
  • XRP traded at US$2.30, reflecting a 0.8 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.26 and reached its highest point at US$2.31.
  • Sui (SUI) was priced at US$3.61, showing an increaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.55 and a high of US$3.73.
  • Cardano (ADA) was trading at US$0.7091, up 1.1 percent over the past 24 hours. Its lowest price on Monday was US$0.6879, with a high of US$0.7136.

Today’s crypto news to know

US$330 million Bitcoin transfer sparks concern

On-chain investigator and analyst ZachXBT has called out a “suspicious transfer” of 3,520 BTC to a new address just after midnight on Monday; the coins were worth approximately US$330.7 million at the time.

“Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%,” Zach wrote, adding that the move was “likely a theft” roughly an hour later.

Zach concluded that a longtime holder using major exchanges to suddenly transfer a large sum in many small, costly increments to instant exchanges would be an inefficient method for legitimate use.

To date, there has been no confirmation of anyone coming forward to say they have been robbed. Monero’s price has retracted to near its post-spike price, up 10 percent in 24 hours to US$253.09 at the time of writing.

Loopscale suffers hack, bounty negotiations ongoing

On Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale. Roughly US$5.7 million UDSC and around 1,200 SOL were taken from Genesis vaults.

Loopscale’s analysis reveals that the attackers manipulated Loopscale’s RateX PT token, which allowed them to exploit a flaw in how the system determined the value of deposited assets.

The stolen funds represent around 12 percent of Loopscale’s total value locked.

In response, Loopscale suspended all withdrawals from its vaults and temporarily halted trading. The platform has offered the attackers a 10 percent bounty and said it would not pursue legal action if the remaining 90 percent is returned. According to Loopscale’s update, posted on X on Sunday (April 27) evening, the attackers agreed to return the funds in exchange for a bounty, but said they expected 20 percent. According to the latest update from Etherscan, negotiations are ongoing, and there have been no reports of the funds being returned as of the time of writing.

Strategy stacks US$1.42 billion in Bitcoin

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion. The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum exchange-traded funds (ETFs), highlighting that restrictive rules have already cost US funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

Coinbase to launch Bitcoin yield fund

Coinbase is set to introduce the Coinbase Bitcoin Yield Fund on May 1, which will offer exposure to institutional investors from outside the US. “This fund is a conservative strategy that seeks a 4-8 percent net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin,” the company said on Monday.

The yield will be generated through a cash-and-carry strategy, through the difference between spot Bitcoin prices and derivatives, as Bitcoin itself lacks a built-in mechanism for generating passive income like staking on other blockchains.

According to Coinbase, custodians of the fund will trade using third-party custody integrations to lessen counterparty risk, avoiding higher-risk Bitcoin lending and systematic call selling.

SEC’s Peirce likens US crypto regulation to ‘floor is lava,’ demands real reform

SEC Commissioner Hester Peirce delivered a blistering critique of US crypto regulations, comparing them to the children’s game ‘floor is lava,’ where firms must hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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A coalition deal in Germany has paved the way for conservative leader Friedrich Merz to become the country’s 10th chancellor since World War II. As part of the deal, outgoing Chancellor Olaf Scholz’s party, the Social Democrats (SPD), will join with Merz’s Christian Democratic Union (CDU).

Both parties in the agreement have ruled out governing with the far-right party Alternative for Germany (AfD).

CDU, along with its Bavarian sister party the Christian Social Union (CSU), won Germany’s elections in February after garnering 28.6% of the vote, according to Germany’s international broadcaster Deutsche Welle (DW). 

The AfD secured 20.8% of the vote. Meanwhile, Scholz’s SPD won just 16.4% of the vote, their worst result since World War II, according to the Associated Press (AP).

The coalition agreement was put to a vote among the SPD’s more than 358,000 members via an online ballot. More than half, 56%, of the party’s members voted on the deal, and of those who cast their ballots, 84.6% were in favor, the AP reported.

CDU/CSU and SPD are looking to invest in Germany’s infrastructure, raise the minimum wage to $17.01 per hour and to cap rents, according to Reuters, which cited the coalition contract.

The coalition deal gives SPD several major positions, including the finance, justice and defense ministries, according to the AP. In total, SPD was able to secure seven ministry positions, DW reported. 

Additionally, SPD leader Lars Klingbeil is set to become vice chancellor and finance minister — a key position as the country deals with the ramifications of President Donald Trump’s tariffs.

