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A federal judge ruled that customers can sue Binance in court over unregistered token sales, rejecting the exchange’s arbitration request. The judge found Binance failed to adequately notify users about changes to its terms of use requiring arbitration and waiving class-action rights. The ruling allows customers who lost money on seven tokens to pursue their claims.
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Block is cutting over 4,000 jobs, nearly half its staff. This move signals how artificial intelligence is changing businesses. CEO Jack Dorsey stated that a smaller team using AI tools can achieve more. Investors are rewarding companies showing AI-driven cost savings. Block expects restructuring charges of up to $500 million.
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China’s central bank is intervening to slow the yuan’s rapid climb. The People’s Bank of China is removing foreign exchange risk reserve requirements for certain forward contracts. This move encourages dollar buying and cools the currency’s surge. The yuan had reached a near three-year high against the US dollar. This policy adjustment signals policymakers’ concern over the pace of appreciation.
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Shriram Finance shows a strong bullish setup with a breakout near all-time highs and improving momentum indicators. Analysts suggest a Bull Call Spread strategy to capitalise on further upside. The trend remains positive above key support levels, with RSI indicating room for gains without entering overbought territory.
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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend.
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