Author: Charlotte

The crypto market extended its decline on Friday as a global risk-off move swept across financial markets, dragging down Bitcoin, Ethereum, $XRP and most major altcoins. The total cryptocurrency market capitalization fell 2.4% over the past 24 hours to around $2.16 trillion, while liquidations topped $335 million. Bitcoin And Altcoins Fall Bitcoin (BTC) slipped below $63,000, trading near $62,600 after falling more than 3% in the past 24 hours. Ethereum (ETH) dropped to around $1,856, while $XRP traded near $1.06, extending losses alongside the broader market. Other large-cap cryptocurrencies also moved lower. Solana (SOL) fell to about $72.90, Dogecoin (DOGE)…

Watching his four-year-old son search for insects along the Liangshui River, Liang, 36, found himself reflecting on how they would each remember the same neighborhood in a different light. The Dahongmen of his childhood was home to one of China’s busiest clothing wholesale markets, where trucks clogged the streets, merchants shouted across endless rows of stalls, and countless fortunes have been made. His son, however, knows a different Dahongmen — one with riverside paths, museums and technology companies housed in former market buildings. The contrast captures a transformation that reaches far beyond a single Beijing neighborhood. As China’s urbanization shifts…

Bitcoin came under renewed pressure on Friday, falling below $64,000 as escalating tensions between the United States and Iran pushed oil prices higher and strengthened the dollar. The cryptocurrency dropped as low as $62,466 after failing to hold gains around the $65,000 level. At the time of the latest market snapshot, Bitcoin was trading near $63,155, down about 2.5% for the session. The decline has put a closely watched support zone around $62,000 in focus. A sustained break below that level could expose Bitcoin to a further slide toward $59,000, according to the technical setup described in the source analysis.…

Reports of a recession were greatly exaggerated The tone from economists was, at times, pointed. Douglas Porter, chief economist at BMO Capital Markets in Toronto, framed May’s result as a rebuttal to months of downturn anxiety: “it’s now clear that the underlying economy is still grinding ahead, with GDP up 1.7% from year-ago levels.” Porter, who previously told Canadian Mortgage Professional that the Bank of Canada is “on hold for the foreseeable future,” revised BMO’s full-year GDP forecast up to 0.8% following the release. He also noted that Q3 growth is expected to cool back below 2% as temporary tailwinds unwind.…

Hamilton Lane has raised $3.8bn for its latest co-investment fund, targeting private equity-backed middle-market deals across North America and Western Europe, according to a report by Bloomberg. Hamilton Lane Equity Opportunities Fund VI is larger than its predecessor, which raised $2.1bn in 2023. The vehicle will invest alongside private equity sponsors through the firm’s global direct equity platform. Ken Binick, head of direct equity investments at Hamilton Lane, said the fund is focused on the middle market, where access can be difficult for both smaller and larger investors. Around 70% to 75% of the fund’s capital is expected to be…

Global Equity Fund Inflows Reach Three-Week Peak Led by Tech Sector Investments Overview of Recent Global Fund Flows and Sector Trends Equity Fund Inflows Surge Amid Market Downturn July 31 (Reuters) – Global equity fund inflows rose to their highest in three weeks during the week to July 29, as investors snapped up technology sector funds during a market downturn, anticipating that the AI-driven advance has further to go. Investors bought global equity funds worth a net $27.21 billion in their largest weekly net purchase since July 8, LSEG Lipper data showed. Technology Sector Performance and Investor Sentiment Technology shares…

TORONTO–(BUSINESS WIRE)–The FUTR Corporation (TSXV: FTRC) (“FUTR” or the “Company”), a consumer-centric platform for data valuation and monetization is pleased to announce a major technology milestone and business evolution: the integration of the FUTR Data Protocol and FUTR Utility Token into the FUTR AI Agent App. FUTR’s AI Agent App is designed to put money back in consumer’s wallets through a powerful combination of a unique data monetization rewards system, personalized offers and intelligent agent-driven smart payment tools. By enabling direct consumer data contribution, as well as allowing Enterprises to contribute consented consumer data to AI Agents, the platform rewards…

The leader of Reform UK at the local authority, Paul Ashton, told its Liberal Democrat/Independent cabinet on Wednesday (July 29) that if the Langarth ‘garden village’ project near Truro fails it will be a “public disaster” for Cornwall Council. Langarth  is the biggest project Cornwall Council has ever achieved planning permission for. The project to build up to 4,000 low-carbon homes across five phases over a 20- to 25-year period, alongside two primary schools, health facilities, retail spaces and community hubs has been increasingly delayed due to the economic downturn this decade. While expenditure remains within the approved capital budget…

Towards a mixed economy The Economist Source link

Trump Media & Technology Group Corp. (ticker DJT) has closed its previously announced purchase agreement with Crypto.com to acquire hundreds of millions of Cronos tokens. On Friday, the company said it bought 684.4 million CRO at a price of approximately $0.15 per token as part of a 50% stock and 50% cash exchange with Crypto.com. The tokens represent approximately 2% of the current circulating CRO supply. That’s in addition to approximately 19% of the CRO circulating supply to be acquired by Trump Media Group CRO Strategy. The 684.4 million CRO are worth about $178 million at current prices. “We’re convinced…