British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday. The figures come despite ongoing concerns about rising living costs and uncertainty linked to the conflict involving Iran. Data from the Office for National Statistics showed that retail
Bittensor’s TAO token has dropped nearly 7% from its recent 24-hour high as investors reacted to criticism of the proposed Root Reborn governance upgrade. According to Yuma, a validator group, the proposed “Root Reborn” upgrade introduces governance, liquidity, and regulatory concerns that could outweigh its intended tokenomics benefits. https://twitter.com/YumaGroup/status/2067688837732499561 The proposal was originally introduced to
Ripple’s XRP is trading below the $1.20 mark on Friday, holding short-term support near $1.13 after an early-week rally stalled at $1.28. The rejection at higher levels has dampened market sentiment, prompting traders to reduce exposure amid growing macroeconomic uncertainty. Weak investor sentiment weighs on crypto markets Cryptocurrency markets have been under pressure following a
For more than a decade, the economics of mobile gaming followed a simple formula. Developers built games, attracted players, and then surrendered a major portion of every transaction to the platforms that controlled distribution. Apple’s App Store and Google’s Play Store became the primary gateways through which mobile games reached consumers. In exchange for access
Cardano (ADA) continued its downward trajectory on Friday, trading below $0.165 and posting losses of more than 2% in the last 24 hours. The cryptocurrency remains under pressure, as weakening derivatives activity and negative on-chain indicators suggest further downside in the near term. Bearish derivatives data reflect growing market caution Market sentiment surrounding Cardano remains
BNB (formerly Binance Coin) continued its downward trend on Friday, trading below $575 and posting losses of nearly 4% over the week. The token remains under pressure as weak institutional participation, rising short positioning, and declining futures activity reinforce a bearish short-term outlook. Technically, BNB is now approaching a key support zone near $570, with
The US Dollar strengthened further on Friday, building on its weekly gains against major currencies as investors remained cautious amid growing geopolitical uncertainty in the Middle East. With US financial markets closed for the Juneteenth holiday and limited economic data on the calendar, market participants focused on developments surrounding US-Iran relations and comments from central
Ethereum’s Ether has lost 10% of its value in the last seven days, making it the second worst performer among the top 10, behind Dogecoin. The bearish performance saw Ether drop below $3k, with technical indicators suggesting further bearish movements in the near term. Ether’s funding rates flip negative Ether has dropped below $3k after
US President Donald Trump’s plan to grant Nvidia licences to ship more powerful artificial intelligence chips to China is triggering fresh backlash in Congress, including from prominent China hawks within his own party. The move is sharpening divisions in Washington over whether tighter export controls protect national security or weaken US influence in the global
US Energy Secretary Chris Wright called on the world to more than double oil production on Thursday, while simultaneously criticising the European Union and California for what he termed a wasteful focus on inefficient green energy. While the World Economic Forum (WEF) has increasingly focused its energy discussions on advancing lower-carbon policies, a conversation in