... provisions have come into effect, applicable across the European Union, which introduce transparent requirements for crypto assets and licensing for companies. This opens up new opportunities for legally operating crypto businesses in the European market. In Asia, several countries, including Hong Kong and Singapore, are competing for the status of regional crypto hub by introducing special regulatory regimes to attract blockchain companies. The global trend is that governments are seeking to integrate cryptocurrencies ...

... the largest biotechs—will show pharmaceutical business dynamics, while the Arista Networks report will provide insights into demand for networking infrastructure equipment. Commentary: On Tuesday, global service sector PMI indices—spanning from Asia to Europe and the U.S.—will take center stage, shaping the outlook for the global economy heading into the latter half of the year. Investors will also receive important external trade data from the U.S., particularly relevant given new trade barriers....

... to the International Energy Agency (IEA), global coal consumption in 2025 is expected to remain close to record levels and may even set a new high. Global production is expected to be around ~9.2 billion tons, primarily due to increased coal use in Asia. In countries like India and several Southeast Asian nations, coal-fired electricity generation continues to grow to meet the rising demand. The largest consumer of coal—China—is likely to maintain its burning levels at that of last year or slightly ...

... stablecoins—including USDC—resulting in an increased share for USD Coin. However, Tether managed to maintain its lead. Market tensions in the autumn of 2022 (the bankruptcy of FTX) and in 2023 played into the hands of the older USDT: investors, especially in Asia, continued to trust USDT, while USDC faced temporary difficulties accessing banking reserves in March 2023. Following the collapse of several American banks, Circle announced the freezing of part of its reserves (at Silicon Valley Bank), leading ...

... rubles. Similarly negligible (less than 1% of revenue) are other goods, works, and services, where revenue dropped to ~9 billion rubles. Thus, Gazprom's revenue structure is increasingly shifting towards the core gas business in the domestic market and Asia. The growth in ruble revenue is primarily driven by the gas segment, compensating for declines in some other areas. This reflects the company's adaptation to new realities: gas exports to distant regions have quantitatively decreased, but the currency ...