UMA token holders decided Strategy’s late-May bitcoin sale should apply to June’s contract, costing May bettors despite the transaction occurring before month-end. Polymarket resolved a dispute over Strategy’s bitcoin sale by ruling the May 31 contract as "No" and the June
Here is what you need to know on Thursday, June 4: The US Dollar (USD) gathered strength against its rivals midweek, supported by the upbeat macroeconomic data releases from the United States and a lack of progress in the United States (US) - Iran negotiations. On Thursday
Euro area economic activity weakened in May The composite PMI fell to 48.5 from 48.8 in April. Services PMI remained a drag, at 47.7. France saw its services PMI fall to 44.3, the lowest in recent months.
May's slight uptick in Germany’s construction sector signals ongoing contraction but at a marginally slower pace. Germany’s construction Purchasing Managers’ Index climbed to 42.4 in May from a prior 42.1, remaining below the 50 threshold that separates contraction from ex
Universal Music buys 14.16M shares from Pershing Square Universal Music Group repurchased 14.16M ordinary shares from Pershing Square funds. The shares were acquired at €17.66 each for a total consideration of approximately €250M. This move is part of Persh
Analysts warn GBP/USD may test 1.3405 and risk breaking below 1.3390 amid weakening momentum. GBP/USD has reversed lower after failing to hold above 1.3470, shifting short-term momentum to the downside. The pair now faces potential support tests at 1.3405, with a break bel
BNY analysis highlights that real rate dynamics and weak Eurozone demand are offsetting aggressive ECB policy expectations for EUR/USD. The Euro remains under pressure despite aggressive European Central Bank rate hike pricing, as real rate headwinds and growth concerns li
The ride-hailing firm deepens its autonomous vehicle push with a near-$500 million commitment to deploy thousands of robotaxis. Uber has agreed to invest nearly $500 million in self-driving startup Nuro, aiming to deploy 35,000 autonomous taxis. The deal underscores Uber’s
Persistent US-Iran standoff and closed Strait of Hormuz sustain elevated oil prices, pressuring the INR and supporting USD strength. The Indian rupee extended losses as escalating US-Iran tensions and a prolonged closure of the Strait of Hormuz kept oil prices elevated. Th
U.S. spot Bitcoin ETFs report $1 billion in net withdrawals this week, extending a 13-day outflow streak and weighing on prices. Bitcoin recovered to $64,225 after briefly falling below $62K amid persistent selling pressure from U.S. spot Bitcoin ETFs. Net outflows reached