Month: July 2025

Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines

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Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to cryptocurrency. The Monetary Authority of Singapore (MAS) announced that Credit Suisse’s local unit, now part of UBS, faced the biggest … Read more

Google faces EU antitrust complaint over AI Overviews

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A group known as the Independent Publishers Alliance has filed an antitrust complaint with the European Commission over Google’s AI Overviews, according to Reuters. The complaint accuses Google of “misusing web content for Google’s AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers in the … Read more

U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets

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U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets. Since the early April slide, Wall Street’s tech-heavy Nasdaq index has surged 31%, while the broader S&P 500 index has rallied 24%, according to … Read more

Drake Compares Fake Friends to Bitcoin’s Volatility: ‘Down This Week, Up Next’

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Drake’s latest track, “What Did I Miss,” features lyrics about betrayal, luxury, and bitcoin. The rapper compares fickle friends to the cryptocurrency’s rollercoaster price moves, saying he looked at it “like a BTC”: “Could be down this week, then I’m up next week.” It’s not the first time bitcoin has appeared in Drake’s orbit. In … Read more

FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership

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FLOKI FLOKI traded near $0.00007417 on July 5, up 1.32% over the past 24 hours, according to CoinDesk Research’s technical analysis model. As for the broader memecoin sector as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period. Although FLOKI is often categorized as a meme coin, its ecosystem has … Read more

WIF Holds Key Support as Whales Accumulate Over 39M Tokens

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Dogwifhat (WIF) continues to draw attention amid volatile market conditions, with the token consolidating around $0.8319 after dipping 1.17% over the past 24 hours, according to CoinDesk Research’s technical analysis model. As for the greater memecoin section as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period. Price action formed … Read more

U.S. Recession Odds on Polymarket Plunge to 22% as Trade Tensions Cool

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Bets on a U.S. recession in 2025 have dropped sharply, with odds on crypto prediction platform Polymarket sinking to 22% this week, the lowest level since late February. Recession fears ballooned earlier this year when the Atlanta Federal Reserve’s GDPNow indicator predicted a 1.5% contraction for the first quarter of the year, while the actual … Read more

Ex-ECB Official Urges Europe to Back Euro Stablecoins or Risk Losing Financial Power

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Stablecoins are growing fast. Most of the $255 billion sector is currently concentrated in U.S. dollar-backed tokens, which account for $241 billion of that total, according to RWA.xyz data. Former European Central Bank board member and chair of Société Générale, Lorenzo Bini Smaghi, has said that the imbalance could sideline Europe in the next phase … Read more