Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Rising Airfares May Challenge Cruise Industry Growth Ahead of 2027 Booking Season 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
How did sport become so popular? The ancient history of a modern obsession 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
Australia’s major sports codes are considered not-for-profits – is it time for them to pay up? 
India Manufacturing Growth Accelerates in May Despite Rising Costs 
UAW Calls Strike at Michigan Axle Plant Supplying GM Pickup Trucks 
The Premier League is considering is about partnering with a cryptocurrency platform to sell NFTs, in a “slow and cautious” move into the sports NFT space.
According to the Premier League, several of its clubs already have their own sponsorship deals with crypto platforms, which provide a much-needed revenue stream to recover some of the 1.4 billion that the clubs lost last year, the biggest collective loss in league history.
A new study by Deloitte projects Sports NFTs to generate over $2 billion in transactions in 2022 with roughly 5 million sports fans purchasing or receiving NFTs.
The NFTs’ meteoric rise led to a number of major deals and investment rounds in sports this year.
In September, New York Mets owner Steve Cohen’s venture fund Digital led a $50 million Series A funding round for Recur, an NFT platform now valued at $333 million.
Meanwhile, the NFL and NBA Top Shot creator Dapper Labs announced an NFT marketplace.
In October, Fanatics-owned NFT platform Candy Digital completed a $100 million Series A round to push the company’s value to $1.5 billion.
