U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
Finance
FinCEN Report Unveils Bitcoin's Role in Human Trafficking and Child Exploitation
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Gold Prices Plunge Below $2,000 as Stubborn Inflation Dashes Rate Cut Hopes
"Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. -
Dow Faces Sharp Decline Amid Hotter-Than-Expected Inflation Data
"The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market.
The Latest
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Oil Soars, Markets Drop as Israel Strikes Iran, Triggering Fears of Wider Middle East Conflict
Global oil prices surged and equity markets tumbled Friday after Israel launched a wave of airstrikes targeting Iranian nuclear and military facilities, killing at least two of Tehran's top commanders and triggering a sharp escalation in Middle East tensions. 
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Oil Prices Hit Two-Month High as Trump Touts China Trade Deal, U.S. Inventories Drop 3.6 Million Barrels
Oil prices climbed to their highest levels in more than two months Wednesday, as investors reacted to renewed trade optimism between the U.S. and China and a sharper-than-expected decline in U.S. crude inventories. 
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ECB Cuts Key Rate to 2% Amid Slowing Inflation, But Growth Outlook Remains Flat
The European Central Bank on Thursday trimmed its benchmark interest rate by 25 basis points to 2%, responding to a sharper-than-expected slowdown in inflation and rising geopolitical and trade uncertainties. The move, widely anticipated by markets, marks the ECB's first rate cut since inflation dipped below the bank's 2% target for the first time in three years. 
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Gold Holds Steady as Traders Weigh U.S. Jobs Data, China Tensions, and Rate Outlook
Gold prices remained largely flat on Wednesday as a mixed batch of U.S. labor data dampened safe-haven momentum that had been building amid escalating trade tensions between Washington and Beijing. Spot gold hovered at $3,349.19 an ounce by 11:45 GMT, while U.S. gold futures stood unchanged at $3,373.10. 
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Jamie Dimon Warns U.S. Debt Crisis Could Trigger Bond Market Crack, Credit Spread Surge
JPMorgan Chase CEO Jamie Dimon warned Monday that the U.S. national debt poses a serious risk to bond markets, predicting that a disruption is imminent and could sharply widen credit spreads. Speaking on Fox Business's Mornings with Maria, Dimon said rising government borrowing and unchecked spending are setting the stage for volatility that will impact everything from small business loans to real estate lending. 
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Oil Surges Over 4% After OPEC+ Keeps July Output Hike at 411,000 Barrels Per Day
Oil prices surged Monday after OPEC+ confirmed it would maintain a planned 411,000-barrels-per-day increase in July output, marking the third consecutive monthly rise and easing fears of a surprise supply glut. Brent crude gained $2.49, or 3.97%, to $65.27 per barrel, while U.S. West Texas Intermediate rose $2.70, or 4.44%, to $63.49. -
OPEC+ to Boost July Output by 411,000 Barrels as Saudi Arabia Targets Quota Breaches
OPEC+ announced Saturday it will increase oil production by 411,000 barrels per day in July, marking the third consecutive monthly hike as the alliance led by Saudi Arabia and Russia seeks to claw back market share and penalize member nations that have exceeded agreed-upon output limits. The move, while framed as a response to "healthy market fundamentals," comes despite falling crude prices and growing skepticism among analysts. 
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SEC Drops Binance Lawsuit with Prejudice, Capping Trump-Era Crypto Pivot
The U.S. Securities and Exchange Commission on Thursday formally dropped its civil lawsuit against Binance, the world's largest cryptocurrency exchange, marking a major reversal in the agency's approach to crypto regulation under President Donald Trump. The SEC's move to dismiss the case with prejudice prevents it from bringing the same charges again, signaling a broader policy shift in Washington's treatment of the digital asset industry. 
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Elon Musk Confirms Beta Launch of X Money Payments App for 2025
Elon Musk confirmed on May 25 that X Money, the long-anticipated payments and banking platform tied to the rebranded Twitter, has entered limited beta testing ahead of a planned 2025 launch. The announcement follows years of speculation about Musk's plans to transform X into a multifunctional "everything app" incorporating social media, media sharing, and financial services. 
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Bitcoin Surges Past $111,000 to Record High as ETF Inflows, Institutional Buying Accelerate
Bitcoin surged to a new all-time high on Thursday, surpassing $111,000 as institutional adoption, regulatory developments, and investor demand for alternative assets continued to drive momentum. According to Coin Metrics, the cryptocurrency rose 3% to $111,529.78, after hitting an intraday peak of $111,886.41. 
