Net-A-Porter is the latest LuxExperience unit to announce its revamped leadership team following its recent acquisition by the luxury company that was formerly known only for its Mytheresa operation but is now a multi-brand group. Tom Ford for Net-A-Porter Now the owner of the Yoox Net-A-Porter portfolio of webstores as well as Mytheresa, it has…
Key takeaway: Bitcoin (BTC) reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. From a technical…
US President Donald Trump released a prerecorded message for attendees of Coinbase’s State of Crypto Summit as Congress considers legislation to regulate payment stablecoins and establish a digital asset market structure framework. In his second message directly addressing a crypto conference since becoming president in January, Trump said he was “not done” implementing crypto policies…
Translated by Nazia BIBI KEENOO Published June 12, 2025 Women’s fashion retailer Jennyfer has reached the final chapter in its restructuring process. Under court-ordered liquidation since April 30, the brand permanently closed its 130 company-owned stores and 53 franchises on Thursday, June 12. On the same day, the Bobigny Commercial Court ruled on the takeover…
Opinion by: Kin Wai Lau, CEO of ZKcandy Many people still don’t see the point of using blockchain in games. It’s a powerful tool that drives ownership and trading but is not vital for most gameplay types. The rise of AI shifts the equation. Blockchain isn’t just a bonus feature for games enhanced with artificial…
Translated by Nazia BIBI KEENOO Published June 12, 2025 H&M is expanding its presence in Parisian department stores with ‘Adorables,’ its premium line for babies and children launched in 2024. After testing this high-end distribution channel in London with a pop-up at Selfridges last fall, the Swedish brand has opened a permanent corner at the…
Tether, the issuer of the world’s largest stablecoin by market capitalization, continues its buying spree with its 32% stake acquisition in Canada’s public gold royalty firm Elemental Altus Royalties. Tether Investments on Thursday announced the acquisition of 78,421,780 common shares of Elemental (ELE) from La Mancha Investments, representing 31.9% of Elemental’s issued and outstanding shares….
Crypto is getting more normal, from the number of people who use it to the type of people who use it, according to a new report. While Bitcoin (BTC) and crypto news have concentrated on politics and institutions as of late, showing governmental policy becoming more accepting and traditional finance avenues like ETFs being the…
Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a “first-of-its-kind” crosschain delivery versus payment (DvP) settlement between a permissioned payment network and a public testnet. The test involved Kinexys Digital Payments, a permissioned network operated by JPMorgan and Ondo Chain’s testnet, which is focused on real-world asset (RWA) tokenization, Chainlink said in a Thursday announcement. The…
Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin treasury reserve as more companies adopt the cryptocurrency for strategic purposes. Mercurity plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve framework…
