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Gold Hits New All-Time High of $3,759.12 Per Ounce

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Spot gold (XAU/USD) has surged to a fresh all-time high today, September 23, 2025, peaking at $3,759.12 per ounce. This marks another milestone in what has been a banner year for the precious metal, with prices up over 42% year-over-year and nearly 35% since January 2025.

The current trading price hovers around $3,744.74, reflecting a 1.69% daily gain as of late yesterday. Gold’s relentless climb isn’t happening in a vacuum—it’s fueled by a potent mix of macroeconomic and geopolitical factors:

Markets are pricing in a near-certain 25 basis-point cut at the Federal Reserve’s September 17-18 meeting, with broader easing expectations through 2025-2026. Lower rates reduce the opportunity cost of holding non-yielding assets like gold.

Sticky inflation tracked via U.S. CPI and stagflation risks are pushing investors toward safe-haven assets. Gold’s role as an inflation hedge is amplified by U.S. policy uncertainties and global trade tensions.

Central banks are forecasted to purchase around 900 tonnes in 2025, driven by diversification needs. Investor demand, especially from ETFs and Chinese markets, is adding fuel to the fire. Ongoing tensions (e.g., U.S. elections, Middle East conflicts) are boosting gold’s appeal amid volatile equities and a softening USD.

This isn’t the first ATH of the month—gold first breached $3,700 on September 17 and topped $3,500 earlier in early September. Analysts like those at ANZ and UBS have raised year-end targets to $3,800, with some forecasting $4,200 by 2026 and peaks near $5,155 by 2030.

Resistance levels are eyed at $3,754 (H4 chart), with supports at $3,714 and $3,672—any dip could sweep liquidity lower. Broader chatter links it to stocks and Bitcoin nearing highs, with RSI readings on gold at levels not seen since the 1980s, hinting at potential overbought conditions but sustained momentum.

While pullbacks are possible (e.g., to test supports), the consensus remains bullish—gold could test $3,800 soon if rate-cut bets hold and risks escalate. If you’re trading or investing, watch Friday’s U.S. nonfarm payrolls for fresh cues. This run underscores gold’s resilience in a world of uncertainty—classic safe-haven playbook.

Gold’s rise suggests investors are bracing for uncertainty, driven by sticky inflation, potential stagflation, and U.S. policy volatility post-election. This could pressure riskier assets like equities, with S&P 500 futures already showing choppiness.

Wealth preservation is taking precedence, with gold acting as a hedge against currency debasement and market corrections. Expect continued inflows into gold ETFs and physical gold. Emerging markets, especially those with weaker currencies, may see increased gold demand as a store of value, potentially straining local monetary policies.

A softening U.S. dollar DXY down ~2% this month amplifies gold’s appeal, especially for non-USD investors. A weaker USD could persist if Fed easing outpaces other central banks. With U.S. CPI still above the Fed’s 2% target, gold’s role as an inflation hedge is reinforced, particularly as real yields remain low or negative.

Gold’s RSI nearing overbought levels (last seen in the 1980s) suggests potential for short-term pullbacks to supports at $3,714 or $3,672. Traders on X are eyeing these levels for buy-the-dip strategies. High leverage in futures markets COMEX open interest up 5% month-on-month could amplify volatility if sentiment shifts.

Gold’s historical correlation with inflation makes it a go-to asset for preserving purchasing power, especially as M2 money supply growth raises long-term debasement concerns. The World Gold Council forecasts ~900 tonnes of central bank gold purchases in 2025, led by China and India, to hedge against USD dominance and sanctions risks.

Resistance at $3,754 (H4) and $3,800; supports at $3,714 and $3,672. A dip could offer buying opportunities, but overbought RSI warns of a potential pause. Escalation in Middle East or U.S.-China trade rhetoric could drive gold toward $3,800-$4,000 by year-end.

Gold’s surge to $3,759.12 reflects a perfect storm of Fed easing, inflation fears, geopolitical risks, and robust demand from central banks and investors. The implications point to sustained safe-haven demand, potential equity market pressure, and a bullish outlook for gold possibly $4,200 by 2026.

