24/7 Blockchain industry dynamics and breaking crypto news
On 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.
Read MoreBitcoin has decisively broken through the $82,000 resistance level, currently trading around $82,012.51. It recorded a 0.71% gain in the past 24 hours amidst significant market volatility. This article analyzes the current trend and advises investors on risk management.
Read MoreOn May 12, an Iranian official revealed significant disagreements with the U.S. in nuclear talks, focusing on disposal of highly enriched uranium, suspension timelines, and war compensation. The U.S. seeks Iran's 60% enriched uranium and opposes transfer to Russia, while Iran refuses overseas shipment, offering only dilution under IAEA supervision.
Read MoreVeteran strategist Ed Yardeni has raised his year-end target for the S&P 500 to 8250, citing robust corporate earnings. He foresees nearly 12% upside potential by late 2026, signaling enduring confidence in the market's fundamentals.
Read MoreTrump commented on the Strait of Hormuz situation, stating the U.S. could have kept it open via prior operations. He indicated readiness to reactivate such measures and potentially escalate responses if needed, highlighting ongoing strategic tensions in the region.
Read MoreOn May 12, spot silver prices surged past the key $86 per ounce level, posting a remarkable intraday gain of over 7%. This significant move highlights renewed momentum in the precious metals market, drawing close attention from investors.
Read MoreFollowing stalled negotiations with Iran, President Trump met with his national security team to discuss potential military options. Officials indicate that Iran's refusal to make meaningful concessions has revived discussions of targeted strikes against previously identified facilities.
Read MoreThe Ethereum ecosystem's primary focus remains the final delivery of the Glamsterdam upgrade, with key progress on network scaling and execution layer optimizations. Parallel advancements in expansion designs and account abstraction are also underway, moving into multi-client testing phases.
Read MorePresident Trump condemned Iran's "foolish" response to a US peace proposal, deeming it unacceptable. He warned the ceasefire is now at risk, heightening Middle East tensions after Iran formally submitted its reply via Pakistan.
Read MoreMichael Saylor highlights that STRC perpetual preferred shares surpass major hedge fund strategies in Sharpe Ratio and other risk-adjusted metrics. With zero fees, no lock-ups, and daily liquidity, this 'Digital Credit' instrument aims to optimize returns within a controlled risk framework, enhancing capital efficiency in digital assets.
Read MoreOn May 11th, Circle's stock surged over 12%, leading a broad rally among crypto-related equities on Wall Street. The movement signals growing investor confidence in the intersection of traditional finance and digital assets.
Read MoreAhead of a crucial Senate vote on crypto legislation, the American Bankers Association urgently mobilizes, demanding lawmakers tighten rules on stablecoin "interest-like rewards," warning of potential deposit flight and threats to financial stability.
Read MorePresident Trump has announced a plan to temporarily suspend the federal gasoline tax. This move aims to lower pump prices and provide immediate financial relief to American drivers amid rising living costs, signaling a direct government intervention in economic policy.
Read MoreThe U.S. Senate Banking Committee will hold a key markup vote on the Clarity Act this Thursday. Disputes over stablecoin rules and potential conflicts of interest are central, creating uncertainty for bipartisan support amid industry and intra-party disagreements.
Read More