Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.
Bitcoin, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView. Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.
Payments-focused cryptocurrency XRP struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger’s APEX 2025 conference kicks off in Singapore.
Meme cryptocurrency dogecoin traded nearly 2% lower, closing in on 18 cents, having failed to establish a foothold above the 100-day simple moving average (SMA) over the weekend.
Hang Seng tops 24K
Hong Kong’s Hang Seng index rose 1.3%, topping the 24,000 mark for the first time since March 24, according to data source TradingView. The move came in response to the optimism about the U.S.-China trade talks this week.
“Optimism is as high as it’s been since Trump’s election as top trade deputies will meet in London starting on Monday. There are indications that talks will go all week and Trump himself is optimistic,” ForexLive’s Chief Currency Analyst Adam Button said in a blog post.
“The meeting should go very well,” President Donald Trump said on Truth Social Friday, announcing the new round of trade talks in London.
Other Asian indices, such as South Korea’s KOSPI and China’s Shanghai Composite, also gained ground despite the deepening consumer and factory gate deflation in China.
China’s deflation worsens
China’s consumer prices fell 0.1% year-over-year in May, according to data from the National Bureau of Statistics released on Monday. The CPI first turned negative in February. Meanwhile, the producer price index, or factory gate prices, fell 3.3% year-over-year in May, registering a sharper decline than the 3.2% drop analysts had expected. Factory gate prices have been in deflation since October 2022.
According to Robin Brooks, senior fellow in the Global Economy and Development program at the Brookings Institution, the U.S. tariffs are generating a deflationary shock for major exporters like China.
“China’s producer price inflation for consumer goods is down to its lowest level since the 2008 crisis. U.S. tariffs will now push China into full-on deflation. All necessary conditions for deflation are there: weak consumption and a debt overhang. U.S. tariffs are now the catalyst…,” Brooks said.
The worsening deflation could prompt China to stimulate domestic demand with further liquidity easing. China’s central bank in May cut the key interest rates by 10 basis points to a historic low while reducing the reserve requirement ratio, releasing liquidity into the market. Last week, the state-run China Securities Journal reported that the People’s Bank of China may lower the reserve requirement ratio further later this year to support growth and restart government bond trading.
Focus on U.S. CPI
The U.S. consumer price index for May due Wednesday will be scrutinized by markets for clues that Trump’s tariffs are adding to price pressures in the economy. The headline CPI is seen matching April’s pace of 0.2% month-on-month growth, equating to an annualized 2.5% rise versus April’s 2.3% increase. Meanwhile, the core inflation, which excludes the volatile food and energy component, is forecast to have ticked higher to 2.9% in May from 2.8% in April.
Economists at Barclays expect the data to show first signs of tariffs-related price increases across a wide range of core goods. A hotter-than-expected print could dent Fed rate cuts, potentially injecting downside volatility in financial markets. Bullish Group, majority owned by Block.one, has significant interests in various blockchain and digital asset businesses, with substantial holdings in assets like bitcoin. CoinDesk, operating as an independent subsidiary, ensures journalistic integrity through an editorial committee chaired by a former editor-in-chief of The Wall Street Journal.
The partnership between Bullish Group and Block.one underscores their commitment to the blockchain and digital asset space. With a focus on innovative technologies and investments, both companies aim to drive growth and development in the industry. Their shared vision for the future of finance and technology positions them as key players in the evolving landscape of digital assets.
As leaders in the field, Bullish Group and Block.one bring a wealth of experience and expertise to the table. Their strategic investments and collaborations with other industry players have solidified their position as frontrunners in the digital asset space. By leveraging their combined resources and networks, they continue to make significant contributions to the growth and development of blockchain technology.
CoinDesk, as an independent subsidiary, plays a crucial role in providing accurate and unbiased news and analysis in the digital asset space. With the support of an editorial committee chaired by a seasoned journalist, CoinDesk upholds the highest standards of journalistic integrity. This ensures that readers can trust the information and insights provided by the platform.
The partnership between Bullish Group, Block.one, and CoinDesk represents a powerful alliance in the digital asset space. With a focus on innovation, integrity, and growth, these companies are well-positioned to shape the future of finance and technology. As they continue to expand their reach and influence, they are set to play a significant role in driving the adoption and mainstream acceptance of blockchain and digital assets. Cryptocurrency has become a hot topic in recent years, with many people investing in various digital assets. CoinDesk is a well-known media outlet that covers the cryptocurrency industry, providing readers with the latest news and analysis.
CoinDesk has won awards for its journalism, showcasing its dedication to providing accurate and reliable information to its audience. The media outlet follows strict editorial policies to ensure that its reporting is unbiased and independent.
As part of the Bullish group, CoinDesk is committed to upholding integrity and editorial independence in its publications. The media outlet is transparent about its ownership and investments in digital asset businesses, ensuring that readers are aware of any potential conflicts of interest.
It is important for readers to be aware that CoinDesk employees, including journalists, may receive compensation in the form of equity from the Bullish group. This disclosure is in line with CoinDesk’s commitment to transparency and ethical journalism.
Overall, CoinDesk remains a trusted source of information for those interested in the cryptocurrency industry. By adhering to strict editorial policies and maintaining transparency about its ownership and investments, CoinDesk continues to provide valuable insights and analysis to its readers. The Benefits of Regular Exercise
Regular exercise is an essential component of a healthy lifestyle. Whether you prefer hitting the gym, going for a run, practicing yoga, or playing sports, incorporating physical activity into your daily routine can have numerous benefits for both your physical and mental well-being.
One of the most obvious benefits of regular exercise is improved physical health. Engaging in regular physical activity can help you maintain a healthy weight, build and maintain muscle mass, and improve your cardiovascular health. Exercise can also help reduce your risk of developing chronic conditions such as heart disease, diabetes, and certain types of cancer.
In addition to the physical benefits, exercise can also have a positive impact on your mental health. Regular physical activity has been shown to reduce symptoms of anxiety and depression, improve mood, and enhance cognitive function. Exercise releases endorphins, also known as “feel-good” hormones, which can help boost your mood and reduce stress levels.
Another benefit of regular exercise is improved sleep quality. Physical activity can help regulate your sleep-wake cycle and promote better sleep patterns. Getting an adequate amount of sleep is essential for overall health and well-being, and exercise can help you achieve a more restful night’s sleep.
Regular exercise can also boost your energy levels and improve your overall quality of life. By increasing your physical fitness, you may find that you have more energy to tackle daily tasks and activities. Exercise can also help improve your endurance and stamina, making it easier to engage in physical activities for longer periods of time.
In addition to the physical and mental benefits, regular exercise can also help improve your self-esteem and confidence. Achieving fitness goals and seeing improvements in your physical abilities can boost your self-confidence and make you feel more positive about yourself.
In conclusion, regular exercise is an important component of a healthy lifestyle. The benefits of exercise extend beyond physical health to include improved mental well-being, better sleep quality, increased energy levels, and enhanced self-esteem. Whether you prefer high-intensity workouts or gentle yoga sessions, finding a form of exercise that you enjoy can help you reap the many benefits that physical activity has to offer. So lace up your sneakers, grab your yoga mat, or dust off your tennis racket, and start reaping the rewards of regular exercise today. The Impact of Climate Change on Global Agriculture
Climate change is a pressing issue that is affecting various aspects of our planet, including agriculture. The changing climate patterns are having a significant impact on global agriculture, leading to crop failures, decreased yields, and increased food insecurity. In this article, we will explore the ways in which climate change is affecting agriculture around the world and what can be done to mitigate its effects.
One of the most significant ways in which climate change is affecting agriculture is through changes in temperature and precipitation patterns. Rising temperatures can lead to heat stress in crops, reducing their growth and productivity. Additionally, changes in precipitation patterns, such as increased droughts or heavy rainfall events, can also negatively impact crop yields. For example, prolonged droughts can lead to water shortages, while heavy rainfall events can cause flooding and soil erosion.
