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Economic losses from June 24 Venezuela earthquakes likely exceed $10 billion, with severe damage and insurance challenges.

Market News
02 Jul 2026
GlobeNewsWire
View Source
Bearish
Economic losses from June 24 Venezuela earthquakes likely exceed $10 billion, with severe damage and insurance challenges.

On June 24, 2026, Venezuela experienced its strongest earthquake since 1900, a doublet near Yumare-Morón with magnitudes 7.2 and 7.5, causing widespread destruction especially in Caracas and nearby states. Verisk estimates economic losses to exceed $10 billion but notes high uncertainty in insured losses due to Venezuela's economic instability, low insurance penetration, and sanctions. The quake heavily damaged over 1,400 buildings and highlighted vulnerabilities in construction and the insurance market. These factors complicate loss assessments and recovery efforts moving forward.

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Eight AI chatbots predict Bitcoin will rise to $95K-$115K by end of 2026 amid ETF demand and halving cycle.

Eight AI chatbots predict Bitcoin will rise to $95K-$115K by end of 2026 amid ETF demand and halving cycle.

Eight leading AI chatbots forecast Bitcoin's price to close 2026 between $95,000 and $115,000, reflecting expected gains driven by increased ETF demand, renewed institutional purchases, and the upcoming T-500 halving milestone. Despite geopolitical t...

Market News
Bullish
4 hours ago
Crypto rebounds sharply with Bitcoin near $86k; Quant surges 170%, Bitway and NEAR also rally strongly.

Crypto rebounds sharply with Bitcoin near $86k; Quant surges 170%, Bitway and NEAR also rally strongly.

This week saw a strong crypto market rebound, with Bitcoin climbing toward $86,000 driven by nearly $1 billion inflow into spot ETFs and accelerated short liquidations. Altcoins also gained, led by Quant (QNT) with a 170% rally, Bitway (BTW) up 47%, ...

Market News
Bullish
4 hours ago
YouTube removes Bitcoin Treasuries channel citing harmful content without warning.

YouTube removes Bitcoin Treasuries channel citing harmful content without warning.

YouTube has terminated the Bitcoin Treasuries channel, which focused on Bitcoin education and corporate treasury strategies, labeling its content as harmful without prior warnings. This removal comes amid a broader crackdown on crypto content, affect...

Market News
Bearish
4 hours ago
NEAR Protocol price jumps 12.5% in 24 hours, hitting $5.55 amid strong market activity.

NEAR Protocol price jumps 12.5% in 24 hours, hitting $5.55 amid strong market activity.

NEAR Protocol (NEAR) saw a significant price increase of 12.5% over 24 hours, reaching $5.55 as of September 27. The token climbed 6.58% within just four hours, reflecting strong buying interest on Binance's spot market. NEAR ranks 21st by market cap...

Market News
Bullish
4 hours ago
Ethereum's last 'normal' fork set for 2027 as network moves toward faster, more private, and efficient design.

Ethereum's last 'normal' fork set for 2027 as network moves toward faster, more private, and efficient design.

Ethereum co-founder Vitalik Buterin announced that the upcoming Hegota fork in 2027 will likely be the network's last 'normal' fork using familiar technology. Beyond 2027, Ethereum aims to evolve into a system that relies more on cryptographic proofs...

Protocol Fundamentals
Bullish
5 hours ago
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