Do Hyeong Kwon, the South Korean cryptocurrency figure once hailed as the “crypto king,” appeared in a Manhattan federal court on Thursday, pleading not guilty to a newly unsealed indictment. This marked his first US court appearance, two days after his extradition from Montenegro, and it set the stage for…
President Joe Biden has reportedly decided to block Nippon Steel’s proposed $15 billion acquisition of US Steel, according to the Washington Post on Thursday, citing unnamed administration officials unauthorized to discuss the matter publicly. Earlier, the Committee on Foreign Investment in the United States (CFIUS) referred the matter to the…
The human metapneumovirus (HMPV), a respiratory virus often compared to COVID-19 due to its symptoms and transmission methods, is currently spreading across Asia, raising significant health concerns. The virus, which primarily affects children but can infect individuals of all ages, has seen a surge in cases, particularly in northern China,…
China plans to broaden its consumption subsidies to include smartphones and other electronics in a bid to boost domestic spending as external challenges loom. The country’s trade-in program, originally focussed on home appliances and cars, will, from this year, begin to include personal devices like phones, tablets, smartwatches, etc., officials…
India witnessed a record-breaking surge in initial public offerings (IPOs) in 2024, raising an unprecedented $19.82 billion in what has also catapulted seven entrepreneurs into the billionaire league. The boom was particularly notable in the renewable energy sector, with four entrepreneurs in the sector seeing their personal fortunes spike after…
The Hungarian forint continued its downward trend this week after losing access to some crucial EU funds. The USD/HUF pair soared to 402.40, its highest swing since November 2022, while the EUR/HUF jumped to 413. Hungary loses access to EU funds The Hungarian forint maintained its downward trend after the…
Cardano price continued its recovery this week, rising for three consecutive days and crossing the important resistance level at $1. The ADA token rose to an intraday high of $1.0135 on Friday, making it one of the best-performing coins in the market. Cardano price rises ahead of a big year …
Cryptocurrencies resumed their uptrend on Thursday as many investors returned from the Christmas and New Year holidays. This rebound in the crypto and stock market in the early days of the year is known as the January Effect. This January Effect is important because of the potential catalysts that may…
The US dollar index (DXY) continued soaring this week as it approached the important resistance point at $110. It is on track for its fifth consecutive week of gains and is nearing the highest level since November 2022. It has jumped by over 9% from its lowest level in 2024.…
The SPDR Gold Trust (GLD) ETF could have another solid year as Wall Street analysts predicts more gains for gold. GLD, the biggest gold ETF, rose to a record high of $257.93 in October as gold peaked at near $2,800. So, what next for gold and the GLD ETF? Analysts…