US Central Command said it struck Iranian air-defence and naval facilities in response to an attempted mining incident in the Strait of Hormuz. Crude prices have climbed through the week, reaching their highest level in more than a month, as markets price in a prolonged disruption to exports rather than a quick de-escalation. Traders are focusing on how the standoff may unfold, including the scale of a US naval blockade around Iranian ports and the risk of further mining attempts in the strait.

Several blockchain networks recently faced price-manipulation attacks involving tokens such as TONIC, leading to emergency halts and, in one case, a chain rollback. TRM Labs estimated roughly $75 million was improperly borrowed, with about $6 million bridged to Ethereum and around $68.7 million reversed on Cronos. Bitquery reported net outflows of about $8.3 million on Ethereum and the discarding of 10,961 blocks, while project teams said they fully recovered 531,600 bnUSD and 1.366 million SODA and retrieved 82,430 USDC. Officials said user assets were not affected, but the incidents highlighted the limits of network halts once funds move across chains or into custodial venues.

Sterling fell below 1.3550 versus the US dollar on Tuesday, down 0.4% on the day. The US dollar index rose 0.3% after February CPI increased 3.1% year-on-year, exceeding expectations. UK inflation has eased from peak levels but remains above the Bank of England’s 2% target, limiting room to cut rates. Markets are pricing a 60% chance of a 25-basis-point BoE cut in May, though that could shift if inflation stays sticky.

On-chain data show Binance’s XRP reserves have fallen to their lowest level since 2024. From November 2025 to now, the exchange’s XRP balance dropped from 3.1 billion to 2.6 billion tokens, a net outflow of about 500 million. The decline persisted as XRP slid 63% from a $3.66 peak to around $1.35. XRP is now testing support near its 20-week EMA around $1.27, with resistance at the 50-week EMA.

MongoDB reported fiscal 2025 second-quarter net income of $40.9 million and adjusted earnings of $1.90 per share, beating expectations of $1.60. Revenue came in at $771.8 million, above the forecast $733.6 million. For the fiscal third quarter, the company guided for EPS of $1.57 to $1.61 on revenue of $756 million to $761 million. For the full year, it projected EPS of $6.39 to $6.58 and revenue of $2.99 billion to $3.03 billion.

Dell Technologies reported results for fiscal 2025 second quarter, posting net profit of $4.13 billion and adjusted earnings of $7.04 per share. Revenue came in at $46.97 billion. Both figures exceeded Wall Street expectations. The company also issued guidance for per-share earnings and revenue for the current quarter and the full year.

Federal Reserve Governor Michael Barr said he would support a decisive interest-rate increase if inflation fails to ease. Polymarket data show traders put the probability of a 2026 rate hike at 72%.

Coinbase said it has added CP to spot trading on its platform, expanding the range of assets available to users. The exchange did not disclose the specific trading pairs, but it said trading will be subject to regional availability. The move is expected to increase CP’s liquidity and visibility and give investors another option to trade.