Author: CryptoPress

The CL-USDC perpetual contract tracking WTI crude oil surpassed $1.2 billion in 24-hour trading volume on Hyperliquid. The surge made oil the second-most traded asset on the platform, trailing only Bitcoin and overtaking Ethereum. Extreme volatility in traditional energy markets, driven by the Strait of Hormuz closure, fueled the demand for 24/7 leveraged commodity trading. The decentralized exchange Hyperliquid witnessed an unprecedented...

Block CEO Jack Dorsey confirmed the company will support stablecoins, marking a pivot from its historically Bitcoin-only product strategy. The decision is primarily motivated by customer demand for fiat-pegged assets as the stablecoin market capitalization hits $318 billion. The shift follows a massive corporate restructuring where Block cut its workforce by 40% to transition into an AI-first organization. Jack Dorsey, the outspoken...

Brent crude futures hit $90 per barrel on Friday, marking a two-year high as the conflict between the U.S., Israel, and Iran enters its seventh day. Qatar’s Energy Minister warns of $150 oil if regional production remains disrupted, a scenario that could heighten global inflationary pressures. Bitcoin mining profitability faces a double-edged sword as energy costs rise, while some investors eye digital assets as a potential hedge against...