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Archives: Fast News

  • UK’s inflation recovery outlook still unclear as BOE governor hints at rate cuts

    The Bank of England is set to cut interest rates gradually but is closely monitoring inflation, which stands at 3.4%, above the target of 2%. Governor Andrew Bailey highlighted the importance of assessing economic data before making decisions.

    Poor economic growth and rising debt costs are complicating fiscal policy. Finance Minister Rachel Reeves stresses the necessity of maintaining a robust fiscal framework to stabilize public finances and combat inflation, facing pressures from limited tax revenues.

  • Competition heats up as crypto exchanges vie for European market

    Recent licensing of exchanges like OKX and Coinbase indicates a shift towards greater regulatory clarity in Europe. This move is expected to enhance competition and attract institutional investors looking for a stable, clear regulatory framework.

    Smaller exchanges may face difficulties complying with MiCA’s rigorous standards. The potential consolidation could favor larger exchanges that are better equipped to manage operational complexities while enhancing market trust and attracting more users.

  • Tron handles 5x more USDT than Ethereum — Retail and whales drive growth

    As of June 29, 2025, Tron processes USDT volumes at 5.29 times that of Ethereum, driven by over 1 million retail transactions and significant whale activities. Institutional interest grows, particularly with SRM Entertainment staking TRX on JustLend.

    Tron’s infrastructure supports low-cost transfers, enhancing its relevance in Asian markets. The increasing jUSDT market cap and lending activities reflect strong investor confidence and highlight its vibrant DeFi ecosystem.

  • VeChain launches 15,000,000 USD StarGate staking program following SEC crypto guidance

    On July 1, VeChain launched its StarGate staking program, introducing a bonus pool of 15,000,000 USD for the next six months to attract staking participants.

    In line with SEC guidance confirming that staking does not equate to securities offerings, the program aims to leverage NFTs to enhance institutional engagement and reward VET stakers.

  • Web giant Cloudflare bans AI bots from scraping content by default

    Cloudflare has implemented a new policy to block AI crawlers by default, enhancing content control for site owners and introducing a ‘Pay per Crawl’ marketplace for compensation. This shift is backed by major publishers seeking fairer data usage.

    OpenAI and other AI developers have expressed concerns regarding these new restrictions. The change could limit their ability to access and analyze web content efficiently, which raises significant implications in the AI sector.

  • Sui’s $120 million linear token unlock risks 15% decline as market sentiment slows

    In the last 30 days, Sui has seen a 15.5% decrease, attributed to poor market sentiment. After unlocking 44 million SUI tokens valued at 120 million USD, further selling pressure is likely, raising concerns of a decline to a support level of 2.30 USD.

    With Sui’s total supply reaching 3.45 billion and over 5.22 billion tokens yet to be unlocked, traders are cautious. The drop in Open Interest indicates waning interest, suggesting investors may not expect a sustainable price rally.

  • Malaysia’s securities regulator enhances crypto listing framework

    Malaysia’s Securities Commission has introduced a revised framework that allows Digital Asset Exchanges to autonomously list digital assets without prior approval. This significant change is set to speed up the listing process and foster growth in the local crypto market.

    The new DAX framework is projected to support a trading volume growth to RM13.9 billion (approximately 3.31 billion USD) in 2024, more than double the volume from the previous year. This reflects increasing interest from both retail and institutional investors.

    The proposed framework enhances accountability for DAX operators, requiring stringent security audits and mandates at least 90% of investors’ digital assets to be stored in offline wallets. Public feedback on these changes is being solicited until August 11, 2025.

  • The Blockchain Group confirms acquisition of 60 BTC, total holdings reach 1,788 BTC

    The Blockchain Group announced it purchased 60 BTC for approximately 5.5 million EUR (6.5 million USD), raising overall holdings to 1,788 BTC, worth about 161.3 million EUR (189.5 million USD).

    Year-to-date Bitcoin yield stands at 1,270.7%, resulting in gains of 508.3 BTC and a financial increase of approximately 46.7 million EUR (54.8 million USD).

    More public companies are strategically incorporating XRP into their treasury management, signaling a shift towards broader crypto adoption in institutional settings.

  • Bitget Wallet joins Mastercard for crypto card with zero fees

    Bitget Wallet has partnered with Mastercard and Immersve to launch a crypto card that allows spending in over 150 million stores worldwide without any fees.

    The card will first launch in the UK and Europe, with plans to expand to Latin America, Australia, and New Zealand, while not initially available in the U.S. Due to regulatory issues.

    Jamie Elkaleh from Bitget noted that 40% of users, particularly from Southeast Asia and Africa, are engaging in crypto payments, reflecting a growing trend in the adoption of cryptocurrencies.

  • Crypto kicks off rocky H2 2025 as political tension, Musk-Trump rift hammer markets

    On July 1, the total altcoin market cap fell below 1.30 trillion USD, influenced by ongoing political tensions. Ethereum, Solana, and XRP show weak price movements, failing to breach critical technical barriers, marking the lowest performance against Bitcoin in over two years.

    Political tensions escalate as Elon Musk and Donald Trump engage in a public feud over spending legislation. Their conflict adds a layer of unpredictability to the market, potentially stalling recovery efforts for major altcoins as political sentiment further complicates investor confidence.