Labour victory in UK elections renews crypto industry optimism
The Labour Party has promised to make the UK “a global leader in tokenization.”
The Labour Party has promised to make the UK “a global leader in tokenization.”
The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages.
According to Odaily, Morgan Stanley strategist Mike Wilson has warned traders to prepare for a potential setback in the US stock market. This comes amidst increasing uncertainties surrounding the US presidential election, corporate earnings reports, and Federal Reserve policies. 'I think there's a high probability of a 10% pullback from now until some point during the US election,' Wilson stated in an interview on Monday. He also predicted that the third quarter would be rather turbulent, with companies losing their pricing power and needing to cut interest rates.Goldman Sachs' Scott Rubner echoed Wilson's sentiments on Monday, stating that if corporate performance falls short of expectations, he anticipates the stock market will endure a painful two-week period starting in August. Andrew Tyler from JPMorgan's trading department expressed a bullish outlook, but recent weak economic data has slightly dampened his confidence. Citigroup's Scott Chronert also issued a warning about a potential pullback.Despite the looming setback, Wilson is not overly concerned. Instead, he believes this could create opportunities for investors. After the S&P 500 Index achieved double-digit gains this year, he described the current valuation as 'lacklustre.' He suggested that the best way to invest in the stock market at present is through individual stocks, rather than indices.
According to PANews, Futu Securities, an internet-based brokerage, has received an upgraded license for its first class regulated activity (securities trading) from the Hong Kong Securities and Futures Commission. This allows the firm to offer virtual asset trading services to both professional and retail investors in Hong Kong.Futu launched a new 'comprehensive account' feature last Saturday (6th), which allows investors to trade investment products in multiple markets such as Hong Kong stocks, US stocks, A-shares, and Japanese stocks through a single account. The company has also announced plans to gradually introduce Singapore stocks, Australian stocks, and Canadian stocks, although no specific timeline has been disclosed.
Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.
The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President.
Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.
The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor.
The UFC fighter’s manager, Majdi Shammas, said his client did not make the decision to promote the coin and the deal only allowed for a single promotional video.
Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren.