Latest News: ⚡ More than 1 in 3 crypto traders in the United States have cut back on their daily spending due to market losses, according to a survey conducted by CEX.IO on 1,100 active users. $XRP $BNB $ETH
🇷🇺 Russia just "approved" a bill to regulate cryptocurrencies, allowing companies and institutions to use crypto as a payment method for cross-border settlements and foreign trade, even under sanctions.
$BTC and $ETH are expected to be the first assets adopted under this framework.
Digital breach ignites a $9 billion withdrawal wave from the largest crypto lending platform
A cyber breach targeting a project sparked
A relatively unknown player in the crypto space has caused widespread panic among DeFi investors, leading to withdrawals of billions of dollars from the "Aave" platform.
The largest decentralized lending platform ( )
the world.
The breach that occurred over the weekend resulted in the theft of nearly $300 million in digital assets. According to cybersecurity researchers, the hackers deposited around $200 million of the stolen tokens as collateral on the "Aave" platform.
Breaking: Turkish Central Bank Issues Interest Rate Decision... Lira Continues to Rally
The Central Bank of Turkey kept its key interest rate unchanged in its meeting today, Wednesday. This decision comes amid widespread anticipation from investors trying to gauge the direction of monetary policy in light of the war in Iran, which has overshadowed inflation. The Monetary Policy Committee, headed by Governor Fatih Karahan, decided to maintain the one-week repo rate at 37%, a move that aligns with the expectations of most analysts.
The European Union stays the course to end Russian gas imports, according to
Energy Commissioner
-- The European Union stated that it will not change its strategy to phase out Russian gas imports, as European Energy Commissioner Dan Jørgensen declared on Tuesday.
"In my opinion, it would be a colossal mistake to start importing Russian energy again," said Jørgensen at a press conference.
Gold moves up amid an unresolved truce... Will it continue its ascent or head back down?
Global gold prices saw a spike during trading on Wednesday, buoyed by a dip in oil prices following the U.S. decision to extend the ceasefire with Iran. This move has helped ease concerns about accelerating inflation and the prolonged high-interest rate environment.
Pound Today: GBP Bounces Up Slightly as Warsh's Testimony Calms Forex Markets
The pound and the euro edged up slightly on Wednesday as the forex markets found some relief from Fed nominee Kevin Warsh's testimony before the Senate, which reassured traders about the independence of the Fed without fundamentally altering interest rate expectations.
Breaking: Gunfire in Hormuz pushes oil back above $100 and Iran breaks the blockade
Oil prices surged during Wednesday's trading, surpassing the $100 per barrel mark for Brent crude in a sharp upward movement that wiped out previous negative gains, following reports of gunfire targeting 3 container ships in the Strait of Hormuz.
Brent crude futures rose by about $1.59, or 1.6%, reaching $100.07 per barrel, while West Texas Intermediate crude climbed by approximately $1.51 or 1.7% to $91.18, after both benchmarks had recorded gains nearing 3% during Tuesday's session. $oil
Bitcoin Price Today: Surpasses $78K with Ceasefire Extension with Iran and Institutional Demand
Bitcoin surged past the $78,000 mark on Wednesday, buoyed by U.S. President Donald Trump's extension of the ceasefire with Iran, while institutional demand also boosted market sentiment.
The world’s largest cryptocurrency traded up 2.7% at $78,018.4 by 10:49 AM (Saudi Time), after hitting $78,430.4 in the past 24 hours.
Bitcoin is on track to score gains for the third consecutive day. $BTC
Latest news: ⚡ Jefferies warns that the exploitation of the $293 million Kilb DAO may temporarily slow the adoption of digital tokens in traditional finance as companies reassess security risks. $BTC $XAG $XAU