Frank Holmes of US Global Investors (NASDAQ:GROW) shares his forecast for gold and silver.
He sees gold testing US$5,000 per ounce next year and then reaching US$7,000 by the end of US President Donald Trump’s second term in office.
‘And I think that silver will be over US$100,’ he added.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
The Los Angeles Clippers continue to struggle after a 5-16 start that has been filled with off-court distractions.
The latest situation involving the team happened early Wednesday morning while the team was in Atlanta and Chris Paul shared on Instagram that he’s been “sent home.”
Clippers coach Tyronn Lue shared his thoughts on Paul’s departure ahead of Wednesday’s road game against the Atlanta Hawks.
“It just didn’t work out like we thought it would,” Lue said. “I don’t like it for CP, but it wasn’t a good fit. We understood that.”
The Clippers have lost eight of the last nine games, including five straight entering Wednesday.
“I don’t think we are 5-16 because of CP’s play,” Lue said. “I just don’t think it was a good fit for what he was looking for. It is what it is.”
Paul and Lue were said not to be on speaking terms for several weeks, according to ESPN.
The veteran guard was coming off the bench for L.A., playing just 16 of the first 21 games and averaging just 2.9 points and 3.3 assists per game in 14.3 minutes.
“Do I want CP to go out like this? No. I have a lot of respect for him and he’s been a friend of mine over the years,” Paul said. “You don’t want to see a great go out like this, but I’m sure he will find something because he’s a great player.”
Paul spent six seasons with the franchise from 2011-2017, reaching the All-Star game in each of those seasons.
He is the Clippers’ all-leader in total assists (4,076) and steals (2.1) per game.
With all the back and forth in the ongoing negotiations between the WNBA and WNBPA, it can be hard to keep up on all the changes.
Both sides agreed to a six-week extension to hammer out their differences on November 30. They now have until Jan. 9 to reach a new deal for the 2026 season and beyond while avoiding (for now) the possibility of a lockout or strike.Within days of the WNBA and WNBPA agreeing to extend the current CBA, the league reportedly offered a new proposal, which included an updated max player salary. The league’s latest offer is a maximum guaranteed base salary of $1 million, with projected revenue sharing raising max players’ total earnings to $1.2 million. However, the WNBPA reportedly plans to reject the WNBA’s latest offer over concerns with the league’s ‘math.’
As negotiations continue, here are some answer to questions surrounding the process, including new reporting from The Athletic that addresses multiple topics discussed by the WNBA and WNBPA.
The league’s latest proposal would reportedly raise the salary cap to $5 million a season per team, with increasing the cap over the length of the CBA that will be tied to revenue growth. The minimum player salary would rise to more than $225,000 and the average salary to $500,000. As previously mentioned, the max player salary would be worth more than $1.2 million. Under the current CBA, the salary cap is $1.5 million a season per team. Additionally, the minimum player salary is around $66,000, with the maximum salary worth just north of $249,000.
Revenue sharing has become the most debated topic between the two sides and a serious point of contention for the players’ association. Many specifics surrounding revenue sharing have been vague.
In the WNBA’s latest salary proposal, The Athletic reported Wednesday, players would receive less than 15% of league revenue. The WNBA’s revenue projection, according to the report, has that percentage decreasing over the life of the CBA. (Under the current CBA, WNBA players receive 9.3% of league revenue.)
The latest proposal does include a portion of revenue being shared 50-50. But what is being shared and how it works is unclear. The revenue-sharing component would not need to fit under the salary cap, which may explain how the league can propose a $5 million cap with an average salary of $500,000.
Among the many points of emphasis in the CBA, the impact on rookies has become increasingly important. In recent rounds of the negotiations, the league reportedly introduced a draft combine. In essence, to be draft eligible, invited players would be required to participate in the combine. The base rookie contract of any players invited who opts not to participate would be reduced by 50%.
Current rookie-scale contracts have also been discussed. The players’ association expressed a desire to reduce the length of rookie deals from four years to three, allowing players to reach free agency earlier and at a younger age.
Under the current CBA, training camp is allowed to start as early as April 1, but no more than 30 days before the season starts. In recent seasons, including 2025, training camps have opened in late April, with the season beginning in mid-May. (The 2025 WNBA season started on May 16, with training camp opening April 28.)
