🌏📌 Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears. FTX, which offers derivatives products as well as spot trading, is one of the world’s largest digital currency exchanges. FTX has built up a war chest of funds at a time when crypto prices have sunk considerably.
📌 U.S., Russia Square Off in Rare U.N. Security Council Debate. The U.S. criticized Russia about its buildup of troops near Ukraine and sought to isolate Moscow on the international stage over the military standoff.
📌 Fed’s Policy Shift Ripples Through the Housing Market. The central bank had been the biggest buyer of mortgage bonds, but now it is stepping back and borrowing costs are rising.
📌 Russia-Ukraine Tensions Drive Global Wheat Prices Higher. The two nations account for just under a third of global wheat exports, much of which goes to the Middle East to keep bread prices affordable.
📌 Caribbean Digital Currency, DCash, Remains Offline for Second Week. Launched in March, DCash is used by seven Caribbean nations. The Eastern Caribbean Central Bank launched DCash, making it the first monetary union in the world to use a central bank digital currency, or CBDC.
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