Gold bears retain control as Iran tensions fuel inflation fears and revive Fed hike bets (FXStreet)

Gold prices declined as rising tensions involving Iran pushed oil prices higher, increasing concerns that inflation could remain elevated and keep interest rates higher for longer, as reported by FXStreet. Higher oil prices strengthened the U.S. dollar and revived expectations that the U.S. Federal Reserve may delay cutting rates, or even consider further rate hikes, making non-interest-bearing assets like gold less attractive to investors.

Bitcoin pulls back to $64,000 after hitting monthly high as bears take control (CoinDesk)

Bitcoin pulled back to around US $64,000 after reaching a monthly high of US $65,500, as traders took profits and renewed Iranian attacks on U.S. military bases added pressure to markets, as reported by CoinDesk. Ether and most altcoins also declined, with selling activity reportedly showing that cautious traders had regained control of the market.

Stripe’s $53 billion PayPal bid is a high-stakes play to own the future of digital payments (CoinDesk)

Stripe’s proposed US $53 billion acquisition of PayPal isn’t just about buying another payments company, it could reshape the future of digital payments, as reported by CoinDesk. Stripe could gain PayPal’s massive consumer network alongside its own merchant infrastructure, allowing it to expand services like digital wallets, stablecoins, and blockchain-based payments. The acquisition reflects growing competition among payment companies to become the primary platform for both traditional and digital money as finance increasingly moves on-chain. 

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