The WNBA has reportedly proposed increasing the length of the season, which would include an earlier start date with camps opening as early as March. If the date is moved up, it would directly interfere with the end of the women’s college basketball season, the WNBA draft and other leagues like Unrivaled and Project B.
An earlier start date could also affect the the league’s expansion teams, the Toronto Tempo and Portland Fire. Neither team can hold an expansion draft, explore free agency or otherwise build its roster until a CBA is ratified. If that doesn’t happen until January (in accordance with the latest six-week extension timeline), teams would have roughly two months to build a team before a suggested March start.
Additionally, with WNBA expanding to 15 teams this season and 18 teams by 2030, adding franchises in Cleveland (2028), Detroit (2029), and Philadelphia (2030), the season is bound to get longer. When the league began in 1997, it played a 28-game season. It has steadily increased the number as it has grown, going from 40 games in 2024 to 44 when it added the Golden State Valkyries in 2025.
Here are other key items the two sides are reportedly continuing to work through:
Darius Slay didn’t need to wait long to learn his landing spot.
One day after the Pittsburgh Steelers placed the six-time Pro Bowl cornerback on waivers, Slay was claimed by the Buffalo Bills.
Slay, 34, was a healthy scratch for the Steelers’ loss to the Bills on Sunday, with coach Mike Tomlin indicating the team had wanted to see what cornerback Asante Samuel Jr. could do after the team signed him in mid-November.
He started nine games for Pittsburgh this season but saw his role reduced in the two losses previous to him being made inactive.
In Buffalo, he joins a secondary allowing a league-low 163.2 passing yards per game as well as a 59.5% completion rate. Slay will provide depth behind starting outside corners Christian Benford and Tre’Davious White for a potential playoff run.
An attorney for Shilo Sanders has fired back at the trustee who is handling Sanders’ bankruptcy case and has asked the bankruptcy court to dismiss the trustee’s complaint against Sanders more than two years after the former Colorado football player filed a Chapter 7 petition with more than $11 million in debt.
In October, the trustee had filed a complaint against Sanders, son of Colorado coach Deion Sanders, claiming Shilo Sanders violated bankruptcy law by making unauthorized transfers of approximately $250,000.
Sanders’ attorney, Keri Riley, recently responded to this in a court filing by essentially saying the trustee got it all wrong. The issue relates to Shilo Sanders’ earnings from his name, image and likeness (NIL) through two companies he created called Big 21 LLC and Headache Gang LLC:
Was some of that money the property of the bankruptcy estate, which is managed by the trustee? Or was it property of Shilo and his companies?
A judge will have to decide whether the trustee, David Wadsworth, has sufficiently pleaded his case in his attempt to recover money from Sanders, 25. But it’s only one part of the larger bankruptcy case involving Sanders, which remains pending.
Sanders filed for bankruptcy in October 2023 in an effort to get out of more than $11 million in debt, almost all of it stemming from a court judgment against in 2022. But one of the prices of trying to get out of debt in bankruptcy court is that a trustee is put in charge of rounding up the debtor’s non-exempt assets for the bankruptcy estate, to be sold and divided among the creditors. This generally includes assets a debtor earned before filing for bankruptcy, not after.
Sanders’ attorney says these earnings came after he filed his petition for bankruptcy and the companies are distinct from the bankruptcy estate. She argued the earnings were not subject to collection by the trustee “under any theory” and the trustee took no action to manage the Big 21 company.
“All of the funds paid into, and subsequently out of Big 21 post-petition were post-petition earnings of the Debtor,” Shilo Sanders’ attorney said in the recent court filing obtained by USA TODAY Sports. “The Trustee acknowledges in the Complaint that the Debtor was earning money from NIL Deals both pre- and post-petition. As evidenced by the allegations in the Complaint, the NIL Deals were and are the Debtor’s primary source of income…. While the estate is entitled to ‘proceeds’ or ‘profits’ from the assets of the estate, the (law) expressly excludes ‘earnings from services performed by an individual debtor after the commencement of the case.’”
If the judge grants the motion to dismiss the trustee’s complaint, he doesn’t have to give back the money in question. If the judge doesn’t grant it, the trustee’s complaint can proceed to trial on that issue.
A law professor at Texas, Angela Littwin, described the trustee’s complaint against Sanders as a “big deal” but also questioned why the trustee didn’t file his complaint until now.
