3h ago
Shipping firms offer captains up to $US100k a month to sail Strait of Hormuz
Iran and the United States are enforcing separate blockades in the Strait of Hormuz, cutting tanker transits to a daily average of just 10 in October from 125 before the war. To draw crews into the risky passage, shipping companies have raised captains' monthly pay from about $22,000 to as much as $143,000. Some companies are adding double-pay bonuses. The increases reflect sharply higher transport risk on the key waterway, with crude shipping costs under significant upward pressure.
3h ago
7h ago
Sui's Hashi Launches With $500M to Turn Bitcoin Into Productive DeFi Collateral Markets
Hashi, a cross-chain bridge project in the Sui ecosystem, has gone live. In its first phase, the project is bridging $500 million worth of Bitcoin to the Sui network. The goal is to make Bitcoin a yield-bearing collateral asset within DeFi protocols. The launch is intended to raise Bitcoin's capital efficiency in decentralized finance markets and expand Sui's on-chain locked value, while opening up non-custodial Bitcoin lending and yield use cases.
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7h ago