The U.S. government is now one of the largest holders of Bitcoin, with a staggering 195,234 BTC in its possession—valued at over $16 billion, according to a recent report from Nansen. In addition to Bitcoin, the government’s crypto portfolio includes approximately $4.6 million worth of Ethereum (ETH), various stablecoins such as USDC, and yield-generating assets…
Bitcoin’s market outlook is showing signs of improvement as stablecoin liquidity surges, with Tether (USDT) leading the charge. Over the past 60 days, USDT’s market capitalization has expanded by $5.75 billion, significantly surpassing its 60-day simple moving average of $3.46 billion, according to a March 13 post by CryptoQuant on X. The broader stablecoin market…
President Donald Trump has escalated his long-standing effort to end birthright citizenship by taking the fight to the U.S. Supreme Court. His executive order, signed on his first day in office, aimed to strip citizenship from children born on American soil to parents who are in the country illegally or on temporary student, work, or…
Canada has taken its trade dispute with the United States to the World Trade Organization (WTO), formally lodging a complaint on Thursday against the sweeping 25% tariffs imposed by the U.S. President Donald Trump on steel and aluminium imports. The steep levies, which took effect on Wednesday, applied across the board without exemptions, despite ongoing…
Gold prices soared to an all-time high on Thursday as escalating trade tensions between the United States and the European Union rattled global markets. The surge came after U.S. President Donald Trump issued fresh threats to impose steep tariffs on European alcoholic beverages, including champagne and wine. The renewed uncertainty in international trade prompted investors…
After nearly three decades at the creative helm of Versace, Donatella Versace is stepping down from her role as Chief Creative Officer. In a significant shift for the iconic fashion house, Miu Miu’s Dario Vitale will take over as the new creative lead, effective April 1, 2025. This transition marks a historic moment, as it…
UN Secretary-General Antonio Guterres has sounded the alarm over the escalating trade tensions triggered by the Trump administration, cautioning that in a global trade war, “all will lose.” Speaking on Wednesday, Guterres emphasized the interconnected nature of the global economy and the benefits of free trade. “I think we live in a global economy. Everything…
Oil prices edged lower on Thursday after a strong rally the previous day, as fears over escalating trade tensions and their potential impact on global economic growth outweighed bullish inventory data from the United States. Brent crude futures slipped by 7 cents (0.1%) to $70.88 per barrel by 0107 GMT, while U.S. West Texas Intermediate…
Cryptocurrency exchange OKX is gearing up to enhance its institutional services across Europe after securing a Markets in Financial Instruments Directive (MiFID II) license. This milestone follows OKX’s acquisition of a Malta-licensed firm that holds the coveted MiFID II authorization, further solidifying the company’s regulatory compliance within the European market. According to the announcement, the…
Canada is set to witness a historic political transition as former central banker Mark Carney takes office as the nation’s next prime minister. The swearing-in ceremony, scheduled for Friday morning, will also see Carney’s newly appointed cabinet assume their roles, as announced by the governor general’s office on Wednesday. Carney’s rise to political prominence has…
