Saudi Arabia and the United Arab Emirates are preparing to ramp up oil exports as the Strait of Hormuz reopens under the US–Iran pact, Bloomberg said in a report on Friday. The two Gulf producers are positioning themselves to restore flows quickly, highlighting their strategic infrastructure advantage and signaling a potential wave of supply into
The cryptocurrency market remained under pressure on Friday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment. Bitcoin (BTC) slipped below the $63,000 mark, while major altcoins also recorded losses, with Bitcoin Cash (BCH) and Hyperliquid (HYPE) among the worst performers over the past 24 hours. Geopolitical risks fuel market uncertainty
British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday. The figures come despite ongoing concerns about rising living costs and uncertainty linked to the conflict involving Iran. Data from the Office for National Statistics showed that retail
Bittensor’s TAO token has dropped nearly 7% from its recent 24-hour high as investors reacted to criticism of the proposed Root Reborn governance upgrade. According to Yuma, a validator group, the proposed “Root Reborn” upgrade introduces governance, liquidity, and regulatory concerns that could outweigh its intended tokenomics benefits. https://twitter.com/YumaGroup/status/2067688837732499561 The proposal was originally introduced to
Ripple’s XRP is trading below the $1.20 mark on Friday, holding short-term support near $1.13 after an early-week rally stalled at $1.28. The rejection at higher levels has dampened market sentiment, prompting traders to reduce exposure amid growing macroeconomic uncertainty. Weak investor sentiment weighs on crypto markets Cryptocurrency markets have been under pressure following a
For more than a decade, the economics of mobile gaming followed a simple formula. Developers built games, attracted players, and then surrendered a major portion of every transaction to the platforms that controlled distribution. Apple’s App Store and Google’s Play Store became the primary gateways through which mobile games reached consumers. In exchange for access
Cardano (ADA) continued its downward trajectory on Friday, trading below $0.165 and posting losses of more than 2% in the last 24 hours. The cryptocurrency remains under pressure, as weakening derivatives activity and negative on-chain indicators suggest further downside in the near term. Bearish derivatives data reflect growing market caution Market sentiment surrounding Cardano remains
BNB (formerly Binance Coin) continued its downward trend on Friday, trading below $575 and posting losses of nearly 4% over the week. The token remains under pressure as weak institutional participation, rising short positioning, and declining futures activity reinforce a bearish short-term outlook. Technically, BNB is now approaching a key support zone near $570, with
The US Dollar strengthened further on Friday, building on its weekly gains against major currencies as investors remained cautious amid growing geopolitical uncertainty in the Middle East. With US financial markets closed for the Juneteenth holiday and limited economic data on the calendar, market participants focused on developments surrounding US-Iran relations and comments from central
Gold rose on Thursday as traders moved back into bullion after a sharp sell-off, helped by weaker oil prices and a calmer inflation backdrop following the release of a US-Iran interim agreement. Spot prices climbed more than 1%, reversing part of Wednesday’s decline, as crude fell on hopes that energy flows through the Strait of