“Any revenue related to Sanders’ work that is entirely post-petition belongs to his fresh start,” Littwin told USA TODAY Sports. On the other hand, if Sanders made improper transfers, it’s a problem.
“Bankruptcy provides debtors with significant relief,” Littwin said. “Debtors need to earn this relief by being 100% above board.”
Besides the trustee’s complaint against Sanders, two other complaints remain pending against Sanders in bankruptcy court. The larger bankruptcy matter of rounding up and dividing his assets for creditors also remains pending.
Separately, a law firm has sued Sanders alleging he owes it more than $164,000 in unpaid bills related to the bankruptcy case and the lawsuit that led to it.
Almost all of Sanders’ debt is owed to one man — John Darjean, a former security guard from Sanders’ school in Dallas. Darjean sued Sanders in 2016, alleging he caused him permanent and severe injuries when tried to confiscate his phone in 2015, when Sanders was 15. Sanders claimed self-defense in court proceedings but didn’t show up for the trial in Texas in 2022, leading to a default judgment against him of $11.89 million.
After Darjean moved to collect on that debt, Sanders filed for bankruptcy to try to get out of it. Darjean is seeking to get paid the full judgment and filed the other two complaints against Sanders that argue that Sanders shouldn’t be allowed to discharge the debt owed to him.
Shilo Sanders is the middle son of Deion Sanders. He was waived by the NFL’s Tampa Bay Buccaneers before the season and is not currently playing football. His younger brother Shedeur Sanders is quarterback of the Cleveland Browns.
Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com
Copper prices were volatile in 2025, with high levels of uncertainty influencing the market.
Changing US trade policy, as well as traditional supply and demand fundamentals, worked together to move the metal.
Increasing demand and a lack of new supply have long been key drivers for copper, and this year new forces played a role in the form of tariff threats caused by significant policy shifts from the Trump administration.
Experts have widely predicted a copper supply deficit over the last few years.
On the demand side, industrial usage tied to the energy transition is rising, and that’s on top of high copper consumption due to increasing rates of urbanization in the Global South.
Further consternating the market is a concerning supply situation. First Quantum Minerals’ (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine, which previously contributed approximately 1 percent of global copper supply, has been on care and maintenance since the Panamanian government ordered its closure at the end of 2023.
More recently, in September, Freeport-McMoRan (NYSE:FCX) announced the temporary closure of its Grasberg mine in Indonesia due to an ingress of 800,000 metric tons of wet material into the main Grasberg block cave (GBC), killing seven workers. The company has launched an investigation and adjusted its annual guidance.
Even though both operations are expected to return to full production, the process will take time.
In September, Panama said it would initiate an environmental and social audit of Cobre Panama by the end of 2025, with the mine to begin production in early 2026. Tied to the restart will be a significant change to the contract under which First Quantum had previously been operating, ensuring state ownership of the land and its resources.
Meanwhile, Freeport said that operations will resume at the unaffected Big Gossan and Deep Mill Level Zone mines before the end of 2025, but extraction at the GBC won’t restart until the second quarter of 2026. Freeport also noted that it isn’t expecting the GBC to return to full production until 2027.
Once restarted, the mines will be a welcome relief to an overburdened copper market, but in their closed state, their lack of contribution is significantly shifting the supply situation.
In an October report, the International Copper Study Group predicted a 178,000 metric ton global refined copper surplus for 2025, saying it would shift to a 150,000 metric ton deficit in 2026.
However, by the end of November, the situation had evolved, with the group noting a smaller refined copper surplus of about 94,000 metric tons through the first nine months of 2025.
With just one month left in the year, the market looks to be approaching a deficit sooner than expected.
The November release outlines growing use of refined copper, which rose 5.5 percent during the first nine months of 2025; refined copper output rose just 4.3 percent, while mining production increased 2.2 percent.
One moderating factor for supply/demand could be a soft macroeconomic environment, particularly in the US.
“US demand from construction and manufacturing is expected to remain steady but not robust, as policy headwinds for renewables and EVs, elevated input costs, and project delays persist,’ she said.
‘Most market watchers anticipated continued arbitrage opportunities between US and global benchmarks with periodic local price spikes as trade policies evolve.’
Copper price, January 1 to December 3, 2025.