The CZ-Backed Challenger, ASTER DEX, Is Shaking Up Perps Trading

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Aster DEX, a multi-chain decentralized exchange (DEX) specializing in perpetual futures (perps) and spot trading, has rapidly ascended as a formidable rival to Hyperliquid in the DeFi derivatives space.

Launched in mid-September 2025 via a stealth token generation event (TGE) and rebranding from Astherus/APX Finance, Aster operates across BNB Chain, Ethereum, Solana, and Arbitrum, with its own privacy-focused Layer-1 (Aster Chain) in development.

Backed by YZi Labs and publicly endorsed by Binance co-founder Changpeng Zhao (CZ), the platform emphasizes MEV-resistant execution, yield-bearing collateral (e.g., asBNB staking at ~30% APY or USDF stablecoins), hidden orders for privacy, and up to 1001x leverage—features designed to attract both retail degens and institutional traders.

CZ’s endorsement on September 17, 2025, via a tweet sharing Aster’s price chart with “Well done! Good start. Keep building!”—his first non-BNB shoutout—ignited the surge, amassing over 3 million impressions and fueling speculation of Binance listing.

This has positioned Aster as a “Binance cartel” play, with analysts drawing parallels to past CZ-backed successes like MYX Finance (1,000% returns in days) and BNB’s historical pumps.

Aster Surpasses Hyperliquid

Aster has indeed flipped Hyperliquid in Total Value Locked (TVL), a key metric for liquidity and user trust in DEXs. Within days of launch, Aster’s TVL rocketed from $3.72 million to over $1 billion, hitting $758 million by September 20—eclipsing Hyperliquid’s $686 million at the time.

By September 21, Aster maintained a lead at $674 million vs. Hyperliquid’s $671 million, per DeFiLlama data. This flip occurred despite Aster’s youth: it achieved $1.005 billion TVL in its first 24 hours, driven by 330,000 new wallets and incentives like Stage 2 points farming (rewarding volume, holdings, PnL, and referrals for future airdrops).

Hyperliquid, the 2025 perps leader with 73% market share and $320 billion in yearly volume, remains dominant in trading activity ($4.15 billion 24h volume vs. Aster’s $1.72 billion).

However, Aster’s multi-chain liquidity aggregation and features like 24/7 US stock perps (e.g., Tesla, Nvidia) are eroding that edge, with projections for Aster to capture more share via ZK proofs and intent-based cross-chain automation by year-end.

Aster’s TVL growth stems from yield incentives (e.g., ALP pools sharing fees/PnL) and community allocation: 53.5% of $ASTER supply for airdrops, far above the typical 30%. Critics note potential UI bugs and fewer pairs 101 symbols vs. Hyperliquid’s broader memecoin coverage, but whale activity—like a $7.5 million buy and $1.12 million profit on APX conversions—signals conviction.

$ASTER Hits $9B FDV in Under a Week

$ASTER launched at ~$0.084 on September 17, exploding 1,650% to $0.528 in 24 hours amid $345 million volume and 330,000 new users. By September 22, it traded at $1.49 up 19.51% daily, pushing market cap to $2.47 billion and fully diluted valuation to ~$9-10 billion (total supply: 8 billion tokens, 1.7 billion circulating).

This 17x+ run from launch equates to a $9B FDV in just 5 days, defying airdrop unlock fears (704 million tokens distributed initially). At a $9B FDV, $ASTER trades at a fraction of Hyperliquid’s $52-58B, with a superior TVL:FDV ratio (~1:13 vs. Hyperliquid’s 1:80).

Revenue stands at $50 million+ YTD ($2 million in the last week), with 4.7% DEX market share. Tokenomics favor community: 30% ecosystem, 7% treasury (governance-locked), 5% team (vested), and 4.5% liquidity. Upcoming catalysts include Stage 2 airdrops (5x multipliers for asBNB/ALP holders) and Aster Chain mainnet.

$ASTER’s volume-to-market-cap ratio (0.47x) indicates high speculation, but fundamentals like $17 billion daily perp volume potential and privacy tools (hidden orders) substantiate the hype. Risks include token overhang and competition from Lighter/edgeX, but CZ’s history suggests aggressive growth plays.

