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A draft of the new CLARITY law has been released. This draft aims to resolve major concerns related to the cryptocurrency industry. The ethical rules remain unclear, making Democratic support uncertain. The housing bill’s surprise inclusion adds controversy ahead of…
The American Bankers Association (ABA) is pushing for major changes to the Clarity Act, claiming that the draft cryptocurrency market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced…
Americans have spent an additional $37.6 billion on gasoline and diesel since the outbreak of war with Iran on February 28. This data comes from a live tracking tool from Brown University’s Watson School of International and Public Affairs. The…
In the foreign exchange market, the price rarely moves based on data alone. Beneath the headlines about interest rate decisions and GDP results lies a more subtle and powerful driver: the collective sentiment of millions of traders simultaneously betting on…
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…
