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Bloomberg says that the Bank of Japan’s unrealized losses on government bonds hit a record high. Losses from government debt holdings tripled from a year earlier and totalled 28.6 trillion yen ($198 billion) at the end of fiscal 2024, according to the regulator’s report.

Chilean copper mining company Antofagasta is offering Chinese smelters negative processing fees of -$15 per ton amid a global decline in ore supplies. This information was reported by Bloomberg, citing individuals familiar with the negotiations.

The Confederation of British Industry (CBI) reports that business confidence in the country's service sector has dropped to its lowest level in 2.5 years. The business sentiment index fell to -43% in May, down from -28% in February.

Motivated by regulatory changes, major US banks are cautiously exploring the possibility of entering the cryptocurrency market, Reuters reports. However, many remain hesitant to take proactive steps.

Chile, the world's largest copper producer, raised its price forecasts for the metal this year and next. The government's commission, Cochilco, attributed this to easing world trade tensions and supply disruptions, which signal a market shift to a state of deficit.

Analysts at Standard Chartered have set their year-end 2025 target for Solana at $275, which suggests a gain of over 50% from the current levels. The forecast is based on an analysis of the long-term prospects of the blockchain network.

On Tuesday, the pound edged lower against the dollar. Nevertheless, the British currency held near the three-year high it reached on Monday, as relatively upbeat economic data lifted market sentiment, Reuters reports.

According to Bloomberg, Glencore is buying Russian copper on the London Metal Exchange (LME) with the intention of delivering it to China. This indicates a drop in the metal's reserves in the world's largest consumer.

The Cardano blockchain platform announced the release of Node v.10.4.1 update, which features a ready-to-use version of UTXO-HD (Unspent Transaction Output – High Density). As noted by ETHNews, the ADA token is showing positive dynamics and may rise above $0.82.

April inflation in Australia came slightly higher than analysts’ forecasts. The Australian Bureau of Statistics reports that the consumer price index remained at 2.4%, with economists having expected it to fall to 2.3%.