Aster’s trajectory mirrors Hyperliquid’s 2024 dominance but with Binance ecosystem synergies. If it sustains TVL inflows and captures 10-20% more volume, $ASTER could 3-5x from here, targeting $15-30B FDV.

Trade on Aster DEX (asterdex.com) or exchanges like KCEX/PancakeSwap; stake for yields and farm points. The DeFi perps market—now multi-billion daily—is ripe for multi-chain disruption. As one X user put it: “The perps DEX wars are far from over.”

United States Antimony Secures $245m Defense Contract as Trump Administration Ramps Up Strategic Mineral Push

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United States Antimony Corporation (UAMY.A) announced on Tuesday that it has secured a sole-source, five-year contract worth up to $245 million from the U.S. Defense Logistics Agency (DLA) to supply antimony metal ingots for the national defense stockpile.

The contract, one of the largest in USAC’s history, underscores a broader Trump administration drive to fortify U.S. supply chains for critical minerals amid rising geopolitical tensions and growing reliance on imports from China and other foreign suppliers.

Strategic Importance of Antimony

Antimony, a lesser-known but vital element, plays a crucial role in U.S. defense and industrial applications. It is used in munitions, military-grade alloys, batteries, and flame-retardant materials. Defense officials have repeatedly flagged the mineral as a vulnerability in America’s industrial base, noting that the United States imports the vast majority of its supply from overseas, particularly China and Russia.

The Pentagon is signaling its intent to rebuild domestic production capacity and reduce reliance on adversarial nations by tapping USAC, which operates the only two antimony smelters in North America.

“This contract is incredibly meaningful for all our employees to play such a strategic role in strengthening our nation’s defense readiness,” said USAC CEO Gary C. Evans in a statement.

The company added that it is ready to begin immediate fulfillment from its domestic facilities, with the first delivery order expected this week.

President Donald Trump has made mineral security a cornerstone of his national security and economic independence agenda. Since returning to the office, Trump has signed a series of executive orders and policy directives to secure access to critical minerals, ranging from rare earth elements to battery metals, viewing them as linchpins for defense readiness and future manufacturing competitiveness.

The antimony deal follows months of negotiations and builds on a growing partnership between USAC and the Department of Defense that accelerated in late 2024. It also dovetails with the administration’s broader push to restore domestic industrial capabilities weakened by decades of offshoring.

How the U.S. Lost Its Antimony Edge

Until the mid-20th century, the United States maintained a modest but steady domestic supply of antimony, largely sourced from mines in Idaho, Montana, and Nevada. By the 1990s, however, most of those operations had shuttered, leaving U.S. smelters dependent on foreign concentrate. At the same time, China emerged as the dominant global supplier, eventually controlling more than 80% of world output.

As domestic mining faded, the U.S. stockpile dwindled, leaving defense planners increasingly uneasy about strategic vulnerabilities. Antimony’s role in ammunition and military-grade compounds meant that disruptions in supply could have direct implications for national security.

The U.S. has faced periodic supply shocks in the past, including in the late 2010s when China imposed export restrictions, driving up costs for Western manufacturers. Those episodes underscored the risks of dependence, setting the stage for the Trump administration’s current push to reestablish domestic capacity.

The U.S. move echoes steps taken by other Western nations in recent years. The European Union has created a Critical Raw Materials Act to reduce reliance on China for rare earths and other strategic minerals. Japan and Australia have similarly partnered to diversify supplies and expand domestic processing capacity. For Washington, the USAC contract represents a concrete step toward achieving similar resilience in an area where U.S. dependence has been acute.

Industry analysts believe that the contract could also serve as a template for future government-private sector partnerships across other critical minerals, such as lithium, cobalt, and rare earths.

Market Impact

News of the deal is expected to bolster investor confidence in USAC, a relatively small-cap company now tasked with playing an outsized role in U.S. defense preparedness. Beyond its immediate financial implications, the contract positions USAC at the center of America’s mineral security strategy over the next five years.

For defense planners, the move is expected to reduce a strategic vulnerability, while for USAC, it marks a transformation from a niche smelter into a critical national supplier, and the revival of an industry once thought permanently outsourced.