‘In these very difficult times in global politics, we bear responsibility for our security, for economic growth, secure jobs and equal opportunities,’ SPD General Secretary Matthias Miersch said, according to Reuters.

Merz celebrated SPD’s approval of the agreement in a post on X, which was translated by Reuters.

‘The broad approval of our coalition agreement shows that the political center is capable of taking action and assuming responsibility. This clears the way for a strong government that will finally solve our country’s problems,’ Merz wrote, according to a Reuters translation.
 

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A new government relations firm led in part by a former Trump lawyer has launched in Washington, D.C., with the aim of advocating for clients in the crypto and artificial intelligence space that has gained momentum since Trump’s election and inauguration. 

NexusOne Consulting, founded by attorney Jeff Ifrah of Ifrah Law, former Trump administration attorney Jim Trusty and former Trump Commerce Department official Ross Branson, opened its doors this week, marketing itself as a firm ‘focused on shaping federal policy and regulatory frameworks for clients in the emerging technologies sector, including AI, cryptocurrency and social media.’

Fox News Digital spoke to Ifrah, who outlined what he believed was a gap in the crypto and AI consulting space heading into the next four years of the Trump administration.

‘I think primarily before the Trump administration, there wasn’t really a need. It wasn’t like the industry was searching out D.C.-based advocates on a federal level,’ Ifrah said. ‘Shortly after Trump won the election it became kind of clear that these two verticals, AI and crypto, were going to need representation, and they previously hadn’t thought about that.’

Ifrah explained that his team did not see many firms with the necessary experience in the space and saw a benefit in ‘starting up a new shop with our kind of relationships and connections in the administration’ and ‘also paired that to a vertical industry we were familiar with you know, for which there wasn’t a lot of competition out there.’

In a press release, Trusty said, ‘NexusOne was launched to give the crypto, AI, and other emerging tech industries a seat at the table.’

‘We are perfectly positioned to help both the Executive Branch and private industry understand and appreciate each other’s roles and abilities in forging the new economy.’

NexusOne also unveiled members of the company’s advisory board, which includes Bill Bennett, former U.S. Secretary of Education under President George H.W. Bush, former GOP Oklahoma Gov. Mary Fallin and Andrew Graves, a Wall Street veteran who co-founded a nonprofit fundraising organization with Eric Trump. 

‘Headquartered across from the White House, NexusOne is the essential bridge between regulation and innovation,’ the company said in the press release. 

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, told Fox News Digital earlier this month that Trump is aiming to make the U.S. the ‘crypto capital of the world,’ and that the administration is well on its way to ushering in ‘the golden age for digital assets.’ 

Ifrah told Fox News Digital that many potential clients in the space are looking for a ‘seat at the table’ and he believes NexusOne is the firm to help them do that. 

‘Technology is outpacing policy, and that creates both opportunity and risk,’ Ifrah said in the press release. ‘We created NexusOne to ensure that companies at the frontier of innovation have a trusted, connected voice in Washington.’

‘There’s a once-in-a-generation opportunity to shape the future of tech policy. We’re here to make sure innovators don’t just react to policy—they influence it.’

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Rep. Alexandria Ocasio-Cortez would ‘destroy America’ as president – but is a first-rate entrepreneur – says Canadian businessman and star of ABC’s ‘Shark Tank’ Kevin O’Leary.

O’Leary’s comments came over the weekend during the White House Correspondents’ Association annual dinner in response to questions about a new campaign-style video the far-left progressive lawmaker put out amid speculation she is considering a run for president.

‘I think she’s the best marketeer in politics. I buy her T-shirts, I gift them the tax the rich T-shirts – I love them. She makes 82% in margin on them, which, I think, shows you that inside of every socialist, there’s a capitalist trying to get out,’ O’Leary said. ‘Now, would she destroy America? Absolutely. There’s no chance she’ll ever be president. I don’t agree with anything she says, but I love her social media. She’s a crazy chicken.’ 

‘Her district is a wasteland,’ O’Leary added. ‘Why would anybody want her running anything? But I love what she does on T-shirts, so maybe she should start a T-shirt company.’

The ‘Shark Tank’ star’s comments came as Ocasio-Cortez has been criss-crossing the country over the last several weeks, participating in a ‘Fight Oligarchy’ tour alongside Sen. Bernie Sanders, I-Vt., in protest of President Donald Trump and his policies. The events have drawn large crowds and speculation over whether Ocasio-Cortez is testing the waters for a potential presidential run. 

