The IEA expects an oil supply glut in 2027 as output surges past demand. Global supply could jump by 8 mb/d to 110.3 mb/d while demand lags. Cheaper crude could cool inflation, easing Fed policy and aiding Bitcoin. The International Energy Agency expects a large oil supply overhang in 2027. Global output is projected to…
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The S&P 500 fell 1.2% on Warsh’s first Fed day, the worst result for a new chair since 1994. Warsh signaled price stability as his top priority, dashing rate cut hopes Trump had banked on. Traders now price in a Fed rate hike by October, a complete flip from where markets stood in Q1. Kevin…
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Amodei urged G7 leaders not to splinter on AI, days after his models were banned Macron warned allies the US could “turn off the switch” on their AI access anytime Trump’s team pulled Fable 5 and Mythos 5 from export over a narrow security jailbreak Dario Amodei sat across from Donald Trump at a G7…
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Elizabeth Warren asked the SEC to delay the SpaceX IPO over investor risks. Her June 9 letter landed one day before SpaceX closed its order books. SpaceX still plans to price Thursday and begin Nasdaq trading on Friday. Senator Elizabeth Warren urged the Securities and Exchange Commission (SEC) to delay SpaceX’s initial public offering (IPO),…
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Santiment data shows long-dormant Cardano wallets are moving ADA again after months of silence. Cardano’s Age Consumed metric spiked between June 4 and 9, its strongest reading since the April low. Charles Hoskinson reappeared with a bold claim that Cardano can become the operating system for the world. Long-dormant Cardano wallets are suddenly moving ADA…
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Ripple ex-CTO David Schwartz called the BitLocker flaw one of the worst security issues he has seen. The exploit reportedly bypasses Windows drive encryption with a USB-based method and no authentication prompts. Schwartz also flagged a surge in XRPL airdrop scams and impersonation accounts targeting holders. Ripple’s former chief technology officer, David Schwartz, issued a…
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Trump suggested a possible “friendly takeover” of Cuba after weeks of US oil pressure that pushed the island into a deep energy and economic crisis. At the same time, the US increased military presence in Israel as tensions with Iran escalated, adding to global geopolitical uncertainty. Bitcoin dropped over 3% as markets reacted to rising…
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The CLARITY Act’s stablecoin yield negotiations have stalled, with banks and crypto firms still far apart, blocking progress in the Senate. The White House pushed for a weekend deal before March, but sources say draft language is not close to final and no committee vote is scheduled. The bill remains stuck in Senate Banking, and…
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The US designated Iran a State Sponsor of Wrongful Detention, with the FBI highlighting cases of missing Americans. Military tensions are rising, as the US boosts its presence in the Middle East amid escalating friction with Tehran. Markets reacted to the growing geopolitical risk, with Bitcoin falling sharply as uncertainty spreads. Tensions between Washington and…
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Mastercard posts Director of Crypto Flows role to own stablecoin issuance, DeFi payment scaling, and Web3 network rule upgrades across its infrastructure. Citrini’s doomsday scenario sets Mastercard’s Q1 2027 earnings as the inflection point where AI agents bypass card interchange via stablecoins. The timing suggests Mastercard is racing to absorb the very threat Citrini identified…
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