#TrumpSaysIranWarWillEndVerySoon ๐ฅ๐ฅ๐ฅ Market Brief Thursday - 12/03
+ Global oil prices continue to rise by over 5% to $92, U.S. stocks and gold slightly decrease, BTC recovers above $70K
Update on the Strait of Hormuz & oil price developments:
+ Iran warns that oil could reach $200, continuing attacks on ships in Hormuz, President Trump claims victory but is not yet ready to conclude [CT]
+ The International Energy Agency (IEA) will release the largest amount of oil in history (400 million barrels from reserves) to cool down oil prices [CT]
+ U.S. CPI rises 2.4%, Core CPI increases 2.5% in February, matching forecasts [CT]
๐ ETF Spot on 11/03 [CT]
No data available
+ SEC and CFTC ๐บ๐ธ sign a memorandum to coordinate and regulate the crypto market, ending the rivalry between the two sides [CT]
+ FDIC๐บ๐ธ: stablecoins are not insured by the U.S. government like bank deposits, though they still must have sufficient reserves [CT]
+ The Big Four banks ๐บ๐ธ Wells Fargo files to register the WFUSD trademark, signaling an upcoming launch of its own stablecoin [CT]
+ Ripple initiates a $750M share buyback, valuing the company at $50B, up from $40B in November 2025 [CT] $BTC
