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.
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…
1. Background: Rising Concerns Over Chinese Hardwood Plywood In recent months, the European Union has ramped up trade-defence measures against Chinese hardwood plywood imports. These actions stem from long-standing worries among European producers that Chinese manufacturers are undercutting them with exceptionally low-priced, subsidized plywood—possibly even using illegally sourced Russian timber to bypass EU restrictions. The…
Over the past 24 hours, Ether (ETH) surged approximately 7%, a sharp rebound fueled by Bitcoin’s rally above the $109,000–$110,000 range. Bitcoin’s steady climb past $109,000 created an optimistic tone across the crypto market, lifting Ethereum as a leading altcoin. This rise also injected renewed investor confidence, evidenced by a 3–4% increase in broad crypto…
✍️ Overview The European Commission plans to unveil its 18th package of sanctions targeting Russia amid mounting calls to pressure President Putin into ceasing hostilities in Ukraine. Central to this new round: The updates follow persistent lobbying by Baltic states and Ukraine, emphasizing energy chokeholds, banking restrictions, shadow fleet designations, and infrastructure cut-offs. Why Now?…
