The news of an $85 million shortfall between what partner banks of Synapse are holding and what depositors are owed has sent shockwaves throughout the fintech sector. Customers who trusted fintech firms that utilized Synapse to connect with banks are now facing the harsh reality that their balances may not be as secure as they
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The Food and Drug Administration has recently extended its approval of GSK’s respiratory syncytial virus vaccine to include adults between the ages of 50 to 59 who are at higher risk of contracting severe illness from the virus. This vaccine, called Arexvy, is the first of its kind to be authorized by the FDA for
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Bitcoin bears could be facing trouble as a recent analysis shows that open interest on the shorts’ side is slowly increasing, aligning with the spot buying volume. This situation often leads to short squeezes, potentially pushing the price of Bitcoin towards $100,000. One key indicator to watch is the Spot Cumulative Volume Delta (CVD). This
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In a groundbreaking announcement, Memeland, a prominent Web3-focused venture studio, has introduced MemeDay as a new tradition aimed at celebrating community unity within the Web3 space. This inaugural celebration, scheduled for June 9th, is set to blend the vibrant culture of memes with the principles of Web3 technology, creating a unique and festive experience for
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President Vladimir Putin recently outlined his vision for Russia’s economic future at the St Petersburg International Economic Forum. He emphasized the need to reduce imports, increase the use of non-Western currencies in trade settlements, and expand the country’s domestic financial markets. Putin highlighted the significant growth in trade with Asia and the shift towards using
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In early European trade, the U.S. dollar remained relatively stable, hovering around the same levels as the previous day. This was despite the anticipation of key U.S. employment data being released later in the day. The Dollar Index, which tracks the dollar against a basket of other currencies, showed no significant movement at 104.060. This
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