Author: Charlotte

EU lawmakers want MiCA reviewed for DeFi, staking, lending, and NFT activity. A July 6 vote could establish Parliament’s formal position on crypto policy. The report supports euro stablecoins while warning against fragmented national rules. A European Parliament committee has called for a review of whether major crypto activities outside MiCA’s current scope require dedicated regulation. The ECON report targets DeFi, staking, crypto lending, borrowing, and NFT markets while supporting tokenization and regulated euro-denominated stablecoins across European financial services. MiCA Scope Review Advances Toward July 6 Parliament Vote Following negotiations and amendments within the Economic and Monetary Affairs Committee, Belgian…

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KUALA LUMPUR — A 21-year-old man suffered severe head injuries after a freak gokart accident at a popular circuit in Puchong in the early hours of July 11. The victim, who was taking part in a recreational gokart session with a group of 13 youths, was involved in the freak accident at about 2.37am while on the circuit. Witnesses say his long hair was not secured and got caught in one of the wheels. A family member said the crash left the victim with serious head trauma. Witnesses claimed his helmet was torn off during the impact and was seen…

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Police say a jewelry store owner in central Seoul defrauded customers of gold investments and informal savings contributions. The Seoul Metropolitan Police Agency’s Provincial Special Detective Corps LEE CHAN-KYU A jewelry store owner accused of defrauding customers out of more than 10 billion won ($6.6 million) worth of gold and informal savings contributions was arrested, the Seoul Metropolitan Police Agency said Monday.The suspect, a man running a business in Jongno District, central Seoul, was taken into custody by law enforcement on charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.A detention warrant against him was sought…

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The coronavirus pandemic, and the related shutdown of most businesses, dealt an unprecedented blow to the global economy, dragging most countries into the worst downturn since the Great Depression. That includes the U.S., which like a majority of nations, has a mixed economy. There are different types of systems throughout the world, such as the command, traditional or market economy.WHAT TYPE OF ECONOMY DOES THE US HAVE? In a mixed system, private entrepreneurs, businesses and corporations are allowed to pursue their own goals, but at the same time, the government has the ability to provide services in the market, as well as intervene in areas…

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Sunil Singhania-backed Abakkus Flexi Cap Fund completely exited three Vedanta group companies following the demerger, along with one other stock in its portfolio, according to June portfolio data from ACE MF.The fund sold its entire holdings in Vedanta, Vedanta Oil & Gas, and Vedanta Iron & Steel in June. Following the listing of Vedanta’s demerged entities on June 15, 2026, it offloaded 14.50 lakh shares each of these companies. At the same time, the fund increased its exposure to Vedanta Aluminium and Vedanta Power.The other one stock from which the fund made a complete exit was Fractal Analytics and the…

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Silver prices fell near $59 an ounce on Monday as renewed US-Iran strikes pushed traders back towards the dollar and out of rate-sensitive precious metals. The move was part of a wider pullback across the metals complex, but silver’s selloff carried its own pressure points. Unlike gold, silver is not only a haven asset. It is also an industrial metal tied to solar, electronics and manufacturing demand. That makes the current setup awkward: geopolitical stress is lifting defensive demand in theory, while higher yields and a firmer dollar are hurting the trade in practice.Spot silver dropped as much as 2.9%…

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The NAL provides incremental clarity for innovators in the digital asset space and reduces legal risk for similarly structured rewards tokens. By Zachary Fallon, Stephen P. Wink, Hank Balaban, Connor Jobes, Daphne Lambadariou, and Deric Behar Key Points: Pursuant to the NAL, transactions in Fuse Tokens will not be considered to involve securities requiring registration under the securities laws. The Fuse Token is designed for consumer utility, and not for capital raising, profit, or speculative investment. It therefore does not meet the Howey test criteria for an investment contract (and consequently is not a security). The SEC Staff continues to…

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