Following the clearance of the first Ethereum (ETH) futures exchange-traded fund (ETF), Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF. The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in
Receive free Indian politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Indian politics & policy news every morning. Welcoming Narendra Modi to Washington in June, Joe Biden said: “There’s an overwhelming respect for each other because we’re both democracies.” The joint statement issued by the US and
The American dream of homeownership has historically been symbolic of financial success. But for millennials burdened by student loan debt, it feels more elusive than ever now as student debt payments resume. While some millennials were able to cross the finish line to homeownership when mortgage rates were at record lows during the pandemic. First-time
America’s shale pioneers have vowed to keep a lid on drilling even if oil hits $100 a barrel, citing a need to maintain capital discipline and what they claim is a “war” on fossil fuels waged by the Biden administration. The price of Brent crude has surged by more than 25 per cent to $95
Receive free Renewable energy updates We’ll send you a myFT Daily Digest email rounding up the latest Renewable energy news every morning. Renewable energy stocks have sold off sharply in recent months, significantly underperforming fossil fuel companies, as higher interest rates take a toll on the sector. The S&P Global Clean Energy Index, which is
Sam Bankman-Fried will face his first day in court over a litany of charges less than a year after the calamitous collapse of cryptocurrency exchange FTX. The former CEO of the bankrupt exchange is set to face 21 days in court during his criminal trial scheduled from Oct. 4 to Nov. 9. Bankman-Fried has been
Receive free John Lewis Partnership PLC updates We’ll send you a myFT Daily Digest email rounding up the latest John Lewis Partnership PLC news every morning. Dame Sharon White will step down as chair of John Lewis and Waitrose in 2025 as part of an “orderly succession process”, just weeks after the retailer warned it
Decentralized social media platform Friend.tech based on Coinbase’s layer-2 protocol Base has touched new heights in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, Friend.tech revenue has surged to 10,663 ETH and its TVL grew to over 30,000 ETH on Oct. 2. The recent boom in
Bitcoin (BTC) starts a new week, a new month and a new quarter with a firm bullish move past $28,000. The largest cryptocurrency greets “Uptober” in style with its best weekly close since mid-August — what lies in store next? After mixed BTC price action in September, market participants were prepared for a potentially volatile
United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore after securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the firm announced on Oct. 1. The new license — coming one year after Coinbase’s initial in-principle approval in
Receive free London fights for its future updates We’ll send you a myFT Daily Digest email rounding up the latest London fights for its future news every morning. King Digital’s 2014 US stock market debut was, the Wall Street Journal wrote, a “dud”. After the shares sank 16 per cent, the paper compiled five charts
Ireland is booming, thanks to the impact of global tech. So you might expect Brendan, the managing director of a US-owned software development and IT centre in the country’s south-east, to be a happy man. Instead he is worried about recruiting and retaining staff in a country whose creaking infrastructure is not keeping pace with
It was not the upbeat start to the Conservatives’ annual conference that Rishi Sunak would have hoped for. As the grassroots gathered in Manchester on Sunday, the Tories’ favourite mayor declared that he would not bet on the party winning the general election, while future leadership contenders were accused of jostling for position. Lord Ben
Chancellor Jeremy Hunt will attempt to shift attention on Monday from an escalating Conservative conference row over high levels of tax by announcing policies intended to put the Tories on the side of “workers versus shirkers”. Hunt will seek to change the subject at a conference so far dominated by a clamour from senior Tories
Receive free Asia-Pacific economy updates We’ll send you a myFT Daily Digest email rounding up the latest Asia-Pacific economy news every morning. The World Bank has cut its forecast for China’s growth next year and warned that east Asia’s developing economies are set to expand at one of the lowest rates in five decades, as
More than $70 million in crypto shorts were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1. According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000
Receive free Conservative Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Conservative Party UK news every morning. Chancellor Jeremy Hunt will attempt to shift attention on Monday from an escalating Conservative conference row over high levels of tax by announcing policies intended to put the Tories on the
After rising about 80% in the first two quarters of 2023, Bitcoin (BTC) fell roughly 11% in the third quarter ending September. However, there is a silver lining for the bulls because they managed a positive monthly close in September, the first since 2016. Buyers will try to build upon this momentum in October, which
US president Joe Biden said America would “not walk away” from Ukraine after Congress jettisoned $6bn in aid to avert a government shutdown, even as Republicans tied further funding to the contentious issue of border security. “I want to assure our American allies, the American people and the people in Ukraine that you can count
Receive free UK defence industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK defence industry news every morning. BAE Systems, Britain’s biggest defence contractor, has won a £3.95bn contract to build a new generation of attack submarines as the UK moves ahead with the trilateral Aukus security pact. The
Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. What does the current inflationary upsurge tell us about prospects for inflation in the long run? My focus here will be on the UK. But the broad lesson may be relevant elsewhere: it