Circle defends USDC freeze policy after Drift exploit, calls for faster legal frameworks
Circle has defended its USDC freeze policy, arguing that legal constraints — not inaction — limit how quickly it can respond.
Forex
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Pound Declines as Dollar Stabilizes Amid Ongoing Geopolitical Tensions
The British pound has experienced a slip in value against the US dollar today, attributed to a stabilization of the dollar amid ongoing geopolitical tensions. Market analysts note that investors are seeking safer assets, leading to increased demand for the dollar. Concerns surrounding global political uncertainties continue to weigh heavily
Asia FX Weakens as Dollar Strengthens Amid Resurgent US-Iran Tensions
Asian currencies faced downward pressure, as the US dollar gained strength due to escalating tensions between the US and Iran. The geopolitical uncertainty has prompted investors to seek safer assets, leading to a sell-off in riskier currencies across the region. Notably, the Iranian situation has added a layer of complexity
Goldman Sachs Adjusts EUR/HUF Forecast Amid Fiscal and Inflation Concerns
Goldman Sachs has revised its forecast for the EUR/HUF exchange rate, citing increasing concerns over Hungary's fiscal policies and rising inflation. Analysts warn that ongoing economic pressures may lead to a weaker forint in the near term. The downgrade reflects a broader assessment of macroeconomic conditions, including