Meta Escalates Fight Against AI Regulation With New Super PAC

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Facebook founder and properties

Meta has dramatically raised the stakes in Big Tech’s battle over artificial intelligence oversight, committing “tens of millions” of dollars to a newly launched super PAC designed to influence state-level politics, Axios reports.

The group, called the American Technology Excellence Project, will back candidates in the 2026 midterms who embrace AI development and oppose restrictive tech policies. The move comes as statehouses across the U.S. consider an unprecedented wave of legislation in the absence of federal action.

According to policy trackers, more than 1,000 AI-related bills were introduced in state legislatures during the 2025 session, ranging from transparency mandates to outright bans on certain AI applications. For Silicon Valley, the patchwork is increasingly viewed as a major business risk.

A Bipartisan Political Machine

Meta’s super PAC is structured to appeal across party lines. Republican strategist Brian Baker will co-lead the effort alongside Hilltop Public Solutions, a prominent Democratic consulting firm. The bipartisan leadership reflects Meta’s intention to align with politicians who prioritize innovation, regardless of partisan affiliation.

Company spokesperson Rachel Holland described the PAC’s focus as promoting U.S. technological leadership, defending AI progress, and ensuring parents maintain control over how children use AI and online apps. That last priority is a direct response to heightened scrutiny over child safety after internal documents revealed that Meta chatbots had engaged in “romantic” conversations with minors, while whistleblowers alleged the company suppressed research into those risks.

California at the Forefront

Meta has already tested this approach with a California-focused PAC launched last month. California is the epicenter of AI legislation, with two bills on Governor Gavin Newsom’s desk. SB 243 would regulate AI companion chatbots to protect minors and vulnerable users, while SB 53 would impose sweeping transparency requirements on large AI companies. How Newsom acts on these bills could set the tone for the rest of the country.

Brian Rice, Meta’s VP of public policy, said the new PAC will “support the election of state candidates across the country who embrace AI development, champion the U.S. technology industry, and defend American tech leadership at home and abroad.” His language reflects a broader Silicon Valley concern: that fragmented state-level rules could slow down innovation and leave the U.S. lagging in its race with China for AI dominance.

Silicon Valley’s Broader Political Offensive

Meta is not alone in this fight. Just last month, Andreessen Horowitz and OpenAI president Greg Brockman unveiled their own pro-AI super PAC, with a war chest of $100 million. That group shares Meta’s goal of preventing what the industry sees as harmful state-level restrictions, arguing that AI development must remain agile and nationally coherent to compete globally.

Where Meta’s PAC leans heavily on its parental control message and a bipartisan management team, the Andreessen Horowitz–OpenAI venture reflects Silicon Valley’s pure financial muscle and its emphasis on keeping AI policy firmly in federal hands. Their strategy aligns with a failed proposal earlier this year that would have barred states from regulating AI for 10 years — a measure narrowly excluded from the federal budget after fierce debate.

Taken together, the two PACs reveal the contours of a high-stakes lobbying arms race. Meta has positioned itself as a tech company seeking to balance safety messaging with innovation, hoping to soften regulatory scrutiny by emphasizing family concerns. Andreessen Horowitz and OpenAI, by contrast, have adopted a more straightforward posture, openly spending to make sure AI innovation is not slowed down by what they see as politically fragmented rules.

Meta has yet to disclose which states the American Technology Excellence Project will prioritize, or how many staffers it will employ. But with two of Silicon Valley’s biggest players now bankrolling political machines, the fight over AI regulation is poised to dominate next year’s midterms.

Meta’s gamble is to pair a child-safety message with political spending to blunt the impact of bills like California’s SB 243 and SB 53, while for Andreessen Horowitz and OpenAI, the calculus is to use money to keep statehouses at bay and keep AI’s regulatory battles in Washington.

Either way, the message from Silicon Valley is that the race to shape AI policy is no longer just a matter of lobbying. It is now one of the most expensive political projects in American technology history.

Disney to Raise Streaming Prices in October as Rivals Tighten Market Competition

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Disney has announced sweeping price increases across its streaming services, effective October 21, 2025, deepening its push to lift revenue from its direct-to-consumer business.

