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Aave [AAVE], a leading decentralized finance (DeFi) protocol token, broke past the critical $280 resistance level earlier this week, defying bearish predictions and igniting bullish hopes. However, its breakout was short-lived as it retraced toward lower support zones following broader market turbulence, particularly Bitcoin’s [BTC] rejection at $110,000. Despite the price fluctuation, analysts believe AAVE’s…
China’s retail sales surged in May, growing at the fastest pace since December 2023, fueled by government subsidies and strong online shopping demand. Official data released by the National Bureau of Statistics (NBS) on Monday showed retail sales rose 6.4% year-on-year, beating economists’ forecast of 5% and marking a sharp acceleration from April’s 5.1%. This…
Tether, the issuer of the world’s largest stablecoin USDt, has frozen more than $12.3 million worth of USDT on the Tron Network, continuing its aggressive effort to curb illicit financial activity across the cryptocurrency landscape. Blockchain data from Tronscan confirms the freeze occurred at 9:15 am UTC on Sunday, although Tether has yet to release…
India’s position as a global remittance leader is growing stronger, with inflows rising from $55.6 billion in 2010–11 to $118.7 billion in 2023–24, according to the Reserve Bank of India. With projections placing remittances at $160 billion by 2029, the demand for seamless, digital financial services for non-resident Indians (NRIs) is rapidly accelerating. Enter Aspora—formerly…
Amazon has unveiled an ambitious A$20 billion (US$13.02 billion) investment plan to expand its data centre infrastructure across Australia from 2025 to 2029, marking one of the largest technology infrastructure projects in the country’s history. The move aims to meet soaring demand for cloud computing and artificial intelligence (AI) services while accelerating the digital transformation…
Oil prices spiked sharply on Friday following intensifying geopolitical tensions in the Middle East, as Israel launched attacks on Iranian military and nuclear infrastructure. In retaliation, Iran mounted a response, heightening fears of a broader conflict that could disrupt global oil supply. West Texas Intermediate (WTI) crude, the U.S. oil benchmark, jumped approximately 7.5% to…
Mellow Finance has selected Ethena [ENA] as its first altcoin investment, signaling strong institutional confidence in the project’s long-term potential. The decentralized asset management protocol executed a substantial transfer of 15.147 million ENA — worth approximately $4.48 million — from Bybit to its personal wallet, a clear indication of strategic positioning during a market downturn….
PEPE, one of the leading meme coins in the crypto market, has shown surprising short-term resilience, gaining 3.5% in the last 24 hours to trade at $0.00001110, according to CoinMarketCap. However, analysts warn that the bullish momentum could be short-lived, with several technical indicators flashing red and a major whale deposit suggesting profit-taking may be…
Roman Storm is scheduled to stand trial on July 14 in New York, facing multiple charges including conspiracy to operate an unlicensed money transmitter, money laundering, and conspiracy to violate U.S. sanctions. These charges stem from his involvement in Tornado Cash, a decentralized crypto mixing protocol that has been accused of enabling illicit transactions by…
Ethereum (ETH) has staged a notable comeback, reclaiming the $2,500 level after a sharp correction fueled by global geopolitical tensions. The bounce has ignited cautious optimism within the crypto market, with Ethereum outpacing Bitcoin (BTC) in terms of percentage recovery from recent lows. Despite the uncertainty that spooked traders just days earlier, the current technical…