Before the elections, the cryptocurrency industry was characterized by scrutiny, strict policies, and lawsuits. But things are changing rapidly.This month, the Senate passed the GENIUS Act, a bill designed to regulate stablecoins and bring digital assets under federal oversight. This is the first time either chamber has approved major crypto legislation.…
US President Donald Trump on Tuesday escalated his ongoing feud with Elon Musk by suggesting that the Department of Government Efficiency (DOGE) should investigate the subsidies awarded to Musk’s companies, arguing it could save taxpayers “a fortune.”The remarks followed renewed criticism from Musk, the world’s richest man, who over the…
Euro zone inflation returned to the European Central Bank’s target of 2% in June, marking a key milestone in the region’s battle against surging consumer prices. The reading, released by Eurostat on Tuesday as part of its flash estimate, confirmed expectations from economists and signalled further easing pressure on the…
Europe continued to be gripped by a severe heatwave on Tuesday, leading to widespread health alerts. In France, over a thousand schools were closed, and the top floor of the Eiffel Tower was inaccessible to tourists, Reuters reported on Tuesday.A heat dome caused the Mediterranean Sea to be up to…
Despite a year of significant bullish momentum, Bitcoin has repeatedly failed to break through the psychologically and technically significant $110,000 barrier, at least sustainably.After reaching an all-time high of $111,700 in May, the world’s largest cryptocurrency by market cap has been stuck in a tight range between $103,000 and $108,000.This…
A handful of US stocks remain in the red at the time of writing even though the benchmark S&P 500 index has recovered rather significantly over the past three months.But continued weakness, at least in some of them, may mean opportunity for long-term investors heading into the second half of…
Asia-Pacific stock markets showed a mixed performance at Tuesday’s open, with investors assessing the record-setting gains on Wall Street while simultaneously keeping a wary eye on the global impact of US President Donald Trump’s tariff policies. With a 90-day tariff reprieve set to expire next week, the delicate state of…
A leading Australian livestock industry group announced on Tuesday that it would no longer pursue its objective of achieving carbon neutrality by 2030. Despite the announcement, the organisation emphasised that reducing the sector’s substantial methane emissions, which contribute to global warming, would continue to be a primary focus, according to a…
United Kingdom house prices experienced their most significant monthly decline in over two years in June, a clear sign that prospective buyers are feeling the pressure after an increase in transaction taxes came into effect in April. The unexpected drop casts a shadow over the near-term outlook for the UK…
European stock markets began Tuesday’s trading session with a cautious and somewhat hesitant tone, with the regional Stoxx 600 index wavering near the flatline as investors assessed the evolving global trade landscape and awaited key inflation data from the Eurozone.About 25 minutes after the opening bell, the pan-European Stoxx 600…