US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Facebook-backed Diem Association would dissolve and sell the intellectual property and other assets related to its planned cryptocurrency network to Silvergate Capital Corporation for $182 million.
The "winding down" will begin in the coming weeks.
It was back in June 2019 when Facebook unveiled its cryptocurrency project called Libra, which would be backed by an international consortium of companies.
Libra, renamed Diem last year, was meant to provide financial services to the underbanked and extend Facebook’s mission of connecting the world into the digital money market.
However, various setbacks and regulatory pressure made it impossible for Diem to get off the ground.
Regulators, lawmakers, and other financial services industry watchers have expressed concern about a cryptocurrency run by Facebook, which has struggled to prevent issues such as crime and abuses of user data on its existing platforms.
Diem's end is a sign that regulators hold some sway over Facebook and its ability to expand into new product areas.
