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  • OpenAI’s IPO pitch comes with $34 billion in spending and a $39 billion loss.

    OpenAI’s IPO pitch comes with $34 billion in spending and a $39 billion loss
    1 hour ago Tech
  • Anthropic sends top security experts to Washington to rescue flagship models.

    Anthropic sends top security experts to Washington to rescue flagship models
    1 hour ago Tech
  • SWIFT faces disruption as China pushes mBridge, a blockchain-based settlement network.

    SWIFT faces disruption as China pushes mBridge, a blockchain-based settlement network
    3 hours ago News
  • Russia whitelists USDC and leaves door open for Dubai issued stablecoins

    Russia whitelists USDC and leaves door open for Dubai issued stablecoins
    4 hours ago Regulation
  • ECB President Lagarde rallies digital euro support against USD stablecoins payment lead

    ECB President Lagarde rallies digital euro support against USD stablecoins payment lead
    6 hours ago News
  • Ringleader on the run as South Korean police raid of $11M USDT laundering ring

    Ringleader on the run as South Korean police raid of $11M USDT laundering ring
    6 hours ago News
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  • GPT-5.6 rumors intensify as OpenAI eyes late-June release

    GPT-5.6 rumors intensify as OpenAI eyes late-June release
    7 hours ago Tech
  • Oil prices sank Tuesday while a U.S. military network kept Gulf exports running around the Strait of Hormuz. Brent crude lost 1.25% and traded at $82.13. July West Texas Intermediate dropped 1.41% to $79.67, taking the U.S. benchmark below $80. Prices rose overnight before falling. Monday’s losses had already taken the market to its lowest since March 4. Traders are waiting for the full terms of the U.S.-Iran peace plan. Washington and Tehran reached a deal Sunday that would keep their ceasefire in place for 60 days and allow vessels through the strait. G7 leaders meeting in Évian-les-Bains, France, will discuss the war, while more details from the memorandum are expected later this week. Washington runs a covert tanker system while diplomats prepare the formal deal According to Trump at the G7 conference, the agreement was now signed. Further, Trump stated that the Strait of Hormuz would "completely reopen" by Friday and that the Iranians' payments for passage would be stopped. A signing ceremony will take place Friday in Geneva. Well before this news, the United States had developed an alternative way of transporting the oil by its military. It involves the use of smaller ships to carry the goods via the area, then pumping it out into large ships once outside. Drones, unmanned watercrafts, and helicopters follow the convoy. The transfers began in early May near two coastal points. One sits off Fujairah in the United Arab Emirates. The other is near Sohar in Oman. Eleven sources identified those locations. Shipping records and satellite pictures showed at least 92 vessels taking part. The transfer network had already been running for several weeks before Washington and Tehran announced their provisional truce. Investigators could not establish whether the agreement changed the missions, their routes, or their pace. No public link has been confirmed between the tanker operation and the planned Geneva ceremony so far. Activity continued on June 11. Images from space showed 17 ship pairs transferring cargo at the same time across both areas. Two days earlier, Iran shot down an Apache helicopter tied to the mission. That attack led to U.S. bombing raids. Four sources linked the aircraft to the tanker work, including a former American official briefed on the strike. Satellite pictures from June 9 also showed six tanker pairs packed into waters off Sohar. The arrangement borrows a method Iran has used to bypass sanctions. Tankers carry oil in stages instead of sending one ship through the full trip. That makes the process slower and more dangerous, but it keeps exports leaving the Gulf while normal passage remains restricted. Military crews track darkened tankers before crews pump cargo into VLCCs Eight sources said the American military controls the entire operation. One was a private security contractor who had worked inside the transfer program. Each ship begins by heading for an assembly point before entering the strait. The ships are then allowed to sail in intervals of about 3,000-4,000 meters. Their transponders are switched off. Deck lights are kept low. A chain of checkpoints lets American forces follow every vessel during the crossing. One participant said the military is “obviously watching you all the time.” After passing the strait, the smaller ships travel just outside the sea area claimed by Iran. They then pull beside waiting Very Large Crude Carriers, known as VLCCs. Crews need between 24 and 40 hours to pump the oil across. The emptied tankers head back through the same corridor. The filled VLCCs continue toward buyers abroad. The system works because a small group of shipping operators still accepts the risk of crossing the Iranian blockade. Their vessels bring the cargo to larger carriers positioned beyond the main choke point. Iran also runs a separate traffic network on the other side of the strait. A May 20 investigation found that Tehran uses island inspection points, state-level negotiations and, in some cases, transit charges to guide ships through its side.

    Oil prices tumble as secret ship-to-ship US transfers keep Gulf oil moving
    8 hours ago Economy
  • SpaceX (SPCX) flips Solana volumes on Hyperliquid

    SpaceX (SPCX) flips Solana volumes on Hyperliquid
    8 hours ago News
  • BlackRock adds new Bitcoin ETF while XRP ETF debate heats up

    BlackRock adds new Bitcoin ETF while XRP ETF debate heats up
    9 hours ago News
  • DeepSeek's $7B raise signals a new front in the AI war

    DeepSeek’s $7B raise signals a new front in the AI war
    9 hours ago Tech
  • ECB and BoJ hikes signal end of the Easy-money era

    ECB, BoJ, and RBA all tightened in five days as the Iran energy shock ends the rate-cut cycle
    10 hours ago Economy

  • Dubai’s VARA tightens crypto AML rules, forcing firms to track FATF blacklists in real time
    13 hours ago Regulation

  • Spot HYPE ETFs approach $900 million in volume, signaling institutional confidence in Hyperliquid
    15 hours ago News
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  • Strategy adds 1,587 Bitcoin for $100 million as corporate buying slows across global markets
    16 hours ago News
  • Hackers hit deprecated Thetanuts vault for $2.1M

    Hackers hit deprecated Thetanuts vault for $2.1M
    20 hours ago News
  • Durov, Musk lead pushback against UK social media ban for teenagers

    Durov, Musk lead resistance against UK social media ban for teenagers
    20 hours ago Regulation
  • Trump CFTC names Donald Battle, Matthew Haws as newest senior staff members

    Trump CFTC names Donald Battle, Matthew Haws as newest senior staff members
    21 hours ago Regulation
  • Kraken launches CFTC regulated perpetual futures

    Kraken launches CFTC-regulated perpetual futures for US traders
    22 hours ago News
  • Why a risk management software is the gatekeeper for Kalshi’s new crypto perps?

    Why a risk management software is the gatekeeper for Kalshi’s new crypto perps?
    22 hours ago News
  • Nuvei makes $2.75B all-cash commitment to take over Payoneer's business

    Nuvei makes $2.75B all-cash commitment to take over Payoneer’s business
    23 hours ago News
  • Forward Industries sends acquisition bid to Solana Company in expansion push

    Forward Industries sends acquisition bid to Solana Company in expansion push
    23 hours ago News