Market news
Crypto, stocks, forex and macro, aggregated for traders.
US Forces Shoot Down Iranian Drones Threatening Strait of Hormuz
US Central Command reported that American forces shot down two Iranian one-way attack drones near the Strait of Hormuz. The drones posed a threat to international maritime traffic.
US Home Sellers Retreat: Delistings Hit Highest Since March 2020
Delistings as a share of US home listings hit 5.8% in April, the highest since the pandemic onset, with Atlanta leading at 10.7%. Sellers are pulling properties as inventory outpaces demand, deepening the market stalemate.
US tech layoffs surge in May, AI cited as top reason
US-based technology employers announced 38,242 job cuts in May, the highest monthly total since August 2024, according to Challenger Gray data. AI was the most cited reason for the third consecutive month, with 38,579 cuts attributed to AI in May alone.
Top Broker Spreads on EURUSD, GBPUSD, USDJPY, Gold Compared
A new analysis ranks major forex and gold brokers by spreads, comparing EURUSD, GBPUSD, USDJPY, and Gold side-by-side, with a deep dive into 'zero-spread' offers and fine print.
Global Central Banks Buy 17 Tonnes of Gold in April, Reversing March Sales
Global central banks added 17 tonnes of gold in April, reversing March's net sales. Poland led purchases with 14 tonnes, while China added 8 tonnes, extending its buying streak to 18 months.
Palestinian Factions End Cairo Meeting, Plan Further Talks with Mediators
Palestinian factions concluded a meeting in Cairo and agreed to hold another session with mediators today, as disagreements persist on key issues.
US Small Business Hiring Intentions Halve, Hit 2001/2008 Recession Lows
Just 9% of US small business owners plan to hire in the next 3 months, the lowest since May 2020 and matching levels seen during the 2001 recession and the start of the 2008 financial crisis. Hiring intentions have halved over six months, while 13% cite labor costs as their top problem, a record high.
Trump Says US May Take Equity Stakes in AI Companies, to Meet Executives Next Week
President Trump indicated the administration could buy equity stakes in US AI firms and will host a meeting with AI executives as soon as next week, according to Reuters.
Bitcoin Breaks Below $60K Twice, $1.27B Liquidations
Bitcoin briefly dipped below $60,000 twice in the past 24 hours before recovering to around $61,000. Total liquidations reached $1.27 billion, with nearly $980 million in long positions.
Candlestick Patterns Require Location Context, Analyst Says
Ian Coleman of FXStreet argues that traders often misinterpret candlestick patterns because they ignore the specific location where the pattern forms, leading to false signals.
GCC Secretary General: Security of Bahrain and Kuwait Integral to Cooperation Council States
The Gulf Cooperation Council reaffirms that the security of Bahrain and Kuwait is inseparable from that of all GCC members, pledging unified support.
GCC Secretary-General Condemns Iranian Terrorist Acts as Dangerous Escalation
The Gulf Cooperation Council's top official labeled Iranian actions as dangerous, irresponsible, and a direct threat to regional security, citing violations of international law.
UAE Expresses Solidarity with Kuwait on Security Measures
The UAE Ministry of Foreign Affairs has voiced full support for Kuwait's measures to preserve its security and stability, reaffirming bilateral ties.
Spot Bitcoin ETFs See $1.72B Weekly Outflow, Second Largest on Record
Investors pulled $1.72 billion from spot Bitcoin ETFs last week—the second-largest weekly outflow on record. Total Bitcoin ETF assets fell to $75.1 billion. Ethereum and Solana funds also lost money, while XRP ETFs saw a small inflow.
UAE expresses full solidarity with Bahrain over security measures
The UAE Ministry of Foreign Affairs has voiced full support for Bahrain's steps to safeguard its security and stability, reaffirming strong bilateral ties.
Bahrain Defense Force Condemns Targeting of Civilians as Violation of International Law
Bahrain's Defense Force General Command stated that the deliberate use of missiles and drones to target civilians and private property is a flagrant violation of international humanitarian law.
Bank of Russia Won't Expand Crypto Access for Non-Qualified Investors
The Central Bank of Russia says it has no plans to broaden the list of cryptocurrencies available to non-qualified investors or raise the 300,000 ruble investment cap. Only Bitcoin, Ethereum, and USDT will be permitted initially.
Kuwait Condemns Iranian Aggression as Violation of Sovereignty
Kuwait's Foreign Ministry issued a statement condemning Iranian aggressions as a blatant violation of Kuwait's sovereignty, security, and territorial integrity, and a flagrant breach of international law and the UN Charter.
Weekly Crypto Roundup Covers Market Crisis, TON Rebrand, and DeFi Risk Models
A weekly analysis piece reviews key crypto events including a systemic market crisis, TON rebranding, stricter Aave listing rules, the end of stablecoin anonymity, Vitalik Buterin's conservative DeFi risk model, and the dopamine trap of perpetuals.
US Forces Strike Iranian Radar Sites After Intercepting Missiles and Drones
US Central Command reports that US forces intercepted multiple Iranian ballistic missiles and drones targeting the Strait of Hormuz and Persian Gulf countries, then retaliated by striking Iranian coastal surveillance radar sites in Goruk and on Qeshm Island.
Security Roundup: Trezor Safe 7 Vulnerability, Dashlane Hack, and More
A weekly cybersecurity roundup includes a vulnerability in the Trezor Safe 7 crypto wallet chip, a Dashlane password manager breach, Chinese hackers targeting Europe, and scammers exploiting AI support for Instagram accounts.
Pentagon Raises Israel Counterintelligence Threat to Highest Level
The Pentagon has escalated Israel's counterintelligence threat level to its maximum, citing increased Israeli intelligence gathering on U.S. officials and Middle East policy deliberations.
ForkLog Roundup: Bitcoin at $60K, Institutional BTC Selling
ForkLog's weekly digest leads with a Bitcoin crash to $60,000, Bloomberg's forecast of a severe crypto winter, and institutional sales of 52,500 BTC through ETFs. Also featured are Zcash's 48% drop, Microsoft's quantum chip, and AI security news.
NBA Finals Game 3 Sets Record with Cheapest Ticket at $10,622
The cheapest ticket for Game 3 between the Knicks and Spurs is $10,622, making it the most expensive NBA game in history.