Screenshots of a website called “Hormuz Safe” have been circulating on social media, which offers “digital insurance” for ships passing through the Strait of Hormuz.
State-linked Fars News reported that Iran’s economy ministry has been working on a plan to manage shipping through the Strait with payments in bitcoin.
Streeting's challenge could intensify Labour's internal strife, potentially reshaping its leadership and policy direction by 2026.
The post Wes Streeting challenges Keir Starmer for Labour leadership amid party tensions appeared first on Crypto Briefing.
On-chain analysts report that a Solana trader tied to wallet “GyBRmk” sold 21,911 SOL for about $1.85 million after holding the tokens for more than two years. Data shows the investor originally accumulated 20,200 SOL at an average price near $144, valuing the position at roughly $2.91 million. The sale locked in an estimated $1.05 …
The trial's outcome could redefine nonprofit commitments in tech, impacting AI industry structures and investor confidence in mission-driven ventures.
The post Elon Musk and Sam Altman face off in OpenAI lawsuit trial appeared first on Crypto Briefing.
Upbit's TRAC listing enhances global trading efficiency, potentially boosting liquidity and investor interest in decentralized data solutions.
The post Upbit adds OriginTrail TRAC for trading in KRW, BTC, USDT markets starting May 18 appeared first on Crypto Briefing.
Ethereum, the second-largest cryptocurrency, has erased all its May gains after falling nearly 10% over the past week. But according to Bitmine Chairman Thomas Lee, the biggest reason behind Ethereum price decline may not actually be crypto-related at all. Tom Lee Says Rising Oil Prices Are Hurting Ethereum In a recent X post, Lee explained that …
The deal could stabilize US agricultural markets, reduce trade tensions, and enhance economic ties, but execution risks remain significant.
The post China commits to $17B in US agricultural purchases from 2026 to 2028 appeared first on Crypto Briefing.
Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,700 and $78,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $78,500 support zone. BTC remained in a bearish zone and extended losses below the $78,000 level. There was a move below the $77,500 level. The price even dipped below $77,000. A low was formed at $76,561 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Bitcoin is now trading below $77,500 and the 100 hourly simple moving average. If the price remains stable above $76,000, it could attempt a fresh increase. Immediate resistance is near the $77,500 level. There is also a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair. The first key resistance is near the $78,650 level. A close above the $78,650 resistance might send the price further higher. In the stated case, the price could rise and test the $80,000 resistance or the 50% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Any more gains might send the price toward the $80,800 level. The next barrier for the bulls could be $82,000. Downside Extension In BTC? If Bitcoin fails to rise above the $77,700 resistance zone, it could start another decline. Immediate support is near the $76,500 level. The first major support is near the $75,800 level. The next support is now near the $75,000 zone. Any more losses might send the price toward the $74,200 support in the near term. The main support now sits at $73,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $76,500, followed by $76,000. Major Resistance Levels – $77,700 and $78,650.
The Iran conflict exacerbates global economic instability, heightening energy market volatility and threatening future oil price surges.
The post Iran conflict costs global firms $25B, impacts oil market stability appeared first on Crypto Briefing.
Bitcoin Depot said changing regulatory environments have made it difficult to continue its current business model.
Hyperliquid (HYPE) is back in the spotlight as ETF momentum and renewed buying pressure fuel speculation of another breakout move. After reclaiming strength above key support levels, the token is once again attracting trader attention, but due to a fast-growing institutional narrative surrounding the ecosystem. With fresh ETF inflows, whale positioning, and HYPE defending a …
The Garden Finance hack underscores the fragility of crypto bridges, highlighting systemic risks in centralized key management and trust models.
The post Crypto bridge Garden Finance suffers $11M hack via compromised solver appeared first on Crypto Briefing.
The merger could reshape the energy landscape, blending stable utility operations with renewable growth, but faces regulatory and market hurdles.
The post NextEra Energy discusses $76 per share offer for Dominion Energy appeared first on Crypto Briefing.
Blockaid warned that attackers exploited a validation gap in the Verus-Ethereum Bridge, draining roughly $11.58 million in ETH, tBTC, and USDC. Investigators said the bridge correctly verified notarized state roots and Merkle proofs but failed to confirm whether source-chain amounts actually backed payouts. The attacker reportedly spent about $10 in VRSC fees to trigger withdrawals …
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Rising fuel costs from military actions strain American households, highlighting the economic vulnerability tied to geopolitical conflicts.
The post Donald Trump’s Iran war costs Americans $40B in fuel bills appeared first on Crypto Briefing.
While the broader crypto market remains under heavy selling pressure, Hyperliquid continues to display notable strength, sustaining its bullish momentum despite weakness across major assets. The optimism surrounding Coinbase’s recent listing roadmap announcement, combined with growing speculation around potential HYPE-linked ETF and ETP products, has significantly boosted market sentiment over the past 24 hours. As …
Absa's potential move to join the yuan payments platform could reduce Africa's dollar dependency, lowering transaction costs and currency risks.
The post Absa weighs joining yuan payments platform to boost China-Africa trade appeared first on Crypto Briefing.
Real-world assets (RWAs) are crypto tokens backed by traditional assets. Issuers of RWAs take an existing asset — such as gold, fiat currency, stocks or bonds — and create a token representing it on the blockchain, in a process called “tokenization.” The token now represents ownership in the underlying asset, allowing investors to buy and sell […]
NYDIG’s Greg Cipolaro says the Senate’s crypto market structure bill is at risk of failing if it cannot clear a floor vote by August.
The shutdown highlights the increasing regulatory challenges and compliance costs facing the crypto ATM industry, impacting its viability.
The post Bitcoin Depot files for Chapter 11 bankruptcy in Texas court to wind down ATM network appeared first on Crypto Briefing.
EU's potential supply chain diversification rules could increase costs and delay projects, impacting strategic autonomy and climate goals.
The post European Union considers rules to diversify supply chains away from China appeared first on Crypto Briefing.
AI's rapid advancement in finance reshapes job roles, emphasizing AI collaboration skills over traditional technical expertise, impacting market dynamics.
The post Citadel CEO Ken Griffin says AI agents complete complex finance tasks in days appeared first on Crypto Briefing.
The crypto market is facing renewed bearish pressure today as the total market capitalization slips to $2.56 trillion, while trading volume climbs to $65 billion amid rising sell-side activity. Market sentiment has sharply weakened, with the Fear & Greed Index falling below 40, as Bitcoin dominance reclaims levels above 60%. Meanwhile, crypto ETF flows have …
Some analysts argue that a comparatively broadened, institutionalized buyer base for crypto today may prevent a repeat of the drawdowns seen in May 2018 and May 2022.
Aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves.
Hyperliquid's HYPE token rallied 7% over 24 hours after Trade.xyz launched the first pre-IPO perpetual market on the platform, offering synthetic exposure to SpaceX at a reference valuation of $1.78 trillion.
China's AI investment surge could significantly boost its GDP growth, driving industrial modernization and influencing global tech dynamics.
The post China’s statistics bureau reports rapid growth in AI investment as Beijing bets big on industrial modernization appeared first on Crypto Briefing.
Iran is making a big crypto move after reports revealed the launch of “Hormuz Safe,” a Bitcoin-powered maritime insurance platform designed for ships moving through the Persian Gulf and the Strait of Hormuz. According to the reports, Iran’s Ministry of Economy launched the platform on May 16, 2026. Cargo operators traveling through the region can …