American Bankers Association (ABA) CEO Rob Nichols sent a state of emergency on Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act,…
Bitcoin’s momentum above $80,000 is slowly building as market structure improves, according to Glassnode analysis. Bitcoin spent the past week rising from around $78,000 to as high as $82,000 twice, with buyers continuing to “absorb pullbacks even as momentum began…
Major US and European indices resisted well yesterday despite a sharp rise in oil prices after hopes for peace between the US and Iran dimmed. Regardless, the S&P 500 and Nasdaq 100 hit new record highs, while the heavyweight Dow…
Gold Candle announced that it will acquire all of the assets comprising the Pan American Silver (TSX: PAAS) Larder estate in the Abitibi region of Ontario, Canada for 15,000,000 common shares, which will result in Pan American owning approximately 6%…
In this Market Pulse report, we analyze how the market will rebalance after about 20 million barrels per day were removed from flows through the Strait of Hormuz. This adjustment is driven by supply cuts, refinery operating reductions, limited rerouting,…
OneSubsea, a joint venture (JV) formed in 2023 by SLB, Aker Solutions and Subsea7, has completed the acquisition of the offshore business of Norwegian group Envirex.. Source: SLP SLB reported on March 12 that the OneSubsea JV have entered into…
Tom Lee slowed Bitmine ETH purchases after the company amassed over 5.2 million tokens and 4.3% of Ethereum supply. summary Bitmine purchased 26,659 ETH last week, worth approximately $63 million, down from more than 100,000 ETH in each of the…
Ripple Prime, Ripple Labs’ institutional prime brokerage platform, has secured a debt facility from Neuberger Specialty Finance, a unit of Neuberger Berman. On May 11, Ripple Prime secured a $200 million debt facility — flexible access to capital over an…
Bitcoin price started a downward correction from the $82,000 area. BTC is consolidating and may aim for a new rally if it crosses $82,000. Bitcoin failed to stay above $81,500 and losses continued. The price is trading above $80,500 and…
short OpenAI has unveiled Daybreak, a cybersecurity initiative focused on AI-assisted vulnerability discovery and software defense. CEO Sam Altman said AI is becoming increasingly capable of cybersecurity and that OpenAI wants to help companies secure systems before attacks happen. The…
