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The three major U.S. stock indexes closed higher. The Nasdaq Composite Index rose 1.22% from the previous session on the 17th to 22,374.18 points. The Dow Jones Index gained 0.83% to 46,946.41 points, and the S&P 500 Index added 1.05% to finish at 6,702.18 points.
The U.S. Securities and Exchange Commission (SEC) is reportedly reviewing a plan to eliminate companies’ quarterly reporting requirement. According to The Wall Street Journal (WSJ) on the 16th (local time), the SEC is preparing a proposal to scrap the obligation for listed companies to file quarterly financial reports. Currently, U.S.-listed companies must submit reports each quarter containing financial performance and key management information. The SEC is said to be considering criticism that this requirement pushes companies to focus on short-term results rather than long-term strategy. However, it has not yet been determined whether the proposal will lead to an actual rule change.
An analysis says investor funds are moving from Bitcoin to Ethereum as Ethereum (ETH) posts stronger gains than Bitcoin (BTC). According to CoinDesk, a specialized media outlet for digital assets (cryptocurrencies), on the 16th (local time), Joel Kruger, an analyst at fintech firm LMAX Group, said Ethereum’s recent relative strength suggests the potential for a rotation of funds. He explained, "Ethereum’s rally could be linked to network development and expectations for rising valuations across digital assets beyond Bitcoin." Adam Saville Brown, head of sales at Tesseract Group, said, "Ethereum has broken above $2,200 after several weeks of underperformance," adding that "a rotation into Ethereum may be a signal that investors’ risk appetite is expanding." He cautioned, however, that "the rally could react sensitively to macroeconomic indicators," and added that "if the Fed maintains a cautious stance on inflation, the altcoin upswing could fade faster than Bitcoin’s."
U.S. President Donald Trump said striking oil facilities on Iran’s Kharg Island, a key hub for the country’s crude exports, remains an option. According to Walter Bloomberg on the 16th (local time), Trump said the U.S. in earlier attacks hit only military facilities on the island and avoided energy infrastructure, but is not ruling out the possibility of targeting oil facilities depending on how the situation develops. He warned in particular that the U.S. response could change if Iran disrupts shipping through the Strait of Hormuz. Kharg Island is known as a critical export hub handling about 90% of Iran’s crude exports. With much of the export volume headed to China, analysts say an attack on the facilities could push up global oil prices and intensify inflationary pressures. Trump also said the U.S. military destroyed Iranian vessels laying mines to secure shipping lanes in the Strait of Hormuz. The strait is a strategic maritime corridor through which about 20% of the world’s energy supply passes.
Witnesses reported hearing an explosion near the U.S. Embassy in Baghdad, the Iraqi capital. According to Walter Bloomberg on the 16th (local time), a local witness said an explosion was heard near the U.S. Embassy in Baghdad, followed by sirens. The cause of the blast and the extent of damage have not yet been confirmed. The incident occurred amid heightened tensions in the Middle East, drawing attention to further developments.
Bitcoin (BTC) has briefly recovered the $74,000 level. As of 03:09 on the 17th, BTC is trading at $74,300 on Binance’s Tether (USDT) market, up 3.49% from the previous day.
Binance, the global crypto exchange, has categorically denied allegations that it violated Iran-related sanctions and dismissed an internal investigator. On the 16th (local time), Richard Teng, co-CEO of Binance, said on X (formerly Twitter) that reports claiming an internal employee who investigated Iran-linked transactions was fired are not true. "No employee has been terminated for raising compliance issues," he said, adding that "Binance has not violated U.S. or international sanctions rules." Regarding Iran-related transactions, he explained that there were three unverified intermediary wallets between a Binance wallet and the ultimate receiving wallet, and that after an internal review the firm blocked the relevant accounts and reported the matter to law enforcement. He added, "There was no instance of funds flowing directly from a Binance wallet to a sanctioned party or an Iran-linked entity." Binance has previously said it would pursue legal action, including filing a defamation lawsuit against The Wall Street Journal (WSJ), which published the report.
