The market cap of cryptocurrencies has surpassed $4 trillion for the first time, driven by a surge in altcoins and the US Congress's passage of a law to regulate stablecoins, according to Bloomberg. The agency reports that the options market indicates traders anticipate an even higher rise in the cryptocurrency's value in the weeks ahead. Fadi Abualfa, the research leader at the crypto brokerage...

Woodside Energy from Australia has established a memorandum of understanding with Korean firms Hyundai Engineering and Hyundai Glovis to collaborate on LNG project development, along with engineering services and transportation logistics. A joint press release states that the involved parties will concentrate on increasing their presence in key LNG markets.  “The synergy of Woodside’s...

The count of firms submitting applications to be listed in Hong Kong reached a record peak in the year's first half. The Hong Kong Stock Exchange (HKEX) reported that 208 issuers sought primary or secondary listings from January to June, surpassing the former record of 189 companies during the same timeframe in 2021. Among them, 75 were submitted in June, setting a record for a single...

According to Bloomberg's estimates, the combined total of initial public offerings in London for January to June 2025 was less than 200 million pounds ($274 million), marking the lowest level since 1997. The biggest IPO in this timeframe was by the professional services firm MHA Plc., which secured 98 million pounds.   Cobalt Holdings Plc. has scrapped what was set to be the largest IPO in...

The report from Saudi Arabia's sovereign wealth fund (Public Investment Fund, PIF) indicates a 60% decrease in its net profit for 2024. PIF's net profit was 25.8 billion Saudi riyals ($6.9 billion) last year, compared to 64.4 billion riyals the previous year.  The reduction in the indicator was driven by elevated interest rates, inflation, and write-offs in project costs, primarily...

Israel's stock exchange reached an all-time peak amid the nation's war with Iran, as investors speculate that Israel will come out of the conflict more secure, Bloomberg states. The blue-chip TA-35 index has increased by 6.8% since Israel launched its initial attacks on Iran on June 13, reaching its highest point following the U.S. bombing of nuclear facilities on Sunday.  The TA-35 and...

The Financial Times reports, based on its analysis of crypto wallets, that transactions totaling approximately $9.3 billion occurred with a ruble-linked cryptocurrency named A7A5 over a span of four months. A7A5 is a stablecoin linked to the ruble at 1:1 ratio, launched in Kyrgyzstan in February 2025. The newspaper, referencing analysts, reports that this token is supposedly designed for...

The Conference Board reported that the consumer confidence index in the US declined to 93 points in June, as calculated by the research organization. The updated figures show that the indicator value was 98.4 points in May, rather than the previously stated 98 points.  According to Trading Economics, experts anticipated that the index would increase to 100 points from the previously...

Global liquefied natural gas supply chains produce approximately 350 million tons of carbon dioxide equivalent annually, comparable to the yearly emissions of Italy; however, these emissions could be reduced by 60% for $100 billion, according to Bloomberg, referencing a report from the International Energy Agency (IEA). Simultaneously, merely decreasing methane leaks could lower yearly emissions...