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Hong Kong firm announces $1.5 billion Bitcoin investment - Coinfea
Hong Kong company focused on real estate and logistics technology, Reiter Logtech Holdings, has announced plans to invest about $1.5 billion in Bitcoin. A filing with the U.S. Securities and Exchange Commission (SEC) under number 001-42210 shows the firm wants to use this purchase to support its growth outside Hong Kong. The Hong Kong firm
Treasury yields rise as China faces off with the US on trade agreements - Coinfea
U.S. Treasury yields rose as China pushed back against U.S. accusations of breaking a Geneva trade deal. At 5 a.m. ET, the 10-year Treasury yield was up just over 2 basis points to 4.445%. As CNBC reported, the 2-year yield moved up less than a basis point to 3.922%. Meanwhile, the 30-year yield increased by
South Korea’s exports drop in May due to US tariff uncertainty - Coinfea
South Korea’s exports dropped in May, showing the growing strain on its economy as global demands soften and uncertainty over the US tariffs imposed by United States President Donald Trump worsens. According to customs office data released on Sunday, exports declined by 1.3% compared to May last year, better than the 2.4% drop economists had
China’s industry ministry warns automobile firms about price wars - Coinfea
China’s Ministry of Industry and Information Technology (MIIT) has issued a warning to automakers involved in aggressive price wars. The ministry vowed to crack down on what it describes as “involution-style” competition threatening the country’s fast-growing electric vehicle (EV) and auto sectors. The statement comes shortly after the China Association of Automobile Manufacturers (CAAM) launched
Federal Reserve predicted to hold steady as pending slows and inflation cools - Coinfea
The Federal Reserve is expected to pause things against, holding interest rates steady as spending cools off and inflation inches closer to its 2% goal. On Friday, Commerce Department data revealed that consumer prices rose 2.1% in April compared to a year earlier, down from 2.3% in March. That puts inflation within touching distance of
S&P 500 registers 6% gain as stock markets thrive - Coinfea
The S&P 500 finished the month with a 6.2% rise, the biggest monthly rise since November 2023, according to data from the final trading session of the month. The index closed at 5,911.69 on Friday, barely moving from the day before, but investors had already banked solid gains over the month despite rising tension over
Meta and Anduril team up to develop AI-powered helmets for the US military - Coinfea
Meta Platforms and defense-technology startup Anduril Industries have announced that they will work together to develop virtual and augmented reality equipment for the United States Army, marking Meta’s most significant push so far into supplying critical hardware to the government. The partnership was announced in a joint statement, with both firms aiming to produce lightweight
Tether CEO says the firm holds over 100,000 Bitcoin & over 50 tons of gold - Coinfea
Tether CEO Paolo Ardoino has mentioned that the company holds over 100,000 BTC and about 50 tons of Gold. Ardoino told a packed audience at Bitcoin 2025 in Las Vegas, confirming its spot as one of the largest holders of both assets in the crypto industry. Per Cryptopolitan’s calculations, the Bitcoin stash is worth over
Galxe and VerifiedX Create Exclusive Quest Collaboration Series For Web3 Users With Rewards - Coinfea
The VerifiedX (VFX) Network (VerifiedX.io) and Galxe (galxe.com), have crafted an exclusive agreement VFX quest series for Galxe’s 34 million active users. This exclusive series will initiate monthly quests to help onboard over 1 million daily users through rewards and loyalty points by completing VFX SwitchBlade Wallet actions and features. Galxe users will now have
Qubic Launches On-Chain Learning Platform to Support Ecosystem Growth - Coinfea
Ile Du Port, Mahe, Seychelles, May 30, 2025 The Qubic team has launched Qubic Academy v1, a self-paced educational platform aimed at helping new users, contributors, and developers understand the mechanics behind the fast-growing decentralised protocol. Available now at https://qubic.org/academy the Academy features short lessons, interactive modules, and on-chain quiz tracking. It’s designed to give
Trump files appeal against Liberation Day court ruling - Coinfea
United States President Donald Trump has filed an appeal against a recent ruling striking down his Liberation Day tariffs. The three-judge Court of International Trade recently struck down Trump’s proposed Liberation Day tariffs, barring most of the restrictions the President imposed on its trading partner. According to Trump, the tariffs aimed to tackle what he
