Federal Reserve Chair Jerome Powell could face legal scrutiny after a criminal referral by U.S. Representative Anna Paulina Luna. The Florida congresswoman has alleged that Powell testified falsely about the renovation of the Eccles Building of the Federal Reserve at a high cost. In a letter to the Justice Department, Luna claimed Powell testified falsely […] Source: cryptopolitan.com (Read Full Article)
“Ethereum Leads Record-Breaking $4.39B Crypto Inflows, Altcoin Season On the Horizon”
Ethereum saw a significant influx of $2.12 billion in one week, setting a new record and contributing to total digital asset investment product inflows reaching $4.39 billion, surpassing previous records. Ethereum's impressive performance was part of a broader trend in the crypto market, with altcoins like Solana, XRP, and Sui also attracting notable investments. Bitcoin attracted $2.2 billion in inflows, with ETP trading volumes accounting for a significant portion of activity. However, multi-asset products experienced outflows. The data suggests a growing investor interest in assets beyond Bitcoin, as Ethereum’s market share increased. The US led in crypto inflows during the week, followed by Switzerland, Australia, and Hong Kong, while Brazil, Sweden, and Germany saw outflows. The rise in altcoin investments indicates a possible shift in market dynamics, with expectations of an upcoming altcoin season. [Original Post] Generated by DMK News Bot
Germany’s Chancellor Friedrich Merz criticizes EU proposal to mandate electric-only fleet purchases by 2030
German Chancellor Friedrich Merz has criticized a draft European Union plan that would force rental car companies and large corporations to switch their entire vehicle fleets to electric models by 2030, calling the proposal out of touch with economic and practical realities across the bloc. “The proposals announced over the weekend regarding rental car fleets […] Source: cryptopolitan.com (Read Full Article)