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The European Union raised the prospect that a prolonged war involving Iran could trigger a stagflation shock, as surging energy prices add to pressure on growth. Walter Bloomberg reported on May 18 that the EU plans to lower its economic growth forec
The US has rejected Iran’s latest peace proposal, a decision that signals renewed strains between Washington and Tehran ahead of a White House Situation Room meeting. Walter Bloomberg reported on May 18 that the US decided not to accept Iran’s latest
The US government has issued a negative assessment of Iran’s latest negotiating proposal, signaling renewed strains between Washington and Tehran. Walter Bloomberg reported on May 18 that a senior US official said Iran’s new proposal was insufficient
President Donald Trump is expected to discuss military response options with his national security team, a sign that tensions in the Middle East are escalating again. Walter Bloomberg reported on May 17 that Trump will meet key national security aide
President Donald Trump delivered a stark warning to Iran, signaling renewed tensions between Washington and Tehran. Walter Bloomberg reported on May 17 that Trump said Iran was running out of time. If it does not move quickly, he added, nothing will
Advisers to President Donald Trump are worried that China could take military action against Taiwan within the next five years, a report said. The prospect is sharpening focus on the risk of escalating tensions between the US and China. Walter Bloomb
The three major U.S. stock indexes closed lower on May 16. The Nasdaq Composite fell 1.54% from the previous session to 26,225.15. The Dow Jones Industrial Average closed down 1.07% at 49,526.11, while the S&P 500 ended 1.25% lower at 7,407.52.
BitMEX co-founder Arthur Hayes publicly endorsed decentralized derivatives platform Hyperliquid, highlighting its growing rivalry with traditional financial exchanges. On May 15, Hayes wrote on X, formerly known as Twitter, that "Hyperliquid (HYPE) i
The three major U.S. stock indexes turned lower on May 16. The Nasdaq Composite was down 1.22% at 26,309.81 as of 4:37 a.m. The Dow Jones Industrial Average fell 0.96% to 49,582.51, while the S&P 500 dropped 1.01% to 7,425.44.
Cryptocurrency analyst Michaël van de Poppe identified $76,000 as a key support level for Bitcoin, saying the token’s ability to hold that mark could determine whether it extends its rally. Writing on X on May 15, Van de Poppe said Bitcoin was showin
The United Arab Emirates forcefully rejected Iran’s claims and what it described as efforts to justify attacks, underscoring renewed tensions in the Middle East. In a statement on May 15, the UAE said it categorically rejects Iranian claims raised du
The US is considering using Palestinian tax revenue to help finance Gaza reconstruction, as diplomatic discussions continue over the Middle East and postwar rebuilding. Walter Bloomberg reported on May 15 that the US government is reviewing a proposa
International oil prices extended gains and climbed to a fresh intraday high as geopolitical risks in the Middle East and supply concerns persisted. Walter Bloomberg reported on May 15 that West Texas Intermediate futures rose to around $105.5 a barr
Spiral, Block’s open-source Bitcoin development unit, has released an artificial intelligence-based tool to detect security vulnerabilities, marking the latest effort to strengthen security across the Bitcoin development ecosystem. Crypto Briefing re
China urged the US to take concrete steps to maintain peace and stability in the Taiwan Strait, as markets watch for signs of easing tensions between Washington and Beijing. Walter Bloomberg reported on May 15 that a senior Chinese foreign affairs of
Bitcoin fell sharply as a jump in U.S. Treasury yields and renewed inflation concerns triggered broader selling across global risk assets. CoinDesk reported on May 15 that Bitcoin briefly dropped to $78,600. Bitcoin had earlier climbed to $82,000 aft
Wall Street investment bank TD Cowen said the CLARITY Act’s approval by the Senate Banking Committee does not guarantee final passage, pointing to additional political hurdles in Congress. The Block reported on May 14 that TD Cowen said passage throu
The three major U.S. stock indexes closed higher on May 15. The Nasdaq Composite rose 0.88% from the previous session to end at 26,635.22. The Dow Jones Industrial Average gained 0.75% to 50,063.46, while the S&P 500 advanced 0.77% to close at 7,501.
Crypto data platform Dune Analytics has cut about 25% of its workforce as it restructures to focus on artificial intelligence and on-chain data services for institutional clients. BeInCrypto reported on May 14 that the company had laid off roughly a
Layer-1 blockchain Sui plans to launch Sui Spheres, a new infrastructure product for collaborative institutional workflows. The offering is designed as a middle ground between public blockchains and private systems. In a post on its official X accoun
Coinbase Chief Executive Officer Brian Armstrong welcomed the U.S. Senate Banking Committee’s approval of the CLARITY Act, fueling expectations for a clearer U.S. regulatory framework for digital assets. On May 14, Armstrong wrote on X, formerly Twit
JPMorgan expects Ethereum and the broader altcoin market to remain relatively weak against Bitcoin for the time being, pointing to a market structure that is becoming increasingly centered on BTC. The Block reported on May 14 that JPMorgan said in a
CFTC Chairman Mike Selig welcomed the Senate Banking Committee’s approval of the CLARITY Act, saying the move marks progress toward a clearer US regulatory framework for digital assets. On May 14, Selig wrote on X, formerly Twitter, that the committe
The CLARITY Act, a US digital-asset market structure bill, has cleared a markup in the Senate Banking Committee, marking another step toward a formal regulatory framework for cryptocurrencies in the US. CoinDesk reported on May 14 that the bill passe
Crypto-related stocks rose as the U.S. Senate Banking Committee continued discussing the Clarity Act, legislation focused on crypto market structure. The gains reflect expectations that clearer rules could bolster the sector. Coinbase shares climbed
The US Senate unanimously passed a resolution to withhold senators’ pay during any future government shutdown, a step seen as underscoring congressional accountability. Walter Bloomberg reported on May 14 that the Senate had unanimously approved the
The three major US stock indexes were trading higher. The Nasdaq Composite was up 1.09% at 26,691.50 as of 1:17 a.m. on May 15, from the previous close. The Dow Jones Industrial Average rose 0.89% to 50,136.92, while the S&P 500 gained 0.92% to 7,512
President Donald Trump said Chinese President Xi Jinping told him China would not provide military support to Iran, indicating the issue was a key topic in talks between the two leaders. Trump said Xi told him Beijing would not supply military equipm
The US Senate Banking Committee rejected an amendment that would have barred public officials from maintaining ties to cryptocurrency businesses. The vote came as lawmakers debated the CLARITY Act, again bringing the Trump family’s crypto ventures un
The US Senate Banking Committee continued debating amendments to the CLARITY Act, legislation that would establish a market structure framework for digital assets in the US. The discussion also touched on digital-asset regulation and whether banking