Market news
Crypto, stocks, forex and macro, aggregated for traders.
Trump Admin Allows Iran Access to $6B for Humanitarian Goods Under Interim Deal
The Trump administration will permit Iran to access $6 billion of its oil money held in Qatar to purchase humanitarian and non-sanctioned goods from the US, under an interim deal between Tehran and Washington, according to the Financial Times.
Euro Falls to Two-Month Low on Fed Rate Bets
EUR/USD dropped to around 1.1475, marking a two-month low as expectations of a Fed rate hike strengthened the US dollar.
Retail Investors Pour $150 Billion Into US Equity ETFs, Second Highest on Record
Retail investors bought over $150 billion of the 100 largest US equity ETFs in the past month, the second-highest monthly total on record, only below December's $170 billion. Purchases have more than quadrupled since March. Corporate bond ETF buying also neared record levels.
Iran Offers Free Passage in Strait of Hormuz for 60 Days in Nuclear Deal
Iran announced it will ensure safe passage of commercial vessels through the Strait of Hormuz at no charge for 60 days as part of a final nuclear deal. In exchange, the US will terminate sanctions on Iran and issue waivers for Iranian oil exports, while Iran commits not to develop nuclear weapons.
Hacker Exploits Unused Aztec Smart Contract, Drains $2.15M
A hacker exploited a vulnerability in an outdated Aztec Payments smart contract on the Aztec L2 network, stealing approximately $2.15 million. The attacker spent only 0.134 ETH ($230) to execute the attack.
AUD/USD Holds Near 0.7030 as US Labor Data Supports USD
The Australian Dollar trades in a narrow range against the US Dollar on Thursday, with AUD/USD hovering around 0.7030. US jobless claims data points to a steady labor market, providing support for the greenback.
Nuclear power demand from AI data centers boosts CEG, VST
Constellation Energy (CEG) and Vistra Corp. (VST) are highlighted as direct beneficiaries of rising nuclear power demand from AI data centers.
GBP/USD Falls as Fed Hawkishness Overshadows BoE Rate Hold
The British Pound dropped on Thursday as the US Dollar strengthened following the Federal Reserve's hawkish stance, overriding the impact of the Bank of England's decision to keep rates unchanged in a 7-2 vote. GBP/USD fell to 1.3234.
WTI Oil Falls to 3-Month Low on Strait of Hormuz Deal Optimism
West Texas Intermediate crude oil dropped to around $73.20, a three-month low, as optimism over a potential deal to ease tensions in the Strait of Hormuz outweighed a larger-than-expected US crude inventory drawdown.
Spacex (SPCX) Holds Firm Amid $60B Forced Buying on Nasdaq
SpaceX (SPCX) shares trade steadily in early Nasdaq sessions as an engineered float restricts selling, with $60 billion in forced buying underpinning price stability.
Bitcoin 15% Below True Average Market Price of $77,200
Bitcoin is trading 15% below its true average market price of $77,200, according to Glassnode on-chain metrics. Short-term holders are still underwater, with the MVRV ratio at 0.9, and realized cap has declined 1.45% over 90 days, indicating a continued bearish trend.
Bank of England Holds Rate at 3.75% as Expected, Deutsche Bank Says
The Bank of England kept its key rate at 3.75% as widely expected, according to Deutsche Bank's Sanjay Raja, who notes a more divided Monetary Policy Committee but a stronger consensus for a prolonged pause.
US Semiconductor ETFs See Record $4.7B Weekly Inflows
Semiconductor ETFs SMH and SOXX attracted $4.7 billion in inflows last week, the largest combined weekly inflow on record, beating the prior record by ~62%. The SOX index is up 90% year-to-date.
Joseph Lubin: Biggest Crypto Bull Market Ahead, Fueled by AI and Wall Street
Ethereum co-founder Joseph Lubin predicts the largest crypto bull market is still to come, driven by artificial intelligence and institutional adoption from Wall Street. He shared the view in a recent interview.
BofA Bull & Bear Indicator Hits 8.8, Stays in Sell Zone
Bank of America's Bull & Bear indicator rose to 8.8, remaining deep in "sell" territory for global equities, signaling extreme investor euphoria.
US Teens Face Tough Summer Job Market as Hiring Slows
Many American teenagers are struggling to find summer jobs this year, as hiring in retail, restaurants, and recreation has slowed, according to a report.
Euro Set for Weakness as Other Central Banks Leave ECB Alone
The Euro faces headwinds as the ECB's hawkish stance is not supported by BoE, SNB, Norges Bank, and Riksbank. BNY, Rabobank, and Societe Generale highlight different risks for the single currency.
US Dollar Extends Rally Above 100.00 After Hawkish Fed Update
The US Dollar Index (DXY) climbed back above 100.00 following the Federal Reserve’s hawkish policy update under new Chair Kevin. The rally raises the question of whether further gains are sustainable.
Trump: Oil Flowing, Stocks Roaring, Jobs at Records, Prices Dropping
Former President Trump touted strong economic conditions including record jobs and dropping prices, while asserting that oil is flowing and Iran will never get nuclear weapons.
USD/JPY Hits 160.95, Near Multi-Year High on Fed Hawkish Stance
USD/JPY traded around 160.85 on Thursday, reaching 160.95, its highest level since July, driven by the Federal Reserve’s hawkish bias and persistent intervention risk from Japan.
RaboResearch: BoE Holds Rate at 3.75% with 7-2 Split, Inflation May Peak Lower
The Bank of England kept its Bank Rate at 3.75% in a 7-2 vote, with two members favoring a 25bp hike. RaboResearch notes that falling energy prices could push inflation below earlier projections.
Wall Street Opens Higher: Dow Jones Up 0.79%, Nasdaq Rises 1.56%
Major U.S. stock indices opened higher on the day, with the Dow Jones Industrial Average rising 0.79%, the Nasdaq climbing 1.56%, and the S&P 500 gaining 1.20%.
Chinese Superconducting Quantum Computer Integrates Post-Quantum Cryptography
The 72-qubit Origin Wukong computer has integrated a post-quantum encryption framework, completing over 1 million tasks securely. The solution protects against both classical and quantum attacks.
Pound Faces Tough Task as BoE Navigates Fed Hawkish Surprise
The US dollar surged after the Fed's hawkish surprise, with nine FOMC members forecasting rate hikes in 2026. This complicates the BoE's policy path for the Pound.