Crypto and stocks add to gains as Trump says Iran war could be over soon
It’s been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
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It’s been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
There was little sign over the weekend of any de-escalation in the war against Iran.
The outlook for the Fed grew cloudier on Friday, as the employment market weakened appreciably even as inflation could be worsening.
Bitcoin remained under pressure even as the data likely puts back in play the chances of Fed rate cuts in the first half of 2026.
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
A New York federal court barred the crypto trading firm from moving bitcoin tied to Dominion Capital, citing suspended withdrawals and insolvency concerns.
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week.
Bitcoin price was little changed and traded just above $104,000 as policymakers expect stickier inflation and slower growth.
The market structure bill got an overhaul in two House committees at the same time while the Senate’s stablecoin bill is steaming toward a finish.