Usa Financial News

A judge has ordered a reduction of seven months in the sentencing of Ethereum developer Virgil Griffith.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to halt its early-day losses and surged above the $65,000 mark, reaching an intraday high of $65,360.

At some of the world’s biggest asset managers, ESG fund launches are quietly stalling.

new tokens have been listed on major digital-asset exchanges in the first half of this year than in all of 2023. On higher-volume exchanges including Binance and Bybit, coin listings are cumulatively up 11.6% to 2,066 in the first six months of the year, according an analysis of select exchanges that CCData conducted for Bloomberg. Among a handful of lower-volume exchanges including CoinJar and BTC Markets, listings are up nearly 32% to 488, the researcher found.

Weddings, bachelor/ette parties, milestone birthdays, baby showers, and graduations. All important milestones that we all want our family and friends to share in; but they would rather not.

South China Sea this week to successfully rehearse anti-submarine operations, naval combat and providing air defence to vessels, Russia's TASS news agency reported on Thursday. TASS cited a statement from Russia's Pacific Fleet as saying that the drills — dubbed 'Maritime Cooperation 2024 — had now finished. The opening ceremony of the exercise took place in the Chinese port of Zhanjiang, the Russian defence ministry said earlier this week.

Biden's predicament comes amidst increasing frustration and anxiety within the Democratic Party, which has been simmering for nearly three weeks since his dismal debate performance in Atlanta. According to multiple Democratic officials who spoke to CNN, the atmosphere within the White House and the Biden campaign has shifted notably in recent days. A senior Democratic adviser, who requested anonymity to avoid alienating the campaign and the White House, told CNN, «The private conversations with the Hill are continuing. He's being receptive. Not as defiant as he is publicly.» The adviser elaborated, «He's gone from saying, 'Kamala can't win,' to 'Do you think Kamala can win?' It's still unclear where he's going to land but seems to be listening.»

Ethereum co-founder Vitalik Buterin, on Wednesday, warned against voting candidates solely based on their crypto support. His comments come at a time when politicians, particularly Republicans are using crypto to influence the US elections.

Bankrupt crypto lending platform BlockFi is set to commence its first temporary distribution of crypto assets through Coinbase starting in July.

Asian fund managers by brokerage BofA shows that the triad of Japan, India, and Taiwan continue to be at the top of investor mindshare, while China and Thailand lag at the bottom from an allocation perspective. Asia Pacific fund managers are 51% overweight Japan, 32% overweight India and 24% overweight Taiwan while China (net 43% underweight) is at the bottom of the table.

Mint, a spokesperson for Aegis Logistics, said, “Aegis Vopak Terminals Ltd (AVTL) is exploring options to fund future growth for AVTL. These options may include, among others, a potential fund raise by way of public issue, preferential issue, or a combination thereof, of the equity shares and debt for the JV company and as may be decided by the AVTL board in absolute discretion and permitted under applicable laws and regulations." The spokesperson added that the company has not yet made a final decision regarding the IPO, and it is still exploring its future funding options.

Having survived an assassination attempt, and shown defiance and fighting spirit while under attack, former US president Donald Trump has improved his chances of beating a frail-looking Joe Biden, who struggles to convince American voters that he retains the mental acuity to continue in office for another term. Should Trump emerge as the 47th President of the US, as is highly likely, global geopolitical and geoeconomic conditions would swiftly change, given his economic policy plan announcements. This will impact India directly and indirectly through the global spillovers.

India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record high. The world's biggest rice exporter imposed various curbs on exports in 2023 and continued them in 2024 in an effort to keep local prices in check ahead of the general elections held in April-May. New Delhi is expected to lower the basmati rice's minimum export price (MEP) to $800-$850 a metric ton, down from $950 a ton, to boost shipments, said the sources, who didn't wish to be identified as they are not authorised to talk to media.

Newme, an omnichannel fashion brand focused on new-gen customers, has raised $18 million in a funding round led by US venture capital firm Accel along with participation from existing investors including Fireside Ventures and AUM Ventures. This marks another instance of new consumer brands that are building their platforms online and offline simultaneously getting venture fund interest. Omnichannel fashion brands like Rare Rabbit, The Pants Project, and Virat Kohli-backed Wrogn have raised venture funding in recent weeks.

Airbus is set to expand its Safety Promotion Centres (SPC) to China, the USA, Germany, and the United Kingdom, added Nicolas Bardou, the product safety communications and aircraft accident crisis response advisor, during a discussion with ANI. The Safety Promotion Centre is a specialized facility focused on enhancing safety within the aviation industry. The SPC was introduced in 2023 as a strategic initiative to disseminate safety controls. Notably, in India, Airbus operates a satellite SPC located in Bangalore, furthering its global safety outreach.

BlackRock has set the stage for the potential launch of its spot Ethereum exchange-traded fund (ETF) next week, with a proposed fee of 0.25%.

silver September futures contracts opened flat on Thursday as the former opened up by 0.4% or Rs 298 at Rs 74,435 per 10 gram while the latter opened up by 0.48% or Rs 438 at Rs 92,380 per kilogram. The yellow metal has gained Rs 1,200/10 gm in the current week after slipping slightly from its all time high Rs 74,731 while silver has surged by Rs 700/kg in the same time period.

BEIJING — U.S. presidential hopeful Donald Trump's new running mate JD Vance stuck to a hard line on China in his first speech since being selected earlier in the week.

Covid-19 is trending on social media after US President Joe Biden tested positive for coronavirus on Wednesday. He is exhibiting mild symptoms. Besides that many states in the US are reporting a surge in Covid-19 cases and hospitalizations. In India,Bollywood superstar Akshay Kumar had missed the wedding ceremony of Anant Ambani and Radhika Merchant due to a COVID-19 diagnosis. After testing negative, he joined the post-wedding celebration to extend his warm greetings to the newlyweds.

The U.S. Attorney’s Office for the District of Columbia filed a civil forfeiture action on Tuesday in hopes of recovering cryptocurrency stolen from abroad – including $2 million USDT – in “pig butchering” schemes, a Tuesday July 17 press release reveals.

United Nations: Russia is prepared to work with any US president who is open to dialogue, its foreign minister said Wednesday. «We will work with any American leader, we will remain ready to work with any US leader that the US people elect, and who will be willing to engage in equitable, mutually respectful dialogue,» Sergei Lavrov said at a UN press briefing. He was answering a question about relations between Moscow and Washington if Donald Trump is reelected in November and defeats President Joe Biden.