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Bitcoin Crashes Below $60,000 as Sell-Off Deepens, June 06
Bitcoin crashes below $60,000 to lowest level since October 2024. Worst week since FTX collapse. ETF outflows and major holder sales drive sell-off.
Railway Board Blocks Free MMTS Travel in Telangana, June 06
Railway Board rejects Telangana’s free MMTS proposal due to Rs 162 crore annual losses and Rs 490 crore unpaid dues.
Air Canada Launches Toronto-Shanghai Route, Stock Holds at C$21.41
Air Canada’s Toronto-Shanghai nonstop route launches June 3, 2026, with four weekly A321XLR flights covering 16 hours.
HSBC Stock Falls 3.1% as Hong Kong Shares Weaken, June 06
HSBC stock fell 3.1% to HK$141.80. The bank offers 10% deposit rates, with Meyka rating it B+ and targeting HK$169.38 in 12 months.
Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
American Express Falls 0.6% as Credit Stress Concerns Weigh, June 06
AXP stock fell 0.6% to $310.66 as Q1 delinquency rates hit 13.1%, offsetting strong earnings beat and revenue growth.
Japan Health Insurance Law Overhauls Pregnancy Support, June 06
Japan’s Health Insurance Law reform eliminates standard childbirth costs and adjusts OTC drug coverage, reshaping patient and state risk-sharing.
Asahikawa Teen Murder Trial: Defendant Denies Killing Despite Apology, June 06
Uchida Riko apologizes but denies murder in Asahikawa teen death trial. Prosecutors argue bridge actions constitute murder; verdict pending.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.