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MELBOURNE: Engl­a­nd and Wales Cricket Board (ECB) chief executive Richard Gould said they would not support a proposed global Twenty20 league bankrolled by Saudi Arabia as there was not enough room in the calendar for it. A Sydney Morning Herald report on Saturday said the event would be backed by the sports arm of Saudi Arabia’s sovereign wealth fund and feature eight teams playing in four different locations. “With the busy international calendar, a host of established franchise leagues around the world, and existing concerns about player workloads, there is no scope or demand for such an idea,” Gould told…

Washington CNN  —  Late last year, it seemed like the Federal Reserve had pulled off the unlikely — tamping down the highest inflation in four decades without triggering a recession, an outcome known as a “soft landing.” Now, two months into President Donald Trump’s second term, that historic win could be reversed as a global trade war looms. Since Trump took office in January, his administration has overhauled trade policy, slashed the federal workforce, clamped down on immigration and reconfigured America’s relationship with its allies — structural changes that have put American consumers, businesses and investors on edge. During that…

A crypto whale who opened more than 300 heavily leveraged short positions on Bitcoin, amounting to $521 million, closed these trades on Tuesday, taking home a total profit of $3.9 million. The trade, which was completed on the Hyperliquid decentralized perpetuals exchange, met resistance from traders who tried to pump Bitcoin above the whale’s $83,898 short entry. Short trades make money when an asset’s price drops, but when using 40x leverage, a 2% move to the upside of Bitcoin at $85,591 would have liquidated the position. In response, the pseudonymous trader Cbb0fe rallied a group to put $10 million into…

MANCHESTER: The average annual salary for a female professional football player globally is $10,900, says FIFA’s annual report on the women’s ga­­­me, a figure skewed by a small number of top clubs. Among the teams FIFA designated as Tier 1, which includes 41 clubs from 16 countries, the average salary was around $24,030, although 16 of those top clubs paid an average gross salary of over $50,000, according to the “Setting the Pace, FIFA Benchmarking Report on Women’s Football” released on Monday. The highest of those salaries was approximately $120,000. The average gross salary, however, at Tier 2 and 3…

You should make your investment decisions on your own, without directly worrying too much about the actions of other investors. But sometimes, certain gargantuan investors, or groups of them, can bring so much capital to bear that their behavior is worth understanding in detail — especially when they’re accumulating relatively volatile assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). There’s one particular and relatively new pattern of behavior among a group of major investors that’s important to know about. It might not push the prices of these coins up indefinitely, but it’s already having an effect. Bitcoin and Ethereum…

Getty Shares of JX Advanced Metals, a Japanese semiconductor materials supplier to foundries including TSMC and Intel, jumped in its trading debut on Wednesday, boasting a market cap of ¥811 billion ($5.4 billion). The stock rose 6.6% on the first day of trading on the Tokyo stock exchange’s prime market. The IPO was priced at ¥820 ($5.54) apiece at the top end of its marketed range. JX Advanced Metals was spun off from Japanese oil giant Eneos Holdings, which raised ¥438.6 billion ($2.96 billion) from the IPO by selling a 57.6% stake in the company; Eneos retains a 42.4% stake.…

LAHORE: The Pakistan Cricket Board (PCB) has sent a reminder to the International Cricket Council (ICC) seeking a response to its concerns over the exclusion of its representative from the post-match ceremony of the ICC Champions Trophy final. The PCB had earlier lodged a formal protest against the ICC’s failure to include its Chief Operating Officer Sumair Ahmed Syed—who also served as the tournament director—in the presentation ceremony following the final between India and New Zealand at the Dubai International Cricket Stadium on Sunday. Despite Syed’s presence at the venue in his official capacity, he was not included among the…

Dogecoin (DOGE) has been struggling to keep pace, and in the last 30 days, the memecoin has depreciated 38.43%. On-chain data from Santiment reveals that wallets with a balance of at least 1 million DOGE have increased by 1.24% since the start of February. This accumulation trend suggests that these major investors regard DOGE as underpriced and might be preparing for an upcoming surge. Historically, these accumulation phases have come ahead of price recoveries to the upside. At the same time, on-chain data also points out that active addresses for Dogecoin have spiked to above 150,000 per day, the highest…

Cryptocurrency market maker Keyrock is launching a new entity in the U.S. and opening an office in New York, the company said in a press release on Tuesday. Robert Valdes-Rodriguez, Keyrock’s chief commercial officer, will lead the development of the New York business, the company said. Valdes-Rodriguez has more than 25 years of experience in senior management roles at traditional finance institutions, including ABN AMRO, Scotiabank and Credit Agricole. Improving regulatory clarity in the U.S. under President Donald Trump’s new administration is expected to lead to a boom in digital assets. The Securities and Exchange Commission (SEC) has formed a…

According to a Reuters report dated March 18, industry insiders are allegedly saying that crypto firms see this as an opportunity to gain regulatory legitimacy and broaden their markets. Though such applications have historically taken regulatory bodies a long time to approve, legal experts have seen a recent uptick in interest. “We have seen a lot more interest. We are working on several applications now,” said Alexandra Steinberg Barrage, a partner at the law firm Troutman Pepper Locke, as quoted by Reuters. However, with the administration appointing new banking regulators, Locke said, many firms are feeling cautiously optimistic, even as…