48m ago
Uncertainty in the Strait of Hormuz keeps ships on edge and slows oil’s rebound
A preliminary deal has theoretically reopened the Strait of Hormuz, but Iran has set transit conditions, including mandatory insurance and a designated route, while the threat from mines remains unresolved. Insurers may void coverage under current war-risk terms, leaving shipowners wary about safety and liability. Tanker movements rose to their highest level since June, but shipping groups say the risks to safe passage have not been addressed. About 20% of global crude oil shipments move through the strait, making the uncertainty a direct concern for supply stability.
48m ago
2h ago
Ethereum whale activity drops 86.6% as large transactions fall from 2,194 to 294
Ethereum (ETH) stayed under pressure Thursday amid Middle East geopolitical tensions, persistent inflation concerns, and expectations of tighter monetary policy. The weakness has coincided with a sharp pullback in whale participation indicated by on-chain data. Large Ethereum transactions slid over the past two weeks, according to Santiment data shared by crypto analyst Ali Martinez.
ETH
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2h ago
2h ago
SpaceX shares pull back after $60 billion all-stock Cursor deal as inverse ETFs surge
SpaceX said it will acquire AI coding startup Cursor in a $60 billion all-stock deal, implying roughly 3.4% dilution for existing shareholders. Morningstar cut its fair value estimate to $62 from $63 on dilution concerns, while noting stronger AI monetization could support upside. The selloff has lifted inverse ETFs built to profit from declines in SpaceX shares. The move is being watched as an initial stress test for investors in SpaceX-linked products, including space-focused and thematic ETFs.
2h ago
3h ago
U.K. and Canada move to bar under-16s from TikTok-style platforms as Australia’s ban enters sixth month
The U.K., Canada, Australia and several EU countries are advancing social media restrictions aimed at minors aged 14–16, with Australia’s law in force for six months. In the EU, regulators have opened a formal investigation under the Digital Services Act (DSA) into Meta over allegations it has not adequately protected children from cyberbullying and grooming. Meta is explicitly named and could face fines of up to 6% of its total global annual turnover, marking a material escalation in regulatory pressure.
3h ago
3h ago
Vedanta sets July 14, 2026 date for 61st AGM after record FY 2025-26 results
Vedanta reported record performance in FY 2025-26, with zinc, copper, aluminium and silver output hitting all-time highs. Zinc International production rose 27% year on year, copper cathode output climbed 14%, and silver output reached 627 tonnes, supported by a 75% year-on-year jump in average silver prices. EBITDA increased 29% and net debt/EBITDA improved to 0.95x. The company completed the demerger of its aluminium, oil and gas, and iron ore businesses into five separate listed entities.
3h ago
3h ago
Polymarket commentator Car disputes Bloomberg insider-trading claims, calls flagged trades “well-timed”
A pseudonymous Polymarket analyst known as Car has pushed back on a Bloomberg report that flagged specific wallets and labeled tens of millions in trading volume as suspicious. In a thread, Car said Bloomberg’s analysis relied on flawed methodology and misread on-chain data. He also argued the publication overstated winnings and built a case that does not hold up.
3h ago