The three major U.S. stock indexes are trading higher. The Nasdaq Composite was up 1.26% from the previous session at 22,383.01 points as of 02:59 on the 17th. The Dow Jones Industrial Average was up 0.82% at 46,940.45 points, while the S&P 500 was gaining 1.02% to 6,699.51.
The U.S. Secret Service (USSS) will join a joint operation with UK and Canadian law enforcement agencies to eradicate crypto (cryptocurrency) fraud. According to crypto-focused media outlet Decrypt on the 16th (local time), the U.S. Secret Service plans to pursue “Operation Atlantic.” The operation targets crypto investment scams known as “pig butchering,” a scheme in which perpetrators build trust over an extended period before presenting fake investment opportunities to steal victims’ funds. The three agencies plan to track related criminal networks through international cooperation and step up enforcement.
U.S. President Donald Trump said Israel has no possibility of using nuclear weapons in connection with the conflict with Iran. According to Walter Bloomberg on the 16th (local time), President Trump said, "Israel wouldn't use nuclear weapon." The remarks are interpreted as aimed at dismissing concerns about the possible use of nuclear weapons as the military confrontation in the Middle East escalates. Israel has maintained a policy of not officially confirming whether it possesses nuclear weapons, and has long regarded Iran's nuclear program as a major security threat.
Discussions in the US Congress on taxation of virtual assets (cryptocurrencies) have been postponed again due to worsening weather. According to Eleanor Terrett, host of Crypto in America, on the 16th (local time), a roundtable scheduled in the US Congress on crypto taxation was postponed. The delay was prompted by disruptions to flight operations amid severe storms and tornado warnings. Two lawmakers hosting the meeting were reportedly unable to attend due to flight delays, making a schedule adjustment unavoidable. The roundtable had been set to hold key discussions related to cryptocurrency tax policy.
The Gulf Cooperation Council (GCC)’s Regional Emergency Plan Committee for refined oil products convened an emergency meeting to respond to developments in the region. On the 16th (local time), Walter Bloomberg, citing Saudi state television, reported that the committee held the emergency meeting to discuss the refined oil product supply situation following recent changes in regional conditions. The meeting’s main agenda focused on response measures to maintain continuity of refined product supplies. The move is interpreted as an effort to check energy supply-chain stability amid sustained military tensions in the Middle East.
U.S. President Donald Trump urged the Federal Reserve (Fed) to hold an emergency meeting to deliver an immediate interest-rate cut. On the 16th (local time), according to Walter Bloomberg, President Trump argued that the Fed should not wait for its regular meeting, but instead convene a special meeting and cut rates immediately. He said that, given the current economic situation, the monetary policy response is being delayed. Recently, President Trump has repeatedly underscored the need for rate cuts while criticizing Fed Chair Jerome Powell.
U.S. President Donald Trump hinted at the possibility of military action targeting Kharg Island, Iran’s key oil export hub. According to Walter Bloomberg on the 16th (local time), Trump said, “one simple word and Kharg Island pipes will be gone.” Kharg Island is a central hub for Iran’s crude oil exports, and a substantial share of the country’s outbound crude shipments is known to be transported via the island. The remarks are being interpreted as a warning that directly targets Iran’s energy infrastructure, as military tensions between the U.S. and Iran persist.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned it could attack US-linked industrial facilities in the Middle East within hours. According to Walter Bloomberg on the 16th (local time), the IRGC said in a statement it may target US industrial facilities in the coming hours. It also urged residents in areas near the facilities to evacuate immediately. The warning comes as US and Israeli military operations against Iran continue, raising the prospect of a further escalation in tensions across the Middle East.
An analysis suggests that institutional investors are sticking with a hold strategy rather than selling even during Bitcoin (BTC) downturns. According to crypto-focused media outlet CoinDesk on the 16th (local time), Matt Hougan, chief investment officer (CIO) of Bitwise, said that spot Bitcoin exchange-traded funds (ETFs) recorded roughly $60 billion in net inflows from their launch through October last year. Since then, Bitcoin’s price has fallen about 50%, but ETF outflows totaled less than $10 billion. He said this showed that institutional investors maintained a strong propensity to hold even in a bear market. Hougan said, "Bitcoin’s standing has risen in recent years, but it still has the characteristics of a non-mainstream asset," adding, "Institutional investors buying Bitcoin now are taking on the risk of making a decision that differs from typical market choices." He added, "Institutions investing in Bitcoin are generally investors with strong conviction, and are likely to tend to hold for a relatively long period even amid heightened volatility going forward."
