Author: Journalist

Bitcoin is currently consolidating between $115,000 and its all-time high of $123,000, forming a tight range that has kept both bulls and bears on edge. Despite the recent surge, price action has slowed, and while bulls are holding strong above key levels, market participants are growing cautious about the potential for a correction.Adding to the uncertainty is the resurfacing of a Satoshi-era whale. Top analyst Darkfost has been tracking this long-dormant wallet, which recently transferred 80,000 BTC to Galaxy Digital, a major player in digital assets and AI infrastructure. The move immediately triggered speculation across the crypto space, as such…

Jonathan Raa | Nurphoto | Getty ImagesEther climbed to end the week as President Donald Trump signed the GENIUS Act stablecoin legislation into law, while bitcoin and its proxies took a breather.The price of ether was last higher by 2% at $3,506.48, according to Coin Metrics, trading at highs not seen since January and turning positive for the year.On Thursday, ETFs tracking the price of ether saw daily inflows top those of bitcoin ETFs for the first time ever. The funds logged $602 million in net inflows, led by BlackRock’s iShares Ethereum Trust (ETHA). Bitcoin ETFs on the same day saw inflows of…

Chinese supervisors have issued a framework that identifies activities eligible for green financing. The so-called Catalogue of Green Finance-Supported Projects combines and updates two previous “catalogues” for low-carbon transition activities and green bonds. The updated framework applies to green loans and bonds, but not Chinese listed equities “for the time being”. It will come into force in October; green loans and bonds that have been made against the legacy frameworks and approved prior to that date will be allowed to proceed. The framework was issued by China’s central bank, and securities and banking regulators. The central bank, together with EU and Singapore…

Getty ImagesLawmakers in the US have passed the country’s first major national cryptocurrency legislation.It is a major milestone for the once fringe industry, which has been lobbying Congress over regulation for years and poured millions into last year’s election, backing candidates that included Donald Trump. The bill sets up a regulatory regime for so-called stablecoins, a kind of cryptocurrency backed by assets seen as reliable, such as the dollar. Trump is expected to sign the legislation into law on Friday, after the House passed the bill on Thursday, joining the Senate, which had approved the measure last month.Known as the…

In brief Electric vehicle maker Volcon said that it has raised $500 million to fuel a Bitcoin treasury. The company’s stock soared by nearly 135% on Thursday following the announcement. It is one of dozens of companies investing in Bitcoin, perhaps seeking lift its sagging stock.  Shares of electric vehicle maker Volcon soared nearly 135% on Thursday after the company announced that it would raise $500 million to kick-start a Bitcoin treasury, joining a growing number of firms building BTC treasuries as a major component of their corporate strategies. The firm has entered into an agreement to sell 50,142,851 shares of its…

SINGAPORE – Rising supplier prices are a worry for Ms Rosemary Chng, founder of vitamins and health supplements business Elixir Botanica.It is why she expects the business outlook to remain the same, even though her business is doing well now.“It’s crazy that the suppliers do price adjustments every three months. But I can’t do that, as my customers won’t like it. This is why it’s very critical for survival that I increase my customer base, if I can’t increase prices,” she said.Ms Chng is among owners of Singapore small and medium-sized enterprises (SMEs) who are grappling with global supply chain…

Traders work at the New York Stock Exchange on July 15, 2025. NYSEStocks went on a wild ride Wednesday as a White House official indicated to CNBC that President Donald Trump was moving closer to firing Jerome Powell as Federal Reserve chairman, initially knocking down the S&P 500. The benchmark rebounded as Trump later denied the report, but traders remained concerned he could follow through.The S&P 500 added 0.32% and ended at at 6,263.70. The Nasdaq Composite gained 0.26%, settling at 20,730.49 and posting its ninth record close of the year. The Dow Jones Industrial Average added 231.49 points, or…

Trifecta of bullish drivers lifts AUD/USD to 8-month high AUD/USD finished higher last week at 0.6576, up 0.34%, marking its highest weekly close in eight months. Its gains were supported by a trifecta of drivers, which helped it withstand a stream of hawkish tariff headlines that otherwise provided broad support for the United States (US) dollar:  These included the Reserve Bank of Australia’s (RBA) surprise decision to keep interest rates on hold, catching local markets off guard, as a rate cut had been widely expected Stronger commodity prices, particularly an 8.72% weekly gain in copper, followed President Trump’s announcement of a…

Traders work at the New York Stock Exchange on July 10, 2025.NYSEThe S&P 500 edged higher on Monday even after President Donald Trump threatened high tariffs on more countries over the weekend. Losses were kept in check as investors bet those duties will eventually be negotiated down and looked ahead to a busy week for second-quarter earnings season.The S&P 500 added 0.14% to close at 6,268.56, while the Nasdaq Composite rose 0.27% to settle at 20,640.33. The Dow Jones Industrial Average gained 88.14 points, or 0.20%, ending at 44,459.65.Investors continue to monitor ongoing updates on the tariff front, after Trump…

This week in ESG news: Mars launches $250 million sustainability solutions fund, ties exec compensation to climate goals; EU proposes major simplification of sustainability taxonomy; Google turns the corner on data center emissions, but supply chain drags carbon footprint higher; revised European Sustainability Reporting Standards may cut datapoints by two thirds; Microsoft signs 3 million ton carbon removal deal; Iberdrola, Masdar sign record offshore wind agreement; EU Commission looks to develop nature credits market; California releases guide for companies beginning mandatory sustainability reporting; UL Solutions launches new sustainability data and reporting solutions; ESMA guides issuers and fund managers on anti-greenwashing…