The copper price rose sharply in the first quarter amid strong supply and demand fundamentals.
These included supply chain disruptions following a major power outage in Chile at the end of February, which caused a temporary shutdown at BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Escondida, the world’s largest copper mine.
Prices also saw major momentum amid tariff threats, as US President Donald Trump made several significant trade policy announcements at the start of his second term in office.
Among them was the signing of an executive order at the end of February that invoked Section 232 of the Trade Expansion Act and initiated a national security investigation into the impacts of copper imports into the US.
Although tariffs wouldn’t be applied to copper until Q3, the move still prompted traders to stockpile refined copper at Chicago Mercantile Exchange warehouses to get ahead of any potential tariffs.
Volatility was the story in Q2, as markets were affected by a widening supply deficit and the threat of US tariffs.
The start of the quarter saw markets plummet following Trump’s ‘Liberation Day’ tariff announcement, which applied a baseline 10 percent tariff to all imports into the US, with additional retaliatory tariffs following shortly after.
Additionally, the US and China butted heads and initiated a tariff war that saw Chinese goods entering the US hit with 145 percent tariffs; US goods entering China were levied with 125 percent tariffs.
The tariffs caused a great deal of uncertainty to creep into the US bond market, pushing yields on 10 year treasuries up sharply as investors began dumping these assets. The move sparked fears of an imminent recession, prompting broad selloffs across commodities and equity markets.
The third quarter was also defined by high volatility, with copper prices in the US surging as traders sought to import large volumes of the metal before the implementation of Section 232 tariffs.
The imports caused a significant disparity between the US and international markets, with premiums on the Comex rising to 30 percent above those at the London Metal Exchange. Putting that disconnect into context, Jacob White, exchange-traded fund product manager at Sprott Asset Management, explained that a copper short squeeze on the Comex in 2024 pushed premiums to a high of 8 percent. The London Metal Exchange and Comex are typically much closer to par, with an average differential of 0.5 percent over the past five years.
Ultimately, refined copper was exempted for the time being, with tariffs set to be phased in at 15 percent in 2027 and 30 percent in 2028. The move pulled the rug out from under traders, causing the US prices to collapse.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
The NBA season is well underway and the Milwaukee Bucks are limping into the middle of the season. Sure, star forward Giannis Antetokounmpo has been sidelined with a groin injury, but if the rumor mill is to be believed, the team could be without him again rather soon.
Sitting at 9-13, Bucks could be forced to face an unfortunate reality this season: the Greek Freak might leave town. On Tuesday, Dec. 2, Antetokounmpo scrubbed his social media profiles clean of almost all references to the Bucks. While ESPN’s Shams Charania has reported that Antetokounmpo and his agent are in talks with the Bucks regarding his future with the club, that hasn’t stopped fans from speculating where Antetokounmpo could land in a potential trade. After all, Charania also reported that they believe the Antetokounmpo situation will resolve itself within the next few weeks.
Here are the latest rumors regarding Antetokounmpo’s future in Milwaukee:
We know that Antetokounmpo was unhappy with the Bucks’ organization. He deleted all mentions of the Bucks from his social media pages on Tuesday, Dec. 2.
Futhermore, a recent interview with ESPN’s Brian Windhorst revealed that Antetokounmpo had asked to be traded to the New York Knicks during the most recent offseason.
However, Windhorst also assured listeners that Giannis was not moved and that the team has no plans to move him.
Antetokounmpo is signed with Milwaukee through the 2027-28 season, but Windhorst seems confident that Antetokounmpo could be moved before the start of next season.
Bucks coach Doc Rivers said Wednesday that Antetokounmpo has not requested a trade.
‘There have been no conversations,’ Rivers said. ‘I want to make it clear for, I would say one more time, but for the 50th time it clearly is not getting to one network … Giannis has never asked to be traded. Ever. I can’t make that more clear.’
The New York Knicks are the obvious destination. Windhorst mentioned that Antetokounmpo had asked to be traded there during the offseason.
Outside of his interest in the Knicks, very little is known about Antetokounmpo’s potential suitors, but it is likely every team will at least touch base with the Bucks regarding the future Hall of Famer.
