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CoinTelegraph

JPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ

Major global banks, including JPMorgan and Citi, have reportedly joined forces with the Clearing House to develop a tokenized deposit network slated for launch in early 2027. This initiative aims to counter the rising in...

Reuters

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says - Reuters

The International Air Transport Association (IATA) has warned that delaying aircraft orders due to the ongoing conflict with Iran could impose significant financial burdens on Middle Eastern carriers. IATA Vice President...

Investing.com

China banks raise dollar deposit rates amid yuan strength, sources say

Chinese banks have increased dollar deposit rates amid a strong yuan, according to sources. The move aims to attract foreign capital and manage liquidity amid the yuan's recent strength against the US dollar. Analysts no...

Finance Magnates

Inside the Prediction Markets: Trading Volume Hits $28.4B as Brokers and Market Makers Move In

Prediction markets have surged in popularity, with trading volume hitting $29.4 billion in May 2024, driven by increased participation from retail brokers and institutional players. Brokers like Moomoo, Robinhood, and In...

CoinTelegraph

House GOP eyes summer vote on prediction market restrictions for lawmakers

House Republicans in the US are planning a summer vote to ban congressional stock trading and impose new restrictions on lawmakers' participation in prediction markets. The proposed legislation aims to address concerns a...

Forexlive

USDJPY volatile above the 160.00. EURUSD tests floor area. GBPUSD new lows for week

The U.S. dollar surged following a stronger-than-expected nonfarm payrolls report, with 172K new jobs added in April, far exceeding the 85K forecast. Upward revisions to prior months added 93K jobs, reinforcing the labor...

Investing.com

Hollywood unions, workers push back against Paramount-Skydance deal

Hollywood unions and workers have expressed opposition to the proposed $3.2 billion merger between Paramount Global and Skydance Media, citing concerns over job security, creative control, and potential layoffs. The deal...

FX News Group

Webull launches mutual funds for IRA accounts

Webull, a U.S.-based investment platform, has introduced mutual funds for Individual Retirement Account (IRA) holders. This new offering allows IRA customers to access diversified, professionally managed investment produ...

CoinDesk

CoinDesk 20 performance update: Bitcoin (BTC) price drops 2.8% as index declines

The CoinDesk 20 index, which tracks the performance of 20 major cryptocurrencies, fell sharply as Bitcoin (BTC) dropped 2.8% in value. All twenty constituents of the index traded lower since yesterday, reflecting widespr...

FXStreet

Indian Rupee: RBI holds but defends INR – BNY

The Reserve Bank of India (RBI) maintained its repo rate at 5.25% during its latest policy review, signaling a neutral stance amid ongoing economic challenges. The central bank introduced targeted measures to stabilize t...

CoinTelegraph

Visa tests private stablecoin settlement with Brale, Canton

Visa has initiated a pilot program with Brale and Canton to test private stablecoin settlement using blockchain technology. The experiment aims to determine if financial institutions can leverage blockchain for transacti...

FXStreet

160.00: USD/JPY back near intervention territory after upbeat US jobs report

The USD/JPY pair is trading near 160.00 following the release of the US nonfarm payrolls report, which showed stronger-than-expected job gains. The rebound from intraday lows suggests renewed demand for the US dollar ami...

Investing.com

European natural gas prices slip amid stable demand, ongoing Middle East tensions

European natural gas prices declined slightly as stable demand and geopolitical tensions in the Middle East offset concerns over potential supply disruptions. Despite ongoing conflicts in the region, which typically elev...

FXStreet

Aluminium: US supply strain risks demand destruction – Commerzbank

Commerzbank analyst Thu Lan Nguyen highlights ongoing supply constraints in the US aluminum market over a year after tariffs were imposed. A planned smelter in Oklahoma faces delays due to environmental and ownership dis...

FXStreet

Australian Dollar retreats after upbeat US NFP report boosts US Dollar

The Australian Dollar (AUD) fell against the US Dollar (USD) on Friday as the USD gained strength following a stronger-than-expected US Non-Farm Payrolls (NFP) report. The AUD/USD pair traded near 0.7105, down 0.39% for...

Reuters

Lebanese army chief leaves for Pakistan at invitation of counterpart - Reuters

The Lebanese army chief has departed for Pakistan at the invitation of his Pakistani counterpart. The visit, which follows a series of diplomatic engagements between the two nations, is expected to focus on strengthening...

CoinTelegraph

Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K

Bitcoin's price decline to $60,300 has sparked market analysis suggesting sellers are losing momentum. Technical indicators show weakening bearish pressure, with the price consolidating near critical support levels. Trad...

FXStreet

European Central Bank: Credibility costs 25bps – TD Securities

TD Securities' Global Strategy Team forecasts the European Central Bank (ECB) will increase the deposit rate to 2.25% in response to persistent energy price inflation. The analysis highlights that maintaining the ECB's c...

CoinDesk

XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows

XRP has fallen toward $1.10 amid a liquidation-driven selloff, pushing the token to multi-month lows. The decline follows increased selling pressure from leveraged traders facing margin calls, with over $50 million in li...

FXStreet

Euro: ECB hiking cycle seen extending to 3% – Nordea

Nordea's Kristian Nummelin anticipates the European Central Bank (ECB) will raise interest rates next week, citing persistent inflation and robust core economic momentum as key drivers. Current market pricing aligns with...