XBTO earns UAE license to offer digital asset custody and investment services - Coinfea
Global institutional digital asset manager XBTO has earned a Financial Services Permission (FSP) under the 3A license category from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in the UAE, allowing it to offer digital asset custody, investment, and dealing services. According to the CEO and Founder of XBTO Group Philippe
Tesla stock rises after Elon Musk’s recent update - Coinfea
Tesla stock has been on the rise, climbing as high as 6%, since the company’s CEO Elon Musk announced that he is dropping politics to focus on his companies–Tesla, xAI, and X. He announced over the weekend, before the recent SpaceX starship launch. According to a previous Washington Post report, Elon Musk will be stepping
Worldpay introduces USDC for American and European users - Coinfea
Payments app Worldpay has announced that it will allow American and European users to pay using USDC stablecoins by Circle. The application joins Stripe in handling stablecoins, expanding on the main use cases for digital assets. The payment processing company Worldpay will onboard the stablecoin USDC as one of its payment options for the US
Tesla records drop in sales slows down EV growth in Europe - Coinfea
Tesla's sales in Europe dropped by 49% last month compared to a year earlier, even as electric vehicle sales rose 27%, showing that its Model Y upgrade has yet to improve its image. ACEA data also indicates that overall car sales in Europe dropped by 0.3% year-on-year. Electric and plug-in hybrid models posted the strongest
Russia’s Economy Minister warns about the cooling rate of its economy - Coinfea
Russia's Economy Minister Maxim Reshetnikov has warned that the country’s economy may be cooling too fast, urging the central bank to cut its high interest rate. The Bank of Russia has kept its key rate at 21% since an emergency increase in October. The tight stance helped slow soaring prices but has also choked investment,
Donald Trump delays 50% tariffs decision after EU pushes for more time - Coinfea
United States President Donald Trump has said that he will grant the European Union an extension on his decision to levy a 50% tariff on them, pushing the deadline to July 9. The announcement followed a phone call with European Commission President Ursula von der Leyen, who had asked for extra time to reach an
Elon Musk’s role was one of the biggest brand destruction - Coinfea
Elon Musk’s role in driving down spending costs in the federal government has been described as one of the biggest brand destructions. According to US marketing professor Scott Galloway, Musk had alienated Tesla’s customers, one of his most important assets, by backing a president whose supporters show little interest in electric cars and the broader
Valve’s Starfish set to release a new brain chip this year - Coinfea
Valve's CEO Gabe Newell is expected to release a new brain chip this year through his startup Starfish Neuroscience. The first batch of chips is expected to arrive later this year. The company, incorporated in 2019, published its first blog post about the new brain chip, positioning itself as a new competitor to Elon Musk’s
Pakistan set to allocate 2000 MW of electricity for Bitcoin mining - Coinfea
Pakistan has announced plans to allocate 2,000 megawatts of electricity to support Bitcoin mining and artificial intelligence data centers as part of the first phase of its national plan. According to the country's Prime Minister Muhammad Aurangzeb, this is the first major step adopted by the country towards becoming a digital economy. “This allocation of
RYO Digital and GRNX Global Partner to Revolutionize Global Grain Trade with Blockchain Innovation - Coinfea
RYO Digital and GRNX Global Partner to Revolutionize Global Grain Trade with Blockchain Innovation Tokyo, May 6, 2025 – RYO Digital and GRNX Global have officially entered into a working agreement to redefine the global grain trading industry through blockchain technology. This strategic collaboration brings together RYO Digital’s next-generation digital payment ecosystem and GRNX Global’s
Elon Musk’s X suffers major outage with users locked out - Coinfea
Elon Musk’s X suffered a major outage, throwing users off the platform for a couple of minutes early on Saturday. Around 8:30 a.m. ET, users began reporting they couldn’t log in, view posts, or refresh feeds. Within fifteen minutes, over 25,000 complaints had piled up on Downdetector, a site that tracks user-submitted reports on technical