Oil steadied while tankers become more overt in transiting the Strait of Hormuz following an agreement between Iran and the US to end their conflict. Ellen Fraser, Partner and Energy expert at Baringa Partners, discusses the recent moves in oil as the US greenlights Iran to sell on the open market.
A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.
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Former SEC Chairman Gary Gensler says AI leaders and hyperscalers need to generate meaningful revenue and productivity gains to meet current market conditions. He spoke with Paul Sweeney and Tom Keene on Bloomberg Surveillance.
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On this episode of Stock Movers with Nathan Hager: - SpaceX (SPCX) is heading towards its fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure. - IBM (IBM) shares are climbing on news that the company and OpenAI are bringing AI to cyber defense. - AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
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For the better part of a decade, the gilded youth of the financial world — the "crypto-native" generation — dismissed gold as a "boomer rock."
To them, the heavy, yellow metal was an analog relic, a petrous souvenir of an era before the lightning-fast efficiency of the blockchain.
For decades, the Strait of Hormuz has existed in the global consciousness as a geopolitical abstraction — a narrow, jagged ribbon of blue on a map that experts warned was the "jugular vein" of the modern world.
But as the closure of the Strait enters its second month, that abstraction has curdled into a cold, suffocating reality.
For a fleeting moment last autumn, it appeared that the long-running friction between the frantic world of cryptocurrency and the buttoned-down halls of global finance had finally reached a grand synthesis.
With the debut of spot exchange-traded funds (ETFs) and Bitcoin scaling heights near $126,000, the industry’s boosters declared that "digital gold" had finally arrived as a permanent fixture of the modern portfolio.
Bitcoin has vaporised more than US$800 billion in its latest crash and sucked US$1 trillion out of the broader crypto market.
With nearly US$2 trillion in market value and rising allocations from Wall Street firms, ETFs, pension funds, and insurers, Bitcoin is increasingly woven into traditional finance.
JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
PwC reports that crypto adoption is advancing unevenly across regions despite growing institutional involvement.
Trump used his Davos speech to tout US economic dominance, promote crypto, and revive his push for Greenland.
President Donald Trump signed two executive orders on June 22 to accelerate U.S. quantum computing development and assess future encryption risks.
Aztec, a privacy-focused Ethereum (CRYPTO:ETH) layer-2 network, reached Stage 2 status on L2Beat after an on-chain governance action revoked ownership of its rollup contract.
Ethereum (CRYPTO:ETH) added a new independent research organisation after Ethlabs launched with support from ecosystem backers and five former Ethereum Foundation researchers.
Bitmine purchased 52,203 Ethereum (CRYPTO:ETH) worth about US$90 million, increasing its holdings to 4.7% of Ethereum's total supply and moving closer to its 5% ownership target.
The US Senate passed the 21st Century Road to Housing Act by an 85-5 vote, including a provision that prohibits the Federal Reserve from issuing or creating a central bank digital currency until 2030.
Grayscale Investments said Bitcoin (CRYPTO:BTC) could improve relative to equities if the Federal Reserve refrains from raising interest rates.
Toss Bank, South Korea's third-largest internet-only bank, signed a memorandum of understanding with Solana (CRYPTO:SOL) to test stablecoin-powered cross-border remittance infrastructure for its approximately 15 million customers.
Paraguay's National Power Administration (ANDE) secured a court ruling against two individuals convicted of using stolen electricity to mine Bitcoin (CRYPTO:BTC) through illegal connections to the power grid.
BlackRock and JPMorgan Chase have presented contrasting views on where investor capital may flow next, with BlackRock highlighting Bitcoin (CRYPTO:BTC) and JPMorgan pointing to artificial intelligence.
Binance announced new transfer verification requirements for Indian users, requiring additional sender and recipient information for crypto deposits and withdrawals from June 22, 2026.
