World News

Japan To Launch Yen Stablecoin For Business Payments

Japan Blockchain Foundation plans to issue EJPY, a yen-backed stablecoin built for B2B settlements, remittances, and digital asset payments on Japan Open Chain and Ethereum.

Clarity Act Faces Amendment Storm In Senate

The US Senate Banking Committee has received more than 100 amendments to the Digital Asset Market Clarity Act ahead of a key May 14 markup vote, with Senator Elizabeth Warren leading Democratic opposition over ethics concerns.

Indian Pm Tells Country To Stop Buying Gold For A Year

Indian Prime Minister Narendra Modi has urged citizens to pause gold purchases for a year to protect India's foreign exchange reserves, triggering an immediate selloff in domestic bullion and jewellery stocks.

Bofa Pushes First Fed Cut All The Way To July 2027

Bank of America Global Research no longer expects the Federal Reserve to cut interest rates in 2026, shifting its forecast for the first 25 basis point cut to July 2027 amid persistent inflation and a strong labor market.

Trump Departs For Beijing Tonight With Musk And Cook In Tow

President Trump departs Tuesday for a state visit to Beijing, bringing Elon Musk, Tim Cook, and more than a dozen top US executives. The agenda covers trade, AI, semiconductors, rare earths, Iran, and Taiwan.

The Metal Nobody'S Watching Just Hit An All-Time High

Copper closed at a record $6.4605 per pound, rising more than 13% on the year, as speculative positioning builds and markets price in surging demand from AI data centers, EV manufacturing, and grid expansion.

Saudi Aramco Ceo Warns Hormuz Damage Bleeds Into 2027

Saudi Aramco CEO Amin Nasser warned on the company's Q1 2026 earnings call that oil markets may not normalize until 2027 if the Strait of Hormuz closure extends beyond mid-June, framing the disruption as structural rather than temporary.

Brent Blows Past $107 As Hormuz Stays Shut

Brent crude surged 3.3% to $107.65 a barrel as US-Iran deal hopes collapse and the Strait of Hormuz remains effectively closed. Saudi Aramco CEO Amin Nasser warns the oil market may not normalize until 2027.

10-Year Treasury Yields Tag 5% As Iran Energy Shock Reignites Inflation

U.S. 10-year Treasury yields push toward 5% as the Iran war energy shock drives inflation to its highest level in nearly three years, putting Bitcoin at a crossroads between risk-off pressure and sovereign debt stress.