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Crypto

Copper hits record high, fuelling talk of altcoin strength signal

Copper futures have hit a record high, prompting talk that the move could ripple beyond commodities into cryptocurrencies. Some market analysts cite past episodes in which copper strength was followed months later by an altcoin rally, and see the rise as a possible sign of returning risk appetite. Copper has outperformed gold this year amid supply disruptions at major mines and rising demand from data centres, AI infrastructure, electric vehicles and power grids.

Crypto

Copper-gold ratio rebound raises Bitcoin bull market signal

The copper-gold ratio has broken above its 200-day moving average, prompting analysis that an early signal of a Bitcoin bull market has reappeared. CoinDesk reported the move was the first meaningful signal since September 2020 and has previously coincided with the start of Bitcoin rallies. The ratio stands at 0.00142, with copper at $6.65 per pound and gold near $4,700 an ounce. Market participants are watching whether the shift marks an early turn.

Telecommunications & Media

Nvidia, Corning team up to build 3 U.S. optical manufacturing sites

Nvidia has signed a multi-year agreement with Corning to build three optical-technology production sites in the United States. The companies plan to build or expand advanced manufacturing facilities in North Carolina and Texas to produce optical technology for Nvidia, creating at least 3,000 jobs and expanding Corning’s U.S. optical manufacturing capacity tenfold. Corning shares jumped 14 percent and Nvidia rose about 3 percent after the announcement.