The Daily

United States President Donald Trump has started his Middle East tour, arriving in Riyadh, Saudi Arabia, just after 10am, where he was greeted by Crown Prince Mohammed bin Salman (MBS).

During his three-day trip, he will also travel to Qatar and the United Arab Emirates (UAE), with a focus on securing economic agreements with three of the world’s wealthiest nations.

 » Read more about: Trump in the Middle East: How much are US-Gulf investments worth?  »

Sky News Business Reporter Ingrid Willinge says tech stocks were “certainly the standout” on the market today with energy and miners also jumping with a relief rally.

“Almost a textbook risk on market and that’s thanks to of course the deal or pause in the trade war between China and the US …

 » Read more about: Tech stocks the clear ‘standout’ in Tuesday’s market performance  »

AAVE continues to dominate decentralized lending and borrowing with its protocol deployed across Ethereum, Avalanche, Polygon, and several Layer-2 solutions. Its open-source architecture allows any user to lend or borrow digital assets in a trustless environment—enabling capital efficiency and eliminating the need for intermediaries.

In recent developments, AAVE launched GHO, its native overcollateralized stablecoin.

 » Read more about: Looking for the Best Cryptos to Invest In? These 4 Projects Have Real Utility and Momentum  »

 » Read more about: Taxpayers' Union voices disapproval with the Government's plan to invest into Elevate fund  »

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 » Read more about: Authum Invest Standalone March 2025 Net Sales at Rs 1,442.07 crore, up 62.76% Y-o-Y  »

TAIPEI, Taiwan (AP) — China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders at an event Tuesday in Beijing.

China’s leaders have positioned the world’s second-largest economy as a reliable trade and development partner,

 » Read more about: China presents a united front with Latin America, aiming to counter Trump’s trade war  »

The N.C. House recently passed a bill to allow the state treasurer to invest a portion of state pension funds in cryptocurrency and other digital assets.

First-term Rep. Mike Schietzelt, R-Wake, made the case for the bill on the House floor, amid concerns from state employees and others who worry that Bitcoin and other cryptocurrencies are too risky.

 » Read more about: Q&A: Rep. Mike Schietzelt on cryptocurrency bill, school choice and proposed abortion restrictions  »

Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $103,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 73 (Greed) out of 100,

 » Read more about: Cryptocurrency Price Today (May 13): Bitcoin Dips Below $103k, XRP Becomes Top Gainer  »

German authorities have shuttered the eXch crypto exchange, which has been accused of enabling cybercriminals to launder proceeds anonymously.

Cryptocurrency exchanges are online platforms where people and companies can buy, sell, or trade cryptocurrencies.

Legitimate uses for crypto exchanges might include investment trading or peer-to-peer transfers. However, cybercriminals often exploit these platforms to anonymously launder money from illegal activities that often consist of ransomware attacks and other online frauds.

 » Read more about: German Authorities Shut Down ‘eXch’ Cryptocurrency Exchange  »

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures slip despite Wall Street cheering for US-China trade truce  »