Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance
Crypto
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Merck lowers profit outlook, partly due to $200 million expected tariff hit
Merck said the expected tariff charge primarily reflects levies between the U.S. and China, but does not account for Trump's planned pharmaceutical tariffs.
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PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending
PepsiCo cut its forecast for its core constant currency earnings per share, citing new tariffs. ​Read More
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Shares of Gucci-owner Kering drop after first-quarter sales slump
Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.
Crypto
Revolut doubles profits to $1.3B on user growth, crypto trading boom
Fintech giant Revolut reported a record-breaking year, doubling its pre-tax profit to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid
Crypto
DeFi platform KiloEx to compensate users impacted by $7.5M hack
Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform
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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
Norway's sovereign wealth fund on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. ​Read
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British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149%
Crypto
BlackRock Bitcoin fund wins best new ETF on $643M inflow day
BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan.
Crypto
What is quantitative easing, and how does it work?
Quantitative easing (QE), explained Quantitative easing (QE) is a non-traditional monetary policy tool used by central banks, particularly when interest rates are already