Finance

Topline Former Trump defense attorney Alina Habba, a Trump ally who drew controversy during her tenure for charging Democratic politicians over their clashes with federal immigration agents, was removed as U.S. attorney in New Jersey on Tuesday before her replacement, Desiree Leigh Grace, was promptly fired by the Justice Department in protest against Habba’s firing.

Topline Deputy Attorney General Todd Blanche announced Tuesday he intends to meet with Jeffrey Epstein associate Ghislaine Maxwell in the “coming days” about any information she has regarding Epstein’s other associates, as the Justice Department and Attorney General Pam Bondi continue to face scrutiny from the right for their decision not to release further Epstein

Topline President Donald Trump on Tuesday said “it’s time” for the Justice Department “to go after people” and accused former President Barack Obama of treason, among a series of moves widely viewed as efforts to distract from the Epstein backlash. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand …

Polymarket is considering launching a stablecoin or striking a revenue-sharing agreement with Circle. The move could help Polymarket capture yield from USDC/USDT reserves locked on the platform. U.S. legislation has recently made stablecoin issuance more viable for firms. Cryptocurrency prediction market Polymarket is exploring two strategic options to capture stablecoin yield generated by user activity on its platform: creating its own stablecoin or entering a revenue-sharing agreement with Circle, the company behind USDC. The move is designed to secure the yield that currently flows to stablecoin providers from reserves held on Polymarket’s platform. Although no firm decision has been made, the company sees value in redirecting revenue back into its ecosystem, particularly as all trades on Polymarket currently use USDC via the Polygon network. A source close to the company noted that Polymarket’s closed-loop design means it could roll out a native stablecoin with minimal infrastructure, mainly by allowing users to convert USDC or USDT into the new coin. Related: Trump’s Crypto Push May Lock In US Dollar Supremacy, Says Treasury Chief New Framework Encourages Issuance The timing aligns with recent passage of US legislation that makes issuing a stablecoin more attractive to both crypto-native and traditional firms. However, launching a stablecoin remains operationally challenging, even as Circle continues to negotiate competitive revenue-sharing deals to maintain its edge. Polymarket is also pursuing a U.S. comeback via the planned acquisition of QCEX, a CFTC-regulated exchange, in a US$112 million (AU$170.8 million) deal. The acquisition marks a turning point after previous legal issues with U.S. regulators over unauthorised access by domestic users. The platform has processed over US$14 billion (AU$21.4 billion) in trades since its inception, including US$2.5 billion (AU$3.81 billion) in November 2024 following Trump’s re-election. In May 2025 alone, the platform recorded over US$1 billion (AU$1.53 billion) in trading volume and was visited by nearly 16 million users. These figures underscore the economic incentive to introduce a native asset that retains yield internally rather than allowing it to accrue to external stablecoin issuers. Related: BoE’s Andrew Bailey Hits the Brakes on Bank-Issued Stablecoins, Bets on Tokenised Deposits Read More

Ethereum has climbed 160% since April, with demand now far exceeding new supply. Spot ETH ETPs and public firms have bought 2.83M ETH since mid-May, worth over AU$15B. The ETH/BTC ratio jumped from 0.018 to 0.031, reflecting ETH’s strong relative performance. Ethereum has jumped more than 65% in the past month and 160% since April, driven by a growing gap between supply and demand. According to Bitwise CIO Matt Hougan, Ethereum’s current trajectory mirrors Bitcoin’s earlier post-ETP surge, where demand outpaced supply by a wide margin. Institutional investors and corporate buyers have absorbed over 2.83 million ETH, worth more than US$10 billion (AU$15.25 billion), since mid-May. That figure is 32 times greater than the 88,000 ETH minted during the same time frame. Spot Ethereum exchange-traded products alone accounted for more than US$5 billion (AU$7.63 billion) of this buying pressure. Corporations have also contributed significantly to the surge in ETH demand. Bitmine Immersion Technologies holds 300,657 ETH (AU$1.72 billion), while SharpLink Gaming owns 280,706 ETH (AU$1.62 billion), with plans to raise an additional US$6 billion to acquire more. Bit Digital, meanwhile, sold off its Bitcoin reserves to purchase more than 100,000 ETH worth (AU$572 million). Related Bitwise CIO: Circle’s Blockbuster IPO Underscores Need for Dual Crypto Strategy Institutions Poised to Keep Buying ETH Bitwise estimates that these entities could acquire up to 5.33 million ETH, worth around US$20 billion (AU$30.5 billion), within a year, while only 800,000 ETH is expected to be issued in the same timeframe. That would mark a 7:1 ratio of demand to new supply. Ethereum’s ETH/BTC ratio has climbed from 0.018 in mid-May to 0.031, reflecting its outperformance against Bitcoin. As ETH treasury companies are valued more highly than the ETH they hold, attracting further investment. In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply. As a result, I think we’re heading higher. Matt Hougan, CIO of Bitwise Related: Ethereum Rakes in a Record‑Shattering $2.12B Weekly Inflows Amid Massive Global Crypto Flows Read More

Bad gateway Error code 502 Visit cloudflare.com for more information. 2025-07-23 13:13:04 UTC You Browser Working Mumbai Cloudflare Working martech.org Host Error What happened? The web server reported a bad gateway error. What can I do? Please try again in a few minutes. Cloudflare Ray ID: 963b6ed61ac03aab • Your IP: 2a02:4780:11:1771:0:16cf:4b40:1 • Performance & security

Please enable JS and disable any ad blocker

Dubai-based e-hailing service Hala has recorded growth in trips and users during the first half of 2025, alongside fleet expansion and sustainability initiatives. The joint venture between the Roads and Transport Authority (RTA) and Careem reported a 12 per cent increase in taxi trips in Dubai during peak months, with active users rising by 10

The Emirates Group has launched a talent acquisition programme targeting 17,300 new employees this financial year across 350 roles spanning Emirates Airline and dnata operations. The recruitment drive covers positions throughout the aviation group’s operations, including cabin crew, pilots, engineers, commercial and sales teams, customer service, ground handling, catering, IT, HR and finance departments. dnata

Asian countries continue to lead global mobility, with Singapore holding its position as the world’s most powerful passport, while the United States and United Kingdom experience long-term declines, according to the 2025 Henley Passport Index released Tuesday. Singapore passport holders can travel visa-free or with visa on arrival to 193 destinations worldwide, the highest number