Bitdeer, a Nasdaq-listed mining company, is launching new mining hardware tailored to Litecoin (LTC) and Dogecoin (DOGE) mining. According to The Block, a digital-asset (cryptocurrency) news outlet, Bitdeer on the 16th (local time) unveiled the 'SEALMINER DL1 Air,' a device optimized for Litecoin and Dogecoin mining. The machine was designed to specialize in the Scrypt algorithm used by the proof-of-work (PoW) blockchains of Litecoin and Dogecoin. Bitdeer plans to strengthen its competitiveness in the Scrypt-based mining market through the new product launch.
The London Metal Exchange (LME) has temporarily suspended trading in some key metal futures contracts. According to Walter Bloomberg on the 16th (local time), the LME said trading had been halted in major contracts. The specific scope of the affected contracts and the cause have not yet been disclosed. The LME is a market that plays a pivotal role in global metal price discovery, where futures in major industrial metals such as copper, aluminum and nickel are traded. The trading halt is understood to be a measure that can be triggered by various factors, including heightened market volatility or system checks.
Sen. Thom Tillis, a Republican, said an appeal of a ruling related to Federal Reserve Chair Jerome Powell could delay the confirmation process for the next Fed chair. On the 13th (local time), Walter Bloomberg reported that Tillis said if the Trump administration appeals the ruling involving Powell, it could delay the confirmation process for Kevin Warsh as Fed chair. He said, “An appeal would only result in slowing the process of confirming Kevin Warsh as the next Fed chair.” Previously, President Trump nominated Kevin Warsh, a former Fed governor, as the next Fed chair.
The three major U.S. stock indexes closed lower. The Nasdaq Composite on the 14th fell 0.93% from the previous session to 22,105.36. The Dow Jones Industrial Average dropped 0.25% to 46,559.83, while the S&P 500 declined 0.25% to 6,632.53 at the close.
All three major U.S. stock indexes are trading lower. The Nasdaq Composite was down 0.98% from the previous session at 22,093.47 points as of 04:39 on the 14th. The Dow Jones Industrial Average was down 0.15% at 46,605.84, while the S&P 500 was down 0.60% at 6,632.28.
A U.S. court has blocked the issuance of a subpoena targeting Federal Reserve (Fed) Chair Jerome Powell. According to Walter Bloomberg on the 13th (local time), the court declined to allow the subpoena request, saying there was "essentially zero evidence" in connection with the request to subpoena Powell. The subpoena was reported to have sought testimony and the submission of materials from Powell related to a specific probe. The court found that the materials submitted alone were insufficient grounds to issue a subpoena.
A forecast has emerged that Bitcoin (BTC) could deliver investment returns of up to 10x over the next decade. According to DL News, a crypto-focused media outlet, prominent investor and Digital Assets Council chairman Ric Edelman said in a CNBC interview that “Bitcoin’s return potential is enormous,” adding that “over the next 10 years, you can expect investment returns of up to 10x.” He cited low adoption and limited supply as the backdrop for that outlook. Edelman explained that “currently, fewer than 5% of the world’s population holds Bitcoin, and total supply is capped at 21 million coins,” adding that “this structure could help drive prices higher.” He also argued that traditional asset-allocation strategies need to change. “As advances in medical technology extend life expectancy, the traditional 60/40 portfolio model is increasingly becoming outdated,” he said. “If you plan to invest 70–80% of your capital in equities, you could also consider raising the share of crypto assets not to 1–2% but to around 10–20%.” However, he assessed that Bitcoin’s early vision of being used as a currency has effectively failed. “Hardly anyone thinks Bitcoin will be used as money,” Edelman said, adding that “instead, it is more likely to establish itself as a store of value and a powerful brand asset.”
