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The ceasefire between the US and Iran has become fragile after recent fighting resumed, heightening tensions in the Middle East. Walter Bloomberg reported on May 4 that the two sides exchanged fire over the past 24 hours, raising questions about whet
Tetra Trust has unveiled CADD, the first Canadian dollar-backed stablecoin issued by a Canadian financial institution. The launch could broaden payments and corporate finance infrastructure. CoinDesk reported on May 4 that Tetra Trust introduced the
The United Arab Emirates called Iran’s attack a major security threat, underscoring rising tensions in the Middle East. Walter Bloomberg reported on May 4 that the UAE Foreign Ministry said in a statement that “Iran’s attack constitutes a serious esc
Rain, a stablecoin payments infrastructure company, has expanded its reach across global card networks, marking a deeper push into the payments market. Crypto news outlet The Block reported on May 4 that Rain had gained principal member status with M
Telegram plans to take a direct role in operating the TON network, a move that could reshape control of the ecosystem. Wu Blockchain reported on May 4 that Telegram founder Pavel Durov said the company will handle key operations in place of the TON F
The Depository Trust & Clearing Corp. plans to introduce a platform for trading tokenized securities, signaling deeper blockchain adoption across traditional financial infrastructure. CoinDesk reported on May 4 that DTCC plans to begin a pilot for to
International oil prices rose after a fire broke out at a UAE oil facility following a drone attack from Iran, reflecting renewed concerns over energy supplies. Walter Bloomberg reported on May 6 that a fire erupted in the Fujairah oil industry zone
International gold prices extended their decline, with short-term volatility increasing. Walter Bloomberg reported that spot gold fell about 2% on May 4, trading at around $4,523.15 an ounce. The decline reflects profit-taking after the recent rally
Iran has reaffirmed its plan to tighten control over the Strait of Hormuz, adding to rising maritime tensions. Walter Bloomberg reported on May 4 that a spokesman for Iran’s Islamic Revolutionary Guard Corps, or IRGC, said vessels that violate rules
The three major US stock indexes turned mixed. As of 12:12 a.m. on May 5, the Nasdaq Composite was up 0.20% from the previous close at 25,165.56. The Dow Jones Industrial Average fell 0.46% to 49,273.26, while the S&P 500 rose 0.02% to 7,231.67.
The United Arab Emirates said it had activated its air defense systems in response to a missile threat, underscoring persistent tensions in the Middle East. Walter Bloomberg reported on May 4 that the UAE was operating its air defense systems to coun
Iran said no nuclear negotiations are currently underway, underscoring the continued pause in formal talks. Walter Bloomberg reported on May 3 that an Iranian Foreign Ministry spokesman said "there are no nuclear negotiations at this stage." The rema
President Donald Trump said he cannot accept Iran’s proposal, underscoring the deadlock in negotiations. Walter Bloomberg reported on May 3 that Trump had reviewed Iran’s proposal but could not accept it. “I looked at everything, but it is at a level
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, emphasized the need for a flexible approach to future interest-rate policy. He also said a prolonged war could intensify inflation pressures. Kashkari told CBS on May 3 that policym
The US is fast-tracking a large arms sale to its Middle East allies, in a move that underscores stronger military cooperation. The Financial Times reported on May 2 that the Trump administration is moving quickly to approve arms sales worth about $8.
Warren Buffett, chairman of Berkshire Hathaway Inc., said the US investment environment still offers opportunities even as investor behavior grows increasingly speculative. The remarks highlight a shift in market sentiment. Walter Bloomberg reported
The three major U.S. stock indexes closed mixed on May 2. The Nasdaq Composite rose 0.89% from the previous session to 25,114.44. The Dow Jones Industrial Average fell 0.31% to 49,449.02, while the S&P 500 rose 0.29% to 7,230.11.
President Donald Trump said the US has no plans to withdraw from the Strait of Hormuz, reaffirming Washington’s intent to maintain control of the key maritime corridor. Walter Bloomberg reported on May 1 that Trump said, “The United States will not b
President Donald Trump said U.S. military action involving Iran did not require congressional approval, citing the end of hostilities. NBC News reported on May 1 that Trump, in a letter to Congress, said congressional approval was not needed for mili
The Ethereum Foundation has agreed to sell 10,000 Ether through an over-the-counter transaction to raise funds for its operations. CoinDesk reported on May 1 that the foundation signed the OTC deal to sell 10,000 ETH. The average sale price was $2,29
Paradigm has proposed a model to protect long-dormant Bitcoin (BTC) from the threat posed by quantum computing, outlining what could become a shift in crypto security. The Block reported on May 1 that Paradigm researcher Dan Robinson unveiled a model
CoinShares, a crypto asset manager, reported about $7.4 billion in assets under management in its first full-year results since listing. Crypto-focused media outlet The Block reported on May 1 that CoinShares posted total revenue of $165.7 million in
President Donald Trump said the US is producing and selling more crude oil, underscoring his emphasis on expanding energy supply. Walter Bloomberg reported on May 1 that Trump said, "The United States is now producing and selling more oil." The remar
President Donald Trump struck a negative tone on the terms of negotiations with Iran, highlighting the continuing stalemate in the talks. Walter Bloomberg reported on May 1 that Trump said Iran is "asking for things that I cannot accept." The comment
Iran said it is prepared to pursue diplomacy with the US if Washington eases its demands, signaling it remains open to restarting negotiations. Walter Bloomberg reported on May 1 that Iranian Foreign Minister Abbas Araghchi said Tehran would be ready
US Treasury Secretary Scott Bessent reaffirmed Washington’s plan to keep its maritime blockade on Iran in place, signaling continued pressure on Tehran. On May 1, Bessent wrote on X, the platform formerly known as Twitter, that the blockade would con
President Donald Trump said the US will raise tariffs on cars and trucks imported from the European Union, putting trade tensions back in focus. On May 1, Trump said tariffs on EU-made cars and trucks would be increased to 25%, according to Walter Bl
The White House declined to say whether Iran had submitted a proposal, underscoring its private approach to diplomacy. Walter Bloomberg reported on May 2 that the White House would not disclose details of private diplomatic discussions when asked whe
The three major U.S. stock indexes were trading higher. The Nasdaq Composite was up 1.08% from the previous close at 25,162.05 as of 12:30 a.m. on May 2. The Dow Jones Industrial Average rose 0.16% to 49,729.94, while the S&P 500 gained 0.65% to 7,25
Airstrikes by Iran and allied forces damaged multiple US military bases in the Middle East, adding to losses in military infrastructure. Walter Bloomberg reported on May 1 that Iran and affiliated forces struck at least 16 US bases across eight count