Author: Luis Acosta

Azoria Partners has delayed the launch of its Tesla-focused ETF following Tesla CEO Elon Musk’s declaration that he is forming a new U.S. political party. The ETF, which aimed to invest in Tesla shares and options, was scheduled for launch next week. However, the sudden political move by Musk triggered internal concerns at Azoria. Azoria CEO James Fishback posted several critical comments about Musk’s new “America Party” and reaffirmed his support for former President Donald Trump. Fishback Urges Board to Seek Clarity Fishback stated, “I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and…

Turkey’s Capital Markets Board has escalated its regulatory push by blocking 46 websites allegedly offering unauthorized crypto asset services. In an announcement on Thursday, the financial watchdog cited violations of the Capital Markets Law, targeting platforms including PancakeSwap and Cryptoradar. The decision reflects Turkey’s increased scrutiny of digital asset services not formally registered or authorized in the country. PancakeSwap Among Blocked Sites PancakeSwap, a prominent decentralized exchange, reported more than $325 billion in trading volume in June alone. Despite its global significance, Turkish authorities have not specified how the site violated local rules. Other nations such as Kazakhstan, Venezuela, and…

After a year in office, UK Chancellor Rachel Reeves is under pressure as a faltering economy and bond market turbulence increase the likelihood of new tax hikes. Wednesday saw the biggest drop in UK government bond prices since the financial crisis sparked by Liz Truss’s 2022 budget, following Reeves’ emotional remarks in Parliament. Simultaneously, Labour faced internal rebellion over welfare reforms, leading to a partial retreat on proposed cuts. These events have raised concerns about Labour’s control over spending and fiscal policy. Analysts Say Major Tax Rises Likely Economists believe Reeves may need to raise tens of billions in new…

Bitcoin (BTC) may be headed for a sharp rally toward $116,000 before the end of July, according to crypto market strategist Markus Thielen of 10x Research. In a recent analysis, Thielen highlighted three macroeconomic forces that are aligning to support Bitcoin’s next potential breakout. Bitcoin Tests Key Resistance Amid ETF Inflows “Bitcoin is testing the top of its consolidation range, just as a perfect storm of macro catalysts begins to build,” said Thielen. He pointed to strong inflows into spot Bitcoin ETFs as a critical driver of recent price strength. Despite recording its first net outflow in 15 days this…

Bitcoin has maintained a narrow trading range since Wednesday, marking six straight days of price movements within 3%, signaling a rare phase of low volatility in the market. Traders are now weighing whether external economic forces, particularly a weakening U.S. dollar and emerging inflation pressures, could spark a breakout past the $110,000 level. U.S. Dollar Weakness May Not Be Enough While some analysts point to a potential inverse relationship between the U.S. dollar and Bitcoin prices, history suggests the connection is not always consistent. From August 2024 to April 2025, Bitcoin showed strength even as the U.S. Dollar Index (DXY)…

Polymarket has become the latest crypto startup to reach unicorn status after a new funding round valued the company at around $1 billion. Led by Founders Fund, the round reflects growing institutional confidence in prediction market platforms. On the heels of Polymarket’s announcement, rival Kalshi revealed a $185 million raise at a $2 billion valuation, indicating rising momentum in the event-driven crypto space. Trading Volumes Soar Despite US Restrictions Despite being restricted in the U.S. due to regulatory barriers, Polymarket has seen a significant rise in user activity. The platform has now processed more than $14 billion in lifetime trading…

Foreign exchange vendors are under increasing pressure to adapt to rising institutional expectations or risk fading into obsolescence, according to Citi’s fifth annual FX Vendor Review. The report, based on client feedback and vendor performance assessments, reveals that while overall satisfaction is high, the demand for innovation in execution tools, integration, and regulatory compliance is intensifying. Clients Demand Better Integration and Smarter Execution Citi’s latest findings highlight a pivotal shift in the foreign exchange vendor landscape. Despite a 90% satisfaction rate among clients, 85% of respondents emphasized that vendors need to improve, particularly in workflow integration and execution capabilities. The…

Runes Protocol is an emerging concept in the world of decentralized finance (DeFi) and blockchain technology. It focuses on providing a framework that allows users to create and utilize tokens, particularly in a Bitcoin-based ecosystem. The innovation of Runes Protocol lies in its potential to bring smart contract-like functionality to Bitcoin, allowing for more diverse use cases within the Bitcoin network, which has traditionally been more rigid compared to Ethereum or other smart contract platforms. Origins of Runes Protocol The concept of Runes Protocol is deeply rooted in the quest to expand Bitcoin’s utility beyond just being a store of…

More than $18 billion worth of cryptocurrency has moved to a new platform type offering rewards for locking up tokens. This scheme, known as “re-staking,” poses significant risks to users and the broader crypto market, analysts warn. Re-staking’s rising popularity reflects the increasing risk appetite in crypto markets as prices surge and traders seek higher yields. Bitcoin, the leading cryptocurrency, is approaching all-time highs, while ether, the second largest, has gained over 60% this year. Seattle-based startup EigenLayer is at the forefront of the re-staking trend. The company, backed by a $100 million investment from Andreessen Horowitz’s crypto arm in…

OKX, a global cryptocurrency exchange platform, has announced the launch of its services in the Netherlands. Dutch customers can now access spot trading, enabling them to buy and sell cryptocurrencies and convert over 150 digital assets, including more than 60 crypto-Euro pairs. Additionally, the OKX Wallet is now available to Dutch customers, offering them a gateway to the Web3 world and full custody of their crypto assets. Integration with iDEAL, the Netherlands’ online payment system, allows customers to withdraw and deposit Euro funds to their OKX accounts instantly and free of charge. Moreover, deposits and withdrawals via the Single Euro…