Crude oil markets experienced significant volatility this week due to ongoing geopolitical tensions between Washington and Tehran, particularly involving the Strait of Hormuz. Prices for WTI crude hovered near key support at $70 and resistance around $113, influenced more by political headlines than supply and demand fundamentals. Brent crude showed similar patterns, with prices bouncing off the 200-week EMA amid uncertainty. Traders are advised to exercise caution as the situation remains unstable and could impact prices further over the weekend.
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
Xaman Wallet, a key app for the XRP Ledger ecosystem, has eliminated its 0.09 XRP minimum trading fee to encourage more liquidity and enable smaller trades. While the 0.8% swap and DEX trading fee remains, removing the minimum fee lowers barriers for...
Nvidia's earnings report on Wednesday is the week's most anticipated event, with options pricing in a 6% share move due to factors like AI infrastructure demand, product ramp timing, China exposure, and new financing partnerships. Analysts warn of po...
Bitcoin surged over 20% in a single week, rising from around $62,700 to $79,500, marking one of its strongest weekly gains in recent years. This rally mirrors past major market reversals seen in 2019 and 2023, suggesting a possible new bull market cy...
Term Finance, a DeFi lending protocol on Ethereum, lost about $8.5 million after a hacker exploited its DAO governance system by buying a majority of governance tokens at low cost. This allowed the attacker to approve malicious proposals and drain 2,...
