Topic

World News

A collection of 365 issues

Illinois Court Declares Bitcoin and Ethereum as Commodities: What This Means for the Future of Cryptocurrency Regulation

IntroductionIn a landmark decision, an Illinois court has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities. This ruling, announced by Rostin Benham, Chairman of the Commodities and Futures Trading Commission (CFTC), during a U.S. Senate committee hearing, effectively concludes the ongoing dispute between the CFTC and its sister

Trade Imbalance: A Major Concern in India-Russia Relations, Asserts Indian Foreign Ministry Deputy Vinay Kwatra

As the trade and economic ties between India and Russia continue to evolve, a significant challenge has come to the forefront—the issue of trade imbalance. This concern was highlighted by Vinay Kwatra, the First Deputy Minister of India's Ministry of External Affairs, during a statement about the upcoming bilateral

Bitwise Updates S-1 Form Submission for Spot Ethereum ETF: Implications and Expectations

Bitwise Asset Management has made a significant move by updating its S-1 form submission for a spot Ethereum ETF. This submission came just days before the July 8 deadline, as reported by Bloomberg analyst James Seyffart. The Securities and Exchange Commission (SEC) could potentially approve this new class of financial

Hong Kong Resumes Record-Breaking Purchases of Russian Gold, Spending $750 Million in May Alone

Hong Kong significantly increased its purchases of Russian gold in May, buying almost 60 times more than in April, reaching a total of $750 million—the highest amount since October of the previous year. This surge in imports marks a notable rebound from earlier in the year when there were

Colosseum Startup Secures $60 Million in Funding to Boost Early-Stage Projects in GameFi, DeFi, and DePIN Sectors

In a significant financial boost, Colosseum, a startup operating within the Solana ecosystem, has successfully closed a $60 million investment round. This substantial capital influx is poised to spearhead the development of cutting-edge projects across various sectors, with a specific focus on GameFi, DeFi, and DePIN. The investment was led

CryptoQuant CEO Reveals Bitcoin Transaction Processing Speed Has Fallen to 2011 Levels

Ki Young Ju: Bitcoin’s Transformation into Digital Gold Hinders Its Function as a Daily Payment MethodThe CEO of CryptoQuant, Ki Young Ju, has made a striking revelation: the speed of transactions on the Bitcoin network has plummeted to levels last seen in 2011. This significant drop in performance highlights

Roaring Kitty's $236 Million Loss: GameStop Stocks and Meme Coins Plummet

In a dramatic turn of events, financial analyst Keith Gill, famously known as Roaring Kitty, held his first livestream in three years, revealing a staggering $236 million loss due to declining GameStop stock prices. This disclosure led to a significant drop in both GameStop shares and related meme coins, causing

Pump.fun Achieves Record-Breaking Revenue Amid High Demand for Meme Coins

Historical Revenue Peak Reached on Pump.funOn May 29, Pump.fun experienced a significant milestone by reaching its highest revenue in history. Over the past week, the average daily revenue exceeded $780,000, a testament to the platform's growing popularity. This impressive growth is primarily driven by the surging demand

Binance to Implement Restrictions on Certain Stablecoins for European Clients

Cryptocurrency exchange Binance has announced a new policy change that will affect certain stablecoins for its clients within the European Economic Area (EEA). Starting from June 30, 2024, Binance will limit support for "unauthorized" stablecoins as a result of the Markets in Crypto-Assets Regulation (MiCA) framework. This regulation is part

Global Oil Prices Drop to Lowest Level Since Early February: Analyzing the Market Decline

Brent Crude Prices Fall Below $78 Per Barrel for the First Time Since February 6 On June 4, global oil prices experienced a significant drop, with Brent crude prices falling below $78 per barrel for the first time since February 6, 2024. This data was reported by the London-based ICE