The US federal government is projected to run a budget deficit of around $2 trillion in fiscal year 2026, according to estimates from the Treasury Department and bond market participants. This figure surpasses the previous $1.8 trillion deficit from last year and is one of the largest in US history outside of major recessions, trailing only the COVID-19 pandemic years. Rising costs from entitlement programs like Social Security and Medicare, along with increasing interest expenses on the national debt, are driving the deficit higher. Experts warn that this unsustainable borrowing trend raises the risk of a fiscal crisis and urge urgent deficit reduction measures. Additionally, the US national debt recently surpassed the size of the economy for the first time since World War II, highlighting growing fiscal challenges ahead.
Following the KelpDAO exploit, several protocols including KelpDAO itself migrated to Chainlink's CCIP on LayerZero's network, driving the highest-ever daily active addresses to 80.43K, surpassing the previous 67K record. This surge increased protoco...
The Procure Space ETF (UFO) has been trading since 2019, but recently three new space-focused ETFs—NASA, MARS, and ORBX—have entered the market. UFO has gained nearly 50% year-to-date and holds about $900 million in assets. NASA has quickly amassed $...
BTS Group AB reported a return to profitable growth in Q1 2026, with net sales of MSEK 602 and a 5% increase in EBITA to MSEK 62, improving the EBITA margin to 10.3%. The North American unit led growth and profit improvement, driven by demand from AI...
Ferrari has started accepting cryptocurrency payments, including Bitcoin, Ethereum, USDC, and XRP, at its US and European dealerships through a partnership with BitPay. This system instantly converts crypto payments into local fiat currency, protecti...
Bitcoin ETFs experienced $70.4 million in outflows and Ethereum ETFs lost $28.1 million in a consecutive retreat, totaling $98.5 million leaving US-listed crypto funds in a single day. This marks at least the second straight session of net negative f...