Other outlets have pointed at the Houston Rockets as a team that could provide the best possible NBA-ready talent, with players such as Amen Thompson, Reed Sheppard, and/or Jabari Smith Jr. (although his poison pill contract would make that difficult). Although the Rockets went out of their way to build a team centered around offseason acquisition Kevin Durant, a pairing with Antetokounmpo would obviously be a massive addition for a team looking to compete with the Oklahoma City Thunder. Still, reports have yet to emerge detailing Houston’s potential interest in The Greek Freak.
That said, the decision might ultimately come down to Antetokounmpo himself. According to ESPN’s Brian Windhorst, the Bucks might not make Antetokounmpo available to the entire league, instead opting to let Antetokounmpo pick a team with whom the organization will eventually work out a deal with. If that is the case, it might be only a matter of time before we see Antetokounmpo in Knickerbocker orange.
This season’s trade deadline is set for Thursday, Feb. 5 at 3 p.m. ET.
Gold has reached once-unthinkable prices in 2025, gaining over 60 percent by early December.
Looking ahead to 2026, experts believe the major themes that carried the gold price to new heights this year will continue to underwrite its trajectory in the months ahead, boosting the metal even further.
What are the top trends shaping the gold market, and what should investors expect in the new year?
US President Donald Trump’s aggressive trade policies have injected a high level of volatility into a world economy that was already reeling from ongoing regional conflicts.
This type of uncertainty reliably encourages investors to seek safe havens, and that theme dominated much of the gold story for 2025. Heading into the new year, analysts see no end to this trend.
Strong gold exchange-traded fund (ETF) inflows and central bank purchases are projected to continue into next year as investors, particularly in the west, increasingly recognize the hedge value of gold.
Global financial services firm Morgan Stanley (NYSE:MS) sees demand for gold from ETFs and central banks pushing the gold price back up above US$4,500 per ounce by mid-2026.
The World Gold Council (WGC) also expects the themes of risk and uncertainty to continue driving gold.
“My sense is that we’re going to continue to see these challenges in 2026.”
Cavatoni expects this will translate into continued strong ETF flows and central bank demand for the monetary metal for 2026, although central bank buying may come at a slower pace than the past few years.
Another potential 2026 tailwind for gold is a correction in artificial intelligence (AI) stocks.
Analysts are increasingly warning that this could happen, and it’s possible that AI bubble meltdown concerns may push more investors away from equities and into gold in the coming year.
Michael Hartnett, chief investment strategist at Bank of America Global Research, told his clients in late October that gold may be one of the strongest hedges if the AI bubble bursts.
Similarly, Macquarie analysts are warning that if AI tech firms and their clients can’t demonstrate a return on their huge investments in the emerging technology, gold may be the best bet for protection against the resulting market fallout: “Optimists buy tech, pessimists buy gold, hedgers buy both.’
The gold price has an inverse relationship with the US dollar and real interest rates. Indeed, Morgan Stanley’s US$4,500 gold forecast for mid-2026 is predicated on a weaker dollar and lower rates.
Lower rates typically weaken the dollar, and Trump has been pressuring the US Federal Reserve to drop rates since taking office. With Fed Chair Jerome Powell’s term due to end next year, market watchers are anticipating that a more dovish Fed head will take the helm. This means that more rate cuts are likely on the table for 2026.
A softer dollar and a low rate environment would provide foundational support for further gold price gains. The resulting inflation is expected to push the Fed toward quantitative easing (QE), or the purchasing of government bonds to increase money supply and lower long-term rates, which would further bolster the yellow metal’s appeal.
At its October policy meeting, the Fed stated that its quantitative tightening activities (allowing bonds to mature without reinvesting the proceeds) would end on December 1.
“Frankly … interest expense for the federal government is running at US$1.2 trillion a year (and) the budget deficit is US$1.8 trillion a year, so the interest is really contributing to the deficit,” he said. “The US federal government really needs lower rates, or else interest is going to continue to consume a big piece of their revenues.”
Lepard believes investors are keenly aware that lower rates are coming, which naturally means more inflation. This realization is enhancing gold’s investment appeal.
Heading into 2026, Fed monetary policy changes are likely to give gold another boost to the upside.
“As we move through the year, as the Federal Reserve transitions to QE and maybe yield curve control and money printing, the (precious) metals themselves will catch another leg up,” said Lepard.
