Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
India Manufacturing Growth Accelerates in May Despite Rising Costs 
Gold Prices Hold Steady as Fed Rate Hike Expectations Offset Middle East Tensions 
Asian Currencies Hold Steady as U.S. Dollar Gains on Inflation and Middle East Concerns 
Oil Prices Rebound Above $92 as Israel-Hezbollah Conflict Fuels Middle East Supply Concerns 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
China Manufacturing PMI Beats Forecasts as Export and Domestic Demand Stay Strong 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Asian Stocks Climb as AI Optimism Boosts Tech Shares; South Korea Leads Gains 
Moneygram International Inc. has invested in leading US cryptocurrency cash exchange Coinme that gives it an approximate 4% ownership stake.
The strategic minority investment by Moneygram will support Coinme’s international expansion plans and other growth initiatives.
The partnership with Coinme allows Moneygram to let customers buy and sell bitcoin at 12,000 locations.
Alex Holmes, Moneygram chairman and CEO, said they are bullish on the vast opportunities in cryptocurrency and their ability to connect digital assets to local fiat currency.
Holmes added that their unique cash-to-bitcoin offering with Coinme opened their business to an entirely new customer segment.
Coinme, founded in 2014, operates in 48 US states with plans to soon expand internationally.
Coinme has partnered with Coinstar, an automated service for turning their fiat coins into paper cash, to enable bitcoin purchase at over 21,000 Coinstar kiosks.
Meanwhile, Moneygram served nearly 150 million people globally over the last five years.
Moneygram and Coinme share a “vision to expand access to digital assets and cryptocurrencies” and “to create a crypto-to-cash model by building a bridge to connect bitcoin to local fiat currency.”
