Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
SUI beat BTC and ETH in the early hours of East Asia trading.
Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
SUI outperformed the market, rising over 16%, possibly due to Grayscale's new Sui Trust announcement.
Thailand's slumping economy is new leader Paetongtarn's focus in her first parliamentary speech
Thailand’s new Prime Minister Paetongtarn Shinawatra vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. Paetongtarn, the leader of the ruling Pheu Thai Party and daughter of former Prime Minister Thaksin Shinawatra, took office last month after a court ousted Srettha Thavisin from his post over an accusation that he had violated an ethics law by appointing a Cabinet member who had served time in prison in connection with a bribery case. Pheu Thai formed a government headed by Srettha after members of the conservative Senate refused to endorse the prime minister nominated by the progressive Move Forward Party, which won the most seats in last year’s general election.
Adam Neumann's crypto comeback company is reportedly refunding investors
In a development that will surprise few, former WeWork CEO Adam Neumann's climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. Buyers of the outfit's "Goddess Nature Token," pitched as the first step in putting carbon credits on the blockchain, have reportedly been contacted about receiving refunds over the last month, but they must first sign a confidentiality agreement and release of claims against Flowcarbon. The company told Forbes this was "well known" that it has been offering refunds, citing carbon credit market conditions for the operational delay.
Global Funds Rush Into Southeast Asia Stocks as Fed Pivot Play
(Bloomberg) -- Southeast Asian equities have cemented their position as a favorite play of money managers positioning for the Federal Reserve’s policy pivot.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Gives Transfer Students a Purpose-Built Home on CampusFour of the five be
Federal judge temporarily blocks Utah social media law aimed at protecting children
A federal judge in Utah has temporarily blocked a social media access law that leaders said was meant to protect the personal privacy of children and limit their use of such platforms, saying it is unconstitutional. U.S. District Court Judge Robert Shelby on Tuesday issued the preliminary injunction against a law that would have required social media companies to verify the ages of their users, apply privacy settings and limit some features on those accounts. The law was set to take effect on Oct. 1 but will be blocked pending the outcome of the case filed by NetChoice, a nonprofit trade association for internet companies such as Google, Meta — the parent company of Facebook and Instagram — Snap and X.
Morning Bid: Strong open eyed after US inflation see-saw
The see-saw nature of U.S. market reactions to the latest U.S. inflation figures on Wednesday highlighted investors' general skittishness right now, as they try to predict whether the Fed will cut interest rates by 25 or 50 basis points next week. Core inflation rose a hotter-than-expected 0.3% while the annual headline rate fell to 2.5%, the lowest since February 2021. The yen on Wednesday surged to its strongest level against the dollar this year after Bank of Japan board member Junko Nakagawa said the central bank will raise rates again if inflation moves in line with policymakers' forecasts.
