Indian shares tumbled on Tuesday as caution gripped markets ahead of the Federal Reserves interest-rate decision. The Fed will announce its last move on interest rates for the year on Wednesday and it is likely that the main rate will be cut for a third straight time. A 25-bps rate cut is already priced in...
Business sentiment in Germany fell to the weakest level since 2020 in December as firms were more skeptical about the economic outlook, survey results from the ifo Institute showed on Tuesday, amid the prospect of trade rifts with the U.S. and the uncertainty surrounding domestic economic policies. The ifo business climate index fell to 84.7...
The British pound strengthened against other major currencies in the European session on Tuesday, after the U.K. labor market data for the three months ending October showed robust wage growth, signaling that the Bank of England will hold off cutting interest rates on Thursday. Data from the Office for National Statistics showed that the unemployment...
The euro area trade surplus declined in October largely due to the rebound in imports, data from Eurostat showed on Tuesday. The trade surplus fell to EUR 6.8 billion in October from EUR 9.4 billion a year ago. This was also below Septembers level of EUR 11.6 billion. The fall in surplus reflects a reduction...
Vladimir Putin has directed Gazprombank Deputy CEO Dmitry Zauers to explore a collaboration with billionaire Elon Musk to drive technological advancements.Elon Musk has yet to make any public statements regarding the potential collaboration with Russia or Putin’s remarks. Russian President Vladimir Putin has expressed a bold vision for collaboration between Russia and billionaire entrepreneur Elon...
PumpFun removed tokens linked to the Bybit hacker after discovering their role in laundering stolen funds through rapid memecoin trading.The Bybit hacker used PumpFun to launch the memecoin ‘QinShihuang,’ executing trades worth $26M within three hours before being flagged and removed. PumpFun, a Solana-based platform that has made news for its quick expansion in the...
Bybit is reported to have fully reached 1:1 on clients’ assets after a recent hack caused its Ethereum (ETH) reserve to drop to 63,807 ETH.The price of ETH is reported to stand a good chance of hitting $6k once it successfully makes a positive move on regulatory changes and macroeconomic factors. In a recent update,...
Changpeng Zhao believes Bitcoin is becoming unavoidable, comparing its importance to that of money and the internet in the global financial landscape. The U.S. government’s growing focus on Bitcoin, including potential national reserves, signals the asset’s increasing significance in global finance. Changpeng Zhao, the former CEO of Binance, has voiced strong support for Bitcoin following the...
Metaplanet’s Bitcoin holdings surpass 2,100 BTC, marking 10% of its goal to reach 21,000 BTC by 2026, signaling strong progress. Metaplanet’s stock will surge 80.75% in 2025, reflecting investor confidence as the firm continues its aggressive Bitcoin acquisition strategy. Metaplanet, a Japanese investment firm, has recently hit a key point in its journey toward holding 21,000...
Struggling companies like Goodfood Market Corp are investing in Bitcoin, hoping to attract investors and boost stock liquidity instead of focusing on core operations.While MicroStrategy’s Bitcoin strategy has fueled massive stock gains, regulatory risks and tax challenges could complicate similar corporate moves. Companies with shrinking revenues and stagnant stock prices are making a bold move—buying...