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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For … Read more
As Elon Musk prepares to step back from the Department of Government Efficiency (DOGE), his goal to rout out government waste, fraud, and abuse may have fallen short. Some experts warn his efforts may actually be costing the government billions in lost labor and revenue. DOGE initially promised to identify and eliminate $2 trillion in … Read more
Many CEOs have used their quarterly earnings calls to warn that the Trump administration’s tariff policy, and the ensuing economic uncertainty, is going to be bad for business. But not ServiceNow CEO Bill McDermott. McDermott says the current macroeconomic upheaval caused by Trump’s policies could actually provide an additional boost to ServiceNow’s business. The reason? … Read more
The height of tax season was the height of turmoil at the IRS. The agency shuffled through three acting directors over the course of a week. It’s preparing to lose tens of thousands of workers to layoffs and voluntary retirements. And President Donald Trump is weighing in on which nonprofits should lose their tax-exempt status, an incursion into the agency’s … Read more
This photo taken on Jan. 30, 2025 shows the European Central Bank ECB headquarters in Frankfurt, Germany. Zhang Fan/Xinhua via Getty Images The European Central Bank should only enact one more quarter percentage point interest rate cut this year despite wider risks to economic growth, the International Monetary Fund’s Europe chief said Wednesday. “We have … Read more
CryptoQuant analyst Axel Adler Jr noted that the Bitcoin futures market saw a total of 57,000 BTC positions in the past three days, around the same time BTC surpassed the $93k threshold. In a recent post, CryptoQuant analyst Axel Adler Jr. said that traders have opened BTC (BTC) positions amounting to 57,000 BTC in the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government borrowing overshot expectations in March and in the full fiscal year, in a setback for chancellor Rachel Reeves as the economy faces the impact of Donald Trump’s tariffs. The shortfall between government income … Read more
The Trump tariff agenda will backfire. Interest rates and inflation will be stubbornly high. And stagflation may set in. That’s the take from Brian Coulton, chief economist at Fitch Ratings, a leading provider of credit analysis on global markets. This writer finds that Coulton’s views are extremely well grounded in data, logic and historical precedent. … Read more
The Primary School, a tuition-free private school with 543 students co-founded by Mark Zuckerberg’s wife Priscilla Chan, will shutter its doors after roughly a decade in operation. The school, which has two locations in the San Francisco area, said in a note on its website that it will close after the 2025-2026 academic year. To sustain its … Read more
While there is no silver bullet for healthy aging, there are habits that can help you age well—especially when it comes to what you eat. In a 30-year study, researchers found that a certain diet was associated with healthy aging, defined as reaching the age of 70 without any major chronic health conditions, an intact memory, … Read more
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