According to DL News, a media outlet specializing in virtual assets (cryptocurrencies), super PACs (political action committees) in the crypto industry—including Fairshake—have poured about $271 million into lobbying efforts for the 2026 midterm elections. Of the funds, roughly 40% went to Republicans, 3% to Democrats, and the rest was used to support independent candidates.
The Ethereum Foundation has released official guidelines summarizing its philosophy and long-term role as a network steward. According to CoinDesk, a digital-asset (cryptocurrency) news outlet, on the 13th (local time) the Ethereum (ETH) Foundation explained the foundation’s role, operating principles and priorities in a 38-page document. The document states that “the Ethereum Foundation is the original steward of the Ethereum project, but it is not a parent company, owner or governing authority,” adding that “the foundation itself is not structured to represent or control the system.” It also defines Ethereum’s core purpose as enabling user sovereignty. To that end, it says the development process must uphold principles of censorship resistance, open source, privacy and security. The foundation said it aims to gradually reduce its influence as the ecosystem matures. The document was released as the organization enters a transition phase following the announcement that Ethereum Foundation co-executive director Tomasz Stańczak will step down.
MoonPay, a cryptocurrency payment company, has introduced an artificial intelligence (AI) crypto agent incorporating Ledger security features to address wallet key security issues. According to crypto-focused media outlet CoinDesk on the 13th (local time), MoonPay added Ledger hardware wallet signing to the command-line interface (CLI) wallet for MoonPay Agent to mitigate security risks that can arise in autonomous crypto trading tools. The feature enables users to verify and sign every transaction generated by the AI agent via a Ledger hardware device. It also said the design ensures private keys never leave the hardware signing device, enhancing key security.
An analysis suggests that if U.S. equities extend their decline, it could trigger a policy response from the White House or the Federal Reserve (Fed). According to Walter Bloomberg on the 13th (local time), Bank of America (BofA) strategist Michael Hartnett said that if the S&P 500 index falls to around the 6,600 level, the likelihood of a policy response could rise. That is about 1% below recent levels. Hartnett cited a surge in oil prices, the protracted Iran war, and global geopolitical instability as factors that could catalyze an equity selloff. He also assessed that some assets—such as gold, semiconductors, and European stocks—have moved into overbought territory, while software, bank lending, and Bitcoin (BTC) are in oversold territory. He projected that if a policy response materializes, it could include tariff relief, de-escalation of tensions in the Middle East, and monetary easing measures such as Fed rate cuts or bond purchases.
Stanley Druckenmiller, a heavyweight in the U.S. hedge fund industry, said stablecoins and Bitcoin (BTC) could bring major changes to the financial system going forward. According to CoinDesk, a media outlet specializing in digital assets, Druckenmiller said in an interview with Morgan Stanley on the 13th (local time) that "within the next 10 to 15 years, stablecoins could become the foundation of the global payments system." He explained that "stablecoins are more efficient and faster than existing payment systems, and costs are lower," adding that "the use of blockchain and stablecoins is also highly useful from a productivity standpoint." As for Bitcoin, he said it has "already become a brand," and added that "given people’s preference for it, it is likely to remain a store of value." He then questioned how long the U.S. dollar’s status as the world’s reserve currency can be sustained, adding that "we don’t know what currency will be the reserve currency 50 years from now."
An analysis has found that Bitcoin (BTC) investors are continuing to accumulate steadily even during downtrends. On the 13th (local time), Robert Mitchnick, BlackRock’s head of digital assets, said in an interview with CNBC that investors in spot Bitcoin exchange-traded funds (ETFs) are holding onto their positions and continuing to buy the dip. He explained, “About 90% of investors are steadily accumulating Bitcoin,” adding, “Institutional investors are also quietly buying Bitcoin.” He went on to say, “This accumulation trend has not yet been sufficiently reflected in market prices.”
Bitcoin (BTC) briefly regained the $72,000 level. As of 00:48 on the 14th, BTC is trading at $72,228.54 on Binance’s Tether (USDT) market, up 2.52% from the previous day.