Author: Journalist

In brief U.S. M2 money supply hit a record $22.02 trillion, but crypto markets continued to slide. Analysts say liquidity remains sidelined in money markets, not flowing into risk assets like crypto. High leverage, especially in altcoins, is driving forced selling and amplifying short-term volatility. The U.S. money supply has climbed to a record high, but crypto markets continue to extend their decline, moving against a tide of rising liquidity.The M2 money supply in the U.S. surged 4.5% year-over-year in June to a record $22.02 trillion, the Kobeissi Letter wrote in a tweet on Thursday.The broad measure of money in…

Thiago Prudencio | LightRocket | Getty ImagesTesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck.The company’s digital assets are currently valued at $1.24 billion.That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in missed gains for the electric vehicle maker.Bitcoin is trading near a record and is up 80% over the past year. Tesla sold 75% of its holdings in mid-2022, when the digital currency was trading…

[BRUSSELS] Business activity in the eurozone increased for a seventh consecutive month in July, with the pace of expansion hitting an 11-month high, a closely watched survey showed on Thursday (Jul 24). The HCOB Flash Eurozone purchasing managers’ index (PMI) published by S&P Global registered a figure of 51.0 this month up from 50.6 in June.Any reading above 50 indicates growth, while a figure below 50 shows contraction.Although still modest, the pace of growth quickened for the second consecutive month and was the sharpest since August last year, the survey said. “The eurozone economy appears to be gradually regaining momentum,”…

PA MediaKing Charles has held talks with Indian Prime Minister Narendra Modi at Sandringham, after a free trade deal was signed between the UK and India.UK cars and whisky will be cheaper to export to India and Indian textiles and jewellery cheaper to export to the UK under the multi-billion pound export boost.The deal took three years to reach and also commits to a new India-UK plan to tackle illegal migration. Modi was hosted by the King at his private estate in Norfolk after meeting Prime Minister Sir Keir Starmer at Chequers, where the agreement was formally signed.Opponents had warned…

Traders wait for insurance marketplace Accelerant to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2025. Brendan McDermid | ReutersThe S&P 500 and the Nasdaq Composite eked out record closes on Thursday after Alphabet’s latest quarterly results came in better than expected.The broad market index added 0.07% to end at 6,363.35, and the tech-heavy Nasdaq rose 0.18% to close at 21,057.96. Both indexes sharply curtailed their gains as the session ended. The Dow Jones Industrial Average fell 316.38 points, or 0.70%, to settle at 44,693.91. The 30-stock Dow…

In brief SEC staff greenlit Bitwise’s ETF on Tuesday, but it was immediately paused under a discretionary review rule. Grayscale’s GDLC faced the same setback earlier this month. It then responded with a legal warning. ETF Institute co-founder Nate Geraci called it a “bizarre situation” as procedural uncertainty clouds ETF conversions. The SEC halted another crypto index ETF approval on Tuesday, marking the second time this month that the commission has intervened to block a staff-level recommendation.This time around, the move affects Bitwise’s 10 Crypto Index ETF, which was approved earlier in the day by the SEC’s Division of Trading…

Key takeaways: Altcoins account for 71% of Binance Futures trading volume, marking a clear shift in trader interest from Bitcoin.Over 32,000 BTC entered exchanges, suggesting profit-taking and potential altcoin rotation amid rising volatility.TRX leads altcoin momentum with early decoupling from BTC, indicating a fragmented altseason focused on strong or hyped tokens.Altseason continues to build momentum, with daily trading volumes on Binance Futures surging to $100.7 billion — the highest level since Feb. 3. The spike in activity follows Bitcoin’s (BTC) recent rally to new highs in July, reigniting retail interest in altcoins.Crypto analyst Maartunn said that while Bitcoin’s trading volume…

Traders work on the floor of the New York Stock Exchange (NYSE) on July 7, 2025, in New York City.Spencer Platt | Getty Images News | Getty ImagesThe S&P 500 narrowly posted another fresh record close on Tuesday, as traders weighed the latest earnings reports and new trade developments.The broad market index ticked up 0.06% to end at 6,309.62 and notch its 11th record close in 2025. The 30-stock Dow Jones Industrial Average rose 179.37 points, or 0.40%, settling at 44,502.44. By contrast, the Nasdaq Composite slipped 0.39% and closed at 20,892.69, bogged down by declines in tech stocks. It…

SINGAPORE – Cryptocurrency exchange Tokenize Xchange will cease its operations here from Sept 30, just over a year after raising US$11.5 million (S$14.8 million) in funding and announcing plans to ramp up hiring.The Singapore-headquartered company said on July 20 that it will shut down the business following the Monetary Authority of Singapore’s (MAS) decision not to grant it a licence to offer digital payment token services here. Tokenize was previously operating under an exemption. It said it will move its operations to Labuan, a federal territory in Malaysia, where it is in the process of acquiring a company that holds a…

This week in ESG news: EU delays new sustainability reporting requirements for large companies; HSBC exits Net Zero Banking Alliance; Microsoft signs one of largest-ever carbon removal deals; UK drops plans for sustainable finance taxonomy; Google signs record clean energy deal with Brookfield; EU watchdog questions Commission’s fast-track approach to Omnibus; ECB says banks are getting better at managing climate risk; survey finds U.S. companies investing more, talking less about sustainability; GRI proposes new sustainability reporting standards for fashion sectors; Iberdrola sources more than $7.5 billion in sustainable finance; bp sells its U.S. onshore wind business, capital raises solutions to…