Meanwhile, last week, Ocasio-Cortez posted a new campaign-style video to her social media accounts, invigorating that speculation even further.

 

Prominent pollster Nate Silver suggested earlier this month that Ocasio-Cortez is currently the leading Democrat to pick up the party’s presidential nomination in 2028, selecting her as his top choice in a 2028 election exercise with FiveThirtyEight’s Galen Druke. 

‘I think there’s a lot of points in her favor at this very moment,’ Druke said, adding, ‘Alexandria Ocasio-Cortez has broad appeal across the Democratic Party.’

Fox News Digital’s Deirdre Heavey and Paul Steinhauser contributed to this report.

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JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines.

JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United.

JetBlue’s planned acquisition of Spirit Airlines was blocked by the Justice Department last year, while its partnership in the Northeast with American Airlines unraveled after the carriers lost an antitrust lawsuit in 2023.

The New York airline has been in talks with several carriers this year about a partnership. JetBlue’s president, Marty St. George, said on an earnings call on Tuesday that the company expects to make an announcement this quarter. He emphasized that the partner’s bigger network would allow customers to earn and burn loyalty points on JetBlue.

“If you are a customer in the Northeast and you love JetBlue for leisure, but twice a year you have to go to Omaha or Boise, these are places that you can’t earn TrueBlue points on now and when this partnership goes forward, you will be able to,” St. George said.

United Airlines could possibly get a foothold (again) into JetBlue’s home hub of John F. Kennedy International Airport in New York through the partnership. “We don’t engage in industry speculation,” a United Airlines spokeswoman said.

An Alaska Airlines spokeswoman said the carrier doesn’t have plans to partner with JetBlue and is focused on its recent merger with Hawaiian Airlines.

Southwest Airlines declined to comment. A Delta Air Lines spokesman said there was no pending announcement from the carrier about a partnership with another airline.

JetBlue declined to comment further.

American had been in talks to revive a different version of its partnership with JetBlue, but those failed and American said Monday that it sued JetBlue.

“Ultimately, we were unable to agree on a construct that preserved the benefits of the partnership we envisioned, made sense operationally or financially,” American Airlines Vice Chair Steve Johnson said in a letter to employees on Monday.

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Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. 

Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments in the U.S. It comes as drugmakers brace for Trump’s levies on pharmaceuticals imported into the country — his administration’s bid to boost domestic manufacturing.

“If I know that there will not be tariffs … then there are tremendous investments that can happen in this country, both in R&D and manufacturing,” Bourla said on the call, adding that the company is also hoping for “certainty.”

“In periods of uncertainty, everybody is controlling their cost as we are doing, and then is very frugal with their investment, as we are doing, so that we are prepared for remit. So that’s what I want to see,” Bourla said.

Bourla noted the tax environment, which had previously pushed manufacturing abroad, has “significantly changed now” with the establishment of a global minimum tax of around 15%. He said that shift hasn’t necessarily made the U.S. more attractive, saying “it’s not as good” to invest here without additional incentives or clarity around tariffs.

“Now [Trump] I’m sure — and I know because I talked to him — that he would like to see even a reduction in the current tax regime particularly for locally produced goods,” Bourla said, adding a further decrease would be would be a strong incentive for manufacturing in the U.S.

Unlike other companies grappling with evolving trade policy, Pfizer did not revise its full-year outlook on Tuesday. However, the company noted in its earnings release that the guidance “does not currently include any potential impact related to future tariffs and trade policy changes, which we are unable to predict at this time.”

But on the earnings call on Tuesday, Pfizer executives said the guidance does reflect $150 million in costs from Trump’s existing tariffs.

“Included in our guidance that we didn’t really speak about is there are some tariffs in place today,” Pfizer CFO Dave Denton said on the call.

“We are contemplating that within our guidance range and we continue to again trend to the top end of our guidance range even with those costs to be incurred this year,” he said.

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Former vice presidential nominee Gov. Tim Walz, D-Minn., continued a self-described ‘listening tour’ across the country at a Harvard Kennedy School forum on Monday night, ruling out a 2028 presidential bid and revealing why former Vice President Kamala Harris chose him as her running mate. 

