Business
Bitcoin’s $60K Floor Faces 8-Hour Test as Hormuz Conflict Squeezes Global Markets
Bitcoin is facing a critical 7.5-hour countdown to hold its $60,000 support floor. A sudden collapse in the US-Iran ceasefire and fresh Hormuz blockades are sending shockwaves through global markets.
Business
Strategy Adds $100M in Bitcoin as Strait of Hormuz Conflict Sinks Prices
Strategy just bought another 1,587 Bitcoin for $100 million, bringing its total treasury to 846,842 BTC even as Middle East tensions sink prices toward $62,000.
Business
Ripple CTO: SEC Targeted XRP Token Itself, Not Just Sales
Ripple CTO David Schwartz clarified that the SEC explicitly targeted the XRP token itself as a security in its initial $1.3 billion lawsuit, disputing claims that regulators only focused on sales.
Business
UMC Launches Silicon Photonics Mass Production in Singapore as Citi Upgrades Q2 Forecast
UMC shares dipped 1.6% in Taiwan on Tuesday despite the chipmaker successfully delivering its first mass-produced silicon photonics wafers from its 12-inch Singapore facility.
Business
Powerball Reaches $498 Million as Taxes Slice Cash Value to $139.2 Million
The Powerball jackpot has hit $498 million, but the IRS will take a significant cut. A single winner taking the $221 million lump sum will walk away with approximately $139.2 million after a 37% federal tax rate.
Business
U.S. Strategic Oil Reserves Hit 43-Year Low Amid Trump’s Hormuz Blockade
U.S. crude stockpiles just hit their lowest level since April 1983 as the administration drains 172 million barrels to offset the Hormuz naval blockade. Brent crude immediately jumped 9.59%.
