Cryptocurrency Live News & Updates : Zora Price Soars 600% After Binance Futures Listing
Zora (ZORA) surged to $0.054, marking a 600% increase since June, following its listing on Binance Futures with 50x leverage. Zora's recent price surge to $0.054, a 600% increase from its June lows, follows its listing on Binance Futures, which offers 50x leverage. This listing has significantly boosted trading volume, reaching over $230 million. Meanwhile, PayPal's PYUSD stablecoin faces challenges, losing ground to competitors like USDT, as the company prepares for its Q2 earnings report. Despite a bullish outlook for PayPal stock, the decline in PYUSD's circulation from $1.02 billion to $890 million raises concerns about its future viability. In other news, President Trump announced that trade agreements will begin on August 1, with a minimum tariff rate of 15% on the EU. Additionally, BNB and Bitcoin have shown positive movements, with BNB surpassing 820 USDT and Bitcoin exceeding 119,000 USDT, reflecting a broader trend of increasing cryptocurrency valuations. Show more
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Business Standard
33 minutes ago
- Business Standard
Trump targets Aug 1 for global trade deals as EU and China talks go on
President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, US Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug. 1 deadline. US and EU officials were still discussing steel and aluminum tariffs as well as digital services regulations following their framework announced on Sunday, Lutnick told CNBC in an interview, adding that talks with China were also "their own thing". "But for the rest of the world, we're going to have things done by Friday," he said in the interview. Asked about remaining uncertainties surrounding the US-EU agreement, Lutnick said Trump was working "to get things done now." He said pharmaceuticals were a key part of the EU deal so that medicines made in European countries home to several major drugmakers would see their products included in the 15 per cent tariff. "It was important for them to have pharmaceuticals be part of the deal at 15 per cent because President Trump is going to come out in the next two weeks with his pharmaceutical policy, and it is going to be higher," he said.
Time of India
an hour ago
- Time of India
Worcester spared education cuts as Trump releases $5.5 billion in frozen US school funding
Twenty Worcester Public School jobs have been secured following the Trump administration's decision to release $5.5 billion in previously frozen federal education funding. The school district is set to receive $3.5 million from the reinstated funds, which will support its existing budget and staffing plans. Tired of too many ads? go ad free now The funds were part of a nationwide education allocation frozen in June while the US Department of Education conducted a review to assess alignment with the Trump administration's priorities. The freeze affected public schools across the country, with Massachusetts set to receive $108 million. Worcester's share of the total was $3.5 million. Worcester receives full $3.5 million allocation after freeze reversed In a statement provided to MassLive, Worcester Public Schools confirmed that the $3.5 million in federal grant funding would be received in full. According to the statement, the funding supports 'instructional coaching, safety training and support for data analysis and technology.' Worcester Mayor Joseph Petty, who also serves as chairman of the School Committee, told MassLive that the district is no longer planning any cuts. 'They're safe,' Petty said in a phone call with MassLive. 'We're not planning on cutting.' Trump administration restores nationwide funding after pressure The Trump administration announced the release of the $5.5 billion on a Friday following pressure from several Republican lawmakers. According to The New York Times, 10 Senate Republicans signed a letter urging the administration to unfreeze the funds. Attorney General Andrea Campbell and 23 other attorneys general had previously filed a lawsuit in July against the administration, challenging the legality of the freeze. In a statement cited by MassLive, Campbell stated that although releasing the funds was the right decision, the freeze had 'caused chaos and confusion.' Tired of too many ads? go ad free now Massachusetts to receive $108 million through state education department Petty informed MassLive that Worcester's funds would be distributed via the Massachusetts Department of Elementary and Secondary Education. Governor Maura Healey also responded to the federal decision, stating that the earlier freeze had 'caused major disruptions for our schools,' as reported by MassLive. Federal funds protect 20 Worcester school positions If the funds had remained frozen, Worcester Public Schools would have faced the elimination of 20 administrative positions. With the release of the $3.5 million, those roles are now secured, according to district officials quoted by MassLive. TOI Education is on WhatsApp now. Follow us .
Time of India
an hour ago
- Time of India
Donald Trump's tariffs to hit less than expected! IMF raises global growth forecast to 3% for 2025; India, US, China see upgrades
AI image The International Monetary Fund (IMF) on Tuesday upgraded its global growth outlook for 2025, projecting a 3% expansion—up 0.2 percentage points from its April forecast—as early stockpiling ahead of US tariffs, a weaker dollar, and improved financial conditions help cushion the blow of American President Donald Trump's sweeping trade measures. Growth for 2026 was also raised marginally to 3.1%, according to the IMF's July update of the World Economic Outlook (WEO). 'This reflects stronger-than-expected front-loading in anticipation of higher tariffs; lower average effective US tariff rates than announced in April; an improvement in financial conditions, including due to a weaker US dollar; and fiscal expansion in some major jurisdictions,' the IMF said. US, China, India growth forecast raised The US economy is now expected to grow 1.9% in 2025 and 2% in 2026, bolstered in part by fiscal expansion, including the effects of Trump's tax cuts. China's forecast was revised up sharply to 4.8%, from 4% earlier, on the back of lower-than-expected US tariffs and higher public spending. India will likely retain its crown as the world's fastest-growing major economy, with projected growth of 6.4% in both 2025 and 2026, up 0.2% from the previous April estimates. Euro area growth is now seen at 1% in 2025, up from 0.8%, led by a surge in pharmaceutical exports from Ireland ahead of new US drug tariffs. Japan continues to lag with sub-1% growth expectations. Global inflation seen easing, but US could remain above target IMF expects global headline inflation to decline to 4.2% in 2025 and further to 3.6% in 2026, broadly in line with its April estimates. However, the IMF warned of diverging trends. 'The overall picture hides notable cross-country differences, with forecasts predicting inflation will remain above target in the United States and be more subdued in other large economies.' IMF flags downside risks if trade shocks worsen While the tone of the update was cautiously optimistic, the IMF flagged significant risks to the outlook. 'Risks to the outlook are tilted to the downside, as they were in the April 2025 WEO,' the report noted. 'A rebound in effective tariff rates could lead to weaker growth. Elevated uncertainty could start weighing more heavily on activity, also as deadlines for additional tariffs expire without progress on substantial, permanent agreements,' the IMF said, warning that geopolitical tensions may disrupt global supply chains and fuel commodity price spikes. Markets, central banks in spotlight The IMF cautioned that rising fiscal deficits or greater risk aversion could lift long-term interest rates and trigger financial volatility. 'Combined with fragmentation concerns, this could reignite volatility in financial markets,' it said. On the other hand, progress on the trade front could deliver upside surprises: 'Global growth could be lifted if trade negotiations lead to a predictable framework and to a decline in tariffs,' the IMF said. Calling for a coordinated global policy response, the Fund urged governments to ensure 'confidence, predictability, and sustainability by calming tensions, preserving price and financial stability, restoring fiscal buffers, and implementing much-needed structural reforms.' Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
