2d ago
Alkane posts FY26 net profit after tax of A$228.7 million, up 592%
Gold miner Alkane reported FY26 net profit after tax of A$228.7 million, up 592% year on year. The result was driven by a 140% jump in gold production to 168,337 ounces from the Tomingley, Costerfield and Björkdal mines, alongside an average realised gold price of A$5,664 per ounce. Revenue rose 257% from a year earlier. The company ended the year with A$454 million in cash, bullion and listed investments.
2d ago
2d ago
World Liberty Financial appoints Mack McCain as chief legal and administrative officer and Ryan Ballantyne as chief business officer
World Liberty Financial (WLFI) appointed Mack McCain as chief legal and administrative officer, putting him in charge of the trust company’s governance framework. It also named Ryan Ballantyne chief business officer to expand USD1’s institutional commercial network. The company says the two hires are meant to close the capability gap between issuing a stablecoin and building financial infrastructure. The OCC has granted World Liberty Trust Company only conditional preliminary approval rather than a final license, while the firm plans for the entity to handle USD1 issuance and redemption and provide digital-asset custody services.
USD1
USD1+0.01%
2d ago
2d ago
HKEX gold futures hit post-2018 delivery high with 145kg of physical settlement
HKEX gold futures recorded physical delivery of 145kg on Wednesday, more than double the previous 63kg record set in December 2018, marking the contract’s highest single-day tally since its 2018 launch. The contract was relaunched on July 6 with a market-wide waiver of the US$1 per-contract trading fee, and it has averaged 9,974 contracts a day with total trading value of US$1.35 billion. On the same day, the US Treasury said it would at least double the size of its liquidity-support buyback operations for long-dated bonds, and gold rose to about US$4,540 per ounce on Friday.
2d ago
2d ago
European stocks edge up on gold gains, but remain set for weekly drop
European shares posted modest gains on Friday, supported by a rise in gold prices, though the region was still poised for a weekly decline. Investors weighed persistent strain in global bond markets, while a diplomatic deadlock in the Gulf lifted oil prices and renewed inflation worries. Data showed $2.44 billion flowed into European equities in the week to Aug. 12, the biggest weekly inflow since late February. Brent crude touched a one-month high of $94.71 before profit-taking emerged.
2d ago
2d ago
Fidelity asks SEC to allow staking in its Ethereum ETF
Asset-management giant Fidelity has filed an application with the U.S. Securities and Exchange Commission (SEC) seeking permission to add staking to its Ethereum exchange-traded fund. The move is intended to create an additional source of returns for the fund’s shareholders. If approved, it would represent a significant evolution in the structure of Ethereum ETF products and further integrate traditional financial products with crypto-native yield mechanisms.
ETH
ETH+0.16%
2d ago