Commodities

Policy · 1 week ago Chris Land Leads Senate Negotiations on Digital Asset Market Clarity Act Chris Land, a key figure in the Senate's crypto regulation efforts, is spearheading the Digital Asset Market Clarity Act, which aims to clarify jurisdictional oversight between the SEC and CFTC.

Derivatives · 1 week ago BingX Transforms into Multi-Asset Trading Platform to Enhance User Experience BingX has announced its evolution into a multi-asset trading platform, integrating crypto and traditional markets to provide users with broader trading opportunities.

Companies · 1 week ago US DOJ Targets $61M in Crypto Linked to Iranian Military Oil Sales The US Department of Justice has initiated a civil forfeiture action against $61 million in cryptocurrency allegedly connected to the illicit sale of Iranian oil, implicating Chinese firms in the laundering process.

Macro · 1 week ago Saudi Arabia Shifts Oil Exports to Strait of Hormuz After Pipeline Attack Following drone strikes that disabled the East-West Crude Oil Pipeline, Saudi Arabia is rerouting oil shipments through the Strait of Hormuz, raising concerns over global oil supply.

Macro · 1 week ago British Pound Hits One-Month Low Amid Rising Oil Prices and Stronger Dollar The British pound fell to $1.3474, its lowest level since August 7, driven by surging oil prices and a stronger US dollar amid geopolitical tensions.

Macro · 1 week ago Middle East Tensions Surge as Oil Prices Rise Following Gulf-Iran Talks Cancellation Oil prices have surged due to escalating tensions in the Middle East after Gulf-Iran talks were canceled, raising concerns about geopolitical stability and its impact on global oil markets.

Policy · 1 week ago Treasury Secretary Bessent Urges Passage of Crypto Clarity Act Amid Global Competition Treasury Secretary Scott Bessent emphasizes the urgent need for Congress to pass the Crypto Clarity Act to secure the U.S.'s position in the global tech landscape, warning of potential innovation losses to other countries.

Macro · 1 week ago Drone Strikes Disable Saudi Oil Pipeline, Crude Prices Surge A series of drone strikes have knocked Saudi Arabia's East-West Crude Oil Pipeline offline, causing a spike in crude oil prices and raising concerns about energy supply in Europe and Asia.

Macro · 1 week ago Middle East Conflict Drives Oil Prices and Shipping Costs Higher The ongoing conflict in the Middle East is significantly impacting oil tanker rates and global oil prices, with predictions suggesting a potential rise in crude oil values.

Macro · 1 week ago Bank of Japan Poised to Raise Interest Rates to 1.25% in September Meeting The Bank of Japan is expected to increase its policy rate to 1.25% during its upcoming meeting, marking the highest level since 1995. This decision reflects a significant shift in Japan's monetary policy amid rising inflation and a weakening yen.

Macro · 1 week ago Brent Crude Oil Surges Towards $108 Amid Saudi Pipeline Shutdown Brent crude oil prices have climbed to nearly $108 per barrel following the closure of Saudi Arabia's East-West pipeline, raising concerns over oil supply tightness.

Macro · 1 week ago US Diesel Prices Surge to Record Highs Amid Energy Crisis US diesel prices have reached a historic $6.20 per gallon, marking a 78% increase over nine months, with California prices exceeding $8.14. This surge is driven by low supply and high demand, impacting freight and logistics sectors.

Macro · 1 week ago Major Banks Adjust Brent Oil Price Forecasts Amid Ongoing Gulf Shipping Disruptions Several major banks have revised their Brent crude oil price forecasts due to persistent shipping disruptions in the Middle East, with predictions indicating potential prices exceeding $120 per barrel.

Funding · 1 week ago UAE Crude Exports Near Pre-War Levels Amid Iranian Supply Collapse The UAE's crude oil exports have rebounded to near pre-war levels, while Iranian shipments have drastically fallen due to ongoing geopolitical tensions.

Policy · 1 week ago Andreessen Horowitz Advocates for U.S. Crypto Leadership Amid CLARITY Act Discussions Andreessen Horowitz's crypto division supports U.S. leadership in technology and the establishment of cryptocurrency infrastructure, coinciding with ongoing discussions about the CLARITY Act in Congress.

Derivatives · 1 week ago CFTC Establishes Automatic 30% Whistleblower Awards for Cases Under $5 Million The CFTC has approved a final rule that guarantees a 30% payout for whistleblowers reporting misconduct in cases with total awards of $5 million or less, streamlining the claims process.

Macro · 1 week ago Bitcoin Price Rises Despite US Inflation Data; Satoshi-Era Wallet Moves 600 BTC Bitcoin's price surged to nearly $79,607 amid rising US inflation, while a dormant wallet from 2010 moved 600 BTC after 16 years.

Macro · 1 week ago Jeff Currie Predicts U.S. Gas Prices Could Reach $5 Before Midterm Elections Jeff Currie, a prominent commodities strategist, forecasts that U.S. gasoline prices may hit $5 per gallon ahead of the midterm elections, driven by supply constraints and inflationary pressures.

Macro · 1 week ago IEA Lowers Russian Oil Output Forecast Amid Ongoing Ukrainian Drone Strikes The International Energy Agency has revised its projections for Russian oil production downward, citing the impact of Ukrainian drone strikes on critical energy infrastructure.

Macro · 1 week ago Major Banks Adjust Oil Price Forecasts Amid Gulf Shipping Disruptions Major banks, including Goldman Sachs, have raised oil price forecasts due to ongoing disruptions in Gulf shipping, particularly in the Strait of Hormuz, impacting Brent and WTI benchmarks.