The appointment underscores the CFTC’s push to strengthen crypto regulation amid congressional efforts to redefine digital asset oversight. The Commodity Futures Trading Commission has hired a former SEC crypto task force adviser with expertise in blockchain forensics and
Lower oil prices could prompt a broader equity rally A tentative U.S.-Iran peace deal has led to a decline in oil prices, which could have a positive impact on global stock markets. The drop in oil prices may clear the path for central banks to cut interest rates,
The currency pair declines amid broader US Dollar weakness after Middle East tensions de-escalate following a US-Iran peace agreement. USD/CHF fell 0.34% to 0.7943 on Monday as most G8 currencies strengthened against the US Dollar. The retreat follows easing Middle East te
Retail investors drive SpaceX shares up 16% despite concerns over valuation and unresolved technical challenges in its space data center plans. SpaceX shares surged $25 to $185, a 16% gain, as retail investors piled into the stock following its IPO. The rally lifted the co
Crude settles at $80.75 after breaking below critical support, signaling potential further declines amid rising global supply expectations. Crude oil prices fell $4.13, or 4.9%, to settle at $80.75, breaking below a key support cluster near $85.45-$86.71. This zone had act
US oil exports hit 14.5 million barrels per day in May Oil exports from the US and the Americas reached a record high of 14.5 million barrels per day in May. This increase is attributed to the decline in crude output from the Middle East. The rise in US exp
Goldman-backed trader reports €2.95 million pre-tax profit for 2025, missing targets as European energy volatility declines. Danish energy trader InCommodities posted a 2025 pre-tax profit of €2.95 million, down from €72.5 million a year earlier. The company cited reduced
Crypto treasury firm BitMine adds 76,881 ETH in a week, nearing 5% of circulating supply despite unrealized losses. BitMine increased its Ether holdings by 76,881 ETH last week, bringing its total to 5.62 million tokens valued at $10.2 billion. The purchase occurred as ETH
The move follows a $60 trillion global trading volume in 2025 and aims to shift crypto derivatives trading to regulated US venues. Kraken has introduced Commodity Futures Trading Commission-regulated perpetual futures for US traders, leveraging its acquisition of crypto de
US Dollar slips to one-week low near 99.38 The US Dollar trades lower against major peers as traders reduce safe-haven positions following a US-Iran peace deal. The US Dollar Index slipped to a one-week low near 99.38, but remains supported by a hawkish Fed outlook.