OPEC+ approved an increase in oil production of about 188,000 barrels per day starting in September, completing the phased rollback of a 1.65 million barrels per day voluntary cut agreed in 2023. Despite ongoing export disruptions from conflicts involving Iran and Ukraine, this hike marks the end of the voluntary output cuts, with a possible pause in production changes expected in the fourth quarter. The group is also reviewing production capacities ahead of 2027 quota talks, which may be challenging due to demands for higher quotas from some members like Iraq. Additionally, OPEC+ expressed concern over attacks on energy infrastructure amid regional conflicts, which impact supply and repair costs.
Bitcoin's price dropped sharply by nearly $3,000 on July 31, falling to $62,236 and wiping $40 billion off its market cap. This decline led the total crypto market cap to fall from $2.33 trillion to $2.22 trillion, with most altcoins also losing valu...
A security flaw in Coldcard wallets, caused by weak randomness in seed phrase generation from a 2021 firmware update, has resulted in the theft of 1,367 BTC worth about $88.6 million. The vulnerability affects models Mk2 through Mk5 and has led to th...
Pepeto is launching a zero-fee DeFi trading platform that is attracting significant early-stage investment as Bitcoin price predictions reach $200,000 for 2026. The project benefits from organic community growth and experienced investors, positioning...
For the first time in Bitcoin's history, the share of Bitcoin held directly by individuals in private wallets has dropped to about 49%, down from 78% in late 2022. This decline is due to increased institutional adoption through ETFs, ETPs, and corpor...
Michael Saylor, executive chairman of Strategy, hinted at a possible new Bitcoin purchase following a five-week pause, raising market speculation. The last purchase was in June 2026, acquiring 1,587 BTC for about $100 million, with current holdings a...
