And Trump’s dollar devaluation dreams
Latest authorisations follow January launches of first US spot bitcoin ETFs
British pound boosted by resilient economy and Labour election landslide
Move to prop up peso triggers nerves over government’s ability to stick to long-term strategy
Hedge funds and investors lured by high interest rates, but flows could leave country vulnerable to a shift in sentiment
‘We have a big currency problem’
Plus, updates on bitcoin mining and spot ether ETFs
Thomas Braziel invested some funds but also spent on jewellery, luxury hotel stays and ‘other fineries’, court finds
Data centres are being repurposed for artificial intelligence processing as crypto revenues flag
Trump Media and prison stocks also gain but solar stocks slump
The vulnerability of the yen still overhangs the Tokyo market despite a recent bounce in the currency
Plus, updates on former FTX executives and PayPal’s stablecoin
There has been a marked change of signals from Ankara on economic management
Pound hits highest level against dollar since July 2023 as chances of August interest rate cut recede
The government and the fund should focus on growth, reform and slowing inflation in a sustainable way
Plus, updates on Silvergate and exchange spot trading volumes
Calm in Britain’s financial markets following Labour victory contrasts with turmoil elsewhere in Europe
California-based bank had grown as it drew in crypto customers but later failed after billions were withdrawn
How a Biden or Trump second term as president could affect the currency
Alleged drug traffickers fed $36,000 into cash machines, indictment claims
Three years after saying bitcoin seems like a scam, Donald Trump appears newly enamoured
Plus, updates on a Solana ETF and Jump Crypto
Traders on alert for further currency intervention as market impact of April’s $62bn effort proves shortlived
Eastward expansion of 20-country currency bloc suffers setback
Presidential election comes as Iranians face cost of living crisis — even much-derided cheap car is unaffordable for many
