Macro
Commodity traders are increasingly turning to stablecoins as traditional banking services become unavailable amid ongoing conflicts involving Iran. Multiple trading firms have reported being "debanked" by major financial institutions, forcing them to seek alternative payment methods for international transactions. The shift affects traders dealing in oil, metals, and
Macro
Bitcoin and major cryptocurrencies experienced significant declines following reports that diplomatic negotiations between U.S. and Iranian officials failed to reach a resolution regarding escalating tensions in the region. Bitcoin dropped below key support levels, while Ethereum and other altcoins posted similar losses across major exchanges. The selloff accelerated during
Macro
SpaceX continues to maintain its substantial bitcoin holdings worth $603 million despite facing a significant $5 billion loss related to Elon Musk's artificial intelligence venture xAI. The aerospace company's commitment to its cryptocurrency position remains unchanged even as other Musk-owned enterprises face financial headwinds. The $5
Macro
Iran is reportedly considering implementing cryptocurrency-based toll payments for oil tankers transiting through the Strait of Hormuz, according to a Financial Times report cited by CoinDesk. The proposal would require vessels carrying petroleum products through the strategic waterway to pay transit fees using digital assets rather than traditional currencies. Iranian
Macro
U.S. president Donald Trump said the United States could “take out” Iran in one night amid the ongoing U.S.-Iran war. Trump made these comments in a press briefing, hours before a Tuesday 8 p.m. ET deadline tied to the Strait of Hormuz. The warning follows stalled negotiations, rising strikes, and a
Macro
US banks are facing renewed scrutiny as their increased exposure to the private credit market comes into the limelight. With investors being prevented from withdrawing from the major financial funds, analysts are drawing a parallel between the current scenario and the prelude to the Financial Crisis
Macro
Kevin Warsh will face a Senate Banking Committee nomination hearing on April 16. The hearing moves forward as traders’ expectations for Federal Reserve rate cuts drop. The process moves forward alongside a separate federal investigation tied to the central bank. Ad Ad Kevin Warsh’s Hearing Moves Ahe
Macro
As the US-Iran war enters its 36th day, global oil prices have surged past $111, with a more than 11% hike. This sudden rise in the crude oil price is driven by raising fears over the security of key maritime trade routes. Following the closure of the Strait of Hormuz, markets are now bracing for Th
Macro
US President Donald Trump said the military is "very close" to finishing its war in Iran in a speech that saw oil and Bitcoin prices move.
Macro
An IPO and valuation above $1.75 trillion would make SpaceX a top-10 public company by market capitalization, above the likes of Meta and Tesla.
Macro
US President Donald Trump nominated Kevin Warsh to lead the Fed, but the financier’s plans to lower interest rates may come up against hard economic realities and a split board.
Macro
Digital asset products saw $414 million in outflows last week as inflation fears, US Fed rate hike expectations and Middle East tensions drove a shift toward risk-off sentiment.