“Gold will go through US$4,500 toward US$5,000, silver will go to US$60 or US$70 and (gold and silver) stocks will all go up another 30 percent pretty easily, and then maybe more over the next 12 months,’ he added.
Global financial services provider B2PRIME Group also sees gold’s average price in 2026 at around US$4,500 as US debt challenges and possible Fed rate cuts continue to bolster the value of the precious metal.
Overall, most analysts’ gold price predictions for the upcoming year are in the US$4,500 to US$5,000 range.
Metals Focus is forecasting an annual average high of US$4,560 in 2026, with gold potentially reaching a record US$4,850 in the fourth quarter. The firm sees these gains materializing despite a projected gold surplus of 41.9 million ounces in 2026, up 28 percent year-on-year; that would take mine production to another record high in 2026.
Goldman Sachs (NYSE:GS) is predicting that gold could reach as high as US$4,900 next year on increased central bank buying and anticipated inflation-causing interest rate cuts by the Fed.
For its part, Bank of America (NYSE:BAC) sees the yellow metal breaching US$5,000 in 2026 on growing deficit spending in the US and Trump’s ‘unorthodox macro policies.’
Ongoing uncertainty from trade tensions, a potential market correction in the AI sector, US debt challenges and anticipated shifts in Fed policy have fueled strong investment demand for gold as a safe-haven asset.
Those demand drivers are not going away in 2026; in fact, they are likely to provide further foundational support that could propel the gold price to new record highs.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Edward Sterck, director of research at the World Platinum Investment Council (WPIC), shares the organization’s platinum outlook heading into 2026.
After a third consecutive deficit in 2025, the WPIC anticipates balance next year, but Sterck explained that there are factors that could change that outlook.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Here’s a quick recap of the crypto landscape for Wednesday (December 3) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$92,758.95, up by 4.1 percent over 24 hours.
Bitcoin price performance, December 3, 2025.
Chart via TradingView.
After Bitcoin stared the week with its largest single-day decline in a month, it rallied about 6.6 percent in 24 hours to reclaim US$93,000. This now marks Bitcoin’s highest intraday level in more than two weeks.
Despite the cryptocurrency’s rebound, analysts are still urging caution and advising investors to await clearer macro signals before fully re-entering higher-risk assets.
Ether (ETH) also regained ground and is currently priced at US$3,051.34, up 7.1 percent over 24 hours.
Michael Saylor’s Strategy (NASDAQ:MSTR) is in discussions with index provider MSCI as the company thinks about removing Strategy from major stock indexes, according to Reuters.
MSCI is considering cutting companies whose business model is to buy crypto. Strategy currently holds about 650,000 BTC and has relied on new debt and equity issuance to add to its holdings.
JPMorgan Chase (NYSE:JPM) estimates a removal could trigger up to US$8.8 billion in outflows if other index providers follow suit. Saylor said the company is participating in MSCI’s review process, but questioned the scale of possible selling projected by JPMorgan. A verdict is expected by January 15 of next year.
Startale Group has launched USDSC, a stablecoin pegged to the US dollar that is designed to serve as the default settlement currency on Sony Group’s (NYSE:SONY,TSE:6758) Soneium blockchain.
According to a Decrypt report, the launch includes a new rewards program called STAR Points that is geared at encouraging user activity across payments, liquidity supply and app interaction. Soneium went live earlier this year following a test phase that drew 14 million users and processed 50 million transactions.
Startale CEO Sota Watanabe said USDSC aims to support payments and yield generation across the network’s creator-focused ecosystem. Stablecoin infrastructure firm M0 is providing backend support for issuance and liquidity.
A waitlist for the Startale app is open to users seeking early access to USDSC features and rewards.
The US Securities and Exchange Commission (SEC) has halted the approval process for multiple ultra-leveraged exchange-traded funds (ETFs), citing concerns about investor risk.
Warning letters were sent to nine issuers, including Direxion, ProShares and Tidal, affecting products designed to offer more than 2x exposure to equities, commodities and cryptocurrencies.
The SEC said the proposals exceed regulatory limits on allowable leverage and rely on benchmark definitions that may fail to reflect true market volatility. Some of the planned funds target exposure to highly volatile assets. No 3x or 5x single-stock ETFs currently exist in the US due to existing restrictions.
Leveraged ETF trading has surged since 2020, with total assets rising to around US$162 billion.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.