News
Stay up-to-date with the latest developments in the world of finance and crypto. Our News section brings you timely updates, market trends, regulatory changes, major partnerships, and breaking stories that impact the global financial landscape. Whether you’re a seasoned investor or just getting started, this is your trusted source for staying informed.
Everstake, a prominent crypto staking platform, has appointed David Kinitsky—a seasoned veteran from Grayscale and Fidelity—as its new Chief Executive Officer, signaling a strategic push into institutional markets. This leadership transition marks the next evolution for a company that has become a powerhouse in the staking sector. f 🌟 Executive Profile: David Kinitsky 🔄 Leadership…
In a landmark move, Chancellor Rachel Reeves has announced a 3% annual real-terms increase in NHS spending, amounting to an additional £29 billion by the end of the current parliament. This decision marks a significant commitment to the National Health Service, aiming to bolster its recovery and modernization efforts . Key Highlights of the Spending…
In a significant development on June 11, 2025, President Donald Trump declared that the United States and China have reached a comprehensive trade agreement, effectively restoring a truce in the ongoing trade war between the two economic giants. This announcement follows intense negotiations in London, building upon a preliminary framework established in Geneva last month….
In a significant pivot for one of the Ethereum ecosystem’s pioneers, Polygon co‑founder Sandeep Nailwal has officially taken the helm as CEO of the Polygon Foundation, signaling a dramatic strategic shift. This leadership change comes with a bold reorientation toward Polygon’s Proof‑of‑Stake (PoS) sidechain and away from its zkEVM rollup efforts. 🧭 What’s Changing and…
Summary The European Central Bank (ECB) has revealed that gold has surpassed the euro to become the world’s second-largest official reserve asset—behind only the U.S. dollar. As of 2024, global central bank holdings of gold hit 20% of total reserves, compared to the euro’s 16%, following record-breaking purchases in both volume and value. 🔍 Key…
Summary China’s largest automakers—including BYD, Geely, Nio, Xpeng, Li Auto, Xiaomi, GAC, FAW, Changan, and Chery—have pledged to pay their suppliers within 60 days. The move comes in response to government directives and growing industry concerns about protracted payment cycles exacerbated by aggressive price-cutting tactics in the EV market. What’s Driving the Change Industry Voices…
Headliner: Dogecoin (DOGE) jumped approximately 5% today, recovering sharply in what analysts are calling a textbook “V‑shaped” rebound. Notably, this rally stems from a surge in trading volume—around a 72% spike—indicating renewed investor enthusiasm. Key Drivers Behind the Spike: What Traders Should Watch Next: 🌐 Broader Market Context 📌 Summary Snapshot: Metric Details Price Jump…
In a groundbreaking survey conducted by Coinbase, it has been revealed that 60% of Fortune 500 companies are actively engaged in blockchain initiatives. This marks a significant milestone in the corporate world’s embrace of decentralized technologies. The survey, part of Coinbase’s Q2 “State of Crypto” report, underscores a transformative shift in how major corporations perceive…
In the latest CoinDesk 20 performance update, Uniswap’s native token, UNI, has demonstrated remarkable growth, surging 21.6% as of June 10, 2025. This significant uptick positions UNI as the day’s top performer among the 20 assets tracked in the CoinDesk 20 Index. The broader CoinDesk 20 Index has also experienced a positive shift, rising 3.3%…
In a noteworthy turn of events during the ongoing US–China trade and export-control discussions in London, Huawei founder Ren Zhengfei made candid remarks downplaying his company’s semiconductor prowess. Navigating Heightened US–China Tech Tensions During a front-page interview in China’s People’s Daily, Ren emphasized that Huawei’s single-chip architecture still lags one generation behind U.S. rivals, explicitly…
