A potential closure of the Bab el-Mandeb Strait in the Red Sea could disrupt oil shipments from the Middle East to Europe and Asia, pushing crude oil prices higher. This disruption would force tankers to take longer routes, increasing delivery times and costs, especially impacting Saudi exports. WTI crude oil is showing bullish signs with a potential rise to $100-$110 if it breaks above $86, while Brent crude could rally to $120 or even $130 if it stays above $90. The situation underscores how geopolitical tensions continue to drive oil market volatility and could lead to higher energy costs globally, affecting inflation and economic growth.
PayPal's board has reportedly rejected an offer valuing the company at $60.50 per share, considering it inadequate. This comes as PayPal's stock currently trades at around $56 per share. The board's stance suggests they believe the company's value is...
South Korea's largest crypto exchange, Upbit, will list two modular DeFi lending tokens, Morpho (MORPHO) and Euler (EUL), in its KRW market on July 25 and 26, 2026. Morpho's price rose 4.8% on the announcement, reflecting growing investor interest. T...
Morgan Stanley's Bitcoin Trust surpassed $400 million in inflows, signaling strong institutional interest amid $51.83 billion cumulative inflows in U.S. Spot Bitcoin ETFs. However, daily ETF outflows of about $240 million and Bitcoin trading below $6...
Shiba Inu lead ambassador Shytoshi Kusama has been silent on social media platform X for 74 days, a pattern seen before during which he focuses on development projects like an independent AI initiative. His silence has left the SHIB community to rely...
Coinbase is proactively upgrading its security systems to protect Bitcoin and other cryptocurrencies from future quantum computing risks. The company is enhancing its proprietary key management system, PQ-CoreKMS, which currently secures 99.9% of its...
