UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget
The UK government ran a larger than expected £1.8bn deficit in July, underlining the challenges facing the chancellor, John Healey, as he draws up his first budget.
Regulation
South Korea’s Shinhan partners with Solana Foundation, Etherfuse, Orca for tokenized fund issuance
The agreement covers a proof-of-concept for the issuance and distribution of a Korean won-denominated tokenized fund.
Back on track: can Burnham fix the north’s woeful rail services?
For passenger rail travel, the north of England was the future, once. But since that first train from Darlington to Stockton in 1825, many have felt short-changed. As one angry passenger put it, 200 years later: “What i…
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MANTRA freezes all transactions and network following unspecified incident
MANTRA Chain has halted the network and all transactions after discovering an incident, the nature of which remains undisclosed.
Anxiety over war, wildfires and cyber-attacks leads to growth in cash stocks in EU
The number of banknotes in circulation in the EU is increasing despite widespread smartphone payments, new data shows, with wildfires ripping through parts of Europe fuelling demand for an emergency stash of cash.
Bitcoin breaks through $75,500 while analyst calls current rally ‘premature’
Shawn Young, chief analyst at MEXC Research, said that the crypto market is giving Treasury's intervention 'more credit than it deserves.'
Panama canal to reduce shipping as El Niño strikes vital route
Further restrictions on shipping lane possible as Central America gripped by severe drought
CME CEO Terrence Duffy trades barbs with CFTC’s Selig and Kalshi’s COO over prediction market oversight
A CFTC ommittee meeting exposed a sharp divide between the worlds of traditional finance and prediction market platforms.
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Why the US economy is ringing alarm bells
What with a 250th birthday, Taylor Swift's wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer.
CFTC chair says agency will move forward on crypto regulation if CLARITY fails
Michael Selig said at a meeting of the Innovation Advisory Committee that he had directed CFTC staff to explore developer protections and other crypto-related policies.
Kraken parent Payward explores becoming a ‘full bank’ outside the US
Payward is expanding across banking, lending and asset management, with mortgages a future possibility.
Federal Reserve Board announces approval of application by National Westminster Bank Plc
XRP’s price (XRP-USD) climbed more than 11% in a single day to reach $1.23. This is a big change for XRP after weeks of flat price moves where it stayed trapped between $1.00 and $1.13.
U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails
The Digital Asset Market Clarity Act was not supposed to fail. It had bipartisan committee support, a White House willing to sign, and an industry that spent over $100 million lobbying for it. Six months ago prediction …
CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act
Commodity Futures Trading Commission Chair Michael S. Selig has directed agency staff to begin developing crypto market structure rules, preparing the regulator to act if Congress fails to pass the Clarity Act.
CFTC Starts First Innovation Meeting on Crypto, AI and Prediction Markets
CFTC Chair Michael Selig says the U.S. must lead in crypto and financial innovation.
Ondo executive says tokenization is following the same path as early ETFs
The firm hopes that passage of the Clarity Act will help open the door for it to offer tokenized products in the U.S.
Inside the Oval Office meeting: Trump appears ‘bullish’ on Clarity Act as he solicits feedback from crypto, finance CEOs
During a private Oval Office meeting, President Trump appeared “bullish” on passing the Clarity Act, one source said.
Mark Zuckerberg buys 440-acre Strancally castle estate in Ireland
It stretches the definition of pied-à-terre but Mark Zuckerberg now has a pad in Ireland: Strancally castle.
Bitcoin’s rally pushes past $72,000 as analysts see demand beyond historic short squeeze
Analysts say the move is supported by spot and ETF demand, though BTC will need to hold above $70k to show the rally can outlast the squeeze.
Why is the Trump administration causing turmoil in the bond markets? | Richard Partington
As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching
Specsavers pays £12m dividend to parent company after jump in earnings
Pre-tax profits rose at high street opticians to £429.7m in the year to February while sales rose 7% to £4.3bn
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below:
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below:
UK cinemas look at banning Meta smart glasses over piracy fears
Trade body says local chains would have to balance concerns with potential benefits of AI-enabled technology