Author: John Smith

Iran’s main military command has closed the Strait of Hormuz to all vessels after fresh US attacks. Summary Iran’s Khatam al-Anbiya command said the Strait of Hormuz is closed to all vessels until further notice. Iranian media reported that Revolutionary Guards forces hit two ships attempting to pass through the waterway. US Central Command said it launched fresh strikes on Iran as Qatar sent a delegation to discuss the war. Iran Iranian media said Khatam al-Anbiya Central Headquarters cited security threats in the waterway. The move came as talks to end the conflict faced new pressure. Iran warns ships against…

Nigeria’s Senate has advanced a bill that could create formal rules for crypto firms and virtual asset operators. Summary Nigeria’s Senate passed the Virtual Asset Service Providers Regulation Bill, 2026, for second reading. The bill would require crypto exchanges and other virtual asset service providers to obtain licenses. The proposal now moves to committee review before further readings and possible final approval. The Virtual Asset Service Providers Regulation Bill, 2026, passed second reading on Tuesday and moved to committee review. The proposal seeks licensing, compliance rules, and consumer protection measures for one of the world’s largest crypto markets. Nigeria Senate…

Oracle has reported stronger fiscal fourth-quarter earnings and revenue than analysts expected. Summary Oracle beat fiscal fourth-quarter estimates with $2.11 adjusted EPS and $19.18 billion in revenue. The company plans to raise $40 billion through debt and equity financing for AI infrastructure. Oracle’s remaining performance obligation rose 363% to $638 billion, helped by large AI contracts. The company also raised its full-year profit outlook, while keeping its fiscal 2027 revenue target unchanged. However, Oracle shares fell 5% in extended trading after the company detailed new financing plans for AI infrastructure. Oracle beats earnings and revenue estimates Oracle reported adjusted earnings…

South Korea’s KOSPI has recorded a sharp market decline after emergency circuit breakers halted trading twice in one week. Summary The KOSPI fell 13% in eight trading days, with full circuit breakers triggered on June 8 and June 10. Forced stock sales from margin calls reached about 300 billion won, while retail margin debt neared 38 trillion won. Samsung and SK Hynix make up over 50% of the KOSPI weighting and nearly 75% of its 2026 gains. The benchmark index fell 13% across eight trading days as margin calls and hedging demand rose. The selloff has also hit Asian markets,…

Senator Elizabeth Warren has called on the SEC to delay SpaceX’s $75 billion IPO, citing concerns over investor protections, governance risks, and the company’s $1.8 trillion valuation. Summary Elizabeth Warren has urged the SEC to delay SpaceX’s $75 billion IPO over governance, disclosure, and investor protection concerns. The senator questioned SpaceX’s $1.8 trillion valuation and warned that passive index fund investors could face unwanted exposure. SpaceX has attracted more than $250 billion in orders ahead of its planned June 12 Nasdaq debut under the ticker SPCX. According to a letter sent by Senator Elizabeth Warren to SEC Chair Paul Atkins,…

BlackRock has expanded disclosures for its proposed Bitcoin Premium Income ETF, reporting $9.99 million in net assets and a covered-call strategy tied to IBIT. Summary BlackRock updated its Bitcoin Premium Income ETF filing, disclosing a 0.65% sponsor fee and $9.99 million in net assets. The proposed BITA fund plans to generate income by selling covered call options on IBIT and related Bitcoin ETF indexes. Seed capital transactions included the purchase of nearly 110 BTC, 90,901 IBIT shares, and the writing of 856 options contracts. According to a June 10 filing with the U.S. Securities and Exchange Commission, BlackRock submitted a…

P2P.org, which secures more than $10 billion in delegated assets across over 50 blockchain networks, has partnered with Taurus to bring institutional staking services to banks and financial institutions using Taurus’ digital asset platform. Summary P2P.org has integrated its staking infrastructure with Taurus, giving banks access to Ethereum and other proof-of-stake networks through Taurus PROTECT. Financial institutions can delegate assets to P2P.org validators while retaining custody and control within their existing Taurus workflows. The partnership connects Taurus’ banking client base with staking services across networks including Solana, Polkadot, Cosmos, NEAR, Cardano, and Tezos. According to a press release shared with…

XRP traded near $1.11 on June 10 after losing about 4% in 24 hours and more than 10% across seven days.  Summary XRP trades near $1.11 as oversold momentum clashes with a broader bearish price structure. Glassnode shows realized losses dominate profits while XRP Ledger fees have fallen more than 91%. Binance reserves fell to 2.69 billion XRP, reducing immediate supply but not confirming recovery alone. The token moved between $1.10 and $1.16 as the wider crypto market remained weak. The price sits about 70% below its July 2025 record of $3.65. Momentum is oversold, but on-chain data shows holders…

Ant International has weighed a $1 billion fundraising round at a valuation of at least $10 billion as the Singapore-based fintech unit posts eight straight quarters of profitability and expands its cross-border payments business. Summary Ant International is considering a $1 billion fundraising round that could value the business at more than $10 billion. The Singapore-based unit generated an estimated $3.7 billion in 2025 revenue and has remained profitable for eight consecutive quarters. Blockchain infrastructure, stablecoin payments, and global payment services have become central to Ant International’s international expansion plans. According to Bloomberg, Ant Group’s overseas arm is in early…

Kalshi has introduced mandatory employer disclosures for certain traders and expanded its market surveillance program after reporting more than 150 investigations, over 100 blocked insider-trading attempts, and 20 law-enforcement referrals during the first quarter of 2026. Summary Kalshi now requires employer disclosures for traders in higher-risk markets and has introduced a new risk scoring system for proposed contracts. The platform said it blocked more than 100 potential insider trades, conducted over 150 investigations, and made 20 law enforcement referrals in Q1 2026. New compliance measures arrive as prediction markets face growing scrutiny from regulators, lawmakers, and federal investigators. According to…