Spot Bitcoin ETFs Face First Extended Outflow, Impacting BTC Price Dynamics
Spot Bitcoin ETFs recorded a consecutive 10-day outflow period, primarily driven by BlackRock’s IBIT, coinciding with a notable drop in Bitcoin’s price.
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Crypto & Fintech
Corporate Power
Six Years of PM SVANidhi Boost Financial Inclusion for Street Vendors Across India
Prime Minister Modi marks six years of the PM SVANidhi scheme, highlighting its role in providing collateral-free loans and fostering economic growth for millions of street vendors.
Trade & Tariffs
Turkmenistan and China Deepen Partnership to Boost Gas Industry Projects
Turkmenistan seeks to expand energy cooperation with China, focusing on advanced gas field development and equipment supply to enhance production and exports.
Markets & Macro
Bond Market Signals Rising Inflation Pressure Ahead of US Midterm Elections
A key bond market indicator shows growing inflation expectations, presenting economic and political challenges for Trump and Republican candidates before the midterms.
Markets & Macro
Powell Highlights the Need to Shield Independent Institutions from Political Pressure
Jerome Powell urged protection of the Federal Reserve and other democratic institutions against political interference during an award acceptance speech.
Corporate Power
Egypt Engages in Diplomacy to Support US-Iran Nuclear Negotiations
Egyptian President Abdel-Fattah al-Sisi confirmed his country's active role in facilitating dialogue between the US and Iran amid nuclear deal talks.
Markets & Macro
Jerome Powell Warns Against Political Pressure on Federal Reserve in Award Speech
Jerome Powell emphasized the importance of the Federal Reserve's independence, cautioning against political interference that could undermine public trust in the central bank.
Crypto & Fintech
Bitcoin ETFs Face Significant Outflows Amid May’s Market Downturn
Bitcoin spot ETFs experienced heavy net outflows totaling $1.42 billion in the last week of May, marking continued investor withdrawal throughout a challenging month for the sector.
Crypto & Fintech
Humanity Protocol and Stellar Lead Crypto Market Rally Amid Mixed Sentiment
Humanity Protocol surged over 70%, Stellar broke key resistance after weeks of consolidation, while DeXe maintained steady gains despite uncertain market conditions.
Markets & Macro
Fed Governor Waller Endorses Stablecoins While Casting Doubt on CBDCs
Federal Reserve Governor Christopher Waller supports stablecoins for expanding U.S. monetary influence but dismisses central bank digital currencies as unnecessary solutions.