Kenneth Wilcox

According to recent estimates presented at New York Sugar Week, Brazil is poised to have its second-largest sugar crop on record due to favorable weather and an expanded cane area. This follows last year’s struggles caused by logjams at Brazilian ports that led to steep price increases. While India, the world’s second-largest sugar producer,…

The article discusses the controversy surrounding the EigenLayer airdrop, which has left some investors disappointed. EigenLayer, a restaking platform on Ethereum, gained $16 billion worth of cryptocurrency deposits before its official launch last month, despite having limited functionality at the time. The main incentive for depositing into the platform was points, which were intended…

According to recent developments, climate negotiations between the United States and China have resulted in agreements to phase out coal consumption and increase the deployment of renewable energy sources. These discussions, which involved high-ranking officials from both nations, covered a range of topics related to addressing climate change, including strategies to reduce methane emissions…

According to the International Monetary Fund (IMF), downside risks for Pakistan’s economy remain exceptionally high, as stated in their staff report published on May 10 before they commence negotiations for a longer-term program. An IMF delegation is set to visit Pakistan this month before the government begins its annual budget-making process for the upcoming…

In recent developments within the volatile world of cryptocurrencies, both Bitcoin (BTC) and Ether (ETH) experienced significant fluctuations in value. Initially, they both plunged before subsequently rising by as much as 11% in the previous 24 hours, with Solana’s SOL, Cardano’s ADA, and Binance Coin (BNB) experiencing similar increases. The overall cryptocurrency market cap…

According to the article, what are some examples of trends that started off as fads but eventually became integrated into our daily lives? Examples of trends that started off as fads but eventually became integrated into our daily lives include AirPods, Uber, and Airbnb. While there were initial doubts and resistance to these concepts,…

Friend.Tech, a social application built on the Base layer-2 network, has recently seen a surge in activity and financial success ahead of the upcoming release of version 2. Over $7 million flowed into Friend.Tech last week, increasing the value locked to almost $40 million, according to data. This marks a significant improvement after months…

Following two consecutive quarters of contraction, the UK economy has emerged from recession, thanks to a stronger-than-anticipated growth of 0.6% during the first quarter of 2024, as revealed by the Office for National Statistics (ONS). This development puts an end to the technically defined recession announced in February. Liz McKeown, Director of Economic Statistics…

In the latest edition of The Protocol, a CoinDesk newsletter focused on blockchain developments, we delve into the emerging trend of node sales, where blockchain projects sell nodes directly to investors in exchange for quick cash and the perceived benefit of easier decentralization. Notably, Sophon, an entertainment-focused blockchain ecosystem based on zkSync technology, recently…

The initial public offering (IPO) of Chinese electric vehicle (EV) maker Zeekr Intelligent Technology is set to debut on the New York Stock Exchange (NYSE) on Friday, marking the first significant US listing by a Chinese company since 2021. The offering indicates strong demand from investors, as Zeekr upsized its IPO, selling 21 million…