More pain as mortgage rates hit 15-year high record in Britain
Mortgage rates are spiking in Britain following tough economic times and decisions from the European Central Bank and the Bank of England. The country has been experiencing record-high inflation rates that have necessitated the introduction of higher bank rates, which have raised living costs.
US Treasury yields fall as investors wait for key economic data
US treasury yields have back slides as investors await key economic data that could impact the Federal Reserve monetary policies.
Record U.K. wage growth depicts looming fear over inflation embedding
U.K. wage growth has shaken the eurozone markets as the country battles wild inflation rates. Investors are digesting the report, which shows inflation could run wild for a little longer.
UK FCA shuts down 26 crypto ATMs
UK FCA has joined a growing group of hawkish regulators after spearheading multiple crypto crackdowns. Now, it has ordered the shutdown of 26 crypto ATMs that have worked against set rules.
Sarah Silverman sues Meta and OpenAI for copyright violations
American comedian and author Sarah Silverman and two other authors, Richard Kadrey and Christopher Golden, have filed a lawsuit against Meta and Open Ai, claiming that the two establishments used their copyrighted works to train their AI models
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Hot Stories
Slovakian parliament votes in support of lower crypto taxes
Slovakia has joined a growing list of pro-crypto legislation after approving the amendment of the crypto taxes bill, which slashes the taxes to only 7%.
MicroStrategy adds 12,333 more Bitcoins for $28,136 median acquisition price-Michael Saylor
Microstrategy has pushed its limits in Bitcoin acquisition after buying $347M worth of Bitcoins at an average cost of $28,136 per coin. The institution now holds 152,333 coins worth around $4.52 billion, acquired at an average cost of $29,668 per Bitcoin.
Charles Hoskinson debunks a FUD that interest in Cardano is waning
Cardano CEO Charles Hoskinson has replied to a tweet praising the Cardano ecosystem for its efforts to weather the current bear market cycle, saying it’s commendable to uphold total decentralization in the process.
Bitcoin is a defense against “manipulation of the money supply”-Robert F. Kennedy Jr
In a June 28 tweet, Robert F. Kennedy Jr expressed that he would support Bitcoin and ensure that all US citizens have the right to hold their Bitcoin and make it inviolable. He added that it is a nice tool to save US citizens from totalitarianism and manipulation of the money supply.
DEX to CEX Futures trading volume ratio hits a new all-time high (ATH)
On June 27, the DEX to CEX futures trading volume ratio recorded a new all-time high though DEXs still have fewer futures trading volumes. These developments show growing discontent in the centralized crypto markets like Binance and Coinbase as regulators go harder after them.
Chibi Finance-Arbitrum based protocol conducts an exit scam
On 27 June 2023, Chibi Finance conducted an exit scam on the project. The team removed liquidity from the Arbitrum-based protocol, which was then bridged to Ethereum, where 555 ETH, approximately $1,041,141, was deposited into the crypto mixer Tornado Cash before being transferred to individual wallets across other networks.