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The UK government is facing growing financial challenges that will require tax increases in the autumn budget. This was reported by conglomerate Barclays in its research note. Due to recent political developments, the kingdom's fiscal position has deteriorated.

Copper and other industrial metal prices continued to drop after Donald Trump proposed a 10% tariff on goods from BRICS countries. According to Bloomberg, the US president's move has fueled uncertainty over American trade policy.

According to the Japanese government data, in May, the level of real wages in the country declined at the fastest pace in almost two years due to inflation. Its rate is still outpacing the wage growth and hindering the growth of consumption.

For the first time in six years, the Reserve Bank of Australia (RBA) is considering back-to-back interest rate cuts. As reported by Bloomberg, the central bank may begin its easing cycle amid slowing inflation and global economic uncertainty fueled by US trade policies.

ETHNews reports that the Cardano ecosystem is growing steadily, now hosting 2,005 active projects and surpassing 111 million network transactions. Developer activity has surged by 27% in the past week, while around 91 million Brave Browser users currently support Cardano integration.

Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.

Australia’s consumer spending surged in May, breaking a three-month streak of weakness. According to the Australian Bureau of Statistics, the household spending indicator gained 0.9% following a flat April and a drop by 0.1% in March.

On Thursday, the campaign period for elections for the upper chamber of parliament began in Japan. According to Bank of America, the associated risks have not yet manifested themselves in the exchange rate of the yen. However, the risks may appear after the publication of election projections.

XRP open interest surged to $4.61 billion after the likelihood of an altcoin-backed exchange-traded fund (ETF) launch skyrocketed to 87%. This spike followed the US Securities and Exchange Commission's (SEC) approval of Grayscale’s crypto ETF.

Republican Senator Cynthia Lummis has introduced a new tax bill designed to support the cryptocurrency industry. Her initiative seeks to reduce bureaucratic hurdles often faced by holders of crypto assets, such as bitcoin.