Fears of Contagion Darken the Crypto Sector Outlook

(Bloomberg) — The crypto industry braced for more contagion from the fall of Sam Bankman-Fried’s FTX empire. The US and The Bahamas are talking about bringing him to America for questioning, people familiar with the matter said. Most Read from Bloomberg Bankman-Fried took to Twitter on Wednesday, telling his followers that “there was too much … Read more

Euro drops and German debt rallies as weak survey data darken outlook

The euro weakened on Friday and German government debt rallied, after worse than expected business activity surveys weighed on a market outlook darkened by the resignation of Italy’s prime minister. The common currency fell 0.7 per cent against the US dollar to just under $1.02, despite the European Central Bank on Thursday implementing its first … Read more