Author: Charlotte

Why Is Invesco Targeting Stablecoin Reserves? Invesco is preparing to launch a money market fund designed for stablecoin reserve management, adding another major asset manager to the competition for cash tied to regulated digital dollar issuance. The firm has asked to add the Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust portfolio, according to an amended filing submitted to the Securities and Exchange Commission. The fund does not yet have a ticker and is expected to become effective about 60 days after the June 24 filing. The structure is aimed at stablecoin issuers that need compliant reserves, daily…

NEW YORK: Bitcoin’s slide back below US$60,000 is reviving a fear that has largely been absent from crypto for the past two years: what happens when the market’s biggest buyer comes under pressure just as retail traders lose interest.The cryptocurrency fell through a closely watched support level on Wednesday as investors grappled with growing concerns about Michael Saylor’s financing machine at Strategy Inc and a broader retreat by individual traders, many of whom have shifted their attention – and capital – to artificial intelligence stocks.“The market is repricing the whole MSTR and STRC flywheel,” said Shiliang Tang, managing partner at…

Rwanda, Africa. Stock image. The US has sanctioned Rwanda’s Gasabo Gold Refinery Ltd. for fueling conflict by processing gold stolen from eastern Democratic Republic of Congo.   Rwanda-backed M23 rebels, who have occupied eastern Congo’s two biggest cities for more than a year, have been trafficking gold to Gasabo with the help of Rwanda’s army, the US government said Thursday.  The US “will not allow rogue groups to profit from the illicit mineral trade and destabilize the region,” Secretary of the Treasury Scott Bessent said in a statement. The sanctions demonstrate the US “will impose consequences on those who profit from…

India’s National Stock Exchange to Extend Stock Derivatives Trading HoursGlonghui, May 30 — The National Stock Exchange of India has announced that starting August 3, after the implementation of the closing auction mechanism for spot equities, the regular trading closing time for equity derivatives will be extended by 10 minutes to 15:40. The exchange published a notice on its official website on Friday stating that the closing auction session for spot equities on all trading days will be from 15:15 to 15:35. In the initial stage, this auction mechanism will cover only individual stocks with corresponding derivative contracts. Regular equity…

The Independent Australia ranking on economic management (IAREM) for 2023 shows Norway leading the world while Australia’s climb up the global ladder has begun. Alan Austin reports. NORWAY IS unique among major developed economies having decided some decades ago to keep the profits from its energy exports in the country. The great wealth now generated from Norway’s North Sea oil and gas rigs goes into a sovereign wealth fund instead of being sent offshore via multinational corporations. Consequently, the nation’s assets vastly outweigh its public debt. This is one factor underpinning Norway’s rise to the top of this year’s IAREM: the…

WASHINGTON: Hedge funds’ growing exposure to Treasuries is primarily due to the revival of the cash-futures basis trade, according to a Federal Reserve economist.The highly leveraged trade now accounts for US$830bil of hedge funds’ Treasury long positioning as of September, about double its previous peak in early 2020, according to a report authored by principal economist Phillip Monin.That represents 35% of their total long Treasury exposure, which is dominated by arbitrage strategies including swap spreads and maturity-matched trades. The basis trade involves going short a Treasury futures contract and long a repo-financed Treasury security that is deliverable into the futures, the…

Cardano is generating more on-chain noise than it has in years, even as its native token $ADA trades at levels last seen in the aftermath of the 2020 crypto meltdown. According to the Santiment update from June 25, daily active addresses on the network have spiked sharply alongside a pronounced rise in social dominance. The activity jump arrives while $ADA languishes near its lowest valuation since December 2020, creating a conspicuous divergence between network usage and price. Fear-Driven Conversation Takes Over The current wave of social activity isn’t organic enthusiasm. Much of it is fear-driven. Recent remarks by Cardano founder…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Getty ELMONT, NEW YORK – MARCH 30: Bryan Rust #17 of the Pittsburgh Penguins skates against the New York Islanders at UBS Arena on March 30, 2026 in Elmont, New York. (Photo by Bruce Bennett/Getty Images) The Edmonton Oilers should be looking to add more talent to their roster this offseason. One of their top needs this summer is to bring in another skilled winger for their top six. It is clear that the Oilers could use another impactful forward to play with superstar centers Connor McDavid and Leon Draisaitl.Because of this, in a recent article for The Athletic, Allan…

  CUET Economics Topic Wise Weightage 2026 gives students a clear idea of how marks are distributed across different chapters in the exam. The syllabus is based on Class 12 Economics and is divided into Microeconomics and Macroeconomics. Understanding this weightage makes preparation easier and increases the chances of scoring well in CUET 2026. CUET Economics Topic-Wise Weightage 2026 Overview CUET Economics Topic Wise Weightage 2026 helps students understand how marks are distributed across Microeconomics and Macroeconomics. This gives candidates a clear idea of which topics to focus on for effective CUET Economics Syllabus preparation. CUET Economics Topic-Wise Weightage 2026…