Walz said Harris chose him, in part, because, ‘I could code talk to White guys watching football, fixing their truck’ and ‘put them at ease.’ The Minnesota governor described himself as the ‘permission structure’ for White men from rural America to vote for Democrats. 

‘I think I’ll give you pretty good stuff, but I’ll also give you 10% problematic,’ Walz added when pushed by moderator Brittany Shepherd, ABC News national political reporter, about why he didn’t take that message to cable news to reach a larger audience. Walz laughed off criticism over inconsistencies in his background on the 2024 campaign trail, describing himself as a ‘knucklehead.’

Walz told CNN’s Jake Tapper earlier this month that he was considering a third bid for Minnesota governor but was not thinking about running for president in 2028. When asked by Shepherd to explain, Walz said the Democratic Party should run a collective 2028 presidential campaign. 

‘I think we need to collectively run a presidential campaign without a candidate right now that builds all the infrastructure… by the time we get to 2028, we’re ready,’ Walz said. 

And on what he would have done differently in 2024, Walz said, ‘We would have won.’ Acknowledging that Democrats came up short in November, Walz said the party is ‘better off doing more’ in ‘every forum,’ following criticism that Democrats didn’t prioritize media appearances enough in 2024, whether long-form podcasts or traditional network news shows. 

‘There is room for Gavin Newsom’s podcast, and there is room for Bernie Sanders’ rallies,’ Walz said, as he described both instances as opportunities for Democrats to reclaim their own narrative.

Gov. Gavin Newsom, D-Calif., long considered a potential 2028 presidential candidate, has invited President Donald Trump’s allies and conservative guests, including Charlie Kirk and Steve Bannon, onto his new podcast to show he is open to ‘criticism and debate without demeaning or dehumanizing one another.’ The strategy follows criticism after the 2024 presidential election that Democrats didn’t prioritize new media appearances and unscripted conversations enough. 

Meanwhile, Sen. Bernie Sanders, I-Vt., has been jet-setting across the country on the ‘Fighting Oligarchy’ tour alongside another potential 2028 presidential candidate, Rep. Alexandria Ocasio-Cortez, D-N.Y. The self-described Democratic socialists have amassed tens of thousands of supporters to what they say are record-setting rallies for both politicians. 

Walz has been on his own cross-country tour, hosting town halls in Republican-held congressional districts. But the former vice presidential nominee has fallen into familiar missteps from the 2024 campaign trail – on the road and back at home. 

Walz was heckled by veterans at the Minnesota Capitol earlier this month for claims of ‘stolen valor.’ At a town hall in Wisconsin last month, a woman who registered for the event told Fox News Digital she was removed for filming Trump supporters getting kicked out. And during one of his first town hall events, Walz was slammed by Republicans for celebrating Tesla’s stock drop amid a spree of vandalism. 

While the Democrat said he was chosen by the Harris campaign to relate to White men, Walz has been unable to escape the nickname ‘Tampon Tim,’ coined by conservatives for his bill providing free menstrual products to ‘all menstruating students’ in school restrooms grades 4 to 12, including the boys’ room. 

Regardless of the comment or legislation, conservatives find a way to criticize ‘Tampon Tim,’ including when Walz claimed he could fight most Trump supporters earlier this year. 

Further reflecting on the Democrats’ 2024 losses, Walz said the party wins on the issues and ‘competency,’ but ‘we lose the message, and we lose power.’

‘Why have we lost the self-identity that the Democratic Party is for personal freedoms, middle-class folks, for labor folks. How did we lose it, where people didn’t self-identify with that? How did we get to a point where people didn’t feel like this was an important enough election to get out and vote?’ Walz asked during his speech Monday. 

Walz’s speech was on the eve of Trump’s first 100-day celebration, and he warned his fellow Democrats, ‘If you leave a void, Donald Trump will fill it,’ and added, ‘If I ever had 100 days to live, I would spend it in the Trump administration because it’s like a lifetime.’

‘It’s been 100 days of destruction. You think we can survive 550 more? That’s the challenge. That’s how long it is until the midterms,’ Walz said. 

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There are moments when I still wake up in terror, my heart pounding, convinced I’m back in those dark tunnels beneath Gaza. 

Then reality slowly breaks through—I am free. After 471 days held hostage by Hamas, I have returned to the world of light, of family, of possibility. But my heart remains heavy, knowing that others still endure the nightmare from which I’ve awakened.