The move affects standalone Disney+ subscriptions as well as bundles that include Hulu, ESPN, and HBO Max, placing Disney squarely within the broader trend of escalating streaming costs across the industry.

The New Pricing Structure

The changes are extensive:

  • The Disney+ ad-supported plan will increase by $2, reaching $11.99 per month.
  • The Disney+ Premium (no ads) plan will rise by $3 to $18.99 per month, with the annual option climbing by $30 to $189.99 per year.
  • The Disney+ and Hulu ad-supported bundle will increase by $2 per month.
  • Both Disney+, Hulu, and ESPN bundles, as well as Disney+, Hulu, and HBO Max bundles, will see a $3 per month hike.

By contrast, NFL+ plans will remain at current prices, offering stability for sports fans.

Disney previously lifted its subscription prices in October 2024, with most plans going up between $1 and $2. Management had hinted at another round of increases during its third-quarter 2025 earnings call, saying it expected only a modest increase in Disney+ subscribers in its fourth fiscal quarter.

The announcement comes at a delicate moment for Disney. The company has faced mounting scrutiny following ABC’s decision last week to pull Jimmy Kimmel Live! off the air after the host’s remarks about the alleged killer of conservative activist Charlie Kirk. After nearly a week of backlash from viewers and other late-night hosts, Disney announced the show’s reinstatement on Tuesday.

During the interim, some fans declared on social media that they were canceling their Disney+ subscriptions in solidarity with Kimmel. The timing of the price hike, coinciding with this controversy, adds to consumer sensitivity around the brand.

How Disney’s Pricing Compares

The streaming market has become increasingly crowded, and price hikes have swept across the industry as companies race toward profitability. Disney’s new pricing now sits alongside — and in some cases above — its biggest rivals.

  • Netflix currently charges about $7.99 per month for its ad-supported tier, $17.99 per month for its ad-free standard plan, and $24.99 per month for its premium tier.
  • Max (formerly HBO Max) charges around $9.99 per month for its ad-supported tier, with ad-free plans ranging between $16.99 and $20.99 per month depending on features.
  • Apple TV+, which has steadily raised prices since its low-cost launch, now costs $12.99 per month in the U.S.

In this landscape, Disney’s $11.99 ad-supported plan is higher than Netflix’s and HBO Max’s entry-level ad tiers, and it matches Apple’s newly elevated price. Its $18.99 premium plan is slightly above Netflix’s standard option and competitive with HBO Max’s higher ad-free offering, though still below Netflix’s premium tier.

Bundles and Consumer Calculus

Disney’s bundle strategy is central to its pricing play. By combining Disney+, Hulu, ESPN, and HBO Max, the company aims to lock in households willing to pay more for multiple services. However, those bundles — all climbing by $3 per month — also raise the baseline that subscribers compare against competitors offering cheaper standalone subscriptions.

Some introductory promotional pricing for bundles will remain available to new users for a limited period, a strategy meant to ease the shock of higher bills and retain customers in the short term.

Industry-Wide Pressures

Streaming companies have been under mounting pressure to justify soaring content budgets, sports rights deals, and technology infrastructure costs. Disney, Netflix, Max, and Apple have all raised prices in 2024–2025, signaling a broader industry move toward prioritizing average revenue per user over rapid subscriber growth.

For Disney, profitability in streaming has only just arrived after years of heavy losses, and higher per-subscriber revenue is essential to sustaining the business. Still, the combination of rising costs and political or reputational controversies, such as the Kimmel affair, risks accelerating churn.

But the price hikes may push some households to cut subscriptions, downgrade to ad-supported tiers, or switch between services depending on promotions. Disney’s decision to leave NFL+ pricing unchanged is likely a strategic attempt to keep its sports audience anchored even as other parts of the streaming package rise in cost.

However, the price hikes reflect both the company’s internal financial priorities and an industry-wide shift toward squeezing more revenue out of existing subscribers. But the timing — arriving in the wake of controversy at ABC — is expected to test customer loyalty.

With its ad-supported tier now more expensive than Netflix’s and HBO Max’s entry-level options, and its premium plan sitting in the middle of the pack, Disney is betting that brand strength, content breadth, and bundled value will outweigh consumer frustration over higher bills.