Circle stock drops more than 12% as Stripe, Coinbase and BlackRock back Open USD stablecoin
Circle shares fell more than 12% to a four-month low after a consortium of over 140 companies unveiled Open USD,...
Market news
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Crypto news
Jefferies warns Clarity Act delay could fuel crypto volatility as Senate odds fall to 48%
Investment bank Jefferies warns the Clarity Act still faces a hard path through the Senate, and the uncertainty could drive...
UAE’s Goldman Lampe Private Bank Buys $137 Million in Bitcoin During June Dip
Goldman Lampe Private Bank bought €120 million (roughly $137 million) of Bitcoin, the UAE-based institution announced Monday, timing the purchase...
Commodities news
Kiyosaki Admits His Gold Call Was Wrong but Holds $35,000 Target
Robert Kiyosaki admitted his recent gold call missed the market, posting "I was wrong" on June 29 as the metal...
Gold and silver end the June quarter with their steepest falls in years
Gold lost nearly 12% this June quarter and silver slipped 17.6%, breaking a five-quarter winning streak. A shift toward a...
Stock news
Tesla Gets a New Autonomy Rival as Wayve Lines Up Automakers and Tech Investors
Tesla has a fresh rival in the race for autonomous driving. UK startup Wayve is signing up automakers, ride-hailing firms...
Alphabet Jumps 5% as GOOGL Debuts in the Dow, Replacing Verizon
Alphabet jumped 5% intraday and closed at $353.56, up 4.9%, after GOOGL debuted in the Dow Jones Industrial Average in...
World news
Crypto firms eye the UAE as MiCA’s July 1 deadline forces a reassessment of Europe
Crypto founders are increasingly weighing the United Arab Emirates as a base as the EU's MiCA regime reaches its July...
Bolivia Floats Its Dollar Exchange Rate After 15 Years, Triggering a 40% Devaluation
Bolivia scrapped its fixed dollar exchange rate on June 26, letting the boliviano float for the first time in 15...
BIS warns record AI spending could trigger the next market crash
The Bank for International Settlements warns that record AI investment now propping up global stock markets is building financial vulnerabilities...
Forex news
Japanese Yen Sinks to 162.27, Its Weakest Since 1986, Reviving Intervention Bets
The Japanese yen fell to 162.27 per U.S. dollar on June 30, its weakest reading since 1986, reviving speculation that...
Indices news
Nikkei 225 Heads for 36% Quarterly Gain, Its Biggest Since 1965
The Nikkei 225 is on track for a roughly 36% quarterly gain, its sharpest in records going back to 1965....
Micron and Intel Lead Chip Stocks Lower as Semiconductor Selloff Extends
Semiconductor stocks extended last week's slide on Monday, with Micron and Intel leading the retreat even as broader indices climbed....
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