My story begins on October 7, a day that tore my life in two. I went to the Nova festival with my best friend Gaya Halifa, looking forward to a day of music and celebration. When the terror attack began, we tried desperately to escape. After hiding in the bushes, Ben Shimoni arrived in his car to rescue me, Gaya and Ofir Tzarfati. 

For a brief moment, we thought we were safe. But that hope shattered when the terrorists opened fire on our car. I was wounded. Gaya did not survive. I remember her last words to me: ‘Romi, they shot me.’ We shared one final look, her eyes meeting mine before they rolled back as she took her last breath. In the end, I was the only survivor from our car. Since returning home, I’ve learned that Ben managed to save twelve other people at the festival that day before coming back to rescue us—a heroic act for which I am eternally grateful.

Every day in captivity tested every fiber of my being. I lost 22 pounds as food and water became luxuries rather than necessities. The bullet wound in my hand, untreated and without pain medication, led to complete disability in my right hand. Yet somehow, I endured. In captivity, I found an unexpected lifeline—Emily Damari. We first met after undergoing horrific surgeries in Gaza, waking up in a hospital after anesthesia. Thirty-nine days later, we reunited in the tunnels and remained inseparable. Two injured girls, two functioning hands between us, two bleeding souls becoming one.

She was my light when hope abandoned me. When I collapsed to the floor, she lifted me with a smile. When I cried so hard I couldn’t breathe, she wiped away my tears. When I yearned for my mother, she held me tightly and didn’t let go. We fought together to survive, and on January 19, we were both released.

I am incredibly grateful for getting my life back. I owe so much to you, President Trump, for your decisive leadership in advancing a deal that many thought impossible. When I returned, I learned how you promised from your first day in office that you would bring all the hostages back. Your commitment created the breakthrough that led to my release along with 37 other hostages. You achieved what many diplomats and leaders deemed impossible. Your intervention made this possible, and I look forward to meeting you face-to-face to express my profound gratitude. I believe you will finish what you’ve started.

I also thank the brave soldiers of the Israel Defense Forces who risked their lives. I thank my family who, like the families of all the hostages, fought tirelessly, traveled across continents and refused to let the world forget me and all the hostages. Their unwavering advocacy and determination to bring me home sustained them through their darkest hours, just as thoughts of them sustained me through mine.

Since my return, the journey has been far from over. I’ve been hospitalized, undergoing a 13-hour surgery. I never imagined my condition would be so severe. I didn’t anticipate that my leg would lose function as they harvested everything possible to repair my hand. I never expected to need rehabilitation for months ahead or that I would face multiple surgeries instead of just one. The rehabilitation is incredibly difficult, both physically and mentally. But I will face it all—this is what I waited for during those endless days of captivity.

As I navigate this new chapter of healing and hope, I carry with me the memory of those dark days and the people who sustained me through them. I carry the responsibility to speak for those who cannot yet speak for themselves—the hostages still waiting for their freedom.

It feels especially meaningful to mark the first 100 days of Trump’s presidency near Israel’s Independence Day. But true independence cannot exist when our people are still held captive. Every living hostage deserves the chance to breathe free air and reunite with loved ones, while those who have perished deserve to be returned to their families for proper burial and remembrance.

My story is not just one of survival but of the enduring human capacity for resilience. It is about finding light in the darkest places and strength when all seems lost. It is about the bonds that save us and the hope that sustains us.

My journey—and Israel’s journey—isn’t complete until every hostage returns home. I believe in us. I believe in you, President Trump. Let’s bring them all home.

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Real Estate and Healthcare Swapping Positions in Top 5

The top five sectors show remarkable stability, with Consumer Staples, Utilities, Financials, and Communication Services holding steady in the top four positions. The only change is Real Estate replacing Health Care, a shift that underscores the ongoing defensive tilt in the market. In the bottom half of the ranking, Materials and Consumer Discretionary swapped positions.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (4) Communication Services – (XLC)
  5. (6) Real-Estate – (XLRE)*
  6. (5) Healthcare – (XLV)*
  7. (7) Industrials – (XLI)
  8. (9) Materials – (XLB)*
  9. (8) Consumer Discretionary – (XLY)*
  10. (10) Energy – (XLE)
  11. (11) Technology – (XLK)

Weekly RRG

Looking at the weekly Relative Rotation Graph (RRG), we observe ongoing strength in Consumer Staples and Utilities. Both sectors are advancing further into the leading quadrant and continue to gain on the RS ratio axis.

