Economy

Cathie Wood’s ARK Invest has capitalized on the recent crypto market downturn by purchasing a combined $43.5 million worth of shares in several crypto-related companies over the past three trading days.

The UK’s Financial Conduct Authority (FCA) has published its final crypto regulatory framework, setting an authorization deadline of February 2027 for cryptocurrency firms operating in the country.

Ether, solana, and dogecoin slid on Tuesday as a surging dollar and the prospect of over $1 billion in potential bitcoin sales by Strategy kept crypto markets under pressure.

Spot bitcoin ETFs listed in the United States are on track for their worst month on record, with investors pulling out approximately $4 billion in June alone.

The Bank for International Settlements (BIS) has issued a stark warning that excessive spending on artificial intelligence could trigger global financial consequences, as debt-fueled investments in the sector raise the risk of cascading defaults.