Tesla stock opened the week with a red candle, falling to $315.35, a 0.095% dip that lined up with a broader selloff across US equities and metals. The drop hit as Bitcoin blew through resistance and ended the June 29 week with its highest weekly close ever. The action split risk markets in two. Stocks
Major cryptocurrencies rose Sunday morning as the U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 Liberation Day tariff deadline. Bitcoin, the leading cryptocurrency by market value, gained over 1%, briefly topping $109,000. Payments-focused XRP and Solana’s SOL token gained over 2% each, with meme token dogecoin DOGE$0.1708 rising 3%,
Last week, the US markets were seen reaching new historical highs almost every day, and there was a very enthusiastic atmosphere in the markets. While asset management companies’ increasing optimism about US stocks is drawing attention, there are warnings that this excitement could lead to overly concentrated positions and cause sharp fluctuations, especially in the
Europe’s largest asset manager is sounding alarms as U.S.-regulated stablecoins surge, threatening to erode dollar dominance and destabilize global money flows at massive scale. US Dollar’s Global Role Challenged by Surge in Regulated Stablecoins A sweeping shift in global financial dynamics could be triggered by the U.S. push to regulate dollar-backed stablecoins, prompting fears of
U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets. Since the early April slide, Wall Street’s tech-heavy Nasdaq index has surged 31%, while the broader S&P 500 index has rallied 24%, according to
Bo Hines, the US President’s Chief Advisor on Digital Assets, made a striking prediction about the cryptocurrency sector. Hines said that with the entry into force of stablecoin regulations in the US, the total market value of the digital asset industry could reach $15 to $20 trillion. Bo Hines said in a statement that these
Story Highlights Trump Threatens 70% Tariffs by Aug 1: Nations must finalize trade deals by July 9 or face steep import tariffs under Trump’s new warning. Crypto Braces for Impact: Global market jitters could first hit crypto, but long-term instability may drive adoption of Bitcoin and stablecoins. A 70% tariff is on the table. President
Story Highlights Bybit Imposes 18% GST for Indian Users: Starting July 7, 2025, Indian crypto users will face 18% GST on trades, staking, and withdrawals. Legacy Services to End July 9: Bybit is discontinuing crypto loans, fiat cards, and trading bots as part of its compliance overhaul. Bybit, a global cryptocurrency exchange, recently announced that