Economy

Crypto Market
Crypto market exceeds 4000 billion for the first time

The crypto market exceeded 4000 billion dollars for the first time this week, corresponding to 38910 billion kronor. This is shown by data from Coingecko, according to Reuters.

Increased optimism and new regulations in the US at the same time as institutional capital flows in are some of the reasons behind the boom.

Hargreaves Lansdown's head of analysis Derren Nathan points to Donald Trump's new crypto law for so-called stablecoins as a clear shift in the view of the crypto industry, but that there is still a certain caution on the part of the legislator.

Coinfund CEO Chris Perkins, however, is more optimistic and believes that the law will be seen in the rearview mirror as "laying the foundation for making crypto an established asset class".

Bitcoin passed 120,000 dollars for the first time earlier this week. According to brokerage firm Berstein, the cryptocurrency can reach 200,000 dollars by the end of the year. 

Tariff crisis  Voices about tariffs
EU diplomat: Will not accept 15 percent

The mood in the negotiations between the EU and the US has "clearly shifted" in favor of retaliatory tariffs. An EU diplomat tells the FT after sources said that Donald Trump wants to see at least 15 to 20 percent tariffs in a new agreement.

- We will not settle for 15 percent, says the diplomat.

The nuclear weapons of the major powers
SEB alone among the major banks to invest in nuclear weapons

Earlier in June, SEB swung to give the green light to invest fund capital and to lend to nuclear weapons manufacturers, as long as they belong to NATO countries. This is reported by TT.

SEB's CEO Johan Torgeby tells the news agency that there has been a shift in Europe where institutions like SEB "are expected to contribute with resilience, defense capability and infrastructure".

The other major Swedish banks Swedbank or Handelsbanken have not yet followed suit.

– In this situation, we have said no to companies[…] that can manufacture parts for nuclear weapons, says Handelsbanken CEO Michael Green, who adds that the policy is reviewed on an ongoing basis. 

Swedish savings
More people pawn jewelry to afford the bills

The number of people who go to the pawn shop to leave gold and jewelry has increased by 13 percent since last year, says Sefina's regional manager Niklas Bergving to P4 Stockholm.

Women between the ages of 25 and 45 pawn the most. One reason for this is to be able to pay bills and unforeseen expenses.

– Many people have increased living costs when it's vacation time and you want to find fun things to do with your family, he says.