Another way in which climate change is affecting agriculture is through the spread of pests and diseases. Warmer temperatures can create more favorable conditions for pests to thrive, leading to increased infestations in crops. Additionally, changes in temperature and precipitation patterns can also create new habitats for pests to spread to new areas. This can lead to significant crop losses and increased use of pesticides, which can have negative environmental consequences.
Furthermore, climate change is also affecting agriculture through changes in the availability of water resources. As temperatures rise and precipitation patterns change, water scarcity is becoming a major issue in many regions around the world. This can have a significant impact on crop production, as water is essential for plant growth and development. In some regions, farmers are being forced to rely on unsustainable water sources, such as groundwater, which can lead to depletion and contamination of water resources.
In order to mitigate the effects of climate change on agriculture, it is important for policymakers, farmers, and researchers to work together to develop sustainable farming practices. This includes implementing water-saving irrigation techniques, such as drip irrigation, and promoting the use of drought-resistant crop varieties. Additionally, investing in research and development of climate-resilient crops can help farmers adapt to changing climate conditions.
Furthermore, it is also important to address the root causes of climate change by reducing greenhouse gas emissions. This can be done through transitioning to renewable energy sources, reducing deforestation, and promoting sustainable land use practices. By taking action to reduce our impact on the environment, we can help protect agriculture and ensure food security for future generations.
In conclusion, climate change is having a significant impact on global agriculture, leading to crop failures, decreased yields, and increased food insecurity. It is important for policymakers, farmers, and researchers to work together to develop sustainable farming practices and mitigate the effects of climate change. By taking action to address the root causes of climate change, we can help protect agriculture and ensure food security for future generations. With the rise of technology in the modern world, it is no surprise that the way we live our lives has drastically changed. From the way we communicate to the way we work, technology has become an integral part of our daily routines. One area that has seen significant advancements due to technology is the field of healthcare.
The integration of technology in healthcare has revolutionized the way patients receive care and how healthcare providers deliver it. This has led to improved patient outcomes, increased efficiency, and better overall quality of care. In this article, we will explore the various ways in which technology has transformed the healthcare industry.
One of the most significant advancements in healthcare technology is the electronic health record (EHR) system. EHRs have replaced traditional paper-based medical records, allowing for easy access to patient information by healthcare providers. This has streamlined the process of patient care, as healthcare providers can quickly access a patient’s medical history, medications, and test results with the click of a button. EHRs also allow for better coordination of care among different healthcare providers, leading to improved communication and collaboration.
Another way technology has transformed healthcare is through telemedicine. Telemedicine allows patients to receive medical care remotely, without having to visit a healthcare facility in person. This has been especially beneficial during the COVID-19 pandemic, as it has allowed patients to receive care while minimizing the risk of exposure to the virus. Telemedicine has also improved access to care for patients in rural or underserved areas, who may not have easy access to healthcare facilities.
Advancements in medical devices and equipment have also greatly improved patient care. From wearable devices that monitor vital signs to robotic surgical systems that assist in complex surgeries, technology has enabled healthcare providers to deliver more precise and effective treatments. These advancements have led to better patient outcomes and reduced recovery times for many patients.
Additionally, technology has played a crucial role in research and development in the healthcare industry. With the use of big data analytics and artificial intelligence, researchers can analyze large sets of data to identify trends and patterns in health outcomes. This has led to the development of new treatments and therapies that have the potential to revolutionize the way we treat various medical conditions.
Overall, the integration of technology in healthcare has transformed the industry in numerous ways. From improved patient care to increased efficiency, technology has revolutionized the way healthcare is delivered. As technology continues to advance, we can expect to see even more innovations that will further improve patient outcomes and revolutionize the healthcare industry as we know it. The Importance of Mental Health in Today’s Society
In today’s fast-paced and high-pressure society, mental health has become more important than ever. With increasing stress levels, societal expectations, and the constant bombardment of information through technology, it is crucial that individuals prioritize their mental well-being.
