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The Deadly Exorcism of Anneliese Michel, The Real Life Emily Rose

RT @jt_rose: the cloud chain thesis is a bet on crypto's untapped potential -- that much more can be built on blockchains than exists today…

Analyst: Dollar weakens as Fed independence threatened The U.S. economy remains resilient after contracting more than previously expected in the first quarter. Durable goods orders $ROSE 16.4% in May, weekly unemployment claims $ROSE modestly by 236,000, and GDP contracted 0.5% in the first quarter, rather than the 0.2% previously expected. The dollar maintained its overnight downward trajectory amid threats to the independence of the Federal Reserve. The Wall Street Journal reported that Trump may appoint a successor to Chairman Powell earlier than usual to weaken the current hawkish stance. "An attempt to influence the Fed so directly will not be welcomed by investors," wrote Marc Chandler of Bannockburn. (Jin Shi)

U.S. stocks edged higher on Thursday, with slight gains coming amid bullish sentiment surrounding President Donald Trump’s quest to replace Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average rose 0.57%, or over 200 points, while the benchmark S&P 500 gained 0.38%. The Nasdaq Composite was up 0.23% at the open, as investors bet on increased odds of interest-rate cuts by the U.S. central bank. Much of the market enthusiasm stems from U.S. President Donald Trump , who has increased his criticism of Powell amid the Fed’s decision to hold interest rates steady in recent months. Powell testified before lawmakers in Washington this week, and reports following his comments suggest Trump is getting closer to selecting a new Fed Chair. Trump is reportedly down to four candidates for Powell’s replacement, and The Wall Street Journal noted the president could name his pick as soon as this summer. Powell’s current term is scheduled to end in May 2026. Despite this, stocks are up as markets react to Trump’s move. While the S&P 500 failed to notch a record closing high on Wednesday, bullish sentiment persists. Cryptocurrencies also edged higher as the U.S. dollar declined to levels last seen in April 2022, partially due to tariff impacts. Easing tensions in the Middle East further contributed to the market’s buoyant mood. On the economic front, data released Thursday showed the U.S. economy shrank by 0.5% in Q1. Initial jobless claims for the past week came in at 236,000, below the expected 244,000. Although the data aligns with economists’ view that the economy is not significantly deteriorating, Wall Street will be closely watching Friday’s release of the Personal Consumption Expenditures report.

Analyst: Bitcoin LTH/STH holding ratio continues to rise, and a unilateral upward trend may occur again Axel, an analyst at CryptoQuant, wrote that in the three major Bitcoin rallies in this round of bull market, long-term holders (LTH) always continued to increase their holdings before the price rose strongly. The first time this phenomenon occurred was near the $28,000 mark: after 1-2 months of increase in the proportion of LTH holdings relative to short-term holders (STH), the price finally broke through $60,000. The second similar accumulation occurred in the sideways phase of $60,000, and this wave of accumulation provided momentum for the subsequent surge to $100,000. Now at the key price of $100,000, the continued growth of the LTH/STH holding ratio has been observed again: this round of accumulation phase may last 4-8 weeks. Referring to the laws of the previous two cycles, there is a high probability that a strong upward trend will occur afterwards. If a more conservative 1.6x multiplier is used, the next round of upward target range will point to $160,000.