The institutional staking platform Colossus Digital has received an investment of 1 million euros from SBI Ven Capital, with the funds used to launch its institutional encryption platform, connecting regulatory custodians with validators.

Colossus Digital has secured a €1 million investment from SBI Ven Capital, which will be used to launch its institutional encryption platform that connects regulated custodians with validators for stake and governance.

Analyst Nour Al Ali said that from the performance of the past 10 years, gold prices usually rebound in January, and the rebound is usually 3.5%. Building on its 13% gain in 2023, gold is already off to a strong start to 2024. Investors are now pricing in an 80% chance that the Fed will cut interest rates in March. Given gold's traditional Reverse relationship with Intrerest Rate and the US dollar, the upward momentum in gold prices is expected throughout the year. Market analysts Ven Ram and Mary Nicola believe that the dollar will weaken further this year. Upcoming US data, including employment data and Fed minutes, could further support gold. As 2023 comes to an end, the labor market is likely to remain resilient and wage growth slows, setting the stage for economic growth and inflation to return to the Fed's target, highlighting the market's view of Intrerest Rate and more increases.

Market analyst Ven Ram said U.S. Treasuries rallied, the dollar tumbled and stocks rallied more after the U.S. inflation data for June was released. The first reaction is overdone, the second is the right development, and the third still feels like a fairy tale. Rate pricing suggests the market believes the Fed will end its tightening policy after raising rates by 25 basis points later this month. But I think it's foolish to think the Fed's rate hike cycle is over when core inflation is at 4.8% and the labor market is still pretty strong. Even so, I don't think the dollar will benefit from further rate hikes from the Fed. That's because policymakers would need to raise rates quite aggressively to spur real interest rates in the U.S. to rise further, which is unlikely to happen.