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On May 7th, international crude oil prices experienced a sharp decline. Both WTI and Brent crude fell by over $1 in short-term trading, with intraday losses exceeding 2% and 1.6% respectively. WTI dropped to around $95.15/barrel, while Brent fell below the $99/barrel mark, indicating heightened market volatility.
Read MoreGold prices rose for a third day, supported by easing inflation fears amid hopes for a US-Iran deal. Dollar weakness and lower oil prices provided additional lift. However, gains were limited as cautious traders await the crucial US jobs report for clues on the economy and Fed policy.
Read MoreReports indicate the US and China may launch official high-level talks on artificial intelligence during their upcoming Beijing summit. While the US side may be led by the Treasury Secretary, China's representative remains unspecified. The Foreign Ministry confirmed ongoing communication but provided no further details, signaling potential coordination on AI governance between the world's top economies.
Read MoreOn May 7th, Japanese and South Korean stock markets soared. The Nikkei 225 surged over 5%, its biggest gain in over a year, hitting a record high. The KOSPI also climbed 1.43% to a new peak, highlighting strong investor confidence in Asian markets.
Read MoreOn-chain data reveals a wallet linked to a major institution deposited over 400,000 HYPE tokens worth ~$17.3M into Hyperliquid. It promptly sold a portion valued at ~$4.2M, retaining a significant holding, with its next moves drawing market-wide attention.
Read MoreThe world's first dedicated app store for humanoid robot tasks and movements is now live. This platform simplifies robot application development and usage, mirroring the smartphone app experience. It signifies a pivotal shift from basic functional robots to intelligent, customizable systems, opening new avenues for innovation.
Read MoreNEAR Protocol is integrating post-quantum cryptography to future-proof its network. Its unique account model allows users to easily upgrade to quantum-resistant keys. The initiative also aims to provide secure cross-chain solutions, positioning NEAR as a leader in next-generation blockchain security.
Read MoreBerkshire Hathaway has increased its stakes in Japan's Sumitomo Corporation and Marubeni Corporation to over 10%, a significant threshold. This strategic move highlights Warren Buffett's growing confidence in the long-term value of Japan's core trading houses and signals deeper investment intentions.
Read MoreECB Governing Council member Kochher signaled that interest rate hikes could be considered in the coming months if inflation does not show clear improvement. This marks a potential pivotal shift in the bank's policy stance towards prioritizing price stability.
Read MoreBNY Mellon, the world's largest custodian bank, is expanding its digital asset custody services to the Abu Dhabi Global Market through local partnerships. The initiative aims to build regulated infrastructure, starting with crypto custody and planning future expansion into tokenized assets.
Read MoreA top US regulator stated that lawsuits over prediction market oversight could escalate to the Supreme Court. The CFTC has challenged state-level actions, asserting federal authority over financial derivatives. Divergent court rulings may force a final constitutional review.
Read MoreEU countries and lawmakers have reached a preliminary agreement on a simplified version of the landmark AI Act, delaying some key provisions. The move aims to reduce administrative burdens on businesses and strengthen Europe's competitive edge in global tech. The Act is set to take effect in August 2024.
Read MoreOn-chain data reveals SATO's strong recent rally. The top two holding addresses, having established positions earlier, now show unrealized profits of approximately $398K and $365K respectively. After a brief downturn, the project's market cap has surged from under $3 million to $40 million, drawing significant market attention.
Read MoreOn May 7th, Japan's Nikkei 225 index made history by breaking through the 63,000 point level for the first time, surging over 6% and signaling robust market confidence and economic momentum.
Read MoreAnthropic shifts focus to enhance its Claude chatbot for everyday users, improving response to personal queries in health and travel. Mobile response time is now around one second, backed by a new computing power deal to meet rising demand.
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