Author: Charlotte

Morningstar estimates the stablecoin market could grow to $1.45 trillion by 2035, from just $300.0 billion today. The most promising uses that drive this growth include cryptocurrency trading, business-to-business payments, emerging-market deposits, and remittances.Despite those growth expectations, our projections arrive well below some of our peers, who appear to be extrapolating too much from the strong growth seen in 2025. We believe that more infrastructure needs to be built to drive adoption, and that the benefits of stablecoins are not as universal as some proponents suggest. The Possible Impact of StablecoinsSo, who stands to benefit from this growing but generally…

(June 22): Elon Musk’s SpaceX launched its first-ever notes offering on Monday and said it had about US$100.8 billion (RM418.4 billion) in cash and cash equivalents as of June 19, days after its blockbuster US stock market IPO.The rockets-to-AI company debuted on the Nasdaq on June 12 after raising US$85.7 billion from its initial public offering, making it one of the world’s most valuable firms.SpaceX has increased spending on AI infrastructure and the development of its next-generation Starship rocket, investments that have weighed on profitability despite strong growth at its Starlink satellite internet business.Its revenue rose 33% to US$18.67 billion…

Gold is on track for a fourth consecutive weekly decline, while silver extended its steep selloff after breaking below key technical support levelsGold and silver prices remained under pressure, with both precious metals heading for weekly losses as a stronger U.S. dollar and expectations of higher U.S. interest rates continued to weigh on investor sentiment.Gold was on track for a fourth consecutive weekly decline, while silver extended its steep selloff after breaking below key technical support levels. Investors have largely reduced exposure to non-yielding precious metals amid growing expectations that the U.S. Federal Reserve will raise interest rates further this…

India’s passive funds recorded an increase in assets under management (AUM), reaching Rs 14.77 lakh crore in May 2026, as revealed by the NSE Nifty Passive Insight report, despite the industry experiencing net outflows of Rs 402 crore.The report indicates a significant upturn in passive equity funds, which were primarily responsible for this growth, garnering net inflows of Rs 9,488 crore over the period. Equity ETFs absorbed Rs 6,692 crore, and equity index funds saw inflows of Rs 2,796 crore, indicating a sustained investor interest in equity-based passive products.However, market volatility mitigated the effects of these inflows on overall assets.…

Picture the 1930s economic slump, absent Keynes’s challenge to prevailing thought. Classical economists were stuck with the mindset that laissez-faire would ultimately produce a recovery. Keynes confronted this consensus, demonstrating that – in the circumstances of the era – government intervention was indispensable, and so rescued a beleaguered economy. As he explained in the preface to his General Theory:The difficulty lies, not in the new ideas, but in escaping from the old ones.[1]While UK higher education is currently buoyed up by international demand, there’s a disquieting undercurrent of pessimistic sentiment, similar to the mood of the 1920s and the fin de siècle apprehension of…

During the first round of the 2026 NBA Draft, the Denver Nuggets opted to trade down from their No. 26 pick on the board for three second round picks–– one that was in this year’s draft at No. 35 that would be used to land Arkansas forward Trevon Brazile, and two more future picks to be utlized down the line.However, it seems like the Nuggets at least had some conversations about doing the opposite in the first day of the draft; potentially trading up the board from where they sat at the 26th pick.That’s because they had their eye on…

Stripe processed $1.4 trillion in total payment volume in 2024, a figure roughly 2.6 times the size of Ireland’s entire 2024 GDP and, by current run-rate estimates for 2025, now closer to three-and-a-half times the output of the country its founders left behind. The company that handles all of it was started by two brothers from Limerick who built the first version of the API in a Palo Alto apartment shared with a third roommate, before either of them turned 25. Patrick Collison was 22. John was 20. By the time they incorporated what was then called /dev/payments in 2010,…

While the broader crypto market has shown significant weakness, STABLE has consistently held up. As the market crashed on 24th June, STABLE defended the $0.33-support and climbed to a local high of $0.365.  At the time of writing, STABLE was trading at around $0.362, up 5.5% over the past 24 hours in addition to its 7% weekly gains.  At the same time, the trading volume of the altcoin rose by 25% to $20.8 million, indicating an uptick in market participation. Why is STABLE holding up? STABLE’s daily charts underlined a strengthening bullish structure. The altcoin jumped above its 20 and 50-day…

Bitcoin’s prolonged downtrend shows no sign of easing, with the world’s largest cryptocurrency struggling to reverse its downward trajectory amid weak risk appetite and a shift in investor focus toward artificial intelligence.Extending its losses on Friday, Bitcoin fell to as low as $58,000, its lowest level in nearly 20 months, as investors grappled with elevated U.S. inflation, a broad sell-off in global technology stocks and persistent uncertainty over the near-term outlook for cryptocurrencies.Bitcoin was last trading at around $59,688, down more than 3% over the past 24 hours, with its market capitalisation slipping to approximately $1.19 trillion.The cryptocurrency is now…

The involvement of Tinley Leisure Women Investments (TLWI) in the R2.1 billion Club Med deal has drawn the ire of Chief Jiba Magwaza of the Magwaza Royal Trusts in KwaZulu-Natal. He says the transaction has failed to benefit the rural community.An audit report commissioned by the Industrial Development Corporation (IDC) confirmed that its R130 million financial support to TLWI to acquire a 14% BEE equity in the Tinley Leisure Club Med project was tabled before the board audit committee (BIC) for review.But questions on the criteria used in awarding the deal to TLWI linger. Concerned parties say the all-women grouping, led by…