China trade balance grows in May; exports miss expectations amid US tariffs
China trade balance grows in May; exports miss expectations amid US tariffs
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Google boosts AI in Search, Gmail, and shopping as ChatGPT competition grows
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UK economy grows 0.7% in first quarter
The UK economy expanded 0.7 per cent in the first quarter, surpassing expectations and delivering a boost to Labour ahead of the impact of Donald Trump’s tariffs. Thursday’s GDP figure for the first three months of the year was above both the 0.6 per cent forecast by economists in a Reuters poll and the 0.1 … Read more
Robinhood grows its footprint in Canada by acquiring WonderFi
Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal as it pushes into Canada’s growing digital asset market. WonderFi operates two regulated crypto platforms, Bitbuy and Coinsquare, with over CA$2.1 billion in assets under custody. The transaction offers WonderFi shareholders CA$0.36 per share, representing … Read more
Tron flips Ethereum in USDT supply as on-chain activity grows
Tron has officially surpassed Ethereum in total circulating USDT, marking a major shift in the stablecoin space. According to a May 12 post by CryptoQuant contributor Maartunn, on May 6, Tron’s (TRX) USDT supply reached $73.8 billion, exceeding Ethereum’s (ETH) $71.9 billion. Tron is now leading in USDT issuance for the first time after almost … Read more
Jupiter crypto jumps 11% as Solana’s DeFi ecosystem grows
Jupiter token, powering the biggest dApp on Solana, rose more than 11% during this rally, benefiting from ecosystem growth. Jupiter (JUP), the biggest DEX aggregator on Solana (SOL), is taking advantage of the latest market rally. On Thursday, May 7, the token was up 11.83%, reaching $0.4622, driven by both market momentum and ecosystem growth. … Read more
Strategy grows Bitcoin war chest, Nexo returns to US, former Celsius CEO faces 20 years | Weekly Recap
Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Nexo’s return to the U.S. after a hiatus, and the latest on Celsius founder Alex Mashinsky’s trial. Strategy buys more Bitcoin Nexo returns to the US Regulations and prosecutions…
Warren Buffett grows cash pile to $347.7 billion while Berkshire Hathaway profits fall on wildfire losses
Warren Buffett’s company reported just over one-third of last year’s profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions. The profit numbers were weighed down by a major drop in the value of its investments and $860 million in insurance losses … Read more
Bitwise registers first NEAR ETF in US as institutional interest in altcoins grows
Key Takeaways Bitwise registered a NEAR ETF, marking the first step toward launching the first NEAR ETF in the US. A US NEAR ETF would provide institutional access to the NEAR token, aligning with broader industry trends. Share this article American fund manager Bitwise Asset Management has registered a trust entity named Bitwise NEAR ETF … Read more
China’s economy grows 5.4% in first quarter
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy expanded 5.4 per cent in the first quarter of this year as producers frontloaded exports to beat higher tariffs imposed by US President Donald Trump, official data showed. The GDP figures are China’s … Read more