Mental health encompasses a person’s emotional, psychological, and social well-being. It affects how we think, feel, and act, and plays a significant role in our overall health and quality of life. When mental health is neglected, it can lead to a variety of issues such as anxiety, depression, substance abuse, and suicidal thoughts.
One of the main reasons why mental health is so important is its impact on physical health. Research has shown that individuals with poor mental health are more likely to suffer from chronic illnesses such as heart disease, diabetes, and obesity. This is because mental health issues can lead to unhealthy behaviors such as poor diet, lack of exercise, and substance abuse.
Furthermore, mental health also affects our relationships and social interactions. When we are struggling with mental health issues, it can be difficult to maintain healthy relationships with friends, family, and colleagues. This can lead to feelings of isolation, loneliness, and a lack of support system, which can further exacerbate mental health issues.
In the workplace, mental health is also crucial. Employees who are struggling with mental health issues are more likely to experience burnout, decreased productivity, and absenteeism. This not only affects the individual’s well-being but also impacts the overall success of the organization.
It is important for individuals to prioritize their mental health by practicing self-care, seeking support when needed, and maintaining a healthy work-life balance. This can include activities such as exercise, meditation, therapy, and spending time with loved ones.
In addition, society as a whole needs to reduce the stigma surrounding mental health and increase access to mental health resources. This includes providing affordable and accessible mental health services, educating the public on mental health issues, and promoting open conversations about mental health.
Overall, mental health is a crucial aspect of our overall well-being and should be prioritized in today’s society. By taking care of our mental health, we can improve our physical health, relationships, and overall quality of life. It is time to break the stigma surrounding mental health and make it a priority for everyone. the perspective of a travel blogger experiencing the beauty of the Amalfi Coast in Italy for the first time.
As I stepped off the train in Salerno, Italy, I was immediately struck by the vibrant colors and bustling energy of the city. I had been dreaming of visiting the Amalfi Coast for years, and finally, my dream was becoming a reality. The Amalfi Coast is known for its stunning scenery, charming towns, and delicious cuisine, and I couldn’t wait to explore every inch of this picturesque region.
I decided to start my journey in the town of Positano, one of the most famous and beautiful towns on the Amalfi Coast. As I wound my way down the narrow, cobbled streets, I was surrounded by pastel-colored buildings perched precariously on the steep cliffs overlooking the sparkling blue sea below. It felt like something out of a postcard, and I couldn’t believe I was actually there.
I spent the day wandering through Positano’s charming streets, stopping to admire the stunning views at every turn. I sampled fresh seafood at a local restaurant, sipped on limoncello in a quaint cafe, and even tried my hand at bargaining for souvenirs in the town’s bustling market. Everywhere I turned, there was something new and beautiful to discover.
The next day, I hopped on a bus to explore the neighboring town of Amalfi. As we wound our way along the cliffside road, I was treated to breathtaking views of the rugged coastline and crystal-clear waters below. When we finally arrived in Amalfi, I was greeted by the sight of the town’s iconic cathedral, its colorful dome shining in the sun.
I spent the day exploring Amalfi’s historic streets, visiting the cathedral, and soaking up the laid-back vibe of this charming town. I indulged in a delicious seafood lunch at a waterfront restaurant, where I watched the fishing boats bobbing in the harbor as I enjoyed my meal.
One of the highlights of my trip to the Amalfi Coast was a boat tour to the island of Capri. As we sailed across the sparkling waters, I marveled at the towering cliffs and hidden coves that dotted the coastline. When we arrived in Capri, I was enchanted by the island’s rugged beauty and glamorous atmosphere. I explored the charming town of Anacapri, hiked to the top of Monte Solaro for panoramic views, and even splurged on a private boat tour of the island’s famous Blue Grotto.
As my time on the Amalfi Coast came to an end, I found myself wishing I could stay forever. The beauty of this region, with its charming towns, stunning landscapes, and warm hospitality, had captured my heart in a way I never expected. I knew that I would always carry the memories of my time on the Amalfi Coast with me, and I couldn’t wait to return to this magical place again someday.