Stand with Crypto PAC Endorses John Deaton Against Elizabeth Warren in Senate Race

John Deaton has received the endorsement of the Stand with Crypto PAC in his challenge against Senator Elizabeth Warren, highlighting a significant divide in crypto policy approaches. While Deaton advocates for the crypto industry and criticizes regulatory overreach, Warren emphasizes national security concerns and proposes stricter regulations. The Massachusetts Senate race is emerging as a key battleground for differing views on digital asset regulation.

read more

Trump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session

Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.

read more

SEC Charges Novatech Founders and Promoters in Major Fraud Scheme

The US SEC has charged Novatech, its founders Cynthia and Eddy Petion, and several promoters with fraud, alleging the operation of a Ponzi scheme that defrauded over 200,000 investors of more than $650 million. The complaint claims that the founders misled investors about their investments in digital assets and foreign currency markets, using most funds to pay promoters and previous investors. The SEC is seeking civil penalties, asset recovery, and permanent injunctive relief, while New York Attorney General Letitia James has also filed a lawsuit on behalf of over 11,000 affected citizens.

read more

Venezuela Blocks Binance and X Amid Election Protests and Disputes

Venezuela’s government has restricted access to X (formerly Twitter), Binance, and other online services amid protests over disputed presidential election results. Users of Binance were assured their funds are secure, while local anti-censorship group VE sin Filtro reported a DNS block affecting the exchange. The restrictions follow President Maduro’s directive to ban X for 10 days, coinciding with widespread protests after his contested election victory.

read more

India’s Economic and Market Insights: July 25 News Highlights

India’s video market is projected to reach $13 billion by 2028, driven by the streaming industry. Singapore’s sovereign wealth fund GIC has the lowest share of Asia in its investment portfolio in over a decade. India added 4.47 million people to its salaried workforce from 2019-20 to 2023-24. In FY 2023, 70% of intraday trades in the cash segment incurred losses. A Saurya Airlines passenger plane crashed in Kathmandu, killing 18 people. Larsen and Toubro secured orders worth ₹70,936 crore in the first quarter of FY25, with an 8% year-on-year increase. Indian passport holders can enter 58 countries without a visa, ranking 82nd globally in the Henley Passport Index. 100 pharma companies in India failed cough syrup quality tests, and US Vice President Kamala Harris’ campaign raised $81 million in 24 hours after President Joe Biden quit the presidential race. SpiceJet plans to raise ₹3,000 crore through qualified institutional placement, and Hindustan Unilever reported ₹15,399 crore in revenue from operations in the April-June quarter. The budget allocated ₹1.28 trillion to telecom projects and public sector firms for FY 2024-25, with ₹82,916 crore going to BSNL. The railway ministry laid down 4,275 kilometers of optical fibers under the Kavach system to improve rail safety.

read more

Solana Developer Plans Mount Everest Climb After Token Stunt Mishap

Solana meme coin developer, Mikol, sustained third-degree burns while attempting to pump his TruthOrDare (DARE) token through a dangerous stunt. Despite the traumatic incident, he plans to launch a decentralized app where community members can take on dares in exchange for DARE tokens. Additionally, Mikol aims to embark on a world tour, including climbing Mount Everest, and stream these daring activities to engage with the project’s community.

read more

Investors Eye Corporate Earnings to Sustain Stock Market Rally

Wall Street is banking on strong corporate earnings to sustain the stock market rally, as interest rate cuts take a backseat. With inflation cooling and the Federal Reserve holding off on rate cuts, investors are closely eyeing upcoming earnings reports, particularly from big banks and mega-cap tech companies, to gauge the market’s trajectory. Meanwhile, Japanese yen notes sourced from Nepal and soaring demand for Chinese government bonds amid real estate market turmoil are also making headlines in the financial world.

read more