Arizona Passes Law to Claim Abandoned Cryptocurrencies
On May 7, 2025, Arizona Governor Katie Hobbs signed a new law allowing the state government to claim ownership of cryptocurrencies that have been abandoned for more than three years. This legislation, part of House Bill 2749, sets the foundation...
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Germany’s Trade Surplus Rises to €21.1 Billion
In March 2025, Germany’s trade surplus hit €21.1 billion, the highest since December 2024. This figure surpassed market expectations (€19.1 billion) and the revised February surplus (€18 billion), indicating strong export performance combined with a drop in imports. Key Details...
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Federal Reserve Keeps Interest Rates Steady in May 2025
In its May 2025 meeting, the Federal Reserve held the federal funds rate steady at 4.25% – 4.50%, marking the third consecutive meeting with no change. This decision aligns with market expectations and reflects the central bank’s cautious approach amidst...
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Bitwise Submits First Spot NEAR ETF Application to the SEC
On May 6, 2025, Bitwise Asset Management made a historic move in the cryptocurrency market by submitting the first-ever Spot ETF application for NEAR Protocol to the U.S. Securities and Exchange Commission (SEC). This major step marks a turning point...
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FTSE 100 Halts Growth Streak After 16 Consecutive Sessions
The FTSE 100 index in London experienced a slight decline during Wednesday’s trading session, ending its impressive 16-day growth streak. This pause was primarily driven by sharp drops in the value of major pharmaceutical stocks AstraZeneca and GSK. Key Market...
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