Economy

Economy
Economy

Commodity wrap: silver smashes past $70/oz on firm demand, gold hits record high

The rally in silver prices continued on Tuesday as prices breached the $70-per-ounce mark for the first time ever on robust physical and investment demand. Gold prices also hit a new record high, crossing the $4,500 per ounce mark on Tuesday on a weak dollar and geopolitical uncertainty. Meanwhile, oil prices fell slightly as oversupply

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Economy

Spain finalizes July 2026 MiCA deadline, confirms DAC8 tax reporting

Spain has officially extended its transitional period for crypto licensing under MiCA to 2026, when it also plans to begin enforcing DAC8 tax reporting rules. According to local media reports, Spanish authorities are preparing to overhaul the country’s crypto regulations next year by fully implementing the two European Union frameworks, MiCA and DAC8, which will

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Economy

Indian government bonds surge as RBI steps in to ease liquidity strain

Indian government bonds recorded their strongest rally in four months on Wednesday, after the Reserve Bank of India rolled out fresh liquidity measures aimed at stabilising money markets and containing a recent rise in borrowing costs. The move came at a time when banking-system liquidity has tightened sharply, bond yields have climbed to multi-month highs,

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Economy

AI16Z hit with DAXA trading alert, Bithumb and Coinone issue investment warning

South Korea’s cryptocurrency market is witnessing heightened scrutiny over AI16Z, a token that has recently rebranded as ElizaOS (ELIZAOS) following a contract migration. The South Korean exchange regulator Digital Asset eXchange Alliance (DAXA) has placed AI16Z under a trading alert on Bithumb’s platform, citing concerns over untimely disclosures and a lack of transparency that could

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Economy

US court ruled in favour for Trump’s $100,000 H-1B visa application fee

A federal court ruling has cleared the way for the Trump administration to proceed with a sharp increase in H-1B visa application fees, a move that could significantly alter how US companies hire skilled foreign workers. The decision, delivered on Tuesday, allows a $100,000 charge on new applications, reshaping one of the most widely used

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Economy

Rumours of Ripple IPO talks resurface despite Monica Long’s denial

Ripple, the blockchain payments and infrastructure company behind XRP, has once again become the focus of IPO speculation. Recent claims circulating among crypto observers suggest the company could be engaging in late-stage discussions for a potential public offering in 2026. These claims come despite clear statements from Ripple’s leadership that the company has no immediate

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Economy

Polymarket confirms user accounts breached via third-party authentication vulnerability

Polymarket has recently confirmed that several of its users were affected by a security breach, which it says was due to a vulnerability in a third-party authentication service. The Polymarket team has officially acknowledged the incident that several users had been reporting over the past week, prompting renewed concerns about account safety. Polymarket users report

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Economy

Sanofi to acquire Dynavax for $2.2B, sending shares higher by 37%

Shares of Dynavax Technologies jumped sharply in premarket trading on Wednesday after the US vaccine maker agreed to be acquired by French pharmaceutical group Sanofi in an all-cash deal valued at about $2.2 billion. Sanofi said it will pay $15.50 per share for Dynavax, representing a premium of roughly 39% to the company’s closing price

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Economy

Why Italy is stepping in over Meta’s AI ambitions on WhatsApp

Italy has become the latest European regulator to challenge how Big Tech is integrating artificial intelligence into widely used digital platforms. This week, the country’s antitrust authority ordered Meta Platforms to suspend certain WhatsApp contractual terms while it investigates whether the company abused its dominant position. The case centres on AI chatbots and whether recent

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Economy

Curve DAO rejects proposal for $6.2M allocation to Swiss Stake

The Curve DAO community has rejected a proposal that sought to provide significant financial backing to its main development entity, Swiss Stake. The vote marks the latest governance decision within the Curve Finance ecosystem and comes as the protocol’s native token continues to show resilience around the $0.37 level. According to details from the vote,

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