Bitcoin fell sharply to around $58,000 on May 28, dropping nearly 50% from its late-2025 peak above $126,000, triggered by a 3.8% year-over-year rise in the US Personal Consumption Expenditures (PCE) inflation index—the highest since May 2023. This inflation surge caused a major selloff in risk assets, including $600 million in crypto liquidations within an hour, driven by leveraged long positions failing to hold. Rising inflation, fueled by higher energy prices amid geopolitical tensions, is pushing expectations that the Federal Reserve will keep interest rates high longer, increasing the cost of holding non-yielding assets like Bitcoin. Investors should watch upcoming inflation data closely, as persistent inflation may delay rate cuts and prolong pressure on crypto markets.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