Real Estate is also making a notable move deeper into the leading quadrant. Financials and Communication Services are positioned on the brink of the weakening quadrant. However, they are still sustaining elevated RS ratio levels, which keeps them securely in the top five — at least for now.

Daily RRG

  • Consumer Staples and Utilities: Both reside within the weakening quadrant, but at high RS ratio levels. This combination, along with their strength on the weekly RRG, keeps them well inside the top five.
  • Communication Services: Moved into the lagging quadrant but with a very short tail close to the benchmark. This positioning allows it to remain in the top five — for now.
  • Financials: Similar to Communication Services, close to the benchmark with a slightly longer tail but not showing significant loss of relative strength.
  • Real Estate: Made a significant move, pushing into the leading quadrant on the daily RRG, combining with its strong weekly tail to secure its spot in the top five.

Consumer Staples

The Consumer Staples sector remains range-bound on the weekly chart, causing relative strength to stabilize. With RRG lines at high levels, we might see some consolidation in the coming week — definitely something to keep an eye on.

Financials

Financials are picking up steam again, closing in the upper half of last week’s bar. This price strength is helping the relative strength line remain well within its rising channel. If the sector can maintain this momentum, it’s likely to stay among the top performers.

Utilities

Utilities are trading within their sideways channel, continuing to push relative strength against (or just above) resistance. This strength is keeping the RRG lines above 100. However, imho, we’ll need to see more relative strength in the coming weeks to keep Utilities at the top of the list.

Communication Services

Communication Services had a strong week, closing at the top of its range against former support, now acting as resistance. Based on the price chart, we might expect some resistance and difficulty for the sector to move higher this week. Despite this, the relative strength line remains within its rising channel, albeit losing some relative momentum at high RS ratio levels — not concerning at this time.

Real Estate

Real Estate — the new entrant in the top five — is benefiting from a strong bounce off the $36 low two weeks ago. It’s now starting to push relative strength higher, although not yet extremely strong. The RS momentum line is beginning to roll over while dragging the RS ratio higher.

For now, the combination of daily and weekly relative strength has been enough to displace Health Care and secure Real Estate’s spot in the top five.

Portfolio Performance

The defensive positioning of our portfolio has put a dent in performance relative to the broader market. We’re now trailing the S&P 500 by almost 3%. However, we’ve seen over the past few weeks that these differences can equalize rapidly when the market moves in the direction of the portfolio. So, I’m not too concerned at the moment — it’s all part of the ebb and flow of market dynamics.

#StayAlert and have a great week –Julius


Today, Carl and Erin made a big announcement! They are retiring at the end of June so today was the last free DecisionPoint Trading Room. It has been our pleasure educating you over the years and your participation in the trading room has been fantastic! Be sure and sign up to follow the DecisionPoint Blog on StockCharts.com where we do plan to publish articles periodically. (Subscribers: you will be notified via email as to how your subscription will be handled. Stay tuned.)

After the big announcement, Carl opened the show with the DP Signal Tables to give us a sense as to the market’s overall trend and condition.

Carl then went through his regular market overview that included Bitcoin, Bonds, Yields, Crude Oil, Gold, Gold Miners and the Dollar.

Once finished with the market overview, Carl walked us through the Magnificent Seven in the short and intermediate terms by looking at both the daily and weekly charts.

The pair took questions including a discussion on relative strength using the Silver Cross Index and Golden Cross Index.

Erin took the controls and went through the 26 indexes, sectors and industry groups that have under the hood indicators. She walked us through the CandleGlance and explained her findings along the way.

Questions popped up again with Carl discussing his strategy of using dividend paying stocks in retirement. He mentioned the Dividend Aristocrats and Dividend Kings lists as a great source to find good dividends. Also a shout out to The Bahnsen Group ETF (TBG).

Erin finished by looking at viewer symbol requests.

It has been a great run learning and teaching about technical analysis. Thank you again for your support over the years!

01:10 DP Signal Tables

03:48 Market Overview

16:18 Magnificent Seven

22:53 Questions (Relative Strength with Silver Cross and Golden Cross Indexes)

29:18 Sector Rotation and Market CandleGlance

34:57 Question regarding dividend paying stocks

39:51 Symbol Requests


Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


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