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$2B Ethena USDe depeg exposes cracks in crypto’s ‘synthetic dollar’ system

Ethena’s synthetic dollar, USDe, shed…

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Stock

Bitcoin falters again causing $200B wipeout: Will BTC hold $110k or break to $104k?

The crypto market lost nearly…

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Investing

Michelin stock slumps 9% as profit downgrade triggers concerns over 2026 targets

Shares in French tyre maker…

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Investing

GPIQ ETF beats JEPQ by far, but QQQ is a better Nasdaq 100 fund

The Goldman Sachs Nasdaq-100 Premium…

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Investing

Xiaomi shares slump to five-month low after fatal EV crash raises safety fears

Shares of Xiaomi Corp dropped…

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Investing June 6, 2025

Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

Asian equity markets closed mixed on Friday in a subdued trading session, with investors weighing the latest developments in US-China relations and bracing for key economic data from…

Investing June 6, 2025

Starlink reportedly secures key licence in India, moves closer to launching services

Elon Musk’s Starlink has been granted a Global Mobile Personal Communication by Satellite (GMPCS) licence by India’s Department of Telecommunications (DoT), becoming the third satellite communications provider to…

Economy June 6, 2025

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of…

Investing June 5, 2025

ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

Top crypto projects seem to reposition themselves as the market consolidates before a potential bull run.The Arbitrum team is turning to on-chain automation and artificial intelligence amid efforts…

Investing June 5, 2025

Ripple releases $2.18B in XRP, price dips 2%

Ripple has released 1 billion XRP tokens from its escrow accounts this month, marking the continuation of a distribution mechanism that has been in place since 2017. Although…

Economy June 5, 2025

Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.…

Economy June 5, 2025

OpenAI tops 3 million paying business users, launches new features for workplace

OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into…

Stock June 4, 2025

World Liberty Financial airdrops $47 USD1 stablecoin in symbolic ‘stimulus’ nod to Donald Trump

World Liberty Financial, a DeFi venture part-owned by a trust of US President Donald Trump, has kicked off a new airdrop campaign targeting early backers. On June 4, the blockchain…

Investing June 4, 2025

Tesla May sales soar 675% in Australia even as global EV market slows

Tesla saw a sharp rebound in electric vehicle sales in Australia in May, delivering 3,897 units—up more than 675% from the previous month’s low of just 500 vehicles.…

Investing June 4, 2025

Asian markets close: Nikkei +0.8%, Kospi +2.66% on tech rally, SK election; Sensex rebounds 261 pts

A wave of positive sentiment swept across most Asia-Pacific stock markets on Wednesday, with major indices posting notable gains. This upward momentum was largely driven by a strong…

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