Tag: Breaking

Global oil benchmarks continued their downward trajectory on Thursday, completely erasing the geopolitical risk premiums built up during the recent conflict in the Middle East. Brent crude futures slipped more than 1% to slide just under $71 per barrel, marking their lowest level since late February, while U.S. West Texas Intermediate crude fell toward $67 per barrel. Brent crude fell to around $70.80 per barrel, hitting its lowest...

The global artificial intelligence infrastructure buildout has triggered a major market rally for South Korea’s premier semiconductor manufacturers. Driven by an acute shortage of high-bandwidth memory (HBM) chips, both technology giants have posted massive triple-digit gains over the first half of the year, significantly impacting traditional equity indices and capturing the attention of institutional digital asset and equity macro...

The UK Financial Conduct Authority (FCA) has finalized a comprehensive regulatory framework for crypto trading platforms, custodians, stablecoin issuers, and staking entities, taking full effect on Oct. 25, 2027. The new rules ease key constraints following industry pushback, including reducing capital coefficients for stablecoin issuers from 2% to 1% to balance consumer safety with market innovation. In contrast, the U.S. Digital Asset...

Ethereum Layer-2 scaling pioneer Loopring has announced the immediate closure of its decentralized exchange (DEX) and automated market maker (AMM) services, bringing an end to the core trading platform of the first-ever zero-knowledge rollup deployed on the network.DEX and Relayer Halts: Loopring has shut down all trading activities and taken its supporting relayer offline effective immediately.Technological Obsolescence: The team cited...

Strategy has approved a BTC Monetization Program allowing the company to sell bitcoin from time to time to raise up to $1.25 billion. The proceeds will fund the company’s U.S. dollar cash reserve, preferred stock dividends, interest expenses, and potential share repurchases. The capital framework adjustment comes amid a volatile market environment that has seen MSTR shares decline nearly 50% year-to-date. Strategy, the largest corporate...