24/7 Blockchain industry dynamics and breaking crypto news
President Trump expressed strong anticipation for his upcoming trip to China via social media, calling the country "amazing." This statement has drawn international attention to the direction of U.S.-China relations.
Read MoreOndo Finance's Total Value Locked has surpassed $1 billion, establishing it as one of the fastest-growing tokenized asset platforms. This milestone signals accelerated institutional adoption and deeper convergence between traditional and decentralized finance.
Read MoreThe Trump administration has urgently asked a US court to pause a ruling against its 10% global tariffs, seeking time for appeal. If granted, importers could face renewed tariff burdens. The policy, enacted under the 1974 Trade Act, is set to expire in July, with its fate now hinging on legal battles.
Read MoreLatest market projections indicate a 97.7% probability the Federal Reserve will hold interest rates steady in June, with a high likelihood of continued stability in July. This signals the central bank's reluctance to cut rates soon, extending the current high-interest environment.
Read MoreFollowing a social engineering attack on its domain registrar, CoW DAO's official domain was briefly hijacked, leading some users to phishing sites and asset losses. A community governance proposal has passed, establishing a discretionary compensation fund. Affected users must submit claims by May 14.
Read MoreThe Federal Reserve's overnight reverse repurchase agreement facility recorded $1.133 billion in usage. This key liquidity metric reflects shifting short-term funding conditions, offering insights into monetary policy implementation and market liquidity dynamics amid evolving financial conditions.
Read MoreDuring Monday's New York trading session, the offshore yuan strengthened against the US dollar, closing at 6.7919, a gain of 52 basis points. The currency fluctuated within a tight range of 6.8009 to 6.7899, signaling stabilizing market sentiment amid global economic shifts and monetary policy expectations.
Read MoreBlackRock CEO Larry Fink voiced optimism about investment opportunities in Venezuela. He highlighted the country's energy resources and potential benefits from rising global AI infrastructure demand, suggesting a possible economic resurgence.
Read MorePresident Trump stated the US-Iran ceasefire remains in effect but is fragile and on "life support." The core US demand is preventing Iran from obtaining nuclear weapons, a commitment Iran has yet to make, creating significant tension.
Read MoreIran's Parliament Speaker stated that the country's "14-point plan" for ending hostilities is the only viable solution, dismissing alternatives. He warned that delays increase costs for the U.S. The plan demands U.S. troop withdrawal, lifted sanctions, unfrozen assets, and a new Strait of Hormuz mechanism, but the U.S. has expressed skepticism.
Read MorePresident Trump publicly condemned Iran's response to US proposals as "foolish," warning the fragile ceasefire is on the brink of collapse. He vowed "total victory" for the US, escalating tensions in the Middle East.
Read MoreIran's parliamentary speaker warned that the country's armed forces are fully prepared to counter any aggression, stating strategic miscalculations lead to dire consequences. The remarks signal heightened readiness amid regional tensions.
Read MoreMajor US stock indices edged higher, with the S&P 500 and Nasdaq reaching new closing records. The market rally was driven by strong gains in storage chip and optical communication stocks, with many hitting all-time highs.
Read MoreOn May 12, the US Dollar Index rose 0.06% to close at 97.955. Major currencies showed mixed performance against the dollar, with the euro dipping slightly while the pound, yen, and Swiss franc weakened. The Canadian dollar and Swedish krona gained ground.
Read MoreInvestor Michael Burry warns the Nasdaq 100 faces a sharp reversal as tech stock valuations reach unsustainable heights. He compares the current market to the dot-com bubble peak, noting chip stocks' parabolic rise and excessive P/E ratios. While cautioning investors, he advises against shorting due to timing risks.
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