Chinese independent refiners are anticipated to increasingly rely on heavy crude from Iran and Russia in the coming months, as Venezuelan oil exports to China stall, according to dealers and analysts. According to a Reuters report, the revision comes after a US-Venezuela agreement that is expected to shift Venezuelan petroleum to the US, reducing access
Cosmos (ATOM) price hovers around $2.41, slightly off the highs of $2.50 reached on Wednesday. With bulls eyeing further gains above a key downtrend line, a break could be on the cards. Overall market conditions will dictate the next moves. However, support for a bullish setup, bolstered by fundamental strength, currently suggests buyers hold the
Private sector job creation turned positive in December, though hiring came in slightly below expectations, according to data released Wednesday by payrolls processor ADP. Companies added 41,000 jobs during the month, reversing a revised loss of 29,000 in November and offering a modest boost to confidence in a labour market that softened toward the end
The cryptocurrency market has continued its bullish start to the week, with Bitcoin trading above $93,500. Ether, the second-largest cryptocurrency by market cap, is also trading above $3,200 after adding 3% to its value. However, Ripple’s XRP is the best performer among the top 10 cryptocurrencies by market cap as it is up by nearly
BitMEX has expanded its derivatives offering with the launch of Equity Perps, a new product that allows traders to gain exposure to major US stocks and equity indices using cryptocurrency as collateral. The move marks a notable step for the exchange, which has traditionally focused on crypto-native markets, and reflects growing interest in bridging digital
Solana continues to extend its gains after rallying over the past few days. At the time of writing on Tuesday, SOL is trading above $137, up by more than 7% in the last seven days. The rally is fueled by institutional demand for SOL as spot exchange-traded funds (ETFs) recorded positive flows of more than
Tilray stock price has been highly volatile in the past few months as investors focused on Donald Trump’s cannabis reclassification efforts and its implications. It surged from $3.59 in June to a high of $23.16 in October. The stock then tumbled by 70% to $6.85 in December, then popped to $15.68 in the same month.
South Korea’s Financial Services Commission (FSC) is reviewing a proposal to allow preemptive account freezes. According to local sources, the proposal defines a system referred to as “payment suspension” that would enable authorities to block suspicious crypto transactions before illegal gains can be moved or hidden. The move is intended to address the unique challenges
Shares in parcel locker operator InPost surged more than 21% on Tuesday after the company said it had received an indicative proposal for the potential acquisition of all its shares, sparking speculation about a possible takeover of one of Europe’s largest automated delivery networks. The company did not disclose the identity of the party behind
Israel has reportedly returned to international debt markets with a new multi-tranche Eurobond sale, marking its first global fundraising effort since the Gaza ceasefire nearly three months ago. The issuance comes after an extended period in which the government relied heavily on domestic borrowing to fund elevated defence and security spending during the war. The