Oil prices inched toward $100 a barrel Friday as Iran’s missile barrages entered day seven, crippling shipping through the Strait of Hormuz and driving insurance rates sky-high. US President Donald Trump countered with a dramatic $20 billion US-backed reinsurance initiative through the Development Finance Corporation, aimed at guaranteeing safe oil tanker passage and stabilizing the
Micron Technology shares fell on Friday as weakness in South Korean memory names weighed on sentiment and US investors awaited February jobs data. The moves come as US stocks remained in the red amid the Iran conflict, while South Korean memory giants Samsung Electronics and SK Hynix also declined on the Korea Exchange. Micron edges
In 2025, artificial intelligence moved from tech circles into everyday life. It showed up everywhere, from conversations at the dinner table, in questions about whether the next phone or washing machine would run on AI, and in emails from managers urging employees to learn how to use it. Suddenly, the technology was no longer abstract.
The native token of OKX, OKB, has jumped more than 25% in 24 hours as investors reacted to a Wall Street partnership and the launch of Orbit, an in-app social platform that blends trading tools with social interaction. The rally pushed the token to an intraday high of $117.60 before settling down to around $97.53
The Bank of Canada has completed a market experiment examining how tokenised bonds could move through financial systems using blockchain infrastructure. The project involved several of the country’s largest financial institutions and centred on a short term security issued by Export Development Canada. The test explored how distributed ledger technology could support the creation, trading,
Shares of Marvell Technology surged nearly 12% in premarket trading on Friday after the semiconductor company issued an upbeat long-term outlook, betting on sustained demand for its artificial intelligence-focused chips and data centre networking technologies. The rally shows that investors are confident that spending on AI infrastructure by major cloud providers will continue to fuel
TRON (TRX) has seen a renewed wave of optimism after news emerged that the US Securities and Exchange Commission (SEC) has settled its long-standing legal case against founder Justin Sun and associated entities. The settlement, which involves the dismissal of all claims against Justin Sun, Tron Foundation, and Bittorrent Foundation and a $10 million civil
Efforts to advance the CLARITY Act, a major US bill aimed at establishing clearer rules for the digital asset market, have slowed after banks raised objections to a proposal allowing rewards for stablecoin users. The disagreement has complicated negotiations between lawmakers, regulators, and industry participants. The bill passed the House in July and was seen
The cryptocurrency market has turned bearish ahead of the Non-farm Payroll (NFP) data in the United States. Bitcoin has dropped below the $70,000 level, while Ether is down 4% in the last 24 hours and now trades at $2,050. Currently, traders are focusing their attention on the US jobs report due at 13:30 UTC. The
The crude oil price trajectory is increasingly indicating that the commodity may breach the $100 per barrel mark in the coming days as hostilities continue in the Middle East. Oil prices hit their highest level in nearly two years on Friday, with West Texas Intermediate surging past $86 and Brent hitting nearly $90 a barrel.