Decentralized lending protocol Morpho has secured $175 million in new funding, highlighting persistent demand for DeFi infrastructure despite a series of recent setbacks for the sector. The platform, which allows anyone to create isolated lending markets, billed the raise
UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes. What to know: - The U.K.'s Financial Conduct Authority (FCA) proposed a
April 2026 CPI rose to 3.8%, the highest since May 2023, driven by a 17.9% jump in energy costs amid geopolitical tensions. U.S. headline Consumer Price Index climbed to 3.8% in April 2026, its highest level since May 2023, as energy prices surged 17.9% year over year. The
The Clarity Act, a major cryptocurrency regulation bill, faces criticism for potential loopholes enabling financial crimes and conflicts of interest. The U.S. Senate is moving forward with the Clarity Act, touted as the most significant cryptocurrency legislation globally.
Oil prices fall to a three-month low on easing supply concerns, breaking key technical levels and shifting momentum to sellers. West Texas Intermediate crude oil slid $3.50 to $87.70, its lowest level since May 29, as traders unwound geopolitical risk premiums. The decline
The Digital Asset Market Clarity Act advances but fails to address key loopholes exploited by North Korean hackers to launder stolen crypto. The U.S. Senate’s Digital Asset Market Clarity Act, which passed the Banking Committee on May 14, aims to regulate the fast-growing
Deal marks GSK’s largest acquisition this year, adding late-stage lung cancer therapies under FDA priority review. GSK will acquire clinical-stage biopharma company Nuvalent for $10.6 billion in cash, its second-largest takeover of 2026. The deal includes two late-stage ty
Designer Brands Inc (NYSE:DBI) shares tumbled more than 21% on Tuesday after the footwear retailer delivered a first-quarter earnings beat but kept its full-year outlook unchanged, a move investors interpreted as a warning of rougher conditions ahead. The company posted ad
SpaceX is days away from one of the most anticipated initial public offerings in stock market history. The company is expected to price on June 11 and begin trading on June 12 at a valuation of approximately $1.75 trillion, which would make it the most valuable IPO ever co
European Commission issues interim measures requiring Meta to grant rivals free access to WhatsApp amid antitrust probe. The European Commission ordered Meta to allow rival AI chatbots free access to WhatsApp, marking its first interim antitrust measure in 17 years. The de
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