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Bitcoin (BTC) experienced a sharp price drop early this week, losing 5% of its value and shedding $5,000 per token. The decline triggered over $130 million in liquidated long positions, pushing the cryptocurrency’s price down to $100,000 from its weekend
U.S. President Donald Trump announced on Sunday that a 25% tariff will be imposed on all goods imported from Colombia, marking a sharp escalation in trade tensions. The move comes in response to Colombia’s refusal to accept the return of
In a pivotal decision, the U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, eliminating a significant barrier for banks seeking to offer custody services for Bitcoin and other cryptocurrencies. The decision, announced Thursday, reflects
Novo Nordisk shares surged 6.87% to $86.67 on Friday morning following the release of promising trial results for its new obesity treatment, amycretin. The company reported that the drug demonstrated significant weight-loss effects during a Phase 1b/2a clinical trial, sparking
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 0.5% on Friday, marking the highest level since 2008. The move, reflecting a cautious pivot towards monetary policy normalization, comes amid signs of sustained inflation
US Mortgage rates have climbed back above the 7% threshold, stalling the U.S. housing market at the start of 2025. The average rate for a 30-year fixed mortgage reached 7.04% last week, marking the highest level since May 2024, according
A severe storm named Éowyn has brought extreme weather conditions to the United Kingdom and Ireland, disrupting travel and power supplies across the region. Winds reaching speeds of up to 113 mph (182 km/h) and heavy rainfall have prompted authorities
The European Union has relocated its upcoming informal defence summit from Limont Castle in Liege to the Egmont Palace in Brussels, citing security considerations. The meeting, scheduled for 3 February, marks the first European summit since the inauguration of U.S.
Global investment management firm Calamos has launched a groundbreaking Bitcoin-focused exchange-traded fund (ETF) that offers 100% downside protection against the cryptocurrency’s notorious price volatility. The ETF, which began trading on Wednesday, combines U.S. Treasury bonds and Bitcoin-linked options to provide
U.S. President Donald Trump has announced he is considering a 10% tariff on Chinese imports, potentially taking effect as early as February 1. The proposed measure follows escalating tensions between Washington and Beijing, with Trump citing China’s alleged role in