24/7 Blockchain industry dynamics and breaking crypto news
A U.S. appeals court has temporarily stayed a lower court's decision against Trump-era 10% global tariffs. The move reinstates tariffs for select importers, pending further review. This legal battle highlights ongoing disputes over U.S. trade authority and policy stability.
Read MoreRecent financial reports reveal a sharp drop in eToro's Q1 crypto revenue and transaction volume, mirroring an industry-wide cooldown as major platforms face declining activity and financial pressures.
Read MoreJPMorgan launches its second Ethereum-based tokenized money market fund, JLTXX. It invests in US Treasuries to meet stablecoin reserve requirements under the GENIUS Act, signaling deeper blockchain adoption by traditional finance.
Read MoreDespite a weak Q1 report, Benchmark reaffirmed its 'Buy' rating on Coinbase and raised the price target to $270, betting on its transition from a cyclical exchange to a core infrastructure provider for the on-chain economy.
Read MoreMarket data indicates a 97.1% probability the Fed will hold rates steady in June, with a 96% chance in July, signaling strong expectations for continued policy stability and low near-term rate cut odds.
Read MoreRecent market data indicates the offshore Chinese yuan (CNH) demonstrated resilience, posting a modest gain against the US dollar. Trading remained within a tight range, reflecting cautious sentiment amidst multiple economic factors. Analysts are closely watching macroeconomic indicators and global monetary policies for future direction.
Read MoreAnthropic is in early talks to raise a staggering $300 billion in new funding at a valuation exceeding $900 billion, according to sources. This potential mega-round would mark an unprecedented capital infusion, highlighting massive investor confidence in advanced AI.
Read MoreIraq and Pakistan have entered separate energy transit agreements with Iran, facilitating oil and LNG shipments through the Gulf. The deals secure passage for supertankers and LNG carriers, marking a significant development in regional energy logistics without direct transit payments.
Read MoreIran's Foreign Ministry spokesperson stated that ending regional conflicts and lifting the blockade of the Strait of Hormuz are prerequisites for any talks with the U.S. The spokesperson accused Washington of seeking Iran's surrender rather than genuine dialogue, emphasizing that naval blockades violate international law, further complicating bilateral relations.
Read MoreU.S. markets showed mixed performance on May 13th, with the Nasdaq declining notably due to a broad sell-off in the semiconductor sector. The Philadelphia Semiconductor Index plunged sharply intraday, led by significant drops in major chipmakers, highlighting renewed investor concerns.
Read MoreInstitutional capital is shifting toward privacy-focused blockchain infrastructure to support regulated stablecoins and tokenized assets. Three major networks have secured over $10B in funding, signaling a move beyond public chain trade-offs toward systems balancing performance, compliance, and data protection.
Read MoreIranian media reports outline five key conditions set by Tehran for renewed talks with the U.S., covering regional conflicts, sanctions relief, asset access, war reparations, and maritime sovereignty. Sources indicate talks cannot advance without addressing these issues.
Read MoreRussia's economy grew by 10% over the past three years, according to the Economic Development Minister. The stabilizing situation may allow the central bank to ease monetary policy, signaling resilience amid external challenges.
Read MoreFederal Reserve official Austan Goolsbee analyzed the latest CPI report, indicating persistent inflation concerns and limited positive signals. He emphasized the critical role of central bank independence in achieving inflation targets, warning that current pressures extend beyond temporary factors like oil or tariffs.
Read MoreData from Tuesday, May 13th, shows the Federal Reserve's overnight reverse repo facility usage fell to just $1.199 billion. This sharp decline hints at evolving conditions in short-term funding markets and potential shifts in banking system liquidity, warranting close observation.
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